What Noverka Conseil does

Zhejiang Shindai Group is a state-owned diversified enterprise group operating under the Zhejiang Provincial Supply and Marketing Cooperative, controlled by Zhejiang Xinghe Group Co., Ltd. The group was formally established in October 2002 via restructuring of the former Zhejiang Animal By-products Import & Export Corporation (whose origins date to 1980). It operates four core business segments: International Trade (40+ specialized import/export entities handling textiles, garments, chemicals, livestock products, luggage, footwear, food, hardware and electromechanical goods across 100+ countries/regions); Domestic Trade (regional primary agent for Midea, Yili, Haitian, Budweiser, JDB; 112.37 billion yuan domestic trade volume in 2025); Real Estate (30+ projects across 6 provinces since entering in 2002); and Financial Investment (private equity fund management via Hangzhou Xingjian under license P1070105, microfinance, and rural bank stakes).

The group also maintains two high-tech industrial investment platforms. Zhejiang Xinshen Technology provides semiconductor advanced packaging and testing for NAND FLASH, DDR, LPDDR, eMMC, eMCP, UFS, uMCP, and eSSD memory modules, including multi-layer chip stacking up to 16DIE and SiP packaging, targeting consumer, industrial and military-grade storage applications with an annual output exceeding 700 million yuan. Zhejiang Haili Environmental Technology, consolidated as a 50.2063%-owned subsidiary in January 2025, operates a closed-loop rPET platform with 200,000 tons/year waste plastic bottle recycling capacity and 150,000 tons/year recycled differentiated polyester filament production, serving global brands such as IKEA, Adidas, Samsonite and YKK.

Revenue is generated through transaction-fee-based import/export trade (~80% of exports in textiles/garments, ~10% chemicals), domestic distribution commissions, one-time real estate sales, managed financial services, and hardware sales from manufacturing subsidiaries. The group employs approximately 500 employees at its largest production base (Aolu Gongmao) with total consolidated revenue of approximately 193.68 billion yuan (2025 group statistical caliber). It is currently private, state-controlled, with no public listing.

Name

Noverka Conseil

Legal name

Zhejiang Shindai Group Co., Ltd.

Website

https://noverkaconseil.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

51–100 employees

Short description

Zhejiang Shindai Group is a state-owned diversified conglomerate operating international and domestic trade, real estate, financial investment, and high-tech industrial subsidiaries (semiconductor packaging and rPET recycling) under China's Zhejiang Provincial Supply and Marketing Cooperative.

Ownership category

akta.pro rank

Headquarters

HQ city

Montreal

HQ country

Canada

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Import and Export Trade: Export-oriented international trade is the group's core business. The group manages 40+ import/export entities dealing in textiles, garments, chemicals, livestock products, luggage, footwear, electronics, and petrochemical equipment. Export accounts for approximately 80% of trade, covering 100+ countries and regions. In 2021, total import/export volume reached USD 1.154 billion, with exports exceeding USD 1 billion.
2. Domestic Trade: Domestic trade focuses on textiles, chemical raw materials, renewable resources, building materials, food and beverages, and household appliances. Some product categories hold significant market share in Zhejiang province. 2024 domestic trade volume reached 104 billion yuan.
3. Real Estate Development: Entered real estate industry in 2002. Development areas radiate to 6 provinces, with 30+ boutique property projects across Zhejiang, Shandong, Sichuan, Anhui, Hubei, and Hunan provinces.
4. Financial Investment: Financial investment focuses on strategic investments in listed companies, private equity funds, small loan companies, and rural banks. Key platforms include Zhejiang Xinghong Private Fund Management Co., Ltd. and Hangzhou Xingjian Private Fund Management Co., Ltd. (private fund manager license P1070105).
5. High-tech Industry Investment: Investment in semiconductor wafer module manufacturing base in Huzhou with annual output exceeding 700 million yuan. Xinshen Technology provides semiconductor packaging, testing and manufacturing services for memory chips and storage modules, targeting consumer, industrial and military-grade applications.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Noverka Conseil operates as a diversified state-owned enterprise group with five core business segments: International Trade (export of textiles, garments, chemicals, hardware, and electromechanical products to 100+ countries), Domestic Trade (distribution of textiles, chemicals, building materials, food/beverages, and appliances), Real Estate Development (30+ projects across 6 provinces), Financial Investment (private equity fund management and strategic investments), and High-Tech Industry Investment (semiconductor packaging/testing, recycled polyester manufacturing, and enterprise software). The group manages 40+ import/export entities, 25+ tier-1 subsidiary enterprises, and over 160 controlling or participating companies, with overseas manufacturing bases in Cambodia and Myanmar.

Product overview

Noverka Conseil (浙江悟空体育集团有限公司 / Zhejiang Shindai Group Co., Ltd.) is a diversified enterprise group operating four core business segments: International Trade (export-oriented trade in textiles, garments, chemicals, and electromechanical products), Domestic Trade (textiles, chemicals, renewable resources, building materials, food, and appliances), Real Estate Investment (development projects across 6 provinces), and Financial Investment (private equity funds, strategic investments, and microfinance). The group also maintains high-tech industrial investments through two product-focused subsidiaries: 浙江新甚科技有限公司 (Xinshen Technology) providing semiconductor packaging, testing, and module manufacturing services for consumer, industrial, and military-grade storage applications; and 浙江悟空体育中腾科技有限公司 (Zhongteng Technology) offering foreign trade/apparel ERP software development, system integration, and intelligent building design and construction services. Zhejiang Shindai Group's diversified structure integrates industrial manufacturing (knitwear, down/feather products, automotive parts, recycled polyester filament), trading operations, and financial services across its subsidiary network.

