Shanggong Shenbei (Group) Co., Ltd. (hereinafter referred to as "Shanggong Group" or "the Company") is a mixed ownership enterprise listed on the Shanghai Stock Exchange (stock code: A-share: 600843, B-share: 900924). The company is mainly engaged in the research and development, production, and sales of various material connection processing equipment, and its business also involves fields such as commercial logistics and technology investment. Our products cover sewing, embroidery, cutting and other sewing process equipment, ultrasonic welding equipment, automotive interior and exterior parts, as well as carbon fiber composite lightweight sports aircraft.

       Shanggong Group is headquartered in Shanghai, China, with over ten production factories in China, Germany, Czech Republic, Romania, and the United States, and more than thirty sales subsidiaries worldwide. The company owns Dukep Aihua, Baifu Industrial KSL、 Famous industrial sewing equipment brands such as Mauser, Shounuo Ultrasonic, Shanggong, Gemstone, and Fuyi, as well as light sports aircraft brand ICON, and well-known domestic sewing machine brands such as Butterfly, Flyer, and Bee.

       The sewing and intelligent manufacturing equipment produced by the company has been widely used in many different industries. In the traditional fields of clothing and luggage processing, the company's high-end sewing equipment has become the preferred choice for almost all top European luxury brands; In the automotive industry, we provide intelligent sewing and processing equipment for the manufacturing of interior and safety parts of many well-known automobiles; In the fields of automotive interior and exterior, packaging, electronics, medical, environmental protection, etc., the company provides non-standard plastic welding machines, robot flexible welding machines, ultrasonic generators and other ultrasonic welding equipment and solutions; In the fields of aerospace and new materials, we provide robot sewing machining centers for composite prefabricated bodies to multiple large aircraft manufacturers.

       Shanggong Group was once the oldest sewing machine manufacturer in China, with the "Butterfly" trademark dating back to 1919. The company's predecessor was the state-owned Shanghai Industrial Sewing Machine Factory established in 1965. In 1993, it was restructured as Shanghai Industrial Sewing Machine Co., Ltd. and successfully went public in 1994. In 1997, it was renamed as Shanggong Co., Ltd. In 2005, it merged with Shanghai Shenbei Office Machinery Co., Ltd. and was renamed Shanggong Shenbei (Group) Co., Ltd. In the same year, the company embarked on an international journey and successfully acquired the highly reputable German sewing equipment company, Dukep Aihua. Through strong integration, this old enterprise born in 1860 was revitalized. In 2013, we successfully acquired another century old sewing store in Germany, Baifu Industrial, as well as KSL, a globally leading innovative enterprise in the field of sewing automation applications. We quickly mastered the world's top sewing technology, including sewing robots, and consolidated our company's leading position in global industry technology. From 2015 to 2018, we successively invested in the establishment of Zhejiang Shanggong Gemstone Sewing Technology Company, which mainly engages in the production of standardized industrial sewing machines, as well as Baifu Industrial (Zhangjiagang) Company, which is a domestic intelligent manufacturing equipment assembly and key parts production base. We also invested in and controlled the development of CAD software and the manufacturing of special programmable equipment such as industrial cutting machines, embroidery machines, and mask machines in Shanggong Fuyi Intelligent Manufacturing (Tianjin) Company, forming a "New Shanghai Manufacturing" model of research and development and marketing with "both ends in Shanghai" and production and manufacturing with "the middle outside". In 2020, we invested in establishing Shanggong Sewing Machinery (Zhejiang) Company and built an intelligent manufacturing factory with an annual output of 390000 industrial sewing machines. By 2023, the acquisition and delivery process of SONOTRONIC, the hidden champion of non-standard automation equipment for ultrasonic welding in Germany, will be completed. With this, Shanggong Group will add a new European member and expand its connection technology to the field of ultrasonic welding. In the same year, Shanggong Group made another move and acquired Shanghai Shanggong Feier Automotive Parts Co., Ltd., entering the field of automotive interior parts manufacturing and beginning to vertically integrate its business. In 2024, the company seized the strategic opportunity of promoting the development of the "low altitude economy" by acquiring relevant effective assets of ICON, a small aircraft manufacturer in the United States. By utilizing the company's connection process technology, the company will extend its business from providing process equipment for carbon fiber composite structural components to the production and manufacturing of carbon fiber lightweight sports aircraft.

       Faced with the development opportunities of the "New Century", Shanggong Group will rely on the leading foundation of Industry 4.0, uphold the concepts of "comprehensive digitization" and "intelligent manufacturing", and leverage its technological leadership, innovative research and development, and global layout advantages to better provide process solutions for emerging industries such as automobiles, aviation, environmental protection, and new energy. It will also continue to provide technological innovation services for consumer goods industries such as shoes, clothing, bags, and home furnishings, thus launching a growth engine from "production-oriented manufacturing" to "service-oriented manufacturing" and creating a "second curve" for the company's growth.