(2) Concept of asset restructuring: The company divested three bundled assets, namely Yixintai, Madong and Vinylon, which could not form the core of the industry through asset restructuring, and put them into 99% equity of Huasheng Industry and Trade Company. The company's sales revenue maintained a stable and healthy development, and its import and export volume ranked second among foreign trade companies in Hunan Province. The company completed the adjustment of its main business and effectively improved its profitability.
(3) Concept of real estate: The company owns 65,438+00 land use right located at No.90 Jianshe Middle Road, Lusong District, Zhuzhou City, covering an area of 39,995.56 square meters (about 60 mu). In the future, we will make full use of land and do a good job in the development and sales of commercial housing, making it an important supplement to the company's business and further enhancing the company's operating performance. At the same time, Huasheng Zhuzhou Cedar sold 278 mu of land, which is the largest Long Ben Park adjacent to Zhuzhou City on the left. The tallest landmark building in Zhuzhou will benefit the opposite side of the street, and the real estate development prospect is promising; Another 50.23 mu of land, also located in Zhuzhou City, has entered the stage of investment promotion. Huasheng Co., Ltd. disclosed on May 7, 2009 that it intends to invest 20 million yuan of its own funds into the "Upper East Lexington" real estate development project through bank entrusted loans.
(4) Technical advantages: In 2007, * * * Company developed more than 400 new varieties in 8 series, including high-count flax, flax blended yarn and yarn-dyed fabric, high-count yarn-dyed, mechanical slub elastic fabric and ramie denim. Zhuzhou Cedar Company, the holding subsidiary of the company, won the first prize of scientific and technological progress of China Textile Industry Association for its "research project of ultra-high quality fine ramie fabric technology", and the company developed 300 kinds of pure ramie fabrics. The "ultra-high-count pure linen refreshing silk" developed by Dongting hemp industry company, a holding subsidiary of the company, won the second prize of scientific and technological progress in Hunan Province.