Shaanxi Nonferrous Metal Group and others have established a new materials company.

According to the Qichacha APP, recently, Shaanxi Youshe Zhina Huicai New Material Co., Ltd. was established with a registered capital of 100 million yuan. Its business scope includes artificial intelligence basic software development, Internet of Things equipment manufacturing, Internet of Things technology services, information technology consulting services, etc. Qichacha's equity penetration shows that the company is jointly held by Shaanxi Youshe Metal Holding Group Co., Ltd.'s wholly-owned subsidiary Shaanxi Youshe Metal Technology Research Institute Co., Ltd.