Introduction of Wujiang Group Company

Jiangxi Rare Metal Tungsten Holding Group Co., Ltd., referred to as Jiangtungsten Holding Group Company for short, is a provincial state-owned large-scale industrial enterprise with a history of one hundred years, and is also the largest mining group in China, which is characterized by tungsten, and integrates the exploration, mining, smelting, processing, trade and equipment manufacturing of rare and rare earth metals. The group company is headquartered in Nanchang City, Jiangxi Province. Wujiang Holding Group was formerly known as Jiangxi Tungsten and Tin Mining Co., Ltd. (1949), Jiangxi Branch of Central South Nonferrous Metals General Administration (1950), Central South Tungsten Bureau of Central Heavy Industry Department (1955), Jiangxi Nonferrous Metals Industry Administration (1958), China Huaxing Tungsten Company and China. In July, 2000, the system of China nonferrous metals industry was adjusted, and the group company was decentralized from the central government to the local government. Jiangxi Provincial People's Government established Jiangxi Rare Earth Tungsten Industry Group Company on the basis of 26 non-ferrous metal enterprises and institutions in Jiangxi. In 2007, the group company was listed as the first batch of state-owned enterprise reform pilot units in Jiangxi Province and focused on cultivating the overall listed reserve enterprises. On February 28th, 2007, 65438, the group company was transformed into a wholly state-owned company. On September 25, 2008, Shanghai Wang Chao Investment Co., Ltd. was introduced to increase capital and share, and became a state-controlled equity diversified enterprise. On June 5438+February 3, 2008, with the approval of Jiangxi Provincial People's Government, Jiangxi Rare Earth Tungsten Holding Group Co., Ltd. was formally established, replacing Jiangxi Rare Earth Tungsten Group Co., Ltd. before the restructuring and becoming the supervision unit funded by the provincial SASAC. So far, Jiangwu Tungsten Holding Group has formed a three-level corporate operation system: the first level is Jiangxi Rare Metal Tungsten Holding Group Co., Ltd., which is wholly state-owned; The second level is Jiangxi Rare Earth Tungsten Industry Group Co., Ltd. (among which Wujiang Holding Group holds 70% and Shanghai Wang Chao Investment Co., Ltd. holds 30%); The third level is the wholly-owned, holding subsidiaries and shareholding enterprises of Jiangxi Rare Earth Tungsten Group Co., Ltd. ..

In March 2009, the group company officially started the joint-stock reform and the preparation for listing. In the same month, Jiangxi Provincial Government and China Aluminum Company signed a strategic cooperation framework agreement in Beijing. According to the framework agreement, Chinalco will build a rare metal industrial base in Jiangxi with Wujiang Holding Group as the cooperation platform. 20 10 On April 26th, China Aluminum and Wujiang Holding Group jointly established Jiangxi Wujiang Nickel and Cobalt New Materials Co., Ltd., and * * * promoted the construction of a new nickel and cobalt material project with a total investment of about 654.38+08 billion yuan and an annual output of 40,000 tons.

Since 2005, Jiangtungsten Group has emancipated its mind, innovated its thinking, carried forward the spirit of Jiangtungsten in the new period of "firm belief, being brave in difficulties, being pragmatic and innovative, and developing harmoniously", and strived to realize the extraordinary and leap-forward development of the group company in accordance with the principle of "based on the tungsten industry, striding over the tungsten industry, based on Jiangxi, and going out of Jiangxi", developing to multi-metals and varieties, and seizing the commanding heights of resources and high-tech products. Efforts to build the resource advantages and core competitiveness of the group company have achieved rapid development: the sales revenue (operating income) of the group company has increased rapidly from 654.38+0.23 billion yuan at the end of 2004 to 8.94 billion yuan in 2009. Especially since 2009, the group company has actively responded to the impact of the financial crisis and achieved steady and rapid development by virtue of the industrial base initially formed by several years of reform and development and certain anti-risk ability. By the end of 2009, the total assets of the group company were11460,000 yuan, and the net assets were 4.77 billion yuan, increasing by 5.69 times and 13 times respectively compared with the end of 2004.

Since 2005, the group company has been awarded the "annual contribution award" by the Jiangxi provincial government for its industrial rise. In 2006, it was awarded the title of "National State-owned Enterprises Establishing Four Excellent Leading Groups and Advanced Collections" by the Central Organization Department and the State Council State-owned Assets Supervision and Administration Commission. In 2008, it was awarded the title of "Comprehensive Advanced Unit of Jiangxi Industry Doubled in Three Years" by Jiangxi Provincial Government, and in 2009, it was awarded "National Advanced Group of Nonferrous Metals Industry" and "Jiangxi Industry" by Jiangxi Provincial Government.

At present, Jiangtungsten Holding Group has 37 wholly-owned and holding enterprises and 5 important shareholding enterprises, which are distributed in Qinghai, Yunnan, Hebei, Jiangxi, Hunan, Fujian and other six provinces, and basically formed four mutually supporting industrial sectors: First, the tungsten smelting and processing sector, with a comprehensive smelting and processing capacity of more than 30,000 tons/year, has covered most tungsten varieties, forming a relatively complete tungsten industrial chain and internal market system from primary products to end products. Second, the smelting and processing plate of non-ferrous metals such as molybdenum, tin, bismuth, silver, nickel, cobalt and rare earth, with a comprehensive smelting and processing capacity of 6.5438+0.8 million tons/year. Third, the mineral resources sector, with wholly-owned and holding mining enterprises 12, has formed a pattern of multi-colored metal minerals and multi-bases. Fourth, non-metallic plate, including metallurgical mine construction, mining technology and equipment, car modification and sales, hotel tourism and so on.