In order to seize the opportunity of structural adjustment in the chemical fiber industry, Xinmin Technology (002127) proposes to issue a price of not less than RMB 6.12 per share. The number of non-public offerings will not exceed 120 million shares, and the maximum amount of funds raised will be 734 million yuan for construction purposes. Annual output of 120,000 tons of ultra-simulated differential spinning production line project and annual output of 30,000 tons of solvent cellulose fiber project. According to the announcement, at present, the vast majority of polyester fibers produced in China are of the conventional type, and super-differentiated polyester fibers are a variety of differentiated polyester fibers. They can not only imitate natural fibers such as wool, hemp, silk, and cotton, but also can imitate others. Chemical fiber, such as polyester imitation nylon. Through the modification of certain functions, super-simulated differential polyester fibers can concentrate the advantages of several chemical fibers. Lyocell fiber is a solvent-regenerated cellulose fiber developed in the last century. It is not only nontoxic in the production process, but also has the characteristics of high dry and wet strength, high initial modulus, good dimensional stability, and low shrinkage. It can develop many kinds of properties. High value-added woven and knit products. At present, with the exception of Llancell fiber production capacity of 130,000 tons of Austrian Lancôme worldwide, there are only sporadic trials and production. Lyocell fiber is in short supply, and China needs to import about 40,000 tons per year. The domestic construction of Lyocell fiber production plants has cost advantages and a promising future. The ultra-simulation differentiated spinning production line project has a construction period of two years. After reaching production capacity, it is expected to increase annual sales revenue by 1.762 billion yuan, increase annual total profit of 129 million yuan, post-tax internal rate of return of 16.17%, and payback period of 6.99 years. The solvent cellulose fiber project will be constructed for 3 years. After reaching production, it is estimated that the annual new sales revenue will reach 799 million yuan, the total annual added profit will be 165 million yuan, the internal rate of return after tax will be 13.20%, and the investment recovery period will be 8.11 years. Xinmin Technology expressed its hope that through this non-public issuance, it will raise necessary funds to seize the opportunity of industrial restructuring of the chemical fiber industry, enhance the company's competitiveness in the field of polyester filament yarns, and increase new profit sources through the operation of the new product Lyocell fiber. Metal Punching Machine,Hole Punching Machine,Deep Throat Press Hvcen Machinery Technology Co., Ltd. , http://www.elh-press.com