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Nanyang Textile Group Co., Ltd. successfully completed the enterprise restructuring in August 2006, and became a new private enterprise from Henan Xingda Investment Co., Ltd. as a whole. At present, there are 300000 spindles, 2000 looms, 1 billion yuan of fixed assets, 4500 employees, 59000 tons of cotton yarn, 81.87 million meters of cotton cloth, 1.7 billion yuan of annual output value and 1.7 billion yuan of annual sales revenue. The products cover general spinning, worsted spinning, blending, compact spinning and Siro spinning of various fibers such as pure cotton, polyester cotton, viscose cotton, modal, Tencel, bamboo fiber and soybean egg white fiber. The products sell well in more than 20 provinces, cities and autonomous regions in China, and are exported to more than 20 countries and regions such as Hong Kong, Japan, Europe and the United States. After the restructuring of the enterprise, a new 200000 spindle new spinning project will be built, with a total investment of 680 million yuan. All domestic equipment will be used, key components imported from abroad, with high degree of automation, equipment operation e-system automatic control, long car automatic yarn dropping, winding process all automation, exquisite detection means, high-power electrical appliances using frequency conversion technology, lighting all LED light source, no boiler, no emission; The product is positioned at more than 40 pieces of fully combed compact spinning and compact Siro spinning knitting yarn. The project has high starting point, good design and national enterprise level. It is expected to be completed and put into operation in May 2015. After completion, the annual output of cotton yarn will be increased by 30000 tons, the new sales revenue will be 1.15 billion yuan, the new profit will be 85 million yuan, the tax will be 55 million yuan and the tax profit will be 140 million yuan. By 2015, Nanyang Textile Group Co., Ltd. will have a production capacity of 500000 spindles and 2000 looms, with an annual sales revenue of more than 3 billion yuan. It will play a greater role in the construction of Nanyang main area of the Central Plains Economic Zone by stepping into the ranks of the largest enterprises in the textile industry in China.

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