Loncin Holding Co., Ltd.is an investment group company which takes industry as its foundation and maks capital operation and industrial investment. With more than 30 years of development, Loncin has held shares (including controlling shares) in 5 listed companies. It has been mainly involved in the business fields of industry, environmental protection and renewable resources utilization, finance, automobile dealing, etc.
Loncin Holding is the controlling shareholder of Loncin Motor Co., Ltd. (SH603766), USUM Investment Group Co., Ltd.（Controlling shareholder of Chiho-Tiande Group） Hanhua Financial Holding Co., Ltd. (HK03903), Shanghai Fenghua (Group) Co., Ltd. (SH600615), and Chongqing Jinling Auto (Group) Co., Ltd.; it is also one of the major shareholders of Chongqing Rural Commercial Bank Co., Ltd. (HK03618). By 2016, Loncin has more than 25,000 employees, total assets of about RMB 65 billion, and accumulated tax payment of more than RMB 8 billion.
Loncin Motor's business covers engines, scooters, smart powers, drones, electric vehicles. It has 10 major production bases in China, and exports to over 100 countries and regions. It has established strategic partnership with the world's top 500 enterprises like BMW, TORO, and Cummins. In 2012, Loncin Motor was listed on China's A-share market. In 2017, Loncin Motor acquired CMD, an Italian company specializing in engines for general aviation, marking its debut in the field of general aviation.
USUM Investment Group, as Chongqing's biggest private investment group, became in June 2015 the biggest shareholder of SEHK-listed Chiho-Tiande Group (HK00976), China's biggest mixed scrap metal recycling company. In December 2016, via Chiho-Tiande, USUM acquired Germany's Scholz Holding GmbH, a global giant of metal recycling, sealing USUM's leading position in the world's industry of resources recycling.
Chiho-Tiande Group is a recycler specialized in mixed metal scrap recycling, Automobile disassembling and processing, and resource recycling.Scholz was incorporated in 1872. As the world's leading enterprises of renewable metal recycling, Scholz has many metal scrap yards throughout West and East Europe and wasted automobile recycling business in 26 countries.
Hanhua Financial Holding specializes in providing internet finance, guarantee and other comprehensive financial services to micro, small and medium enterprises, and individuals. It has 139 branches and subsidiaries across China, totally serving over 50,000 micro, small and medium enterprises. In June 2014, Hanhua Financial Holding was listed on the Hong Kong Stock Exchange, making it the first Chinese mainland-based inclusive financial institution to be listed there. In 2016, Chongqing Fumin Bank, whose establishment was initiated by Hanhua Financial Holding, officially started operation as the first private bank in central and western China.
Jinling Auto Group, an auto life service provider noted and firmly-rooted in Chongqing, radiates its influence over southwestern China. Its operation network primarily covers Chongqing, Sichuan, Yunnan, Guangxi and Guizhou. Its annual sales revenue has exceeded RMB 10 billion.
For 15 years, Loncin has been one of the top 500 enterprises in China, and has been successively awarded the titles of Chinese Excellent Private Enterprise, National Trademark Strategy Demonstration Enterprise, National Excellence-creating Advanced Primary Party Organization, National Enterprise Culture Demonstration Base, National Exemplar Home of Workers, and so on. Mr. Tu Jianhua, founder of Loncin and chairman of board of Loncin Holdings Co., Ltd., is a deputy to the 11th and 12th National People’s Congress, and has successively won Excellent Builder of Socialism with Chinese Characteristics, National Model Worker, National Excellent Entrepreneur and other honors.
Around “responsibility”, the essential core, Loncin’s enterprise culture takes “gather power,create value” as its mission, “integrity,sincerity,dedication&innovation” as enterprise values, and “explore the infinite pursuit, catch the definite chance” as enterprise spirit for over 30 years, Loncin has been endeavoring to perform its social responsibility as an enterprise citizen while developing its economic strength. From 2009 to 2014, Loncin has been continuously awarded the honorable title of “Enterprise with Outstanding Contribution in Charity Undertaking in China” for twice.
With three established strategies, namely internationalization strategy, industry-leading strategy and management innovation strategy, and with the corporate vision of “to be a leading investment holding group in china”, Loncin continues to innovate and endeavors for growth.