Hunan Tianrun Industry Holding Co., Ltd. (002113)

Hunan Tianrun Industry Holding Co., Ltd. (002113)

Hunan Tianrun Chemical Industry Development Co., Ltd. is the first joint-stock enterprise in large and medium-sized state-owned industrial enterprises in Hunan Province, which was approved by Yueyang Municipal People's government and Hunan Branch of the people's Bank of China in 1988 on the basis of wholly-owned restructuring of the original Yueyang chemical fertilizer plant.

The company mainly deals in the production and sales of chemical fertilizer products such as urea, ammonium bicarbonate, liquid ammonia and crude alcohol. It has the production capacity of 180000 tons of synthetic ammonia (intermediate product), 200000 tons of urea, 40000 tons of ammonium carbide, 40000 tons of liquid ammonia and 20000 tons of crude alcohol. It has become one of the major fertilizer production enterprises in Hunan Province. Yueyang Finance Bureau of Hunan Province is the first shareholder of the company. In July, 2004, the company won the title of top 500 chemical industry and top 100 chemical fertilizer in the statistics of China chemical industry 500 sponsored by China Chemical Enterprise Management Association and world enterprise laboratory (wel).

The company has 52 million shares of total capital, of which 26.52 million are state shares, accounting for 51% of the total capital; 5.98 million legal persons, accounting for 11.5% of the total share capital; Personal shares are 19.5 million shares, accounting for 37.5% of the total share capital. Since the reform, the company has been adhering to the leading of science and technology, taking management as the source, taking reform as the motive force, taking talents as the foundation, taking quality as life, serving users as the task, making scientific and reasonable decisions, rigorous and practical work, uniting and striving, pioneering and enterprising, making the enterprise scale stronger and bigger, and all economic and technological indicators ranking the forefront of the same industry in Hunan Province. By the end of 2001, the company had a total assets of RMB 400 million, a total output value of RMB 204860000 and a tax of 6.45 million yuan. The company has 688 employees, with an annual output of 200000 tons of urea, 60000 tons of liquid ammonia and 20000 tons of methanol production units, has become an important fertilizer and chemical raw material production base in Hunan Province, and is one of 47 key dispatching enterprises in Hunan Province. The company has successively won more than 20 provincial and ministerial honorary titles, including "excellent chemical enterprises in Hunan Province", "advanced unit of Hunan civilized construction", "advanced enterprise of chemical fertilizer production in China", "six best chemical enterprises in China" and "national second-class enterprise".

According to the development strategy of the "Tenth Five Year Plan" of the national fertilizer industry and the vision goal of 2015, the company is determined to seize the great opportunity of restructuring and developing the economy of the central and western regions of China's chemical fertilizer industry, give full play to the institutional advantages, capital advantages and management advantages of joint-stock enterprises, take market-oriented, benefit as the center, rely on scientific and technological progress to adjust industrial structure, Through capital operation, we will accelerate the expansion of the company, and gradually form a new pattern of business strategy of "outstanding main business, strong scale, optimized structure and diversified development", so as to ensure the company's sustainable, rapid and healthy development. By the end of 2006, the company invested 390million yuan of 200000 tons / year urea based high concentration compound fertilizer technology reform project, 2 × The three construction projects, such as the 12MW combined thermal power combined production and 200000 tons / year large particle urea energy saving and technical transformation project, will be completed and put into operation in an all-round way. The total assets of the company will reach 1billion yuan, the net assets will reach 600 million yuan, the annual sales revenue will be RMB 1billion and the annual net profit will be 100million yuan.

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