Holding 2 listed companies!, The leader of Foshan Holdings has been investigated! Leading local state-owned enterprises: 146 companies under its umbrella, city wide | Foshan | top leader

Release time:Apr 14, 2024 01:31 AM

On July 3rd, according to Lianjie Foshan, Liu Honglin, Secretary of the Party Committee and Chairman of Foshan Investment Holding Group Co., Ltd., is suspected of serious violations of discipline and law and is currently undergoing disciplinary review and supervision investigation by the Foshan Municipal Commission for Discipline Inspection and Supervision.

According to the company's official website, Foshan Holding Group was established in 2006 and is a state-owned limited liability company under the supervision of the State owned Assets Supervision and Administration Commission of Foshan City, with a registered capital of 3.378 billion yuan. We own 146 wholly-owned and controlling consolidated enterprises, and hold equity in 2 listed companies.

According to the company's official website, in 2021, Foshan Holding Group achieved a total operating revenue of 28.986 billion yuan; The total profit is 1.218 billion yuan; Net profit of 838 million yuan; The net profit attributable to the owner of the parent company is 280 million yuan. In 2021, the total assets of Foshan Holding Group were 58.288 billion yuan; The total liabilities are 39.987 billion yuan; Owner's equity is 18.301 billion yuan; Owner's equity attributable to the parent company is 8.722 billion yuan; The net cash flow generated from operating activities was RMB 269 million.

Giant investment map of Foshan Holding Group

As an important platform under the management of Foshan's state-owned asset system, Foshan Holding Group's subsidiaries include important state-owned enterprises related to people's livelihoods such as Foshan Water Industry Group, Electric Power Construction Group, and Gas Industry Group Co., Ltd., as well as investment companies supporting technological innovation and development such as Foshan Industrial Investment Co., Ltd. and Foshan Venture Capital Management Co., Ltd. It is reported that the company is the first state-owned enterprise in Foshan with a credit rating of AAA, ranking among the top 100 enterprises in Foshan for consecutive years, and becoming the vanguard and leader of state-owned enterprises in Foshan.

Foshan Holding Group currently has over 7000 employees and is one of the first pilot enterprises for the reform of state-owned capital investment and operation companies in Foshan City. It holds a wholly-owned stake in Fochuang Investment Company, a private equity fund manager, and undertakes and manages local industrial funds. It actively connects with the capital market, empowers Foshan's industrial recruitment, cultivation of listed companies, and regional economic development.

According to the official website of Foshan Holdings Group, in early June, the Lingnan Biomedical Industry Investment Fund in Foshan City was established in cooperation with Sanshui Financial Holding with a scale of 200 million yuan. It is managed by Foshan Holdings Group's wholly-owned private equity investment management company, Fochuang Investment. The fund currently has multiple planned investment projects in stock, among which the "2.2 class of nanomedicine" project will accelerate the landing and transformation of nanomedicine technology achievements in the Yundonghai Biomedical Industry Park in Foshan. It is understood that since last year, Foshan City has been planning to promote the reform of state-owned assets and enterprises. Foshan Holding Group has gradually strengthened its industrial investment platform function from traditional public utilities, leading the development of strategic emerging industries with state-owned capital, and promoting industrial coordinated development through diversified investment and financing models.

Holding 2 listed companies!, The leader of Foshan Holdings has been investigated! Leading local state-owned enterprises: 146 companies under its umbrella, city wide | Foshan | top leader

It is understood that the Lingnan Biomedical Industry Investment Fund in Foshan City is the first fund established by the Foshan Group after the transfer of the local industrial fund to Foshan Holding Group, and also the first fund established through urban linkage.

According to Tianyancha information, Foshan Industrial Investment Company has a registered capital of 5 million yuan, with Lu Jiale as its executive director and manager. Since 2023, it has invested in Runkong Food, Guangdong Yueke Jihua Technology Achievement Conversion Entrepreneurship Investment Partnership, and the aforementioned Foshan Lingnan Biomedical Industry Investment Fund.

