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Jiangxi Pinggang Industrial Co., Ltd. (formerly Pingxiang Iron and steel plant, hereinafter referred to as Pinggang company) was founded in 1954, which is an early iron and steel enterprise in Jiangxi Province. In November 2012, Liaoning Fangda Group Industry Co., Ltd. (hereinafter referred to as Fangda group) restructured Pinggang company. Pinggang company is an iron and steel joint enterprise with iron and steel as its main business and successfully diversified development to international trade, engineering technology, real estate, mining and other industries. It has two iron and steel subsidiaries, Pingxiang Pinggang Anyuan iron and Steel Co., Ltd. and Jiujiang Pinggang iron and Steel Co., Ltd., with an annual steel capacity of 10.4 million tons, more than 14000 employees and a total assets of over 27 billion yuan. 2012 is the historical turning year of Pinggang. In that year, Pinggang company reorganized the large group of franchisees, which led to a new life from a huge loss and near death. After the reorganization, in the industry in a low situation, Pinggang company continued to realize the adverse profit. In 2016, the annual output of Pinggang steel was 10.08 million tons under the condition of 600000 tons of active capacity reduction. Pinggang company adheres to the principle of people-oriented and lets employees share the development achievements. After the reorganization, the average annual growth rate of employee's income was nearly 10%. In 2016, the average income of employees (excluding middle and high-level employees) was nearly 20000 yuan higher than that of 2012 before the reorganization, with a growth rate of 44.04%; the insured level of "five insurances and one fund" of employees was steadily improved. Since the reorganization, the growth rate of Pinggang company's payment exceeded the average wage growth rate of Jiangxi Province and local society. In 2016, the company was an employee The per capita cost of "five insurances and one fund" has increased by 49.68% compared with that in 2012; meanwhile, since the restructuring, the investment in employee welfare policy has reached more than 150 million yuan. Pinggang regards environmental protection as the "lifeline" of the enterprise, adheres to the concept of green development, and builds a resource-saving and environment-friendly enterprise. In 2016, Pinggang took the initiative to shut down a 420 cubic meter blast furnace and its supporting steelmaking and oxygen making processes, achieving a capacity of 600000 tons of steel removal, while taking the initiative to shut down a 500000 ton coking plant. At the same time of eliminating backward and actively removing production capacity, Pinggang company has promoted the construction of environmental protection projects. Since the reorganization, the annual environmental protection investment has been over 100 million yuan, and the energy consumption index of the enterprise has improved significantly. Pinggang company adheres to the tenet of "taking it from the society and returning it to the society", actively undertakes social responsibility and is enthusiastic about public welfare undertakings. At the same time of benefit growth, the company's tax contribution continues to increase. After restructuring, the total tax paid in 2013-2016 was 3.459 billion yuan, including 1.072 billion yuan of tax paid by Pinggang in 2016, an increase of 120.10% over 2012. The company has passed the three system certification of ISO9001 quality management system, ISO14001 environmental management system and OHSAS18001 occupational safety and health management system, and the product brand is "Bosheng" brand, covering a series of multi specification products such as threaded steel bar, high-speed wire rod, small profile, medium and thick plate.

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