Trainee reporter Wen Yan
On May 16, the State Development and Investment Corporation (hereinafter referred to as "SDIC Group") attracted a lot of attention. In the afternoon of the same day, the collective roadshow of SDIC Group's Shanghai holding listed companies was held on the Shanghai Stock Exchange, with the participation of SDIC Power, SDIC Capital, SDIC Zhonglu, Yapp and Tongyizhong.
Source: Taken by Wen Yan, a trainee reporter of China Fund News
The reporter participated in the above-mentioned collective roadshow and found that SDIC Group currently controls 10 listed companies, and investors are concerned about how it empowers listed companies and what measures will be taken to urge listed companies to continuously improve their ability to return investors.
According to the official website of the State-owned Assets Supervision and Administration Commission of the State Council on May 16, on May 15, Zhang Yuzhuo, Secretary of the Party Committee and Director of the State-owned Assets Supervision and Administration Commission of the State Council, investigated the SDIC Group, emphasizing that it is necessary to accelerate the construction of a world-class capital investment company and strive to play a leading role in important industries and key areas.
Focus on strategic emerging industries and future industries
Zhang Yuzhuo's investigation of SDIC Group emphasized that it focuses on strategic security, industrial leadership, national economy and people's livelihood, public services and other fields, focuses on strategic emerging industries and future industries, takes the national industrial policy and market as the guide, selects key investment areas, and acts as a leader in long-term capital, patient capital and strategic capital, so as to be a leader in industrial investment and an investor with sustainable returns.
According to the company's official website, SDIC Group was established in 1995 and is an important state-owned backbone enterprise directly managed by the central government, and officially transformed into a state-owned capital investment company in June 2022, with total assets of 838.5 billion yuan by the end of 2023, focusing on building four major business sectors of "energy industry", "digital/technology", "people's livelihood and health" and "industrial finance".
Taking the people's livelihood and health business as an example, Fengle Seeds issued the "Announcement on the Completion of the Transfer of Shares of the Controlling Shareholder and the Change of the Controlling Shareholder and the Actual Controller" on April 30, marking that SDIC Seeds officially controlled Fengle Seeds, and SDIC controlled one more A-share company.
SDIC Seed Industry is an integrated seed industry technology operation platform of "research, breeding, multiplication, promotion and service" under SDIC. SDIC said that SDIC Seed Industry will further strengthen the in-depth layout of the biological breeding industry and the upstream and downstream industrial chain of the seed industry through Fengle Seeds, making it an important seed industry development industry operation platform, capital operation and resource gathering platform.
At present, the 10 listed companies controlled by SDIC include: SDIC Power, SDIC Capital, Zhongcheng Shares, SDIC Zhonglu, Yapp Shares, Shenzhou High-speed Railway, SDIC Intelligence, Tongyizhong, Zhongxin Fruit, and Fengle Seeds.
Respond to empowerment and return on investment
Chai Yanli, member of the party group and chief accountant of SDIC Group, said that as a diversified state-owned capital investment company, SDIC Group has continuously promoted the coordinated development of various business sectors, reduced the production and operation costs of enterprises through business synergy, created more business opportunities for listed companies, and designed mechanisms such as positive incentives through assessment, encouraging enterprises to increase R&D investment, enhance scientific and technological innovation capabilities and continue to build core competitive advantages.