Zhejiang Materials & Metals Group Co., Ltd. is a large state-owned enterprise established in 1963, with a long-standing focus on the distribution of metal materials. In January 2003, based on the former “Zhejiang Province Metal Materials Corporation,” the company underwent a comprehensive restructuring and was transformed into Zhejiang Materials & Metals Group Co., Ltd., a state-controlled enterprise with a diversified equity structure. The company’s registered capital is RMB 300 million. The company primarily engages in the wholesale and retail trade as well as import and export of metal materials and their processed products, iron ore, and fuel oil.
Over more than 40 years of ups and downs, the company has not only enjoyed the “leadership” of the planned economy era but also experienced the “novelty” of the dual-track system period, and most notably, it has undergone the “race to the forefront” of the market economy. Especially since the reform and opening-up, the company has consistently maintained a strong momentum of rapid, stable, and sustainable development. Today, the company has grown into a diversified conglomerate with over 30 wholly-owned, controlling, and equity-participated enterprises, primarily engaged in the circulation of means of production. Its total assets exceed 4 billion yuan. Since 1995, the company has ranked first nationwide among its peers for over a decade in terms of business scale, overall strength, and economic performance, and has been listed among the Top 500 State-Owned Enterprises. Starting in 2001, it has also been included in the Top 500 Chinese Import-Export Enterprises. Meanwhile, the company is one of the 120 pilot large enterprise groups designated by the State Council, as well as one of the 20 nationally key large-scale distribution enterprise groups officially identified for focused development by eight government departments including China’s Ministry of Commerce in 2004. In 2006, it ranked 65th among China’s Top 500 Enterprises and 29th among service-sector enterprises. As a key member enterprise of Zhejiang Provincial Materials Group Co., Ltd., the company accounts for more than one-third of the group’s total asset strength, business scale, and economic benefits.
The company primarily engages in the circulation of production materials and is among the first batch of nationally piloted distribution enterprises adopting a national-level agency system in China. Over the past three years, its sales have reached 50.32 billion yuan, with a physical supply volume of 16.085 million tons. Its main product categories include metal materials, petroleum products, and mineral sands. Specifically, in the field of metal materials, the company holds agency rights from over 60 large and medium-sized steel mills both domestically and internationally, as well as import licenses for steel products approved by the Ministry of Foreign Trade and Economic Cooperation. It has operational outlets in more than 40 major and medium-sized cities across the country, serving markets throughout all key regions nationwide. With annual sales exceeding 6 million tons, it ranks among the largest metal material distribution enterprises in China. In terms of petroleum products, the company is one of only two enterprises in Zhejiang Province authorized to import fuel oil, accounting for 90% of the province’s total fuel oil import market share.
The company is simultaneously one of China’s Top 500 enterprises engaged in import and export trade and a key self-operated enterprise under the close attention of the Ministry of Commerce. It holds independent import and export operating rights and trades in a wide range of goods, including metal materials, petroleum products, mineral ores, garments, textiles, chemical raw materials, handicrafts, and mechanical and electrical equipment. The company also owns several Sino-foreign joint ventures and export-oriented production and processing bases. In 2006, its total import and export volume reached 300 million U.S. dollars.
The company pursues a diversified business strategy and is experiencing rapid, stable growth. In addition to the distribution of production materials, the company is also involved in a variety of business sectors, including real estate development, futures brokerage, insurance agency, hotel and tourism services, bonded warehousing, production materials markets, property leasing, international freight forwarding, high-tech ventures, and industrial development.
For many consecutive years, the company has been recognized by government departments and banks as a “AAA Credit Excellence Enterprise,” a “Foreign Trade Credit AAA-rated Enterprise,” a “Superior Enterprise in Export Foreign Exchange Collection and Verification Document Management,” a “Unit Upholding Contracts and Honoring Credit,” and a “Reliable Unit in Pricing, Quality, and Metrology.” It has also been awarded the “Enterprise Credit Rating AAA Credit Enterprise” by the China National Minerals & Chemicals Import & Export Corporation Chamber of Commerce. Furthermore, the company has successfully obtained ISO9001:2000 quality certification. Currently, 70% of the company’s employees hold at least a bachelor’s degree, with an average age of 35. They possess highly extensive and professional knowledge and capabilities in circulation and distribution management. The company’s management team consists entirely of seasoned professionals specializing in circulation, who have long-term practical experience in the distribution of production materials and hold senior professional titles. The company’s business processes, financial management, and comprehensive control are all managed through computerized and networked systems, and it is actively pursuing the implementation of an ERP system. The company owns a logistics warehouse covering 130,000 square meters, a bonded warehouse in Ningbo spanning 30,000 square meters, and a modern, functionally equipped office building with a floor area of 63,000 square meters and 5A-level support facilities.
The company is striving to become a “century-old enterprise,” adopting brand-new business philosophies and management concepts to shape new business development strategies, leading-edge management strategies, and talent-development strategies—pursuing a fresh dream for Zhejiang Metal People!