Xinxing Ductile Iron Pipes Co., Ltd.
新兴铸管
000778
Shenzhen Stock Exchange
Company Profile
Taking scientific & technological innovation and optimization of capital layout as new new growth drivers, the company strengthens the leading role of innovation, optimizes the layout of capital in spatial area and industrial chain & supply chain, and forms unique competitive ability in strategic layout, scientific and technological innovation, customer service, precision control and management, and brand reputation. 1、Strategic Layout Advantage Through strategic cooperation, mergers and acquisitions, asset reorganization and other ways, the company has formed a ductile iron pipe production capacity layout covering the major regions at home and abroad, including Xinxing Ductile Iron Pipe Co., Ltd.(Wu’an headquarter), Shanxi New Guanghua Casting Pipe Co., Ltd. and Handan New Materials Co., Ltd. covering North China; Wuhu Xinxing Ductile Iron Pipes Co., Ltd., Taojiang Xinxing Fittings Co., Ltd., Hubei Xinxing Quanli Machinery Co., Ltd. and Huangshi Xinxing Ductile Iron Pipes Co., Ltd. covering East and South Central China; Sichuan Chuanjian Pipe Co., Ltd. covering Southwest China; Xinxing Ductile Iron Pipes Xinjiang Holding Group Co., Ltd. covering Northwest China; and Guangdong Xinxing Pipes Co. Ltd. covering South China. In the year of 2024, the internationalization layout has been accelerated, that the Xinxing Egypt project broke ground in April and conducted the integrated test run in December, achieving a milestone victory. 2、Customer Service Advantage With 25 sales branches all over the country and exportation to more than 120 countries and regions in the world, the company controls the sales terminals in the domestic market and dominates the sales channels in the international market, realizing a sales network covering Asia, Europe, Africa and the Americas, and forming a cross-regional and global marketing service network, which can provide to the client more convenient, fast, more comprehensive product consulting, training, and after-sales services. In 2024, based on the deepening of “production, supply, marketing and research” four-in-one mechanism, the company achieved a year-on-year increase by 6% in the domestic public bidding market share, and a year-on-year increase by 29% on export sales. 3、Science and Technology Innovation Advantage The company carries out independent research and development in new materials, products, processes and smart automation of ductile iron pipe, and has advantages in talents, patents, standards and industrial data, etc. In 2024, the company gradually improved the construction of science and technology innovation system, comprehensively revised the management system of science and technology innovation, and opened up the incentive channel for grass-roots innovation, forming a “1+4+N+ASI” all-member science and technology innovation system with its own characteristics. The company is forming its high-level R&D ability, by upgrading continuously the scientific and technological innovation construction capacity, market-oriented introducing of new energy storage, intelligent water and other high-level R&D teams and leading talents, completing on schedule the DI Pipe R&D centre, iron and steel pilot base, robot cloud management platform, and trenchless pipeline repair test site and other experimental. High-quality innovation achievements are emerging rapidly, the project of “Creation and Application of Drinking Water Safety Guarantee Technology System” won the first prize of National Scientific and Technological Progress, realizing a historical breakthrough and triggering the special award of the chairman of the Group for the first time; the results of the project “Ductile iron pipe for Trenchless Repair” were selected into the “Product Manual of Scientific and Technological Innovation Achievements of Central Enterprises”; four scientific and technological achievements are leading in the international technical level; the R&D project of new generation of high-strength and high-ductility DI Pipe successfully developed online automatic wall thickness measurement equipment and centrifugal machine automatic casting control software, which has generated an annual profit of more than one hundred million yuan; successfully developed the continuous casting production of large cross-section of round billets of hot-working die steel H13; sulfur-based easy-to-cut steel breakthrough process technology difficulties, convering a domestic market share of over 20%. Trenchless repair product has completed the finalization of product design, supporting the development of concrete pipe milling and expansion equipment with water and pressure detection robot, leading the pipeline repair industry change. The role of standard leading guarantee is further highlighted with presiding over and participating in the standard making and revision of 12 items, of which presided over the release of 1 international standard, participated in the preparation of 2 international standards, realizing the standard industry leading. 4. Precision Control and Management Capability Taking the special action of bench-marking first-class as a hand, the company promotes the bench-marking work with higher standards, which promotes the progress of indexes and management enhancement. The company has strengthened the management and control of high-value indexes in a hierarchical manner, with monthly tracking, quantitative evaluation and key supervision of the first-level high-value indexes, sustaining progress in high-value economic and technical indexes, and cuting significantly the year-on-year process costs. The company has deeply explored the potential of energy saving and cost reduction, adhered to the general principle of “minimization of input energy, efficient recovery of secondary energy, and high efficiency and low consumption of key processes”, formulated the energy index system and evaluation methods, and carried out energy saving on structure, management and technology, with effective control of energy distribution and stable improvement of gas recycling. Maintaining competitive advantages in cost and profitability, the cost of major products and profitability of tons of steel ranked at advanced level in the annual cost ranking of the benchmark enterprises of China Steel Association. 