The company was founded in 1940 and is a state-owned listed company belonging to the New Taipei Area. The company was listed on the Shanghai Stock Exchange in 2002, implemented a major asset restructuring and injected into the new urbanization construction business in 2009, and gradually developed into an industrial holding group integrating new urbanization construction and textile and garment businesses, with 35 wholly-owned and holding subsidiaries. The company's business layout is mainly in two major sectors: new urbanization construction and textile and clothing. New urbanization construction business, textile and garment business. Corporate honors: The company has successively won the “National Advanced Grassroots Party Organization”, “National Advanced Unit for the Construction of Spiritual Civilization”, “Jiangsu Science and Technology First Prize”, “Changzhou Five-Star Star Enterprise”, “International Famous Brand Key Cultivation and Development in Jiangsu Province”, “China's Top 100 Enterprise Award”, “Gold Quality Corporate Governance Award”, “China's Listed Company's Most Socially Responsible Award”, “National Advanced Enterprise for Party Building in the Textile Industry”, “Jiangsu Textile Technology Innovation Award” and many other honors. It has been awarded national honors such as “National Inspection and Testing Public Service Demonstration Platform” and “National Inspection and Testing High-tech Service Industry Cluster Area”.