- Business
- Yunhong Guixin Group Holdings Limited Yunhong Guixin Group Holdings Limited (8349.HK), an investment holding company incorporated in the Cayman Islands and headquartered in Nantong, the People’s Republic of China, engages primarily in the research, development, production, and sale of fiberglass reinforced plastic (FRP) products and industrial silica sand materials. The company offers core products including FRP grating products for applications in building and construction, electrical and telecommunications, operating and equipment platforms, stair treads, trench covers, and filter plates across industries such as petrochemical, electrical, marine engineering, plating, vessel, metallurgy, steel, papermaking, brewing, and municipal sectors; USCG-approved phenolic grating products; epoxy wedge strip products; and silica sand materials serving new energy, foundry sand, oil fracturing sand, and other emerging areas. It operates through two main segments—fiberglass business focused on FRP products and silica sand business—primarily targeting the People’s Republic of China market supplemented by exports to the United Kingdom, France, Uruguay, and other international destinations including the United States, Belgium, Canada, Germany, Denmark, South Korea, and Hong Kong. Founded in 2003 and formerly known as MEIGU Technology Holding Group Limited, the company changed its name to Yunhong Silicon Xin Group Holdings Co., Ltd. in August 2021 to reflect its strategic expansion; in the second half of 2024, it commenced production and sales of industrial silica sand materials following the completion of its production site in Inner Mongolia, contributing RMB4.59 million in revenue for the year ended December 31, 2024 and strengthening its position in growing domestic demand from glass, building materials, petroleum, and silicon chemical industries; additionally, it entered into a memorandum of understanding to acquire African Metallurgical and Mining Group, enhancing its materials portfolio amid ongoing efforts to expand joint ventures, industry partnerships, and emerging business layouts.