Shandong Guanxing Textile Group is one of the 18 key enterprises in Liaocheng city and one of the 10 leading textile enterprises in Liaocheng city with 10 billion property. Occupying a total area of 1,100 mu, it owns a total assets of RMB 489 million. There are 4,600 employees in the group, including 385 engineering technicians. Now it owns cotton spinning capacity of 170,000 ingot and 260 sets of various kinds of knitting machines. We mainly produce 6-120 count quality cotton yarn, knitted fabric and knitted garments, with a yearly production of 42,000t, 10,000,000m and 16,000,000 pieces respectively. Products are sold to more than 20 countries as well as different parts of our country. Our group enjoys a high reputation at home and abroad. Since 1998, it has been awarded one of the top 50 enterprises in national textile industry for straight years. In 2004, our group realized RMB 1.05 billion sales revenue 10.5, RMB 86.85 million profit payments and tax turnover and RMB 40.38 million profits. Our group pays much attention to market research and analysis. We will adjust product structure, improve products' technical content and additional value according to the market's changes.

In order to speed up enterprise development and improve product grade, our company begins to attract capital. RMB 900 million was invested together by our company and Changyi Xingxiang Company on the establishment of Guanchang Textile Co.,Ltd.. Guanchang Textile Co.,Ltd. is specialized in producing medium and high-grade combing cotton yarn. 50,000 ingot high-grade spinning equipment was started to be constructed in April of 2004. In 2005, 250,000 ingot production specification will be formed. RMB 0.15 billion investment was agreed on with Guangdong Changle Beijing Weaving Co.,Ltd..

Our Group has set up training center, where all the employees have been trained. Qualification rate for professional technicians reaches 98%. 15 persons with educational level of junior college have been employed.

Insisting on the management idea of "sincere management, seek excellence", our Group aims to be larger and stronger. We will expand brand effect and market shares on the premise of mutual benefit.

In order to further strengthen competitive power, our Group plans to invest RMB 1.5 billion on the establishment of " Guanxing Industrial Park". By 2008, our Group will develop into a large-scale integrative enterprise encompassing weaving, printing, dyeing and garment, with 500,000 spindles, 100 sets of large diameter circular knitting machines, 800 sets of knitting machines, 300 sets of air-jet looms, 4,000 sets of sewing machines, 6 printing and dyeing lines, 20 sets of air spinning machines. Yearly sales revenue can reach RMB 5 billion and profit payments and tax turnover reach RMB 0.5 billion if all the projects start running

Wang Fengchao, broad chairman of Guanchang Textile Group, sincerely hopes to establish cooperative relationships with new and existing friends at home and abroad for mutual development and bright future!