en.Wedoany.com Reported - Recently, the 2026 tracking rating report issued by China Chengxin International Credit Rating Co., Ltd. for Henan Natural Resources Investment Group Co., Ltd. (referred to as Henan Resources Group) mentioned that in 2026, Henan Resources Group's wholly-owned subsidiary Henan Gold Group Co., Ltd. (referred to as Henan Gold Group) acquired Lingbao Jinyuan Mining Co., Ltd. (referred to as Jinyuan Mining), becoming its controlling shareholder.
This indicates that Henan Gold Group has been officially established. According to Tianyancha data, on June 3, Zhongyuan Energy Mining Investment Development Co., Ltd. was renamed Henan Gold Group Co., Ltd., with a registered capital of 1 billion yuan and legal representative Hu Bingwei. Meanwhile, the company's registered address was changed from Zhengdong New District, Zhengzhou City to Lingbao City, Sanmenxia City. Henan Gold Group is wholly owned by Henan Resources Group, with the actual controller being the State-owned Assets Supervision and Administration Commission of Henan Provincial Government.
A delegation from the State-owned Assets Supervision and Administration Commission of Henan Provincial Government conducted a survey in Lingbao City. Subsequently, at a symposium held at Jinyuan Mining, Henan Gold Group Co., Ltd. and Lingbao City introduced relevant information.
Jinyuan Mining is a leading enterprise in the Lingbao City area of Henan Province and the state-controlled mining enterprise with the largest mining rights area in Lingbao's gold industry. It entered bankruptcy reorganization proceedings in March 2022. In 2023, the administrator of Jinyuan Mining publicly recruited investors. An investment consortium composed of Henan Gold Group and Lingbao Caifui Investment Co., Ltd., a subsidiary of Lingbao City Finance Bureau, was selected as the investor to carry out reorganization investment in Jinyuan Mining. Henan Gold Group obtained 45.2% equity and 301 million yuan in claims of Jinyuan Mining, becoming the largest shareholder. Jinyuan Mining was included in the subsidiary sequence of key provincial-managed backbone enterprises. According to an announcement on February 10, 2026, Jinyuan Mining held its first extraordinary shareholders' meeting of 2026 and the first meeting of the new board of directors, reviewing and approving proposals such as the election of the new board of directors.
As an important investment and financing platform in the natural resources sector of Henan Province, Henan Resources Group benefited from the consolidation of Jinyuan Mining. In the first quarter of 2026, it achieved total operating revenue and net profit of 4.081 billion yuan and 223 million yuan respectively, with revenue far exceeding the full-year level of 2025 and net profit also surpassing the full-year level of 2025.
According to the announcement, Jinyuan Mining currently holds two mining rights: Jinyuan No. 2 Mine (formed by integrating eight original mining rights) and Tonggou Gold Mine, covering 14 ore blocks, with a total retained gold metal amount of 35.582 tons.
Henan Gold Group's overseas subsidiaries primarily engage in gold mine development and construction in Tanzania. Currently, the gold mine projects invested and developed by the company are the ML553 Gold Mine Development Project and the ML448-535 Gold Mine Development Project. As the ML553 and ML448 projects gradually enter formal production, it is expected that the company's gold ore sales revenue may increase in the future. Additionally, to expand production capacity, the company initiated the construction of the ML448 Project (Phase II) in 2025.
From a business operations perspective, in 2025, benefiting from year-on-year increases in gold sales prices and volumes, Henan Resources Group's gold ore sales revenue rose significantly, driving a substantial year-on-year increase in revenue from goods sold. The gross profit margin also improved markedly, becoming the most important component of Henan Resources Group's revenue.
Henan Resources Group previously stated that Henan Province has remained China's second-largest gold-producing province for many consecutive years, and Lingbao City's gold output has ranked second among China's counties for 40 consecutive years. Jinyuan Mining is the gold mining enterprise with the largest mining rights area in Lingbao's gold industry and the largest state-controlled mining enterprise in Lingbao City. Zhongyuan Energy Mining serves as the investment and financing development platform for Henan Resources Group's mineral sector. Leveraging its role as the main entity for mineral resource integration, through comprehensive planning, optimized integration, and systematic development of various mineral resources within Lingbao, and resource integration across the province, it will further promote the integration of the province's gold resources, creating a provincial-level gold enterprise and the Henan gold brand.
Currently, China Henan International Cooperation Group Co., Ltd. has optimized and adjusted the plan for absorbing and merging Henan Resources Group. On June 22, approved by the Henan Provincial State-owned Assets Supervision and Administration Commission, the original plan of direct "absorption and merger" was optimized to "equity contribution as capital, phased absorption and merger." If this absorption and merger is ultimately completed, China Henan International Group will be managed as a key provincial-managed backbone enterprise (commercial category one).
