After the completion of the "Third Five-Year Plan" as scheduled, the strength of the group company has been further improved, with an annual production capacity of 1 billion yards of ribbons, 18, tons of nylon filaments and 7, tons of nylon chips. The development momentum is even stronger, and it has been ranked first in the industrial output value ranking of Yiwu for many years. In 29, the total industrial output value reached 4.8 billion yuan, and the tax payment was nearly 2 million yuan. In the development process, the group company always regards innovation and transformation and upgrading as the inexhaustible motive force and source of enterprise development. Through a series of innovation activities such as mechanism innovation, management innovation, system innovation and scientific and technological innovation, it has established a scientific and standardized corporate governance structure, board operation mode and parent-subsidiary management and control system. Promulgate and implement a sound management standard system such as "Basic Law of Sanding Group" and "Complete Collection of Sanding Management System", and build an information management platform such as OA system, video conference system, ERP system, financial fund control system and automatic data collection and generation system of production line by comprehensively using various advanced management means; Invested more than 5 million yuan, established the world's largest research and development center for ribbon products and nylon products, and obtained hundreds of new products and technologies with independent intellectual property rights, and constantly implemented technological transformation, product upgrading and industrial restructuring; The group company has always combined social benefits with enterprise development, actively assumed social responsibilities, invested a lot of money, adopted advanced energy-saving technologies and equipment, intensified technological transformation, constantly updated and eliminated the original backward production capacity, and at the same time widely used new technologies and processes for energy conservation and emission reduction in new projects, paid attention to the construction of environmental protection facilities, and strictly achieved "three simultaneities" in environmental protection; The group company has also actively invested in social welfare and charity, actively returned to the society, invested in Hope Primary School, donated to support disaster-stricken areas and poverty-stricken areas, etc., and has invested more than 5 million yuan in this respect. In the development process of the group company, it has always been warmly concerned, supported and affirmed by the relevant departments and leaders of the central, provincial and municipal governments. Since 1995, it has been awarded as "AAA credit enterprise" by many banks in provinces, prefectures and cities, and "contract-abiding and trustworthy unit" by the state administration for industry and commerce. It has won more than 1 honorary titles such as national, provincial and municipal advanced private enterprises and advanced units of energy conservation and emission reduction in Zhejiang Province for many years. It has also been awarded or named by the state and relevant departments of Zhejiang Province as: state-supported high-tech enterprises, national torch key high-tech enterprises, Zhejiang patent demonstration enterprises, Zhejiang learning enterprises, Zhejiang green enterprises, etc. "Sanding" brand trademark and "Huading" brand trademark were successively rated as "Zhejiang Famous Trademark", and "Sanding" brand trademark was also rated as "China Well-known Trademark". A number of central and state leaders, provincial and ministerial leaders, and municipal leaders came to inspect and guide the work, and have been the enterprises contacted by the main leaders of Yiwu.

Sanding Ribbon Group, a subsidiary of the group company, is the world's largest ribbon enterprise, with nearly 1, looms and the world's largest ribbon research and development center in the industry. It has taken the lead in passing the ISO91 quality management system and ISO14 environmental management system certification in the same industry, and its products are exported to more than 2 countries and regions in the world. Huading nylon group is the largest nylon production enterprise in China, an enterprise certified by ISO91 quality management system and ISO14 environmental management system, and the largest import and export enterprise in Jinhua. Its enterprise scale, equipment and technical advantages have formed a strong leading position in this industry.