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|Name(Chinese)||浙江省国际贸易集团有限公司||Name(English)||Zhejiang International Trade Group Co., Ltd.|
|Region||Hangzhou||Address||308 North Zhongshan Road, Hangzhou, Zhejiang|
|Nature||Other type||Type||Vice President Company|
The registered capital of Zhejiang International Business Group Co., Ltd. is 980 million yuan, which comes from the existing capital funds held by the former Rongda, Zhongda and Orient corporations. Its statutory domicile lies in 308 North Zhongshan Road,Hangzhou,Zhejiang. Its business scope under authority covers the operation and management of state-owned assets, involving foreign trade, economic cooperation, real estate, industrial investment, trading services, financial securities, and its main business--import and export trade. The Group has established broad and stable trade contacts with well-known customers in 213 countries and regions from all over the world and exported up to 210 categories of commodities, which mainly are textiles, clothing, subsidiary agricultural products, medical and chemical products, light industrial products, mechanical and electrical products, complete set of equipment, etc. It also owns 18 subsidiary holding companies of level 2 (substantially relative holding companies) and over 167 companies of all levels covered by state-owned capital. One of the subsidiary holding companies is a listed company--Zhejiang Orient Group Ltd. There are some relatively influential subsidiary companies within Zhejiang, such as Import and Export Company of Local Produce and Animal By-products of Zhejiang Province, Import and Export Company of Medicine and Healthcare Products of Zhejiang Province, Import and Export Corporation Ltd. of Cereals and Oils of Zhejiang Province, Import and Export Corporation Ltd. of Textiles of Zhejiang Province, Import and Export Corporation Ltd. of Chemical Engineering of Zhejiang Province, Import and Export Company of Metals and Minerals of Zhejiang Province and Zhejiang Zhongda Technical Corporation Ltd, which all rank high amongst regional foreign trade industries all over China. The Group has employed over 14000 workers by the end of 2010.
In 2010, the Group made stable and sound development regardless of difficulties. In 2012, the Group's sales proceeds reached 44.8 billion yuan with year-on-year growth of 6%, and its total profits reached 2.231 billion yuan with year-on-year growth of 5.23%. According to the combination of parent-subsidiary companies, the Group's total export-import volume reached 4.716 billion USD in 2012, basically maintaining the same with that of last year. The number includes 3.783 billion USD in imports and 933 million USD in exports. The group was also ranked the 232nd in the top500 list released by China Entrepreneur Confederation in 2013, the 82nd in the top500 service industries, and the 1st in local and provincial state-owned foreign trade enterprises.