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 Resources Co., Ltd. Pengxin Global Resources Co., Ltd. was registered and established at the Shanghai Municipal Administration for Industry and Commerce on September 29, 2000, and its legal representative is Wang Bing.

The company's business scope

The business scope includes general items: sales of metal ores; sales of metal materials; sales of gold and silver products; sales of coal and products; coal washing; engaged in with its own funds Investment activities; property management; social and economic consulting services; sales of chemical products (excluding licensed chemical products); import and export of goods; import and export of technology; import and export agency; sales of rubber products; domestic trade agency; sales of communication equipment. (Except for projects that require approval according to law, business activities can be carried out independently with a business license in accordance with the law) Licensed projects: mineral resource exploration; real estate development and operation; import and export of gold and its products. (Projects that require approval according to law can only be carried out with the approval of relevant departments. Specific business projects are subject to the approval documents or licenses of relevant departments)

History of the company’s predecessor

Peng Xin Global Resources 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 600490.

In December 2008, Shanghai Pengxin (Group) Co., Ltd. (hereinafter referred to as "Pengxin Group") acquired 70% of the largest shareholder of Shanghai Zhongke Hechen Chemical Co., Ltd. Equity, thereby indirectly controlling 34.24% of Zhongke Hechen’s shares.

From July 25, 2013, upon approval by the Shanghai Stock Exchange, the company’s securities name was changed from “Shanghai Zhongke Hechen Co., Ltd.” to “Pengxin Global Resources Co., Ltd.”, and the securities abbreviation 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 metal copper, gold, cobalt, etc. 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, deploys copper, cobalt, gold and other non-ferrous metals, precious metals and new energy industry-related minerals globally, and at the same time supports related international trade and financial investment businesses, and implements international, The large-scale, industry-leading diversified development strategy makes unremitting efforts to transform and upgrade from a mineral resource producer and seller to a world-leading comprehensive resource service provider.

The Company’s Business Segment

The Mining Segment is committed to utilizing the company’s existing industrial resources and experience to actively connect with large-scale high-quality mineral resources around the world, focusing on non-ferrous metals, precious metals, lithium, cobalt, nickel, etc. Emerging minerals related to new energy industry.

The financial sector is committed to integrating domestic and overseas resources of listed companies, keeping pace with the times, and expanding financial business layout. The company actively cooperates with domestic and foreign banks, securities firms and other financial institutions in investment and financing business. During the reporting period, the company completed various financial businesses, used raised funds and part of its own funds for financial management business, developed and maintained credit channels, investment project management and exit, supply Chain financing, etc., to meet the company's diversified financial needs and provide assistance for the company's reserve project advancement and business development.

The trading segment is based on the output of the company's own mines and is committed to making full use of domestic and foreign resources to create a first-class trading platform with international competitiveness and realize the optimal allocation of bulk commodities on a global scale. The company's other business units provide trade-related services.