Four major enterprises: Shanghai Cibao Metal Material Co., Ltd., Cibao Modern Steel Sheet(Jiangsu)Co., Ltd., Zhejiang Cibao Metal Co., Ltd., and Hangzhou Baoyuan Metal Material Co., Ltd., constructed up the Cibao Group.

Shanghai Cibao Metal Material Co., Ltd., was established in 2002, the registered capital is RMB80million. The headquarter is located in Shanghai. Cibao is ranked first class agent of many scaled steel mills in China. The total sales volume of galvanized and color-coated steel reached 300, 000T in 2006, and the annual sales revenue reached more than RMB2 billion. Supported by the sales platform of Shanghai Cibao, the Corp. Invested 45.5million US dollars and established Cibao Modern Steel Sheet(Jiangsu)Co., Ltd., in 2005. The Corp. Occupies an area of 100, 000 square meters.

The phase one investment includes a hot dipped galvanized production line with capability of 300, 000 tons, a color-coated steel production line of 150, 000 tons and a cold-rolled annealed steel processing line of 300, 000tons. The phase two investment will be 50 million US dollars to construct an acid pickling linewith capacity of 600, 000 tons and a hot rolled galvanization process line of 500, 000tons. The processing center of Cibao is located in Hangzhou Xiaoshan Steel Market. It is a processing, storage and delivering center of 20, 000 square meters.