Jingcheng Copper Industry: Renewable Resources Accelerate the Construction of Raw Materials Industry
Jingcheng Copper's move aims to expand and enrich raw material procurement channels, speed up the construction of the raw material industry, and improve the industrial chain. It is reported that Jingcheng Recycling mainly engages in the acquisition, processing, warehousing and sales of recycled metal and recycled plastics. As of March 31, 2011, Jingcheng's total assets were RMB 71,375,500, net assets were RMB -2,662,670, realized operating income of RMB 8,951,500 and net profit of RMB 13,714,100.
Jingcheng Copper said that the renewal of the capital increase will help the company further improve the industrial chain, enhance the company's market competitiveness, and play a economies of scale.