Anhui Huamao Group Co.,Ltd. is one of the key 520 firms of China. It is located at Anqing City, Anhui Province, lies to the north of the Yangtze River and to the south of the scenic Dalong Mountain. The company takes the advantages of convenient transportation and the high-quality cotton acquisition from the local area. The former name of the company is Anhui Anqing Textile Factory which was founded in 1958. In 1999, the mill was renamed and reformed into a investment company engaged in property investment and management. At present, the company has 522 technicians who have senior, junior or primary professional titles. By the end of 2001, the company has a total asset of RMB 1,449 million yuan, including a net asset of RMB 846 million yuan. The business scopes of its subsidiary companies covers textile, securities, real estate, pawn, auction, hotel, tourism, transportation an