SDIC Introduction

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SDIC Introduction

Established on May 5, 1995, State Development & Investment Corp., Ltd. (SDIC) is a state-owned investment holding company approved by the State Council. SDIC had a registered capital of 33.8 billion RMB yuan (5.1 billion USD). By the end of 2020, it has 682 billion RMB yuan in total assets and approximately 50,000 employees. Its gross revenue and total profit in 2020 were 153.7 billion RMB yuan and 22.1 billion RMB yuan (3.39billion USD) respectively. Since its Second Pioneering Campaign started in 2003, SDIC has been graded A-class in the annual performance assessment conducted by SASAC for 16 consecutive years and appraised as “Excellently-Performing Enterprise” for five consecutive rounds. SDIC has played its unique role of investment guidance, restructuring and capital operation in China's national economic development.

 

SDIC practices a parent-subsidiary management system. It has 10 administrative departments one center and the office of Committee on State-owned Investment Companies of Investment Association of China at its headquarters, as well as 19 wholly-owned subsidiaries. In total, there are 152 tier-3 enterprises or above, which SDIC wholly owns or controls. Nine of the enterprises which SDIC controls are public companies, including SDIC Power Holding Co., Ltd. (600886.SH), SDIC Zhonglu Fruit Juice Co., Ltd. (600962.SH), SDIC Capital Management Co., Ltd. (600061.SH), China National Complete Plant Import & Export Corporation (000151.SZ), YAPP Automotive System Co., Ltd. (603013.SH), Shenzhou High-speed Railway (000008.SZ), Meiyabaike (00969. SH), Hua Lien International (Holding) Co., Ltd. (00969.HK) and Zhongxin Fruit & Juice Limited (5EG.SGX). These companies forges “SDIC brand” in Chinese capital market.

 

Since its establishment, SDIC has been sticking to serving the national strategies, streamlining layout of state-owned asset investment and enhancing industrial competitiveness with a view to playing the leading role in of state-owned capital in key areas to maintain and increase the its value. Given years of continuous exploring for innovation and restructuring, SDIC has formed three business units in both domestic and international market, namely infrastructure-related industries, strategically emerging industries and financial services & other services. Infrastructure-related industries focus on energy industry such as power generation, transportation industries such as port, railway, oil & gas pipelines, as well as mineral development industry such as potash. Strategically emerging industries focus on advanced manufacturing, new materials, bio energy, health & old age caring, pharmaceutical, testing, smart technology, environmental protection, engineering design etc., through the combination of equity investment and fund management. Financial services & other services focus on securities, fund, trust, guarantee, futures as well as asset management, human resources, international trade, consulting and property management.

 

Looking to the future, SDIC will grasp the opportunity of new development phase in a scientific way, act according to the new development philosophy and fulfil its mission by adhering to 1331 Initiative. Guided by high quality development and driven by reform and innovation, SDIC will give full play to its role as the pilot platform of state-owned asset investment reform focusing on domestic and international markets. Aiming at a world first-class investment holding company with global competitiveness, SDIC will strengthen the pioneering role of SOE’s reform, guiding role of fostering new industries, leading role of restructuring and profit-making of investment. It will spare no effort in building a New SDIC with flexible mechanism, fine-tuned portfolio, excellent return and strong role. 

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