上市子公司

Listed Subsidiary

Brief introduction to Tibet Tianlu Co., Ltd.

Tibet Tianlu Co., Ltd. was founded on March 29, 1999 and is located at No. 14 Duodi Road, Lhasa City, Tibet. On January 16, 2001, the Company was successfully listed on Shanghai Stock Exchange (“Tibet Tianlu” for short, stock code: “600326”).

Tibet Tianlu now has 18 subsidiaries, including 3 wholly-owned subsidiaries, 8 holding subsidiaries and 7 joint-stock subsidiaries, and it engages mainly in construction, building material, nonferrous metals ore and finance lease as well as investment. The Company has class A qualification for specialized contract of highway pavement engineering and class A qualification for specialized contract of bridge engineering approved by the Ministry of Construction, and class B qualification for general construction contract of highway engineering, class B qualification for general construction contract of municipal public engineering, class B qualification for general construction contract of building construction engineering, class C qualification for general construction contract of railroad engineering and class C qualification for general construction contract of hydraulic and hydroelectric engineering approved by the Construction Department of Tibet Autonomous Region. As “a cement leader on the spine of the world”, the Company has a large scale in the building material industry, taps its market potential and opens up a professional, brand-based and group-level development path by virtue of brand advantage.

Proficient in construction, devoted to building material and involved in mineral product and investment, Tibet Tianlu, on the basis of diversified industry construction and with the aim of “developing enterprise, service the society and benefiting Tibet” and by virtue of strong economic and technical strength and good social prestige, has undertaken more than 150 national-level and municipality-level key projects. Based on continuously developing the domestic market and in order to keep a foothold in Tibet, integrate into the nation and go to the world, the Company has implemented investment operation, construction and talent cultivation strategies and has made an industrial layout across the country and in Nepal.

Consolidating step by step and going ahead steadily and surely, Tibet Tianlu not only made brilliant achievements but also won a lot of honors and enjoyed good fame nationwide. “Tianlu” has been identified as “a famous trademark of Tibet Autonomous Region”, titled by the State Council “National Advanced Employment Enterprise” and by the Organization Department of the CPC Central Committee “National Advanced Primary Party Organization”, honorably won hundreds of national-level and municipality-level awards such as “May 1st” Labor Medal, National Excellent Construction Enterprise and National Enterprise “Abiding by Contract and Being Trustworthy” and certified as national-level new high-tech enterprise in 2018.

In recent years, the Company energetically implemented the strategic target of “enhancing the construction industry, strengthening the building material industry, developing the mine industry and expanding the investment industry”, achieved new high in business performance year after year and made new achievements continuously. In 2019, the Company achieved total assets valued RMB 11.463 billion and net assets valued RMB 5.546 billion with a year-on-year growth rate of 33.84% and 29.08% respectively, operation revenue of RMB 5.621 billion with a year-on-year growth rate of 11.95%, total profit of RMB 940 million and net profit of RMB 833 million. Gaining rapid growth, the Company set a record again since its establishment. As a listed company, the Company also actively repaid shareholders and distributed cash dividends of RMB 191,715,952.96 to investors during 2016 to 2018.

Looking into the future, the Company will adhere to the quality policy of “building credit consciousness, excellent project and Tianlu brand”, persist in fine workmanship and high construction, strive to open up a 3.0 era of Tibet Tianlu of “entity+ capital + Internet”, build a national first-class enterprise and become a leader of high-quality development in the new era with an entirely new posture of “keeping a foothold in Tibet, integrating into the nation and going to the world”.

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Brief introduction to Tibet Gaozheng Civil Explosives Co., Ltd.

Tibet Gaozheng Civil Explosives Co., Ltd. is a state-owned holding enterprise that was founded on January 2, 2014 through overall change of Tibet Gaozheng Civil Explosive Materials Co., Ltd. and is qualified for production, sale, storage and transportation of civil explosives and blasting service.

The Company was officially listed on SME Board of Shenzhen Stock Exchange on December 9, 2016 (stock code: 002827, “Gaozheng Civil Explosives” for short). Located at No. 18 Linqionggang Road, Area A, Economic Development Zone, Lhasa City, the Company has a registered capital of RMB 276 million and registered trademark of “Yishan Brand” and mainly engages in production and sale of industrial explosives, industrial detonators, cord type explosive devices and various priming materials. With a capacity of 22,000t (12,000t latex and 10,000t ground mixed explosives), the Company has carried out businesses across Tibet, established sales branches everywhere, built warehouses consistent with standard management of civil explosives and is equipped with professional management, sale and security teams.

As a holding company of Liaoning Chengyuan Mine Development Co., Ltd., the Company bears class A qualification for design and construction of commercial blasting operation, safety assessment and safety supervision, class A qualification for general construction contract of mine engineering and class C qualification for specialized contract of environmental protection engineering and mainly engages in blasting design and blasting construction of project and general construction contract of mine engineering. As a holding company of Tibet Gaozheng Blasting Engineering Co., Ltd., the Company bears class C qualification for commercial blasting operation and class C qualification for general construction contract of mine engineering and mainly engages in construction of rock and soil blasting project and construction supervision service of blasting engineering. Tibet Gaozheng Transportation Service Co., Ltd., a wholly-owned subsidiary of the Company, is a second-level enterprise of safety production standardization with 100% certified employment and mainly engages in distribution and armored transportation of civil explosives.

Facing new opportunities and challenges, the Company will make good use of the capital market, stick to institutional innovation, management innovation, technological innovation and service innovation and strive to broaden civil explosives industry chain and enhance market competitiveness. In accordance with the cultural concept of “striving for being advanced and first”, the tenet of “safety, diligence, compliance and advance” and the service concept of “quality first, reputation foremost, customer orientation and win-win cooperation”, the Company will focus on on safety production, sale, storage and transportation, provide new and old customers with best service, realize the goal of government trust, customer satisfaction and profitability and make contributions to building “a well-to-do, safe, harmonious and ecological Tibet”.