Formerly known as the Zhejiang Materials Bureau, Wuchan Zhongda Group was restructured as a group company in 1996, and merged with Zhongda Group in 2007. In 2016, the company completed the mixed ownership reform process and achieved overall listing in 2016.

[Photo/zjmi.com] 

Zhongda is regarded as a leader in China's supply chain integration services, financial investment and high-end industries. It provides  its partners with comprehensive supply chain services, including raw material purchases, processing and manufacturing, distribution, export and logistics. 

As the main business sector of the company, the supply chain service sector covers six fields: metal material (iron sand), automobiles, chemical engineering, energy, rubber and cross-border e-commerce. It contributes more than half of the company's total profits. 

Business model of Wuchan Zhongda Group in supply chain service sector. [Photo/zjmi.com] 

In the financial sector, the company has more than 10 financial enterprises subordinate to it, including Wuchan Financial Leasing, Zhongda Futures, Zhongda Jinshi, Zhongda Investment, Zhejiang Petrochemical Trading Center, Wenzhou Financial Assets Exchange, Wuchan Wanxin and Wuchan Financial Services.   

It has also built financial service platforms in such fields as finance leasing, future goods, finance companies, platform transactions, assets management, pawn and insurance agents.

With nearly 390 subsidiaries and member companies and over 20,000 employees, the company ranked first in the list of Top 100 Zhejiang Companies in 2016. Since 2011, it has been among the Global Top 500 Enterprises. It achieved an operating income of over 200 billion yuan ($29.8 billion) in 2016. 

Zhongda has been vigorously expanding its businesses toward public services and health industries in recent years, exploring new development modes in environmentally friendly power generation, water affairs, medicine and healthcare.

Address: 56 West Huancheng Rd, Hangzhou, Zhejiang province

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