Introduction of Zhejiang Liang Hai Co., Ltd.

By the end of 20 12, 12 and 3 1 year, Liang Hai had total assets of 6,435,757,700 yuan, net assets of 269,365 yuan160,000 yuan, asset-liability ratio of 58 15% and more than 4,000 employees. In 20 12, the company realized operating income of1349,952,700 yuan, total profit of 247,087,900 yuan, and net profit attributable to shareholders of listed companies of 233,529,200 yuan.

Liang Hai Joint-stock Technology Center is a national enterprise technology center, with CNAS national accredited laboratory, key laboratory of Ministry of Education, national postdoctoral research center and provincial enterprise research institute. The company has strong independent innovation ability, and has made obvious technical breakthroughs in the process, mold and new product development of copper pipes, copper water (gas) pipes and accessories, copper alloy pipes and precision copper bars for air conditioning and refrigeration. The technology and products developed by the company have won 7 Zhejiang Science and Technology Awards, Non-ferrous Metals Industry Association 15 Science and Technology Awards and many other international, industrial and provincial technological progress awards.

The development strategy of Liang Hai Co., Ltd. during the Twelfth Five-Year Plan period is: "The main business is refined and strong, entering the upstream industry through equity investment, developing the downstream industry through industrial extension, and developing other industries through brand expansion." The company has successively invested in Ningxia Bank Co., Ltd., Honghe Henghao Mining Co., Ltd. and Jinchuan Group Co., Ltd. through equity investment, and cooperated with MWANA AFRICA PLC to explore and develop copper and cobalt mines in the Democratic Republic of Congo. On the basis of perfecting and strengthening the main business of copper processing, Liang Hai will continue to extend to upstream and downstream industries and other industries, bringing new development opportunities and benefits to the company.