Bonen Holding Co., Ltd., formerly Jiangxi Huaneng Industrial Co., Ltd., was founded in 1992 and is a private joint-stock enterprise engaged in industrial operations and strategic investment. In its early days, it was engaged in a single coal transportation and sales business. After years of continuous expansion, restructuring and transformation, it has now developed into a comprehensive enterprise group with industry, real estate, finance, and culture and art as its main businesses. * The industrial segment. The industrial segment consists of two parts: First, bus manufacturing. After the restructuring of state-owned enterprises, Jiangxi Bonen Shangrao Bus Co., Ltd. was established through reorganization. Shangrao Bus Company is a key bus manufacturing enterprise in China, known for pioneering the domestic rear-engine bus structure, being the first to export in batches, being the first to introduce fully load-bearing body technology, and successfully undertaking the production of Jiangxi floats for the 50th and 60th National Day parades. Shangrao Bus Company is also a key supported enterprise under Jiangxi Province's "Ten Strategic Emerging Industries" and has the province's leading provincial-level bus technology research and development center. The company specializes in the design and production of large and medium-sized buses, including school buses, group buses, public buses, tourist passenger vehicles, new energy vehicles and special-purpose vehicles, among six major series and more than 40 varieties. In 2010, Shangrao Bus signed an agreement with the Electric Vehicle Research and Development Center of the Chinese Academy of Sciences to carry out all-round cooperation in brand, technology and capital. Over the past few years, it has developed capabilities in new energy bus power system development, control system development, and vehicle design and development, and has obtained the vehicle production qualification for new energy buses. In 2014, our province promoted the application of new energy vehicles in seven cities. In fierce competition with many bus manufacturers inside and outside the province, we won orders accounting for 45% of Jiangxi Province's total new energy buses. Second, enameled wire production. Jiangxi Bonen Shangrao Wire Materials Co., Ltd. is a backbone enterprise in Jiangxi Province's machinery industry, possessing the most advanced enameled wire production technology and equipment in China. It is a professional enameled wire manufacturer integrating production, research and development, and sales. It has repeatedly won titles such as "Jiangxi Province Advanced Enterprise in Quality Management" and "AAAA-Level Standardized Good Behavior Enterprise", and in 2014 was rated as one of the "Top Ten Brand Enterprises in China's Electromagnetic Wire Industry" and a "Jiangxi Province Quality Credit AAA-Level Enterprise". Its main products include various specifications and types of "Fangyuan" brand copper enameled wire, aluminum enameled wire, copper-clad aluminum wire, bare copper wire, and ultra-fine enameled wire. It is a designated supplier for many domestic home appliance giants, and its products sell well in more than 20 provinces and cities across the country. Its production and sales volume has ranked among the top in the national industry for many consecutive years, and it exports to many countries. The "Fangyuan" brand enameled wire is a self-created brand and has been rated as a "Jiangxi Province Famous Brand Product", "Jiangxi Province Exemption-from-Inspection Product" and "Jiangxi Province Famous Trademark". Second, the real estate segment. Jiangxi Bonen Real Estate Development Co., Ltd. was established in 1994 and is now a national first-class qualification real estate development enterprise. Its head office is located in Nanchang City, and it has 6 branches and subsidiaries. Its development projects are distributed in Nanchang, Shangrao, Jingdezhen, Yichun and other places. In 2014, it successfully won the bid in Shanghai's West Hongqiao Business District for a core plot closely connected to the National Exhibition and Convention Center, marking that Bonen's real estate development business began to enter China's first-tier cities. The company adheres to a high-standard and high-quality route. Construction projects such as Bonen Center I and Bonen Center II have been rated as demonstration projects of Jiangxi Province real estate projects. Bonen Real Estate Company has also dispatched an operation and management team to take full charge of the Shanglian Center project, which is jointly invested and constructed by 41 outstanding private enterprises across the province. The project integrates Grade A office buildings for corporate headquarters, the Gan merchants culture museum, an international platinum five-star hotel, a themed experiential commercial center, high-end residences, and an art avenue, with a total construction area of 780,000 square meters and a total investment of 6 billion yuan. It will be built into a landmark urban complex in Nanchang City. Third, the financial segment. Bonen's financial segment includes Nanchang Bonen Microfinance Co., Ltd., Yiyang Heng'an Microfinance Co., Ltd., Jiangxi Bohui Jiuzhou Financial Services Co., Ltd., etc. At the same time, Bonen is also leading the operation of the Shanglian Fund, an equity investment fund jointly invested by 41 outstanding private enterprises across the province with a total scale of 3 billion yuan. All businesses in the financial segment are operating normally and developing steadily. In particular, after Bohui Jiuzhou Financial Services Co., Ltd. founded the Bojindai online lending platform, its internet finance business developed rapidly. The four indicators of Bojindai - the number of investment users, cumulative transaction volume, loan balance, and daily transaction volume - all ranked first in Jiangxi, far exceeding the other more than 20 internet finance companies in Jiangxi Province, and it obtained approval and filing from the Provincial Financial Office. At the same time, it introduced large state-owned enterprises such as Jiangxi Investment Group, Jiangxi Dacheng and Nanye Assets as shareholders, enhancing Bojindai's credibility and influence. Starting in 2014, Bonen and another well-known private enterprise in the province jointly initiated Jiangxi Province's first private bank. At present, all application materials required to be submitted to the China Banking Regulatory Commission have been completed, and the Jiangxi Banking Regulatory Bureau is reviewing them. Bonen strives to establish a financial service system integrating banking, funds, P2P, and microcredit. Fourth, the culture and art segment. This is a segment that Bonen is continuously trying and exploring. It is mainly engaged in the investment and operation of high-end collectible artworks in fields such as art ceramics, crystal, and jade ware, the development and operation of the art trading market, and the dissemination of ceramic culture, crystal culture, and jade culture. In 2012, Bonen acquired China's largest professional crystal market in Donghai, Jiangsu, an important distribution center for crystal in the world. In 2014, it also began preparing to build a high-end art market led by art ceramics in Jingdezhen. At the same time, it established Bonen Nanchang Lanyun Art Media Co., Ltd. and is preparing to build the province's largest precious art trading center - Bonen? Treasure City. In Bonen's ceramic art exhibition hall, works by more than 100 ceramic artists have been collected, including master-level Chinese arts and crafts masters Wang Xiliang, Zhang Songmao, Dai Ronghua and others, and it has obtained the nationwide exclusive operating authorization for the museum of the ceramic art family of national arts and crafts master Zhang Songmao. In the development project in Shanghai's West Hongqiao Business District, the "Greater China Cultural Art Trading Center" is being planned and constructed. Over the years, Bonen's main honors include: four times selected as one of the "Top 500 National Private Enterprises", three times selected as one of the "Top 500 Chinese Private Enterprises in Manufacturing", eight consecutive years rated as an "Outstanding Private Enterprise in Jiangxi Province", many times rated as an "AAA-Level Credit Enterprise" by provincial-level banks, and many times rated by national industry and commerce management departments as
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