The company was founded in 1992 and listed on the Shanghai Stock Exchange in 1994. Its main business is wholesale and retail of commercial department stores. Ningbo Zhongbai Co., Ltd. Second Department Store is a large department store retail store in Ningbo. It mainly deals in various products such as gold watches, bedding, knitted textiles, men's and women's fashion, shoes, bags, food, etc. The company has been repeatedly rated as a provincial and municipal civilized unit and advanced enterprise, and has also been honored by relevant state departments as “National 100 Cities and 10,000 Stores Free Demonstration Store”, “Commercial Distribution Industry Integrity Demonstration Enterprise”, “Advanced Consumer Consulting Service Unit for Commercial Enterprises”, “China's Famous Commercial Brand Enterprise”, and “National Commercial Service Industry Safe and Secure Consumption Place”.