Linyi Jiangxin Iron and Steel Co., Ltd. is located in Shenquanzhuang Industrial Park, Luo Zhuang, Linyi City, Shandong Province. The project was completed in June 2003 and put into operation in April 2004. Designed by Angang Design and Research Institute, it has advanced domestic machinery and equipment such as 2×508m3 blast furnace and 2×60m2 sintering machine, covering an area of 1.270 mu, with 2,000 employees, with a total investment of 890 million yuan and an annual output of 6,500 tons of pig iron. In 2007, the sales revenue was 2.889 billion yuan, the profits and taxes were 300 million yuan, and the net profit was 65.438+0.65438+0.40 billion yuan.