Tianshan wool textile Limited by Share Ltd   

By the Xinjiang Urumqi wool textile company and Hongkong Tianshan Woollen Textiles Ltd (Hongkong Peninsula Knitting Co. Ltd, Japan Toyo Spinning Industry Corporation), Hongkong international cotton Co. Ltd., the Xinjiang Uygur Autonomous Region supply and marketing cooperatives Quartet set up joint venture wool textile enterprises. (the main industry for the spinning of wool yarn, cashmere yarn; knitting wool sweater, cashmere sweater) Company in January 1981 officially opened, is our country promulgated after the first joint venture law approved by the joint venture, the first joint venture is the textile industry to set up. The initial registered capital of 8000000 dollars. With the development of enterprises, the parties to the venture capital in 1989 three times successively, the registered capital of 22000000 dollars. 1995 for the restructuring of the Limited by Share Ltd, in 1998 April listing, through the capital increase Kuogu, at present the total share capital of 338070000 shares, of which: National shares accounted for 45.52%, legal person shares accounted for 2.33%, foreign capital shares accounted for 27.13%, A shares in circulation accounted for 25.02%. Since the opening of the company, at all levels of government support, in good faith cooperation between Chinese and foreign parties, with the joint efforts of all ethnic groups of the staff, production scale is continually expanding, the economic benefits of sustained growth. The output of products have been by the formation of the early years of spinning 390 tons, the annual knit sweater 720000, increase to the production of various yarn 800 tons, all kinds of shirt 2000000 pieces of scale. The total export $278000000, total profits and taxes 834000000 yuan, equivalent to 12 times the original capital. The variety of countries to pay taxes 247000000 yuan, total assets of one billion two hundred million yuan. The company based in Xinjiang, the quality of cashmere and fine wool as raw materials, the introduction of Japan, Italy and Germany advanced technology and equipment, variable material advantage into product advantage, the production of high-grade cashmere and wool sweater, and occupy the international market.