Tianjin Materials and Equipments Group Corporation (former Bureau of Materials), founded in 1993, is a large scale state-owned material circulating enterprise with the register capital of RMB2.46 billion. Its total assets amount to RMB24.7 billion with the net worth of RMB5.9 billion. Up to now, we have 135 companies with total staff of 4717. In 2008, the total sales income reached RMB73.7 billion with the total profit of RMB390 million.
The group is a general trading company with the diversification management, which mainly focuses on nine fields including metal, energy, minerals, chemical materials, automobile& electromechanical field, cotton textiles, wood and building materials, modern logistics and real estate. At the same time, we positively develop the business management integrating resource, capital and assets. Our key management mode is the supply chains, and mainly promotes the combination of industry and trade and the integration of internal and international trade. The business network is spread over China and a lot of nations and regions in the world. Up to now, our business outlets reach 95, of which, there are 64 in Tianjin, 23 out of Tianjin and 8 overseas (includes Hong Kong, Macao and Taiwan), such as the United States, South Korea, Singapore, Hong Kong, Laos and Philippines, etc. The import and export trade has extended to more than 20 countries.On the other hand, we have established the long term, stable partner relations with a lot of leading enterprises in China which include Anben Iron & Steel Group, Shougang Group, Jilin Ferroalloy Group Corporation Limited, Huludao Zinc Company, China FAW Group Corporation, Shenhua Group Corporation Limited, etc.
In 2008, we ranked 71th in the top 500 enterprises of China and won the 29th in the top 500 of China's Service Industry and ranked first (consecutive for four years) in import and export wholesale and retail industry Of China means of production. In 2004, the National Ministry of Commerce of China listed our group as one of the 20 leading enterprises to cultivate in circulating field.
We aim to achieve the sales income of RMB100 billion in 2010, and build a leading modern circulating enterprise to cross-industry, cross-region, cross-trade and cross-ownership with great competitiveness in the world and strive to enter into the World Top 500.
We will sincerely cooperate with partners from home and abroad for brighter future and joint development.