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Nan Shan Textile Accelerates Tech Park Development as Retail Revenue Climbs
Consumer Services · Other Consumer Services · economic_daily · 2026-10-27
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Nan Shan Textile is advancing its tech park project with revenue expected by 2028, while its shopping center targets record-high revenue this year.
What Happened
Tech Park Development: Nan Shan Textile announced during its investor conference that it is moving forward with the development of the Nan Shan Tech Park. The first phase, covering approximately 3,000 ping, will feature office buildings targeting R&D centers and tech startups, with revenue contributions expected to begin as early as Q4 2028.
Retail Performance: The company's shopping center is on track for a 5% revenue growth this year, aiming for a new historical high. The addition of major brands like IKEA and the 'Island Buffet' by Hi-Lai Foods, combined with refined management of its A1 and A2 malls, continues to bolster retail revenue.
Textile Industry Outlook: Regarding its core textile business, the company reported strong inquiry volume for its Vietnam operations in the fourth quarter. Management maintains a cautiously optimistic outlook for the coming year, closely monitoring global consumer demand trends.
Strategic Direction: Nan Shan is focusing on optimizing its asset portfolio by balancing tech park development with retail operations. The company plans to retain over half of the tech park's space for long-term leasing to ensure stable rental income and strengthen its long-term financial position.