Huafeng Group’s corporate profile

Huafeng Group was founded in May 1991. It is a large-scale private joint-stock enterprise focusing on new materials and supplemented by real estate, logistics, finance and other industries. It has more than 3,200 employees and total assets of more than 6 billion yuan. In 2009, the manufacturing industry achieved sales revenue of 5.683 billion yuan and profits and taxes of 798 million yuan. Its comprehensive strength has been ranked among the "Top 500 Most Competitive Chinese Large Enterprise Groups", "Top 500 Chinese Manufacturing Enterprises", "Top 500 Chinese Private Enterprises", and "Top 100 Chinese Petroleum and Chemical Industries" for many consecutive years.

Over the past 19 years, Huafeng has crossed new levels one after another through continuous development and innovation, setting many firsts in the same industry across the country.

Huafeng has now developed into the world's largest polyurethane shoe leather resin manufacturer and the largest spandex fiber manufacturer in China and the third largest spandex fiber manufacturer in the world. The company mainly develops and produces polyurethane resin (sole solution, leather resin), Polyurethane elastic fiber (spandex), microfiber synthetic leather and thermal insulation materials, aluminum foil and other series of products, two major series of products, polyurethane resin and spandex, have been rated as "Chinese Famous Brand Products" by the National Famous Brand Promotion Committee. Huafeng has five major production bases in Wenzhou, Shanghai, Fujian, Chongqing, Liaoyang and other places. It has a "national enterprise technology center", a "national industry R&D center" and two "provincial R&D centers". Four national high-tech enterprises are the drafting and formulation units of national industry standards for five major products, including superfiber synthetic leather and spandex filament.

Huafon’s unconventional and leap-forward development is hailed as a typical representative of the “New Wenzhou Model”. In 2003, Huafon Group creatively put forward the four principles of "shared goals, shared entrepreneurship, shared interests, and shared development" based on the exploration and refinement of entrepreneurial culture. As the core concept of corporate culture. Under the guidance of excellent corporate culture, Huafeng develops its enterprise without forgetting to repay the society and actively donates more than 45.5 million yuan to social welfare undertakings. It has successively won the "China Charity Outstanding Contribution Award", "National Model Enterprise with Harmonious Labor Relations", and " Honorary titles such as "Model Collective of Zhejiang Province", "Civilized Unit of Zhejiang Province", "National Demonstration Unit of Corporate Culture Construction in the Petrochemical Industry", "Wenzhou's First Vibrant and Harmonious Enterprise".

Faced with the rapidly changing market, Huafeng adheres to the industrial development strategy of strengthening its main business and moderately diversifying, adheres to the combination of industrial management, brand management and capital management, and continuously promotes technological innovation, system innovation and management innovation. and cultural innovation to achieve leap-forward sustainable development of enterprises.