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英文翻译：Baocheng Industry Co., Ltd. was founded in September 1969. At the beginning, it was mainly engaged in the production, manufacturing and export of plastic shoes. Later, it began to focus on the R & D and manufacturing of sports shoes and leisure shoes, and actively developed the sports goods channel business in recent years. Up to now, Baocheng industry has been transformed into an industrial holding company, which focuses on the two core businesses of shoemaking and transportation through its reinvestment company. Since 1978, Baocheng industry has entered the field of sports shoes manufacturing. Since then, with the improvement of product quality, the integration of production process, and the enhancement of R & D and design capabilities, Baocheng industry has transformed from OEM to ODM. In order to diversify the production base and make good use of the cheaper production environment in overseas areas, Baocheng industry set up factories in China, Indonesia, Vietnam and other places in the late 1980s through Yuyuan industry (Group) Co., Ltd. invested by Baocheng industry. In order to further improve the efficiency of shoemaking industry and show the benefit of vertical integration, Baocheng industry transferred 67 shoemaking factories in November 2002 It is sold to Yu Yuan industry, so that Yu Yuan industry is responsible for the overall operation of footwear business. At present, Baocheng industry and its subsidiaries are the world's largest manufacturers of sports shoes and leisure shoes, with an annual output of more than 300 million pairs of shoes. In terms of channel business, Baocheng international group started from the brand agency business in 1992, and then gradually developed the retail business of sporting goods. After years of expansion, it has established a certain scale of sales network in Greater China. In order to focus on the development of core business and improve the market value of the group, the retail and brand agency business was separated in 2008, and Baosheng International (holding) Co., Ltd. (hereinafter referred to as "Baosheng international") invested by Yuyuan industry focused on the operation and development. In addition, based on the consideration of industrial risk dispersion, Baocheng international group stepped into the electronic downstream industry in 1999 and engaged in the production and manufacturing of printed circuit board (PCB) and printed circuit board assembly (PCBA) by the reinvested Jingcheng Technology Co., Ltd. However, after the financial tsunami in 2008, the group re examined the direction of its business strategy and promoted the integration of its reinvestment resources. In March 2010, it successfully completed the 40% equity auction of Jingcheng technology. Looking forward to the future, Baocheng International Group will continue to focus on the two main operating axes of shoemaking and access; in shoemaking business, it will continue to improve production technology and R & D capabilities, continue to optimize production efficiency, and closely cooperate with international brands to provide high-quality products and services. In terms of channel business, we will continue to provide high-level customer service, product mix, marketing and publicity activities to build a brand image of channel name "yyports". With a view to strengthening the core competitiveness and creating group value through professional division of labor in the shoemaking business and channel business.

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