Jiaxin Silk Optimizes Industry Chain, Increase Capital And Expand E-Commerce Platform

　　 Jiaxin silk On the evening of 22 announcement, the company's wholly owned subsidiary, Zhejiang Jiaxin cocoon silk Co., Ltd. intends to acquire 47.5% stake in Jiaxing silk silk Market Development Co. Ltd by 30 million 404 thousand and 959 yuan. The acquisition will extend and optimize the silk industry chain of the company, enrich the types of e-commerce, and promote the transformation and upgrading of the main business of the company.

Cocoon silk company has a 19.25% stake in Target Corp. After the completion of the transaction, cocoon silk company will hold 66.75% of Target Corp. stock right 。

According to the 2012 annual financial report audited by Zhejiang Zhong Ming accounting firm limited, as of December 31, 2012, the total assets of Target Corp were 134 million 160 thousand yuan, the owner's equity was 114 million 640 thousand yuan, the operating income of 2012 yuan was 15 million 580 thousand yuan, and the total profit was 22 thousand yuan.

According to introducing, Jiaxing silk cocoon silk Market Development Co., Ltd. was founded in 1993. The Chinese Cocoon and silk trading market held by the company is a National Cocoon and silk specialized trading market. The market includes varieties of cocoons, raw silk, silk fabrics, accessories and garments, silk spinning raw materials and textile machinery. It is the trading, price, information and logistics center of China's cocoon and silk industry. The silkworm market computer public transaction information system "golden silkworm net" has been developed by the company. It has realized the synchronous transaction of silk and silk products in different places. It is a platform for developing silk culture, promoting silk industry, displaying silk products, publishing silk information, developing silk trade and expanding the Silk Market. At present, the "golden silkworm net" has reached more than 3300 hits, and instant users have more than 2000 users.

It is reported that the "nationwide" feature of market transactions is outstanding. The "Jiaxing index" formed by silk enterprises through various trading platforms of the market platform has directly affected the price of silk in the international market, and has become a consensus in the global silk industry. It has become the vane of the international cocoon silk price. The company's stake in Target Corp will play a positive role in promoting and improving the main business of the company.

Analysts said that Jiaxin silk company is mainly engaged in R & D, production and sales of silk, silk, clothing and other products. It is the only enterprise with cocoon purchase license in Jiaxing, Zhejiang province. It is rated as "the top ten competitive enterprises in China's silk industry". Jiaxin silk has become a well-known brand in the international market. Clothing is the main source of revenue and profit for the company. European Union It is the main sales area of the company's products.

Changjiang Securities believes that Chinese silk has a long history. The output of raw silk and green silk accounts for 70% and 45% of the world's total output, ranking first in the world. Silk products export has the dominant position in the international market. The company has the advantages of product development, quality customers, export sales personnel, industry chain and industry technology and management experience. In the case of insufficient demand, the company can still maintain relatively stable growth, and the demand in Europe and the United States is relatively stable. Silk products belong to medium and high grade products, and the domestic market has great potential. But the company is still in the nurturing stage in the domestic market, and there will be a period of maturity when it is estimated to reach maturity.