Chengde Dixian Textile Company Limited (hereinafter referred to as the company) is the first joint stock limited company incorporated in the People's Republic of China controlled by private person. Approved by the people's government of hebei province on Nov. 3, 1999, it was establish as a joint stock limited company through reorganization of Hebei Dixian Textile Company Limited. As of Dec. 31, 1999, the company's total assets were RMB437,580,000 with net assets RMB156,840,000 and net fixed assets RMB277,940,000.
The company is primarily engaged in the production and sale of four-season knitted casual wear and the subsidiary material including spinning, weaving, dyeing, embroidering and sewing. Currently, the company ranks as one of the largest knitted wear producers in China. Meanwhile, the company enjoys the highest level of vertically integrated manufacturing process among the companies in China. Most of the company's operation profits come from the production and sale of the ready-made clothes while others come from the production and sale of the integrated silk.
