Fujian Cement Inc.
Summary
Revenue :
000,000 M USD
Finance :
000,000 M USD
Earning Cap :
000,000 M USD
Invest :
000,000 M USD
R & D :
0000 People
Growth :
00% AGR
DIGDAL CAP
Overview
| General Introduction | Fujian Cement Co., Ltd. (referred to as Fujian Cement, stock code: 600802) is a strategic business unit under Fujian Energy and Petrochemical Group Co., Ltd. It is one of the first five listed companies in Fujian Province to be listed in a standardized manner. Fujian Cement, formerly known as Yong'an Cement Plant in Fujian Province, was founded in January 1959. The first domestic semi dry process cement production line (Liber Kiln Production Line) broke ground on December 15, 1959 at the Yong'an Pit. After suspension and reconstruction, it was completed and put into operation in April 1972. In January 1975, the second semi dry cement production line was completed and put into production. In 1987, a newly expanded suspension preheater clinker production line was completed and put into operation. On May 1, 1986, with the approval of the People's Government of Fujian Province, it was renamed as "Fujian Cement Factory". In November 1993, a joint-stock company was restructured and established, renamed as "Fujian Cement Co., Ltd.". On January 3, 1994, the company's shares were listed on the Shanghai Stock Exchange. In December 1998, Fujian Cement and Fujian Shunchang Cement Plant achieved a strong alliance between the two major cement enterprises in the province, becoming a national large-scale cement production enterprise. In 2000, the headquarters of Fujian Cement moved from Yong'an to Fuzhou Jianfu Building, and in October 2015, it moved to Funeng Fangyuan Building. When Fujian Energy Group Co., Ltd. (hereinafter referred to as Funeng Group) was established in 2009, Fujian Cement was a subsidiary of Building Materials Holding Company, which is the second level subsidiary of Funeng Group. In January 2013, when Funeng Group restructured its wholly-owned building materials holding company again, the controlling shareholder of Fujian Cement Company remained unchanged, and its executive team was directly managed by the group company. In July 2014, with the approval of the State owned Assets Supervision and Administration Commission of Fujian Province, it was agreed to introduce China Resources Cement Investment Co., Ltd. (referred to as "China Resources Cement Company"). Funeng Group completed strategic cooperation with China Resources Cement in the cement and concrete industry by increasing capital and shares in the wholly-owned building materials holding company (Funeng Group holds 51% of the equity, while China Resources Cement holds 49%). Starting from January 2015, the restructured Building Materials Holding Company, as the controlling shareholder of Fujian Cement Company, exercises the decision-making and management functions of the controlling shareholder in accordance with the "Articles of Association of Fujian Cement Co., Ltd." in accordance with the law. By 2019, the total assets of the company reached 3.934 billion yuan, with a controlling shareholder in China accounting for 28.78% of its assets. It owns Fujian Yong'an Jianfu Cement Co., Ltd., Fujian Ansha Jianfu Cement Co., Ltd., Fujian Yong'an Jinyin Lake Cement Co., Ltd., Fujian Cement Co., Ltd. Stone Refining Water and Mud Plant, Fujian Strait Cement Co., Ltd., Fuzhou Stone Refining Cement Co., Ltd Fujian Ningde Jianfu Building Materials Co., Ltd. and 7 other cement clinker production bases, 12 limestone mines, 4 new dry process cement production lines with a daily output of 4500 tons of clinker (with another under construction 1 4500 ton/day rotary kiln and 2 cement mills), 2 new dry process cement production lines with a daily output of 2500 tons of clinker, and 12 production lines with a total cement grinding capacity of 12.3 million tons. The cement production capacity and sales scale have entered the ranks of tens of millions of tons of enterprises. According to the relevant provisions of the Company Law, Fujian Cement has established a corporate governance structure consisting of a shareholders' meeting, a board of directors, a management team, and a supervisory board that balances the division of power, responsibility, and benefits. The headquarters has 12 departments, including an office, finance and asset management department, audit room, party and mass work department, disciplinary inspection and supervision room, operation department, development and investment department, human resources department, intelligence and information department, legal department, procurement department, EHS department, etc. The market department has sales areas in Fuzhou South, Fuzhou North, Ningde, Sanming, Nanping, Quanzhou, Putian, Xiazhang, Dehua, and other places. By 2019, there were 1881 on-the-job employees, including nearly 200 with professional and technical titles of medium to senior level or above, and nearly 140 highly skilled personnel with technician or above. The company has established corresponding career development channels based on the three ranks of management talents, professional talents, and skilled talents, with clear promotion space and development direction for employees. Jianfu Brand and Lianshi Brand are two cement brands produced by Fujian Cement. Their main products include ordinary Portland cement (P.O52.5, P.O42.5R, P.O42.5, P.II42.5), composite Portland cement (P.C32.5R, P.C32.5), and volcanic ash Portland cement (P.P32.5R, P.P32.5). The cement products produced by Fujian Cement have the characteristics of stable quality, good uniformity, early strength, fast hardening, high strength, good frost resistance and wear resistance, low alkali content, and relatively low hydration heat. They are widely used in key engineering construction and landmark buildings in the province and are the preferred designated products by major architectural design institutes in Fujian Province.Fujian Cement has established an integrated management system in accordance with international standards such as ISO9001, ISO14001, OHSAS18001, and ISO10012, and has obtained four national quality certifications for products, quality, environment, and occupational health and safety. It is at the forefront of its peers in the country in terms of system construction and certification. Fujian Cement has a well-established party organization and group organization structure. The committee of the Communist Party of China Fujian Cement Co., Ltd. consists of three grassroots party committees, namely the Yong'an Jianfu Party Committee, the Stone Refinery Party Committee, and the company's directly affiliated party committee, as well as four general party branches, including Jinyin Lake Cement, Ansa Jianfu, Fuzhou Lianshi, and Yong'an Jianfu Retirement. There are a total of 34 party branches with 701 party members, including 318 on-the-job party members, accounting for 16.54% of the total number of on-the-job employees. At the same time, the headquarters and production enterprises also have corresponding trade union organizations. Strengthen the positive empowerment of employees to guide the improvement of enterprise management, and lead high-quality development with high-quality party building. The "133" Party Building Work Evaluation System Innovation "launched in 2015 and the" Problem Setting Leading Problem Solving "innovation project launched in 2017 respectively won the" Party Building Work Innovation Award "from Funeng Group. Fujian Cement has been rated as a user satisfaction enterprise in Fujian Province every year. "Jianfu" and "Lianshi" universal Portland cement has been selected as a user satisfaction product in Fujian Province every year, and has been shortlisted as one of the "2013 Top 500 Building Materials Enterprises in China". Fujian Cement has successively been awarded as a unit of harmonious labor relations in Fujian Province in 2010, a exemplary organization of national energy conservation in 2012, an advanced grass-roots party organization in Fujian Province in 2015, an advanced enterprise of party building work in Funeng Group in 2015-2016 In 2016, the "Four Good" leadership team of Funeng Group, and in 2019, Fujian Province Green Factory (Ansa Jianfu, Strait Cement) were awarded titles. |
| Headquarter | Fuzhou |
| Establish Date | 11/27/1993 |
| Listed Code | 600802.SH |
| Listed Date | 1/3/1994 |
| Chairman | Wang Jinxing. |
| CEO | Hua Wanzheng. |
| Website | www.fjcement.com |
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