- Business
- Shengda Resources Co., Ltd. (000603.SZ) operates as a leading Chinese mining company focused on the exploration, development, selection, sales, trade, and investment management of precious and non-ferrous metals, primarily silver, gold, copper, lead, and zinc; its core products include silver ingots, silver-containing lead powder, zinc powder, gold, silver powder, and related non-ferrous metal concentrates produced through subsidiaries such as Yindu Mining, Jinshan Mining, Guangda Mining, Jindu Mining, Dongsheng Mining, Honglin Mining, and others. The company maintains nearly 9,300 tons of silver reserves and 1.98 million tons of annual mining and selection capacity across eight mining subsidiaries and one national green factory, with operations centered in northern China, including the Da Hinggan Lingxi Slope silver-lead-zinc belt in Inner Mongolia, and southern regions like the Sichuan Ganzi-Litang gold belt. Founded in 1995 and headquartered at Shengda Building, No. 158 Nanfangzhuang, Fengtai District, Beijing, China, Shengda Resources changed its name from Shengda Mining Co., Ltd. in October 2019 and positions itself as an A-share silver industry leader with a complete产业链 extending into metal resource recycling and smelting. In recent developments, the company completed the acquisition of the remaining 33% equity in Inner Mongolia Jinshan Mining Co., Ltd. from Gansu Shengda Group Co. in December 2024 for 610 million yuan, achieving full ownership of this key silver mining asset; it also advanced projects like Honglin Mining's Caiyuanzi Copper-Gold Mine in July 2025 and continues strategic expansions in precious and new energy metals following a 2022 framework agreement with Silvercorp Metals Inc.