Xiamen Gulong Group Corp., Ltd. was founded on the basis of a merger of three previously money-losing state-owned enterprises which were affiliated to Xiamen municipal authorities. With 10-plus years of persistent endeavors, the Corporation has grown by leaps and bounds. Today, the Corporation is a large-scaled state-owned enterprise with diversified business interests, including its core business of canned food making and auxiliary businesses of import and export trading and
real estate development (dubbed “One Body, Two Wings”). At represent, the Corporation operates a number of wholly-owned subsidiaries, including Xiamen Gulong Canned Food Co., Ltd., Xiamen Gulong Import & Export Co., Ltd. and Xiamen Gulong Group Real Estate Development Co., Ltd., and has total assets worth more than RMB 1.3 billion yuan, net assets worth RMB 550 million yuan, an annual turnover of RMB 1 billion yuan, and total taxes and profits amounting to over RMB 75 million yuan, including profits exceeding RMB 50 million yuan.

Canned food industry represents the focal point of the Corporation's development strategy. Over the past decade-plus, the Corporation has built a strong brand and thrived in market competition with innovative products and technologies, ever-improving product quality and steadily increasing competitiveness. Its core enterprise, Xiamen Gulong Canned Food Co., Ltd. (formerly Xiamen Cannery), is currently the only enterprise in China 's cannery industry which has won all three industry recognitions: “China Export Top Brand”, “China Top Brand”, and “Renowned Chinese Trademark”. “Gulong” is presently China 's only brand with production in all of the five major categories: stewed pork, pork luncheon meat, aquatic products, fruits, and vegetables, producing 100-plus varieties of products. Gulong is also China 's largest producer and exporter of canned stewed pork. The Gulong trademark has been registered in 54 countries and regions around the world. Gulong canned food have achieved HACCP, QS and ISO9001:2000 certificates, and have passed tests conducted by authoritative agencies, notably the US FDA (Food and Drug Administration), Canadian Food Inspection Agency (CFIA), Japan's Ministry of Health & Welfare (MHW), the Agri-Food & Veterinary Authority of Singapore (AVA), and Australian Quarantine and Inspection Service (AQIS), demonstrating that Gulong has developed cutting-edge technology. Gulong products are popular in 80-plus countries and regions around the world and throughout China . Gulong condiments, such as soy sauce, bean paste and salted black beans, are produced with the finest materials with ancient recipes, producing a pure taste and a profound soy aroma; these products are Gulong's high-quality accessory materials and are favorite products among consumers. In particular, Gulong's five-year-old choice gift soy sauce has earned a reputation of being China 's No. 1 soy sauce. The Gulong brand has become a “business card” for Xiamen in its communications and interactions with the outside world.

 

Import and export business and real estate development are the wings lifting the takeoff of the Corporation. Gulong Import & Export Co., Ltd. is primarily charged with the mission of expanding the share of the overseas market for Gulong canned food, and also deals in other products. In 2005, its total imports and exports exceeded USD 70 million, including exports of USD 18 million worth of canned food, providing a strong stimulant to Gulong's rapid growth in the food cannery industry. Gulong Group Real Estate Co., Ltd. is a young but rapidly growing developer in Xiamen 's real estate industry, with six property projects to its credit, including Gulong Commercial City Complex, Gulong Lakeview Estate, Gulong Apartments, Gulong Garden , Gulong Pearl, and Gulong Residential Park , which have a combined floor area of more than 400,000 square meters. These projects have allowed Gulong to develop a seasoned property team, accumulate a wealth of experience in property development, build a strong brand, earn a prestigious reputation, and generate substantial profits, providing strong financial support for the rapid development of Gulong's food cannery business.

 

Gulong Industrial Park is the core project in the Corporation's implementation of the “One Body, Two Wings” development strategy, and also a key project of Fujian Province and Xiamen City . The park, occupying a site of nearly 280,000 square meters and costing more than RMB 300 million yuan to build, commence its construction in February 2004 and became fully operational in December 2005 after existing facilities were relocated there. Gulong Industrial Park is currently China 's largest production and R&D center of canned food, boasting the most sophisticated equipment, the fullest line of products, and an operating scale equivalent to 10 standard large-scaled cannery enterprises in China 's cannery industry. As a relocation and renovation project, Gulong Industrial Park captured the 2005 Award for Excellence of Key Project Construction in Fujian Province, becoming a shining example in the recycle economy of the food canned industry.

 

Gulong has made consistent efforts to deepen its reforms, strengthen management, and inject fresh vitality into the Corporation. Gulong has been widely recognized for its reforms and rigorous corporate governance. In recent years, the Corporation has reformed the ownership system of its former subsidiaries, Gulong General Plastics Plant and Gulong Beverage Company, permitting their employees to hold shares and run the two enterprises and withdrawing all state capital from them, thereby allowing Gulong to spin off non-essential business, optimize its corporate industry structure, asset structure and product structure, and concentrate on the growth and expansion of its cannery business, import and export trading, and real estate development. By taking advantage of the opportunity opened up by its relocation, Gulong successfully merged the former Xiamen Cannery and Xiamen Gulong Condiments Co., Ltd. into one enterprise, Xiamen Gulong Canned Food Co., Ltd., which is based in Gulong Industrial Park . This allows Gulong to perform centralized management of its food cannery business and improve resources utilization in Gulong Industrial Park . In addition, Gulong has completed identity swap for employees in its headquarters and subsidiaries and reformed its labor recruitment and remuneration mechanisms, which has laid a solid foundation for the Corporation's further reforms and management enhancement.

 

A decade of trailblazing endeavors has put Gulong on the track of continued growth. Gulong's ultimate vision is to build itself into a world-class brand with sustained development. Gulong Group, charged with the mission of reinvigorating China 's national industry, is determined to become a strong player in the international arena. Gulong is looking forward to joining hands with businesspeople in China and from the rest of the world for mutual growth and prosperity.
  Add.: 17Fl.,Dihao Bldg., No.820 Xiahe Rd., Xiamen, China
  (0592)2960666Fax:(0592)2960118