Founded in June 13, 1970, Zhejiang Longsheng Group Co., Ltd. (“Longsheng”) is located in Daoxu Town, Shangyu District, Shaoxing City in Zhejiang Province of China. After 40 years of development, it has now developed into an integrated company with almost 10,000 employees, 104 wholly-owned subsidiaries and 17 holding subsidiary companies with domestic presence in Zhejiang, Shanghai, Jiangsu, Sichuan, Inner Mongolia, Hong Kong and other places and overseas presence in Singapore, India, Indonesia, Japan, Brazil, the United States, Germany, Portugal, Turkey and other countries. On August 1, 2003, “Zhejiang Longsheng” shares were listed on the Shanghai Stock Exchange. As of now the company has in total 3.253 billion issued shares with stock value exceeding CNY 35 billion.
Longsheng is now an amalgamated corporation spanning chemicals, auto parts, real estate, financial products and equity investment. It achieved annual sales income of CNY 15.1 billion in 2014 with net profit of CNY 2.5 billion. The sales revenue of the first 9 months in 2015 amounted to CNY 11.8 billion and the net profit reached 2.3 billion yuan. As of the end of September 2015 the company had total assets of CNY 26.5 billion and net assets of CNY 13.3 billion.
The company currently has an annual production capacity of 300,000 tons of dyes and 80,000 tons of chemical intermediates. The Disperse dyes accounts for about 35% of total production in domestic market and the production scale of Reactive dyes is currently ranking first in China. The capacity of intermediates, m-phenylenediamine and m-dihydroxybenzene occupies about 70% of domestic market share. With products exported to over 70 countries and regions, Longsheng is the absolute leader in the Asian market, and also the largest production and export base for disperse dyes in China. Some key indicators such as dye production, sales revenue, profits & tax contribution, and exports value etc. have been ranking first in the same industry in China from 1999 to 2014, among which the production output of Disperse dyes rank first around the world for fifteen consecutive years.