Yantai Xinchao Industry Co., Ltd., approved by the Security Administration Committee of China, opened to the stock market at Shanghai securities exchange on November 21st, 1996. Its stocks are abbreviated as "Xinchao Industry" with the code of 600777.

The company has five branches and two stockholding subsidiaries, and it also holds stocks of a joint venture. The five branches are: Xinchao Clear branch, Yantai Xinchao Foundry branch, Xinchao Dye-chemistry branch, Xinchao Construction and Installation branch, Qinhuang Sports and Recreational Center of Horse- raising Island; the two subsidiaries are: Yantai Xinmu Cable Co., Ltd. and Yantai Xinli Textile Co., Ltd. (both Sino-foreign joint ventures). Xinchao also holds stocks of Shandong Aviation Rainbow Business Airline.
Yantai Xinmu Cable Co., Ltd.

Bluish dogbane developing project of Clear branch has been listed in the Torch Plan of Shandong province. Its underwear series takes wild bluish godbane from Xinjiang as material, which, by nature, restrains bacterium and regulate blood pressure. Therefore, it sets the trend for healthy underwear.

ares, 47.168399 million individual shares, 78.996840 million sponsoring legal person shares and 28.333333 million stock-raising legal person shares. By December31st, 2000, its total assets reached 977 million yuan, with net assets of 720 million yuan and net assets of 3.54 yuan for per share.