Xinxing Cathay

Xinxing Cathay International Group Co., Ltd., formerly Xinxing Ductile Iron Pipes Group, was reorganized and decoupled from the former Production Department of the General Logistics Department of the People's Liberation Army (at the corps level) and its affiliated military supply enterprises and institutions. Currently, as a central enterprise supervised by the State-owned Assets Supervision and Administration Commission of the State Council, it is a large wholly state-owned company integrating asset management, capital operation, and production and operation, and is a Fortune Global 500 enterprise. The company focuses on six major sectors: metallurgy, textiles, equipment, pharmaceuticals, emergency response, and services. Main products and businesses include ductile iron pipes, pipe fittings, steel grating, steel, special steel pipes, steel for manufacturing, engineering machinery, textiles, clothing, dyeing and finishing, leather shoes, rubber products, special and special-purpose vehicles, oil equipment, equipment, pharmaceuticals, as well as trade services and logistics services. As one of the first batch of central enterprises with pilot boards of directors, the company adopts a management model of "strategic control + financial control" and implements a three-level legal person system. It has two listed companies that cover 80% of the group's personnel and assets: Xinxing Ductile Iron Pipes Co., Ltd. and Jihua Group Corporation Limited; the group's more than 200 member enterprises are distributed across 30 provinces (autonomous regions, municipalities) in China and in countries such as Canada, India, Zambia, South Korea, and Saudi Arabia, of which more than 30 are national large-scale first- and second-class enterprises. The earliest member enterprise was founded in 1911 during the late Qing Dynasty. It currently has 50,000 employees and assets exceeding 100 billion yuan.