Explosives corporation limited
易普力
002096
Shenzhen Stock Exchange
Company Profile
(1) Leading Production Capacity and Industry Benchmark EXPL positions itself as a leader in China’s civil explosives industry and a key engineering arm of Energy China. Following a major asset restructuring in 2023, EXPL became one of the top-listed enterprises in the sector and a major producer of bulk emulsion explosives. With a licensed annual capacity of 521,500 tons—mainly bulk emulsion—it ranks among the highest in the industry. Its integrated bulk explosive service model has become widely adopted, and the company has applied this model across major national energy and infrastructure projects. EXPL has accumulated expertise in process and equipment technology, blasting techniques, project management, and customized client services, enabling it to address complex conditions such as fire zones, goafs, high-altitude, and extreme cold environments. (2) Strong Domestic Presence and Expanding Global Footprint Relying on resource advantages and market demand, EXPL has established a strategic layout in key regions such as Hunan, Hubei, Chongqing, Sichuan, and Guangxi. Its products and services cover around 20 provinces in China, with strongholds in Xinjiang, Inner Mongolia, and Tibet. The company has formed a market pattern of “provincial leadership and regional control.” Internationally, EXPL leverages its central SOE background to participate in the “Belt and Road” Initiative, expanding into markets such as Namibia, Malaysia, Liberia, and Pakistan. As one of the first in the civil explosives sector to go global, EXPL has enhanced its competitiveness in Southeast Asia, Africa, and South America through brand strength, resource integration, and market development capabilities. (3) Full Industry Chain Integration and Collaborative Ecosystem EXPL has built a full-industry-chain service system focused on integrated civil explosives services, optimizing coordination between production, sales, and engineering blasting. The comprehensive system spans R&D, equipment manufacturing, production, logistics, blasting, and general contracting. A diverse product portfolio allows the company to respond effectively to client needs and build long-term partnerships with large mining enterprises. The mutual reinforcement of its two core businesses—blasting services and civil explosives production—drives quality improvement, efficiency gains, and enhanced risk resistance. EXPL also contributes to national green mine demonstration projects. (4) High-Level Innovation Platforms as New Growth Engines EXPL leads an innovation system supported by professional research institutions and integrated with academia, industry, and application. It has established provincial-level technology centers and a national-level postdoctoral research station, supported by top domestic experts. With strong R&D capabilities, EXPL has achieved significant breakthroughs in key technologies related to civil explosives and integrated blasting, enhancing its core competitiveness and technological edge. (5) People-Oriented, Safety-First Culture Safety is central to EXPL’s development strategy, serving as both a red line and a driver for innovation. The company has built a smart safety supervision platform that integrates the industrial internet with production safety. This supports its transition toward intelligent, high-end, and green development in the civil explosives industry, significantly improving its safety management. (6) Strong Talent Strategy for Sustainable Growth EXPL treats talent as its core resource, with a growing focus on attracting and developing diverse teams. It has expanded recruitment channels, adopted flexible hiring models, and deepened university partnerships. A structured training framework and the “3+6” organizational model help employees gain cross-functional experience. Programs such as the “100-Day Growth Plan” and “Three-Year Rotational Training” cultivate well-rounded professionals.Performance incentives are precisely targeted. A comprehensive appraisal system supports term-based and contractual management, with compensation tilted toward high-skilled and high-performing talent—especially those in major R&D initiatives—enhancing the company’s overall vitality and innovation capacity.
Full description
EXPL holds dual “Class-A” qualifications for commercial blasting operations and general contracting of mining engineering construction. The company has established a comprehensive industrial chain integrating scientific research, production, sales of civil explosives, blasting services, general contracting of mining operations, and the construction of green and intelligent mines. Its business covers approximately 20 provinces (autonomous regions and municipalities) in China, as well as several countries including Namibia, Liberia, Pakistan, and Malaysia. Focusing on the integrated civil explosives business, EXPL has extended its reach into the blasting engineering services market. It primarily provides professional and integrated civil blasting services, as well as green and intelligent general contracting services for mining projects, to large-scale mining projects, key energy infrastructure, and major construction works both domestically and internationally. At the same time, the company has actively expanded into industries related to civil explosives, strategically deploying business segments along the civil explosives industrial chain. These include military and public security, civil explosive equipment, and core raw materials, all of which support and reinforce the development of its core civil explosives business.