[Ferro-alloys.com] Xixia Shenlong Metallurgy Furnace Charge Co., Ltd. (Shenlong Metallurgy) is located in Xixia County, Henan Province. It is a brunch of Henan Xibao Metallurgy Materials Group Co., LTD (Henan Xibao) which was founded in 1969. Henan Xibao is China’s greatest high-tech enterprise of metallurgical function protection materials and it has become a cross-regional business group. Shenlong Metallurgy is the second largest cored wire manufacturer of China. It has 13 cored wire sets and annual capacity is about 30,000 mt.

Henan Xibao recently released its first prospectus of short-term financing bonds for 2014. According to the prospectus, operating revenue of Shenlong Metallurgy in 2012 was RMB 175 million (USD 28.2 million) and net profit was

RMB 16.1 million. In 2013, its revenue was RMB117 million 7and net profit was

RMB 13.6 million. In the first quarter of 2014, its revenue was RMB 36.2 million and net profit was RMB3.17 million.

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• [Editor:Mike.zhang]