Suzhou New Area High-tech Industry Co., Ltd. (hereinafter referred to as "Suzhou High-tech") was established in June 1994 and listed on the Shanghai Stock Exchange in July 1996 with the stock code 600736. The company's main business is real estate development, and it is also engaged in the investment, development and production of high-tech products; investment, engineering design, construction, and scientific and technological consulting services in municipal infrastructure for basic industries such as energy, transportation, and communications. After more than ten years of unremitting efforts and development, as of December 31, 2008, the company had 6 holding companies and 10 joint-stock companies, with total assets of 9.997 billion yuan. In mid-June 2009, the company entered the "Shanghai 180 Index" of the Shanghai Stock Exchange. Since its listing, Suzhou High-tech has always appeared in the securities market with an image of good performance, steady growth, standardization and transparency, and has attracted the attention and favor of the majority of investors. After years of self-accumulation, rapid development and market competition, Suzhou Hi-tech has laid a good operating foundation and accumulated certain economic strength. At the end of 2008, the company's total share capital was 881.568 million shares.
In recent years, Suzhou High-tech has continuously improved the corporate governance structure, standardized the corporate operating mechanism, increased industrial structure adjustment, accelerated the project expansion process, and strengthened internal Control and management have enabled the company to continuously improve its comprehensive economic benefits and become an enterprise with excellent quality among A-share listed companies.
Suzhou Hi-tech's corporate governance has achieved remarkable results, and has performed outstandingly in giving full play to the active role of the power body of the shareholders' meeting, the decision-making body of the board of directors, and the executive body of the management, and has become the corporate governance body of listed companies in Jiangsu Province. The vanguard of the structure has laid a solid foundation for the company's sustainable development.
The company adheres to the development strategy of "focusing on real estate development, actively cultivating infrastructure management industries, and appropriately optimizing equity investment in joint-stock companies".
In the past three years, 90% of the company's main business income and profit contribution has come from the real estate business, and 80% of the company's total assets have been allocated to the real estate business. The three real estate companies controlled by the company, "Xingang", "Xinchuang" and "Yongxin", rely on their localization advantages to continuously enhance their brand effect and have been shortlisted as one of the "Top 50 Enterprises in Real Estate Comprehensive Strength in Jiangsu Province" for many years in a row. As a result, Suzhou High-tech has been ranked among the "Top 10 Real Estate Blue-chip Stocks of Listed Real Estate Companies" for many years in a row.
The infrastructure management industry is the second pillar industry that the company focuses on cultivating. Through holding shares and equity participation, the company has formed an industrial system with regional exclusive advantages in tap water supply, sewage treatment, heat and power supply, and bonded logistics in Suzhou High-tech Zone. This part of the industry has developed collaboratively, has stable business income, and has contributed greatly to the company's profits. Improved year by year. Suzhou Paradise, controlled by the company, has high brand awareness and reputation in East China. Its operating income has grown steadily and industrial synergies have continued to emerge.
The proportion of the company's external investment in the company's total assets is relatively stable, and the structure is constantly optimized. The company holds more than 66 million shares of Bank of Jiangsu, 5 million shares of Soochow Securities, 2% of the equity of AIA Huatai Fund Management Company, 5% of the proposed listed company Sino-Singapore Suzhou Industrial Park Development Co., Ltd., and 20% of Jiangsu AB Co., Ltd. Equity, this part of the assets not only brings good cash dividends to the company every year, but also provides imagination space for future capital market pricing.
Suzhou - a charming city with rapid economic growth and full of vitality. After sixteen years of rapid development, Suzhou High-tech Zone has transformed from a manufacturing base into a high-tech industry, finance and trade, leisure tourism and high-quality The area of ??the modern new city where residents live has expanded to 258 square kilometers. The acceleration of urbanization has promoted the development of the business and service industry. The Shishan Commercial District in the High-tech Zone has become one of the five major commercial districts in Suzhou, and the construction of intercity railways and intracity light rails Bring regional commerce into a rapid development track. The company's real estate strategy will also gradually advance towards commercial real estate, and will eventually form a "residential + commercial" two-wheel-driven real estate development model, and the regional infrastructure operation business will also enter the fast lane of development.
As a well-known listed company in China, the development process of Suzhou Hi-Tech has attracted market attention along with the miraculous growth of Suzhou's economy. In the new round of development, Suzhou Hi-tech will keep pace with the development of the Suzhou region. While focusing on economic benefits, it will also strengthen the sense of responsibility of corporate social citizens, focus on the company's standardized operations, improve the company's corporate governance structure, and protect the rights and interests of all investors. From the perspective of legitimate rights and interests, we strengthen communication with investors and build the company into a star enterprise with steady development, integrity and transparency, and generous returns in the capital market.