2019-8-19
 

Introduction

Yuexiu Group was founded in Hong Kong in 1985. After 30 years of reform and development, Yuexiu Group has established its “3+X” modern industrial system comprised of real estate, finance, and transport & infrastructure as the core businesses, complemented by such traditional industries as papermaking, development and some other potential strategic emerging industries.

Besides, Yuexiu Group also holds four listed companies, in which Yuexiu Financial Holdings Group Co. Ltd. (000987.SZ) was listed as an A-share company in mainland China, the other four were listed in Hong Kong, which are Chong Hing Bank Limited (01111.HK), Yuexiu Property (00123.HK), Yuexiu Transport Infrastructure Limited (01052.HK) and Yuexiu Real Estate Investment Trust (00405.HK). By the end of 2018, Yuexiu Group’s total assets nearly reached RMB 600 billion, with a steady annual operating income of over RMB 40 billion and a total profit of over RMB 10 billion, in which the three core businesses account for about 96% of total assets, 95% of operating income, and 98% of total profit.


Among the core industries of Yuexiu Group, Yuexiu Real Estate is 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. The financial sector is 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 Transportation Infrastructure mainly invests in and operates toll highways, ports and bridges. Currently it mainly owes Guangzhou North Second Ring Road, Guangxi Cangyu, Hunan Changzhu, Hubei Hanxiao, Henan Yuixu, Tianjin Jinbao, Hubei Suiyuenan and other holding high-speed highway. Yuexiu Real Estate Investment Trust (Yuexiu REIT) has Baima Building, Fortune Plaza, Chengjian Building, Victoria Plaza, Metropolis Building, Guangzhou International Finance Center 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.

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 “13th Five-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 19th National 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 11th Central 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.