Xinjiang Zhonghe Group's subsidiary Guangxi New Materials Company increased its capital to 1.37 billion, an increase of approximately 298%.

According to the Tianyancha App, recently, Guangxi Hongtai New Materials Co., Ltd. underwent a business change, with its registered capital increasing from 345 million RMB to approximately 1.37 billion RMB, an increase of about 298%. Guangxi Hongtai New Materials Co., Ltd. was established in January 2025, with Li Gonghai as the legal representative. Its business scope includes common non-ferrous metal smelting, non-ferrous metal alloy manufacturing, non-ferrous metal rolling processing, etc. Shareholder information shows that the company is wholly owned by Xinjiang Zhonghe.