Yingkou Zhongwang Aluminum Co., Ltd.

Yingkou Zhongwang Aluminum is a wholly-owned subsidiary of Liaoning Zhongwang Group. It was established in 2012 in the second phase of Yingkou Coastal Industrial Base, aiming to build a modern full-industry-chain aluminum processing industrial park, from high-end raw material production to high value-added profile products and then to subsequent deep processing. The aluminum alloy products produced can be widely used in aerospace, rail transit, engineering machinery, automotive, shipbuilding, and construction fields. The park has a total planned land area of 35 square kilometers. Currently, three projects have been completed and put into operation, including a high-precision aluminum project with an annual output of 890,000 tons, an aluminum alloy extrusion project with an annual output of 600,000 tons, and a mold production base project. Meanwhile, in accordance with the Group's overall strategic planning, the company's high value-added plate, strip and foil projects, aluminum alloy building formwork projects, and lightweight vehicle body production base projects, as well as other deep processing projects, are also being constructed in an orderly and efficient manner. The company has completed a total project investment of 28.4 billion yuan and employs more than 7,000 staff. In 2019, the company achieved an output value of 14.7 billion yuan, generated a profit of 1.9 billion yuan, and created tax revenue of 200 million yuan. It is expected that after all projects reach full production, the fixed asset investment will reach 46 billion yuan, creating an annual output value of nearly 100 billion yuan, with profits and taxes exceeding 10 billion yuan, and driving employment for 50,000 people. This will play a strong role in promoting the development of local private economy and supporting the revitalization of the old industrial base in Northeast China.