Commercial trade business is one of CGE’s most important industries. The business has two major subsidiary enterprises: Grand Resources Group Co., Ltd. and Tianjin Grand Union Automobile Trade & Service Co., Ltd.. Since it was founded in 1994, Grand Resources Group Co., Ltd. has developed into a comprehensive group company engaged as a whole in trade, logistics and investment with its current annual revenue RMB 45 billion, resulting in its ranking among Top 500 China Enterprises for the past 6 consecutive years. Grand Resources Group Co. is mainly engaged in trading commodity-type merchandise such as petrochemical, metal and agricultural products, and exporting light industrial products, forming a dynamic business structure with the combination of futures and spot trading, the complementary activities of import and export, and the interrelated businesses of international and domestic markets. Grand Resources Group Co. is the parent company controlling more than 20 subsidiaries, and has established business units in a number of countries and regions that include Hong Kong, South Korea, Brazil, Vietnam and Singapore, etc. With the headquarters located in Ningbo and with its business regions centered in Yangtze River Delta, Grand Resources Group Co.' is well positioned with a clear strategy to expand its businesses in the whole nation and around world. Through our “Global Resource, Global Allocation” business model, Grand Resources Group Co. will further expand its businesses in international markets in the future and gradually become a global company with a leading position in the markets and industry categories it serves . . The business practice of Grand Resources Group Co. is based on the mission of “To Create Value for You” under the guidance of our corporation spirit of "Loyalty, Sincerity, Diligence and Innovation" and our value view of "Respectful, Compassionate, Grateful and Sharing". Grand Resources Group Co. strives to build an exchange platform of trading commodity-type merchandise with the best service and least risk by practicing the philosophy of steady and healthy operations, insisting on a position in the market as the company of supply chain management, establishing strategic partnerships with many global Fortune 500 corporations or leading business enterprises in our upstream businesses, and providing comprehensive services for our customers in the downstream businesses including information, warehouse, transportation, finance, etc as well as managing market risk through various financial instruments including insurance, future, option, etc. The investment activities of Grand Resources Group Co. are mainly involved in finance, logistics, exchange platform and other fields related to trade service. Grand Resources Group Co has equity participations in Ningbo Donghai Bank and Ningbo Daxie Energy & Chemical Trading Center, initiating the formation of Ningbo Foreign Trade Micro-Loan Co., Ltd. and owning a 175 mu (about ~30 acres) of land near the terminals of China Merchants International Container Port in Daxie Development Zone. To build a solid foundation for better serving our global customers, Grand Resources Group Co. has built a Grand logistics base and established many regional distribution centers in the main ports around China through renting or collaboration with specialized warehousing and logistics companies. Tianjin Grand Union Automobile Trade & Service Co., Ltd. is a CGE-controlled and independently operated company that conducts an importing trade business in the area of international finished automobiles. Located in the Tianjin Port Tax-Free Trade Zone, this company is engaged in the international trade of finished automobiles focused mainly on imported high-end vehicles. The company has built the stable channels of vehicle purchasing in America and Middle East, and has established stable marketing networks in some of the major automobile consumption areas in China, including Dalian, Tianjin, Inner Mongolia, Yunnan, Chengdu, Zhengzhou, Xi’an, Changsha, Xiamen, Quanzhou, Ningbo, Shanghai and Suzhou, etc. |
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