Yesterday, Chongqing Textile Holdings Group officially became the major shareholder of Shanghai Sanmao Enterprise Group Co., Ltd. On the same day, Chongqing Light Textile and Shanghai Textile Holding Group formally signed a contract to transfer 36.1% of Shanghai Sanmao's shares held by the latter to their own names.
Shanghai Sanmao, formerly known as Shanghai No. 3 Wool Textile Factory, has a history of 73 years. It is a leading enterprise in China's wool textile industry and one of the landmark enterprises of Shanghai Textile. At present, the company's total assets are 1.371 billion yuan, and the “Sanmao” brand. The intangible value is as high as 590 million yuan. The company's latest financial report shows that in the first three quarters of 2005, the main business income was 987 million yuan, and the total profit was 130.654 million yuan. Huang Qifan, member of the Standing Committee of the Municipal Party Committee and executive deputy mayor, disclosed yesterday that Shanghai Sanmao has been submitted to Chongqing Light Textile for approval by the National Development and Reform Commission.
What will happen to Shanghai Sanmao after it is included in Chongqing Textile? The signing parties did not disclose more details of the agreement. Shanghai Textile said that during the “Eleventh Five-Year Plan” period, Shanghai Textile will take the road of high-end textiles. This time, the Shanghai Sanmao shares held by the company will be included in Chongqing Light Textile, but the beginning of cooperation between the two parties. Chongqing Light Textiles said that it will take advantage of the industrial gradient to expand and expand Shanghai Sanmao, and strive to achieve the development goal of 10 billion textiles in the "Eleventh Five-Year Plan".
Previously, Huang Qifan revealed at the city's industrial economic work conference that after Shanghai Sanmao was transferred to Chongqing, the whole west would move into the city. Ni Zhihua, the current chairman of Shanghai Sanmao, will serve as vice president of Chongqing Light Textile, and his former Shanghai-based land will also be owned by Chongqing Light Textile for real estate development. However, the relevant details were not announced yesterday, mainly because Shanghai Sanmao is a listed company, and the above details need to be consulted.
Shanghai and Anhui are separated by thousands of miles. Why does Shanghai San Mao have a special liking for Chongqing? Huang Qifan's explanation is that this is inevitable in complying with the current macroeconomic environment and implementing industrial gradient transfer. It is reported that with time, textiles are no longer a leading industry in Shanghai. There is a shortage of oil, electricity, coal and transportation. There is also a shortage of employment and land use. Local energy and infrastructure have restricted the development of Shanghai Sanmao and are facing industry. Structural Adjustment. Chongqing has an advantage in these areas and can provide space for textile companies to develop.
At present, the Chongqing textile industry is coming out of the trough, and an industrial chain is taking shape. Previously, Shandong Ruyi Group's 500,000 spindle production base was settled in Wanzhou, and Hong Kong Cha Group also started to build a 200,000 spindle textile base and introduced clothing and fabric production. The Shanghai Sanmao will bring a great boost to the technology, talents and management of the Chongqing textile industry.

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