Established in Feb 1995, Shanghai Shenda (Group) Co., Ltd(SSGCL). owns total assets of RMB 5.2 billion and its net assets amount to RMB 1.8 billion. SSCL realized sales amounts to RMB 4.295 billion with total profit RMB 84.27 million in 2000, that it is one of the larger-scale enterprises of Shanghai Textile System and among the first batch of trial units that carry out modern enterprise system in Shanghai. It was listed as the first batch of key large-scale groups supported by Shanghai Municipality. Through several-year adjustment and development, SSGCL has been classified as one of China's top 520 industrial enterprises and 33 groups aided by State Economic & Trade Commission of P.R.C. SSGLC emphasizes on textile manufacturing and import and export trading business. Its main products include top-grade traditional textile products such as high-count yarn, high-density textile, fine printing and dyeing and spinning woolen fabric etc. There are other products specialized in industries and automotive decoration, i.e. geotextile, filter cloth and bolting cloth, as well as all kinds of threads, straps and ropes etc. At the same time it also own a series of famous brands such as "Fei Lung", "Ming Xun", "Huo Ju", "Golden Bear" and "Zhang Hua". SSCL has made great breakthrough on the Import & Export and overseas business during recent years, and its I&E business spread over tens of countries and regions such as Europe, America, Africa, Southeast Asia and Japan. In 2000, It achieved USD228 million on exporting