Tibet Gaozheng Explosive Co,Ltd (China)

Tibet Gaozheng Explosive Co., Ltd is a state-owned holding company located in Lhasa, Tibet. It was incorporated on January 2, 2014, and was formed through the transformation of the original Tibet Gaozheng Explosive Materials Co., Ltd. The company has qualifications for producing, selling, transporting, and storing civilian explosive materials and conducting blasting operations. Its main office is situated at No. 18, Area A, Linqiong Hill Road, Lhasa Economic Development Zone. The registered capital is CNY 184 million, and the registered trademark is "Yishan". The company's main business scope includes the production, sales, storage, and transportation of civilian explosive products. It was listed on the Shenzhen Stock Exchange's SME board on December 9, 2016, with the stock code 002827 and the abbreviation "Gaozheng Explosive". As of the end of 2017, the company's total assets amounted to CNY 895 million, total liabilities were CNY 63 million, and the asset-liability ratio was 7.04%. The company currently has 509 employees, including 18 technical personnel and 30 safety management personnel. It has a license capacity of 22,000 tons (emulsion and ammonium oil explosives). Tibet Gaozheng Explosive Co., Ltd is a holding company controlled by the Tibet Autonomous Region State-owned Assets Supervision and Administration Commission. Its current shareholders include Tibet Gaozheng (Group) Co., Ltd. with a 58.60% stake, YAHUA Group Mianyang Industrial Co., Ltd. with a 1.81% stake, Tibet Investment Company with a 4.11% stake, Tibet Energy Investment Company with a 2.42% stake, Tibet State-owned Assets Management Company with a 2.42% stake, Hunan Jinneng Technology Co., Ltd. with a 2.42% stake, and the National Social Security Fund Council with a 25.72% stake. The holding company has a 68.37% stake in Tibet Gaozheng Blasting Engineering Co., Ltd. Its wholly-owned subsidiary is Tibet Gaozheng Transportation Services Co., Ltd., and its equity participation company is Tibet Zhongjin Xinlian Blasting Engineering Co., Ltd. with a 10.395% stake. The company's sales range covers the entire Tibet Autonomous Region, with sales branches established in Lhasa, Shigatse, Shannan, Nyingchi, Chamdo, Nagqu, and Ali. The sales process involves customer application, approval by the local public security department and issuance of relevant documents, remittance, shipment, and transportation. The holding subsidiary, Tibet Gaozheng Blasting Engineering Co., Ltd., holds a Class III Commercial Blasting Operation License and a Class III Mining Engineering Construction General Contracting qualification. It has 134 employees, including 15 various professional and technical personnel and 89 "Three Major Personnel" for blasting operations. The company owns 10 on-site explosive material distribution vehicles, 4 on-site mixed explosive vehicles, and 8 on-site construction vehicles. Its main business scope includes earth-rock blasting engineering construction, non-coal mine blasting engineering construction, demolition blasting, main structures of third-level water conservancy and hydropower hubs, cofferdams, embankments, rockfill dams, and blasting engineering safety assessment and construction supervision. The wholly-owned subsidiary, Tibet Gaozheng Transportation Services Co., Ltd., mainly engages in the transportation and distribution of dangerous goods, general cargo transportation and distribution, loading and unloading handling and transportation agency, cargo storage management, vehicle maintenance, and maintenance. In the future, Tibet Gaozheng Explosive Co., Ltd plans to establish an operational layout with Lhasa as the production center, sales radiating throughout the entire Tibet Autonomous Region. It aims to form a network pattern with production bases, industrial site mixed explosive surface stations at important mining sites, sales branches in various regions, and after-sales service networks. The company also plans to gradually enter the civilian explosive market in Nepal and extend its production, sales, and blasting services to neighboring countries, becoming an integrated enterprise. Tibet Gaozheng Explosive Co., Ltd adheres to the cultural concept of "striving for excellence at a high level and competing for excellence in the middle". It pursues the corporate tenet of "safety, diligence, compliance, and progress". The company is committed to the service principle of "emphasizing contracts, keeping promises, prioritizing quality, and prioritizing reputation, with customers as the top priority". It is rooted in modern enterprise management, seeking truth and pragmatism, making continuous progress, keeping up with the times, constantly exploring new ideas, and developing new methods. The company aims to adapt to the development of the Tibetan economy and fully serve its new and existing customers, contributing to the creation of a "safe, harmonious, and beautiful Tibet".