Hongchang Enterprise is located on the Hang-Jia-Hu plain, which is featured in the beautiful scenery and developed economy. Hongchang is in the city of Haining, long known as the world's sightseeing resort for tides viewing and China's leather garments capital. With Shanghai-Hangzhou-Ningbo Expressway and Shanghai-Hangzhou Railway crossing the urban district of the city, Haining neighbors Shanghai to its east and Hangzhou to the west, enjoying sound geographical position with transportation capability on railroads, highways, water courses as well as airway, thanks to the convenient access to the international airports in Shanghai and Hangzhou as well as to the Shanghai Port.

Hongchang is a large private-owned enterprise integrating the production and trading with Tianming Fiber Co., Ltd. and Yaxing Color Yarn Co., Ltd. under its umbrella. In the past years, the enterprise has been awarded many times as the Advanced Enterprise and Decent Enterprise on provincial or municipal level, turning out prominent economic profits. It was appraised as contracting respecting credit company and was given AAA credit enterprise title by the bank.

Yaxing Color Yarn Co.,Ltd., which is an enterprise affiliated under Hongchang Enterprise, currently has approximately 30,000 square meters of land. It has modern factory buildings and over 120 equipments, reporting a productivity of over 50,000 tons. The enterprise is equipped with yarn covering machine, computerized winders and twisting machines as well as various quality inspection equipments. The major products of the enterprise are the covered spandex yarns with specification ranging from 20D to 1120D. Meanwhile, various yarns for knitting production are also provided. There are yarns in various specifications such as pearl yarn, color yarn, mantle yarn, acrylic yarn and cotton yarn, etc. The enterprise constantly introduces new techniques and develops new products. All of Yaxing's products are ISO9001 certificated. Thanks to the completed categories and excellent quality, the products are sold to various places in China and even exported to Europe, America and Southeast Asia, enjoying great reputation in this sector.

In this new century with new economy and new opportunities, hongchang will be committed to its motto of "keeping the leading position in the province creating a well-received brand name". By means of technological innovation, it will innovate its developing mode, constantly improve the managerial capability, boost the sustainable development to the maximal grade so as to create a domestically top-class warp knitting enterprise and realize its dream of becoming a giant in this field.