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In October 1990, four local township enterprises in Jiading were incorporated into Shanghai Jiabao lighting electric appliance company through strong and strong combination. In April 1992, Shanghai Jiabao Industrial Co., Ltd. was restructured into Shanghai Jiabao Industrial Co., Ltd. with the approval of Shanghai Economic Commission (1992) No. 275 document. In December of the same year, it was listed on Shanghai Stock Exchange (Stock Code: 600622). In August 1994, with Shanghai Jiabao Industrial Co., Ltd. as the core, Jiabao group was established. In 2000, through major equity restructuring, the company became a listed company with relatively controlled state-owned assets in Jiading District. With the concern and support of Jiading District Party committee and government, the leading industry of the company turned to real estate development, gradually established the brand concept of "quality real estate, quality life", implemented the basic strategy of "one industry oriented, moderately diversified, local stronger, and gradually outward", accelerated the strategic adjustment of industrial structure, and made real estate development the main business of the company. Through continuous and unremitting efforts, the company's internal management level has been continuously improved, its core competitiveness has been further enhanced, the real estate brand effect has gradually emerged, and its business performance has shown a sustained and stable growth trend. Now, the group company is a national first-class real estate qualification development enterprise, with more than 20 wholly-owned, holding and shareholding enterprises. In 2015, the company realized a net profit of 274 million yuan and a return on net assets of 8.99%. By the end of March 2016, the company had a net asset of 5 billion yuan and a total asset of 10.6 billion yuan. At present, the company has basically formed an industrial structure with real estate development and property leasing as the main business and foreign investment as the auxiliary. The company has entered a new stage of large-scale, multi project, cross regional and multi format real estate development, with an annual development building area of about one million square meters.

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