State Development & Investment

Established on May 5th, 1995, State Development & Investment Corporation (SDIC) is a state-owned investment holding company approved by State Council and one of the key SOEs under direct management of the central government. It has a registered capital of 19.47 billion RMB yuan and total assets of 280 billion RMB yuan. By the end of 2013, it had total assets of 348.1 billion RMB yuan, a workforce of 80,000. In 2013, it had an operational revenue of 98.6 billion RMB yuan, profit of 11.5 billion RMB yuan. 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 ten consecutive years and was awarded the title Excellently-Performing Enterprise for three periods. A parent-subsidiary corporate management system is exercised in SDIC, with Mr. Wang Huisheng as the Chairman of the Board and Mr. Feng Shidong as the President. In its headquarters there are 15 functional departments, SDIC Party Committee and the Office of State-owned Assets Investment Committee under China Investment Association. In total, there are 11 wholly-owned subsidiaries, 12 controlled subsidiaries and 172 third tier or above subsidiaries wholly-owned or controlled by SDIC. SDIC has 7 listed companies, i.e. SDIC 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) and China National Complete Plant Import & Export Co., Ltd. (000151), Hualien International (00969.HK), Zhongxin Fruit(5EG/SGX). These listed companies have built a good SDIC brand name in the Chinese capital market.