The unveiling ceremony of the Zhuhai Zhengfang Hongda Energy. [Photo/WeChat account: zhxiangzhou]

On July 12, Zhuhai Zhengfang Hongda Energy was unveiled in Xiangzhou district, Zhuhai, with a mission to create a coal trading hub in South China.

Zhengfang Group has expressed its intention to leverage this strategic cooperation to connect with coal resources from Ordos, engaging in coal industry supply chain operations. This initiative is poised to contribute to the high-quality development of Zhuhai's economy.

Zhuhai Zhengfang Hongda Energy is a joint venture between Zhuhai Zhengfang Trading and a key coal enterprise from Ordos. Founded in March 2018, Zhuhai Zhengfang Trading has a registered capital of 100 million yuan ($13.8 million) and is a wholly-owned subsidiary of Zhengfang Group, specializing in commodity trading.

Over the last six years, Zhuhai Zhengfang Trading has optimized its business structure, engaging in bulk commodity trading and import-export business in non-ferrous metals, energy chemicals, building materials, and high value-added electronic products.

With a focus on serving the real economy, the company is committed to ensuring the supply of raw materials for end-user production customers and key projects in the Guangdong-Hong Kong-Macao Greater Bay Area, aspiring to be a comprehensive benchmark trading enterprise in the Greater Bay Area.

In 2023, the company achieved a revenue exceeding 19.7 billion yuan, ranking second in Xiangzhou District's wholesale and retail industry. In the first half of 2024, revenue surpassed 11.8 billion yuan, injecting new vitality into Zhuhai's economic development.