On August 29, the fifth National non-public economic personnel outstanding builders of the socialist cause with Chinese characteristics commendation conference, 100 private enterprise investors, individual industrial and commercial households and new social strata were commended. Zheng Baoyou, chairman of Fujian Jinlun High Fiber Co., LTD., was awarded "National non-public economic personnel outstanding builder of socialist cause with Chinese characteristics".

The United Front Work Department of the CPC Central Committee, the Ministry of Industry and Information Technology, the Ministry of Human Resources and Social Security, the State Administration for Market Regulation and the All-China Federation of Industry and Commerce jointly launched the fifth national non-public economic personnel outstanding builders of the socialist cause with Chinese characteristics selection and commendation activities in May this year.

Jinlun High Fiber Co., LTD., led by Zheng Baoyou, is a leading chemical fiber manufacturing enterprise, focusing on the main business and strengthening the industry for more than 30 years. Its family members have founded more than 10 textile and garment factories, and the spinning scale of cotton mills in Changle District alone exceeds 4 million spindles. In 2018, the company's sales revenue was 29.867 billion yuan, taxes were 514 million yuan, and cumulative donations were 9.78 million yuan.

Talking about the success of the business, Zheng Baoyou summed up the following: "My own learning ability is very strong, learning is also very fast, what things to do, fast; I judge things very accurately, so the probability of success is high." In Zheng Baoyou's view, the so-called high success rate of investment is not based on luck, but on continuous learning and hard thinking. "All day long, I think about how to run a business, how to innovate, see a pile of green grass and even wonder if it can be turned into raw materials, and even dream at night, I think about this."

In the "big territory" of China's chemical fiber industry, Fujian Changle chemical fiber industry has unique characteristics. Especially in the past 10 years, relying on the local very developed warp knitting industry, Changle nylon industry has expanded rapidly and formed a prominent advantage. At present, Changle has become the country's largest nylon slicing base, the world's largest nylon civilian silk production base, coupled with the local unique cotton textile industry, Changle polyester industry has also formed a certain scale and characteristics.

Before 2003, when Jinlun high fiber was not established, the polyester staple fiber raw materials needed by Changle spinning enterprises were mostly purchased from Jiangsu and Zhejiang areas, and even from abroad. In order to solve the bottleneck problem of raw materials faced by everyone, Zheng Baoyou saw the opportunity to invest in the establishment of Jinlon high fiber. Jinlun high fiber phase I 200000 tons polyester staple fiber project was put into operation in 2005, and Phase II 200000 tons polyester filament production line was put into operation in 2008. By the end of 2012, the fourth phase of the project was also fully put into operation. "After the polyester staple fiber project, taking into account the local textile industry developed, warp knitting factories, downstream demand, we have invested in the construction of filament projects, including POY, DTY, FDY varieties, these products enjoy a high reputation in Changle." Changle in the past did not have chemical fiber raw materials, textile factories to buy products in Jiangsu and Zhejiang, freight to bear. After the establishment of Jinlun high fiber, the raw materials of Changle textile enterprises realized the nearby supply, saving their procurement costs. It can be said that Jinlon high fiber has been responsible for the supply of raw materials for Changle textile since it was put into production. Changle textile industry is so developed, and the development of Jinlon high fiber has a lot to do with." Zheng Baoyou analyzes the value of investing in upstream raw materials. Today, from a nationwide perspective, the advantages of Jinlon high-fiber polyester staple fiber are very prominent, mainly because "Zheng's" itself has a large spinning scale, and it can all digest its products internally.

In the context of industry demand is still unstable, Jinlon high fiber will be committed to technology and product innovation. In order to strengthen product innovation, Jinlon high Fiber set up a product research and development team in 2016, led by Zheng Baoyou. "We will continue to invest, increase the added value of our products, adjust our product mix, diversify our products and pursue higher profits," Mr Zheng said.