Xiamen Xiangyu
Native name | 厦门象屿股份有限公司 |
|---|---|
| Company type | Public |
| SSE: 600057 | |
| Founded | 1997 |
| Headquarters | Xiamen , China |
| Products | Bulk commodities, agricultural goods, logistics, stainless steel |
| Parent | XMXYG Corporation |
| Website | http://www.xiangyu.cn |
Xiamen Xiangyu Co., Ltd. (Chinese: 厦门象屿股份有限公司) is a Chinese metals company in commodity trading, logistics and smelting. Founded in 1997 and headquartered in Xiamen, the company is listed on the Shanghai Stock Exchange under the ticker symbol SSE: 600057. It operates as a subsidiary of XMXYG Corporation, a municipal state-owned enterprise under the supervision of the Xiamen SASAC.
Supply Chain and Logistics
[edit]Xiamen Xiangyu manages an expansive portfolio in commodity logistics, including 11 railway cargo stations and 47 dedicated lines, handling 45 million tonnes annually.[1] It also operates several international logistics corridors between China and Southeast Asia, as well as China-Europe rail connections.[1]
Stainless Steel Project in Indonesia
[edit]Xiamen Xiangyu is a major investor in one of Southeast Asia’s largest integrated stainless steel smelters, located in Sulawesi, Indonesia. The project is developed through PT Obsidian Stainless Steel (OSS), a joint venture between Xiamen Xiangyu (51%) and Jiangsu Delong Nickel Industry (49%).[2] The project achieved financial close on a RMB 6.88 billion (USD 1.06 billion) debt package, structured on a 51:49 debt-equity ratio. Financing institutions included Bank of China, China Development Bank, ICBC, and others.[2]
Ownership
[edit]As of 2025, XMXYG Corporation holds a controlling 50% stake in Xiamen Xiangyu.[3] XMXYG is wholly owned by the Xiamen State-owned Assets Supervision and Administration Commission (SASAC).[4]
Other shareholders include:
- Huatai-PineBridge Fund Management – 2.875%
- Guosen Securities – 0.891%
- China Merchants Bank – minor stake
- Public float – ~31%[5]
References
[edit]- ^ a b "2024 Annual Report" (PDF). Retrieved 17 April 2025.
- ^ a b Max Thompson (2024-10-01). "Xiamen Xiangyu steel plant closes ECA-covered loan". Retrieved 17 April 2025.
- ^ "Biggest owners of Xiamen Xiangyu". Retrieved 17 April 2025.
- ^ "Xiamen Xiangyu Group Corporation". Retrieved 17 April 2025.
- ^ "Shareholders of Xiamen Xiangyu". Retrieved 17 April 2025.
