ANHUI JIANGNAN CHEMICAL INDUSTRY CO LTD

What ANHUI JIANGNAN CHEMICAL INDUSTRY CO LTD does

Anhui Jiangnan Chemical Industry Co., Ltd. (stock code 002226.SZ) is a state-controlled Chinese listed company headquartered in Hefei, Anhui Province, and controlled since 2021 by NORINCO Group (China North Industries Group) through its subsidiary North Special Energy Group. Originally founded in 1985 as Ningguo Jiangnan Chemical Factory, the company was listed on the Shenzhen Stock Exchange in 2008 and has evolved into a dual-core industrial group with civil explosives as the primary business and new energy (wind and solar) as a secondary growth engine, complemented by mining operations and automotive safety components.

The core business manufactures and sells a full civil explosives portfolio — gel emulsion explosives, powder emulsion explosives, expanded explosives, seismic sources, industrial detonating cords, and 253 million permitted industrial detonator units (including 92.59 million digital electronic detonators) — across 57 domestic production sites. The engineering arm consists of 25 specialized blasting and engineering companies, including 14 Level-1 blasting qualification enterprises and 4 Level-1 mining construction general contractors, delivering integrated services from drilling and blasting to excavation and transportation. New energy operations have accumulated 1.06 million kW of installed capacity (11 wind farms and 2 solar stations) across 13 provinces, while Xinjiang Jiangnan Yitai runs a 4.5 million m³/year green sand and gravel mining operation. The company also holds 140 million unit permitted capacity for safety airbag initiators certified to US, European, and Japanese standards.

The company generates revenue primarily through direct enterprise sales of civil explosives products (one-time license/manufacturer model), professional blasting engineering services, recurring renewable energy operations, and hardware sales of aggregates. Its largest permitted production capacity in China's civil explosives industry, combined with internationally leading digital electronic detonator and unmanned "black light factory" production technology, positions it as NORINCO's designated "chain leader" for the national civil explosive industrial chain. International operations extend through the North Blasting subsidiary into Namibia, Mongolia, Democratic Republic of Congo, Serbia, Guyana, and Tajikistan, serving as a model for Chinese civil explosive firms expanding into Belt and Road markets.

Name

ANHUI JIANGNAN CHEMICAL INDUSTRY CO LTD

Legal name

安徽江南化工股份有限公司

Website

https://ahjnhg.com

Company type

Public

Founded year

1985

Operating status

Operating

Short description

Anhui Jiangnan Chemical Industry is a NORINCO-controlled Chinese listed company manufacturing civil explosives, digital electronic detonators, and safety airbag initiators, and providing integrated blasting engineering, wind/solar energy operations, and aggregate mining for mining, infrastructure, and construction clients domestically and across Belt and Road countries.

Ownership category

akta.pro rank

Product category

Industrial Explosives Manufacturing

NAICS

Explosives Manufacturing (32592), Other Chemical Product and Preparation Manufacturing (3259)

SIC

Miscellaneous Chemical Products (2890), Chemicals & Allied Products (2800)

akta.pro primary industry

Blasting Agents & Bulk Emulsions/ANFO (IMAEALAI)

akta.pro secondary industry

Explosive Manufacturing Services (Formulation, Filling & Pack-Out) (IMAEALAK)

Keywords

• Civil explosives manufacturing
• Industrial detonator production
• Blasting engineering services
• Mining construction operations
• Renewable energy operations

Headquarters

HQ city

Hefei

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Civil Explosives Manufacturing and Sales: Manufacturing and sale of civil explosives including emulsion explosives, powder emulsion explosives, expanded explosives, seismic sources, detonators, safety airbag initiators, industrial detonating cords. This is the primary revenue driver.
2. Engineering and Blasting Services: Integrated blasting engineering services including blasting design, evaluation, supervision, testing, drilling, blasting, excavation, and transportation. Provided through 25 specialized engineering companies with 14 Level-1 blasting qualification enterprises.
3. Renewable Energy Operations: Wind farm and solar photovoltaic power station development, construction, and operation. The renewable energy subsidiary has accumulated 1,060 MW of installed capacity across 13 provinces with 42 project companies.
4. Sand and Gravel Mining Operations: Open-pit sand and gravel mining, processing and sales through Xinjiang Jiangnan Yitai Building Materials Co., Ltd. Production capacity of 4.5 million cubic meters per year.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Anhui Jiangnan Chemical is a vertically integrated industrial company that manufactures and sells civil explosives (emulsion explosives, powder emulsion explosives, expanded explosives, seismic sources, industrial detonating cords, industrial digital electronic detonators) and automotive safety airbag initiators. It provides integrated blasting engineering services (blasting design, evaluation, supervision, drilling, blasting, excavation, transportation) through 25 specialized engineering companies. The company also develops, constructs, and operates wind farms and solar photovoltaic power stations, and conducts sand and gravel mining operations.

Product overview

Anhui Jiangnan Chemical Industry Co Ltd is a dual-core driven listed company (stock code: 002226.SZ) controlled by China North Industries Group's North Special Energy Group, focusing on civil explosive products and new energy business. The company operates a comprehensive product portfolio including civil explosive manufacturing (gel emulsion explosives, powder emulsion explosives, expanded explosives, seismic sources, industrial detonating cords, electronic detonators, airbag initiators) with 57 production sites across China, integrated engineering and blasting services through 25 professional companies, new energy operations (wind farms and solar power stations), and mining operations. The company is a core unit for building the national civil explosive modern industrial chain and maintains leading market position in China's civil explosive industry with operations spanning 14 countries including Namibia, Mongolia, DR Congo, and Serbia.

