On Jan. 19th, SDIC Group held its Annual Meeting in Beijing.
Chairman Bai Tao reviewed the touching
experiences of nearly 50,000 SDIC employees had in combating Covid-19,
resumption of work and production and poverty alleviation in 2020. The year
2020 was the closing year of the 13th Five-year Plan. In the past
five years, SDIC witnessed steady growth of operating revenue and upgrading of
business structure, which ranking on top of all the central SOEs. In 2020, SDIC
realized a profit of 22.1 billion RMB yuan with a 10.3% year on year increase,
and a net profit of 17.6 billion RMB yuan with a 9.5% year on year increase,
both of which hit historic high.
2021 was the starting year of the 14thFive-year Plan as well as the launching year of making a New SDIC. Firstly, we
would make new achievements in establishing more pro-market and more vitalized
mechanisms. We should stick to market-oriented development and establish all
compatible mechanisms for a world-class capital investment company with a view
to giving incentives to our potentials. Secondly, we should make new
achievements in streamlining business structure. We should fine tune
infrastructure-related industries, specialize in newly emerging industries and constantly
improve financial services. We should realize the complementary development of
cyclic and non-cyclic industries as well as the synchronized development of
industries and financial services. We should enhance risk resistance potent and
achieve steady development. Thirdly, we should make new achievements in
enhancing operation revenues. We should stick to high-quality development and
scaled sustainable development. Fourthly, we should make new achievements in
giving full play to a capital investment holding company, and nurture a group
of leading companies in several sub-divided areas with a view to enhancing the
influence of New SDIC brand.