Hailiang Group Ranked First in Nonferrous Metal Industry Among China's Top 500

SHANGHAI, Aug. 29 (SMM) –The All China Federation of Industry and Commerce recently released the newest list of China's top 500 private enterprises for 2011, and the Hailiang Group ranks thirteenth, and  the first place in the nonferrous metals enterprises with an operating revenue of RMB 525.261,4 billion.

Zhejiang Hailiang Co., Ltd. is under banner of Hailiang Group, and is mainly engaged with manufacturing and processing of copper pipes/tubes, copper plates, sheets and strips, copper foils and other copper products. Meanwhile, Hailiang Group also owns spot exchange platforms for nonferrous metals.

According to Hailiang Group's first-half 2011 annual report, the Group realized sales of 93.514,90 kt of copper tubes and rods, up 3.72%, operating revenue RMB 57.561,657 billion, up 27.36%, total profits RMB 1.074,995 billion, up 33.86%, and net profits attributable to parent company RMB 98.164,5 million, up 24.35%.

Based on its official website, Hailiang Group plans to total RMB 65 billon in operating revenue, which will pay tax RMB 3.6 billion.