China Metal Resources Utilization Co., Ltd. is a rapidly growing manufacturer of recycled copper products in southwestern China. It is listed on the main board market of the Hong Kong Stock Exchange. The company wholly owns five domestic subsidiaries: Mianyang Jinxin Copper Co., Ltd., Mianyang Tongxin Copper Co., Ltd., Hunan UnionPay Xiangbei Copper Co., Ltd., Sichuan Bao and New Century Cable Co., Ltd., Mianyang Baohe Taiyue Communication Cable Co., Ltd., and also owns Mianyang Gold Cycle Metal Materials Co., Ltd., and two participating companies: Sichuan Baohe Fushan Renewable Resources Development Co., Ltd., Mianyang Xinhuan Aluminum Co., Ltd.
The company covers a total area of 550 acres, with a total construction area of 200,000 square meters, and a total project investment of 1.5 billion yuan. It has implemented “recycled copper resource processing project”, “60 ton and 100 ton copper rod production line project”, “copper rod processing project with an annual output of 50,000 tons”, “recycled copper project with an annual output of 100,000 tons”, “special cable project with an annual output of 3,000 kilometers”, “halogen-free new green and environmentally friendly cable project”, “30,000 tons of energy-saving and environmentally friendly special enameled wire project”, and “200,000 tons of copper waste copper anode plate project per year”, and initially formed copper recycling to form copper recycling Processing and production of various copper products as raw materials The recycled copper industry chain fully integrates the upstream and downstream relationships of recycled copper, and has become the largest recycled copper industry cluster in southwestern China. In 2013, it achieved sales revenue of 4.16 billion yuan and tax revenue of 290 million yuan; completed sales revenue of 4.86 billion yuan in 2014; and achieved warehousing tax of 640 million yuan.
The company currently has 915 employees and 82 technical research and development personnel, including 7 doctorates, 18 masters, 9 senior engineers, 7 senior technicians, and 66 people with intermediate titles. It has obtained 34 national patents.
Adhering to the corporate development concept of “innovation, mission and focus”, the company is committed to the circular economy industry and green development, and focuses on energy saving and environmental protection. The company applied the new enhanced smelting technology, pure oxygen combustion technology, thermal storage combustion technology and waste heat recovery equipment developed and promoted by the national renewable non-ferrous metals industry. The comprehensive energy saving reached 55%; the environmental protection investment was 50 million yuan; all industrial wastewater was recycled to achieve zero emissions. Domestic sewage was treated with integrated biochemical facilities and discharged according to standards; industrial flue gas was treated through advanced bag collection (removal) facilities to meet the “Industrial Furnace Soot Emission Standards”; process waste gas was discharged to standards after low light resonance and activated carbon adsorption treatment. Based on the company's production capacity scale, compared with virgin copper, it saves 421.6 million tons of standard coal each year, saves 15,800 cubic meters of water, reduces solid waste emissions by 1,520 tons, and reduces sulfur dioxide emissions by 5.48 tons.
In its value-creating activities, while being responsible to customers and shareholders, the company actively assumes social responsibility, and has made great contributions in public welfare fields such as helping the disabled with employment, student aid, disaster relief, and public environmental publicity. Of the 6 subsidiary companies, 3 are social welfare enterprises, providing stable employment for 405 disabled people. Disabled employees account for 44.3% of the total number of employees. The company has been awarded titles such as “China's Top 100 Welfare Enterprises” and “Caring Enterprises” by the China Welfare Association.
The company plans to increase recycled copper production capacity by 500,000 tons per year over the next three years. By 2017, the recycled copper processing volume will exceed 1.5 million tons, annual sales will exceed 100 billion yuan, and tax revenue will exceed 5 billion yuan, becoming a model for China's circular economy industry.