Copper plates are transformed into shiny copper rods and wires under the high-speed operation of automated processing equipment at the intelligent workshop of Chenzhou Gaoxin Copper Industry Company in Chenzhou High-tech Zone.

Amidst the roaring sound of machines, forklifts shuttling back and forth transport these semi-finished products to downstream enterprises such as Hunan Tongli New Materials and Hunan Xiaoqiao Cable, which are located just one wall away.

Gaoxin Copper Industry was established at the end of 2023, revitalized from risk disposal assets. It is a state-owned wholly-owned subsidiary of Chenzhou Industrial Development Group, mainly producing and selling high-quality copper rods and wires.

Its products are widely used in wire and cable, precision copper wire, new energy vehicle wire harness, aerospace wire harness and other fields. It is a chain owner enterprise in the construction of the China-Africa Economic and Trade Cooperation Industrial Park in the Chenzhou Area.

The company has a fully automatic continuous casting and rolling production line of SMS Group GmbH for copper rods with an annual capacity of 250,000 tons. It has the characteristics of high production capacity, high degree of automation, high thermal efficiency, low energy consumption, and no pollution.

The products have been recognized by customers in a short period of time due to their excellent quality.

In 2024, the Gaoxin Copper Industry still in its infancy struggled to establish itself under the high expectations and support of the Chenzhou Area and the High-tech Zone. Faced with the predicament of no upstream, no market, and no team, it forged ahead and revitalized the complex risk disposal assets through market-oriented operations, achieving a transformation. The annual industrial output value exceeded 5.2 billion yuan.

In 2025, facing the complex and severe situation of global economic downturn, shrinking downstream market demand, and significant fluctuations in copper prices, the company has increased and stabilized production for changes.

On the one hand, it has actively explored new business models, sought strategic investors and partners, further optimized corporate governance, expanded downstream industries, enriched product series, and promoted industrial agglomeration.

On the one hand, it has solidly carried out cost reduction and efficiency improvement, and made efforts to increase market profits by providing equipment utilization rate, expanding upstream procurement market, optimizing production and sales plans, making reasonable use of green power resources for staggered production, optimizing logistics and transportation costs, etc.

Therefore, it has seen an upward trend despite the unfavorable situatoins. It has signed sales contracts of over 100,000 tons and successfully established cooperation with high-quality listed companies such as Jinbei, Hengfei, and Valin.

In the first half of the year alone, it achieved an industrial output value of over 3.6 billion yuan, reaching 68% of last year's total, and the actual order amount exceeded 70% of last year's total.

Qiu Bo, executive chairman of Gaoxin Copper Industry, introduced that the company is relying on the ecological chain and policy resource advantages of the non-ferrous metal new material industry in the park.

It has not only established long-term strategic partnerships with high-quality mining and trading enterprises in the zone, but also ensured the stable supply of cathode copper plates, and vigorously attracted downstream copper consuming enterprises engaged in wires, cables, and copper materials, committed to building a copper based cable new material industry cluster.

This year, it also launched the ISO/TS16949 automotive supply chain quality management system certification, taking solid steps towards high value-added and high-tech products.

On May 8 of this year, an industrial park for in-depth China-Africa trade and economic cooperation was established in the High-tech Zone, marking a new journey in local economic and trade cooperation between China and Africa.

Gaoxin Copper Industry seized this opportunity, opened up the raw material channel for importing high-purity electrolytic copper plates from Africa, which enriched the source channels of raw materials, and reduced procurement costs from the source. This has laid a solid foundation for exploring the industrial chain of “importing raw materials from Africa, local R&D and manufacturing, and multi-directional sales at home and abroad”, and creating a copper based cable industry cluster with an annual output value of over 10 billion yuan.

“The progress of an enterprise cannot be achieved without technological efforts of the company. It is also inseparable from the continuous optimization of the business environment and all-round, multi-dimensional support and assistance in the Chenzhou area.”

Looking back on the two-year development process, Qiu Bo said: “When we faced production interruption and lack of market confidence, it was the management committee of the park that organized personnel to visit existing customers one by one with our employees, clarify supply guarantee capabilities, and stabilize the confidence of upstream and downstream customers. Besides, it was the service specialists assigned by the park who timely helped us secure long-term contracts with smelting companies such as Hubei Daye and Hunan Minmetals, reducing procurement costs from the upstream end. At the same time, they maintain close contact with banks to obtain low interest loans of over 1 billion yuan, effectively alleviating the financial pressure on the enterprise. The local government's ‘Talent Cultivation’ program has also recruited three highly educated talents for us, strengthening our R&D capabilities strength.”

Currently, the construction of the second phase of Gaoxin Copper Industry is accelerating. 2 enterprises have already settled down for operation, and 5 are under negotiation. The plan is to complete the investment attraction by 2026.

“In the future, we will work with the Chenzhou Area and the High-tech Zone to jointly promote the intensive and lean operation of enterprises, and contribute advanced manufacturing strength to building a copper-based industry highland with an output value of over 100 billion yuan in the park,” said Qiu Bo with confidence.

Chinese source: rednet