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Weiqiao Textile Co., Ltd. ("Weiqiao textile" or the "company", together with the subsidiary company collectively referred to as the "group") is a non state owned enterprises, mainly engaged in cotton yarn, denim fabric and production, sales and distribution, is China's largest cotton textile manufacturers. In the past 10 years to grasp China's rapid economic growth, the establishment of a large scale of production, combined with advanced technology and equipment, in the global cotton textile market to lay a solid foundation. Weiqiao textile is located in China's third largest cotton producing province of Shandong Province, large production scale, a total of four production bases, respectively, for production of Weiqiao production base (first, second, and three production areas), Binzhou production base (Binzhou Industrial Park is the first production area and production area), Wei Haisheng base (Weihai Weiqiao Textile Co., Ltd. and Weihai Wei bridge science and Technology Industrial Park Co., Ltd.) and Zouping production base (Zouping Industrial Park, the first and Zouping the second Industrial Park). As of December 2004, the total floor area of thirty-one square meters of production for the production of 2974000 square meters, employing more than 101300 people. Daily 24 hour shift work in production area. In 2004, the group's production of about 543000 tons of cotton yarn, 1205000000 meters and 131000000 meters of denim fabric. The size of the economy makes the textile in the favorable position. In addition, as an integrated cotton textile manufacturer, the group itself to the production of cotton yarn, fabric and denim manufacturer. The group's product range, there are more than 2000 kinds, are known as the "bridge" trademark in the overseas and domestic sales. According to the China Cotton Textile Industry Association statistics, the group turnover meter in 2002 in China cotton textile industry ranked first; in addition, according to the China Textile Import & Export Chamber of commerce data show, the group of cotton yarn and fabric of the total value of exports, in 2002 equally ranked first in China. In 2003, in order to calculate the cotton yarn and fabric exports (China cotton textiles import and Export Chamber of commerce data), the Weiqiao textile ranked first in the country. As of December 31, 2004, the group has in China more than 30 provinces and cities nearly 4800 client and extends to more than 20 countries and regions about 500 overseas customers. Respectively, compared with the end of 2003 increased by 20% and 25%. The group's clients include Itou Tada, Futian industrial group and texwinca textile industry market leader group. As for the domestic market, the group has nearly 4800 domestic customers, many of which are located in Southern China and East China, there are a lot of local large textile and garment companies. 　　 With the growing demand for cotton textiles, while the world's production base to China, China's clothing market will be further developed. The group with economies of scale, low labor costs, strong research and development capabilities, and geographic advantages, will continue to expand the domestic and overseas market, is committed to the establishment of the group to become the world's largest cotton textile enterprises. 1 business goals Benefit from China's accession to the WTO free trade environment, the global textile trade will further open, China's textile industry will enjoy unprecedented market advantages. The group is full of confidence, seize the opportunity to have the whole world in view, to become the world's largest cotton textile enterprises. 2 business strategy Expand product mix, expand production capacity, achieve rapid growth. Expand the market, consolidate and strengthen the domestic market and actively penetrate Asia and Europe and the United States and other overseas markets, to establish a more broad and solid customer base. Strengthen R & D, establish R & D center, R & D new products and improve production technology. 3 competitive advantage Economic scale - with the huge production capacity of the group, to achieve the economic scale, the group has more competitive advantages in saving the cost of fixed production and the pricing policy of more zero activity. High quality products - the quality of the group's products in the global cotton textile industry reputation. The group production of cotton yarn are knotfree yarns, can reach 2001 Uster statistics 25-5% level. Fabric products can reach according to the specific requirements of customers four standard. The ability to deliver high quality products on time is short. The group has a full range of products, with more than 2000 kinds of products. The group has the ability to produce high quality products on time. Effective customer network - the group has established a broad customer network in China, the world's largest textile and garment producing countries, all over 30 provinces and cities in China, overseas markets to more than 20 countries and regions around the world. The company has a wealth of experience in the cotton textile industry, the group has a high efficiency, hard work and stability of the team. 4 production output In 2004, the group's production of about 543000 tons of cotton yarn, 1205000000 meters and 131000000 meters of denim fabric. The size of the economy makes the textile in the favorable position. In addition, as an integrated cotton textile manufacturer, the group itself to the production of cotton yarn, fabric and denim manufacturer. The group's product range, there are more than 2000 kinds, are known as the "bridge" trademark in the overseas and domestic sales. Production output in 2004 543000 tons of cotton yarn