On August 19th, 2019 Shanghai Top 100 Enterprises release conference jointly sponsored by Shanghai Enterprise Confederation, Shanghai Entrepreneur Association, Shanghai Federation of Economic Organizations and Liberation Daily was held in the banquet hall of Renaissance Shanghai Hotel, and leaders of Shanghai Enterprise Confederation, Shanghai Entrepreneur Association and Shanghai Federation of Economic Organizations, and representatives of Shanghai Top 100 Enterprises and news media reporters attended the meeting. 

The list of 2019 Shanghai Top 100 Enterprises was grandly released that day. In 2018, Pengxin International Mining Co., Ltd. had a sales income of RMB 14,138,028,296.51 Yuan and realized a net profit attributable to shareholders of listed companies of RMB 198,422,794.66 Yuan. With its steady growth momentum, the company has won its glory again and named to a number of lists, such as “The 70th of Shanghai Top 100 Enterprises”, “The 27th of Top 100 Private Enterprises in Shanghai”, “The 22nd of Top 100 Manufacturing Industry Enterprises in Shanghai”, “The 6th of Top 100 Private Manufacturing Industry Enterprises in Shanghai” and “The 2nd of Top 50 Growing Enterprises in Shanghai”, and the ranking in various lists has been downgraded significantly compared with last year. 

It was pointed out that the business scale of top 100 enterprises in Shanghai continues to expand, and the economic benefits assume a growth trend, and driven by innovation, enterprises are experiencing innovation-driven transformation and upgrading, so that the quality of enterprise development has been significantly improved. Data revealed that there is a substantial increase of nearly 1 billion Yuan in the threshold for the top 100 finalists this year, up from 4.99 billion Yuan last year to 5.96 billion Yuan. 

Over a long term, Pengxin Mining has been adhering to the development strategy of “going out” and actively responding to the “One Belt and One Road” initiative of the state, devoting itself in African mineral resources and creating all-round production capacity cooperation. After years of deep industrial cultivation, the company has established an industrial chain with copper and gold mining and metallurgy as its core businesses in Congo (Kinshasa) and South Africa, and simultaneously it has focused on new energy industry related minerals, such as nickel, cobalt, lithium and other new materials. Insisting on industrial upgrading and always implementing the “advantages-opportunities” business strategy, the company has committed to making full use of domestic and foreign resources, and attached most importance to high-quality copper, cobalt, gold and other in-production projects, while continuing to focus on tracking a series of key mining projects and actively carrying out major mergers and acquisitions at home and abroad. In the meantime, the company has established a bulk commodity trading platform of multiple profit models and realized the optimal allocation of bulk commodities around the world through vigorously expensing upstream high-quality mine resources based on its own mine resources. The company has established a good reputation and enterprise brand influence in Africa, even the global market, by virtue of its solid industrial layout, advanced mining, selecting and smelting technology and its excellent quality mineral products. 

In the future, the company will continue adhering to the development route of “industry + finance, investment + mergers & acquisitions” and “endogenous growth + denotative expansion” to move forward towards “the leading global provider of integrated resources” step by step.