Official Media Coverage
Official Media Coverage
[Profile of Zhejiang Huaxing Group Co., Ltd.] The company’s headquarters is located at No. 855 Qianwang Street, covering an area of nearly 350,000 square meters, with a floor area of 150,000 square meters and total assets of nearly RMB 800 million. The company grew out of Lin’an County Huaxing Garment Factory, which was established in 1987. In March 1996, the enterprise was incorporated as Hangzhou Lin’an Huaxing Garment Co., Ltd. In December 1999, it merged with the former Zhejiang Province Lin’an City Foreign Trade Company. In September 2000, the enterprise was renamed Zhejiang Huaxing Garment Co., Ltd. In August 2002, Zhejiang Huaxing Garment Co., Ltd., Chen Fanghua and others contributed capital to establish Zhejiang Huaxing Group Co., Ltd. After nearly 20 years of development, while specializing in and expanding its range of export garment products, the company has extended into six major industries — international trade, garment manufacturing, polyester chemical fiber, auto mall, hydropower generation and real estate development — and has become a large, technology-based and diversified private enterprise integrating research, industry and trade. It has 18 subsidiaries and member enterprises and 2,000 employees. Its garment division has produced more than 3 million pieces (sets) of export garments annually for three consecutive years and passed the ISO9001:2000 quality system certification in 2001; it is one of the largest workwear production bases in China.
In 2006, the Group recorded an output value of RMB 867 million, sales revenue of RMB 856 million, profits and taxes of RMB 52.56 million, and export earnings of nearly USD 34.6 million. Its member enterprise Zhejiang Huashun Polyester Industry Co., Ltd. became a high-tech enterprise of Lin’an City, and the company was listed by the Hangzhou Municipal Economic and Trade Commission as a key industrial enterprise of Hangzhou.
[Successful Development of “Down-like Fiber”] On August 15, 2006, the company’s “down-like fiber” was certified as a provincial-level new product. The product won unanimous recognition from scholars, experts and relevant officials from Zhejiang Sci-Tech University, Donghua University in Shanghai and the Zhejiang Chemical Fiber Association; its production technology has reached the leading domestic level, and it is a good substitute for natural down. Made from recycled waste PET bottle flakes, it fills a gap in this field in China. In the second half of 2006, the product generated sales revenue of RMB 56.74 million and profits and taxes of RMB 14.36 million.
[Opening of Huaxing Auto Mall and the Used-Car Trading Market] On October 13, 2006, the opening ceremony of Huaxing Auto Mall and the used-car trading market was held. Huaxing Auto Mall and the used-car trading market are among the major commercial projects approved by the municipal government. Huaxing Auto Mall represents a total investment of RMB 120 million and covers 150 mu (about 10 hectares); it houses 20 4S auto showrooms built to international standards, can display 500 vehicles indoors at the same time, and is home to 18 auto dealers conducting business and transactions, bringing together more than 50 brands of sedans, business vehicles, SUVs and minibuses, including BMW, Mercedes-Benz, Audi, Honda and Chery. It also has a 1.5-square-meter outdoor parking lot.
The Huaxing Used-Car Trading Market represents a total investment of RMB 20 million and covers 8,000 square meters. It comprises a 3,000-square-meter indoor used-car trading hall, a 5,000-square-meter outdoor parking lot and related supporting facilities, and can accommodate 20 business operators trading on site at the same time. It is the only enterprise in Lin’an City qualified for used-car trading that has been approved by the competent department and filed with the provincial and municipal economic and trade commissions.
[Holding of the Second Huaxing Auto Show] On October 13, 2006, the Second Huaxing Auto Show was held, running for three days. As one of the major events of the Fifth China Tianmushan Forest Tourism Resources Expo, it brought together 50 brands including BMW, Mercedes-Benz and Audi and nearly 500 imported and domestic vehicles, attracting more than 70,000 visitors from Lin’an City and neighboring counties and cities to view, inquire about and buy cars. A total of 105 new cars and 7 used cars were sold, with a transaction value of RMB 15 million — setting three records for Lin’an’s auto industry in transaction volume, transaction value and number of participants.
[Holding of the First “Huaxing Auto Baby” Selection Contest] On October 15, 2006, the final of the first “Huaxing Auto Baby” selection contest, jointly organized by the Organizing Committee of the Fifth China Tianmushan Forest Tourism Resources Expo, the Lin’an Municipal Trade Bureau and Zhejiang Huaxing Group, took place at Huaxing Auto Mall. After preliminary and semifinal rounds, 12 contestants reached the final. Li Xuan of Zhejiang Forestry College won the title, Chen Lilian of Zhejiang Forestry College was the runner-up, and Yang Yun of Zhejiang Huaxing Group Co., Ltd. finished third. The winner received a top-specification Chery QQ car provided by Zhejiang Huaxing Group.
[Completion of the Huaguangtan Third-Level Huaxing Hydropower Station] In September 2005, the Huaguangtan Third-Level Huaxing Hydropower Station, with a total investment of RMB 50 million and an installed capacity of 5,000 kWh, completed its basic construction. After three months of equipment commissioning, it was connected to the grid and began generating electricity in January 2006. By the end of that year, the station had generated 11.75 million kWh and achieved an output value of RMB 4.98 million. (Yu Mingzhao)
Source: Lin’an Government website: https://www.linan.gov.cn/art/2010/8/12/art_1366312_11334609.html
