Established on May 5th, 1995, State Development & Investment Corporation (SDIC) is a state-owned investment holding company with the registered capital of RMB 19.47 billion yuan. By the end of 2014, it has the total assets of RMB 461.7 billion yuan and a workforce of more than 80,000 people. Its operational revenue and profit for the year 2014 were RMB 112.6 billion yuan and RMB 14.5 billion yuan respectively. SDIC has been ranked among Top-class state-owned enterprises in the annual performance assessments conducted by State-owned Assets Supervision and Administration Commission of the Chinese State Council (SASAC) for 11 consecutive years and awarded the title of Excellently-Performing Enterprise for three consecutive terms.
Since its establishment, SDIC continuously improves its strategy, optimizes its assets composition, and has built its unique tri-pillared business framework that integrates domestic industrial investment, financial service and other services and international business. SDIC’s domestic industrial investment mainly goes to power generation, coal mining, ports and shipping, fertilizer production and other infrastructure or resource-oriented fields as well as burgeoning industries of strategic significance. In the financial service and other services sector, SDIC focuses on finance, venture capital, engineering service, consulting service, aged care and assets management, etc. SDIC’s international business includes outbound investment, international trade and international cooperation. SDIC is playing its unique role in promoting Chinese national economic development.
With twenty years’ practices, SDIC has gradually formed its unique operation model of “Equity investment--Equity management--Equity operation”, and of an integrated development incorporating capital operation and assets operation. Typically, SDIC will acquire target enterprises’ equity through capital investment, increase these enterprises' value through management, and gain returns from equity transfer premiums and dividends.
A parent-subsidiary corporate management system is exercised in SDIC, with Mr. Wang Huisheng as the Chairman and Mr. Feng Shidong as the President. In total, it has 184 third-tier or above wholly-owned or controlled subsidiaries, among which seven enterprises are publicly listed, namely SDIC Power Holding Co., Ltd. (share code: 600886.SH), SDIC Xinji Energy Co., Ltd. (601918.SH), SDIC Zhonglu Fruit Juice Co., Ltd. (600962.SH), Sinotex Investment & Development Co., Ltd. (600061.SH), China National Complete Plant Import & Export Co., Ltd. (000151.SZ), Hua Lien International (Holding) Co., Ltd. (00969.HK), Zhongxin Fruit and Juice Limited (5EG.SGX). These listed companies have built good SDIC brand name in Chinese capital market.
In the future, SDIC will persist in its tenet of “working for Shareholders, for Society and for Employees”, further adjust its investment portfolio and development pace and strengthen management, according to its Three-year Plan and Eight-year Blueprint. With the strong ambition of becoming a world-class investment holding company, SDIC will actively transfer its operation from domestic to abroad, from traditional industries to emerging industries, from western China to east, central and western China, from general industry to unique industry, from self-oriented to market-oriented, and from assets operation to capital operation.
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