Differentiator

Problem solved

Functional benefit

Products and services

• Civil Explosive Products (工业炸药及制品) Civil explosive products including gel emulsion explosives, powder emulsion explosives, expanded explosives, seismic sources, industrial detonating cords, and industrial electronic detonators. Permitted production capacity of 894,000 tons of industrial explosives and 253 million industrial detonators. Products are manufactured and sold to mining operators, infrastructure developers, and construction companies through 57 domestic production sites.
• Industrial Electronic Detonator (工业数码电子雷管) Industrial digital electronic detonators with permitted capacity of 92.59 million units, representing advanced initiation systems for controlled blasting operations. Features programmable delay technology for precision blasting in mining and infrastructure applications.
• Safety Airbag Initiators (安全气囊用点火具) Safety airbag ignition devices with production capacity of 140 million units, including initiators and gas-generating compositions for automotive safety systems. First domestically created product series, passing US USCAR-28, European AKLV-16, and Toyota TSF6716G standard certifications.
• Industrial Detonating Cord (工业导爆索) Industrial detonating cord products with permitted capacity of 42 million meters for various blasting applications in mining, quarrying, and construction.
• Blasting Engineering Services (爆破工程一体化服务) Integrated blasting engineering services covering blasting design, evaluation, supervision, testing, drilling, blasting, excavation, and transportation for tunnel, water conservancy, mining, and infrastructure projects. Delivered through 25 specialized engineering companies with 14 Level-1 blasting qualification enterprises and 4 Level-1 mining construction general contracting qualification enterprises. Services span underground and high-altitude operations.
• New Energy Operations (新能源运营) Wind farm and photovoltaic power station development, construction and operation services with accumulated installed capacity of 1.06 million kilowatts across 11 wind farms and 2 solar power stations in 13 provinces including Xinjiang, Inner Mongolia, Ningxia, Gansu, Guizhou, and Shanxi. Operated through 42 project companies with intelligent operations and maintenance via a big data platform.
• Mining Operations (矿山经营) — Sand and Gravel Green Mining Open-pit sand and gravel aggregate mining, processing, and sales with annual production capacity of 4.5 million cubic meters across 4 intelligent production lines with 2,000 tons per hour capacity. Six self-developed practical new patents for sand and gravel aggregate processing production technology applied in the 4 million cubic meter per year production line.

Quantifiable outcome

• 2022 annual revenue of 70.43 billion RMB, up 8.67% YoY; net profit after non-recurring gains of 7.15 billion RMB, up 31.95% YoY
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• 陕西北方民爆集团有限公司 (Shaanxi Northern Civil Explosive Group Co., Ltd.)coreStrategic or Co-development Partner · 6 April 2023Jiangnan Chemical acquired 100% equity of Shaanxi Northern Civil Explosive Group for 544 million RMB. The transaction was a related-party deal aimed at enhancing Jiangnan's civil explosive production capacity and operational performance, making Northern Civil Explosive a wholly-owned subsidiary.

Scale indicators14 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• 雅化集团 (Yahua Group): Listed on Shenzhen Stock Exchange (002497.SZ), Yahua Group operates civil explosives manufacturing alongside lithium battery materials. Competes directly with Jiangnan Chemical in emulsion explosives, electronic detonators, and blasting engineering services in China.
• 壶化股份 (Shanxi Huhua Chemical): Shenzhen-listed (003002.SZ) Chinese civil explosives manufacturer producing industrial explosives, detonators, and detonating cords. Comparable Chinese civil explosives competitor with overlapping product lines and customer segments in mining and construction.
• 广东宏大 (Guangdong Hongda): Shenzhen-listed (002683.SZ) blasting services and civil explosives producer with a large integrated blasting engineering footprint serving mining and infrastructure customers across China. Closely comparable in business model and customer segments.
• 易普力 (China Bluestar Yipuli Chemical): A leading Chinese civil explosives manufacturer formed via merger of CR Power Blasting and China Bluestar Leiyuan, producing emulsion explosives, electronic detonators, and integrated blasting services. Directly comparable to Jiangnan Chemical in domestic civil explosives market share and integrated blasting services.
• 国泰集团 (Guotai Group): State-controlled industrial explosives and blasting services group with manufacturing of emulsion explosives, ammonium nitrate, and detonators plus engineering services. Comparable Chinese civil explosives competitor with regulatory-driven positioning.

Broad incumbents

• Orica Limited: World's largest commercial explosives and blasting systems producer headquartered in Australia. Comparable in emulsion explosives, electronic blasting systems, and integrated blasting services for mining and infrastructure.
• MAXAM: Spanish-headquartered global manufacturer of explosives, initiation systems, and raw materials for the mining, quarrying, and infrastructure sectors. Comparable in electronic detonators, bulk emulsion systems, and international blasting services.
• Dyno Nobel: Global commercial explosives and blasting services company owned by Incitec Pivot, operating in Australia, North America, and globally. Directly comparable in emulsion explosives, electronic detonators, and mining blasting services.
• Austin Powder: Privately-held global manufacturer of commercial explosives and blasting services with operations across the Americas, EMEA, and Asia. Comparable product portfolio (emulsion explosives, detonators) and integrated blasting services model.

Others

• 中煤能源 (China Coal Energy): Major Chinese coal mining and energy conglomerate that is both a customer segment for civil explosives and operates in adjacent industrial chemistry. Relevant as a major downstream buyer in the mining explosives value chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/anhui-jiangnan-chemical-industry-co-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ANHUI JIANGNAN CHEMICAL INDUSTRY CO LTD