Is happiness group a pyramid scheme?

Happiness group is not a pyramid scheme. Happiness Group Company was incorporated in Qianjiang Administration for Industry and Commerce on February 8th, 1994. The legal representative is Zhou, and the business scope of the company includes the production and sale of various garments (including silk garments), accessories and textiles.

I. Happiness Group

/kloc-in the summer of 0/979, Zhou, a 39-year-old farmer, stood pitifully outside the gate of Wuhan Hongqi Garment Factory, carrying bamboo poles and luggage. After some efforts, Lin Yimin, the chief technician of Hongqi Factory, was finally moved and accepted this special apprentice as an exception. Three months later, Zhou hung the "10000.com/ clothing factory" sign in a small warehouse in Xingfu Village. In the first year, seven sewing machines for seven people set an output value of 20,000 yuan and a profit of 5,000 yuan. Since then, the talent in clothing has been fully exerted. 199 1 year, happiness village and garment factory village enterprises merged to form happiness group, and Zhou served as chairman and general manager of the group.

Second, the company history

1992, Happy City Credit Cooperative established by Hubei Qianjiang and Happiness Group, has been acting as the "cash machine" of the group since its establishment. If Zhou keeps following the path of clothing, the gold content of his "golden scissors" may be higher and higher. However, after the integration of village enterprises, Zhou took the lead in proposing the goal of building a "China" and a modern and happy village, and successively invested 30 million yuan to build a well-organized farmland development zone and 200 country villas. 1993, Zhou accidentally learned that aluminum was very popular and immediately decided to build an aluminum factory. In just eight months, he invested1.200 million yuan and built a factory with a daily output of 10 tons.

Happiness Group has 22 industrial and commercial enterprises with total assets of 2.57 billion yuan, which is a typical "cross-regional, cross-industry, cross-ownership and cross-border" enterprise group. According to the information provided by the company, in the past 20 years, Happiness Group has created a number of firsts: the largest township enterprise in Hubei Province; "Happiness Industry" was listed on the Shanghai Stock Exchange on September 9, 1996, becoming the first share of village enterprises; Has the largest aluminum factory and aluminum factory in Hubei Province; Happiness Power Plant is the largest private power plant with Internet access.