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Yuecheng district's private enterprises are displaying an impressive tenacity, local media reported on March 15.

Zhejiang Jinqiang Needle Spinning Technology Co, located on Guanhai road in Doumen subdistrict, is one of them.

"Our company has always remained dedicated to our mission of producing high-quality fabrics," said Chen Rongfeng, chairman of the company.

"Our forward-thinking approach to high-needle, high-weaving, and high-density knitting and weaving has been embraced by the entire industry, and we remain committed to innovation and differentiation."

The company's cutting-edge products are sold worldwide, with regular clients including Spain's ZARA and Japan's UNIQLO.

The company has invested over 20 million yuan ($2.9 million) annually in research and development and obtained 48 national invention patents over the years.

The company currently boasts an annual production of 20,000 tons of high-end knitted products, with a new factory building with an area fof over 70,000 square meters now under construction. By the end of the year, the company's annual sales revenue is expected to surpass 1 billion yuan.