The Company Development of Guangdong Xinhua Distribution Group

By the end of 2008, the group company had 4 branches, 15 subsidiaries, 8 directly-operated bookstores, 1 16 directly-operated sales outlets, 10 10000 square meters of self-owned business premises, and 126000 square meters of directly-operated stores. The group company has built a logistics distribution base covering an area of 30 mu in Guangzhou, including10.5 million square meters of teaching materials and books distribution warehouse, 5,700 square meters of ancillary buildings and10.3 million square meters of spot wholesale buildings. Equipment and management have reached the professional level. The second phase of the logistics base construction project is under planning. In 2003, the information system of the group company won the third prize of provincial scientific and technological progress. In 2008, the first phase of ERP/SAP project was completed, and a management platform integrating business and finance was built. In 2008, the total sales of the group company reached 2.08 billion yuan, with total assets of1/kloc-0.20 billion yuan and net assets of 260 million yuan at the end of the year.

During the Eleventh Five-Year Plan period, the group company will adhere to the business philosophy of "abiding by discipline and law, being honest and double-effect, being pragmatic and pioneering, serving wholeheartedly, paying attention to efficiency and being conscientious and dedicated", focusing on industrial development, focusing on improving market competitiveness, taking deepening enterprise system reform and circulation system reform as the driving force, and taking standardized management and refined management as the guarantee, and constantly innovating the system and mechanism. Establish an efficient information management system and logistics distribution system, comprehensively promote chain operation and collectivization construction, continuously improve the independent profitability and innovative development ability of enterprises, strive to build a publication distribution center in southern China, expand the distribution of excellent publications, meet the needs of social, economic and cultural development and the people in many aspects, and contribute to building a cultural province and a harmonious society.