About Yinchuan Xinhua Commercial Company

The company was approved by Ningxia Hui Autonomous Region People's Government No. 88 (1996), and was established by Yinchuan Xinhua Department Store as the main sponsor, in conjunction with Ningxia Great Wall Machine Factory (now renamed Ningxia Sharing Group Co., Ltd.), Ningxia Pharmaceutical Factory (now renamed Ningxia Qiyuan Pharmaceutical Co., Ltd.), Ningxia Sugar, Wine and Side Foods Corporation (now shares transferred to Ningxia Hualian Commercial Building Co., Ltd.), Yinchuan Telecom Bureau Shunda Development Company (now renamed Ningxia Communications Service Co., Ltd.), and registered 2,550 capital at the time of establishment. 10,000 yuan. It is mainly engaged in commercial retail, logistics and commercial property rental business. The retail business mainly involves department stores, shopping malls, supermarket chains, electrical appliances and communications chains. Corporate honors: Company honors include 41st place in the market capitalization ranking of listed companies in the A-share retail industry in the first half of 2016, excellent housing provident fund depositors, 8th place in Ningxia's top 100 enterprises, and 302nd place in the 2013 China Top 500 Service Companies. During the reporting period, 37 new stores were opened in the supermarket business, including 7 large stores and 30 super convenient stores.