Nanjing Xinbai was founded in August 1952 and has gone through more than 60 years of ups and downs. It is one of the top ten department stores in China and the first commercial enterprise listed on the stock market in Nanjing. "Xinbai" has been recognized by the Jiangsu Provincial Administration for Industry and Commerce as a well-known service trademark in the province. The group is supported by the Chinese National Administration for Industry and Commerce.
1. Nanjing Xinbai's History and Profile
Nanjing Xinbai is a large-scale retail enterprise, one of the top ten department stores in China and the first commercial enterprise listed on the stock market in Nanjing. In 2011, the group achieved sales of 4.077 billion yuan.
2. Nanjing Xinbai Pharmaceutical Co., Ltd.
Nanjing Xinbai Pharmaceutical Co., Ltd. is a private enterprise. It was formerly known as Nanjing Biochemical Pharmaceutical Factory and was established in 1958. It is one of the earliest key bio-pharmaceutical companies in China. In 2001, Nanjing Xinbai Pharmaceutical Co., Ltd., the first listed company in Nanjing, invested in the biochemical pharmaceutical factory.
3. Ningxia Xinbai Group
Ningxia Xinbai Group is a state-owned enterprise. Xinbai Group was founded in 1952 and has gradually developed into a large-scale retail enterprise after the restructuring of Ningxia state-owned department stores. Xinbai Hualian department store in Yinchuan was transformed into a joint-stock company on January 3, 1997.
4. Nanjing Xinbai's Business and Development
Nanjing Xinbai is a retail chain department store that focuses on middle and high-end brand management and also provides catering and entertainment services. It focuses on restructuring organizations and processes to achieve separation between the group and central stores, strengthen control over subsidiary companies, and initially establish a modern commercial and trade group platform.
Conclusion
In summary, Nanjing Xinbai is a well-established retail enterprise and one of the top ten department stores in China. It has a long history and has been recognized as a well-known service trademark. Nanjing Xinbai's business includes both the retail sector and pharmaceutical sector, and it has subsidiary companies in different regions. While Nanjing Xinbai is a private enterprise, Ningxia Xinbai Group is a state-owned enterprise. Both companies have made significant contributions to the development of the retail industry in their respective regions.