Shanghai Yimin Commercial Co., Ltd. was approved by the Finance and Trade Office of Shanghai Municipal People's Government on September 1993, and was transformed from Shanghai Yimin Department Store Corporation, a large and medium-sized state-owned commercial enterprise in Luwan District, to Shanghai Yimin Department Store Co., Ltd., and its stock was listed on Shanghai Stock Exchange on September 1994 (stock code 600824), and it was renamed Shanghai Yimin Commercial Co., Ltd. in June 2007.

Since the company was founded fifteen years ago, its business has changed from a single traditional department store retail operation to a diversified operation with prominent focus, obvious advantages and mutual promotion, such as professional chain operation, real estate industry and hotel industry.

At present, the company owns Shanghai Gujin Underwear Co., Ltd., Shanghai Tianbao Longfeng Gold and Silver Jewelry Co., Ltd., Shanghai Bedding Co., Ltd., Shanghai Jinlong Commercial Co., Ltd., Shanghai Guangxin Optical Instrument Co., Ltd., Shanghai Watch Shop, Shanghai Yimin Real Estate Development Co., Ltd., Shanghai Gina Hotel Management Co., Ltd., Shanghai Yimin Commercial Investment Development Co., Ltd., Shanghai Huaihai E-Commerce Co., Ltd., Shanghai Yimin Innovation Investment Management Co., Ltd. Shanghai International Service Outsourcing Development Co., Ltd. owns more than 654.38+600,000 square meters of commercial real estate, including more than 90,000 square meters of Liulin Building, Xinge Commercial Building, Paris Spring Commercial Building, Du Jiali Commercial Building and Jin Yanfang Entertainment Plaza on Huaihai Road, and 40,000 square meters of Shanghai Xinzhuang Factory. At the same time, it also owns Shanghai Red Star Glasses Co., Ltd., Shanghai Xinyu Watch Group Co., Ltd. (a listed company in Hong Kong) and other shareholding companies.

The business performance of Yimin Commercial has maintained rapid growth for many years. The company's time-honored brands such as "ancient and modern", "Tianbao Longfeng", "Guangxin" and "Shangshang" have been further promoted with the development of the company. The expansion of the chain industry led by "ancient and modern" has maintained a good development momentum, with chain outlets all over the country. In order to fully promote the rapid development of enterprises and fully implement the development strategy of "grouping, branding, diversification and internationalization", the company continued to increase investment, mergers and acquisitions, restructuring and integration, and expanded the two main businesses of commercial real estate and commercial chain according to the requirements of specialization and scale, actively enhancing the core competitiveness and capital operation ability of enterprises and promoting the sustainable development of the company.