The centralized procurement of BAIC Penglong mainly consists of Beijing Penglong Tianchuang Material Trading Co., Ltd., Shougang Penglong Steel Co., Ltd., Zhuzhou Shoupeng Huilong Steel Processing and Distribution Co., Ltd., etc. Penglong Tianchuang company, a wholly-owned subsidiary of BAIC Penglong, was founded on November 25, 2011. It is a comprehensive trading platform under the BAIC Group specialized in centralized procurement of bulk materials, and one of the key member enterprises of BAIC Group to implement the grouping strategy. At present, the company has formed two pillar industries, steel trade and oil product trade. It has solid upstream and downstream strategic partners, and has established long-term partnership with upstream suppliers such as Baosteel, Shougang, Ansteel, Lianyuan Steel, VAMA, Shell, Uni President, Mobil, Great Wall, as well as with downstream customers within BAIC Group, including BAIC Motor, BAIC BJEV, BAIC Off-road Vehicle, Beijing Benz, etc. It builds the whole value chain service ability from purchasing, logistics, processing, distribution to technology and quality service. At the same time, Penglong Tianchuang is exploring the market-oriented business in the field of new materials and technologies, giving full play to advantages of the centralized procurement platform from the perspective of products and customers, and promoting the development of internal and external business of the group. It is committed to realizing the transformation from the traditional single trader to the integrated service provider of ‘Technology, Quality, Service plus Innovation’. In 2018, the operation revenue reached RMB 3.05 billion, accounting for 8.6% of the company's total revenue.