Does Rare Earth Hi-Tech have anything to do with Baotou Steel after it was renamed Baotou Steel Rare Earth?

Rare Earth Hi-Tech was renamed Baotou Steel Rare Earth, which is related to Baotou Steel.

Baotou Steel Rare Earth is a joint-stock company jointly funded by Baotou Steel (Group) Company, Schwab Limited (Hong Kong) and Baotou Steel Comprehensive Enterprise (Group) Company.

Introduction:

Baotou Steel Rare Earth (stock code: 60011) was formerly the "886 1" rare earth experimental plant established by1. Restructured in 1997, a joint-stock company was established by Baotou Steel (Group) Co., Ltd., Schwab (Hong Kong) Co., Ltd. and Baotou Steel Comprehensive Enterprise (Group) Co., Ltd., and it was successfully listed on the Shanghai Stock Exchange that year. In 2007, the integration and reorganization of Baotou Steel's rare earth industry was completed, and the whole listing of Baotou Steel's rare earth industry was realized.

After nearly half a century of construction and development, Baotou Steel's rare earth industry has formed a perfect development pattern, with a complete industrial chain from mineral processing, smelting, separation, scientific research, deep processing to application. It is the largest rare earth industrial base in China and even the world, and the leading enterprise in the rare earth industry in China. By March 30th, 20 10, the company's total assets reached 6.637 billion yuan and its net assets reached 20. 1 1000 billion yuan. The company has three directly affiliated factories (branches), 1 wholly-owned subsidiaries, 1 1 absolute holding subsidiaries, 7 relative holding subsidiaries and 3 shareholding companies.