Founded in June 1986, Fujian Hua Min Import & Export Corp. was formerly a large-scale and state-owned comprehensive foreign trade enterprise in Fujian Province. It was restructured from a state-owned enterprise to a limited liability company and renamed to Fujian Hua Min Imp. & Exp. Co., Ltd. (the Company) in May 2003, with the registered capital of RMB 60 million yuan. There are currently more than 3,000 staff members and workers in the Company. Its total assets, net assets and annual profits had reached RMB 1,600 million yuan, RMB 360 million yuan and over RMB 40 million yuan respectively by the end of 2006.
