Jikai refers to Jikai Equipment Manufacturing Co., Ltd. (hereinafter referred to as "Jikai Shares"), which is a listed company mainly engaged in the research, development, production and sales of coal mining machinery, construction machinery and castings and forgings. Its predecessor was Shijiazhuang China Coal Equipment Manufacturing Co., Ltd. under Hebei Coal Industry Bureau. In 2009, the shareholding system reform was completed and Jikai Equipment Manufacturing Co., Ltd. was established.
After the restructuring, Jikai Co., Ltd. implemented mixed ownership reform, introduced strategic investors and employee stock ownership platforms, and realized the diversification of state-owned capital, social capital and employee capital. In the reform of mixed ownership, there are also some challenges and risks, such as the choice of strategic investors, the coordination of interests and the optimization of governance structure. Jikai Co., Ltd. strives to achieve the goal of mixed ownership reform by strengthening internal management, perfecting incentive mechanism and enhancing innovation ability.