What Forchn Holding Group does

Forchn Holding Group (富春控股集团) is a privately-held diversified industrial conglomerate founded in 1992 by chairman Zhang Guobiao and headquartered in Shanghai Pudong, with regional operating headquarters in Hangzhou, Hong Kong, and Singapore. The group operates across four business verticals: supply chain (Wuniuwulian/Unilogix supply chain infrastructure platform with ~500 logistics facilities covering 50M sqm, Ruyi Warehouse omnichannel logistics serving 300+ cities, EC World REIT listed in Singapore as BWCU, Chongxian Port 12M-ton/year AAAAA inland port, and the Gongfu Cold Chain JV), intelligent manufacturing (Zhang Xiao Quan — a 390+ year-old knife/scissor "China Time-Honored Brand" with Shenzhen listing 301055; Hangjia New Materials AAC green building materials; Fusheng ZG concrete), medical/healthcare (Fuchun Healthcare Group integrating a Grade III rehabilitation hospital with the largest hyperbaric oxygen chamber in East China, ~1,000-unit senior living community, 2,200-acre Fuchun Resort, Gongwang Health management, and the 10B+ RMB / 1.15M sqm Fuchun Smart Rehabilitation Industrial Park), and finance (Forchn International's dual Singapore/Hong Kong platform with Hong Kong SFC Type 4/9 licenses and a forthcoming USD PE fund). Its technology base centers on self-developed warehouse/order/transportation/HR management systems integrated with embedded supply chain finance within Wuniuwulian's "商流、物流、资金流、信息流" (commercial, logistics, capital, information flow) platform, plus national intangible cultural heritage forging craft at Zhang Xiao Quan and autoclaved aerated concrete (AAC) expertise at Hangjia.

The group's business model is hybrid: B2B enterprise supply chain services follow custom quote-based, multi-year contract pricing (logistics warehousing, transportation, supply chain finance, AEC products sold to developers including Vanke and Country Garden with exports to Australia/South Africa/Philippines/Maldives); Zhang Xiao Quan consumer products are sold at publicly disclosed retail prices via brand stores, e-commerce platforms (Tmall, JD.com), and export channels to Australia/UK/US/Japan/Korea/Malaysia/Indonesia/Thailand; medical and rehabilitation services are delivered as recurring subscription/senior-living rental revenue and per-treatment hospital billing; financial revenue derives from management fees and capital market returns on the Singapore-listed REIT plus asset management carried interest via Forchn International. Capital markets access comes through two listed subsidiaries — EC World REIT (BWCU.SI, July 2016, the first China logistics REIT overseas-listed) and Zhang Xiao Quan (301055.SZ, September 2021, China's first A-share knife/scissors stock, +394.06% on debut) — along with the Songguo Aid Special Fund JV that established Wuniuwulian in 2017 and a co-founded role in Cainiao Network since May 2013.

The principal growth vectors are: (1) cold chain logistics network build-out via Gongfu Cold Chain JV with Zhejiang Provincial Supply and Marketing Cooperative (11.5B RMB planned investment, 2.65M sqm); (2) consolidation of China's AAC green building materials industry via the January 2024 BBMG Jinyu "North + South Jia" strategic restructuring; (3) integrated medical-rehabilitation-elderly care build-out via the 10B+ RMB Fuchun Smart Rehabilitation Industrial Park and 5B RMB digital medical equipment framework with CNNC; and (4) Southeast Asia expansion via the 2019 Indonesian warehousing entry and forthcoming USD PE fund from Forchn International.

Name

Forchn Holding Group

Legal name

富春控股集团有限公司

Website

https://forchn.com.cn

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

1–10 employees

Short description

Forchn Holding Group is a privately-held diversified Chinese conglomerate founded in 1992, operating supply chain logistics, intelligent manufacturing (Zhang Xiao Quan knives, Hangjia AAC), medical/healthcare, and finance across China, Southeast Asia, Hong Kong, and Singapore through two listed subsidiaries (EC World REIT BWCU, Zhang Xiao Quan 301055).

