Zhongji Huitong

Zhongji Ningbo Group Co., Ltd. was founded in 1985. Over more than thirty years since its establishment, it has persistently explored and practiced transformation and innovation, achieving leapfrog growth and development. By 2015, it had surpassed 35 billion yuan, with an average annual growth rate of over 20%. The annual import and export volume has reached 3 billion US dollars, with a cumulative total import and export volume of 12 billion US dollars. The company has established considerable competitive advantages and positions in the industry for its main imported commodities such as iron ore, oil products, nickel ore, copper materials, and cotton, as well as main exported commodities like ships and steel products. It has also comprehensively established and improved a series of complete internal rules and regulations for import and export business management, investment management, financial management, and risk management. In particular, the company's business team building has developed strongly. Currently, the company's swap hedging team, steel products business team, oil products business team, and other professional commodity business teams have gained extensive influence in the industry. It has established cooperation with central and state-owned enterprises such as Sinochem and China Oil, as well as internationally renowned companies like Shell, BHP Billiton, and Rio Tinto.
　　The company has built a highly professional and excellent professional swap hedging team. Following the business strategy for bulk commodities and based on hedging with financial derivatives, it has developed a more secure and value-added agency 2.0 model, replacing the previous single pure agency model, and developed a self-operated model combining futures and spot markets. This has effectively hedged risks for the company's main spot trade in mineral and oil products, avoiding systematic risks caused by unilateral price declines in bulk commodities.
　　In the oil product import business, the company has shifted from the original pure agency import model to a model of cooperation with production enterprises. In a cooperative project with a refinery in Jiangsu, the monthly import volume reaches 100,000 tons, approximately over 30 million US dollars. The company leverages its absolute advantages in raw material quality and procurement prices to directly purchase imports. The swap hedging business team hedges the raw materials to lock in raw material costs and control risks. It cooperates with factories for processing, jointly sells processed products, and shares the profits. Under this import business cooperation model, operational risks are effectively controllable, and operating profits are significantly increased. Currently, cooperation has been extended to factories in petrochemical clusters in Shandong, Hebei, Jiangsu, Anhui, and other regions, with annual processing volumes ranging from hundreds of thousands of tons to three million tons.
　　The company has innovated a new foreign trade model of "Internet + Foreign Trade + Logistics" for export agency and established the "Zhongji Huitong" comprehensive public service platform for foreign trade. It has established close relationships with more than 5,000 domestic foreign trade enterprises and signed strategic cooperation agreements with over 10 logistics, customs declaration, and freight forwarding enterprises in Ningbo that have large scales, excellent qualifications, and strong services, creating a favorable export service platform for numerous small and medium-sized foreign trade enterprises.
　　The company has a strong and influential professional steel export team, with an annual steel export volume of over one million tons and more than 500 million US dollars.