On Aug. 18, the press conference of “Shanghai Top 100 Enterprises for 2020” was jointly held by Shanghai Enterprise Confederation, Shanghai Entrepreneur Association, Shanghai Federation of Economic Organizations, and Jiefang Daily in China Finance Information Center. Leaders from Shanghai Enterprise Confederation, Shanghai Entrepreneur Association, and Shanghai Federation of Economic Organizations, representatives from Shanghai’s top 100 enterprises, and media reporters attended the conference. The conference ceremoniously unveiled the rankings of Shanghai’s top 100 enterprises for 2020.

Pengxin International Mining Co., Ltd (hereinafter referred to as “Pengxin”) achieved business revenue of RMB 14,787,309,899.26 in 2019, up by 31.67% year-on-year, and achieved net profits of RMB 310,821,212.71 attributable to parent company owners, up by 56.65% year-on-year. With such strong growth, the company, which won great honors last year, continues its glory this year by ranking “75th among Shanghai’s top 100 enterprises”, “33rd among Shanghai’s top 100 private enterprises”, “22nd among Shanghai’s top 100 manufacturing enterprises”, “6th among Shanghai’s top 100 private manufacturing enterprises”, and “38th among Shanghai’s top 50 growth enterprises”.

Over the years, Pengxin has adhered to a global development strategy and been actively practicing China’s “Belt and Road Initiative” by cultivating Africa’s mineral resources and establishing omni-dimensional capacity cooperation. Through years of industrial development, the company has been continuously enhancing its strength in non-ferrous metals, particularly copper, gold, and cobalt, and establishing relevant supportive business units such as trade and finance, thus laying a solid foundation for its sustainable development. By embracing the development policies of “industry+finance, investment+M&A, and endogenous growth+extensional expansion” and by relying on the synergy of different business units, the company has realized the rapid development of its business scale and significantly enhanced its core competitiveness.

The company upholds the core values of “loyalty, commitment, responsibility, cooperation, and enterprising” and adheres to the business philosophy of “gathering social capital, developing natural resources, developing high and new technology, balancing the global market, and contributing to the sustainable development of human society”. On the basis of stabilizing overseas mining production, the company achieved growth at home and abroad and continues to deepen business transformation and upgrades. In early 2020, guided by President Xi Jinping’s idea for ecological civilization construction (“Lucid waters and lush mountains are invaluable assets”) and by the Ministry of Land and Resources’ instructions for accelerating mine ecology restoration, the company made a huge investment in Yunnan Xinxi Space Ecology Restoration Co., Ltd. to become its controlling shareholder. With mine ecology restoration as the entry point, the company signed its first deal and officially entered the green ecology restoration industry. Now the company is actively practicing a new industry chain and model for ecology restoration that combines “lawful exploitation, exquisite restoration, and industry implantation”.

By virtue of its solid industrial distribution, advanced mining, separation, and smelting technologies, and mineral products of outstanding quality, Pengxin has acquired great reputation and brand influence in domestic and overseas markets. In the future, the company will continue to develop towards the goal of becoming a leading global provider of integrated resources.