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After rapid development in recent years, Xinmin technology has succeeds in the ranks of "the top 500 competitiveness of the national textile and garment industry" and "the top 10 competitiveness of the silk industry".

The 300 thousand ton direct spinning project is the largest investment project since the company was founded. After the completion of the project, the production capacity of 300 thousand tons of polyester differential fiber will be formed annually. The implementation of the project will be of great significance to the pformation and upgrading of Wujiang's textile industry, energy saving and emission reduction and circular economy.

Participants hoped that Xinmin technology will further develop the fine weaving and dyeing sector and focus on the development of differentiated fiber plates, so as to contribute to enhancing the competitiveness of Wujiang's private economy.