Hongshi Holding Group
Hongshi Holding Group (hereinafter referred to as Hongshi Group) is one of China’s Top 500 Enterprises, one of the Top 500 Private Enterprises in China, and one of the twelve nationally supported large-scale cement enterprises. The Group operates three major business segments: cement, environmental protection, and financial & quasi-financial investment.
As of the end of 2020, Hongshi Group had total assets of approximately RMB 62.5 billion and more than 17,000 employees.
Focus on the Core Cement Business
Hongshi Group is firmly committed to its core cement business. By adopting internationally advanced new dry-process cement technology, the Group produces cement through low-carbon, safe, and environmentally friendly manufacturing methods. Its production processes, technologies, equipment, and environmental protection standards are at a world-class level.
With an annual production capacity exceeding 100 million tons, the Group operates more than 50 large-scale cement enterprises across 10 provinces in China, including Zhejiang, Jiangxi, Fujian, and Hunan, as well as in Laos, Nepal, Indonesia, and Myanmar. At the same time, Hongshi continues to develop multiple large overseas cement production bases, achieving coordinated domestic and international growth.
Building a Cement Industry “Ecosystem”
Hongshi Group is actively building a comprehensive cement industry ecosystem by expanding into environmental protection businesses such as co-processing of solid waste in cement kilns, fly ash washing, and resource recycling and utilization. To date, the Group has commissioned more than 20 environmental protection projects, with an annual waste treatment capacity of approximately 2.55 million tons, ranking among the leading companies in the industry nationwide.
In addition, the Group has separated logistics and warehousing operations from its core cement business to develop smart logistics and supply chain warehousing services. These modern production-oriented services support both Hongshi Group and third-party clients, becoming a new driver of growth for the company.
Optimizing Asset Allocation
Hongshi Group is also a major shareholder in four banks, including Bank of Hangzhou (Stock Code: 600926). Through prudent asset allocation, the Group enhances asset value growth, strengthens corporate creditworthiness, and improves its risk management capabilities.
Corporate Strategy
Hongshi Group adheres to its strategic vision of “focusing on the core cement business, building a cement ecosystem, and optimizing asset allocation.” With unwavering dedication to cement manufacturing and continuous development, the Group is committed to becoming a world-class green building materials enterprise.