In the twenty-fifth year of Guangxu (1899), the furnace was tested on March 11, the engine was tested on March 25, and the car was tested on March 29. By May 23, 1899 (April 14 in the lunar calendar) ), officially started spinning, and formulated a "factory agreement." In September of that year, yarn prices jumped high, the yarn mills made money, and production could be maintained. In the second year of driving, the net profit (excluding official profit) was 50,000 taels. In the third year, the net profit was 100,000 taels. By 1908, the net profit was more than 1.9 million taels. Therefore, profits are higher. As shareholders received generous profits, more and more investors became shareholders, and in 1901 the capital was increased by 80,000 taels. In 1903, Sheng Xuanhuai's part of the government money was transferred to Dasheng Cotton Mill at a discount of 250,000 taels. Together with the newly added 300,000 taels of business shares, the total capital increased by 550,000 taels this year. The factory has 40,800 spindles, accounting for 11.9% of the total number of spindles in the country.
In 1904 (the 30th year of Guangxu), after the Russo-Japanese War broke out, Japan’s dumping of foreign cloth in the Northeast dropped sharply, and Nantong Guanzhuang homespun cloth was able to sell well in the Northeast, with a total sales volume of 150,000 pieces a year (each piece More than 40 pieces), and at that time the cotton yarn output of Dasheng Cotton Mill was only half of the yarn consumption of Guanzhuang Dabu, which provided favorable conditions for the development of Dasheng Cotton Mill. In 1905, he made a huge profit and increased his share capital by 670,000 taels. In 1907, the Dasheng branch was built in Chongming, with a capital of more than 800,000 taels and 26,000 spindles. On July 23 of that year, the first shareholders' meeting was held, and "Dasheng Textile Co., Ltd." was established to unify the main factory and branch factories. It was registered with the Ministry of Commerce and obtained the "no other company within a hundred miles for twenty years" The patent right to establish a textile mill established a system of local economic monopoly in Dasheng.
Recovery from the war
In 1914, after the outbreak of the First World War, the imperialists were busy with the war, which gave China's textile industry a good opportunity to develop, which brought great opportunities to Dasheng Spinners. The "golden age". Starting from 1917, due to the sharp decline in foreign goods, domestic gauze sold well, especially in Sichuan and Jiangxi, where demand was greater. The price of gauze rose from 156 yuan per box to 230 yuan, so the annual profit was 760,000 taels. It also made profits continuously in the next four years, with a total profit of more than 5.6 million taels in the five years from 1917 to 1921.