Newly established companies such as Xinxing Foundry Pipe and Jihua Group have formed a supply chain company.

According to the Qichacha app, recently, Xinxing Jihua Group Supply Chain Co., ltd was established with a registered capital of 500 million yuan. Its business scope includes supply chain management services, sales of type II medical devices, sales of recycled resources, and production waste metal recycling. Equity penetration of the Qichacha app shows that the company is jointly held by Xinxing Cast Pipe and Jihua Group.