Yuguang Group

What Yuguang Group does

Yuguang Group (河南豫光集团有限公司) is a Jiyuan, Henan-based state-owned non-ferrous metals enterprise founded in 1957 and operating through 60+ subsidiaries, including publicly listed Henan Yuguang Gold and Lead Co., Ltd. (Shanghai Stock Exchange, ticker 600531). It is China's largest lead smelter and largest silver producer, with annual production capacity of 400,000 tons of lead, 300,000 tons of zinc, 110,000 tons of cathode copper, 700 tons of silver, 5,000 kg of gold, and 1.1 million tons of sulfuric acid, alongside 540,000 tons of recycled lead treatment capacity. The company's product portfolio spans lead and zinc ingots, cathode copper, gold bars, silver ingots, fine bismuth and tellurium, indium and cadmium ingots, plus 30+ lead- and zinc-based alloys and chemical co-products.

Its core technology is proprietary non-ferrous metals smelting anchored by the world-first "double-bottom blowing" (双底吹) continuous copper smelting process and "liquid high-lead slag direct reduction" lead smelting, both recognized with National Science and Technology Progress Awards. The firm operates an integrated industrial chain from mining investment through smelting, recycling (via the first domestic Internet+ waste lead-acid battery "Cloud Jinhui" network), alloy development, and deep processing into semiconductor-grade sputtering targets and silver materials. In June 2026 it deployed an AI-large-model-integrated Digital Intelligence Operations Platform (数智化运营平台) for internal document, contract, and process management.

Yuguang sells to industrial B2B customers — battery manufacturers, electrical equipment makers, alloy producers, semiconductor and advanced materials buyers, and international metals traders — primarily through direct enterprise sales and its own trading and logistics division, with pricing tied to LME and LBMA commodity benchmarks. Reported sales income of RMB 20.63 billion, profits and taxes of RMB 540 million, and exports of USD 32.02 million place it among China's top-tier heavy-industry groups, ranked 283rd in the 2025 China Enterprise Top 500. The June 2026 groundbreaking of an Advanced Rare and Precious Materials Manufacturing Project, targeting a RMB 100 billion revenue goal by the company's 70th anniversary in 2027, signals a strategic pivot from commodity smelting toward higher-purity advanced materials.

Name

Yuguang Group

Legal name

河南豫光集团有限公司

Website

https://yuguanggold-lead.com.cn

Company type

Public

Founded year

1957

Operating status

Operating

Headcount range

1–10 employees

Short description

Yuguang Group is a Jiyuan, China-based state-owned non-ferrous metals enterprise and China's largest lead smelter and silver producer, serving battery, electrical equipment, alloy, and semiconductor materials customers with proprietary double-bottom blowing smelting technology and an integrated recycling-to-finished-products value chain.

Ownership category

akta.pro rank

Product category

Non-ferrous Metals Smelting and Manufacturing

NAICS

Nonferrous Metal (except Aluminum) Smelting and Refining (33141), Secondary Smelting, Refining, and Alloying of Nonferrous Metal (except Copper and Aluminum) (331492)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Lead-Acid Battery Recycling (Breaking, Smelting, Refining) (EUAIAIAG)

akta.pro secondary industries

Non-Ferrous Scrap Processing & Recycling (Aluminum, Copper, Brass, Lead, Zinc) (EUAIAJAB), Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH), Non-Ferrous Base Metals Trading (Aluminum, Copper, Zinc, Lead, Tin, Nickel) (IMAKAJAC)

Keywords

• Non-ferrous metals smelting
• Lead and zinc production
• Silver and gold refining
• Recycled lead processing
• Copper cathode manufacturing

