【环球网财经综合报道】杭州福恩股份有限公司以生态环保面料的研发、生产和销售作为主营业务，主要产品以 再生面料为主，现已成为集面料设计、研发、纺纱、织造、印染、后整和销售于一体的大型企业，目前该公司正 在申请上市。 《审核问询函的回复》第157页披露，深交所要求结合报告期内产销量、产能利用率、订单可持续性等情况，分 析说明募投项目新增产能的必要性、合理性，是否存在产能过剩风险，募投项目达产后新增产能消化的具体措施 及其可操作性。对此，公司给出的答复包括"公司的产能利用率已经处于较高水平"、"订单规模总体上呈增长趋 势，公司订单具有较好的可持续性" 但与此同时，招股书第307页披露的"公司及子公司已履行和正在履行的1000万元以上的设备、工程合同情况"显 示，针对该项目的总承包合同，截至目前仍未履行完毕。 但从数据来看，公司在今年上半年产能利用率为84.35%，较2024年的92.63%明显下降，且为近年来的最低数值； 同时今年上半年订单规模为0.44亿米，而2024年全年为1亿米；还有招股书披露的产能利用率数据显示，福恩股份 今年上半年的产能为3675.94万米，折算全年为7351.88万米，相比2024年度全 ...

Core Viewpoint - The company, Fuen Co., Ltd., has been accepted for IPO on the Shenzhen Main Board, positioning itself as a leading global supplier of sustainable ecological fabrics, focusing on innovation and differentiation in the textile industry [1] Financial Performance - Fuen Co., Ltd. achieved revenues of 1.764 billion yuan, 1.517 billion yuan, and 1.813 billion yuan for the years 2022, 2023, and 2024 respectively, with net profits of 277 million yuan, 229 million yuan, and 275 million yuan during the same period [1] Fundraising and Projects - The company plans to raise 1.25 billion yuan through its IPO, with key projects including the integrated project for recycled environmental wool-type colored spinning fabric (800 million yuan) and a high-end recycled materials research institute (450 million yuan) [2] - The integrated project aims to produce 75 million meters of colored fabric, 5 million meters of plain fabric, and 7,200 tons of colored spinning yarn annually, utilizing modern production technologies to enhance automation and product quality [2] Research and Development - The high-end recycled materials research institute will have a construction period of three years, aiming to produce 3,000 tons of high-end recycled knitted fabric annually, enhancing the company's capabilities in the entire textile supply chain [3] - The company has established a comprehensive service capability from trend analysis to garment design, meeting the high customization demands of international brands like Uniqlo, H&M, and ZARA [3] Market Position and Growth - Fuen Co., Ltd. holds a significant market share in the recycled polyester-cotton blended fabric and recycled colored fabric sectors, with sales of approximately 50 million meters and 32 million meters respectively in 2023, and projected increases in 2024 [4] - The company has expanded its overseas market presence, achieving 932 million yuan in overseas revenue in 2024, accounting for 51.71% of total revenue, and has established subsidiaries in Singapore and Hong Kong to optimize overseas services [4] Industry Trends - The textile industry is undergoing a green transformation towards low-carbon, circular, and clean production, with Fuen Co., Ltd. aiming to strengthen its position in the supply chains of major international brands and increase its market share in the domestic market [5]