In 2019, SDIC realized a profit of 20 billion yuan and a net profit of 16bn yuan

The reporter recently learned from the annual working conference of China Development and Investment Group Co., Ltd. (hereinafter referred to as "SDIC") that in 2019, the total profit of SDIC reached a record high of 20 billion yuan, with a net profit of 16 billion yuan and an operating income profit margin of 13.8%. "Over the past year, we have adhered to the implementation of the new development concept, served the national strategy, accelerated the development of new businesses, accelerated the transformation and upgrading, stabilized the efficiency, and made steady progress." Said Shi Hongxiang, general manager of the State Investment Corporation. As the only investment holding company in China's central enterprises, CIC has made a series of positive progress in recent years by insisting on adjusting the investment layout through the market-oriented mechanism, promoting the state-owned capital to speed up its investment in "lifeline" and "people's livelihood", and in the fields of ecological environmental protection, health care and pension. On December 8, 2019, the equity diversification reform of China investment hi tech Industry Investment Co., Ltd., a subsidiary of the State Investment Corporation, was officially implemented recently.

Four strategic investors, namely, overseas Chinese town capital, industrial bank investment, agricultural bank investment and "double hundred action" development fund for state-owned enterprise reform, were introduced, with an increase of nearly 5.5 billion yuan. This is the biggest case of "double hundred actions" in 2019. On December 18, 2019, SDIC health signed an agreement with China Baoyuan Investment Co., Ltd., a subsidiary of CNNC group. Both parties will jointly invest in the establishment of SDIC Baoyuan Health Service Co., Ltd. to build a healthy elderly care complex in Suzhou that integrates the functions of elderly care, rehabilitation, nursing, health management, etc. The project is the first pilot of the reform of the training and recuperation institutions of the state-owned enterprises and listed in the special action of inclusive pension, covering an area of 50 mu and building 1000 beds. "We will take the implementation of the three-year action plan for the reform of state-owned enterprises as an opportunity to deepen the reform and stimulate vitality. We will vigorously implement the tenure system and contractual management reform of the management members of subsidiaries, actively implement the professional manager system in combination with the equity diversification and mixed ownership reform of investment enterprises, and steadily promote medium - and long-term incentive measures such as employee stock ownership, shareholding plans of listed companies, and equity dividend rights of technology-based enterprises. " Said Shi Hongxiang.