Headquarters

HQ city

Jiyuan

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Non-ferrous Metal Products Sales: Manufacturing and selling of lead, zinc, copper, gold, silver and related products. Main products include electrolytic lead, silver, cathode copper, zinc ingot, sulfuric acid, and various alloy products. The company is China's largest lead smelting enterprise and largest silver producer.
2. Recycling and Resource Recovery: Waste lead-acid battery recycling and processing, regenerating lead and other metals. The company operates the largest recycled lead enterprise in China with annual treatment capacity of 540,000 tons of recycled lead.
3. Alloy Products: Development and sales of lead-based and zinc-based alloy products covering more than 30 varieties including lead-calcium alloys, lead-antimony alloys, hot-dip galvanized alloys, die-casting zinc alloys, and rare earth alloys.
4. New Materials Deep Processing: Deep processing of gold, silver, indium, zinc, copper products into sputtering silver targets, evaporated silver lines/particles, electroplated silver plates, and standard silver ingots for semiconductor and other industries.
5. Chemical Products: Production of sulfuric acid, active zinc oxide, liquid oxygen, liquid argon, and other chemical products through flue gas dust removal, purification and directional transformation.
6. Trading and Logistics: Non-ferrous metals and raw materials trading business domestically and internationally. Logistics services for lead and lead-based alloys, zinc and zinc-based alloys, crude lead, lead concentrate, zinc concentrate and other materials.
7. Technical Services and Consulting: Technology R&D, engineering consulting, engineering design, engineering contracting and furnace technology services. Services cover double-bottom blowing smelting, copper and lead electrolytic refining, wet gold and silver production, and environmental protection.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Yuguang Group manufactures and sells non-ferrous metals including electrolytic lead, silver, cathode copper, zinc ingot, and sulfuric acid through proprietary smelting and recycling technologies. The company operates China's largest lead smelting capacity (400,000 tons/year), largest silver production capacity (700 tons/year), and the largest recycled lead processing system (540,000 tons/year capacity). It also produces over 30 varieties of lead-based and zinc-based alloys, chemical byproducts, and deep-processed precious metal materials (sputtering silver targets, evaporation materials) for semiconductor and advanced manufacturing customers.

