Yinyi Group

Yinyi Group Co is a large corporation with interests in real estate, resources, new materials and technological development, trade, logistics, warehousing, and construction.

Since its establishment in 1994, the company has grown at lightning speed. The total assets of the group have reached 60 billion yuan ($9.04 billion). In 2013, its sales income reached 53.6 billion yuan with profits, and tax payments amounted to 3 billion yuan. In addition, the company was listed in the top 500 Chinese enterprises and top 500 Chinese service enterprises in 2014.

Yinyi Real Estate Company has been listed in the top 100 Chinese real estate enterprises for eleven years. In the past decade, Yinyi Real Estate has developed more than 50 lifestyle centers and office buildings, with an area of over 5 million square meters in Ningbo.

Yinyi Real Estate attempts interregional development in Ningbo, Shanghai, Nanjing, Ma’anshan, and Nanchang; as well as cities around Bohai Bay such as Beijing, Shenyang and Daqing. Presently, there are more than 20 projects outside Ningbo and the overall projects under construction number over 270 million square meters. 

The resource industry has been Yinyi’s main industry in recent years, with a focus on mineral exploration, coal mining and processing, nickel smelting and petrochemical engineering. It develops recycling technology, implements innovation and the comprehensive use of resources, explores overseas mineral projects and sets up overseas branches. The group finished the acquisition and reorganization of the local Lingshi Energy and Mineral Group in Shanxi province in 2007. 

At present, it has five coal mines with a total mining area of about 56 square kilometers. Its annual output reaches around 3.5 million tons of crude coal and 1 million tons of coking coal. It is expected to develop into an important player in the energy sector with interests in coal mining, coking and manganese mining. 

Guangxi Yinyi Technical Mining and Metallurgy Company can produce about 10,000 tons of electrolytic nickel, 400,000 tons of sulfuric acid and 300,000 tons of manganese salt per year. Besides this, it has the intellectual property rights of about 8 to 10 core patents. In 2008, Yinyi Group constructed overseas mineral resource bases and launched mining operations in the Philippines, Indonesia and Mexico. 

Yinyi Phil Investment Holding Group has over ten subsidiaries involved in exploration, trading and mining. Within the coming 3 to 5 years, Yinyi Group is expected to acquire the rights to mine minerals in another 50 locations, so as to form a large overseas mineral group which integrates resource exploration, mining and mineral trading. In addition, the Indonesia Mining Group is engaging in exploring mines and purchasing mineral rights. By purchasing shares from other mining companies, the Mexico GDL Company has acquired interests in around 70,000 hectares of mining areas where manganese, iron and copper is being produced.

In October 2010, Yinyi Group signed a strategic cooperative agreement with the Guocai Technology Co. The two companies cooperated with each other in the field of an e-transaction platform for China public purchasing, the public platform of national logistics information and a market services system. 

At the same time, Yinyi also broadened its business into steel manufacturing and trade. In 2010, Yinyi Group reconstituted Yingzhan Industry Group with its business in steel manufacturing and trade. After the reconstitution, Yinzhan’s productivity of cold rolled sheets reached 400,000 tons. It has become an important production base of cold rolled sheet and pot galvanizing in Zhejiang province, with annual sales revenue of 6 billion yuan. The company plans to establish a group integrating steel manufacturing, trading, warehousing and logistics.

Yinyi Group hopes to broaden its business in the resource industry over the coming five years.