At the end of 2021, due to the needs of production development, the company applied to relevant government agencies for the project of "building a new production line of high-end knitted functional fabric with an annual output of 10,000 tons". The district government approved our project application at the beginning of 2022 after various discussions.

Our company mainly focuses on the export of foreign trade. In order to upgrade the product grade and increase the product design and development ability, we plan to carry out the "secondary development" of the old factory, build a new modern standard industrial plant, transform and improve the production environment, introduce advanced scientific and intelligent equipment, reduce labor costs, improve economic efficiency, and promote the production and trade integration enterprise. It plans to purchase 200 sets of high-end high-density ultra-thin knitting machine, which is expected to produce 10,000 tons of functional knitting fabric annually. The planned total investment is 300 million yuan, including 120 million yuan of equipment and supporting investment, 120 million yuan of plant and office building investment, and 60 million yuan of working capital. The estimated annual sales is about 400 million yuan, and the estimated profit and tax is 30 million yuan.