Up to now, the total assets of state-owned enterprises in Guangzhou has exceeded 5 trillion yuan, hitting 5.4 trillion yuan by the end of November, an increase of 30.2% compared to 2019, said Cui Yanlun, Deputy Head of the State-owned Assets Supervision and Administration Commission of Guangzhou Municipal Government, at a press conference on 2021 work report of state-owned enterprises in Guangzhou.
Cui Yanlun at speech. (Photo/Wu Weihong Nanfang Daily)
From January to November of 2021, the revenue of state-owned enterprises in Guangzhou has reached 929.68 billion yuan, the total profit was 68.36 billion yuan and the paid tax amounted to 70.32 billion yuan, with a YoY increase of 12.7%, 7.4% and 11.6% respectively.
Three state-owned companies in Guangzhou on the list of Fortune Global 500
In August of this year, Guangzhou Municipal Construction Group Co., Ltd. and Guangzhou Pharmaceutical Holdings Limited (GPHL) were newly listed as Fortune Global 500, which means that Guangzhou now has 3 state-owned companies in Guangzhou are on the list of Fortune Global 500. The longest, Guangzhou Automobile Group Co., Ltd. (GAC Group), has been on the list for nine years after entering in 2013.
2021 is a year with the focus on moving toward carbon peaking and carbon neutrality for GAC Group. Covering about 5230 mu of land, GAC’s industrial park for new energy and intelligent connectivity vehicles has used an investment of 30.5 billion yuan amid the booming demand for the environmentally friendly cars.
In spite of the pandemic, the shortage of chips and batteries as well as the rising of raw materials, from January to November this year, GAC still realized 1.87 million car productions, a YoY growth of 3.1%, and sold 19,110,000 vehicles with a YoY increase of 4.1%. It’s worth noticing that this year GAC ranked 176thin Fortune Global 500, climbing 30 spots higher than the previous year.
State-owned companies in Guangzhou active in cooperation with multinational enterprises
According to Jing Guangjun, General Manager of Guangzhou Industrial Investment Holdings Group (GIIHG), GIIHG has been active in cooperation with multinational enterprises in Guangzhou, such as Hitachi, Panasonic, Herrick, Johnson Controls and Siemens, to jointly build chain leader enterprises and produce top products in their corresponding industries. For example, the elevator produced by Hitachi Elevator in the Guangzhou Chow Tai Fook Finance Centre, one of Guangzhou’s landmarks, ranked first among all fastest elevators all over the world in Guinness World Records on December 11 of 2019 with the speed of 21m/s.
Guangzhou Chow Tai Fook Finance Centre at night. (Photo/Xiao Xiong Nanfang Daily)
As a locally-administered state-owned enterprise with the largest assets in Hong Kong, Guangzhou Yuexiu Holdings Limited achieved an operation revenue of 75 billion yuan from January to November, a YoY increase of 34%, and a total profit of 14 billion yuan, a YoY increase of 39% excluding one-off factors.
These recent years saw more than 120 billion yuan of fixed assets investment in Guangzhou Development Zone, Huangpu District. The Zone was also involved in the development of "1+1+3+n" Project. The first "1" means the Guangzhou Laboratory led by academician Zhong Nanshan. The second "1" means the GBA National Technological Innovation Center. And "3" refers to three major scientific and technological infrastructures in human cell lineage, aircraft tire dynamics and “insight”. "N" includes the New Huangpu Joint Innovation Institute of traditional Chinese medicine led by academician Zhang Boli, as well as a series of strategic science and technology innovation platform clusters.
To promote Macao’s diversified economic structure and combine its resources, Guangzhou Pharmaceutical Holdings Limited (GPHL) built the first Chinese patent medicine pharmaceutical factory that meets GMP standards in Macao on December 17 this year. GPHL also ranked 468thin Fortune Global 500 this year.
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