The constant enlargement of production scale, and the constant improvement of market benefits is just the prelude of this enterprise's vigorous development. How to expand production scale further, increase economic efficiency and seek maximization of cost interests and market benefits, have become another bottleneck faced in enterprise's development. Just at this time, Mr. Jiang Quanlong proposed the strategic decision that enterprise should take the road to capital management.
"China rare earth began the new trip. On October 15 , 1999, with the legal documents assessed and audited by the qualified intermediary and examination and sanction of related department of the government, and the approval made by Hong Kong stock supervisory committee and Hong Kong Exchange Union ,Yixing Xinwei (code 769) was listed on the Hong Kong security market formally. It was soon renamed as China rare earth from Yixing Xinwei.
Since the company was listed, it has stepped into the fast traffic lane of sustainable development with the support of capital management and product management of market development prospects. The company invested a huge sum of money successively transformed and enlarged the production line of the rare earth , refractory material and phosphor. It has introduced the first-class production technology and equipment, realized automatic control in the production process, reduced the labor cost greatly, and increased economic efficiency.
During the process of hardware investment and capital operation, the company has also formed the effective employing mechanism. It pays great attention to absorbing and cultivating talents. While absorbing the professional technician, the company employs a group of talents engaged in specialized management, which pours the new vigor constantly in the operation of enterprises.
To future, Mr. Jiang Quanlong says "The achievements China rare earth have got can only represent the past. The future of China rare earth is growing with each passing hour , and pressurizing oneself. In the face of the new opportunity and challenge of the economic globalization, listing is only the new journey of China rare earth, It will face more new challenge and hope. People of China rare earth have the confidence, also ability to make China rare earth more big and powerful .
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