HuaHong Holding Group CO.,LTD.

HuaHong holding group co. ltd is a nongovernmental business. It crosses the different regions with different entities and it is externality-oriented. Since its establishment in 1998, it has developed for 7 years. Its predecessor is Zhejiang HuaHong art ware company ltd. The headquarter of the group is located in No 1, HuaHong avenue, Yinan industrial zone Yiwu City Zhejiang province. Covering more than 300，000 square meters, it has more than 4000 employees and now is the largest art ware producing base in the world. HuaHong is always keeping healthy, steady and rapid growth. Its average growth rate in the 1990s is 40%. After 2000, its average growth rate is still more than 30%. In 2004, its sales income is 250 million Yuan, among with 15 million and 280 thousand US dollars was earned by export. After continuously adjustment, development and enlargement in these 7 years, nowadays HuaHong has become a comprehensive modern company group of large scale. It mainly deals with photo frame and mirror frame, and it also deals business in the relevant field of art clocks, art glassware, plastic products and paper industry etc. It is among the largest art ware producing base and export base in China. Nowadays, HuaHong groups total asset has reached 300 million Yuan and HuaHong has more than 2400 employees. It spread its marketing network all over the world and has many steady clients in the US, Europe, Korea, Middle East, Hong Kong and UAE etc. Due to its rapid growth and outstanding achievement, it has been awarded many unusual glories and designations of credit such as the most competitive company, the champion among the producers in the frame industry of Zhejiang province, honor for brand-building, advanced tax paying company, model company in keeping its good faith, AAA level company. HuaHong, its traditional core brand is the famous brand in Zhejiang province. Nowadays, HuaHongs art ware products take the lead in domestic market. HuaHong has the largest and most comprehensive industry chain in the photo frame and mirror frame industry. It has the largest and most comprehensive business cluster in the field of art ware and family decoration. The products include art photo frame, mirror frame and related product for family decoration such as art clock and paper case etc. In 2004, it is estimated by authoritative institution that the value of HuaHong brand is as high as 1 billion Yuan, which is among the most valuable brands in China. In 2003, HuaHong is assessed as Excellent non-government enterprise by Jinhua municipal government and evaluated as the brand building company in China. HuaHong also made great contribution to the development of local economy while keeping rapid growth. It has paid more than 400 million Yuan income tax and denoted more than 1 million Yuan to the social welfare and education accumulatively since 1998. Meanwhile HuaHong is also actively making contribution to the development of the related industries and employment.