Hebei Xuanhua Construction Machinery Co., Ltd. (000923)

Hebei Xuanhua Construction Machinery Co., Ltd. (000923)

Hebei Xuanhua Construction Machinery Co., Ltd. (hereinafter referred to as Hebei Xuangong, stock code: 000923) is now affiliated to the world's top 500 Hegang group. Founded in 1950, it is a large state-owned enterprise manufacturing bulldozers and other construction machinery products and parts in China. It is the first listed company in the machinery industry in Hebei Province and the only listed company on the main board in Zhangjiakou city so far.

The company has a strong R & D force and a provincial technology center, which is not only a high-tech enterprise in Hebei Province, but also an intellectual property advantage cultivation enterprise in Hebei Province. The company has the core technology of independent R & D and manufacturing of crawler bulldozer. It is the only manufacturer in China that has the independent intellectual property rights of high drive bulldozer and realizes mass production. In 1998, it passed the quality system certification of Huaxin Technology Inspection Co., Ltd; In 2002, it passed the reevaluation and certification of 2000 edition of ISO9001 standard; In 2017, it passed the ISO 19001-2015 version change certification. The company's products have won the honorary titles of national, provincial ministries and industries for many times, and have a high reputation and brand influence in the construction machinery industry. In 2014, the company was officially selected into the national "famous, excellent and new electromechanical products catalogue", which is widely used in key engineering construction at home and abroad. The products are sold all over the country and are exported to Russia, South America, Southeast Asia, Africa and other countries There are more than 50 overseas countries and regions, including the Middle East.

In recent years, the company adheres to the development strategy of "boutique + differentiation" and comprehensively upgrades its products, forming new high-end product lines of sd5k, sd6n, sd7n (sd7k), sd8n and sd9n. Among them, sd7k is the world's first set of high drive electronic hydraulic bulldozer. After on-site testing at the national construction machinery test site, the driving performance, environmental protection performance and operation comfort of the product have reached the international advanced level, and become the company's top export product. At the same time, the company has also improved the cost-effective t series-3c upgrade products with Komatsu technology as the core, mainly including t140-3c, t160-3, t165-3c, ty165-3c, ty230-3 and corresponding wetland models. High end and middle end products go hand in hand to form a product spectrum with Xuangong characteristics, which can meet the needs of different customers.

In order to speed up its own development, in June 2017, Hebei Xuangong issued shares to purchase the assets of Silian Hong Kong and raised supporting funds and related party transactions, which were approved by China Securities Regulatory Commission. After the completion of this major asset restructuring, the company indirectly controlled South Africa palabora Mining Co., Ltd. (PMC) through its wholly-owned subsidiary Silian Hong Kong, and quickly realized the transformation from a single production and sales of construction machinery products to the development and operation of copper mine and vermiculite mine, as well as the processing, sales and service of self-produced mineral products.

PMC is the largest refined copper producer in South Africa, with stable end customer sales. As the second largest economy in Africa, South Africa has great potential for infrastructure development. The demand for refined copper such as copper bars (wires) will maintain a steady growth, providing a stable profit guarantee for the sustainable development of Hebei Xuangong.

After more than 60 years of development, Hebei Xuangong has accumulated a profound corporate culture and heritage. In the future, one belt, one road, Hebei, under the guidance of the nineteen spirit of the party, the propaganda workers of the Communist Party of China should take the opportunity of the "coordinated development of Beijing, Tianjin and Hebei" and the construction of the Xiong new area, adhere to the leading role of Science and technology, innovate the mechanism and enhance management, and focus on cultivating two new business development momentum around the "resource comprehensive development and construction machinery manufacturing". We should firmly walk out of a new road of transformation and development, leap forward and upgrade, strive to build Hebei Xuangong into a domestic leading and international first-class modern enterprise, and create more returns for the majority of shareholders.

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