- Business
- Ningbo Zhongbai Co., Ltd. operates department stores and engages in commercial retail in China. The company offers wholesale, retail, and online sales of gold, jewelry, textiles, clothing, cosmetics, luggage, shoes and hats, glasses, daily necessities, handicrafts, toys, cultural and sports goods, machinery equipment, hardware, home appliances, electronic products, communication equipment, construction and decoration materials, and furniture; it also provides watch and eyeglass repair services, real estate development, industrial project investments, housing rental, indoor parking, and property services under the Ningbo Erbai brand. Founded in 1992 and headquartered at 21F, No. 77 Heyi Road, Haishu District, Ningbo, Zhejiang Province, China, Ningbo Zhongbai primarily serves domestic markets through subsidiaries including Ningbo Erbai Trading Co., Ltd., Ningbo Yuankang Textile Mall, and Ningbo Second Department Store. In recent developments, Hangzhou Jindi Commercial Management Co., Ltd. acquired an additional 8.42% stake for 270 million yuan via judicial auction of shares held by former shareholder Zhu Renbao in 2025, while shareholder Zhang Jiangbo plans to reduce its stake by up to 1%; the company issued its 2025 semi-annual report and corrected its third-quarter 2025 report, reflecting ongoing ownership changes and financial disclosures amid a revenue decline to approximately CNY 619 million TTM.