Jiangsu China Tobacco Industry Co., Ltd., Yipinmei, a well-known (famous) cigarette brand, was founded in 1991, integrating cigarette production, sales, and tobacco material supply
Yipinmei cigarettes were founded in 1991, is the representative brand of Huaiyin Cigarette Factory (now belongs to Jiangsu China Tobacco), Yipinmei is taken from the meaning of "Lamei, a product in flowers", and now Yipinmei has a variety of products such as Yipinmei (boutique), Yipinmei (specialty), Yipinmei (special 1906), Yipinmei (special mellow red), Yipinmei (century good), Yipinmei (good alcohol), Yipinmei (light yellow), Yipinmei (special century style) and so on. In 1998, Huaiyin Cigarette Factory launched the Yipinmei project, and a few years later, Yipinmei was identified by the State Tobacco Monopoly Administration as one of the 36 kinds of famous and high-quality cigarettes in the country, and became one of the major tobacco brands in the country.
Jiangsu China Tobacco Industry Co., Ltd. was established in September 2003, in December 2006 to complete the merger and reorganization of cigarette industry enterprises in the province, now under the jurisdiction of Nanjing, Xuzhou, Huaiyin three cigarette manufacturing plants and Nantong Tobacco Filter Co., Ltd. supporting subsidiaries, is a collection of cigarette production, sales, tobacco supplies as one of the large-scale tobacco industry group, more than 7,000 employees. In December 2009, the company further deepened the system reform, improved the corporate governance structure, and changed its name and restructuring to Jiangsu China Tobacco Industry Co., Ltd.
Under the correct leadership of the State Tobacco Monopoly Administration, the Jiangsu Provincial Party Committee and the Provincial Government, the company takes scientific development as the theme and accelerates the transformation of economic development mode as the main line, further promotes reform and innovation, continuously improves the system and mechanism, comprehensively introduces modern concepts, continues to strengthen internal management, vigorously consolidates the foundation for development, and maintains sustained, healthy and rapid development for 8 consecutive years, with an average annual tax profit growth rate of more than 20%, achieving sound and rapid development.
The company's leading brands "Suyan" and "Nanjing" have successively won the title of "Well-known Protection", and both ranked among the top 15 in the national tobacco industry in terms of cigarette sales volume and cigarette sales revenue of more than three categories. The products sell well in 32 provinces, municipalities and autonomous regions across the country, and are exported to Canada, Singapore, the Philippines, Belgium, Thailand, Australia and other countries and Hong Kong and Macao.
In 2011, the company determined the enterprise development strategy for the next 3-5 years, that is, by the end of the "Twelfth Five-Year Plan", it will successfully complete the "123" and "3 50 billion" strategic tasks and build a first-class modern tobacco industry enterprise in the industry.
