Changxing Coal Sales Co., Ltd.

Moving Xing Coal Sales Co., Ltd. was established in December 2017 with registered capital of RMB 50 million. Mainly engaged in coal production, processing and sales. The company currently has 11 registered employees.

With the opportunity of national revitalization of the old industrial base in Northeast China, the company is based on the coal market in Northeast China, high-end positioning and green development. At present, 72 million yuan of investment has been completed and one coal mine under construction has been controlled with a design scale of 300,000 tons per year. According to the current market situation, the sales revenue of coal mines is expected to reach 240 million yuan per year and the profit and tax will be 150 million yuan.

Since its inception, the company has always adhered to the people-oriented, scientific development, green environmental protection ideas, actively implement a series of policies and guidelines of the national, provincial and local governments on coal production, adhere to safety first, prevention first, and strive to expand and strengthen the coal industry.

Looking forward to the future, the company plans to achieve the scale of coal mine production and design in 1-2 years. It lays the foundation for the later development.