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Qixing Group
Shandong Qixing Group Co., Ltd. is a private Chinese business group whose subsidiaries are engaged in the smelting of aluminum. At one point the company owned an array of other businesses including property development, power cables and ceramics and a five-star hotel before shedding businesses as part of a restructuring plan from heavy debt accumulated during its rapid expansion. It is one of the main industrial groups in Zouping County, one of the richest counties in the country. History The company's rapid growth has depended on generous availability of corporate debt. Through heavy borrowing the company was able to expand its aluminum production operations and enter other lines of business. By 2012, Qixing would reach its apex. The group company was then made up of 15 operating companies and seven subsidiaries with revenue 15 billion RMB ($2.3 billion) and had 12,000 employees. These businesses included Qixing Iron Tower, a Shenzhen Stock Exchange listed subsidiary, that manufact ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zouping County
Zouping () is a county-level city of Shandong province. Geography The city is located on the northern edge of the mountainous central portion of the province. It is under the administration of the prefecture-level city of Binzhou, but is only west of downtown Zibo. Administrative divisions As 2012, this City is divided to 3 subdistricts and 13 towns. ;Subdistricts * Daixi Subdistrict () * Huangshan Subdistrict () * Gaoxin Subdistrict () ;Towns Climate Economy Zouping is one of the richest counties in the country. Its economic prosperity has depended on the development of the aluminum industry. The Qixing Group Shandong Qixing Group Co., Ltd. is a private Chinese business group whose subsidiaries are engaged in the smelting of aluminum. At one point the company owned an array of other businesses including property development, power cables and ceramics and ... and Hongqiao Group, two large players in the aluminum production industry and pillars of local industry are based ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Qixing Iron Tower
Northcom Group Co., Ltd. (formerly known as Shandong Qixing Iron Tower Co., Ltd.) is a Chinese company with two main lines of business in the manufacturing towers for power transmission and communications and other industrial products and the provision of wireless broadband services. History The company was founded in 2002 as a part of the Qixing Group, a private industrial group based in Shandong with diversified holdings. In February 2010, the company became listed on the Shenzhen Stock Exchange. Financial troubles and sale to Longyue The parent company, Qixing Group, experienced financial difficulties due to overborrowing and rapid expansion in the 2010s. At the peak of its expansion in 2012, the parent company had added capacity to its core business of aluminum production and entered into new lines of business. Years later the president of the China Aluminum Association would say "Qixing expanded blindly". Throughout 2014, the parent company and its subsidiary Qixing Iron ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shenzhen Stock Exchange
The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Exchange and the Shanghai Stock Exchange. It is situated in the Futian district of Shenzhen. With a market capitalization of its listed companies around US$2.504 trillion in 2019, it is the 7th largest stock exchange in the world, and 4th largest in East Asia and Asia. History On December 1, 1990, Shenzhen Stock Exchange was founded. In January 1992, Deng Xiaoping's Southern Tour saved China's capital market and the two stock exchanges (the other is Shanghai Stock Exchange). In July 1997, the State Council of China decided that the Shenzhen Stock Exchange would be directly managed by the China Securities Regulatory Commission. In May 2004, the SME Board was launched. In October 2009, the ChiNext market () was inaugurated. State-owned c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aluminium Companies Of China
Aluminium (aluminum in American and Canadian English) is a chemical element with the symbol Al and atomic number 13. Aluminium has a density lower than those of other common metals, at approximately one third that of steel. It has a great affinity towards oxygen, and forms a protective layer of oxide on the surface when exposed to air. Aluminium visually resembles silver, both in its color and in its great ability to reflect light. It is soft, non-magnetic and ductile. It has one stable isotope, 27Al; this isotope is very common, making aluminium the twelfth most common element in the Universe. The radioactivity of 26Al is used in radiodating. Chemically, aluminium is a post-transition metal in the boron group; as is common for the group, aluminium forms compounds primarily in the +3 oxidation state. The aluminium cation Al3+ is small and highly charged; as such, it is polarizing, and bonds aluminium forms tend towards covalency. The strong affinity towards oxyge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Shandong
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
