Shangfeng Group Co., Ltd. was founded in 1994. It is a cross-regional company whose main business is the production of paper product packaging and printing, integrating real estate development, cement building materials, industrial investment, landscaping and other industries. , a cross-industry private joint-stock enterprise group, is one of the largest paper packaging production bases in the country. The group has 5 holding companies under its jurisdiction, including Zhejiang Shangfeng Packaging Co., Ltd., Shangfeng Group Zhuji Real Estate Co., Ltd., etc. The group covers an area of ??180,000 square meters and has more than 1,000 employees. It is headquartered in Ciwu Science and Technology Industrial Park, Zhuji City, the hometown of Xishi. The interchange of Hangjin Provincial Highway and Hangjin-Qu Expressway runs through the factory area, and is 38 kilometers away from Hangzhou International Airport.

The group is the vice-president unit of China Packaging Federation, a leading enterprise in China's packaging industry, a national key high-tech enterprise, and one of the first batch of green enterprises in Zhejiang Province. "Shangfeng" products are famous brand products in China's packaging industry, and the "Shangfeng" trademark is a well-known trademark in China.

Zhejiang Shangfeng Packaging Co., Ltd. is the core holding company of Shangfeng Group. It is a packaging and printing enterprise specializing in the production of corrugated boxes, environmentally friendly paper molds, and offset printing products. The company has world-leading packaging imported from Europe and the United States. Printing equipment, fully implemented and completed the construction from equipment automation to production process automation. The company passed ISO9001 quality management system certification in 1997, passed ISO14000 environmental system certification in 2000, passed the provincial clean production audit, and built an efficient and orderly production The operation and service guarantee system can continue to meet customer requirements; the company has a team of highly skilled and high-quality professional and technical personnel and management teams, and has established a complete research and development and technological innovation system. Many of its independently developed products are listed in the National Torch Program projects, national key new products, and won provincial science and technology progress awards and multiple national invention patents; the company actively builds Shangfeng service brands and provides well-known domestic and foreign products such as Wahaha, Coca-Cola, Samsung, Foxconn, IKEA, Panasonic, and Nongfu Spring. The brand provides one-stop supporting services and establishes strategic partnerships with it.

In 2007, the group put forward the strategic goal of "catching up with the world's advanced packaging and printing level and creating a world-class and domestically leading packaging and printing demonstration enterprise", and increased investment in technological innovation, successively starting from Italy and Germany. The introduction of advanced packaging and printing equipment and the construction of an offset printing plant of 50,000 square meters will lay a solid foundation for the successful realization of the goal of creating a national packaging and printing demonstration enterprise in the next 3 to 5 years.

On August 27, 2012, Shangfeng Group Co., Ltd., Zhejiang Jinchang Investment Management Co., Ltd., the actual controller of *ST Tongcheng, and *ST Tongcheng signed the "Framework Agreement on Major Asset Reorganization of Listed Companies" . According to the agreement, *ST Tongcheng's asset restructuring includes asset acquisition and sale, which are prerequisites for each other. *ST Tongcheng purchased 100% of the equity of Zhejiang Shangfeng Building Materials Co., Ltd. owned by Zhejiang Shangfeng and Tongling Nonferrous Metals Group Holdings Co., Ltd., Zhejiang Furun, Southern Cement Co., Ltd. and other equity holders through a non-public issuance of shares. , 35.5% stake in Tongling Shangfeng Cement Co., Ltd.