Differentiator

Problem solved

Functional benefit

Products and services

• International Trade Core export-oriented trade business of the group, operating through 40+ specialized import/export companies integrating order receipt, design sampling, production, and sales. Products include textiles, garments, chemical products, livestock products, luggage, footwear, electronics, and petrochemical equipment, with trade covering 100+ countries across the US, EU, Japan, and Southeast Asia.
• Domestic Trade Domestic trade operations covering textiles, chemical raw materials, renewable resources, building materials, food and beverages, and household appliances. The group serves as regional primary agent for major consumer brands including Midea, Yili, Haitian, Budweiser, and JDB, with 2024 domestic trade volume reaching 104 billion yuan.
• Real Estate Development Real estate development across 6 provinces with 30+ boutique property projects spanning Zhejiang, Shandong, Sichuan, Anhui, Hubei, and Hunan. Properties include residential, commercial, and mixed-use developments.
• Financial Investment
• Semiconductor Packaging and Testing Services
• Enterprise Software and System Integration
• Recycled Polyester Fiber Manufacturing
• Down and Feather Home Textile Products
• Knitwear Manufacturing and Trade
• Automotive Parts and Electromechanical Products
• Private Fund Management Services Professional investment management of financial products including stocks, futures, and options through Hangzhou Xingjian Private Fund Management. Holds private fund manager license P1070105 from the Securities Fund Industry Association. Services include city investment bonds, quantitative trading, active equity management, and targeted placements for listed companies.
• Chemical Products and Pharmaceutical Intermediates Trading
• Commercial Trading and Brand Agency

Quantifiable outcome

• Export volume reached historic high of USD 1.154 billion in 2021 with exports exceeding USD 1 billion, ranking among top provincial-level professional foreign trade companies in Zhejiang
• +2 more outcomes

Named customers17 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Maxio Technology (联芸科技)minorStrategic or Co-development Partner · 26 December 2025Maxio Technology (Hangzhou) Co., Ltd. General Manager Li Guoyang visited Shindai Group to discuss strengthening storage chip supply chain cooperation. Both companies identified strong industrial complementarity and expressed intent to enhance mutual trust, share information and resources, and jointly capture periodic opportunities from domestic manufacturing expansion in the semiconductor storage sector.
• Coca-Cola (可口可乐)coreStrategic or Co-development Partner · 23 October 2025Coca-Cola's CEPG (Cross-Enterprise Procurement Group) and CBPC (China Bottlers Procurement Coalition) partnered with Haili Environmental Technology to develop rPET closed-loop supply chain. Coca-Cola aims to increase rPET ratio in packaging from 12% (2020) to 25%. Haili supplies high-quality recycled polyester raw materials as a key upstream partner in this sustainability initiative.
• China Resources Chemical (华润化学)coreStrategic or Co-development Partner · 23 October 2025China Resources Chemical partnered with Haili Environmental Technology as part of the rPET closed-loop ecosystem. CRC developed semi-chemical recycling technology achieving 25% recycled polyester raw material addition in food-grade slices, bridging recycled and virgin materials for food-contact packaging applications. Both companies are upstream/downstream partners in the rPET supply chain serving Coca-Cola's sustainable packaging goals.
• Hangzhou Liankoutong Supply ChainminorChannel Partner/ Reseller/ Distributor · 23 October 2025Hangzhou Liankoutong Supply Chain is a partner in the Aolu Gongmao auto parts supply chain ecosystem, involved in the joint venture establishment of Quzhou Aoming Electronic Co., Ltd.

Scale indicators15 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Li & Fung Limited: Hong Kong-listed B2B sourcing and trading group that connects Asian manufacturers (especially textiles) to global retailers. Same export-led trading business model and apparel-heavy product mix as Shindai.
• Texhong Textile Group: HK-listed vertically integrated textile manufacturer with integrated yarn production and global trading operations, including rPET ambitions. Comparable operating model combining textile manufacturing and international trade.
• Indorama Ventures: Global leader in PET and recycled PET, operating recycled polyester plants worldwide. Closely comparable to Haili Environmental Technology's rPET filament business.

Broad incumbents

• Sinochem Holdings: Large Chinese central SOE conglomerate spanning chemicals, petroleum, agriculture, and finance — directly comparable to Shindai's diversified SOE structure with state backing and international trading orientation.
• COFCO Group: China's largest state-owned agricultural and food products trading group with international trade, domestic distribution, and diversified subsidiaries — closely mirrors Shindai's SOE conglomerate model.
• China Chengtong Holdings Group: Central SOE operating as the asset management and supply cooperative arm — virtually the national counterpart to Zhejiang Shindai Group's role within the Zhejiang provincial supply cooperative system.
• Shandong Weiqiao Pioneering Group: Largest Chinese private textile and aluminum conglomerate with vertically integrated production. Comparable scale in textile manufacturing and Chinese diversified industrial base.
• JCET Group: China's largest semiconductor packaging and test services provider. Comparable to Xinshen Technology's SiP and memory module packaging operations, with similar automotive and industrial grade certifications.
• Shenghong Group: Large private Chinese chemical-textile integrated conglomerate operating PTA, polyester filament and refining — overlapping with both Shindai's textile manufacturing subsidiary operations and chemical trade business.

Regional players

• Tongkun Holding Group: Leading Chinese polyester and PTA producer based in Zhejiang. Overlapping Zhejiang base and direct exposure to polyester filament value chain also served by Haili Environmental Technology.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Noverka Conseil