Tianjin Zhenhong Renewable Resources Co., Ltd. is located in Shuangxin Industrial Park, Xinzhuang Town, covering an area of more than 100 acres and has two material yards under its jurisdiction. It is a strong private enterprise in the town with a registered capital of 20 million yuan and fixed assets of 30 million yuan. The company is mainly engaged in the recycling and transportation of waste materials such as ferrous metals and steel, and is one of the scrap steel supply bases of Tianjin Steel Pipe Group Co., Ltd. In 2011, the company purchased YB81-100T metal hydraulic packaging machine, ZLJ-16 steel grabbing machine, and PSX-60801000 horsepower crushing line from Hubei Lidi Machine Tool Co., Ltd. In 2011, the sales revenue exceeded 400 million yuan, and the tax payment was nearly 100 million yuan. In 2010, the company was honored as "Jinnan District exemplary organization", and in 2011, it was awarded the Outstanding Contribution Award by Tianjin Steel Pipe Group. The enterprise has also been awarded the honors of "exemplary organization" and "Glorious Star" by the city, district and town for many times. In 2011, General Manager Liu Yuqing was rated as the model worker of Tianjin. As the leader of the enterprise, General Manager Liu Yuqing is also keen on public welfare undertakings. Every year, the amount of financial aid for needy students, poor families, and elderly families is up to hundreds of thousands of yuan.