High Tenacity Sewing Thread

High Tenacity Sewing Thread

Product name: polyester filament sewing thread

Products types: 840D/3, 1000D/3, 1500D/3, 2000D/3

The sewing thread is one of our strong item. This thread selects metal membrane imported from Japan as raw material and is manufactured by membrane cutting and thread making devices imported from Japan. It focuses on high class and delicate sewing, having excellent color fastness and strength of anti-chemicals. Its high strength of anti-breaking is suitable for high speed sewing to enhance producing efficiency. It can endure jeans' bleaching, rubbing and washing, suitable for army clothes as special threads. It owns highly attractive glorious gloss and wide color series, with excellent color fastness, glorious gloss and softness. It is the first choice for ecological textile.

Information about textile industry

Huamao (000850) issued an announcement saying that the company has received a fixed subsidy of RMB 15,529,200 from Anqing Labor and Employment Bureau recently, and the company's subsidiary Xinjiang Huamao Aral Textile Co., Ltd. received the Aral Economic and Technical Development Zone Finance Bureau The pre-allocated special fund for textile and apparel in 2020 is RMB 105.02 million.

Announcement shows that the above-mentioned government subsidies totaled about RMB 25,821,200, accounting for 21.75% of the net profit attributable to the parent company audited in the company's most recent fiscal year (2018).

It is understood that according to the provisions of "Accounting Standards for Business Enterprises No. 16-Government Subsidies", government subsidies related to assets refer to government subsidies obtained by enterprises for purchase and construction or other forms of long-term assets; those related to income Government grants refer to government grants other than those related to assets. The above-mentioned government subsidies related to daily business activities amounted to RMB 25.821 million, all of which were included in other income subjects in the current period.

According to "Enterprise Accounting Standards No. 16-Government Subsidies" and other relevant regulations, the company included the above-mentioned government subsidies of RMB 25,821,200 into the 2020 annual profit. It will have a positive impact on the company's 2020 performance.

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