JD Capital-invested Changjiang Material Listed on NEED
On July 30, Chongqing Changjiang River Moulding Material (Group) Co., Ltd. (Changjiang Material, 835577), a company invested by JD Capital, was officially listed on the National Equities and Exchange Quotations (NEEQ).
Changjiang Material is a domestic large-scale professional pre-coated sand supplier, and a provider of solution to waste sand resource, with the capacity of raw sand mining and processing, pre-coated sand and sand core production, waste sand regeneration and treatment, as well as the production of oil fracturing proppant and casting accessories. It boasts integrated and comprehensive services from raw materials self-supply, and production, to extended manufacture, and waste sand recycling. The products are mainly utilized in castings production of automobile, motorcycle, engine, agricultural machinery, engineering machinery and other industries; and the high-quality oil fracturing proppant is mainly used for the exploitation of petroleum and natural gas. With products chose by nearly 400 foundry enterprises, and customers in over 20 provinces and regions, Changjiang Material has developed into an enterprise with the most extensive service scope.
In recent years, the stable domestic economy, huge market demand and good international environment have guaranteed the rapid growth of China's foundry industry. At present, China has grown into the world's largest country foundry, with 4,550.12 metric ton of foundry production in 2013, and an annual growth rate much higher than the international level. As automobile, rail transportation, aerospace and other important industries placing higher and higher demands on the performance and quality of castings, China's foundry market is expected to grow continuously.
JD Capital invested in Changjiang Material in 2011 and became its third largest shareholder, accounting for 11% of the shares before the public listing. As of now, more than 31 enterprises invested by JD Capital have been listed on the NEEQ.