Ningbo Veken Elite Group Co., Ltd is a public company with net assets exceeding RMB 600 million. It is listed on Shanghai Stock Exchange (Stock name: Veken Elite; stock code: 600152).

The company is a industrial group whose leading products are up-market home textile, yarns & threads, knitted garment and fabrics. It annually turns out 5. 5 million Pcs of Raschel or other cotton blankets, 6million meters lf high-grade jacquard sheeting, 1million units of high-count bedding and 13000 tons of various sewing threads, with annual sales exceeding RMB 1. 3 billion. The company is an export-oriented group and also the Largest home textile exporter of China. It owns ten industrial entities and two trading firms, with 70% of the products for direct export to Japan, USA, Europe, Hong Kong and other developed countries and regions, earning over USD 100 million in foreign exchange annually.

The company advocates human priority, emphasizing economic benefit as well as social benefit. Its ultimate objective is to "absorb the essence lf fiber technology and create a choice brand of Chinese home textile". Accredited to ISO9000 quality system and international green product system. The company is entitled to the Chinese famous home textile brand.

Essence of assets The company concentrates the quality assets of the former state-owned enterprises of textile in Ningbo, through development and reinvestment, a comprehensive and powerful industrial entity covering spinning, weaving, printing, dyeing and finished product has come into being.

The company is provided with spinning machines totally 180, 000 spindles, 226 sets of extra-width jacquard sheeting looms equipped with imported electronic jacquard devices, 102 sets of circular knitting machines, 37 Raschel tricot machines, over 100 sets of printing machines and more than 800 sewing machines. It reaches international advanced level of 1990s'