Shenghua (Group) Holding Co., Ltd. is situated in Deqing, Huzhou City, Home of Rice and Fish and Threshold of Silk Road, where Yangtaz river finds its sub-way to Tai Lake. It is a state-level high-tech enterprise as well as a backbone of Zhejiang Province. In the past 13 years, since 1989, the company has developed into a core enterprise engaging in the business of biochemistry, fine chemistry, synthetic chemistry, decorating materials and papermaking and other supporting industries as investment, real estate, hotel services and international trade. A multiple, trans-regional and interactive development pattern has been formed.

Currently, it exclusively holds one company listed on the domestic stock exchange market and one large-scale corporation and owns exceedingly 50% of the shares over other ten companies. A wide rang of products are being produced with its knockouts of Abamectin, Colistin Sulfate, Ivermectin, Maduramicin, Diclazuril and new decorating materials, pigments, paints and multi-purpose newsprints and a series of Zr products. Among these, Colistin sulfate and other 7 technology-intensive new products filled the void nationwide. Inclusively, the environmental-friendly decorating plywood with trademark of "Moganshan" has obtained a symbolic certificate of Green Environment in China.

Shenghua Group, formerly named Deqing No. 2 Biochemicals Company, was established in 1984. Since 1989, the Group has been standing by the business spirit of being creative and being persistent, and fostering the development strategies of spearheading efforts to initiate science & technology and relying on the intelligence of human resources. In the past 13 years, it has maintained its business stability and healthy development very well and realized the annual average growth rate of 68%. The Group has been crowned on the terms of economic index evaluation as top enterprise among all businesses in Huzhou for the 4 successive years.

The business of the year 2001 shows an upward trend. The turnover of the Group reached 1.2 billion against RMB with a net profit margin of 160,000,000 RMB. At this moment, the total capital is about 1.4 billion. It has a total staff of 5400 among whom 25% are junior and senior technicians.

The operating mechanism Ą°Clear division between power and responsibilities, production and ownership, and Standardization & High-efficiencyĄą was executed and updated to increase core competitiveness, and realize sustainable development. Additionally, a provincial-level R & D Center was erected to fulfill technological innovation and nurture core competition awareness. 40,000,000 RMB has been invested to build this center and currently the annual R & D investment has reached millions of Chinese currency. Meanwhile, new technology-intensive, high value-added products have been developed in cooperation with elite universities and institutes, and some transnational corporations. Until recently, altogether 20 pharmaceuticals for agricultural use and animal health have been developed, among which 8 have filled the domestic void in the field of agriculture and veterinary medicine.

The companyĄŻs objectives are to Ą°forge a brand through quality and prevail over markets with itĄą. A new and well-known brand is a guarantee that all products are being produced in accordance with ISO commitments. Some knockouts have been licensed into ISO 14001 system to make sure that they can stand firm and sell well in a relatively long-term competition. In the past several years, the capability of acquiring foreign currency has been substantially strengthened. The 2001 financial highlights demonstrate that the export volume has made a breakthrough with 50,000,000 USD.

Shenghua Group will continuingly be committed to persist the general principles of High-quality, High-efficiency, Being practical and Being creative, and offer top priority to high-techs and conventional industries. We are striving in full energy to realize the second economic takeoff.

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