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Jintian Copper

From Wikipedia - Reading time: 5 min
Ningbo Jintian Copper (Group) Co., Ltd.
Company typePublic
SSE: 601609
Founded1986
FounderLou Guoqiang
Headquarters
Ningbo
Key people
Lou Cheng (chairman)
RevenueIncrease CN¥81.159 billion (2021)[1]
Websitewww.jtcopper.com

Jintian Copper (Chinese: 金田铜业; SSE: 601609), whose full name is Ningbo Jintian Copper (Group) Co., Ltd., also known as Jintian Group,[2] or simply as Jintian,[3] is a Chinese manufacturing company of copper and semi-finished products.[4] It was founded by Lou Guoqiang in 1986,[5] and is one of the largest copper-processing manufacturers in China.[6] Financed by Youngor Group,[7] the company focuses on the non-ferrous metal processing industry.[8] The firm is a member of CMRA,[9] and is licensed by it to import scrap metal.[10] The company's current chairman is Lou Cheng.[11]

Jintian was previously listed on the NEEQ,[12] and officially went public on the Shanghai Stock Exchange in April 2020.[13] The company was ranked 166th on the 2022 Fortune China 500 List.[14] Headquartered in Ningbo,[15] it has established presences in Vietnam,[16] Japan,[17] France, Germany, the United States,[18] among others. In addition, the firm was once the largest shareholder of Vancouver-based PBX Ventures.[19]

History

[edit]

Jintian was established in 1986, initially as a copper bar producer.[20] It was restructured into a joint stock company in 2001.[21] In 2008, its copper output placed first in China at that time.[22]

The company landed on the New Third Board in 2015.[23] In 2017, it set up its first overseas production base in Vietnam.[24] In 2018, its revenue reached 40.65 billion yuan.[25]

The total amount of copper processed by Jintian surpassed one million tons in 2019.[26] The trading of the company's shares started on the SSE in April 2020.[27]

References

[edit]
  1. ^ Zhenzhou Shen (April 20, 2022). "The net profit of Jintian Copper up 45% in 2021". Shanghai Securities Journal. Archived from the original on May 27, 2022.
  2. ^ "Jintian Group Reportedly Plans IPO In Hong Kong". MarketScreener. January 16, 2013. Archived from the original on May 26, 2023.
  3. ^ Adam Minter. "Reassessing and Regrouping". Institute of Scrap Recycling Industries. June 9, 2014. Archived from the original on May 26, 2023.
  4. ^ "FACTBOX-Mines and plants hurt by low prices, high costs". Reuters. October 21, 2008. Archived from the original on March 7, 2023.
  5. ^ "Primetals sending a second copper rod mill to China". Telegram & Gazette. April 17, 2016. ISSN 1050-4184. Archived from the original on March 6, 2023.
  6. ^ Tom Widter. "Pioneers at Heart" (PDF). Metals Magazine. Primetals Technologies. October 13, 2018. ISSN 2194-5381. Archived (PDF) from the original on March 8, 2023.
  7. ^ Joshua Ronen, Jennifer Ye. "Equity Financial Assets: A Tool for Earnings Management – A Case Study of the Youngor Group" (PDF). IFRS Foundation. October 17, 2018. Archived (PDF) from the original on March 7, 2023.
  8. ^ "Ningbo Jintian Copper(Group)'s IPO debut on Shanghai Stock Exchange today". China Knowledge. April 22, 2020. Archived from the original on April 25, 2020.
  9. ^ "CMRA advocates for mixed metals imports". Recycling Today. August 22, 2017. ISSN 1096-6323. Archived from the original on May 26, 2023.
  10. ^ Min Zhang and Shivani Singh. "China names more certified scrap metal suppliers and importers". Financial Post. February 26, 2021. Archived from the original on May 26, 2023.
  11. ^ "Jintian Copper: Announcement on Change of Chairman and Legal Representative". Sina. April 29, 2023.
  12. ^ Forbes Staff (September 14, 2018). "Forbes China Unveils NEEQ Top 100 List". Forbes. Archived from the original on March 6, 2023.
  13. ^ Liya Su. "Copper manufacturer Jintian lists at premium on Shanghai board". DealStreetAsia. April 22, 2020.
  14. ^ "Fortune China Announces the 2022 Fortune China 500 List". Fortune. July 13, 2022. Archived from the original on March 7, 2023.
  15. ^ Daichi Yamaguchi. "China's Jintian Copper establishes new production base in Japan". Nikkei.com. July 1, 2021. Archived from the original on May 26, 2023.
  16. ^ "Seamless Refined Copper Pipe and Tube from Vietnam" (PDF). United States International Trade Commission. August 13, 2020. Archived from the original (PDF) on October 4, 2022. Retrieved March 8, 2023.
  17. ^ "Chinese company, Ningbo Jintian Copper establishes corporation in Tokyo". Japan External Trade Organization. October 19, 2018. Archived from the original on April 20, 2021.
  18. ^ "Annex 1: List of Suppliers Whose Licenses Have Been Issued" (PDF). Institute of Scrap Recycling Industries. July 31, 2011. Archived (PDF) from the original on March 17, 2023.
  19. ^ Barry Critchley. "PBX Ventures Elects a New Board of Directors". Financial Post. October 26, 2012. Archived from the original on May 26, 2023.
  20. ^ "Primetals/Southwire sell 2 identical SCR rod mills to Chinese company". The Wire Association International. June 19, 2018. Archived from the original on May 26, 2023.
  21. ^ Huang Tao (April 15, 2020). "Jintian Copper Releases Its IPO Prospectus". 21st Century Business Herald. Archived from the original on March 11, 2023.
  22. ^ Jason Potts, Gabriel A. Huppé, Jason Dion, Vivek Voora, Maya Forstater. "Meeting China's Global Resource Needs" (PDF). International Institute for Sustainable Development. April 16, 2014. Archived (PDF) from the original on March 9, 2023.
  23. ^ Forbes China (April 23, 2020). "New billionaires born from a leading copper processing company". Forbes. Archived from the original on March 10, 2023.
  24. ^ "Jintian Copper Officially Landed on the Shanghai Stock Exchange". The Paper. April 22, 2020. Archived from the original on March 8, 2023.
  25. ^ "China's 'new third board' firms see net profit growth in 2018". China Daily. Xinhua News Agency. March 21, 2019. Archived from the original on May 26, 2023.
  26. ^ "Jintian Copper Holds Online Roadshow". Shanghai Securities Journal. April 10, 2020. Archived from the original on May 26, 2023.
  27. ^ "Ningbo Jintian Copper Group's Trading In Shares To Debut On April 22". Yahoo News. Reuters. April 20, 2020. Archived from the original on March 7, 2023.
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