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Development course of Hubei Yinfeng Industrial Group Co., Ltd.
Since 1998, Yinfeng Group has been adhering to the enterprise tenet of "strengthening Yinfeng and contributing to society" and the enterprise spirit of "honesty-oriented and pursuing Excellence", actively adapting to the new situation of cotton circulation reform and China's entry into WTO, absorbing elite talents in all directions, actively exploring on the new road of promoting cotton industrialization management, and achieving remarkable results that are highly anticipated by peers.

-At the source of cotton industrialization, adhere to the model of "enterprise+base+cotton farmers+cooperatives" to realize the double benefits of agriculture and enterprises. Yinfeng Group has established 18 cotton purchasing and processing bases in and outside the province in various forms such as capital contribution, acquisition and merger, holding, equity participation and leasing. In 2005, in order to adapt to the reorganization of the national cotton inspection system, 400 ginning factories were built in Huangmei Xiaochi. Around the base, more than 10 Yinfeng cotton professional cooperatives have been established by means of order acquisition and profit rebate, and cotton production order contracts have been signed with 7 counties and cities in the province 163 villages, with a cotton planting area of 580,000 mu and 53,000 farmers. The resources directly purchased from cotton farmers every year are basically more than 40 thousand tons.

-In commercial and trade circulation, we should persist in transforming the traditional network with modern circulation methods. Based on Hubei, we will actively expand Shenzhen, Guangzhou, Chongqing, Xinjiang, Shanghai, Beijing, Guangxi, Shandong, Jiangsu, Zhejiang and Australia, and form a cotton marketing network with Wuhan as the center, radiating major domestic cities and connecting foreign countries. At the same time, relying on the Yangtze River regional cotton trading market and the 6-square-meter cotton futures delivery warehouse located in Dongxihu, we will seize the opportunity to develop cotton e-commerce and logistics distribution business, open up the import and export business of cotton, cotton spinning and other textiles, and form an online and offline circulation network that combines domestic and foreign. In 20 10, the total cotton business of Yinfeng Group reached150,000 tons, the warehouse receipt pledge reached 50,000 tons, and the storage throughput reached 100,000 tons.

-In the process of cotton spinning, persist in planning industrialization with new industrialization. Since 2000, four cotton mills have been established in and outside the province through self-construction, mergers and acquisitions, joint ventures, etc., with a processing capacity of10.5 million spindles. Among them, Xiantao Cotton Mill is a new cotton mill with a high starting point, with an investment of 654.38+0.5 billion yuan. With the business philosophy of "first-class equipment, first-class management, first-class products and first-class benefits", we adopt international advanced equipment and introduce domestic talents to produce high-end products. In the second year of its establishment, JC40 won the first place in China as a reliable superior product. At present, "Yinfeng" brand cotton yarn has been exported to Indonesia and Hong Kong.