Xinxing Jihua Group Co., Ltd.
Address: Fortune Financial Center, No. 5 East Third Ring Road, Chaoyang District, Beijing
Company website: https://jihuachina.com/jihua/index.htm
Company Overview
The predecessor of Jihua Group Co., Ltd. was a military supply and clothing enterprise of the Chinese People's Liberation Army. Its history can be traced back to 1927. It has made important contributions to the development of our army. In 2000, in order to adapt to the requirements of military support under the new situation, in accordance with the deployment of the Party Central Committee, the State Council and the Central Military Commission, the army transferred some support enterprises to Xinxing Casting and Tube (Group) Co., Ltd. for management. In 2006, Jihua Light Industry Group Co., Ltd. was established to coordinate the management of its light industry production enterprises. On June 26, 2009, it was reorganized and restructured to form Jihua Group Co., Ltd., and was listed on the Shanghai Stock Exchange on August 16, 2010, raising 4 billion yuan and becoming a listed company in the field of military supply and clothing. In the nearly 100 years of development, Jihua has always actively implemented the development mission of "protecting the army, responding to emergencies, and serving the people". Through continuous innovation of development models, focusing on reform and innovation, and building product brands, the company's influence in its industry and industry is continuously enhanced. At present, the company has become one of the important domestic production bases and integrated system service providers for standard uniforms and footwear for military supplies, armed police, work uniforms, and trade uniforms, with an annual production capacity of 56 million sets of various types of clothing, 28 million pieces of apparel products, 75 million pairs of footwear, 178 million tons of various yarns, 57 million meters of grey fabrics, and 74 million meters of printed and dyed fabrics. It has more than 50 wholly-owned and holding subsidiaries, distributed in 23 provinces, municipalities, autonomous regions, the Hong Kong Special Administrative Region, and Europe, with an asset scale of over 31 billion yuan. In the field of military supplies and bedding, Jihua undertakes about 50% of the production tasks of military supplies and armed police bedding products, and has excellently completed the support tasks of the PLA's various uniform changes and military parades; in the field of workwear distribution, Jihua maintains a strategic cooperative relationship with the main suppliers of the professional clothing market of 15 national uniform units, and has undertaken the workwear production and distribution tasks of a number of central enterprises; in the field of foreign trade and export, as a company with military supplies export qualifications in the field of domestic military supplies and bedding, Jihua responds to the national strategy and actively carries out domestic trade around the upstream and downstream of the main business industry chain and international trade mainly based on military supplies exports, and exports clothing, shoes, equipment and other military supplies and civilian footwear products to many countries and regions such as Europe, Africa, and America; in the field of emergency support, Jihua has become the country's "first response" force at the first time with its accumulated logistics material support over the years and its advantages in industrial layout radiating across the country. In the emergency support such as the Wenchuan earthquake, the Beijing flood, the fight against SARS, and the fight against the new crown, it has launched the emergency rescue mechanism for earthquake relief and disaster relief, and has become a "Jihua brand" that the people in the disaster areas can trust with ease. Over the years, Jihua has continuously increased its investment in scientific research to enhance the company's competitiveness in the industry. The company has 2 national enterprise technology center branches, 2 national industrial design centers, more than 40 professional research centers of various types, and more than 2,400 scientific and technological personnel. It undertakes 2 national key R&D plans and participates in 4. There are 4 military open projects. It has more than 2,300 valid patents and more than 450 invention patents. It has a high leading advantage in the fields of bulletproof and flame-retardant material research and development and application, standard footwear and clothing research and development, and participation in major national projects. With the development of the company, Jihua has established a diversified business parent-child brand architecture system with the "Jihua" brand as the parent brand, and enjoys a high reputation in the military and police support, line matching and workwear markets. In order to better adapt to the development of diversified enterprises, Jihua has carried out a series of major reforms in development models, organizational structures, corporate governance, etc., and has formed rich experience in mergers and acquisitions, corporate restructuring, and the use of capital markets. In terms of strategic management, leadership development, financial value creation and other headquarters construction, it has established a management model suitable for its own characteristics. At present, Jihua is implementing the "14th Five-Year Plan" development strategy, based on its main business and serving the national strategy, with the goal of building a first-class light industry military and civilian support industry development platform, highlighting high-quality development, strengthening innovation leadership, optimizing resource allocation, cultivating and consolidating core industries, maintaining a leading position in the industry, providing customers with high-quality products and services, continuously enhancing shareholder value, and striving to create a better future.