The company is a state-owned enterprise in Hefei, formerly known as the Hefei Department Store. It was completed and opened in August 1959. It was restructured in 1993, and “Hefei Department Store” A-shares were listed on the main board of the Shenzhen Stock Exchange in 1996. It is the first commercial retail listed company in Anhui Province. Through innovation and transformation, Hefei Baida Group has evolved from a single department store back then to a leading integrated commercial and trade circulation enterprise in Anhui Province. The company's main business currently consists of two major businesses: department store retail business and agricultural products trading market. The company's main products are department stores, home appliances, supermarket chains, e-commerce, booth rental, and transaction commissions. Corporate honors: 2018-2019 China Smart Retail Best Practice Award, 2018 Anhui Commerce and Trade Statistics Work First Prize, 2018 Hefei Top 50 Enterprises, 2018 Hefei Top 20 Service Enterprises, “National May 1st Labor Medal”, “National Civilized Unit”, “National Spiritual Civilized Unit”, “40th Anniversary Chain Enterprise Changqing Award”, the company ranked 50th in the top 100 Chinese retail chains, and entered the top ten of China's top 100 retail chains for the first time. Many subsidiaries won the title of “16th Hefei Civilized Unit”.” Honors such as “2023 Advanced Unit for the Work of the Hefei Communist Youth League”.
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