Company Profile
ZSD History
1999-2007
The Company undertook pioneering efforts and sought solutions for survival.
April, 1999
In April 1999, the Company's predecessor, Southern Building Materials Co., Ltd., was registered and established in Changsha, Hunan.
July, 1999
In July 1999, the Company was listed on the Shenzhen Stock Exchange, becoming the first listed company in the bulk commodity circulation industry of the province.
February, 2003
In February 2003, Hunan Valin Iron & and Steel Group acquired 87.4 million shares of the Company (accounting for 36.8% of the total share capital), becoming the Company's largest shareholder.
2008-2015
The Company embarked on a transformative journey, laying a solid foundation for rejuvenation.
June, 2008
In June 2008, Zhejiang Materials Industry International, a subsidiary of Zhejiang Materials Industry Group, became the controlling shareholder of the Company, and the actual controller of the Company was changed from Hunan SASAC to Zhejiang SASAC.
2008-2011
Between 2008 and 2011, the Company established a steel distribution network across seven provinces and one city in central and western China, including Hunan, Hubei, Sichuan, Chongqing, Guizhou, Yunnan, Guangxi, and Gansu. It advanced reforms in labor, personnel, and distribution systems, adopted market-oriented recruitment and performance evaluation mechanisms, and established a talent aggregation system. Additionally, the Company implemented flat management and developed a "One Major and Three Supporting" management model.
June, 2010
In June 2010, the Company completed its first follow-on financing, ten years after its initial public offering. The overseas strategic investor, Art Garden, subscribed to 46.55 million shares in cash, accounting for 14.08% of the post-issue total share capital, becoming the Company's second-largest shareholder.
July, 2010
In July 2010, the Company was honored for the first time by being listed in the Fortune China 500, ranking 253.
February, 2011
In February 2011, the Company established Hunan Zhongtuo E-commerce Co., Ltd. (predecessor of "ZSD Information Technology"), embarking on a path of "triple transformation" which encompassed management informatization, business digitalization, and industrial internet integration.
August, 2012
In August 2012, the Company was renamed Zhejiang Materials Development Co., Ltd., and the stock abbreviation was changed from "SBM" to "ZMD". In the same year, the Company adopted a control model that separates the flows of commerce, logistics, and capital, establishing a comprehensive risk control system that involves all employees, covers all aspects, and extends through all processes.
September, 2013
In September 2013, Zhejiang Materials Industry Group acquired all shares held by Materials Industry International, becoming the controlling shareholder of the Company.
August, 2015
In August 2015, the Company's senior management team participated in a private placement through a partnership platform, holding 9.44 million shares, which accounts for 2.35% of the Company's total shares. This made it the first state-owned listed company in Zhejiang Province where the management team participated in private placement.
2016-2023
The Company underwent a period of transformation and achieved significant high-quality growth.
January, 2016
In January 2016, the Zhejiang Communications Investment Group acquired 1.5249 billion shares of the Company, representing 38.8% of its total share capital, and became the controlling shareholder.
June, 2016
In June 2016, the Company relocated its management headquarters from Changsha to Hangzhou, ing itself by the scenic West Lake.
January, 2017
In January 2017, the Company was renamed Zheshang Development Group Co., Ltd., and the stock abbreviation was changed from "ZMD" to "ZSD".
May, 2018
In May 2018, the Company successfully implemented the first restricted stock incentive plan among state-owned listed companies in Zhejiang Province, granting 11.4793 million shares to 87 key middle and senior management employees, accounting for 2.25% of the Company's total share capital.
August, 2018
In August 2018, the Company's registered address was relocated from Furong District in Changsha to Xiaoshan District in Hangzhou.
January, 2019
In January 2019, the Company's first "integration of industry and trading" project, an annual production of 600,000 tons of high-quality special steel precision wire processing, was completed and put into operation. This project was included in the "Key Projects of Zhejiang Province".
April, 2019
In April 2019, the Company began to implement the divisional system reform, comprehensively promoting the optimization of organizational structure and laying the organizational foundation of a world-class enterprise.
September, 2019
In September 2019, the Company successfully launched its first logistics finance business — the warehouse receipt pledge business with Sanxiang Bank and Jiangsu Xindian Steel, marking a breakthrough in the integration of industry and finance and initiating the ambitious "thousands of warehouses and billions in revenue".
May, 2020
In May 2020, the Company implemented the first stock option incentive plan among state-owned listed companies in Zhejiang Province, granting 43.43 million stock options to key middle and senior management employees. This included a provision of 6.06 million options reserved for future team members, totaling 6.4% of the Company's total share capital.
September, 2020
In September 2020, the Company's first industrial service complex — ZSD Jinnan Industrial Service Complex was innovatively established, offering "one-stop" integrated services to clients. This complex caters to the diverse, high-volume, and intensive service needs of industrial customers.
December, 2021
In December 2021, the Company's first self-developed photovoltaic project, the Zhejiang New Materials Distributed Photovoltaic Power Generation Project, officially began generating power and was connected to the grid.
September, 2022
In September 2022, the operation platform for the digital supply chain was officially launched, forming a new digital management system and business model. This marked a significant milestone in the "Digital ZSD" initiative that began in June 2019.
March, 2023
In March 2023, the Company introduced its household photovoltaic brand, ZSD Guangying, dedicated to providing rooftop photovoltaic system solutions for rural users. This initiative aims to involve more people in the "carbon peaking and carbon neutrality" effort, leveraging technology to empower agriculture and promote shared prosperity.
March, 2023
In March 2023, the Company's new energy sector saw its first tangible project, the ZSD Xieneng Factory, come into operation. This marks a significant step in the Company's strategic layout in the terminal manufacturing segment of the energy storage industry.
2023.9-Now
The Company has been riding the waves to forge a new chapter of sustainable development.
September, 2023
In September 2023, the Company's headquarters building was completed and put into use. At this new starting point and on this new journey, we will further enhance management efficiency, build a world-class headquarters, deepen the reform of the divisional system, optimize hierarchical authorization, upgrade the risk control system, and advance the "making a five-year plan on a yearly basis", thereby opening a new chapter of high-quality, sustainable development.
