The group company was established in June 1974, 1 1. Only local firecrackers were produced at that time. By the end of June 1980, the assets were insolvent and on the verge of bankruptcy. 1981February, the new leading group was established, and after brainstorming, it was decided to switch to electro-optical guns, which turned losses into profits that year; 1986 developed fireworks in the summer, which filled a gap in Jiangxi province and made the products go abroad. In the autumn of the same year, the factory was renamed Lido Export Fireworks Factory, and the development strategy of "assiduously practicing internal skills, creating famous brands, going out and casting brilliance" was put forward and implemented, which enabled the enterprise to develop continuously, healthily and rapidly. 1September, 1997, the shareholding system reform was carried out. After the shareholding system reform, enterprises have embarked on the fast track of development because of clear subject and clear property rights. At the beginning of 200 1, Lido Fireworks Group Co., Ltd. was established on the basis of Lido Export Fireworks Factory. At present, the group company covers an area of 4 100 mu, with more than 300 employees 1300, including 8 senior engineers and more than 60 engineers 160. The fixed assets exceed 100 million yuan, the total output value is nearly 200 million yuan, and the annual profits and taxes are more than 43 million yuan. It has won the titles of "Top 20 Taxpayers in Nanchang" and "National Export Earning Foreign Exchange" for several consecutive years.