Established on May 5, 1995, State Development & Investment Corporation (SDIC) is a state-owned investment holding company. It has registered capital of RMB 19.47 billion, total assets of RMB 237.3 billion and a workforce of more than 70,000 employees. Its operational revenue and profit for the year 2010 respectively reached RMB 64.6 billion and RMB 6.8 billion. SDIC was ranked among Top-class enterprises in the annual performance assessments by State-owned Assets Supervision and Administration Commission of the Chinese State Council (SASAC) for the seventh consecutive year and was awarded the title Excellently-Performing Enterprise for two periods, namely from 2004 to 2006 and from 2007 to 2009.
Since its establishment, SDIC continuously improves its development strategy, optimizes its assets composition, and has built its unique tri-pillared business framework that integrates industrial investment, financial services and state-owned assets operation. SDIC's industrial investment mainly goes to power generation, coal mining, ports and shipping, chemical fertilizer production and other infrastructure or resource-oriented fields as well as high-tech projects. In the financial services sector, SDIC focuses on finance, assets management and consulting businesses. SDIC has made great progress in state-owned assets operation. So far five companies have been absorbed into SDIC. They are China National Investment & Guaranty Co., Ltd., China Textile Resources Co., Ltd., China Electronics Engineering Design Institute, China National Complete Plant Import & Export Corporation (Group) and China Gaoxin Investment Group Corporation. Besides, SDIC has completed its trusteeship over China National Packaging Corporation. SDIC is playing its unique role originating from the nature of being a state investment company in optimizing the structure of state sector of the economy and promoting national economic development.
After more than ten years practices, SDIC has gradually formed its unique operating model of “Equity investment--Equity management--Equity operation”, and of an integrated development incorporating capital operation and assets operation. This model refers to that SDIC obtains invested enterprises' equity through capital investment, increases invested enterprises' value through management, and gains returns by receiving equity transfer premiums and invested enterprises' dividends. Thus the state assets are maintained and appreciated.
A parent-subsidiary corporate management system is exercised in SDIC, with Mr. Wang Huisheng as Chairman and Mr. Feng Shidong as President. In its headquarters there are 11 functional departments, besides SDIC Research Center and SDIC Training Center. In total, there are 161 3-tier or above subsidiaries wholly-owned or controlled by SDIC, six of which are listed companies, i.e. SDIC Huajing Power Holding Co., Ltd. (share code: 600886), SDIC Xinji Energy Co., Ltd. (601918), SDIC Zhonglu Fruit Juice Co., Ltd. (600962), Sinotex Investment & Development Co., Ltd. (600061), China National Complete Plant Import & Export Co., Ltd. (000151) and Inner Mongolia Free Han ＆ Mongolia Pharmaceutical Co., Ltd. (300049). These listed companies have built a good SDIC brand name in the Chinese capital market.
Facing the future, SDIC will persist in the Scientific Concept of Development and its tenet of “working for Shareholders, for the Society and for the Employees”, and build itself into a world-class investment holding company that is strong, influential and cohesive by further consolidating its tri-pillared business structure, intensifying its investment on Energy-Conservation, Environmental-Friendly and New Energy industry and actively promoting its “Go global” strategy.
