The Development Course of Ningxing Holding Group

Ningbo Ningxing Company, the predecessor of Ningbo Ningxing Group Company, was approved by the municipal government in February 1988. At that time, it mainly performed the functions of the office of Hong Kong Ningxing Development Co., Ltd. and was a single project management company.

1994 10 The new leadership team of the company adjusted its business ideas and development direction, and put forward a working idea of basing itself on Ningbo, combining internal and external factors, and having four pillars and diversified business. Starting from finance, it broke through real estate, activated trade and expanded investment, and gradually changed from a single project management company under the planned economy to a comprehensive management company adapted to the development of market economy, thus starting Ningxing's first venture.

1997 proceeding from the reality of international and domestic economic development, based on domestic and international resources and focusing on domestic and international markets, the strategic goal of deepening the main business and diversified business was put forward, which enabled Ningxing Company to advance in the direction of internationalization, industrialization, collectivization and diversification, deepened the investment in the main business, strengthened the comprehensive functions of trade, finance, information and industry, and started the process of Ningxing's second venture.

At the end of 1998, according to the opinions of the executive meeting of the municipal government, Ningbo import and export company was reorganized in overall management, and the operation scale, industrial structure, management system and team building of Ningxing changed greatly, and the enterprise scale and resource scale were optimized.

1999 was restructured into Ningbo Ningxing group company in August, 15 department, 10 holding company. In accordance with the requirements of becoming stronger, bigger, more flexible and more specialized, and the organizational structure and functions of the group, an enterprise management group focusing on foreign trade, investment, domestic trade and industry will be established.

In September, 2002, with the approval of Ningbo Municipal People's Government, Ningbo Ningxing Co., Ltd., Ningbo Port Beilun Co., Ltd., Ningbo Tianxing Investment Co., Ltd. and Ningbo Ningxing Co., Ltd. jointly initiated the establishment of Ningbo Ningxing Co., Ltd. Based on the overall development strategy, the newly established Ningxing Company further improved its import and export trade, industrial investment, real estate development, logistics and warehousing, domestic trade and international cooperation. Adhering to the purpose of creating value for customers, opportunities for employees, wealth for shareholders and benefits for society, we constantly integrate resources, optimize connotation, comprehensively enhance international competitiveness, and achieve new breakthroughs and development.

In July, 2004, the reform of foreign trade system was deepened, and Ningbo Ningxing International Trade Industry Co., Ltd. was established to realize the segmented operation of foreign trade and promote the sustainable development of foreign trade. With the establishment of Ningxing International Trade Industrial Company, Ningxing Holding Headquarters gradually separated from the specific commodity operation, gradually completed the transformation of functions, strengthened the functions of strategic decision-making, supervising the operation of investment enterprises, capital operation and coordinating diversified industrial operations, formed stronger comprehensive strength and responsiveness, and better adapted to market competition.

In July 2005, the company changed its name to Ningbo Ningxing Holding Co., Ltd., and increased its registered capital to 654.38+0 billion yuan through two capital increase and share expansion. The completion of capital increase and share expansion is an important strategic measure for the company's development, an important way to break through the capital bottleneck and adapt to the transformation of the company's functions, and also lays a foundation for the company to further expand its business scale, expand its development fields and enhance its development potential.

Since July 2008, Ningxing Holdings has been hit hard by the global financial crisis. The company is United as one, and is determined to forge ahead in accordance with the guiding ideology of "overcoming difficulties, striving for survival, maintaining stability and promoting development". Qi Xin made concerted efforts to overcome difficulties and withstood severe tests, which not only made great progress in the handling of creditor's rights and debts, but also accumulated experience and lessons for promoting the stable development of the company in a complex economic environment. It also condensed and cultivated an excellent team with one mind, strong will and hard work. As a whole, the company,