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Ningxia Rongchang Cashmere Group is a private joint-stock enterprise, established in 1997, with seven member companies and six holding companies. Located in the cashmere Industrial Park of Lingwu City, Ningxia, China, it covers an area of 615 mu, with a building area of 123000 square meters, a registered capital of 800.38 million yuan, a fixed asset of 554.06 million yuan and a total asset of 6238.59 million yuan. There are 2915 employees, including 268 management personnel and 226 with bachelor degree or above. The annual production capacity of the group company is 1600 tons of plush, 660 tons of strips, 480 tons of spinning and 1 million pieces of shirts, with an output value of 3.58 billion yuan in 2016. In 2012, with the approval of the Ministry of Commerce of China, the group company registered and established Rongchang American cashmere sales company in New York, USA, and then set up sales outlets in Los Angeles, Boston, Chicago, Seattle and other cities. In 2013, Rongchang group registered and established Rongchang Italian cashmere sales company in Milan, Italy with the approval of the Ministry of Commerce of China. At present, some cities, cities and counties in Ningxia all have exclusive stores and sales stores. The group company has fixed raw material acquisition bases in Mongolia, Afghanistan, Kazakhstan, Tibet, Inner Mongolia, Xinjiang, Qinghai, Liaoning and other cashmere production areas. The company has cashmere testing equipment and high-quality engineering and technical personnel, has formed inspection, research and development, design and production system and talent team. The company has hired technical research talents from home and abroad, and now has formed a series of production systems of cashmere products from the acquisition, testing, R & D, design, sorting, washing, carding, sliver, dyeing, spinning, knitting of cashmere raw materials.

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