Yuexiu Group was established in Hong Kong in 1985. After 35 years of reform and development, the Group has formed a “4+X” modern industrial system with finance, real estate, transportation infrastructure and agriculture and food as core industry; traditional industries such as papermaking; and strategic emerging industries that may enter in the future.
In 2019, the operating revenue was RMB 64.8 billion, a year-on-year increase of 29%; the total profit was RMB 15.9 billion, a year-on-year increase of 22%; the profit target of RMB 15 billion in the 13th five-year-plan was reached in advance; the total assets at the end of the period was RMB 666.2 billion, a year-on-year increase of 12%
Yuexiu Group also holds four listed companies, in which was listed as an A-share company in mainland China, the other four were listed in Hong Kong, which are , , and .
Among the core industries of Yuexiu Group,Yuexiu Propertyis a national comprehensive real estate developer. Over the years, it has developed more than 200 residential projects and more than 40 commercial projects represented by the Guangzhou International Financial Center, the tallest building in South China. Its commercial real estate value is at the forefront of listed real estate companies. With the launch of the national expansion in recent years, Yuexiu Real Estate has achieved key layouts in 15 cities in the Pearl River Delta, the Yangtze River Delta and the Bohai Rim and Central Region.
Yuexiu Real Estate Investment Trust (Yuexiu REIT) has Baima Building, Fortune Plaza, Chengjian Building, Victoria Plaza, Metropolis Building and IFC in Guangzhou's core commercial area, Yuexiu Building in Shanghai Lujiazui Bamboo Garden CBD and Wuhan Yuexiu Fortune Center, Xinghui Victoria Bay Shopping Mall, and others; the 9 high-quality properties with a total property area of nearly 1 million square meters. It is the world's first real estate investment trust to invest in mainland China.
Thefinancial sectoris one of the core sectors that the Group has focused on in recent years. At present, its total assets have exceeded RMB240 billion. It has several domestic and overseas financial business platforms such as banking, securities, leasing, asset management, industrial funds, guarantees, and small loans. The outlets are distributed in the United States, Hong Kong, Macao, and nearly 30 provinces and more than 70 major cities across the country, basically forming a comprehensive financial holding development pattern of “taking banks, securities as the core” and “cross-border operations and national expansion”.
Yuexiu Transport Infrastructure Limited (“Company”)are principally engaged in investment, operation and management of toll expressways and bridges in Guangdong Province and other high growth provinces in the People's Republic of China。The Company had a total of 15 investments in its operating expressways and bridge projects which included Guangzhou Northern Second Ring Expressway (“GNSR Expressway”), Guangzhou Western Second Ring Expressway (“GWSR Expressway”), Guangzhou Northern Ring Road ('Northern Ring Road'), Guangdong Humen Bridge (“Humen Bridge”) , Shantou Bay Bridge and Guangdong Qinglian Expressway, all of which are located within Guangdong Province; Han-Xiao Expressway , Suiyuenan Expressway, Hancai Expressway, Han’e Expressway, Daguangnan Expressway in Hubei Province; Cangyu Expressway in Guangxi Zhuang Autonomous Region (“Cangyu Expressway”); Jinxiong Expressway in Tianjin Municipality ; Changzhu Expressway in Hunan Province; Weixu Expressway in Henan Province. The attributable total toll length is approximately 534.9 km.
Guangzhou Flagship Development Group Co., Ltd. was founded in 1949. It was formerly known as Guangzhou Farm Management Bureau, Guangzhou State-owned Agriculture Industry and Commerce Joint Corporation, and Guangzhou Agricultural Industry and Commerce Group Co., Ltd. It is an urban type modern industry group with dairy industry as the main business, and with animal husbandry and modern service industry as support and has built the whole industry chain of dairy industry, pigs and laying hens. It is in the top 500 Guangdong enterprises and the top 100 service companies in Guangdong. It has 31 wholly owned and holding companies, including 8 subordinate enterprises.
Since 2009, Yuexiu Group has implemented “three-year adjustment and optimization development” (2009-2011), which defined strategic positioning, established core industries. By running such strategy, the group has actively quitted the business of hotels, international engineering and labor, cement, supermarkets, batteries and other businesses, and continuously purifies the main business.
Since 2012, Yuexiu Group has launched “transforming and upgrading development” to promote the scale development, layout optimization and efficiency improvement of the three core industries, especially cultivate and develop the financial industry. The Group has invested about RMB30 billion to “merge, newly establish, capital expand”, and promoted the financial sector to quickly become the largest industrial segment of Yuexiu Group, as well as one of the most powerful financial holding groups in Guangdong Province.
2019 is the 70th anniversary of the founding of New China. It is a crucial year for building a well-off society in an all-round way. It is also a crucial year for the successful completion of the Group's “13thFive-Year Plan” strategy and whether the development pattern can be further improved. At present, the external environment is becoming more complicated and severe, the downward pressure on the domestic economy continues to increase, and the general trend of strong financial supervision and strict regulation of real estate remain unchanged. The Group and various enterprises are still facing major challenges. The deepening of the construction of Guangdong, Hong Kong, Macao Greater Bay Area and the reform of state-owned assets and state-owned enterprises have brought new historic development opportunities. The group and various industrial sectors should conscientiously study and implement the spirit of the 19thNational Congress of the Communist Party of China and the spirit of the important speech of General Secretary Xi Jinping, conscientiously study and implement the spirit of the Sixth Plenary Session of the 11thCentral Committee of the Communist Party of China, further enhance the sense of urgency and opportunity. With the work theme of “reform and innovation, capacity improvement, transformation and upgrading”, we will focus on management, fine management, reform and innovation, deepening transformation, integrating resources on a larger scale and at a higher level, and push the development of the Group and the main businesses to a new level.
