Baiyin Nonferrous

Baiyin Nonferrous Group Co., Ltd. known also as BNMC[nb 1] is a Chinese company based in Baiyin, Gansu Province, China. The company was the main copper supplier in China.[2]

Baiyin Nonferrous Group
BNMC
public
Traded asSSE: 601212
PredecessorBaiyin Nonferrous Metal Corporation
Founded
  • 1954 (predecessor)
  • 24 November 2008 (2008-11-24)
HeadquartersNo.96, Youhao Road,,
Baiyin District, Baiyin City, Gansu Province
,
People's Republic of China
ProductsCopper, Zinc, Lead, Silver, Gold
Revenue CN¥55.950 billion (2016)
CN¥00635 million (2016)
CN¥00252 million (2016)
Total assets CN¥44.421 billion (2016)
Total equity CN¥11.122 billion (2016)
Website
Footnotes / references
in consolidated financial statement[1]
Baiyin Nonferrous Group Co., Ltd.
Simplified Chinese白银有色集团股份有限公司
Traditional Chinese白銀有色集團股份有限公司
Baiyin Nonferrous
Simplified Chinese白银有色
Traditional Chinese白銀有色

Since 15 February 2017, Baiyin Nonferrous is a listed company in the Shanghai Stock Exchange. In 2017, the localized version of Fortune ranked Baiyin Nonferrous as the 116th of top 500 Chinese enterprises.[3]

History

The predecessor of the company was established in 1954, as one of the industrial project of the First Five Year Plan.[4] It was the main copper supplier in China,[2] however, the mining pit opened in 1956 was shut down in 1988.[2] The city of Baiyin was declared by the government as “resource exhaustion”.[2] As of 2016, the company rely on investment in China, South Africa, Peru, DR Congo and the Philippines.[1]

Shareholders
top 9 shareholders[5]
Name Percentage Footnotes
Gansu Provincial People's Government36.16%directly and indirectly owned
CITIC Guoan Group32.27%privately owned company; associate company of CITIC Group
Ruiyuan (Shanghai) Investment Fund (Chinese: 瑞源（上海）股权投资基金)11.47%a private equity fund[nb 2]
China Cinda Asset Management5.38%state-owned
CITIC Group2.81%state-owned
National Social Security Fund0.86%
China Orient Asset Management0.63%state-owned
China Huarong Asset Management0.30%state-owned
China Great Wall Asset Management0.11%state-owned
Sub-total89.99%

Footnotes
  1. Acronym of Baiyin Nonferrous Metal Corporation
  2. CITIC Guoan Group was one of the limited partner of the fund for CN¥200 million investment;[6] the manager and general partner of the fund was China-Africa Xinyin Investment, which CITIC Guoan Group also owned 30% share capital directly, plus an additional 30% stake via a non wholly owned (41.10%) subsidiary (Chinese: 白银有色产业集团) of CITIC Guoan Group;[7] China-Africa Development Fund owned 35% share capital in China-Africa Xinyin Investment
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References
  1. "2016年年度报告" [2016 Annual Report] (PDF). Baiyin Nonferrous (in Chinese). Shanghai Stock Exchange. 19 April 2017. Retrieved 22 April 2017.
  2. "Not so grim up north-west". The Economist. Retrieved 2017-05-12.
  3. http://www.fortunechina.com/china500/1284/2017
  4. About us (in Chinese)
  5. "首次公开发行A股股票上市公告书" (PDF). Baiyin Nonferrous (in Chinese). Shanghai Stock Exchange. 14 February 2017. Retrieved 22 April 2017.
  6. "2015年年度报告" [2015 Annual Report]. CITIC Guoan Group (in Chinese). Shanghai Clearing House. 29 April 2016. Retrieved 12 November 2016.
  7. Filings in National Credit Information Publicity System http://www.gsxt.gov.cn%5B%5D
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