As a large private owned enterprise, HUAFON GROUP was founded in May 1991 and its main business is new materials while sets foot in industries such as real estate, logistics and finance. So far it has more than 3,200 employees and beyond 6 billion RMB total assets. In 2009, the manufacturing industries of HUAFON GROUP realized sales income of RMB 5,683,000,000 with tax of RMB 798,000,000. HUAFON GROUP is selected as China Top 500 Large Enterprises Group Competitiveness, China Top 500 Manufacturing Enterprises, China Top 500 Private Enterprises and China Top 100 Petroleum and Chemical Industry for successive years.

　　In the past 19 years, HUAFON has been striding forward and creating many national and industrial NO.1 by continuous innovation. Up to now HUAFON has become biggest manufacturer of PU resins for shoes and leather around the world and also the domestic biggest while the global third largest spandex fiber producer. HUAFON focus on researching and developing series products such as PU resin both for shoes and leather, PU elastic fiber (spandex), micro-fiber synthetic leather, insulation materials and aluminum foil etc. of which PU resin and spandex series of products are awarded China Famous Brand Product by the National Famous Brand Promotion Committee. HUAFON has five production bases in Wenzhou、Shanghai、Fujian and Chengdu etc, a National Enterprise Technology Center, a National Industry R & D Center, two Provincial R & D Center, four national Hi-Tech enterprises，and it is also the drafting unit of the national industry standard of five series of products such as micro-fiber synthetic leather and spandex filament etc.

　　HUAFON is known as the typical representative of the “New Wenzhou Model” for its supernormal and great-leap-forward development. In 2003, HUAFON creatively put forward Four Commons, common goals, common entrepreneurship, common interests and common development, as the core philosophy of enterprise culture by refining pioneering culture. Guided by outstanding enterprise culture, HUAFON is devoted to return society when the enterprise keeps developing, and it has proactively donated more than RMB 45,500,000 to commonweal. HUAFON was honored as China Charity Outstanding Contribution, National Harmonious Labor Relationship Model Enterprise, Zhejiang Province Model Collective, Zhejiang Province Civilized Unit, National Petrochemical Industry Enterprise Culture Demonstration Unit, the First Lot Wenzhou Dynamic Harmonious Enterprise, etc.

　　Facing rapidly changing market, HUAFON persists in the industry development strategy of strengthening primary industry and appropriate diversification, insists on the combination of industry management, brand management and capital management, constantly promotes technology innovation, system innovation, management innovation and culture innovation，and realizes great-leap-forward sustainable development of the enterprise.