The profile of the Corporation

  The predecessor of Shanghai Material Trading Centre Co.,Ltd.was Shanghai Meterial Trading Center.It was set up in 1985 and started business in Apr.1990. It was con-verted into the first listed shares company in the materials circulation industry of China in 1993.The securities codes are 600822 and 900927.The company implemented great assets regroud in 2000.It owns RMB 900 million total assets and RMB 300 million net assets.On the day of starting business,Premier Zhu Rongji of State Department,Shanghai Mayor at that time,said at full of gladness,“Shanghai possesses a materials trading center which is proportional to her status eventually.”And he directed “Honesty att-racts guests all over the world.Excellent quality results in high credit.”The company used to be cared by the national leaders and the leaders of the party in the past se-veral years.General Secretary Jiang Zemin,Premier Lipeng and vice Premier Li Lanqing inspected the construction situation of Shanghai Material Trading Centre Market suc-cessively.The vice Premier of State Department WuBangguo, the former secretary of Shanghai party committee,and mayor Huangju etc.ever inspected the construction situ-ation of Shanghai Material Trading Centre Market many times.

  Under the struggling develoment of all the employees,the company insisted on the corporation tenet of “Service is principal and good faith is the first”and gained outstanding achievement in the past several years.It was ever evaluated as one of Chinese 100 biggest materials corporations,one of Chinese 500 biggest materials cir-culation corporations and one of the 100 strong corporations of materials circulation integrated strength.It becomes the biggest materials trading center in China,sets up two market configurations of merchandsie on hand and futures and becomes a genuine hesd corporation in Zhongshan RD.North materials and trading street.

  Fuel oil,non-ferrous metal trade and realty management of hotels are three key deve-lopment transactions of the company now.The annual gross sales are nearly RMB 5 bi-llion. The company divides the affiliate corporations into six blocks of transactions including fuel oil management,non-ferrous materials trade,export-import trade,realty management of hotel,futures and network development and implements special management.

  The company has glorious past and will construct more splendid future.In the con-struction of propelling modern materials circulation,the company has confidence and ablility to perfect the corporation mechanism,conform the trend of global econmic integration,explore a new way srengthen corporation strength, construct the biggest non-ferrous metal spot market of Shanghai and even China and Shanghai fuel oil sales center,realize the sustainable development of Shanghai Material Trading Center Co.,Ltd.and make the company a top ranking materials corporation.