Enhanced Competitiveness through Solidarity

SOHO has its own fashion brands.

On top of that, Soho Holdings’ high-tech companies keep rising. In 2014, Soho-Yiming Pharmaceuticals Co., Ltd., plans to manufacture 250 kg of polypeptide products that will bring in a revenue of RMB 70 million, hitting a record high. The white filature silk produced by Fu’an Cocoon & Silk Company enjoys fame for its high quality and great brand influence. The company’s sales in 2013 stood at RMB 260 million. In the meantime, the company has made a breakthrough in the marketing of silk fibroin wound dressings. A new textile research center was established by Shuyi Textile Co., Ltd., aimed at developing non-cotton and blended products, increasing added value, reducing costs and cementing its market position. Yuanda, another subsidiary, has been actively bidding for national key engineering projects and promoting geosynthetic technology, new bullet- and explosive-proof materials, as well as applying new technologies to engineering projects. The company has undertaken three national priority projects. In 2014, Yuanda plans to manufacture seven new shield tunneling machines and repair nine old ones, which will generate revenues of RMB 250 million. Other technology companies have also made fruitful achievements. The Jiangsu Soho Silk Biotechnology Research Institution, jointly established by Soho Holdings and Jiangsu Silk Association, is endeavoring to become a provincial postdoctoral innovative practice base, stimulating the innovation-driven development of the silk industry. The sericulture department of Soho Holdings is now involved in four science and technology projects, with another two still at the application and preparation stage. Moreover, the affiliated textile research institution has successfully developed two new products, while applications for two science and technology projects, one invention and one patent are under review.

Real estate is another thriving business of Soho Holdings. The company bases this business on product development and sales, while improving its management, reducing costs and enhancing efficiency. The first stage of the Artall Shangyi Washington Project has passed inspection, with construction of the Artall Yizhen Project completed. The two projects have been well received in the market, owing to the hi-tech energy-saving techniques applied in the construction. Faced with fierce competition, the company has innovated its sales model and cut down sales costs so as to increase the projects’ profits. When it comes to sustainable development, the subsidiaries of Soho Holdings have maintained good statistics for projects in different places.