Ningbo Fuda Co., Ltd. was founded in 1989 and listed on the Shanghai Stock Exchange in 1996. In 2009, the company completed a major asset restructuring, with a registered share capital of 1.445 billion yuan and total assets of 20 billion yuan. It is a state-owned holding listed company mainly engaged in residential development and urban commercial real estate management, and also engaged in new building materials. The company has five first level subsidiaries and eleven second level subsidiaries, including Ningbo City Square Development and Operation Co., Ltd., Ningbo Real Estate Co., Ltd., Ningbo City Investment Co., Ltd., Yuyao Saigete Economic and Technological Development Co., Ltd., and Ningbo Kehuan New Building Materials Co., Ltd. It is one of the "Ningbo Large Enterprises (Large Groups)" that the Ningbo Municipal People's Government has listed as a key focus for cultivation.
　　
The company's commercial sector includes a 220000 square meter Tianyi commercial district centered around Tianyi Square, self operated shopping centers, GUGO Cool Shopping Mall, Tongmeng Building and other flagship stores, as well as managed and operated Heyi Avenue Shopping Center and Fashion Leisure Center Yuehu Shengyuan. The real estate sector has a real estate development company with the qualification of the Ministry of Construction. The development projects include over one million square meters of Qinglinwan Community, Cicheng Villa Town, Lianqiao Street Project, and Yinfeng Road East Start up Zone Urban Complex. The cement and building materials sector has built a new dry process cement production line with a daily output of 2500 tons in Yuyao, Ningbo and Mengzi, Yunnan, with an annual output of 3.5 million tons of ordinary cement and special cement.
　　
The company is based in Ningbo, actively relies on shareholder support, adheres to the business philosophy of "pursuing * and creating value", takes diversified real estate development and specialized commercial operation as the industry leader, supplements the industry with new building materials production and emerging industry investment, and is committed to becoming an excellent listed company with scientific management, excellent performance, core competitiveness, and sustainable development momentum.