Since the establishment, the company has aimed to engage in bulk trade by relying on professional operation capabilities, existing sales channels, and capabilities to recruit new customers. In 2019, we started the bulk trade for the first time, and achieved the sales revenue of more than 2.8 billion yuan from the bulk trade. In 2021, our consolidated sales revenue exceeded 10 billion yuan. In 2023, our consolidated sales revenue reached 35.6 billion yuan.
So far, L&S Group imported more than 130,000 tons of electrolytic copper, with an amount of more than 7.6 billion yuan. Up to now, Shanghai Lunhu and subsidiaries have worked with and provided services for more than 1,000 central SOEs, local SOEs, and large private enterprises in carrying out supply chain services and spot purchasing and sales.
Based on its many years of business development experience and core resource advantages of its management team, Shanghai Lunhu Trading Co.,Ltd., with years of business experiences, an able management team and the operation centers set up in Shanghai, Jiangsu, Chongqing, Tianjin, Zhejiang, Singapore, Dubai and other regions, has been engaged in the import and domestic trade of electrolytic copper, electrolytic aluminum, crude copper and gold concentrate. The regions where we sourced goods are Africa, America, Oceania and Europe. The main countries where we import include Japan, Chile, Australia, and Congo(DRC). At the same time, the subsidiaries have also leveraged local banking resources to provide a package of supply chain finance services.With the trillion-yuan market for food ingredients entering a stage of high-quality development, the size of China’s ingredient consumption market exceeding RMB 16 trillion and the scale of the cold chain logistics industry reaching RMB 380 billion, in 2022, L&S Group is actively developing a professional frozen meat food segment in line with the domestic market, its overseas resource advantages and business development needs. The main products include chicken, beef and other kinds of frozen ingredients. By establishing long-term and stable partnerships with meat suppliers in the European Union, America and Asia, L&S Group delivers services that run through the entire international trade process, to meet customer demands with as optimal cold chain logistics supply chain solutions as possible and be recognized by numerous meat processing plants and wholesalers at home for its excellent product quality and stable upstream procurement channels.
* As we expand our business and meet the demands of downstream customers, we are getting much closer to them and increase their stickiness. Since 2019, we have successively set up a number of subsidiaries, including Chongqing Lunyu Trading Co.,Ltd, Jiangsu Lunhu Trading Co.,Ltd, Zhejiang Lunhu Trading Co.,Ltd, Tianjin Lunhu Trading Co.,Ltd, LSR GLOBE PTE Ltd and LSR COMMODITY TRADING DMCC, strategically expanding our presence from Shanghai to the country and the world.