- Business
- Guangdong Mingzhu Group Co., Ltd. (600382.SS) principally engages in trading and industrial investment activities; it mines and sells iron ore, processes and sells building stone and construction materials, and develops real estate and land in China. The company, founded in 1994 and headquartered in Xingning City, Guangdong Province, also manufactures and trades commodities for infrastructure and daily use, including metal parts; it previously operated hydropower equipment manufacturing and winemaking through subsidiaries but has divested certain assets such as construction engineering and real estate entities. Operations focus on southern and central China, with products serving industries like basic materials, technology components, and property development. In recent developments, the company completed a significant share repurchase program by September 2024, acquiring approximately 6.78% of its shares for CNY 193.91 million to optimize capital structure; it reported 2024 annual revenue of CNY 0.43 billion, down 37% year-over-year, with net income attributable to the parent at CNY 5.51 million. As of April 2025, ongoing repurchases reached 6.60% of total shares for CNY 192.65 million, reflecting efforts to enhance shareholder value amid market challenges; the firm appointed a new CFO and forecasted 2025 semi-annual results while navigating losses in recent quarters.