Ownership category

akta.pro rank

Headquarters

HQ city

Pudong

HQ country

China

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. 供应链服务收入: Supply chain infrastructure operation and management fees from网营物联, 如意仓, 崇贤港 networks. Revenue generated from logistics services, warehousing, distribution, supply chain finance embedded services, and regional distribution center operations across 500+ facilities covering 50 million sqm.
2. 智能制造产品销售: Manufacturing and sales revenue from张小泉(刀剪, kitchen products, personal care, garden hardware, cultural gifts), 杭加新材(AAC板材, ACB砌块, green building integrated solutions), 富盛浙工(construction materials, concrete). B2B sales to real estate developers (万科, 碧桂园) and B2C retail/e-commerce for张小泉 consumer products.
3. 金融与资产管理: Revenue from ECWorld REIT (运通网城房地产投资信托) listed on Singapore Exchange (BWCU), generating management fees and capital market returns. Also includes financial services embedded in supply chain operations, and Forchn International's asset management business with Hong Kong SFC Type 4/9 licenses.
4. 医疗康养服务收入: Revenue from富春医养集团 including 浙江大学康复医院 (550+ beds), 富春康居 senior living community (~1,000 units), 公望健康 premium health management, 富春山居高端度假村 (2200 acres, 110 rooms), and 富春山居·颐养谷 custom health villas (300 acres, 94 villas).

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels9 records

Core offering

Forchn Holding Group is a diversified conglomerate that fundamentally operates and sells across four business domains: (1) supply chain infrastructure and logistics services (network-based facilities covering 500+ sites and 50 million sqm, warehousing, transportation, distribution, and embedded supply-chain finance); (2) intelligent manufacturing products (Zhang Xiao Quan branded knives, scissors, kitchen and personal-care goods; Hangjia AAC autoclaved aerated concrete building materials and green building systems); (3) medical and senior-care services (a Grade III rehabilitation hospital with the East-China largest hyperbaric oxygen chamber, ~1,000-unit senior living community, premium health management, and a 750-mu smart rehabilitation industrial park); and (4) financial services through the Singapore-listed ECWorld REIT (BWCU) and Forchn International asset management with Hong Kong SFC Type 4/9 licenses.

Product overview

Forchn Holding Group is a diversified industrial enterprise with three core business sectors: Supply Chain (网营物联, 如意仓, 运通网城/EC World REIT, 崇贤港, 供富冷链), Intelligent Manufacturing (张小泉, 杭加新材, 富盛浙工), and Medical & Healthcare (富春医养集团, 浙江中医药大学富春康复医院, 富春智能康复产业园, 公望健康, 富春山居度假村, 富春山居·颐养谷, 东方茂). The group operates through a platform-plus-subsidiary model where the parent company provides strategic investment and governance while subsidiaries operate independently in their respective industries. Notable listed entities include Zhangxiaoquan (301055.SZ) on Shenzhen Exchange and EC World REIT (BWCU) on Singapore Exchange.

Differentiator

Problem solved

Functional benefit

Brands

• 张小泉: 390余年历史的著名中华老字号刀剪品牌，A股刀剪第一股，股票代码301055
• 杭加新材
• 网营物联
• 如意仓
• 运通网城/EC World REIT
• 富春医养集团
• 富春康复医院
• 公望健康
• 富春山居
• 崇贤港
• 富港供应链
• 供富冷链

