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Sunstone (603612) Invested by GGTT Was Listed on Shanghai Stock Exchange

Date: 2017-07-18
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 Sunstone (603612) Invested by GGTT Was Listed on Shanghai Stock Exchange

       On July 18, Sunstone Development Co., Ltd (stock abbreviation: Sunstone Development; stock code: 603612) invested by GGTT (a parent company of TTGG) was listed on Shanghai Stock Exchange.

      Sunstone Development Co., Ltd specializes in the R&D, production and marketing of prebaked carbon anodes for the aluminum industry. Sunstone has set up the R&D center with highly qualified professionals, showing strong technical strength. In order to support our commitment to R&D, the center houses the Shandong Engineering and Technology Research Center of Petroleum Coke Resources and the Shandong Sino-Swiss Cooperative Research Center for Carbon Materials. The Sunstone Laboratory was designated as an independent laboratory for testing and analysis by China National Accreditation Board for Laboratories. This is one of the largest and most capable laboratories in China dedicated to the testing and analysis of petroleum coke and carbon products for aluminum manufacturing.

       Sunstone owns two prebake anode manufacturing bases in Dezhou, Shandong Province and Jiayuguan, Gansu Province respectively. Products made in the two bases are sold both at home and abroad. The Shandong base has been awarded the “Outstanding Export and Foreign Trade Enterprise” and “Advanced Foreign Trade and Economic Enterprise” by Shandong Province as its export volume topped Dezhou, Shandong Province. The prebaked carbon anodes for the aluminum industry produced by Sunstone have been recognized as world-class standard for their excellent quality. Sunstone is committed to green, energy-saving and technical prebaked carbon anodes, as well as “cleaner production, green carbon”. As such, it will vigorously explore circular economy development mode, and develop new comprehensive utilization technologies of petroleum coke. Given its achievements, Sunstone won “Demonstration Enterprise for Comprehensive Resource Utilization in National Carbon Industry”, “Industry Technical Center for Comprehensive Resource Utilization in the Process of Carbon for Aluminum Manufacturing” and other honors.

      Since its investment in Sunstone in 2011, GGTT has been supporting Sunstone’s growth. All these efforts have a material impact on the company’s brand, market position and governance. Meanwhile, GGTT works closely with Sunstone to move toward capitalization with its professional advantage. As a result, Sunstone succeeded in going public on capital market. GGTT will play a role of “responsible small shareholder”. That means GGTT underpins the invested company with its professional advantage, helping it score brilliant achievements in professional fields.

Industry focus

      Sunstone’s advanced manufacturing industry is one of six key fields that GGTT has been planning over many years. At present, GGTT has invested more than 40 companies in the pipeline manufacturing field.

      The advanced manufacturing industry is honored as China’s traditional industry, as well as main battleground of revitalizing real economy. On one hand, China has the basis of building a manufacturing power, because it boasts a vast domestic market and the complete development system in the world, laying a solid foundation. And the strategic ideas of Made in China 2025 drive a new round of development in overall industry. On the other hand, the advanced manufacturing industry’s development is related to strategic emerging industries, strategic adjustment of economic structure. However, such industry is large but not strong. It is an urgent task to mobilize various resources to improve the level. In light of these factors, GGTT funds outstanding companies in the industry. It also remedies defects of companies on talents, management experience, advanced concepts and other aspects hindering their development by gathering worldwide resources. The latter benefits from rich management experience in real industry of most members of GGTT’s core teams, allowing them to correctly know industry development and the company’s demands. As many resources bring out the best in each other, we can work together to deliver dynamics for industry development.

       GGTT has always followed the development trend of industry, but not blindly. Instead, it focuses on pillar industries in real economy. Guided by the operating idea of being steady, GGTT thinks deeply its development to advance industry transformation and upgrading. In the end, a powerful engine for economic growth will be built. GGTT believes it will bring more excitements in advanced manufacturing and other fields.

 

 

 

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