Founded by Mr. Li Qun-Fu, the company entered the business of garment manufacturing and marketing in 1983. It began to produce export-bound garments in 1988, and collaborated with Japan's Matsuoka Limited Company in 1990 to explore the domestic and international markets for garments and printing. The two companies jointly promoted and formed Shanghai Matsuoka Public Limited Company in 1998. Matsuoka's stocks were listed on the Shanghai Stock Exchange in January 1999 and issued its second offering of A shares in 2001.
The company currently has 16 apparel plants with annual output of 50 million units, 6 printing factories with 20% domestic market share for the printing of commercial bills and securities, 3 bleaching and dyeing mills that can water-mill 30 million garments every year, 1 after-process finishing mill that can process 20 million meters of textile annually, 2 wholly owned outlets of Sir Speedy Fast Printing, 4 international trade houses, 25 printing subsidiaries throughout the country and the world, and 1 paper manufacturing company with annual output of 300 thousand tons. The group company's corporate headquarters is at Floor 63-66 Heng Long Plaza, Nanjing West Road, Shanghai. The manufacturing headquarters of the company is in the Matsuoka Industrial City of Pinghu City, Zhejiang Province. Its U.S. subsidiary is established in New York's Imperial Building. The Beijing subsidiary is at Beijing's Finance Tower.
The company's rapid development cultivated a management team that excels in international trade, and enabling it to bank its business practice on intelligence, market-orientation, specialization, and internationalization. While focusing on its primary business, the company has also diversified its business portfolio. Thinking together and mutual growth are the firm's business strategy. Conducting business on the bases of honesty and trust, benefit sharing, and mutual success are the corporate credos. Over all these years, we have been endeavoring on globalization, building and expanding our customer base, that the company has grown from a small fry with capital of merely 900 thousand dollars to a China-class giant of 3 billion RMB Yuan assets. The company has become an integrated and globalized conglomerate business in manufacturing, trade, finance, and real estate. And as an indisputable icon for China's collective-owned businesses, the company has made great contributions to the society.
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