About Xinjiang Youhao(Group)Co.,Ltd. Company

The company's predecessor was Urumqi Friendship Shopping Mall. It was founded in 1958 and is an old state-owned commercial retail enterprise. The original site was renovated and expanded with the approval of the Urumqi Municipal People's Government in 1987, and put into operation in 1989; Urumqi Friendship Shopping Mall Co., Ltd. was restructured and established in 1993, and its shares were listed on the Shanghai Stock Exchange in 1996. In 1998, a strategic asset restructuring was carried out, and a strong alliance was formed with Tianshan Department Store in Urumqi to form Xinjiang Youhao (Group) Co., Ltd. The company's main business is commercial retail business. The business formats include department stores, shopping centers, large integrated supermarkets, standard supermarkets, supermarkets, convenience stores, etc. The company's business model is currently dominated by joint ventures, supplemented by self-employment and leasing. With the transformation and upgrading of the commercial retail industry, the company has gradually expanded its share of the leasing business in recent years. The main product categories covered by the company's joint venture model include men's and women's clothing, shoes and hats, baby clothing, household goods, jewelry, watches and glasses, cosmetics, household appliances, food and daily necessities; the main categories involved in the self-management model include some cosmetics, some household appliances, some fresh fruits and vegetables, snack foods, imported food and daily necessities; the main projects involved in the leasing model include catering, children's amusement, culture and education, entertainment and leisure, and some apparel department stores and miscellaneous goods. The company won honors such as the “2015 Economic Contribution Award”, “Municipal Safety Unit”, “Contract-abiding and Credit-worthy” Chairman's Unit, and the 2015 National Solidarity Model Unit.