Shaanxi Xinghua Chemistry Co., Ltd.
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 | On August 15, 1997, Shaanxi Xinghua Chemical Co., Ltd. (hereinafter referred to as "Xinghua Group" or "Company") was approved by the Shaanxi Provincial People's Government in document Shaanxi Zheng Letter [1997] No. 168. Shaanxi Xinghua Group Co., Ltd. (formerly known as "Xingping Fertilizer Plant" in Shaanxi Province, hereinafter referred to as "Xinghua Group") was the main initiator, in collaboration with Shaanxi Trust Investment Co., Ltd. and the Employee Stock Ownership Association of Shaanxi Xinghua Chemical Co., Ltd Zhongwu Three Gorges Materials Co., Ltd. and 17 other legal entities jointly initiated the establishment of a joint stock limited company. On August 29, 1997, it obtained its business license as a corporate entity from the Shaanxi Provincial Administration for Industry and Commerce. On March 9, 2009, with the approval of the China Securities Regulatory Commission's "Reply on Approving the Announcement of Shaanxi Yanchang Petroleum (Group) Co., Ltd. on the Acquisition Report of Shaanxi Xinghua Chemical Co., Ltd. and exempting it from its tender offer obligation" (Zhengjian License [2009] No. 198), the controlling shareholder of the company Xinghua Group was transferred to Shaanxi Yanchang Petroleum (Group) Co., Ltd. for free, and Yanchang Group became the indirect controlling shareholder of the company. Before the asset restructuring, the company mainly engaged in the production and sales of ammonium nitrate series products. It was a large domestic production enterprise with ammonium nitrate as the leading product, with stable product quality. The leading products were widely used in the civilian explosive industry and the compound fertilizer (compound) industry. At the end of 2015, the company had an annual production capacity of 800000 tons of ammonium nitrate, 300000 tons of compound fertilizer, 100000 tons of concentrated nitric acid, and 200 tons of carbonyl iron powder (800000 tons/year of ammonium nitrate production capacity includes 200000 tons/year of ammonium nitrate production capacity in the 300000 tons of compound fertilizer production equipment). After implementing a major asset restructuring in 2016, the company shifted its main business from ammonium nitrate to coal chemical products, shifting from the production and sales of inorganic chemical products to the production and sales of both inorganic and organic chemical products. Xinghua Chemical is a coal chemical production enterprise, whose main products are synthetic ammonia, methanol, methylamine, and DMF made from coal as raw materials. It has a basic production capacity of 300000 tons of synthetic ammonia, 300000 tons of methanol, and 100000 tons of methylamine/DMF per year. Xinghua Chemical has achieved stable and high production in recent years by adopting modern coal chemical production technology and scientific management in China, which has played a positive role in driving the local economy. |
| Headquarter | Xianyang |
| Establish Date | 8/29/1997 |
| Listed Code | 002109.SZ |
| Listed Date | 1/26/2007 |
| Chairman | Fan Mingxi. |
| CEO | Shi Lei. |
| Website | www.snxhchem.com |
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