Chongqing Sansheng Industrial Co., Ltd. (002742.SZ) is a China-based diversified company principally engaged in the research, development, production and sale of building materials, chemicals and pharmaceuticals, with a focus on comprehensive utilization of gypsum resources; its core products include commercial concrete, water reducing agents, expansion agents, sulfuric acid, pharmaceutical intermediates, active pharmaceutical ingredients and finished pharmaceutical products for applications in industrial and civil construction, highways, bridges, tunnels and healthcare sectors. Founded in 2002 and headquartered at No. 99, Yunhan Avenue, Water and Soil High-tech Industrial Park, Liangjiang New Area, Chongqing, the company operates primarily in China with international sales activities and maintains industrial-scale operations in mining development, chemical manufacturing and pharmaceutical production. Recent developments include signing a restructuring investment framework agreement on October 31, 2024, with Jiheng Group, Shenzhen High-tech Investment and Chongqing Leiden; executing a debt settlement agreement on December 18, 2024, with Shenzhen High-tech Investment Group to offset 201 million yuan in liabilities using prepaid balances; and facing a delisting risk warning following disclosure of its 2024 annual report, which projects net losses amid declines in domestic building materials, pharmaceuticals and overseas currency impacts.