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Chairman’s Message

Updated : August 17, 2023

Jinchuan is ushering in a new era in the metal industry and helping to end the national shortage in nickel and cobalt. For 65 years, generations of Jinchuan people have carried forward the legacy and remained steadfast in their endeavors. Through arduous and extraordinary technological research and development, as well as persistent process reengineering, they have developed iterative and systematic metallurgical industrial solutions. This has helped Jinchuan Group establish a development pattern and operational structure characterized by a prominent main business, multi-faceted support and synergistic coexistence, becoming a solid backbone of China’s nickel and cobalt industry.

In 2024, Jinchuan earnestly implemented the decisions and arrangements of the CPC Central Committee and the requirements of the Gansu Provincial Party Committee and Provincial Government. Focusing on the mission of expanding strategic resources comprehensively, strengthening and optimizing traditional industries, and nurturing and growing emerging industries, the group adhered to the development strategy of strengthening leading enterprises, complementing  industrial chains, and rounding up industrial cluster.

The group outlined six major sectors: nickel-cobalt, copper-precious metals, technology, new materials, new energy, and scientific innovation. By actively promoting quality, efficiency, and power transformations, Jinchuan achieved historic progress in various tasks. For 2024, the group was projected to make 410 billion yuan (about $ 56.31 billion) in revenue, 302 billion yuan (about $ 41.48 billion) in total industrial output value, and 11.8 billion yuan (about $ 1.62 billion) in profit, ranking 300th in the Fortune Global 500 and 78th in the Fortune China 500. This success is a result of the scientific guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and the strong leadership of the Gansu Provincial Party Committee and Provincial Government. This is thanks to the hard work and wisdom of employees, the assistance of the China Non-Ferrous Metals Industry Association and peer enterprises, as well as the mutually beneficial relationships we have built within our supply chain. We extend our highest respect and heartfelt gratitude!

Standing at the new starting point of building a "Trillion-Yuan Jinchuan", we will consistently shoulder the responsibilities of a State-owned enterprise, focusing on enhancing core functions and improving core competitiveness. With the determination to overcome challenges and the perseverance to meticulously manage internal details and ensure external coordination, we will firmly implement our goals, tasks and measures. We will continuously integrate into the Belt and Road Initiative, improve the value chain system, and enhance global factor integration capabilities; consistently promote forward-looking technological research, promoting innovation as the "key variable" to become the "largest increment" in new industrialization; advance the transformation and upgrading of traditional industries, strengthening nickel-cobalt, expanding copper-precious metals, and extending the chemical industry; attract major, strong, and leading enterprises, creating high-end, intelligent, and green industrial clusters; and direct industrial investment towards areas related to national security and the lifeline of the national economy, focusing on strategic industries. We will concentrate on high-tech, high-growth and high-value-added projects in the sectors of new energy, new materials and new equipment, fostering future growth poles.

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