【SMM Aluminum Flash News】Zhongyuan New Materials: Cancellation of its wholly-owned subsidiary Wuhu Baxing

Published: Aug 18, 2026 16:33

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On August 13, Zhongyuan New Materials announced that its wholly-owned subsidiary, Wuhu Baxing Metal Co., Ltd., had ceased actual business operations. Based on the company's actual operating conditions and subsequent business development plans, and in order to optimize resource allocation and asset structure, reduce management costs, and improve operational efficiency, the company decided to deregister Wuhu Baxing. Recently, Wuhu Baxing completed the relevant deregistration procedures. Wuhu Baxing had a registered capital of 10 million yuan and was established on November 10, 2023. Its business scope included the sale of metal materials and metal products. In 2025, its operating revenue was approximately 316 million yuan, and its net profit was approximately -5.9645 million yuan. In the first quarter of 2026, it had no operating revenue and a net profit of zero.

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