Ninhua Group Co., Ltd (abbreviated as “Ninhua Group”), formerly referred to as Ningbo Chemicals, Medicines and Healthcare Import and Export Co. in 1987, was incorporated into Sinochem Group in 1993. It experienced two major structural reforms respectively in 2000 and 2015 to be transformed from a state-owned holding enterprise to a marketized company. Today, Ninhua Group has 5 holding enterprises and 4 business centers dealing in pharmaceuticals, agrochemicals, new HVAC materials and multi-dimensional operations, with over 1000 staff members. Its mainstay businesses are operated in a unified mode of R&D, industries and trade. It ranks top 20 of Ningbo City’s exporters, with its products and service distributed in all the continents.
In recent years, the company has unswervingly continued its “three-step” development tactics to promote its differentiating strategy of stepping up its globalization ahead of domestic enterprises, advancing its marketization to a level higher than other manufacturing industries, fostering its specialization of international business, and making full use of its advantages of localization over the transnational corporations. It has focused its efforts on the unified operations of R&D, production and marketing. It has accelerated the triple transformation of its products from raw materials and medicines to preparations and finished products, from low value-added to high value-added products, and from regular products to autonomously-branded and patented products. The company has sped up its innovative transition and worked hard at both ends of the smiling curve to continuously foster its core competitiveness.
Ninhua Group has won the titles of Ningbo Top 100 Enterprises of Comprehensive Strength and Zhejiang Province’s Top 100 Enterprises of Tertiary Industry for a few consecutive years. In 2014, it was top-listed in operating competitiveness of foreign trade companies as a member entity of the eighteen enterprises in profiting projects of international business of Ningbo City. Moreover, the company was rated AAA in credit, AAA-class client of Ningbo Branch, China Trust and Insurance Company, AAA-level credible enterprise in fulfilling contracts of Zhejiang Province, as well as AAA-class credit by China Foreign Trade and Economic Cooperation Industrial Association.
