Jiangxi Salt Industry Group Co., Ltd

In the world of state-owned enterprises, the story of Jiangxi Salt Industry Group is one of transformation. Founded in 1989 and formally established as a state-owned entity by the Jiangxi provincial government in 2005, the company began its journey as a traditional salt producer. Its core business was straightforward: the research, production, and sale of salt and salt chemical products, including table salt and industrial salts. A pivotal chapter began in 2014 when the company was selected as a pilot for mixed-ownership reform. This move signaled a shift from a purely state-run operation to a more market-oriented structure. The following year, the group underwent a corporate restructuring and introduced several investors, including China Cinda Asset Management. By 2016, it had completed its transformation into a joint-stock limited company, setting the stage for its next major move. Under the leadership of Chairman Wan Li, the company expanded its operations beyond basic salt production. It developed a comprehensive industrial model focused on the integrated use of rock salt resources, branching into salt chemicals like soda ash and baking soda. This strategy solidified its position as a key supplier in southern China. The company’s journey culminated on April 10, 2023, when Jiangxi Salt Industry Group Co., Ltd. was successfully listed on the Shanghai Stock Exchange. This IPO was a landmark event, marking it as the first provincial state-owned group in Jiangxi to go public as a whole entity under a new regional initiative. Today, the company operates with a dual focus on salt resource development and as a network operator for fast-moving consumer goods.