Huatang Yanghuatang Commercial Co., Ltd. is China's first joint venture chain commercial enterprise approved by the State Council for the first time. It was established on October 7, 1997, with a total investment of US$130 million and a registered capital of US$65 million.
The company is jointly funded by Japan's Ito-Yokado Co., Ltd., China Huafu Trade Development Group Corporation, Itochu Corporation, and Itochu (China) Group Co., Ltd. ***, with investment ratios of 75.75%, 12%, 10.58%, respectively.
1.67%.
The business scope of Huatang Yanghuatang Commercial Co., Ltd. is: department store retail, import and export, and reinvestment business in establishing directly operated chain stores. In the department store retail industry, large-scale comprehensive shopping malls (GMS) are the main business format.
Huatang Yanghuatang has always kept in mind its historical mission of introducing foreign capital to pilot commercial chain operations, with the purpose of promoting the modernization of China's circulation industry, and from the customer's perspective, integrating advanced management technology, management experience, and services from the international retail industry.
The spirit is combined with China's specific conditions, fully committed to standardized and modern chain operations, and strives to contribute to the development of China's economy and the improvement of the modernization level of the circulation industry.
Today's circulation industry is in a period of drastic change, and the market environment it faces is increasingly showing comprehensive and profound "buyer's market" characteristics.
In order to adapt to this change, Huatang Yokado adheres to the company belief of "honesty", starts from the customer's standpoint, integrates the advanced management ideas and technical means of the times, strives to explore the essential laws and concepts of the circulation industry, and actively promotes circulation
The reform of the industry has enabled the circulation industry, which takes the needs of customers as its origin and final destination, to be realized in real life.
At the same time, Huatang Yanghuatang also strives to pay attention to its own social mission, faithfully fulfill its corporate social responsibilities, and make due contributions to creating a prosperous and healthy social life!
Japan's Ito-Yokado Co., Ltd. Ito-Yokado was founded in 1920. In 2005, SEVEN&I was formed with it as its core member, jointly with 7-11 convenience stores, Dennis restaurant chain, Sogo Department Store (SOGO), and Seibu Department Store.
) Holding Group is the largest retail enterprise group in Asia. Its business operations include large-scale comprehensive supermarkets, convenience stores, department stores, supermarkets, cheap stores, and specialty stores, and has successfully entered the e-commerce and financial industries.
In 2008, the group's operating areas covered 18 countries and regions around the world, with a total of more than 35,000 stores, ranking first in the world's retail industry. The group's sales exceeded US$77 billion, ranking among the top among the Fortune Global 500.
China Huafu Trade Development Group Co., Ltd. China Huafu Trade Development Group Co., Ltd. is a large-scale trading enterprise group directly under the jurisdiction of the State-owned Assets Supervision and Administration Commission of the State Council. It has a registered capital of 500 million yuan and mainly operates sugar, meat, alcohol and other non-staple food products.
It is responsible for the national reserve tasks of sugar, meat and other key commodities in the market.
The group's backbone enterprises include China Sugar and Liquor Group Corporation, China Food Group Corporation, Huashang Reserve Commodity Management Center, etc. Among them, China Sugar and Liquor Group Corporation is the largest domestic sugar business enterprise and sponsors the National Sugar and Liquor Commodity Exchange.
It will be one of the largest commodity trade fairs in China and enjoys a high reputation at home and abroad.
Huafu Group also has more than 70 holding and joint-stock companies, with total assets of 3.7 billion yuan.
ITOCHU Corporation and ITOCHU (China) Group Co., Ltd. Founded in 1858, ITOCHU Corporation currently has annual sales of more than 100 billion U.S. dollars, ranking among the top among the Fortune Global 500.
Since ITOCHU formally established direct trade relations with China in 1972, it has always ranked first among Japanese general trading companies in business activities with China. Its business scope includes warehousing, containers, automobile transportation, international transportation, customs procedures and shipping, insurance,
information systems, etc., and has established its own logistics network running from north to south in the most critical logistics field of China's trade.
Huatang Yanghuatang faithfully implements the company philosophy of "honesty", respects the equal rights of every member of society to pursue a better life, actively advocates and enthusiastically participates in building a society that everyone can join easily and happily.
In daily business activities, we always keep in mind our responsibilities as a corporate citizen and conscientiously fulfill our basic obligations to society in terms of paying taxes, creating job opportunities, protecting the environment, and promoting community development.
At the same time, in the contact with customers, we pay careful attention to the hot topics that people care about in life, constantly brew and carry out a series of social and cultural activities, and make contributions to the country and society.
Aiding disaster-stricken areas In the 1998 flood relief emergency rescue operation, Huatang Yanghuatang joined hands with the China Charity Federation and the Beijing Morning Post to take the lead in launching fundraising and charity sales in the capital's business community, and actively donated money to support the disaster-stricken areas.
The picture shows Yan Mingfu, then president of the China Charity Federation, personally issuing a donation certificate to IY China general representative Yao Zhaoyan (then general manager).
During the fight against SARS in 2003, Huatang-Yokado teamed up with Japan's Ito-Yokado and 7-11 Co., Ltd. to donate 800,000 yuan and special masks worth 3.7 million yen to the Beijing Civil Affairs Bureau to express their gratitude.
Deep concern and strong support for the Beijing Municipal Government and people in their fight against SARS.
The picture shows Wu Wenyan, deputy director of the Municipal Civil Affairs Bureau, and Mai Canghong, the general representative of IY China (then general manager) taking a group photo at the donation ceremony.