Jihua Group(SH:601718) Zhong Guo Jing Ying Bao·2025-11-04 06:55Core Insights - The article highlights the transformation of the textile industry in Machou Town, Hanchuan City, which has been recognized as "China's Line Manufacturing Town" and is a significant player in the national textile sector [3][4]. Group 1: Industry Overview - Machou Town has 40 textile enterprises above designated size, accounting for 36% of the national capacity in the same category, and has established a production base for 15 million core kilometers of optical fiber and cable [3][4]. - Hanchuan City has over 3,000 textile and apparel companies, producing nearly 800 million garments annually, with sewing thread production capturing two-thirds of the national market share [3][4]. Group 2: Company Development - Jihua 3509 Textile Co., Ltd., established in 1950, has evolved from producing military socks and towels to becoming a national high-tech enterprise, showcasing a successful transition from traditional textile manufacturing [3][5]. - The company has invested 54 million yuan in advanced German technology, implementing smart production processes that significantly reduce labor requirements [5][7]. Group 3: Technological Advancements - Jihua 3509 has introduced advanced equipment from Japan, the USA, Belgium, and Germany, achieving a leading level in domestic technology and enhancing production efficiency [7][8]. - The company holds over 293 national patents, including 58 invention patents, and has been recognized as a national-level "green factory" and a specialized "little giant" enterprise [7][8]. Group 4: Economic Impact - Hanchuan City's GDP reached 94 billion yuan in 2024, with a goal to become a "trillion-level" county, supported by a modern industrial system that includes textiles, food processing, and equipment manufacturing [11][12]. - The textile and apparel industry generated 616 billion yuan in output value in 2023, accounting for nearly 40% of the city's industrial output, with a projected growth of 10% in 2024 [11][12]. Group 5: Future Goals - Hanchuan City aims to create a textile and apparel industry cluster worth 100 billion yuan within three years, alongside other significant industrial clusters [12].