Zhonghong Heavy Machinery and Huaxi Group signed a strategic cooperation agreement

On July 3, 2020, the strategic cooperation agreement between Guangxi Huaxi Group and Qingdao Zhonghong Heavy Machinery Co., Ltd. was signed at Liuzhou Huaxi Building.
Huaxi Group Party Committee Secretary, Vice Chairman and General Manager Yin Hongxiang, Deputy General Manager Li Quan, Financial Director Deng Yibin, Huaxi Material Supply Co., Ltd. Party Branch Secretary and General Manager Xiao Guihua, Zhonghong Heavy Machinery Chairman Ning Xiaofeng, Shang District Manager Cong Xilai and relevant leaders from the Huaxi Group Bidding Office, Gaofeng Mine, and Tongkeng Mine attended the signing ceremony.

Mr. Deng Yibin, Financial Director of Huaxi Group, introduced the basic situation of Huaxi Group and Zhonghong Heavy Machinery to the leaders and guests attending the meeting.

Huaxi Group has nearly 70 years of operating history. It was formerly known as Dachang Mining Bureau and has certain influence in China's nonferrous metals industry.It has a complete industrial chain of exploration, mining, selection, smelting and deep processing. It is the first enterprise in the national tin smelting industry to pass the national IS09002 quality system certification. Huaxi has 5 million tons of tin, zinc, lead and other comprehensive metals, more than 400 billion potential resource value.After years of development, Huaxi Group is developing towards a comprehensive organization with both core resources and core competitiveness, relying on core resources to cultivate Huaxi's core competitiveness.

Zhonghong Heavy Machinery is a company specializing in R&D and manufacturing of underground shovel loading equipment. It now has three major product series and nearly 30 product specifications and models. All of its products have obtained the 'Mining Safety Certification', passed ROPS&FOPS certification, and CE certification.Zhonghong Heavy Machinery is a national high-tech enterprise, a demonstration unit of the Shandong Provincial Government's new and old kinetic energy conversion project and an investment enterprise of Luxin Fund. It is also one of the drafting units of the national standard for underground auxiliary vehicles and has passed ISO9001 quality management system certification.Zhonghong Heavy Machinery is a model enterprise of the China Green Mining Promotion Committee and a leading enterprise in intelligent mining solution technology.

Mr. Yin Hongxiang, Secretary of the Party Committee, Vice Chairman and General Manager of Huaxi Group, delivered a speech

Huaxi's core competitiveness must be cultivated from a strategic perspective, and Huaxi's innovation and scientific research must develop horizontally and back-end of the industrial chain.

Huaxi and Zhonghong can explore cooperation in more directions and fields in addition to shovel loading equipment. Huaxi has a full-scenario mining environment, and Zhonghong Heavy Machinery has taken the lead in the intelligentization and automation of mining equipment. To be at the forefront of the industry and participate in worldwide competition, both parties should make full use of superior resources, strengthen complementarity and deepen cooperation.Relying on the platform of Huaxi National Engineering Laboratory, Huaxi Group and Zhonghong Heavy Machinery have deepened cooperation in technology, research and development, and system solutions, and jointly created an open, cooperative, and shared ecological cluster with Zhonghong.

Mr. Ning Xiaofeng, Chairman of Zhonghong Heavy Machinery, delivered a speech

Zhonghong Heavy Machinery has made great achievements in the intelligentization of mining equipment and green mine construction, and has in-depth cooperation with many large mines at home and abroad, such as Russia, Chile, and the Philippines.

With the completion of this strategic cooperation, Zhonghong, standing on the platform of Huaxi National Engineering Laboratory, will systematically promote industrial technological innovation with Huaxi Group, and form technological innovations in terms of cost reduction and efficiency improvement in mines and comprehensive solutions. With the output of experience, we will develop a larger market with Huaxi.

The signing of this strategic cooperation agreement marks that the cooperation between Huaxi Group and Zhonghong Heavy Machinery has entered a new level. It has improved the level of cooperation, broadened the field of cooperation, strengthened the mechanization, automation, and intelligence of mining equipment, and reduced the overall cost of mining. Cooperation in aspects such as operating costs, improving operating efficiency, and achieving sustainable development.