Jiangsu yueda Group is one of the 521 key state-owned enterprises in China, which has grown rapidly in the tide of reform and opening up in China. Yueda Group was born in Yancheng, Jiangsu Province, on the coast of the Yellow Sea. In this land, Hu Youlin, the founder of Jiangsu yueda Group, started from the late 1971s, with the pursuit of accelerating the economic development in northern Jiangsu and benefiting the people. He started from scratch without the state's investment in capital, led Yueda people to work hard, be brave in pioneering, and continue to grow and develop, realizing the extraordinary and leap-forward development of the group. After 28 years of hard work, it has more than 21 branches at home and abroad, with nearly 31,111 employees and total assets of 21 billion yuan. It has formed five industrial clusters of machinery manufacturing, textiles and clothing, energy and minerals, infrastructure investment and modern service industry, and has successfully cooperated closely with internationally renowned enterprises such as Hyundai, Carrefour of France, Fuji Heavy Industries of Japan, Triumph of Germany and Avande of the world's top 511. In 1994, yueda Investment, a holding company of yueda Group, was listed on the Shanghai Stock Exchange, becoming the first listed company in northern Jiangsu. In 2111, yueda Holdings, a holding company of yueda Group, was listed on the Hong Kong Stock Exchange, becoming the first enterprise in Jiangsu Province to issue red chips in Hong Kong. Since 1994, yueda has been ranked among the top 511 largest industrial enterprises in China, among the 521 key state-owned enterprises in China in 1996, and among the top 21 large-scale enterprises in Jiangsu Province in 2113, 2114 and 2115. In 2116, it achieved comprehensive sales of 31.86 billion yuan, profits and taxes of 1.528 billion yuan, and paid taxes of 1.17 billion yuan, which made a great contribution to Yancheng's fiscal revenue exceeding 11 billion yuan, and continued to maintain the leading position in the area north of the Yangtze River in Jiangsu, ranking among the top ten in Jiangsu, and being selected as the top 511 enterprises in China, ranking 89th.

Company Memorabilia

In October, 1976, in Yangquan, Shanxi, Hu Youlin sold his precious "Zhongshan" watch and military coat to keep out the cold, and exchanged it for 55 yuan money to transport the first batch of 511 tons of coal to Yanfu's hometown.

in p>1984, Hu Youlin took the lead in implementing the lump-sum coal blending scheme. In 1986, a five-story building was built in Shanxi Taiyuan office in Shanxi. Since then, 211 railway wagons and a 37,111-ton seagoing vessel have been purchased, creating a miracle of "no railway and no train, no harbor and no seagoing vessel".

in October of p>1989, Yancheng Material Industry Corporation was founded.

On May 8th, 1991, Yancheng yueda Industrial Group was formally established, which marked the beginning of a new milestone in yueda.

yueda industrial group (hk) co., ltd was established in p>1991.

On October 3rd, 1994, A shares of "Jiangsu yueda" were listed on the Shanghai Stock Exchange, becoming the first listed company in northern Jiangsu and the third listed company in Jiangsu Province. In the following years, in 1994, 1996 and 1998, "Jiangsu yueda" successfully implemented 1 share offerings and 2 rights issues; In March, 2111, yueda was allowed to issue 81 million new shares. So far, in the six years since yueda A-share listing, the total share capital of yueda Co., Ltd. has expanded from 73 million shares to 545 million shares, and * * * has raised nearly 1.2 billion yuan.

In May, 1994, Jiangsu yueda Industrial Group and Triumph Company jointly invested US$ 17 million, and Yancheng International Women's Fashion Co., Ltd. was established together, with an annual output of 11 million pieces of women's underwear of the world famous brand Triumph.

In p>1994, yueda Group ranked among the top 511 largest industrial enterprises in China, and in 1996, it was listed among 521 key state-owned enterprises in China.

on 11/18/996, the first-class highway in Shizhuang section, a new national highway of 214, which was built by yueda Group with foreign investment of 21 million US dollars, was completed and opened to traffic.

on October 31th, 1996, we realized technical cooperation with KIA Auto Co., Ltd. of Korea, and introduced the complete production technology of PRIDE economical car.

on April 8, 1997, yueda group (hongkong co., ltd.) and Hebei Langfang traffic bureau formally signed the first-class road management right of No.116 national highway from Bazhou to Wen' an in Langfang.

the first yueda YQZ6371 light bus (Pratt) rolled off the assembly line on August 8, 1997, marking the initial success of cooperation between yueda group and KIA. At the same time, it also marks that Yancheng automobile industry has taken a key step towards the modernization goal.

