The Relationship between CITIC Metal and citic heavy industries

The relationship between CITIC Metal and citic heavy industries belongs to the same parent company CITIC Group. Xinjinshu and citic heavy industries are two companies in different business fields under CITIC Group. CITIC Metal is a subsidiary of CITIC Group, which mainly focuses on metal-related industries, mainly engaged in the development, production and sales of non-ferrous metals, ferrous metals and precious metals. CITIC Metal has certain strength and influence in the fields of metal smelting, mine development and resource trade. Citic heavy industries is a comprehensive enterprise under CITIC Group, which integrates engineering technology and equipment manufacturing, mainly engaged in heavy engineering equipment, general contracting and related technical services. Citic heavy industries's business covers construction engineering, machinery manufacturing, petrochemical equipment and other fields. CITIC refers to China CITIC Group, which is called China CITIC Co., Ltd. and is one of the large state-owned comprehensive enterprise groups in China. Citic was founded in 1979, headquartered in Beijing, China, and operates in many fields, including finance, investment, real estate, energy, engineering and manufacturing.