Products and services

• Zhang Xiao Quan knives, scissors, kitchenware and personal-care products (张小泉刀剪及家居产品) Zhang Xiao Quan is a 390+ year-old national Chinese time-honored brand manufacturing and selling knives, scissors, kitchen products, personal care items, garden hardware and cultural gift products. Offered through brand specialty stores, authorized dealers, Tmall, JD.com and overseas distribution in Australia, UK, US, Japan, Korea, Malaysia, Indonesia, Thailand. Listed as A-share 'knife and scissors first stock' (Shenzhen 301055).
• Hangjia New Materials AAC autoclaved aerated concrete panels, blocks and green building system integration (杭加新材AAC绿建集成) Hangjia New Materials manufactures and sells autoclaved aerated concrete (AAC) panels, blocks and integrated green building solutions to real-estate developers (Vanke, Country Garden) and construction companies. Founded in 1976, the business plans 50 AAC production lines and 5 million cubic meters of capacity and exports to Australia, South Africa, Philippines, Maldives.
• Wuniuwulian (网营物联) supply chain infrastructure and embedded supply chain finance services Wuniuwulian provides nationwide supply chain infrastructure operations, logistics warehousing, order management, transportation, agent procurement, centralized procurement, warehouse receipt pledge financing, and embedded supply chain finance. Network covers ~500 logistics facilities and 50 million sqm of operational area.
• Ruyicang (如意仓) omnichannel warehouse and distribution logistics services Ruyicang offers intelligent omnichannel warehouse and distribution solutions to enterprise retail and e-commerce customers including Suning, Carrefour, Walmart, Yonghui, Kappa, Mizuno, Dyson, Hikvision, Panasonic, Jiusong, Hu Qing Yu Tang and SF Express. Operates 10 major centers, 20+ overseas locations, covers 300+ cities with 1 million+ sqm. Self-developed HWMS, OMS, TMS, and HRMS with BC same-warehouse management.
• Chongxian Port (崇贤港) inland port and bulk-cargo logistics services Chongxian Port is a 5A-grade national inland port logistics zone in Hangzhou offering bulk-cargo logistics services. Operates at 800 mu scale with 12 million ton annual throughput, with a dedicated 5,000-ton river port dock and 10,000-ton cement terminal at the Shanghai Sanlin site. Top three in China Inland Port Ranking and Top 100 China Steel Logistics Parks.
• Gongfu Cold Chain (供富冷链) agricultural cold-chain logistics network services Gongfu Cold Chain provides agricultural cold-chain storage, distribution, brand operation and emergency supply services for Zhejiang's agricultural products. Plans 2.65 million sqm of cold-chain storage facilities across 1 hub, 10 city centers, 52 county nodes and N town terminals.
• ECWorld REIT (运通网城房地产投资信托) Singapore-listed logistics real-estate investment trust ECWorld REIT is a Singapore-listed REIT (BWCU) that invests in and manages e-commerce and logistics warehouse real estate in China, providing international investors with capital-market access to China's logistics real estate sector. Won the 2016 China REITs Alliance Best Equity REITs Award.
• Fuchun Healthcare Group (富春医养集团) integrated medical-rehabilitation-elderly care services Fuchun Healthcare Group is a high-end medical and healthcare industry operator integrating rehabilitation hospital services, senior living community residences, health management, customized health villas and high-end resort retreats. Operates within the group's medical/healthcare pillar and serves high-net-worth patients and families in the Yangtze River Delta.
