Hubei Lantian Salt Chemical Co., Ltd. was originally the PLA factory 9510 (Air Force 1114 Factory). It was founded in May 1971. It is a national salt production and wholesale enterprise. It was handed over to the local area from the army at the end of 1998 and transferred to Hubei Salt Industry in 2000. Group Co., Ltd. (formerly Hubei Salt Industry Corporation), was changed to a mixed-ownership enterprise Hubei Guangyan Lantian Salt Chemical Co., Ltd. in August 2015.

The company has 118,495.5 square meters of land for sale and 19,795.9 square meters of land for sale. It now has two vacuum salt production systems with an annual output of 550,000 tons and 350,000 tons, with an annual production capacity of 900,000 tons of raw salt, two 6,000KW generator sets and 200,000 tons of full Automatic small packaging production line, a dedicated railway line for self-provided railways, with mining rights within a range of 3.2 square kilometers (capable of industrial reserves of more than 80 million tons). There are currently more than 300 registered employees.

In 2015, the company sought strategic partners from many parties and introduced Guangdong Salt Industry Group and Xindu Chemical Group, which had capital, technology and market, to participate in the capital increase. Guangdong Salt Industry Group is a state-owned enterprise with mature sales channels and large sales channels. In the salt market (1.2 million tons per year), Xindu Chemical is a private enterprise that has grown and developed in Hubei, with new product research and development capabilities, market operation capabilities and advanced management models. In August 2015, based on audit and asset appraisal, the company was diversified in equity through capital increase and share expansion, and formed a mixed shareholding of state-owned holdings, strategic investor shareholding, company technical backbone and management shareholding. Ownership enterprises. The reorganized company's equity structure is: Hubei Salt Industry Group Co., Ltd. holds 43% of the shares, Guangdong Salt Industry Group Co., Ltd. holds 43% of the shares, Xindu Chemical Co., Ltd. holds 8% of the shares, and the company's management and technical backbone holds 6% of the shares .

Through this restructuring, the company has achieved separation of main and auxiliary, streamlined institutions, and diverted personnel, optimized asset quality, revitalized human resources, and improved labor efficiency. The number of employees of the enterprise has been reduced from 730 to more than 300, and five positions including logistics, warehousing and packaging, logistics, and maintenance have been separated. The reform of various internal systems of the enterprise has been deepened, the cadre team is adjusted, functional institutions are adjusted, and auxiliary production positions have been tendered and contracted; Strengthen the management of human resources and labor allocation, revise and improve labor discipline and holiday management systems; improve the contract assessment model, and gradually form the concept of rewarding based on performance and effectiveness.

After overall restructuring, the company has established a limited liability company. Through institutional innovation, mechanism transformation and strengthening management, a standardized corporate governance structure has been established. The vitality of the enterprise has been continuously enhanced, and the superiority of the new system has begun to emerge. The production cost of the enterprise dropped from 190 yuan/ton before the restructuring to 170 yuan/ton, and the monthly output increased from less than 70,000 tons to 75,000 tons. The profit target of 6.26 million yuan was achieved in four months after the restructuring.

At present, the company is still in the stage of structural adjustment and transformation and upgrading, and production and operation have entered a virtuous cycle. It will strengthen and strengthen the enterprise through the release of existing production capacity, investment and development of new products, etc., improve economic benefits and safeguard shareholders' rights and interests.