5. Brand Value Advantage During the reporting period, the brand influence and competitiveness of the Company were further enhanced. The project “Creation and Application of Drinking Water Security Technology System” participated by the company won the first prize of National Science and Technology Progress Award and the first Chairman's Special Prize of the Group, the DI Pipe for Trenchless Repair was selected in “Product Manual of Scientific and Technological Innovation Achievements of Central Enterprises” of SASAC, and the company has successfully joined the Central Enterprises' Innovative Consortium of New Type of Energy Storage led by SASAC. The company was selected as one of the “Digital Pilot” enterprises by the National Ministry of Industry and Information Technology, was awarded again the AA level by ESG rating of China's iron and steel enterprises, was listed on the “Competitiveness of China's Iron and Steel Enterprises (Development Quality) A+” for nine consecutive years, and was listed on the “Asia Top 500 Brands” for ten consecutive years and on the list of the first batch of excellent achievements of the brand leading action of central enterprises.
Full description
Xinxing Cathay International Group Co., Ltd., was reorganized from the original production department of the general logistics department of PLA and its subsidiary military enterprises and institution.At present, as a central enterprise supervised by the SASAC of the state council, it is a large state-owned company that integrates asset management, capital operation and production management.Xinxing Ductile Iron Pipes Co., Ltd, as the core enterprise of Xinxing Cathay International Group, is a transregional and multi-industry listed company encompassing technology, industry and trade,which specializing in the manufacturing of ductile iron pipe, iron and steel products, machinery making and other industry. It’s one of the 520 key enterprises in China with RMB 43 billion sales revenue in 2020. At present, the company has formed a capacity layout of ductile iron pipes covering major regions at home and abroad through strategic cooperation, mergers and acquisitions, asset reorganization and other methods.The company continues to promote high-quality development, and has made substantial progress in key tasks such as optimization of the steel structure, water-based economic platform, strategic major technological innovation, and deepening reform of state-owned enterprises. Guangdong Xinxing and Wu'an Industry Area built intelligent production lines which has been put into production,thus the per capita labor efficiency has been greatly improved. By focusing on the extension of the industrial chain in the water field, Julian Smart Water Platform Company is actively expanding cooperation with water service demanders, water field product providers, software and hardware providers, and water operation management alliance. The company belongs to the metal products industry. So far, the company has formed five product series: Xinxing ductile iron pipe, Xinxing steel products, Xinxing cast products, Xinxing pipes, and Xinxing gratings. Xinxing ductile iron pipes are used in various fields such as water supply, drainage, industrial and mining water, seawater desalination, sewage and heating. The steel products mainly include plain carbon steel products, high quality and special steel products and other varieties, specifically there are HRB400/HRB500/HRB600 with sizes Φ6～Φ40mm, high-quality hot-rolled ribbed steel bars of PSB500/PSB830/MG335/MG500 which are suitable for anti-seismic application, as well as cold heading steel, steel strand, ink ball steel, bearing steel, fastener steel and other high-quality and special steel wire rod and bar products with sizes of Φ6～Φ280mm.In recent years, the company keeps on promoting technological process and making innovation to improve the overall production capacity of high-quality steel products, which has enriched the product variety, and increase the market share. Casting products cover the DN80-DN2600 ductile iron fittings with various joint types and pressure levels, municipal castings, automobile castings, engineering metallurgical castings, mining and metallurgical heavy machinery castings, etc. By 2020, the production capacity of ductile iron pipes,fittings and castings has been up to 3.2 million tons. The company has more than 1,800 valid patents, including more than 380 invention patents and 14 international patents. The key technology and equipment of ductile iron pipe was awarded the Chinese Patent Gold Award. Being the main drafting unit of the national standard for ductile iron pipes, the company has hosted/participated in formulation/revision of 36 standards, and participated in the formulation and revision of 9 international standards as the sole representative of Chinese enterprises. The large-diameter ductile iron pipes, fittings by vacuum lost foam process, centrifugal steel pipes and bimetallic composite pipes, steel-plastic composite pipes, coated pipes, etc. have filled a number of international technology and product gaps.