• Zhejiang University of TCM Fuchun Rehabilitation Hospital (浙江中医药大学富春康复医院) Grade III rehabilitation hospital services Zhejiang University of TCM Fuchun Rehabilitation Hospital is a Grade III rehabilitation hospital providing rehabilitation medical services with East-China's largest hyperbaric oxygen chamber and a ~5,000 sqm rehabilitation treatment center. The first phase has 550 beds and the second phase will reach 850 beds. Serves rehabilitation patients across the Yangtze River Delta.
• Gongwang Health (公望健康) premium health-management platform services Gongwang Health provides premium health-management services integrating TCM philosophy with modern medical methods, including health examinations, TCM recuperation and specialist consultations. Operates full-lifecycle health services for high-net-worth clients and families.
• Fuchun Shanju Resort (富春山居度假村) luxury resort and hospitality services Fuchun Shanju Resort is a top-tier 2,200-acre luxury resort with an international golf course, boutique hotel, villas and SPA. Spans 110 rooms and includes a golf course ranked among international best, and earned Best Golf Resort and Asia's Top Golf Resort SPA (World's Best SPA Awards 2016). Offers high-end wellness retreats.
• Fuchun Shanju Yiyanggu (富春山居·颐养谷) customized high-end health and senior-living villas Fuchun Shanju Yiyanggu is a 300-acre customized high-end health and senior-living villa community with 94 low-density forest villas (30,000 sqm) and 15,000 sqm service facilities. Integrates TCM healthcare services for elderly residents and high-net-worth wellness buyers.
• Fuchun Smart Rehabilitation Industrial Park (富春智能康复产业园) integrated industrial-park space Fuchun Smart Rehabilitation Industrial Park is a 100+ billion RMB mega-project spanning 750 mu (1.15 million sqm building area) in Hangzhou Linping, integrating rehabilitation medical care, senior living apartments, education/research, manufacturing, and hospitality. Built around Fuchun Rehabilitation Hospital.
• Forchn International (富春国际) overseas asset management and investment services Forchn International is the group's overseas flagship operating from dual Singapore and Hong Kong headquarters. It holds Hong Kong SFC Type 4/9 licenses, manages ECWorld REIT operations, two hedge fund products, and is preparing the first USD private equity fund for Southeast Asia. Provides overseas asset management and investment platform services supporting Belt-and-Road expansion.
• Hengde Logistics (恒德物流) specialized tobacco logistics services Hengde Logistics provides professional temperature- and humidity-controlled tobacco logistics services including tobacco storage, packaging, freight, and labor services to Zhejiang Zhongyan (Zhejiang China Tobacco Industry). Operates 157,000+ sqm (Phase 1, ~300,000 cases annual) and 72,600 sqm (Phase 2, ~150,000 cases annual) warehouses.
• Dongfangmao (东方茂) urban commercial complex Dongfangmao is the first urban complex project in Fuyang with 150,000 sqm of commercial space including a shopping mall, central apartments, office towers and the Dongfangmao Kaiyuan Mingdu Hotel. The only metro-connected commercial complex in Fuyang. Mixed-use commercial and hospitality services.

