CONCH takes a great step to Global 500


Updated Tue, 27 Nov 2018 17:08:55 GMT

  On 21st, November, Conch group and Anhui International trade Group (holding) Co., Ltd held a meeting about reorganization, mobilization and deployment in Hefei. Vice-governor, Communist Party Secretary and director of Anhui Provincial SASAC He Shushan attended and addressed the meeting. Deputy Secretary-general of Anhui Provincial Government, director of supervision office Xie Chunming attended the meeting. Deputy Communist Party Secretary and deputy director of Anhui Provincial SASAC Xiang Xiaolong hosted the meeting. Huang Gan, the head of Disciplinary and Supervisory Department of Anhui Provincial SASAC, Discipline Inspection and Supervision Commission of Anhui Province, Anhui Provincial SASAC’s commissioner attended the meeting.

  He Shushan pointed out that one of the most important actions of deepening reform of state-owned enterprises taken by Anhui provincial committee and provincial government this year is the reorganization of Conch group and AITG. Those two enterprises reorganization is conductive to make Conch group be stronger and cultivate world class companies. It helps strengthen AITG’s competitive advantage and improve the development quality. It is also beneficial to promote the optimal and efficient allocation of resources and improve the operational efficiency of state-owned capital.

  He Shushan requested that the two groups’ reorganization should be completed within this year according to provincial government deployment. To follow market-oriented approached, normalized accomplish reorganization works such as AITG equity transfer and equity capital increase. To intensify reforms constantly, structure new advantages for development, promote the fast development of enterprise. To take modern enterprise system as direction, promote system and mechanism innovation, increase the vigor, control, influence and anti-risk capability of state-owned capital constantly. To enhance culture depth integration continuously, establish a superior corporate group with synergies in internal and competitive edge in external.

  He Shushan emphasized that promote reorganization work is policy enforcement, broader, and high degree of social concern. We should strength organizational leadership, identity goals and tasks, detail work measures, implement the responsibilities; we should operate in accordance with the laws and regulations, standard reorganization operating process, prevent loss from national assets; we should ensure the stability of overall situation, put legitimate interests of workers, enterprises and social stability in prominent positions, promote reorganization work in moderate and orderly state.




  The chairman of board of supervisors of provincial enterprises, the principal heads of related offices of provincial SASAC, members of leadership and the head of departments of Conch group and AITG, the principal heads of AITG’s second-level subsidiary company attended the meeting. The principal heads of Conch group and AITG made statements in the meeting.

  AITG as a big enterprise group of Anhui foreign trade industry. It is one of the key enterprises which are directly regulated by Anhui provincial SASAC

  AITG officially launched operations in March, 2006, now it owns 11 member enterprises and 18 hosting enterprises. Among them, as group core member enterprises, Anhui Cereals Oils & Foodstuffs I/E (group) Corp., Anhui Technology Import & Export Co., Ltd., ALIC, Anhui Garments Import & Export Co., Ltd and Anhui Import & Export Co., Ltd, their annual imports and exports are all reached above $150 million.

  AITG registered capital is 350 million Yuan. The main scope of the company includes operating and supervising authorized state-owned capitals, running international trade, real estate development and financial business. By the end of 2016, total assets of the group company reached 34.964 billion Yuan. Total net asset is 6.07 billion Yuan and 3.299 billion belongs to parent company’s net asset.

  AITG made the list of China’s Top 500 Enterprises for eight years in succession, ranked 450th place in 2017 China’s Top 500 Enterprises, 163rd in Top 500 China service enterprises.

  As the main force of Anhui province import and export trade industry, the concepts of Five Development will firmly established in AITG. To further standardize their management, actively strengthen guidance, control risk prudently, ensure the preservation and appreciation of state-owned assets, devote to building” Innovation AITG, Quality AITG, Happiness AITG”.

  From what China cement website understand, the other day in 2018 China’s Top 500 Enterprises Summit Forum, China Enterprise Confederation, China Entrepreneur Association released the list of “China’s Top 500 Enterprises”. From the list, Anhui Conch Group Co., Ltd owns 132.5281 billion, ranks 127th place. Anhui International trade Group (holding) Co., Ltd owns 37.53952 billion, ranks 426th place.