After examination, the assets and liabilities ratio of the northwest cotton plant was 346.54%, and the loss was serious.

It was declared bankrupt in accordance with the People's Republic of China enterprise bankruptcy law.

With more than 5000 employees, it was awarded the national quality and efficiency advanced enterprise in 1994, and was awarded the title of "heavy contract and keeping promise".

The jet twill series conductive cloth developed in 1997 is listed as a national development project.

The products are mainly made of cotton imitation feather cloth, polyester cotton conductive cloth and high count and high density imitation feather cloth. They are exported to Japan, Korea, the European Community and Southeast Asia and other countries and regions.

Referring to the "Zhao Mengtao group", the older generation can say that nobody knows.

As a national model worker, Zhao Mengtao is known as the "red flag of the textile front".

As a representative of China's textile industry in 1950s, she has created an advanced clean inspection operation method and has been widely promoted in Shaanxi province.

In 1956 and 1959, Zhao Mengtao was awarded the title of the national advanced producer in the national advanced producers' Congress and the National Association of heroes. The 42 time he was appraised as a model worker and a red flag leader. He created a good achievement in completing the national plan and balancing production every year.

In 1959, she and her "Zhao Mengtao group" attended the National Association of heroes and became a banner of the textile front.

In 1963, the national model worker died of lung cancer. He was only 28 years old.

Li Shusheng, chairman of the northwest cotton plant 1, said that bankruptcy proceedings would be completed before the end of the year.