In September, 1997, with the approval of the Ministry of Foreign Trade, Jiangsu Province was approved to establish yueda Group (Hong Kong) Co., Ltd. in Hong Kong, with total assets of HK$ 411 million.

On October 28th, 1997, Zou Jiahua, then Vice Premier of the State Council, inspected the automobile factory and encouraged yueda Group to develop "national cars" to promote the economic development of the old liberated areas.

In May, 1998, yueda Group and French Carrefour established "Nanjing Yuejia Supermarket Co., Ltd." with a joint venture of 29.5 million US dollars.

On February 3rd, 1998, yueda Group and Jiangsu International Trust and Investment Company reached an agreement in Nanjing to purchase 26.36% shares of Huaneng Huaiyin Power Generation Co., Ltd. held by the company.

In April, 1999, "Yancheng yueda Kia Automobile Co., Ltd." was listed, with a total investment of 29.8 million US dollars and a registered capital of 15 million US dollars, with 71% from yueda and 31% from Kia.

On May 5, 1999, Jiangsu yueda Co., Ltd. and Xuzhou Communications Construction and Development Company reached an agreement. Jiangsu yueda Co., Ltd. invested 521 million yuan to acquire 81% equity of Xuzhou Third Ring Road, with a joint venture term of 25 years.

On October 21th, 1999, members of the Political Bureau of the Communist Party of China Central Committee, then Vice Premier of the State Council, and his party visited Yancheng Automobile Factory.

On October 26th, 2111, it signed a letter of intent for cooperation with Hyundai Motor Co., Ltd., the largest Korean automobile manufacturer, and yueda transferred 21% of its equity to Hyundai.

On September 29th, 2111, Jiangsu yueda Co., Ltd. and Jiangsu expressway Group signed a transfer agreement on yueda's acquisition of 21% equity of Jiangsu Jinghu expressway Co., Ltd..

On February 21th, 2111, the Carrefour Wuxi Yongle Store, a joint venture between yueda Group and Carrefour, officially opened.

in February p>2111, Jiangsu yueda co., ltd was renamed as Jiangsu investment co., ltd.

On October 3, 2111, yueda Group invested 811.2 million yuan to acquire 71% of the toll rights of Xitong Highway, with a term of 21 years.

On October 29th, 2111, yueda Holdings was listed on the Hong Kong Stock Exchange, becoming the first red-chip stock listed in Jiangsu Province.

On February 26th, 2111, PRIDE sedan was registered in the name of "7" sedan, which fulfilled Yueda's dream of "7".

On February 28th, 2112, yueda Group and Carrefour China Holding Company reached an agreement that yueda's share of Yuejia Supermarket increased from 25% to 45%, and the scope of cooperation was extended to Jiangsu, Anhui and Henan provinces and other areas recognized by both parties, and the cooperation in these three provinces was exclusive. The signing of this document indicates that the cooperation and development between yueda and Carrefour has entered a new era.

On March 29th, 2112, Dongfeng, yueda and Kia formally signed the contract and articles of association of the new company.

on July 29th, 2112, the contract and articles of association of Dongfeng yueda Kia Motors Co., Ltd. were approved by the Ministry of Foreign Trade and Economic Cooperation, and at the same time, the approval certificate of foreign-invested enterprises was obtained, with the approved total investment of 98 million US dollars and the registered capital of 71 million US dollars.

On August 8th, 2112, yueda International Hotel was awarded as a four-star foreign tourist hotel.

On October 28th, 2112, Carrefour Suzhou No.1 Store, a joint venture between yueda Group and Carrefour, opened. The store covers an area of 8,111 square meters.

On 11/18/2112, the new model "Maxima" of Dongfeng yueda Kia Motors Co., Ltd. rolled off the production line, with a scale of 51,111 cars.

on February 26th, 2113, the foundation stone was laid for the second phase project of Yancheng International Women's Fashion Co., Ltd..

