Huafang Textile Major Asset Reorganization Convene Shareholders' Meeting

< p > Hua Fang < a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > (600273) today held the second provisional shareholders' meeting in 2013, taking the way of on-site voting and online voting to consider the reorganization of Jiaxi energy's major assets.

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< p > it is reported that the assets to be incorporated into Jiaxing energy company is the core enterprise of China chemical industry new material (Jiaxing) park. Its main business is to provide steam for Jiaxing Zhapu economic development zone and its surrounding enterprises, and produce and sell ortho para, fatty alcohol (acid), chlor alkali and sulphuric acid series chemical products.

Jiaxi energy has continued to grow its operating income and net profit in recent years. From 2010 to 2012, the net profit of < a href= "//www.sjfzxm.com/news/index_cj.asp > net income < /a > 155 million 323 thousand and 700 yuan, 231 million 418 thousand and 700 yuan and 306 million 534 thousand and 500 yuan respectively, and the net profit compound attributable to the shareholders of the parent company reached 40.48%.

According to the letter "[2013]" 114137th "profit forecast audit report" and "Zhong Hua Hua commentary" [2013]3609 "evaluation report", the forecast net profit of assets in 2014, 2015 and 2016 is 527 million 874 thousand and 500 yuan, 593 million 717 thousand and 400 yuan and 687 million 718 thousand and 800 yuan respectively.

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< p > China chemical industry new material (Jiaxing) park is the first national new chemical material Park in China, the pformation and upgrading demonstration area of Zhejiang's massive economy to modern industrial clusters, the Zhejiang industrial circular economy demonstration park, the advanced unit of the national circular economy work, and the national new industrialization industrialization demonstration base.

Jiahua energy plays a fundamental and core role in the circular economy industrial chain of China chemical industry new material (Jiaxing) park.

Jiaxin energy takes the circular economy industry chain as a development mode. An important feature of the company's production and operation is not only to form an industrial chain supporting and complementary external circular economy with other enterprises in the chemical industry park, but also to realize the internal circular economy of resources and energy utilization within the enterprise, which fully embodies the energy saving and emission reduction development mode of consumption reduction, energy recovery and comprehensive utilization of resources.

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< p > cogeneration steam heating enterprises have the characteristics of regional natural monopoly.

According to the Interim Provisions on the construction and management of combined heat and power generation projects and comprehensive utilization of coal gangue, issued by the national development and Reform Commission and the Ministry of construction in January 2007, the steam heating medium should generally be considered in accordance with 8 kilometers, and such thermal power projects should not be planned repeatedly within 8 kilometers.

In July 1, 2008, he issued the reply on the development plan of central heating and cogeneration in Jiaxing with Zhejiang Economic and trade power [2008]371.

According to this plan, the heating area of Jiahua energy is: West to sea road, north to Shanghai Hangzhou highway, east to Zhapu Tong, South to Hangzhou Bay, covering all industrial land in Jiaxing port area and Haiyan Bridge New Area East.

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< p > Jiahua energy is the only heating enterprise in the planned heating area, and there are no other competitors in its heating area.

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< p > in recent years, with the rapid development of Jiaxing port area and the follow-up projects of the new chemical materials (Jiaxing) park in China, the construction and commissioning of the projects continue to start.

From 2010 to 2012, the sales revenue of energy steam products was 291 million 734 thousand and 100 yuan, 546 million 514 thousand and 800 yuan and 515 million 213 thousand and 100 yuan respectively, and the annual average growth rate reached 32.89%.

According to the action plan for accelerating the pformation and development of three years in Jiaxing port area, the Jiaxing port area will vigorously implement the "100 billion industrial belt" and "10 billion enterprise group" cultivation project in the future in the two years of 2015.

According to the plan, by 2015, the Jiaxing chemical industry new material (Jiaxing) park will cultivate the output value of the new chemical material industry and strive for 100 billion yuan.

The growing economic development situation in Jiaxing port also brings opportunities for the growth of Jiaxi energy steam business.

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