- Business
- YanTai Yuancheng Gold Co., Ltd. (600766:CH) engages primarily in coal trading and related commodities businesses in China; the company sells coal, steel products, fuel oil, and building materials; provides real estate development, operation, and property management services; undertakes project contracting and construction; trades in building decoration materials, electromechanical equipment, gold, and mineral products; offers house leasing and financial leasing; and pursues foreign investment activities. Founded in 1989 and headquartered in Yantai, Shandong Province, the company operates predominantly within China, generating all sales from domestic markets, with recent revenue growth in coal trade reaching 179 million renminbi in 2023 alongside emerging steel products sales of 15.35 million renminbi. In recent developments, Tianjin Tianji Tongsheng Technology Co., Ltd. agreed to acquire an 11% stake from Xu Chengdong for CNY 350 million, while Yi Yingning completed the purchase of a 6.83% stake from the same seller in March 2023; these transactions reflect ongoing shifts in ownership structure amid challenges including special treatment (ST) designation and significant share price declines in 2024.