The Development Course of Wuhan Yuancheng Group

Yuancheng Group was established in 1996. At the beginning, it invested more than 20 million yuan to transform the Wuchang service building opposite Wuchang Railway Station into Yejia Hotel. All facilities are built according to three-star standards, forming a diversified room service system to meet the needs of customers at different levels. The new mechanism revitalized the "old state-owned enterprises", and Ye Jia Hotel made a profit that year. This three-star hotel integrates accommodation, entertainment and catering, laying a solid foundation for the future development of the group.

200 1 Yuancheng Group established Wuhan Yuancheng Technology Development Co., Ltd., the first private enterprise in Wuhan to produce flavors and fragrances on a large scale, in Panxi Village, Nanhu, Wuhan. The initial products are mainly located in the development of cinnamic acid, cinnamaldehyde, cinnamyl alcohol and so on 100 series cinnamon products. After several years of research and development, the sales of cinnamon series products are among the best in the world, with an annual output of about 3000 tons.

In 2003, Yuancheng Group set foot in the construction industry and successively acquired Lion Mountain Chemical Plant, which was renamed Wuhan Yuancheng Lion Mountain Chemical Coatings Factory. The 80 1 glue and three-proof paint produced and sold are exported to both inside and outside the province, winning unanimous praise from customers. Later, Yuancheng Sculpture Science and Technology Engineering Company was established, which filled the blank in the field of environmental art in Wuhan.

In 2004, Yuancheng Group was no longer satisfied with the development of flavors and fragrances. Acquired the original Wuhan Zhongnan Reagent Factory and renamed it Wuhan He Zhong Biochemical Manufacturing Co., Ltd., and began to produce pharmaceutical raw materials and pharmaceutical intermediates.

In 2006, with the rapid development of social economy, Yuancheng Group invested150 million yuan to buy 1750 mu of land near the Lunhe River at the junction of Wuhan and Xiaogan, and built the Lun Jia River Wetland Hot Spring Resort in Hubei, which received about 200,000 tourists every year.

In 2009, Yuancheng Group successively became Wuhan Xianbao Biotechnology Co., Ltd. (food additives, spices and preservatives), Wuhan Heng Chang Biomedical Products Research Institute (research and development of biomedicine), Wuhan Scarlett Pesticide Technology Development Co., Ltd. (production and research and development of pesticide products), Zhuhai Yuancheng Pharmaceutical Chemical Co., Ltd. (distribution company), Macau Jiacheng Trading Co., Ltd., Wuhan Yuancheng Chuangchuang Technology Co., Ltd. and other enterprises.