Shanghai
Sanmao Enterprise (Group) Co., Ltd. (hereinafter refers to Shanghai
Sanmao) was founded in September 1993. She is reunited from the original
Shanghai No.3 Wool Textile Factory, is invested and held by Shanghai
Textile Holding Group Corporation and established by social collected
funds. She is also the first joint stock company who issued both A and B
shares in Chinese Textile Industry. The registered capital of Shanghai
Sanmao is RMB 200 million and the total assets are 800 million. In 2007,
she gained annual sales incomes amounting to RMB 1.6 billion, with the
import & export sales reaching USD 165 million, and gross profits
RMB 118 million. Shanghai Sanmao owns 16 holding companies and 4
branches. These companies mainly deal with import & export trade,
real estate investment, modern estate management, development and
management of real estates, sale of wool textile and relevant products
and services in network information technology, etc.In June 2006, state shares of Shanghai Sanmao were transferred to
Chongqing Light Industry Holding (Group) Co., Ltd., who now owns 25.95%
of the company’s shares for Shanghai Sanmao’s largest shareholder.
Through uniting the East and the West and industry revolution, Shanghai
Sanmao has commenced a new round of fast growing process. In accordance
with the development strategy and overall orientation, Shanghai Sanmao
will mainly develop the import & export trade and modern estate
management in Shanghai and emphasize developing new type manufacturing
or other pillar industry in Chongqing and other regions.
This year 2008 is a crucial year for company strategy transformation
and developing new capital investment. Based on our company’s high
commercial reputation and marketing sharing, full and accurate
developing resources and long-term business philology, our company
welcomes the people in all circles to joint us for cooperation and
development together.