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 2019, it has 631.9 billion RMB yuan in total assets and approximately 50,000 employees. Its gross revenue and total profit in 2019 were 141.9 billion RMB yuan and 20.08 billion RMB yuan (3.03billion 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 15 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.

Since its establishment, SDIC has been improving its development strategy and asset mix, and gradually developed its four strategic business sectors, namely infrastructure-related industry, emerging industries, financial services & other services as well as international business. Infrastructure-related industry refers to energy industries such as power generation, communication industries such as road and port and the development of strategic and rarely-existed mineral resources. Emerging industries focuses on the synergy between fund investment and investment holding, targeting health & old-age caring, advanced manufacturing industry, municipal environmental protection, biomass energy, big data & Internet+ as well as biopharmaceutical industry etc.. Financial services focus on financial services such as securities, banking, security fund, trust, insurance, guarantee, futures, financial company, financing & leasing, while SDIC also focuses on other services such as project engineering, asset management, consultancy, property management, etc.. International business refers to overseas direct investment, international engineering contract and international trade, etc.

After 20 years of exploration and endeavor, SDIC has gradually developed a mode of operation featuring equity investment, equity management and equity operation and combination of asset operation and capital operation. Specifically, it is about obtaining equity through investment, increasing the value of invested-in enterprises through equity management, and gaining profits through equity transfer or equity operation. Eventually, the value of state-owned assets could be maintained or increased.

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 151 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 Railyway (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.

Looking to the future, in line with the tenet of working for investors, for society and for employees, SDIC will serve the national strategies, play its leading role in key areas and industries, promote the layout of state-owned assets and restructuring, and push forward SOE reform of state-owned investment companies with a view to vigorously building itself into a world-class investment holding company.

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