Founded in June 1986, Fujian Hua Min Import & Export Corp. was
formerly a large-scale and state-owned comprehensive foreign trade
enterprise in Fujian Province. It was restructured from a
state-owned enterprise to a limited liability company and renamed
to Fujian Hua Min Imp. & Exp. Co., Ltd. (the Company) in May
2003, with the registered capital of RMB 60 million yuan. There are
currently more than 3,000 staff members and workers in the Company.
Its total assets and annual turnover had reached RMB 1,500 million
yuan and RMB 6,000 million yuan respectively by the end of 2007.
There are six functional management departments in the Company:
General Office, Documents & Customs Clearance Department,
Planning & Finance Department, Import & Export Department,
Investment Management Department and Funds Management Department,
under which there are 28 trading subsidiaries and 10-odd share
holding companies, including such trading type of companies as
Fujian Hua Min Overseas Employment Service Center, Fujian Hua Min
Medical Equipment Co., Ltd. and six other import and export
companies based in Shanghai, Jiangsu, Xiamen, Putian, Jinjiang and
Shishi, in addition to two production-and-marketing integration
companies: Nanping Hua Min Automobile Fitting Industrial Co., Ltd.
and Sunny Time ForestryDevelopment(Fujian)Co., Ltd., which are
engaged in production of parts and components for automobile
engines and forest resource exploitation respectively. In order to
expand its overseas markets, the Company set up two wholly-owned
subsidiaries overseas, that is, Wide China Trading Ltd. (HK)
engaging in trading business and Hua Min (Russia) Co., Ltd. in
production and sales of footwear. Besides, never losing a single
opportunity for diversified investments, the Company successfully
purchased and acquired a 12-floor property, storefronts and parking
places, all of which are located in Fuzhou World Jinlong Building
and come to an area of 27,000 m2. In addition, the Company has
started up its ventures in the exploitation of mineral resources
and the development of biological science and technology.
Export and Import: leading enterprise of foreign trade and big
foreign exchange earner.
The Company has instituted sound and strict systems for its
internal management and is in possession of a contingent of
high-caliber business personnel. It took the lead in passing the
accreditation of the ISO 9001-2000 Quality Control System and was
granted the accreditation certificate accordingly in 2004. As one
of the earliest companies to have passed the accreditation audit in
the foreign trade sector in Fujian Province, the Company has built
up a good image and won public praise in foreign trade industry.
During the period from the Company restructuring in 2003 to 2006,
its trade volume ranked the first in Fujian foreign trade
enterprises in successive years and stood out the 17th place among
the Fujian Top 100 enterprises. The Company s import and export
volume totaled up to RMB 640 million yuan, RMB 520 million yuan and
RMB 560 million yuan in the three years 2004-2006 respectively. It
took the 94th and the 151st places among the 200 largest
enterprises in 2004 and 2005 respectively. Hua Min Imp. & Exp.
Co. Ltd. has become a leading foreign trade enterprise and a big
foreign exchange earner in Fujian Province through the continuous
efforts made by the Company in the last few years.
Automobile fittings production: the base of automobile fittings and
a new profit-growing point.
Based on its management philosophy of advancing with assurance and
innovating audaciously , the Company purchased Nanping Automobile
Fitting Co., and became its majority shareholder with controlling
power in July 2004. Formerly belonged to China National Automotive
Industry Corporation, Nanping Automobile Fitting Co. is a large
state-owned company, and is director-general factory of China s
Automotive Industry Society s vehicular piston and ring committee
and the executive director unit of National Standardization
Technical Subcommittee s pistons and rings, specializing in
development and production of such four big categories of products
as piston rings, pistons, cylinder sleeves and piston pins used in
engines of various kinds of automobiles and motorbikes. It is the
domestically unique factory supplying piston rings, pistons,
cylinder sleeves and piston pins for vehicle engines at present.
The factory occupies a land area about 140 mu (approx. 9.3
hectares), with more than 1,300 staff members and workers,
including 170-odd professionals and technical personnel. It has
taken full advantage of vigorous demands in domestic markets and
Hua Min head office s enormous export marketing networks to expand
its markets at home and abroad, and has made and constructed itself
into a base of automobile fitting production in Fujian Province.
The sales revenue and annual net profit of the company in 2006
reached RMB 150 million yuan and about RMB 14 million
