Jinrui Technology has one of the largest manganese trioxide plants in Asia and one of the largest electrolytic manganese metal production bases in China. It has a leading position in quality and cost in the same industry, and its domestic market share remains above 60%. At the same time, the company's leading products include synthetic powder blocks for synthetic diamond, high-grade synthetic diamond and diamond micro-powder, diamond tools and other super-hard materials. In the case of diamonds, domestic competition tends to be fierce. The company plans to gradually fade out diamonds. In order to avoid a sharp decline in the performance of the company's fading out of diamond operations, the major shareholder Changsha Mining and Metallurgical Research Institute and the company jointly invested in the establishment of Jintian Energy Materials Co., Ltd. in 2006. And the company holds 47% of the shares. It is reported that the major shareholders' investment in Jintian Energy's Xiangtan Power Materials Division is excellent, and the "High Activity Nickel Hydroxide Production Technology" independently researched and developed by the Intangible Assets Mining and Metallurgical Institute is listed in the National 863 High Technology Development Plan and is listed as Major projects, products produced using this technology have been used in large quantities for high-capacity batteries and power batteries. The company's current spherical nickel hydroxide capacity is 2,000 tons, 2005 revenue of 100 million yuan, net profit of 10 million yuan, began to merge into the consolidated statement in July 2006, the third quarter of 2006 contributed more than 20 million yuan. Therefore, we believe that the parent company of Jinrui Technology will continue to inject benign assets.
According to public information, Changsha Institute of Mining and Metallurgy, the major shareholder of Jinrui Technology, was established in 1955. In June 1999, it was transformed into a large-scale technology enterprise directly under the Central Government and managed by the Central Enterprise Work Committee. On May 15, 2000, it was officially registered with the State Administration for Industry and Commerce and administered by the State-owned Assets Supervision and Administration Commission of the State Council.
The Changsha Research Institute of Mining and Metallurgy has gradually formed and established two major business systems for the development and production of mineral resources (research, design, engineering) and the development and production of new materials. In terms of mineral resources development and utilization, Changsha Mining and Metallurgy Research Institute has four major subjects: mining, mineral processing, metallurgy and materials.
In terms of the development and production of new materials, the Changsha Research Institute of Mining and Metallurgy has gradually formed a high-tech industrial cluster with independent intellectual property rights. The main products are distributed in the fields of electronic basic materials, power materials and superhard materials. Among them, the products of electronic basic materials mainly include electrolytic manganese metal, trimanganese tetraoxide, soft ferrite magnetic core, etc.; products of superhard materials mainly include catalyst, diamond single crystal, diamond products, etc.; Nickel oxide, lithium cobalt oxide, and the like.