Product overview

Yuguang Group is a large nonferrous metals manufacturing enterprise with a diversified industrial portfolio spanning 11 sectors: lead, zinc, copper, rare and precious metals, recycling, alloy development, new materials, equipment manufacturing, mining investment, trading logistics, and other industries. The product portfolio centers on nonferrous metal smelting and processing, including core products such as lead ingot, zinc ingot, cathode copper, gold bar, silver ingot, fine bismuth, fine tellurium, indium ingot, and cadmium ingot. The offering extends to downstream products including lead-based and zinc-based alloys (over 30 varieties), chemical products (industrial sulfuric acid, refined sulfuric acid, industrial zinc sulfate, industrial anhydrous sodium sulfite, nano zinc oxide, copper sulfate), industrial gases (liquid oxygen, liquid argon), and specialty materials (targets, modified recycled materials). The company's integrated value chain runs from raw ore processing through metal smelting, recycling, alloy development, and deep processing of precious metals, supported by its own equipment manufacturing, technical services, and trading logistics operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Lead Ingot (铅锭) Standardized lead ingot meeting GB/T469-2013, used as raw material for lead-acid batteries, lead-based alloys, cable coatings, lead pipes, equipment lining, and radiation protection applications. Sold primarily to battery manufacturers and electrical equipment makers.
• Zinc Ingot (锌锭) Zinc ingot meeting GB/T 470-2008 standard, primarily used for galvanizing and manufacturing various alloys. Sold to industrial manufacturers globally.
• Cathode Copper (阴极铜) Cathode copper meeting GB/T467-2010 standard, used in electrical, light industry, machinery manufacturing, construction industry, and national defense industry. Yuguang is the first copper cathode producer in Henan Province.
• Gold Bar (金锭) Gold bar meeting GB/T4134-2015 standard, used for currency, decorations, medical, electronics, aviation industry, gold plating, and alloy materials.
• Silver Ingot (银锭) Silver ingot meeting GB/T4135-2016 standard, used for decorations, jewelry, currency, high-energy batteries, photographic materials, medicine, silver plating, and electrical contact materials. Yuguang is the largest silver producer in China.
• Fine Bismuth (精铋) Fine bismuth meeting GB/T915-2010 standard, used in medicine, chemicals, metallurgical additives, and low melting point alloys.
• Fine Tellurium (碲锭) Fine tellurium meeting YS/T222-2010 standard, used in semiconductor devices, alloys, chemical raw materials, and additives for cast iron, rubber, and glass industries.
• Indium Ingot (铟锭) Indium ingot used in the manufacture of lead-acid batteries, lead-based alloys, cable coatings, lead pipes and equipment lining, and radioactive/radiation protection layers.
• Cadmium Ingot (镉锭) Cadmium ingot, one of the rare and precious metal products, meeting GB/T469-2005 standard for use in lead-acid batteries, lead-based alloys, cable coatings, lead pipes, equipment lining, and radiation protection applications.
• Lead Alloy (铅合金) Lead alloy meeting GB/T26045-2010 standard, used in metallurgy, batteries, and military industries. Yuguang offers 30+ lead-based alloy varieties including lead-calcium and lead-antimony alloys.
• Hot-Dip Zinc Alloy (热镀锌合金) Hot-dip zinc alloy meeting YS/T 310-1995 standard, used for steel hot-dip galvanizing.
• Cast Zinc Alloy (铸造锌合金) Cast zinc alloy meeting GB/T 1175-1997 standard, widely used for complex die castings in precision machinery, instrumentation, automobile manufacturing, and other industrial applications.
• Industrial Sulfuric Acid (工业硫酸) Industrial sulfuric acid meeting GB/T 534-2002 standard, an important chemical raw material with applications in fertilizers, non-alkaline cleaning agents, skincare products, paint additives, and explosives manufacturing. Produced as a byproduct of metal smelting.
• Liquid Oxygen (液氧) Liquid oxygen meeting GB/T14599-2008 standard, used for medical applications, metal cutting and welding, and chemical industry.
• Liquid Argon (液氩) Liquid argon meeting GB/T4842-2006 standard, used in metal welding, stainless steel manufacturing, and semiconductor industry.
• Sputtering Target Materials (靶材) Target material meeting GB/T26307-2010 standard, including sputtering silver targets, evaporated silver lines and particles, and electroplated silver plates. Applications include semiconductor integrated circuits (VLSI), optical discs, flat panel displays, information storage, and surface coating of workpieces. Sold to semiconductor and advanced manufacturing customers.
• Modified Recycled Material (改性再生专用料) Modified recycled material meeting GB/T2412-2008 standard, produced as part of Yuguang's closed-loop waste lead-acid battery recycling system. Applications include automotive, electronic appliances, industrial equipment, packaging, and battery shells.
• Recycled Lead (再生铅) Processing Service Waste lead-acid battery recycling and processing service using the proprietary 'Yuguang Cloud Jinhui Network Recycling Platform' (Internet+ technology). Yuguang operates the largest recycled lead system in China with annual treatment capacity of 540,000 tons, regenerating lead and other metals for industrial customers.
• Non-ferrous Metals Trading and Logistics Services Domestic and international trading and logistics services for non-ferrous metals including lead and lead-based alloys, zinc and zinc-based alloys, crude lead, lead concentrate, and zinc concentrate. Includes quality-controlled delivery, safety assurance, and fast logistics for industrial customers.
• Smelting Technology and Engineering Services Technology R&D, engineering consulting, engineering design, engineering contracting, and furnace technology services covering double-bottom blowing smelting, copper and lead electrolytic refining, wet gold and silver production, and environmental protection. Delivered through the Yuguang Design Institute.

Quantifiable outcome

• Lead paste bottom blowing smelting and sulfur recycling reach international advanced level
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Partnerships

Two partnerships are on record, tiered minor.

• 河南省誉达工贸有限公司 (Henan Yuda Trade Co., Ltd.)minorImplementation/ SI/ Consulting Partner · 11 June 2026Construction partner for the advanced rare precious materials manufacturing project at Kongshan area. Participating unit in the project construction with professional qualifications.
• 中国建筑七局 (China Construction Seventh Division)minorImplementation/ SI/ Consulting Partner · 11 June 2026State-owned construction enterprise partner for the advanced rare precious materials manufacturing project. Cooperating to build the project with professional qualifications and central enterprise strength.

Scale indicators19 records

Recent moves10 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Yuguang Group