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Qinghai Salt currently sells most of its products within the PRC, mainly to Qinghai and the provinces of Anhui, Gansu, Guangxi, Henan, Hunan, Inner Monglia, Ningxia, Shaanxi, Shanxi and Sichuan. Approximately 60% of the total revenue of Qinghai Salt is from edible salts while the balance comprises industrial salts. Qinghai Salt dominates the edible salt market in the Qinghai Province due to its monopoly status. Due to the high purity of the salt lakes, Qinghai Salt produces premium edible salt at relatively lower cost as compared to sea salt and rock salt producers. In view of this, Qinghai Salt also intends to market its salt products to other Asia Pacific countries, particularly the lucrative Japanese edible salts market. Qinghai
Salt has already secured export licenses to export all kinds of salt products
outside the PRC. We are jointed with the local players in Singapore, Japan
and England to explore foreign markets. |
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