Securities Times Network September 06
Xinye Textile (002087) announced on the evening of September 6 that the company plans to invest 489 million yuan and 525 million yuan respectively to build a "22,000 head air spinning production line" and an "annual production line of 41.12 million meters high-grade denim fabric project". The construction period of the project is 12 months. It is estimated that after the completion of the project, the annual average sales income will be 600 million yuan and 706 million yuan respectively, with an average annual profit of 97.13 million yuan and 90.4 million yuan.
(Securities Times·e Company)
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