Hubei Jinye Yuyang Chemical Fibre Co., Ltd. is a subsidiary of the listed company, Shaanxi Jinye Group, with a registered capital of 105.07 million yuan and more than 120 employees. The company is the only fixed-point company in Hubei Province that has both production and sales of polypropylene cigarette tow and cigarette filter rods. It is also a state-level, high-tech enterprise in Hubei Province and an innovative pilot company in Hubei Province. In 2017, the company achieved an output value of more than 45 million yuan, and its leading product sales network spread across key tobacco groups such as Hubei, Shaanxi, Sichuan, Henan, Yunnan, Guizhou, and Jiangsu, accumulating stable and high-quality customer resources, and expanding its influence in the industry.
In recent years, facing the new situation and new changes in the tobacco industry, the company has accelerated the expansion of overseas markets and the upgrading of its own products. In 2017, the leading products were successfully exported to the Thai market and achieved zero breakthroughs in overseas markets, generating more than US$6 million in foreign exchange. At the same time, it also launched strategic cooperation with tobacco research institutes such as Yunnan Ruisheng Tobacco Technology Group Co., Ltd. to accelerate its entry into the high-end profiled mouthpiece market.
Looking into the future, the company will continue to accelerate the upgrading of equipment and production lines, accelerate breakthroughs in new product development and new market development, and promote the company's upgrading and shifting to achieve a new level of development.