Zhejiang Firsd Group Co., Ltd. was established through restructuring of China Native and Livestock Zhejiang Tea Import and Export Corporation, a provincial-level large-scale foreign trade enterprise founded in 1980. The registered capital of the company is RMB 792.2 million, and the controlling shareholder is Zhejiang Xinghe Group Co., Ltd., which has been listed among the Top 500 Chinese Enterprises for 20 consecutive years. The company's business scope mainly includes domestic and international sales of clothing, electromechanical products, household appliances, chemical raw materials and products, industrial investment, warehousing services, and technical consulting services.

In recent years, the company has adhered to the strategy of "highlighting the main business, moderately diversified development, innovative development", continuously expanding the business areas. It has become a comprehensive large-scale enterprise involved in multiple fields such as domestic and international trade, industrial production, market operation, financial investment, agricultural services, industrial parks, and real estate. Among them, international and domestic trade of electromechanical auto parts and clothing, as well as auto consumer finance and other financial businesses, are the company's core main businesses. In 2022, the company's sales revenue was RMB 9.2 billion, and the total import and export volume was USD 220 million. The company has more than 20 member enterprises.

Upholding to the principles of honesty, pragmatism, innovation, and win-win cooperation, the Group is committed to achieving the "the 14th Five-Year Plan" development goals of gradually forming core competitiveness, steadily improving comprehensive strength, continuously improving operational mechanisms, and significantly enhancing management levels. The Group strives to develop trade in a stable and prudent manner, promote transformation and upgrading, deepen the integration of industry and commerce, cultivate and expand emerging industries, strengthen the construction of the management system, and seek win-win development with cooperative units. The Group aims to build itself into a comprehensive enterprise group with a prominent main business, moderate diversification, scientific management, and strong competitiveness.