Lianyungang Ruyi Group Co., Ltd. (000626)

Lianyungang Ruyi Group Co., Ltd. (000626)

Lianyungang Ruyi Group Co., Ltd. started its business in 1994, aiming at the industrialization and internationalization of China's agriculture, taking industry serving the country as its own responsibility, adhering to the enterprise spirit of "people-oriented, self-reliance and self-improvement", seeking truth, innovation, diligence and dedication. Ruyi group is located in Lianyungang, Jiangsu Province, China, the east bridgehead of the new Eurasian Continental Bridge. It is a comprehensive enterprise group with the main business of planting, processing and exporting agricultural and sideline products, integrating trade, industry and agriculture, and integrating production, processing and marketing.

In September 1996, Lianyungang Laifu Ruyi Food Co., Ltd., one of the core enterprises of the group, obtained the ISO9002 quality system registration certificate for quick-frozen vegetables. In November 1996, the shares of Ruyi group were issued and listed in Shenzhen Stock Exchange. In December 1996, the group established "Lianyungang weizhisu Ruyi Food Co., Ltd." with a joint venture with Japan weizhisu Co., Ltd., forming an annual production capacity of 4000 tons of prepared food. The products are directly sold to the Japanese market.

Ruyi Group actively develops the international market and steadily develops the domestic market. At present, it has established business cooperation with more than 200 customers in more than ten countries and regions, such as Japan, South Korea, the United States, Canada, Germany, Southeast Asia, etc.

In 1999, Ruyi group successfully acquired 52% equity of Zhejiang Yuanda trading company, one of the best import and export enterprises in Ningbo. Zhejiang Yuanda is one of the top 500 import and export enterprises in China, with an annual import and export volume of 160 million US dollars. With the entry of Zhejiang Yuanda, Ruyi group has made a qualitative leap both in depth and breadth in terms of its performance and entry into the international market. Zhejiang Yuanda mainly deals in the export of light industry, mechanical and electrical products and the import of chemical products. It has more than 1000 international customers and has been rated as AAA enterprise for four consecutive years.

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