As one of the first pilot units for the modern enterprise system in Qinghai Province, the company underwent corporatization reform and changed its name to Qinghai Salt Lake Industry Group Co., Ltd.

The Salt Lake Group restructured its core potassium chloride production and operation business into Qinghai Salt Lake Potash Fertilizer Co., Ltd., with the stock code "Yanhu Potash," and listed on the Shenzhen Stock Exchange.

Adhering to the working philosophy of "strengthening management and accelerating development," the company successfully achieved its goal of turning losses into profits within three years.

The company has a registered capital of RMB 3.06762 billion and currently employs 9,400 people. The group has 5 wholly-owned subsidiaries, 3 branches, 5 wholly-owned subsidiaries, 3 joint-stock subsidiaries, and 1 national-level technology center. The group has an annual potash fertilizer production capacity of 2.3 million tons and total assets of RMB 22.6 billion.

Salt Lake Group announced that its actual controller, the State-owned Assets Supervision and Administration Commission of Qinghai Provincial People's Government, its controlling shareholder, Qinghai Provincial State-owned Assets Investment Management Co., Ltd., and China Minmetals Corporation plan to jointly establish China Salt Lake Industry Group Co., Ltd.