1998 acquired Heilongjiang Daqing blanket factory and began to produce and sell raschel blankets.
In 2000, land was requisitioned 160 mu in Xujiang industrial zone, Yiwu, and the Raschel blanket production line was expanded.
In 2000, the Party branch of Zhejiang True Love Wool Textile Co., Ltd. was established.
200 1, all the blanket production lines were moved to xujiang industrial zone, with sales exceeding 100 million and exports exceeding 10 million dollars.
In 2002, it was approved as the first bonded warehouse in Yiwu and started large-scale processing trade.
In 2003, Jin Dong Development Zone in Jinhua City expropriated 170 mu and established Zhejiang True Love Artificial Fur Co., Ltd.
In 2003, Zhejiang True Love Group Co., Ltd. was established.
In 2003, the group stepped out of the "family management" mode and hired professional managers to realize the separation of management rights and ownership.
In 2004, Yiwu True Love Real Estate Co., Ltd. was established, with the first investment of 654.38+0.2 billion yuan to develop the Oriental International Village project.
In 2004, Zhejiang Fuyue Holding Group was established with four private capitals.
In 2005, Fuyue Group, on behalf of Zheshang, advanced to Shanghai Beach and successfully acquired the famous "Meihua" Group in Shanghai, turning losses into profits within one year and reviving the century-old enterprise.
In 2006, True Love Group established True Love (America) Trading Co., Ltd. in the United States.
In 2006, Zhejiang True Love Artificial Fur Company invested more than 654.38 billion yuan to carry out large-scale technical transformation, producing and selling coral fleece and polyester blankets.