Qingdao East Steel Tower Stock Co., Ltd.
东方铁塔
002545
Shenzhen Stock Exchange
Company Profile
1、Obvious Advantages on Steel Structure Business The company has A-level Qualification as general contractor of housing construction project and A-level qualification as specialized contractor of steel structure project issued by MOHURD, and Premium Qualification Certificate of Steel structure manufacturing enterprise issued by CSCS. The company also has Manufacture License of Special Equipment, Full-range Manufacture License of Broadcasting & TV steel structure and 750kv Manufacture License of Transmission Line steel tower, it is one of the enterprises which can produce transmission line steel tower of the highest voltage level 1000kv in China. The advantages of the company’s business are outstanding, the performances of the products are leading the way in the industries. 2、Tremendous market potential of new business potash fertilizer The wholly-owned subsidiary Lao Kaiyuan Mining Sole Company established on 2008, the place of incorporation is Wanxiang City, Lao People’s Democratic Republic. Lao Kaiyuan is majored in manufacture and global sale of MOP. On 30th Oct, 2008, approved by the government of the Prime Minister of Laos, Lao Kaiyuan obtained exploration rights of 141 square kilometers of potash mines. Among the 141 square kilometers of potash mines of Lao Kaiyuan, 41.69 square kilometers of the first mining area Longhu Mine have been granted exploitation right of mining in April 2011. According to evaluation of an internationally renowned mining appraisal institution, the first mining area has 220 million tons of potash resources; the remaining 99.27 square kilometers of mining area, according to exploration results, is an oversize potash mine with 185 million tons of potash resources, and has tremendous market potential.
Full description
Qingdao East Steel Tower Stock Co., Ltd.(hereinafter “ETS” or “The company”), established in 1980s, is specialized in development, designing, manufacturing, sales and construction of steel structure (power plant buildings, petrochemical buildings, civil construction) and steel towers (transmission line towers, broadcasting & TV towers, microwave communication towers). The company’s products are mainly supplied to basic industries of national economy such as power industry, Broadcasting & TV, communication, petrochemical, civil work. On 11th Feb, 2011, the company was listed on SME board in Shenzhen Stock Exchange, Stock code: 002545, stock abbreviation: “ETS”. As responding actively to “the Belt and Road Initiatives”, meanwhile, generating a more stable development strategy, the company started overseas mergers, acquisitions and restructuring project in May 2015, purchased assets of Potash business in Laos by means of shares issuance and cash payment. This mergers and acquisitions project has been implemented and completed on 28th Oct, 2016. The core assets of Sichuan Huiyuan potash Co., Ltd which was acquired by ETS, is 100% equity of Lao Kaiyuan Mining Sole Company by the way of indirect possession. Lao Kaiyuan Mining Sole Company is majored in mining, manufacture and global sale of MOP, have mining right of 141 square kilometers of potash mines in Lao People’s Democratic Republic, of which the first mining area has 220 million tons of potash resources. Lao Kaiyuan has strong growth potential. The company seized the opportunity of period adjustment of potash fertilizer industry by means of this restructuring, and completed the acquisition at a relatively low cost. Through this restructuring, the total assets, net assets, operating income and net profit of the company rose sharply, meanwhile the company has realized double main industries and double wheel drive mode. The company changed from single industry of steel structure manufacturing enterprise to double main industry listed company of steel structure industry and potash industry. The company’s diversified development strategy enhances the overall risk resistance capacity, and shall provide more stable, sustained and reliable performance guarantee to the company’s stockholders.