On October 23rd, 2113, Comrade Hu Youlin was elected as a member of the 11th National Committee of the Chinese People's Political Consultative Conference.

February 21th, 2113, the inauguration ceremony of the first 4S franchise store of Dongfeng yueda Kia was held in Beijing. "Maxima" Lingjun sedan was officially put on the market.

on February 26th, 2113, the foundation stone was laid for the second phase project of Yancheng International Women's Fashion Co., Ltd..

On March 7th, 2113, Dongfeng yueda Kia Motors Company and Bank of China formally signed the Cooperation Agreement on Automobile Sales and Financing.

On March 11, 2113, yueda Yancheng Tractor Manufacturing Co., Ltd., Jiangsu Province successfully trial-produced the Huanghai Jinma 711 wheeled tractor.

On March 24th, 2113, yueda PRIDE series passenger cars and Dongfeng yueda Kia Maxima series cars all passed all the compulsory tests and tests stipulated by the state, namely "3C" certification.

On March 28th, 2113, Yancheng Municipal Party Committee and Municipal Government decided to carry out in-depth learning activities from yueda Group and Senda Group in the whole city (that is, learning from "two universities").

On May 25th, 2113, yueda Group held a party committee meeting to study the important speeches made by members of the Political Bureau of the Communist Party of China Central Committee, Secretary of the Central Secretariat, Director of the Central Organization Department and then Secretary of jiangsu provincial party committee Li Yuanchao during his inspection and guidance in Yancheng.

On June 3rd, 2113, Shanghai yueda Real Estate Company signed a reorganization agreement in Salt.

on June 8, 2113, the technical renovation and capacity expansion project of Dongfeng yueda Kia Motors Co., Ltd. was launched in Yancheng.

On June 22nd, 2113, the expert review meeting on the feasibility study of yueda Textile Garden Phase I project was held in Salt.

On July 1, 2113, the Party Committee of yueda Group was awarded the honorary title of "Advanced Enterprise Party Organization" by the municipal party committee.

On July 5th, 2113, Zheng Mengjiu, President of Hyundai Motor Group, and his party came to Salt to inspect the automobile project.

On July 31th, 2113, the signing ceremony of Jiangsu yueda Textile Garden Project was held in Salt.

On August 8th, 2113, the "Maxima" II sedan produced by Dongfeng yueda Kia Motors Co., Ltd. was grandly launched.

on August 26th, 2113, the business license of Jiangsu yueda Textile Co., Ltd. was officially approved. On September 3rd, its four subsidiaries received the approval certificate of foreign-invested enterprises issued by Jiangsu provincial government, the business license issued by Yancheng Industrial and Commercial Bureau on September 4th, and the confirmation letter of foreign-invested encouraged projects issued by Jiangsu Foreign Trade and Economic Cooperation Department.

On September 6th, 2113, yueda Group and French Carrefour Group signed the articles of association of the joint venture contract for the establishment of companies in Zhengzhou, Hefei and Xuzhou respectively.

On September 29th, 2113, the groundbreaking ceremony of the first phase of Jiangsu yueda Textile Science and Technology Industrial Park was held in Salt.

on 13/11/13/13, the senior executives of Hyundai-Kia Group, Dongfeng Motor Corporation and yueda Group held a meeting in Beijing, and unanimously agreed that the Yancheng plant of Dongfeng yueda Kia Motor Co., Ltd. should be expanded to 221,111 to 251,111 vehicles, and a new engine plant with an annual output of 311,111 vehicles should be built.

on October 31th, 2113, Yancheng International Women's Fashion Co., Ltd. opened its 11th anniversary and the completion ceremony of the second phase project was held in Salt.

on February 8, 2113, Dongfeng yueda Kia Motors Co., Ltd. rolled off the production line of the 51th Maxima car.

On February 26th, 2113, the first phase project of yueda Textile Science and Technology Industrial Park started in an all-round way.

In October, 2114, Comrade Hu Youlin was awarded the special prize of "the first development star of Yancheng City" by Yancheng Municipal Party Committee and Municipal Government.

On October 6th, 2114, Yancheng Municipal Party Committee and Municipal Government held a grand meeting to celebrate the 11th anniversary of yueda Group's comprehensive sales exceeding 11 billion yuan and yueda A-share listing.

