The company was founded in 1987 and is located in Taiyuan Street, the busiest commercial district in Shenyang. It was listed on the main board of the Shenzhen Stock Exchange in 1997, pioneering commercial transformation in Shenyang; completed the second phase of expansion and transformation in 2000, taking the lead in the successful leap from traditional department stores to modern commerce in the city; completed the third phase of expansion and transformation in 2010, with a total construction area of 0.24 million square meters, making it the most popular modern, multi-functional, one-stop service department store in Northeast China integrating product sales, leisure and fitness, catering and entertainment. In 2019, Liaoning Fangda Group Industrial Co., Ltd. became the company's largest shareholder, and ZTE opened a new chapter of development. The company's main business is commercial retail, and its business formats include department stores, supermarkets, convenience stores, online shopping platforms, etc. The company's business models include joint ventures, self-employment, and property leasing, etc., with the joint venture model as the main one. The company has received honors such as “National Demonstration Store with 10,000 Stores in 100 Cities”, “National Integrity Unit”, and “National Advanced Unit for Civilized Business”. It has successively won many national honorary titles such as the National “May 1st” Labor Award, “National Customer Satisfaction Enterprise”, “National Advanced Unit for Civilized Business”, and “National Integrity Unit”.
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