First, insist on paying equal attention to quality products and brand management, and real estate has become the first pillar industry of the group.
It has always been the first strategic goal of Yulong Group to concentrate the superior resources of the Group and develop and expand the real estate industry. In order to make the real estate industry bigger and stronger, the Group established Zhejiang Real Estate Development Co., Ltd. Relying on international management talents, international development and operation concept and international management system, the high-end villas, luxury houses, apartments and office buildings developed by the Group in the local area have become model buildings and brand-name buildings in the city. Real estate has not only brought a lot of local employment opportunities and taxes, but also brought huge investment income to the Group, and accumulated valuable experience for the Group to further enlarge and strengthen the real estate industry and fully enter and develop the real estate industry in the national market.
Second, implement the integration and rational allocation of superior resources and quickly enter the commanding heights of the financial sector.
Financial investment is one of the key points of Yulong's development strategy in recent two years. Yulong has achieved good results in the financial investment guarantee industry through multi-pronged approach. First, the Group was specially approved by China Gold Coin Corporation and China Banknote Printing and Minting Corporation directly under the People's Bank of China as the only dual-material distributor in Zhejiang, and the largest distributor of precious metal mascot commemorative coins and medals issued by the People's Bank of China for the 2008 Beijing Olympic Games. Secondly, from a strategic point of view, the Group has made huge equity investments in China Everbright Bank, Shaoxing Commercial Bank and Shaoxing Rural Cooperative Bank. Third, we firmly grasped the actual needs of Shaoxing's highly developed private economy and small and medium-sized enterprises, and invested and established Shaoxing County Pacific Investment Guarantee Co., Ltd., which contributed to Shaoxing's economic construction and social development. The field of financial investment has become a powerful driving force and engine for the new round of rapid development of Yulong Group.
Third, it has married with the world's top 500 American Pepsi Group and entered the beverage and food market strongly.
As a social consumer goods industry, catering industry has developed rapidly with the vigorous development of domestic economy. Especially after the world famous beverage enterprises entered the China market, they immediately occupied most of the domestic markets. In view of the good brand awareness of Yulong Home Textiles in the United States, the American Pepsi Group first established a joint venture with China private enterprise Yulong Group-Hangzhou Pepsi Cola Beverage Co., Ltd., which mainly produces and sells Pepsi series drinks and snacks. Through the joint venture with PepsiCo, it not only brings more than 50% annual return on investment to the Group, but also further enhances the advanced management concept and level of the Group. The food and beverage industry has also become an important industry with great growth potential and sustainable development in Yulong Group.
Fourth, it is the largest producer and exporter of decorative fabrics in Asia and a leading enterprise in the domestic home textile industry.
Yulong is a leading manufacturer of decorative fabrics in domestic and even Asian home textile industry. According to the statistics of China Household Textile Industry Association, the production, sales and export of Yulong brand decorative fabrics, a national inspection-free product, ranked first in the country for many years. Yulong has specially built a digital home textile hi-tech park in Shaoxing Paojiang Economic Development Zone, built a national home textile key R&D center and a fashion trend testing and publishing base, forming an annual output of more than 20 million meters and more than 3 million sets of various decorative fabrics. Our products are exported to more than 70 countries and regions such as America, Europe, Australia, Southeast Asia and the Middle East, and become the most famous product supplier of Beijing Dongyi Risheng Decoration Design Company in China. At the China International Household Textile Design Competition and Expo every year, Yulong Home Textiles was awarded the highest prize in the competition-the Gold List Award and the Gold Award in the Expo. The company is also the vice president of China household textile industry.