Development path

——In 2008, it was registered and established in Shaoxing County, China Textile City, to develop home textile products business.

——In 2009, a substantial step was taken to increase reform and adjustment, and a strategic plan for the next three years was formulated. The plan sets the goal of cultivating and forming new core competitiveness, establishes the company's strategic business portfolio, and clarifies the focus and core capabilities of the company's development.

Through the implementation of the first strategic plan from 2009 to 2011, the business scale of the company has increased substantially, doubling in three years, of which the proportion of the main business has reached more than 95%, the status of the core business has become clearer and more prominent, and the company’s profitability Continuously strengthening, the main business sales profit has more than doubled, and the net profit has more than doubled. At the same time, the company adjusted its organizational structure, implemented a new human resource management system, and implemented comprehensive performance management, bringing the level of management and control to a new level.

——Registered its own brand in 2010-Mengfan Home Textiles

——In 2011, Buyang Trading Co., Ltd. was registered and established to develop fabrics and other products to meet the needs of new and old customers.

——In 2012, the Group launched the second mid-to-long-term development strategy plan, which clarified the strategic positioning of focusing on the management of high- and mid-range home textile products and becoming an international enterprise with unique competitive advantages in the upstream and downstream supply chain of bulk home textiles.

At present, Mengfan Textiles has shown a good pattern of textile development. The textile business segment includes blanket business, thread blanket business, bedding/quilt business and textile fabric business. The main textile business of the company has a relatively large scale and is in the domestic textile industry. Has a certain influence in China.