China Agricultural Development Group Co., Ltd. Second Branch (abbreviated as "CNADC Group") is a central agricultural enterprise directly managed by the State-owned Assets Supervision and Administration Commission of the State Council. It was renamed and established in October 2004 based on the restructuring of the former China Aquatic Products (Group) General Corporation and the former China Animal Husbandry Industry and Commerce (Group) General Corporation. The Group has total assets of over 15 billion yuan and more than 80,000 employees, of whom over 10,000 are overseas employees. The Group owns 19 wholly-owned and holding subsidiaries and 4 listed companies both domestically and abroad, with business operations spanning all provinces (autonomous regions, municipalities directly under the central government) across the country, and has established branches or bases in more than 40 countries (regions) worldwide, maintaining economic and trade exchanges with over 80 countries (regions).
As the largest, comprehensive, and international state-owned central agricultural enterprise in China, the CNADC Group is committed to international cooperation and the development and utilization of agricultural and fishery resources externally; internally, it adheres to the purpose of serving the "three rural issues" and actively promotes the process of agricultural industrialization. Through years of development, the Group has gradually formed three main business sectors: pelagic fishing and agricultural resource development; research, development, production, and sales of biological vaccines, veterinary drugs, and feed additives; and supporting services related to agriculture, animal husbandry, and fishery.
The CNADC Group implements the decisions and arrangements of the Party Central Committee and the State Council on deepening the reform of state-owned enterprises. In accordance with the relevant requirements of the SASAC to strengthen and expand enterprises, it will continue to promote enterprise reform, further adjust and optimize the industrial structure, allocate resources rationally, enhance core competitiveness, comprehensively improve enterprise quality, and, facing both international and domestic markets, strive towards even greater goals.
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