The sword points to the southeast! The registered capital is 5 billion yuan! With a sand and gravel production capacity of 432 million tons, PowerChina established East China Investment Company

According to the Aiqicha APP, recently, China Power Construction East China Investment Co., Ltd. (hereinafter referred to as East China Investment Company), which is 100% controlled by China Power Construction Co., Ltd. (hereinafter referred to as China Power Construction), has been established in Nanjing, Jiangsu Province in mid-November.

Compared with East China Materials Co., Ltd., a subsidiary of China National Building Materials, which was unveiled on April 21 this year, the establishment of East China Investment Company by China Power Construction is quite low-key.

With a registered capital of 5 billion yuan, East China Investment Co., Ltd.'s business scope includes mineral resources exploration, non-coal mine mineral resources mining, ecological restoration and ecological protection services, and new material technology research and development.

Industry insiders pointed out that PowerChina's move is conducive to accelerating its sand and gravel aggregate business layout in East China, and is also conducive to its better management of two mining rights in Hubei.

According to statistics, since the beginning of this year, PowerChina has won 10 mining rights, including 5 in Guangdong, 2 in Hubei, 1 in Fujian, Guangxi and 1 in Yunnan. Most of them are located around Central China and South China, facing the sand and gravel aggregate market in the Pearl River Delta.

PowerChina has two mining rights in Hubei, located in Qichun, Hubei Province and Xishui, Hubei Province.

——On November 2, PowerChina successfully delisted the mining rights of Majia Mining Area in Xishui County with 606 million yuan. This is a supporting mine for the second phase of the Xishui Green Mine Project of PowerChina Changlai New Materials, with resource reserves of nearly 300 million tons. The first phase of the 20 million tonnes per annum project, which it bid for in April 2021, will commence production on December 28. (Click to read)

——On November 28, China Power Construction (Qichun) New Materials Co., Ltd. won the gneiss and granite mine for construction in Qichun, Hubei Province with 1.99 billion yuan. The mine has resource reserves of 1.25 billion tons, a designed annual production scale of 70 million tons, and a transfer period of 23 years (including 3 years of infrastructure construction). (Click to read)

The establishment of China Power Construction East China Investment Co., Ltd. is a major strategic layout of China Power Construction Co., Ltd., the sand and gravel road of China Power Construction began in the 50s of the last century Wujiangdu Hydropower Station construction, the first mechanical preparation of sand and gravel technology. As of 2021, PowerChina has undertaken the construction of more than 80 sand and gravel systems, and has produced and supplied more than 200 million tons of sand and gravel aggregates in the past ten years. At this stage, PowerChina has accelerated the layout of the sand and gravel aggregate industry, and PowerChina has made a preliminary plan for the annual production of green sand and gravel aggregates during the "14th Five-Year Plan" period, and will give full play to its own advantages and vigorously promote the development of green sand and gravel business.

In the first half of 2022, the green sand and gravel aggregate business of Power Construction Corporation of China achieved an operating income of 1.615 billion yuan and a net profit of 474 million yuan, and three green sand and gravel projects have entered the operation periodThe corresponding design capacity is 60.541 million tons, and the operating capacity is 50.131 million tons, and the new sand and gravel resource reserves are considerable. As of the end of the first half of 2022, the company has obtained a total of 10 mining rights for green sand and gravel projects, and has obtained sand and gravel resource reserves of 4.283 billion tons, an increase of 43.9% year-on-year, with a designed annual production capacity of 232 million tons and an investment scale of 34.7 billion yuan. The company plans to add an annual production capacity of 43.2 million tons of green sand and gravel projects in 2022, and during the "14th Five-Year Plan" period, the company's domestic investment target for green sand and gravel business is 50 billion yuan, and it is expected that by the end of 2025, the company's total annual production scale of green sand and gravel aggregates will reach about 400 million tons.

On October 31, PowerChina released its third quarter report for 2022. As of December 2022, PowerChina has obtained a total of 16 sand and gravel mining rights (including the Changjiu project), with sand and gravel resource reserves of 8.5 billion tons and a designed annual production capacity of 432 million tons.

       PowerChina's continuous layout of the national sand and gravel industry is a microcosm of the continuous entry of large central enterprises and state-owned enterprises into the sand and gravel industry in recent years, which has greatly promoted the intensive, green and large-scale development of the sand and gravel industry, and has also profoundly changed the pattern of China's sand and gravel market!

In recent years, PowerChina has taken the initiative to undertake the mission of carbon peak and carbon neutrality, giving full play to the role of 9 national R&D institutions and 116 provincial and ministerial R&D platforms, and vigorously promoting new energy, pumped storage, and green sand and gravel business. In the five major plates of "Hydropower Sand City" of China Power Construction, the sand and gravel plate has risen to the third place, forming an all-round development pattern of "east, west, south, north and middle" of the green sand and gravel industry, and will gradually develop and expand the green sand and gravel production and marketing network in East China, North China, South China, Southwest China and other regions. This time, the establishment of PowerChina East China Investment Co., Ltd. will inevitably have a significant impact on the sand and gravel aggregate market in East China!