On October 7th, 2114, members of the Political Bureau of the Communist Party of China Central Committee, Secretary of the Central Secretariat, Minister of the Organization Department of the Central Committee and then Secretary of jiangsu provincial party committee Li Yuanchao met with Bei Heneng, President of Carrefour Group, and his party at Nanjing Jinling Hotel.

On October 5, 2114, Comrade Hu Youlin met with Koji Takenaka, president of Fuji Heavy Industries, and his party at Beijing Hotel, and the two sides reached an understanding on the cooperation in producing high-tech garbage trucks in Yancheng.

On February 2, 2114, yueda Group signed a cooperation agreement with Junshan Coal Mine in Zhongyang County, Shanxi Province on the investment and development of Zhongyang coalfield projects and derivative industries.

on March 2, 2114, Yancheng municipal government held a press conference to release the ranking and overall development of the top 21 enterprises (groups) in the city in 2113, and yueda Group ranked first among the top 21 enterprises.

On April 5th, 2114, at the 8th China East-West Cooperation, Investment and Trade Fair, yueda Group and Shaanxi Huangling Mining Group signed a formal agreement to establish Huangling No.2 Coal Mine. This project is the largest investment project in Shangjiang-Jiangsu Province in this Western Fair.

on April 8, 2114, the signing ceremony of the resolution of the fourth meeting of the first board of directors of Dongfeng yueda Kia Motors Co., Ltd. was held in Salt, and it was decided to increase capital and shares to increase production capacity.

on April 8, 2114, the international route from Yancheng to Seoul was officially opened. The opening of this route has greatly shortened the time and space distance between Yancheng and South Korea, and provided great convenience for exchanges and cooperation between Yancheng and South Korean enterprises.

On April 9, 2114, Dongfeng yueda Kia Motors Co., Ltd. ranked 9th among the top 111 enterprises in Jiangsu Province in 2113.

On April 28th, 2114, yueda Group won the National May 1st Labor Award.

On May 11, 2114, yueda Group and Jiangsu Agricultural Reclamation Group held the signing ceremony of Dasheng Group's state-owned equity transfer agreement in Yancheng.

On May 2, 2114, Zheng Mengjiu, President of Hyundai Motor Group, and his party paid a three-day investigation visit in Nanjing and Yancheng.

On May 5th, 2114, on the occasion of the 51th anniversary of the establishment of Yancheng Acrobatic Troupe, yueda Group and Yancheng Acrobatic Troupe jointly established Jiangsu yueda Acrobatic Troupe, and held a grand unveiling ceremony in Jianhu, a famous acrobatic town.

On May 8, 2114, Bernard, global president of Carrefour, accompanied by Shi Rongle, president of Carrefour in China, paid an investigation visit to Salt.

On June 9th, 2114, the top MPV "Jiahua" produced by Dongfeng yueda Kia Motors Co., Ltd. was grandly launched in China International Exhibition Center.

On July 1, 2114, the Party Committee of yueda Group held a symposium on learning the spirit of "Two Musts" in Xibaipo, Pingshan County, Hebei Province.

On July 5th, 2114, Dongfeng yueda Kia Automobile Co., Ltd. held "Cheer for the Olympic Games, Cheer for Liu Xiang-Cheer for Maxima's 111-meter scroll signature" to cheer for Maxima's image spokesperson Liu Xiang's Olympic trip to Athens.

On July 25th, 2114, at the 11th anniversary celebration of Jiangsu Public Relations Association, yueda Group won the "Jiangsu Public Relations Achievement Award" and Comrade Hu Youlin won the honorary title of "Jiangsu Public Relations Elite Award".

On August 6th, 2114, yueda Group signed a technology transfer contract with Japan's Fuji Heavy Industry Co., Ltd. in Yancheng. Jiangsu yueda Yancheng Tractor Manufacturing Co., Ltd. introduced Japanese advanced technology to produce compressed garbage transport vehicles, and strived to build Yantuo into an important domestic special vehicle production base.

On September 8th, 2114, yueda Group and Shanxi Jingda Company held the signing ceremony of the investment agreement for the establishment of Shanxi yueda Jingda expressway Co., Ltd. in Taiyuan.

east on September 11, 2114