year, when a creditor, a bank's Fuzhou branch, filed for bankruptcy with the court. After several months of trial, the court officially declared its bankruptcy on August 18, 2025.
According to the court announcement, the market value of the main assets under the name of XiangXX Textile Company is only about 420 million yuan, which is far from the huge debt. Therefore, it has been determined that it cannot repay the due debts and has entered bankruptcy proceedings in accordance with the law. At present, the legal representative of the company has been subject to measures to restrict high consumption and has been included in the list of dishonest persons subject to enforcement.
According to the information, Fuzhou XiangXX Textile Co., Ltd. was established in 2002 with a registered capital of 200 million yuan, and has been focusing on the production and sales of natural cotton yarn for a long time. Its product system is rich, covering various conventional and characteristic yarns such as pure cotton yarn, pure viscose yarn, pure polyester yarn, cotton polyester blend, polyester viscose blend, etc. It also includes categories such as compact spinning, bamboo yarn, siro spinning, and functional fiber yarn. The company has maintained long-term cooperative relationships with multiple large-scale production enterprises of silicone oil printing and dyeing auxiliaries, and has also held a certain position in the industry.
Under policy guidance, the organic silicon industry is undergoing profound changes
Recently, the country has elevated "industrial chain and supply chain security" to a strategic level, indicating a profound shift in the development logic of the silicone industry. The extensive growth model that relied on capacity expansion in the past is unsustainable, and a deep supply side reform around the three major goals of "safety, stability, and efficiency" is about to begin. In the future, policy resources are expected to further tilt towards top enterprises with technological strength and scale advantages, promoting continuous optimization of industry structure.
In this context, the organic silicon industry is accelerating the formation of three trends:
Industrial centralization accelerates
Small and medium-sized enterprises that do not meet environmental standards, have high energy consumption levels, and weak technological capabilities will have their living space sharply compressed. Leading enterprises are expected to consolidate their market position and continuously increase industry concentration by integrating production capacity and improving the synergy efficiency of the industrial chain.
High end development has become the core track
Realizing autonomy and controllability in the "bottleneck" field has become an urgent need at the national strategic level. The localization process of high-end silicone materials, such as electronic packaging adhesives, high-performance silicone oils, and special silicone resins, will significantly accelerate. These fields will become the main sources of high profits and growth for future industries, attracting companies to increase their research and development investment.
Green and digital dual wheel drive
Under the "dual carbon" goal, energy conservation, consumption reduction, and clean production will become the hard threshold for sustainable development of enterprises. At the same time, optimizing production scheduling and supply chain coordination through industrial Internet and big data to improve production efficiency and resource allocation capability will also become a key path for leading enterprises to build competitive advantages.
It can be foreseen that under the dual effects of policy guidance and market clearing, China's silicone industry is entering a critical stage of structural reshaping, and a new industrial pattern that is more intensive, safer, and more internationally competitive is accelerating its formation.