Hai finance and securities herald on January 21 (trainee reporter Lin Shiwei) On January 21, Nangang Co., Ltd. (600282) announced that its subsidiary Hainan Jinmancheng Technology Investment Co., Ltd. obtained the "Enterprise Overseas Investment Certificate" issued by the Hainan Provincial Department of Commerce on January 20, 2022 on this overseas investment.
This announcement mainly explains the progress of the 3.9 million tons of coke project implemented by Nangang Steel Co., Ltd. in the overseas investment and establishment of a joint venture company. According to the announcement, on August 13, 2021, PT. KinXiang New Energy Technologies Indonesia (Chinese name: Indonesia Jinxiang New Energy Technology Co., Ltd., hereinafter referred to as "Jinxiang New Energy") signed a contract of incorporation certified by the Indonesian Ministry of Justice and Human Rights; on August 27, 2021, Jinxiang New Energy obtained the "Business Registration Certificate" (NIB) and completed the establishment registration.
On January 4, 2022, Hainan Jinmancheng Science and Technology Investment Co., Ltd. (hereinafter referred to as "Hainan Jinmancheng"), a subsidiary of the Company, obtained the Notice of Filing of Overseas Investment Projects (No. 4 [2022] of the National Development and Reform Commission of the People's Republic of China) on this overseas investment. According to the Administrative Measures for Overseas Investment of Enterprises (Decree No. 11 of the National Development and Reform Commission), the investment and construction of a coke project with an annual output of 3.9 million tons in Indonesia by Hainan Jinmancheng and others will be filed for the record.
On January 20, 2022, Hainan Jinmancheng obtained the "Enterprise Overseas Investment Certificate" (Overseas Investment Certificate No. N4600202200010) issued by the Department of Commerce of Hainan Province on this overseas investment.
It is understood that coke, as the main raw material and fuel in the metallurgical, mechanical and chemical industries, is the largest consumption of blast furnace ironmaking in the metallurgical industry, accounting for more than 80% of the total consumption of coke. Metallurgical coke is the main fuel and reducing agent for long-process blast furnace ironmaking. Since the cost of steelmaking is greatly affected by the price of raw materials such as iron ore and coking coal, in recent years, NANSCO has promoted the layout of the company's global raw fuel resources by building a coke supply base, stabilizing the supply chain and reducing production costs.
In November 2020, Nangang Steel Co., Ltd. announced that its subsidiary Hainan Jinmancheng Technology Investment Co., Ltd. intends to cooperate with Guangdong Jirui Technology Group Co., Ltd., PT. Indonesia Morowali Industrial Park and Hainan Dongxin Enterprise Management Partnership (Limited Partnership) jointly established Jinrui New Energy Technology Co., Ltd. in Qingshan Industrial Park, Indonesia, to implement a coke project with an annual output of 2.6 million tons, with a total investment of US$383.484 million. According to the agreement, Hainan Jinmancheng Technology Investment Co., Ltd. holds 78% of the shares.
In June 2021, Nangang Steel Co., Ltd. announced that in order to further promote the company's globalization strategy, especially the layout of global raw fuel resources, after market research and feasibility analysis, the company's subsidiary Hainan Jinmancheng intends to sign the "Indonesia Jinxiang New Energy Technology Co., Ltd. Annual Output of 3.9 million tons of Coke Project Joint Venture Agreement" with Hainan Dongxin, NEW ERA, Xuyang Investment and Shagang Coal and Coke, and jointly set up Jinxiang New Energy in Qingshan Industrial Park to be responsible for the implementation and operation of the second phase of the coke project. The second phase of the coke project plans to build six 65-hole 5.5-meter single-heat tamping coke ovens and two sets of gas purification devices and some supporting facilities, with an annual production capacity of 3.9 million tons of coke and an estimated total investment of US$545 million. According to the agreement, Hainan Jinmancheng holds 51% of the shares.
It is reported that Nanjing Iron and Steel United Co., Ltd. (hereinafter referred to as "Nangang Steel") is a large steel enterprise in Jiangsu Province jointly established by Nanjing Iron and Steel Group Co., Ltd. and three companies under Shanghai Fosun Group. In September 2000, the company was listed on the Shanghai Stock Exchange (600282). Nangang Steel Co., Ltd. has a complete "iron ore mining and dressing - coking - sintering - pellets - ironmaking - steelmaking (including refining) - rolling steel (including heat treatment)" full process of production process. The company takes special plates and special steel long products as the leading products, and the products are widely used in energy, shipbuilding and offshore, engineering machinery, building structures, rail transit, bridges, automobiles and other industries. Nangang Steel Co., Ltd. has an annual production capacity of 10 million tons of crude steel, and has established stable partnerships with downstream customers such as PetroChina, Sinopec, CNOOC, China Merchants, COSCO, XCMG Machinery and so on. At present, Nangang Steel Co., Ltd. has completed market distribution in Europe, South Korea, India, the Middle East and Southeast Asia. At present, Nangang Steel Co., Ltd. implements the dual main business development strategy of "steel + new industry", and strengthens the steel industry body and enhances the competitiveness of the steel industry through continuous scientific and technological innovation; At the same time, we will accelerate the development of emerging industries such as energy and environmental protection, and build the company into an integrated service provider with global competitiveness and an organic whole of "advanced material intelligent manufacturing platform in the steel field" and "new industries such as energy and environmental protection and intelligent manufacturing".
In terms of performance, according to the performance report of the first three quarters of 2021 released by Nangang Steel Co., Ltd., the company achieved operating income of 59.155 billion yuan during the period, an increase of 53.02% year-on-year, and the net profit attributable to the shareholders of listed companies was 3.469 billion yuan, an increase of 72.87% year-on-year.
【Source: Nanhai Network】
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