The State Development and Investment Group Co., LTD. (SDIC Group)

The State Development and Investment Group Co., LTD. (hereinafter referred to as “SDIC Group”), established in 1995, is an important state-owned backbone enterprise directly under the administration of the central government, and was officially transformed into a state-owned capital investment company in June 2022. With a registered capital of 33.8 billion RMB yuan, SDIC Group had total assets of 876 billion RMB yuan and about 50,000 employees by the end of 2024. In 2024, SDIC Group made 195.8 billion RMB yuan in revenue and 25.6 billion RMB yuan in profit. It was awarded Grade-A in the performance assessment by the State-owned Assets Supervision and Administration Commission of the State Council for 21 consecutive years, and was honored as an outstanding performance enterprise for 7 consecutive terms.

SDIC Group always adheres to the strategy of serving the country and considers it as its own responsibility to promote structural optimization, build a better life for the people, boost scientific and technological innovation, and lead industrial upgrading. It gives full play to the leading and driving role of state-owned capital in important industries and key fields, and builds itself into a world-class capital investment company. SDIC Group focuses on four major business areas: energy-related industry, digital/science technology, people's livelihood & health, and industrial finance. The energy-related industry contributes to the realization of the national energy security and the Dual Carbon Strategies, focusing on power generation (including hydrogen/energy storage), energy ports and bioenergy. Digital science/ technology promotes the development of science &technology and digital economy industries, focusing on bio-manufacturing, electronic information engineering services, cyber security and digital governance, new materials, inspection and testing of special equipment, as well as automobile energy management system. People's livelihood & health helps meet people's needs for a better life, including potash fertilizer, health & old-age caring, trade, human resources services (including consulting services), concentrated juice as well as biological agriculture. Industrial finance serves the real economy, focusing on securities, industrial funds, guaranty, trusts, financial leasing, finance companies, and asset management. SDIC Group has 17 wholly-owned and holding subsidiaries, and 477 wholly-owned and holding investment enterprises. These include nine holding listed companies: SDIC Power (600886.SH), SDIC Capital (600061.SH), SDIC Intelligence (300188.SZ), Yapp Automotive Service (603013.SH), SDIC Zhonglu (600962.SH), China High-speed Railway (000008.SZ), Fengle Seed (000713.SZ), Tongyizhong (6887 22.SH), Zhongxin Fruit (5EG.SGX). In the capital market, SDIC Group has built itself into an influential brand.