zhejiang metals and materials company (hereinafter referred to as zmmc), founded in 1963, has been restructured into a large state-holding group enterprise in 2003. zmmc is a chief member enterprise of wuchan zhongda group. serving as one of the largest bulk commodities circulation service integrators in china as well as a super-large state-owned enterprise under the direct control of zhejiang provincial government, wuchan zhongda group ranked 270th on the 2018 fortune global 500 list. our parent company, wuchan zhongda became a publicly listed company in 2015. (stock code: sh600704)
at present, zmmc has developed into a large group enterprise, which mainly engages in metal materials and operates a diverse array of businesses in hotel management, investment and finance operation, capital management, properties leasing, etc. its total assets exceed rmb 15 billion. in 2018, the sales revenue of zmmc reached rmb 800 billion, and its sales of physical goods totaled more than 30 million tons. the total import and export volume amounted to 2 billion us dollars.
after years of development and accumulation, zmmc has grown into a national super-large steel trade circulation enterprise, a relatively famous iron ore circulation enterprise and a fuel oil wholesaler with a comparatively high reputation, being rated as the executive vice president of china association of metal materials circulation and main member institution of china federation of logistics and purchasing. it has been entitled as the china metal materials circulation industry leader and aaa credit excellent enterprise for many years in a row.