On August 22 in Nanning, Guangxi, China Enterprise Confederation & China Enterprise Directors Association released the ranking of the top 500 enterprises of China in 2015, among which Yichang Xingfa Group Co., Ltd ranked 497. It is the first time that Xingfa Group has been included in the ranking. The goal of becoming the top 500 enterprises of China proposed by Provincial Party Standing Committee & Secretary of Municipal Party Committee Huang Chuping has been realized a year ahead. Xingfa Group has been the first county-owned enterprise to have ranked the top 500 enterprises of China.
Xingfa Group is a large-scale chemical enterprise with integration of resettlement, resource processing and foreign trade export in Xingshan County, Three Gorges Reservoir Region. Now it has 1 listed company and 70 subsidiaries and its total assets has reached RMB 24.8 billion ($ 38.6292835). In 2014, its sales revenue totaled RMB 26.2 billion ($ 40.8099584) and profits tax amounted to RMB 1.365 billion ($ 2.12616768). From January to July this year, its sales revenue reached RMB 17.663 billion ($ 27.5124611) and it earned $ 246 million foreign exchange through exports, respectively 10.7% and 43.04% increase from the same period last year. Secretary of County Party Committee Tan Yeming said that the steady development of Xingfa Group is the strongest engine leading economic development of Xingshan County.
Xingfa Group has developed in-depth fine phosphorous chemical engineering. Its product chain has been transformed from traditional industrial grade to food grade, pharmaceutical grade and electronic grade.
Its phosphate products has totaled 20 series over 80 varieties. The annual production capacity has reached 1 million tons. Among them, the production and sales volume of sodium tripolyphosphate and hexametaphosphate ranked the first in the world. The production and sales volume of Hypophosphite, dimethyl sulfoxide and yellow phosphorus ranked the first in China. Xingfa Group has become the manufacturing enterprise which has the most completed range and the widest variety of phosphate products in China. The production level as well as the production & sales scales of the phosphate products have been a global leader.
Relying on the innovative platform such as national enterprise technical center, national postdoctoral scientific research station, national laboratories and Hubei phosphorus chemical engineering center, Xingfa Group has developed a strategic partnership with many Fortune global 500 companies such as Procter & Gamble, Dow and Unilever. Besides, it has independently developed a large number of high-tech products. With 131 patents, it has led and participated in 42 national and industrial standards formulating. “XINGFA” has been identified as one of China famous trademarks. Sodium tripolyphosphate has also won the title of ‘the Chinese brand-name products’, which has effectively promoted industrial restructuring and upgrading. Xingfa Group is known as the benchmark company in China’s phosphorus chemical industry.
In recent years, Xingfa Group seized the national opportunity of “One Belt and One Road” as well as Yangtze River Economic Zone. Adhering to the “going out” strategy, it has established production bases in some places of Hubei Province such as Yichang, Yidu, Xiangyang and Shennongjia and in other provinces such as Chongqing, Xinjiang, Guizhou, Henan, Guangxi, Jiangsu and Yunnan. Moreover, it has set up many subsidiaries in the United States, Brazil, Germany and Hong Kong. It has also established offices in Vietnam. Its products are sold to more than 50 countries and regions of Asia, Europe, America and Africa, which has achieved the globalization of production and marketing network. When seeking to become stronger in fine phosphorous chemical engineering, Xingfa Group has also extended to silicon chemical industry. Meanwhile, it has marched towards other industries such as tourism, finance and logistics to realize diversified development.
(Reporter: Ye Xiaomei; Correspondents: Hong Jingmei, Ping Junliang)