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The impetus for the growth of Xinmin technology performance is mainly from the expansion of capacity, 9 times in 3 years.

In the 2010-2012 year, the company will carry out large-scale capacity expansion. In 2010, the company differentiated polyester filament production capacity of 82 thousand tons / year (equity production capacity 60 thousand tons / year). We expect that in 2011 and 2012, the company will add 200 thousand tons / year and 300 thousand tons / year capacity respectively.

By the end of 2012, the total capacity of differentiated polyester filament will reach 580 thousand tons / year, and the equity production capacity will be 560 thousand tons / year.

The demand for textile and clothing is strong, and the high price of natural fiber stimulates the substitution of demand.

China's textile and clothing demand is strong, exports have also been remarkably restored, polyester filament demand is strong, natural fiber (cotton and mulberry silk) price is high to drive the demand of polyester fiber, polyester filament benefits more obviously, polyester filament industry's profitability is stronger than polyester staple industry; through differential treatment, polyester filament can also have various excellent properties, widely used in clothing and home textiles, and differential polyester filament has become a very dynamic field in the chemical fiber industry.

Polyester filament supply is relatively tight before the end of 2011, and the supply of PTA and MEG will be loose in the next two years.

In 2011, there will be 2 million 760 thousand tons of polyester filament production capacity, compared with 2010 capacity growth of 14%, the capacity growth rate is lower than the downstream expansion rate, and the production capacity is mainly concentrated in the 4 quarter of 2011. We expect that in the first 3 quarters of 2011, the supply of polyester filament industry will continue to be tight. There is a bottleneck in the production capacity of polyester filament. We expect that the capacity of polyester filament will expand in an orderly way in the next few years. In the next two years, the expansion of PTA and MEG capacity will be significant, and the supply will be difficult to sustain.

Core advantages ensure huge capacity expansion into performance.

Xinmin technology has regional advantages.

Earnings forecasts and investment proposals.

Xinmin technology in the next 3 years