Established on May 5, 1995, State Development & Investment Corp., Ltd.
(SDIC) is a state-owned investment holding company approved by state council.
SDIC had a registered capital of 33.8 billion RMB yuan, 584 billion RMB yuan in
total assets, over 1 trillion RMB yuan in the assets under management (AUM) in
finance, and about 40,000 employees by the end of 2018. Its gross revenue and
total profit in 2018 were 135.8 billion RMB yuan and 19.3 billion RMB yuan
respectively. SDIC has been graded A-class in the annual performance assessment
conducted by SASAC for 14consecutive years and appraised as
“Excellently-Performing Enterprise” for four consecutive rounds.
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 as well
as international business. Infrastructure-related industry refers to energy
industries such as power generation, transportation 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 advanced manufacturing industry, health, municipal
environmental protection, biomass energy, etc. Financial services refer to
securities, banking, security fund, trust, insurance, guarantee, futures,
financial company, financial leasing, etc. Consulting service refers to 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 are maintained or increased.
SDIC practices a parent-subsidiary management system, with Mr. Wang Huisheng
as Chairman (legal representative) and Mr. Yu Jianfeng as President. It has 9
administrative departments and the office of Committee on State-owned Investment
Companies of Investment Association of China at its headquarters, as well as 17
wholly-owned subsidiaries. In total, there are 145 tier-3 enterprises or above,
which SDIC wholly owns or controls. Six 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 Co., Ltd. (600061.SH),
China National Complete Plant Import & Export Corporation (000151.SZ), YAPP
Automotive Systems Co., Ltd.(603013.SH), China High-Speed Railway Technology
Co., Ltd.(000008.SZ), Hua Lien International (Holding) Co., Ltd. (00969.HK) and
Zhongxin Fruit and 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 vigorously build itself into a world-class
investment holding company.
