The company unswervingly implements the strategies of "going out" and "bringing in" to accelerate industrial upgrading. By integrating the production and sales resources in Europe and Asia, while maintaining the advantage of high market share in Europe, we will further expand the markets in China and Asia by introducing advanced technologies and products from DA. The newly-established Dukepu Aihua Industrial Manufacturing (Shanghai) Co., Ltd., Dukepu Aihua Trading (Shanghai) Co., Ltd. and Shanggong Sewing Machine Co., Ltd. (newly-established Shanggong), as the basic platforms for expanding and strengthening the main business of sewing equipment in China, are relying on the strong scientific research and development advantages of German DA Company to form a well-defined R&D system and further enhance the core competitiveness of the whole group.
Especially after the revolutionary reorganization of the main product industrial sewing machine, the market advantage of "Shanggong" brand industrial sewing equipment is increasingly apparent; After the overall adjustment of household sewing machine production, the newly launched Butterfly brand household computer embroidery multifunctional machine sold well at the Shanghai Light Industry Fair. The integrated and adjusted domestic sewing equipment business has become the main economic growth point of Shanggong Shenbei's main business. The Group is actively exploring new ways of financing mergers and acquisitions, and intends to seize the favorable opportunity of the rapid development of the capital market, the desire of enterprises in the same industry to cooperate and the active support of major state-owned shareholders, and promote the "Eurasian linkage" and "Yangtze River Delta linkage" and transnational operation through private placement, adjustment of production layout, and further transnational mergers and acquisitions, so as to realize the sound and rapid development of Shanghai Shengong.