- Business
- Xinjiang Qingsong Building Materials and Chemicals (Group) Co., Ltd. Xinjiang Qingsong Building Materials and Chemicals (Group) Co., Ltd. (600425.SS) is a China-based company primarily engaged in the production and sales of building materials, cement, and chemical products. Founded in 2000 and headquartered at 237 Henglian Lane, Midong Road, Urumqi, Xinjiang, the company offers a range of core products including ordinary Portland cement and specialty cements such as H-grade and G-grade oil well cement, dam cement, and road cement under the Qingsong and Huangya brands; aerated concrete blocks, prestressed porous plates, cement prefabricated components, commercial concrete, and architectural coatings; chemical products comprising urea, polyvinyl chloride (PVC), and caustic soda; as well as lime powder, stone, phosphorus fertilizer, sulfuric acid, cast steel parts, and industrial oxygen, with subsidiaries also involved in hydropower generation. The company primarily operates in the domestic Chinese market, focusing on industrial customers in construction and related sectors, with sales concentrated in China. In recent developments, Xinjiang Zhongxin Energy and Mining Co., Ltd. completed the acquisition of a 22.49% stake from Alaer Tongzhong State-Owned Assets Management Co., Ltd. (formerly Alaer Tar River Investment) on November 26, 2024, marking a significant change in shareholding structure; the company also announced plans in 2025 to issue public corporate bonds not exceeding RMB 1 billion to support operations amid challenges in cement volume and pricing, while its chemicals segment continues to face profitability pressures as noted in the 2025 mid-year report.