Ningxia Bank of China Velvet Industry Co., Ltd., formerly known as Ningxia Shengxue Edelweiss Co., Ltd. It was registered with the Ningxia Hui Autonomous Region Industry and Commerce Administration Bureau on September 15, 1998, and mainly engaged in the production and sales of cashmere, wool, linen and their blended textiles; its main products cover knitting and shuttles such as yarn, fabric, ready-to-wear, clothing, etc. Weaving products, including all kinds of worsted and coarse textiles. In 2019, after completing bankruptcy reorganization, it became a light asset operating company that controls the supply of raw velvet and creates high-end cashmere raw materials, yarn and fabric brands. In 2020, while the company continued to carry out cashmere business, it established a dual main business model of "cashmere business + industrial investment".

The company was listed on the main board of the Shenzhen Stock Exchange in 2000. The stock abbreviation is "Bank of China Wiper Industry" and the stock code is 000982.

The company's main products are natural animal and plant fibers as the main raw materials. The finished products are naturally skin-friendly, comfortable to wear, healthy and environmentally friendly. Cashmere products are soft and smooth. Flax products are cool, sweat-absorbent, antibacterial and anti-ultraviolet rays. Wool products are excellent. The drape and luster feel can be made of pure or blended textiles with silk, chemical fiber and other natural or synthetic fibers. It has a wide range of consumption fields and conforms to the living needs and consumption of consumers who return to nature and return to nature in a modern fast-paced living environment. idea. The company's main products are favored by domestic and foreign customers for their good quality, and the sales market continues to expand.

As a fully competitive industry, the company's profitability depends on its own technology research and development, product quality, product structure, sales services, and on the other hand, on the company's cost control in sales, production and procurement. The company's industry is cyclical, seasonal, regional and capital-intensive, and has both labor-intensive and technology-intensive. It is a resource-based industry.