- Business
- Jiangsu Jujie Microfiber Technology Group Co., Ltd. (300819.SZ) engages in the research, development, production, and sale of microfiber fabrics, clothing, and textile products. The company offers microfiber finished products including home textiles such as bath towels, bathrobes, and sofa covers; sports series products such as sports towels, sportswear, and auxiliary equipment; microfiber imitation leather fabrics used in fashion, home furnishings, automotive interiors, electronic products, shoe materials, and other fields; microfiber functional fabrics; and microfiber dust-free cleaning products including wiping cloths, wipe papers, and clean roll cloths for applications in LED liquid crystals, polarizers, optical lenses, semiconductors, integrated circuits, precision components, and coating equipment. Founded in 1994 and headquartered in Suzhou, China, on the banks of the Grand Canal in Wujiang, the company operates subsidiaries including Wujiang Jujie Microfiber Dyeing & Finishing Co., Ltd., Wujie Jujie Microfiber Garment Co., Ltd., Wujiang Jujie Microfiber Cleanroom Textile Co., Ltd., Wujiang Jujie Microfiber Import & Export Co., Ltd., Suzhou Special Materials Co., Ltd. for automotive airbag fabrics, and following a 2019 wholly-owned acquisition, Anhui Langxi Yuanhua Textile Co., Ltd., with products primarily exported to Europe, North America, Southeast Asia, and other regions accounting for about 90% of sales. Recent developments include entry into small-scale sample delivery for solid-state battery skeleton support membranes as an expansion of ultrafine fiber applications, though mass production and sales remain pending; progress by subsidiary Muscle Dynamics Technology (Suzhou Actuator Technology Co., Ltd.) in biomimetic actuation fiber products and bionic muscle fibers developed jointly with the Suzhou Institute of Nano-tech and Nano-bionics of the Chinese Academy of Sciences, advancing toward mass production; release of the 2025 semi-annual report showing operating revenue of 305 million yuan; and a proposal for an interim dividend for 2025, alongside announcements of plans by controlling shareholder Jujie Investment to reduce its stake by up to 2%.