Quantifiable outcome

• 网营物联运营约500个物流设施，运营面积达5000万平方米
• +4 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• 中储发展股份有限公司minorStrategic or Co-development Partner · 1 March 2024In March 2024, Zhongchu Development (中储发展股份) Party Secretary and General Manager Wang Haibin led a team to visit Forchn Holding, exploring deep cooperation on Chongxian Port logistics and网营物联 supply chain business. Both parties noted high strategic alignment and expressed intent to promote cooperation implementation.
• 北京金隅新型建材产业化集团有限公司 (BBMG/Jinyu New Materials)coreStrategic or Co-development Partner · 25 January 2024In January 2024, Forchn Holding signed strategic equity restructuring cooperation agreement with BBMG's Jinyu New Materials for 杭加新材. This unifies the industry-leading 'North AAC' (Jinyu, founded 1965, Beijing) and 'South AAC' (杭加, founded 1976, Hangzhou) brands. The partnership covers AAC production/sales, product R&D, technology innovation, and market expansion, with the goal of advancing China's green building materials industry and national dual-carbon strategy. The cooperation was formalized in November 2023 with strategic framework agreement signing.
• 中陕核工业集团公司 (中陕核集团)coreStrategic or Co-development Partner · 2 August 2023In August 2023, 富春医养集团 and 中陕核集团 signed a 5 billion RMB digital intelligent medical equipment framework cooperation agreement and first batch purchase agreement. The partnership aims to advance digital medical equipment upgrades and promote the healthy development of elderly care industry in both Zhejiang and Shaanxi provinces.
• 浙江省供销社/兴合集团coreStrategic or Co-development Partner · 1 September 2021In September 2021, Forchn Holding and Zhejiang Provincial Supply and Marketing Cooperative's Xinghe Group jointly established 浙江供富冷链发展集团有限公司 with 1.5 billion RMB registered capital and 115 billion RMB planned investment. The partnership builds a provincial agricultural cold chain logistics network with 1 hub, 10 city centers, 52 county nodes, and N town terminals, covering 2.65 million sqm of cold chain storage facilities, integrating storage, distribution, brand operation, and emergency supply.
• 开元旅业集团minorStrategic or Co-development Partner · 1 August 2020In August 2020, Forchn Holding and Kaiyuan Tourism Group signed strategic cooperation to leverage synergies in hospitality and tourism development, combining Forchn's resort and senior living assets with Kaiyuan's hotel management expertise.
• 新加坡叶水福集团minorStrategic or Co-development Partner · 1 November 2017In November 2017, Forchn and Singapore Yeoshafu Group launched the 'Belt and Road Zheshang Station Singapore' project, establishing Forchn's first overseas strategic base in Singapore. In February 2018, the two companies established comprehensive strategic cooperation to jointly develop Belt and Road markets.
• 浙江中医药大学coreStrategic or Co-development Partner · 1 January 2017Forchn Holding partnered with Zhejiang University of Traditional Chinese Medicine to establish 浙江中医药大学富春康复医院, a Grade III rehabilitation hospital. The hospital, initiated in March 2021, is built by Zhejiang University School of Medicine Education Foundation with donations from Forchn. It features华东地区最大高压氧舱 and ~5,000 sqm rehabilitation treatment center, with 550 beds in Phase 1 and 850 in Phase 2.
• 台湾天成医疗集团minorStrategic or Co-development Partner · 1 January 2017In 2017, Forchn combined resources with Zhejiang University of TCM and Taiwan Tiansheng Medical to create 公望健康 premium health management platform. The three-party partnership integrates traditional Chinese medicine philosophy with modern medical methods, providing health examinations, TCM recuperation, and specialist consultations.
• 菜鸟网络coreChannel Partner/ Reseller/ Distributor · 1 May 2013Since May 2013, Forchn became a founding shareholder of Cainiao Network (菜鸟网络) and participated in building the 'China Smart骨干网' project. This strategic partnership enabled Forchn to develop digital warehouse and distribution platform如意仓, which became one of the first Cainiao Alliance global warehousing and logistics partners.
• 复星集团、阿里巴巴、美特斯邦威、杉杉集团、新光集团、东磁集团minorStrategic or Co-development Partner · 1 December 2011In December 2011, Forchn jointly invested and developed the 东阳·中国木雕文化博览城 project with Fosun, Alibaba, Meters/bonwe, Shanshan, Xinguang, and Dongci Group. This was one of Forchn's early diversified investment partnerships in commercial real estate and cultural trade.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• SF Holding: Leading Chinese logistics and supply-chain company with extensive warehousing and cold-chain operations; overlaps with Forchn's logistics/warehousing segment and is also a customer of Ruyicang.
• CITIC Group: Chinese state-linked diversified conglomerate spanning finance, manufacturing and infrastructure; comparable in multi-industry holding structure though far larger and state-owned.
• JD Logistics: Integrated supply-chain and warehousing operator serving e-commerce and brand clients, directly comparable to Ruyicang and Wuniuwulian's contract warehousing and fulfillment services.
• Prologis: Global logistics warehouse owner-operator and logistics REIT platform, comparable to Forchn's logistics real estate and REIT securitization strategy.
• Fosun International: A privately founded Chinese diversified conglomerate spanning health, wealth/insurance, tourism and industrial operations, closely mirroring Forchn's multi-sector holding-company model and family-founder governance.
• China Merchants Group: Large diversified Chinese group with ports, logistics and financial services; overlaps with Forchn's port (Chongxian), supply-chain and finance activities at greater scale.

Others

• Dalian Wanda Group: Privately controlled Chinese diversified group with commercial real estate, hospitality and services; thematically comparable to Forchn's commercial-complex, resort and diversified holding activities.
• Cainiao Network: Alibaba's logistics/supply-chain platform of which Forchn is a founding shareholder; an ecosystem partner and adjacent smart-logistics player rather than a head-to-head competitor.

Direct peers

• ESR Group: Asia-Pacific logistics real estate developer and asset/fund manager, comparable to Forchn's warehousing footprint plus REIT-based securitization of logistics assets.
• GLP (Global Logistic Properties): Operator and fund/REIT manager of logistics real estate across China and Asia; directly comparable to Forchn's supply-chain infrastructure network combined with its EC World REIT capital-recycling model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries13 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 Forchn Holding Group