Shanghai Industrial Co., Ltd. was registered in Hong Kong in July 1981 as a window enterprise of the Shanghai Municipal Government in Hong Kong, and is currently wholly owned by the Shanghai State-owned Assets Supervision and Administration Commission. In June 1993, the company was renamed "Shanghai Industrial Investment (Group) Co., Ltd." (abbreviated as "SIIC Group"). In May 1996, SIIC Group's subsidiary, Shanghai Industrial Holdings Limited (abbreviated as "SIIC Holdings", stock code: 0363.HK), was listed in Hong Kong.
After 30 years, especially the rapid development in recent years, SIIC Group has rapidly expanded its scale and significantly enhanced its comprehensive strength. In 2011, SIIC Group's total assets exceeded HK$220 billion, and its total assets, total profit, and net profit attributable to the parent company ranked first among Shanghai's state-owned enterprises.
SIIC Group has now formed five core businesses: real estate, pharmaceuticals, infrastructure, consumer products, and financial equity investment. It has established SIIC Holdings as its flagship enterprise and overseas capital operation platform, owning several direct enterprise groups and listed companies, including Shanghai Pharmaceutical (Group) Co., Ltd., Shanghai Industrial Development Co., Ltd., SIIC Investment (Shanghai) Co., Ltd., Shanghai Overseas United Investment Co., Ltd., and Shanghai Industrial Investment Dongtan Development (Group) Co., Ltd.
After integration, SIIC Group's domestic real estate business has been fully concentrated under SIIC Holdings, with real estate projects distributed across more than ten provinces and cities nationwide. As of December 31, 2011, SIIC Holdings' land reserve exceeded 24 million square meters, ranking among the top domestic real estate developers. Meanwhile, SIIC Group is also developing the "Baltic Pearl" project in St. Petersburg, Russia, which is one of the largest non-energy investment projects by China in Russia to date. In the next step, SIIC Group will continue to deepen the integration of its real estate business.
In June 2008, the Shanghai Municipal Party Committee and Municipal Government decided to have SIIC Group take controlling interest and reorganize Shanghai Pharmaceutical Group, bringing significant development opportunities to SIIC Group's pharmaceutical business. In early 2010, after restructuring, SIIC Group's pharmaceutical business achieved an overall listing with Shanghai Pharmaceutical Group Co., Ltd. as the platform. In 2011, Shanghai Pharmaceutical completed an H-share financing of HK$15.2 billion in Hong Kong, becoming the first "A+H" pharmaceutical listed company on the mainland. Shanghai Pharmaceutical possesses a complete industrial chain including pharmaceutical R&D and manufacturing, distribution, and retail, with strong core competitiveness and R&D innovation capabilities, ranking among the top three in the domestic pharmaceutical industry.
SIIC Group's infrastructure business includes two major sectors: highways and water. It holds toll concessions for three highways connecting Shanghai with Jiangsu and Zhejiang provinces, as well as several backbone water enterprises in the industry, including Singapore-listed SIIC Environment Holdings Co., Ltd. and China Environmental Water Investment Co., Ltd. SIIC Group's infrastructure business is currently in a phase of rapid development, with daily water treatment capacity ranking first in the industry. SIIC Group is also actively expanding into new energy and green energy industries.
SIIC Group's consumer products business includes Nanyang Brothers Tobacco Co., Ltd., which has a centennial history, Wing Fat Printing Co., Ltd., and Hong Kong Tien Chu Co., Ltd. Nanyang Tobacco is the largest cigarette manufacturer in Hong Kong, with "Double Happiness" as its main brand. Wing Fat Printing is one of the oldest large-scale printing enterprises in Hong Kong, mainly engaged in paper packaging printing, packaging material supply, and related supporting services. Hong Kong Tien Chu has a history of over 80 years and is a pioneer in Hong Kong's seasoning and chemical industries.
SIIC Group's financial equity and investment business has formed a certain scale and strength, with good development momentum. After integration, related financial equity and investments are managed under a unified financial investment and asset operation platform, forming an important part of SIIC Group's five core businesses, providing various financial services to the other four core industries and actively cultivating new industries.
According to the strategic deployment of the Shanghai Municipal Party Committee and Municipal Government, SIIC Group has further intensified the development of Chongming Dongtan. The supporting infrastructure projects such as roads at Chongming Dongtan, listed as key city projects, were fully launched in early 2012. At the same time, a number of projects with comprehensive ecological, social, and economic benefits are being actively planned. Chongming Dongtan will become a new growth point for SIIC Group's future development.
Since its establishment, SIIC Group has always adhered to the purpose of "Rooted in Hong Kong, Relying on Shanghai, Facing the World, Going Global," actively participating in the economic and social development of Shanghai and Hong Kong. In 2010, SIIC Group fully fulfilled its obligations as a global partner of the Shanghai World Expo, making every effort to complete various Expo tasks with the focus on property management of the Expo Axis. In the coming years, taking the opportunity of Shanghai's full implementation of the 12th Five-Year Plan, SIIC Group will conscientiously implement its three-year development plan, adhere to both industrial operation and capital operation, fully utilize domestic and overseas capital markets, serve Shanghai and the whole country, and make positive contributions to promoting the development of strategic emerging industries and urban infrastructure construction in Shanghai. At the same time, it will further enhance its core competitiveness through expanded services and strive to build itself into a large overseas comprehensive enterprise group with brand, strength, and prospects for sustainable and healthy development.
Congratulations, submitted successfully!
Your edit is under review. You will be notified by email within 1 business day.
Submission failed.
Help others learn about this company, add my impression of this company»
Log in with the following accounts to save your follows