Is Pengxin Resources a State-owned Enterprise or a Central Enterprise?

Pengxin Resources is not a state-owned enterprise or a central enterprise, but a private listed company. The full name of Pengxin Resources is Pengxin global sources Co., Ltd., and Pengxin global sources Co., Ltd. was registered in Shanghai Administration for Industry and Commerce on September 29, 2000, and its legal representative is Bing Wang.

Business scope of the company

Business scope includes general items: metal ore sales; Sales of metal materials; Sales of gold and silver products; Sales of coal and products; Coal washing; Engage in investment activities with its own funds; Property management; Socio-economic consulting services; Sales of chemical products (excluding licensed chemical products); Import and export of goods; Technology import and export; Import and export agent; Sales of rubber products; Domestic trade agent; Sales of communication equipment. (Except for projects subject to approval according to law, business activities shall be independently carried out according to law with business licenses) Permitted projects: mineral resources exploration; Real estate development and management; Import and export of gold and its products. (Projects subject to approval according to law can only be operated after approval by relevant departments. Specific business projects shall be subject to the approval documents or licenses of relevant departments. )

The predecessor history of the company

Pengxin global sources Co., Ltd., formerly known as Shanghai Zhongke Hechen Co., Ltd., was established in Shanghai, China in September 2000 and listed on the Shanghai Stock Exchange in 2003 with the stock code of 600490.

From June 5438 to February 2008, Shanghai Pengxin (Group) Co., Ltd. (hereinafter referred to as "Pengxin Group") acquired 70% equity of Shanghai Zhongke Hechen Chemical Co., Ltd., the largest shareholder of Zhongke Hechen, thus indirectly controlling 34.24% equity of Zhongke Hechen.

On July 25th, 20 13, with the approval of Shanghai Stock Exchange, the name of the company's securities was changed from "Shanghai Zhongke Hechen Co., Ltd." to "Pengxin global sources Co., Ltd." and the short name of the securities was changed from "Zhongke Hechen" to "Pengxin Resources". The company's stock code remains unchanged at 600490.

The company's main business

The company's main business is the mining, processing, smelting and sales of non-ferrous metal mineral resources, including copper, gold and cobalt. In addition, the company's business scope also includes trade and finance. The company adheres to the development and utilization of mineral resources as its core business, and distributes non-ferrous metals, precious metals and minerals related to new energy industries around the world. At the same time, it supports related international trade and financial investment businesses, implements an international, large-scale and industry-leading diversified development strategy, and makes unremitting efforts to transform and upgrade from a producer and seller of mineral resources to a leading comprehensive resource service provider in the world.

Corporate business group

The mining sector is committed to making use of the company's existing industrial resources and experience, actively contacting the world's large-scale high-quality mineral resources, focusing on emerging minerals related to new energy industries such as nonferrous metals, precious metals, lithium cobalt and nickel.

The financial sector is committed to integrating the resources of listed companies at home and abroad, advancing with the times and expanding the layout of financial business. The company actively cooperates with domestic and foreign banks, securities companies and other financial institutions in investment and financing business. During the reporting period, we completed various financial businesses, used raised funds and part of our own funds for financing business, developed and maintained credit channels, managed and withdrew investment projects, provided supply chain financing, met the diversified financial needs of the company, and provided help for the promotion and business development of the company's reserve projects.

Based on the output of the company's own mines, the Trade Section is committed to making full use of domestic and foreign resources, building a first-class trading platform with international competitiveness, realizing the optimal allocation of bulk commodities on a global scale, and providing trade-related services to other business divisions of the company.