Xinhua Jin (600735): The Company Has The Advantages Of Graphite Resources

Xinhua Jin (600735) participated in 2022 online collective reception day for investors of Listed Companies in Qingdao area on November 3 in panorama. When answering questions from investors, Meng Zhaojie, the company's Director Secretary, said that the company has the advantages of graphite mineral resources, and cooperation with new energy companies can expand the company's graphite new material business development space, but the application field of graphite new materials is very broad, In addition to the field of new energy, the company will gradually expand the application fields of high-purity graphite and refractory materials based on market demand.

According to the public information, the company is mainly engaged in the production and processing of hair products and textile and clothing products as well as export business. At the same time, it has arranged graphite new material industry and cross-border import e-commerce business. It directly and indirectly controls more than 30 domestic and foreign subsidiaries and has nearly 2000 employees. In 2021, it has achieved a revenue of 1.574 billion yuan and a total assets of 1.843 billion yuan. The company has been engaged in international trade for many years, and its products are exported to America, Asia, Europe and other places. On the basis of continuing to consolidate the traditional export business, the company will vigorously expand cross-border import business and form a "import + export" double wing development pattern. Meanwhile, it will focus on the layout of graphite new material industry and establish a multi-level graphite product system.