In addition, the Foshan Innovation and Entrepreneurship Industry Guidance Fund is also wholly-owned by Foshan Holding Group. According to Tianyancha big data, it has invested in a total of 21 enterprises, with previous investments concentrated in fields such as healthcare and new energy.

In order to promote the transformation and upgrading of traditional industries, enhance the innovation ability and market competitiveness of state-owned enterprises, Foshan Holding Group also attaches great importance to leveraging the leading role of national, provincial, and municipal qualifications such as high-tech enterprises and specialized, refined, special, and new qualifications in the scientific and technological innovation and economic growth of state-owned enterprises. It concentrates its advantageous resources and strength to establish more research and development platforms at the provincial and municipal levels, actively undertakes influential national, provincial, and municipal scientific and technological projects, and the effectiveness of its cultivation work is gradually becoming prominent.

As of July 2022, the group has accumulated 35 high-tech enterprises, obtained over 1400 intellectual property rights such as patents and software copyrights, 33 national, provincial, municipal, and district research and development platforms, 1 national "science and technology reform demonstration" enterprise, more than 20 national and various scientific and technological innovation qualifications, as well as about 80 scientific and technological innovation honors such as the Zhan Tianyou Award.

State owned asset reform releases economies of scale

Since the reform of Foshan State-owned Assets in August last year, the scale of assets has reached a new level, breaking through two "100 billion" yuan. According to data from the State-owned Assets Supervision and Administration Commission of Foshan City, in 2022, the total assets of state-owned enterprises in Foshan will increase by more than 100 billion yuan, reaching 708.311 billion billion yuan, a year-on-year increase of 17.0 percent; operating income exceeded 100 billion yuan, reaching 121.546 billion billion yuan, a substantial increase of 49.1 percent.

According to statistical data, as of the end of 2021, the total assets of state-owned enterprises in Foshan City were 605.44 billion yuan, and the operating income for the year was 81.542 billion yuan. This means that in 2022, Foshan State owned Assets not only increased its total assets by over 100 billion yuan, but also achieved a revenue increase of 40 billion yuan, effectively offsetting the triple pressure of "demand contraction, supply shock, and weakened expectations" faced by current economic development, and taking the asset size to a new level.

In recent years, in order to change the industrial form, Foshan City has spared no effort, promoting the upgrading of traditional industries through "digital transformation and intelligent transformation", and developing and strengthening emerging industries through "recruitment and education". State owned assets have become an important force behind this. In the first two months of this year, Foshan's state-owned assets and enterprises visited a total of 145 key enterprises and important partners, and negotiated and coordinated 94 investment projects, which is more than the total of the past two to three years.

Foshan Holding Group has conducted cooperation negotiations with a central enterprise in the field of environmental protection, negotiated market development projects with a company in Guizhou, and discussed investment project reserves with a company in Chongqing. Shenzhen, Shanghai, Suzhou, Hangzhou, Fuzhou, Xiamen, Lanzhou, Beijing, Chengdu... are all targets of Foshan's state-owned assets and enterprises. Negotiations, matchmaking, and inspections in various regions are constantly accelerating, and a series of positive actions have led to the finalization of a number of projects and investment merger and acquisition cooperation intentions.

The Foshan Municipal Bureau of Statistics released economic performance data from January to May, showing that in the first five months, the added value of Foshan's large-scale industries steadily increased, industrial investment continued to grow at a high level, and consumer demand continued to recover. Among them, industrial investment, technological transformation investment, and infrastructure investment increased by 39.2%, 32.2%, and 22.2%, respectively.

As introduced by the relevant person in charge of the State owned Assets Supervision and Administration Commission of Foshan City, in the new year, the Foshan State owned Assets Supervision and Administration System will accelerate the promotion of mixed ownership economy, investment and mergers and acquisitions, industrial and trade industries, technological innovation, engineering construction, urban cooperation, and inter group cooperation.

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