| Company Profile: |
Founded in June 1986, Fujian Hua Min Import & Export Corp. was formerly a large-scale and state-owned comprehensive foreign trade enterprise in Fujian Province. It was restructured from a state-owned enterprise to a limited liability company and renamed to Fujian Hua Min Imp. & Exp. Co., Ltd. (the Company) in May 2003, with the registered capital of RMB 60 million yuan. There are currently more than 3,000 staff members and workers in the Company. Its total assets and annual turnover had reached RMB 1,500 million yuan and RMB 6,000 million yuan respectively by the end of 2007.
There are six functional management departments in the Company: General Office, Documents & Customs Clearance Department, Planning & Finance Department, Import & Export Department, Investment Management Department and Funds Management Department, under which there are 28 trading subsidiaries and 10-odd share holding companies, including such trading type of companies as Fujian Hua Min Overseas Employment Service Center, Fujian Hua Min Medical Equipment Co., Ltd. and six other import and export companies based in Shanghai, Jiangsu, Xiamen, Putian, Jinjiang and Shishi, in addition to two production-and-marketing integration companies: Nanping Hua Min Automobile Fitting Industrial Co., Ltd. and Sunny Time ForestryDevelopment(Fujian)Co., Ltd., which are engaged in production of parts and components for automobile engines and forest resource exploitation respectively. In order to expand its overseas markets, the Company set up two wholly-owned subsidiaries overseas, that is, Wide China Trading Ltd. (HK) engaging in trading business and Hua Min (Russia) Co., Ltd. in production and sales of footwear. Besides, never losing a single opportunity for diversified investments, the Company successfully purchased and acquired a 12-floor property, storefronts and parking places, all of which are located in Fuzhou World Jinlong Building and come to an area of 27,000 m2. In addition, the Company has started up its ventures in the exploitation of mineral resources and the development of biological science and technology.
Export and Import: leading
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