Shaanxi Nonferrous Metal’s Operating Revenue Topped 100 Billion Yuan, up by 13.18% on Y-o-Y Basis



Shaanxi Nonferrous Metal’s Operating Revenue Topped 100 Billion Yuan, up by 13.18% on Y-o-Y Basis

On January 16, Shaanxi Non-ferrous Metals Holding Group Co., Ltd held a press conference. Against the unfavorable situation of continued downturn, capacity surplus, and cost increase in the nonferrous metal market, Shaanxi Nonferrous Metal Group successfully fulfilled operation index for 2014, its operating revenue topped 100 billion yuan mark, which enabled it to accomplish 100 billion yuan nonferrous metal industry target one year ahead of schedule.

Deputy Governor of Shaanxi Province Li Jinzhu attended the meeting. Huang Xiaoping, Chairman and Secretary of CPC Party Leadership Group of Shaanxi Nonferrous Metal Group, announced the news of operating revenue topping 100 billion yuan. Ma Baoping, General Manager and Deputy Secretary of CPC Party Leadership Group of Shaanxi Nonferrous Metal Group, presided over the meeting.

In 2014, Shaanxi Nonferrous Metal Group implemented the target revolving around “Ten Parks, one Million Output, and 100 Billion Nonferrous”, adhered to strategies of seeking progress in steady development, and vigorously executing quality improvement and efficiency enhancement, unveiled a series of effective measures, and satisfactorily fulfilled whole year target. Throughout the whole year it fulfilled 110.2 billion yuan of operating revenue, up by 13.18% on Y-o-Y basis; fulfilled 1.5 billion yuan of profit, up by 7.87%; manufactured 1.16 million tonnes of ten nonferrous metal products, up by 25.41%.

In the aspect of restructuring and system reform, through restructuring the Group Company set up Yulin New Material Group, and established metallurgical mining group through reform. It successfully signed cooperation agreement with REC company, and planned to invest USD 2 billion in Jiaxian County in Yulin to introduce globally cutting edge polycrystal silicon production technique. It finished public listing of Baose Co., Ltd, a domestically leading manufacturer of special material non-standard equipment, at the Shenzhen Stock Exchange, so that the Group now has three listed companies including Jinduicheng Molybdenum Group Co., Ltd, and Baoji Titanium Industry Co.,Ltd.

Meanwhile, by using industrial park as the carrier, the Group Company enhanced traditional industries, expanded emerging industries, and adjusted industrial structure. Since the beginning of the “Twelfth Five Year Plan”, it continually improved Jinmu Industrial Park, Baotai Industrial Park, Hanzhong Lead-zinc Industrial Park, Yulin Cycling Economy Industrial Park, Tongchuan Aviation & Automobile Aluminum Industrial Park, Xianyang Silicon Material Industrial Park, quicken the pace to construct Shangluo Zinc New Material Industrial Park, Jiaxian New Energy Material Industrial Park, Shangluo Vanadium Industrial Park and Yangxian Metallurgical New Material Industrial Park, developed ten featured industrial parks in space layout, and developed toward new energy, new material, resource integrated utilization and energy saving eco-friendly industrial directions in industrial structure.

By bringing out advantages in scientific research, and coordinating technological resources, the Group Company acquired a batch of technological achievements. Since the beginning of the “Twelfth Five Year Plan”, it has invested a total of 9.1 billion yuan in technology. In 2014 it completed 225 technological projects, undertook 5 subjects above province and ministry level, received 12 province and ministry above level prizes, applied for 70 patents, and was awarded 73 authorized patents. Meanwhile, it devoted great efforts in establishing R&D system, building R&D platform, and improving R&D ability. Up till now, it has built 18 technological centers, engineering centers, inspection centers and testing centers. Wherein, there are 2 state-level enterprise technology centers, 3 post doctorate work stations, and 2 Academician work stations.

In the aspect of resource development, Shaanxi Nonferrous Metal Group strengthened geological prospecting, cautiously carried out resource M&A, steadfastly implemented “Walking Out” strategy. Since the beginning of the “Twelfth Five Year Plan”, it invested a total of 940 million yuan, implemented 353 key geological prospecting projects, strived to acquire resources with good ore-forming conditions, high grade, and large reserve. Domestically, it acquired a batch of mineral resources in Inner Mongolia, Gansu, Xinjiang and Qinghai. In overseas market, they progressively developed Australia Indee Gold Mine Project, Australia Lenard Lead-zinc Mine Project, Brazil Congonhal Manganese Mine Project, it has established a batch of mineral resource bases with promising prospects in overseas countries.