Guangsheng Nonferrous Metals Co., Ltd. (600259)

Guangsheng Nonferrous Metals Co., Ltd. (600259)

Guangsheng Nonferrous Metals Co., Ltd. is a large state-owned listed company which mainly deals in rare earth and tungsten industry, develops rare precious metals, and integrates non-ferrous metal investment, mining, smelting, application, scientific research, trade and storage. The company has a total capital of 301 million shares, and has 18 wholly-owned and controlled subsidiaries. The shares are Shanghai 180 index sample shares and Shanghai Shenzhen 300 index sample shares. The company is a key enterprise in China's rare earth industry, the only listed company in China with heavy rare earth as its main industry, and is the vice president unit of China Rare Earth Industry Association and vice president unit of China Tungsten Industry Association.

Guangdong Guangsheng Holding Group Co., Ltd., the controlling shareholder of the company (hereinafter referred to as "Guangsheng group"), was established in 1999 with a registered capital of 10 billion yuan, and is a key key enterprise with sole proprietorship in Guangdong Province. After nearly 20 years of reform and development, the company has grown into a large multinational enterprise group which takes mineral resources, electronic information and environmental protection as its main business, and co-development of engineering real estate and finance. By the end of 2018, the company's total assets were 14.5 billion yuan; in 2018, the company had achieved a total operating revenue of 58.3 billion yuan; the total profit was 5.976 billion yuan, with the main economic indicators ranking the top of provincial enterprises. The company holds 6 A-share listed companies (Zhongjin Lingnan, Fenghua high tech, Guangsheng nonferrous, Guoxing photoelectric, Foshan Lighting, Dongjiang environmental protection), and is the second largest shareholder of China Telecom. The company has more than 80000 employees, including more than 11000 members of the CPC. The company ranks 306 in the top 500 enterprises in 2019, 116 in China's top 500 service enterprises, and ranked top 100 leading enterprises in China's strategic emerging industries in 2019 and top 100 of China's multinational companies.

The company has 3 tungsten mines and owns all 4 rare earth mining licenses in Guangdong Province. The industrial chain is perfect, and a long-term rare earth industrial system is established, including mining and beneficiation, smelting separation, deep processing, scientific research application, trade circulation and import and export. It has 14000 tons / year separation capacity of medium heavy rare earth, leading in China, master the most advanced production technology of ion-based rare earth separation in China, and control 4 ion-type rare earth separation plants. The advantages of scientific and technological innovation are obvious. There are 2 provincial and ministerial rare earth rare earth rare earth rare metal research institutes and new rare earth materials research center. It has independent intellectual property rights and some special technologies for the treatment of ammonia nitrogen wastewater from rare earth smelting, organic acid instead of inorganic acid melting ore, and the joint separation of North South and North mines. The separated products have passed ISO14001:2004 environmental management system certification and ISO9001:2008 quality management System certification.

The company vigorously implements the economic strategy of the headquarters of rare earth industry, and relies on major projects such as the South China Rare Earth Science and Technology City, and focuses on the development of Rare Earth High-tech industries such as rare earth permanent magnet materials, hydrogen storage materials, catalytic materials, luminescent materials, polishing materials and functional materials, and rare earth application products such as Ni h power cell, automobile exhaust purifier, rare earth energy saving lamps, rare earth functional ceramics, etc., and building "Internationally renowned, first-class in China, Guangdong first" strategic emerging industry demonstration base and rare earth high-tech industry base.

The company will further accelerate the adjustment of industrial structure, promote the transformation and upgrading of enterprises, invest and cultivate a number of advantageous mineral projects, moderately develop "three rare" metals and metal varieties with strong market-oriented, extend the tungsten deep processing industry chain, promote the integration of rare earth, strengthen the rare earth deep processing, and strive to build a world-class rare earth group.

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