China Zhongwang marked a number of milestones in its corporate development in 2010. With its business focus squarely placed on the transportation sector, the Group fully utilized its advantages to develop into a leading producer of industrial aluminium extrusion products. The RMB20 billion revenues in 2009 have placed it on the very top of the honorable list of “Top 100 Private Enterprises in Liaoning Province” awarded by the Liaoning Provincial Government and Committee. Its outstanding economic contribution to society has also received the titles of “Outstanding Economic Contribution Enterprise in 2010”, “Outstanding Foreign Capital Using Enterprise in 2010”, “Outstanding Foreign Capital Raising Enterprise in 2010” and “Advanced Structure Organization in 2010” jointly awarded by the Hongwei District Communist Committee and Hongwei Peoples Government of Liaoyang City in Liaoning Province.
China Zhongwang also made notable progress in terms of product mix adjustments, the operating scope of capital and the development of large projects in 2010. It also made significant contribution to the local taxes and was ranked second in enterprises contributing over 5 million tax payment in 2010. In order to accelerate the product transformation process, Zhongwang has increased the intensity of research and development. The advanced equipment and strong productivity of the industrial aluminium extrusion products have earned it the title of “Liaoyang Top Branded Products”.
China Zhongwang continually strengthens the supervision and management of production safety through regular large scale inspections to reveal and tackle hidden issues that may adversely affect safety standards. Its effort in this regard was recognized by the relevant departments in Liaoyang City and was awarded “Advanced Production Safety Organization”. In addition, China Zhongwang has established a comprehensive social protection system. It provided a variety of social insurance for staff who are formerly agricultural workers, mainly focusing on employment and social protection. It was recognized as an “Advanced Organization in Agricultural Workers’ Care”.
