Guangzhou Development Group Co., Ltd., a listed company and a Fortune China 500 company, was established in 1992 and is a comprehensive energy enterprise specializing in electric power, energy logistics and natural gas as its core business
Guangzhou Development Group Co., Ltd. (stock abbreviation "Guangzhou Development", stock code: 600098) issued 100 million public shares on June 27, 1997, was established on July 11, 1997, and listed on the Shanghai Stock Exchange on July 18 of the same year. As of December 31, 2016, the company's total share capital was 2726.2 million shares, of which Guangzhou State-owned Assets Development Holdings Co., Ltd., as the controlling shareholder, held 1709.11 million outstanding shares, accounting for 62.69% of the total share capital, and China Yangtze Electric Power Co., Ltd. and its wholly-owned subsidiary, Beijing Changdian Innovation Investment Management Co., Ltd., as strategic investors, held 313.71 million shares and 71.73 million shares respectively, accounting for 11.51% and 2.63% of the total share capital.
Since its listing, the company has focused on the development strategy of building a large-scale comprehensive energy supplier in the Pearl River Delta, implemented the core values of "focusing on seriousness, pursuing excellence and harmonious development", adhered to the business policy of combining industrial operation and capital management, made full use of the capital market, standardized operation, steady operation, sustainable development and growth, and established a comprehensive energy business with electricity, energy logistics and natural gas as the core. It is the first in domestic enterprises to establish a safety, health, environmental protection management system and an investment social affairs management system, and is committed to improving the management level of enterprises in safety, health, environmental protection and social responsibility. It has established strategic cooperative relations with industry leaders in various fields such as BP, Guodian Group, Huadian Group, Yangtze River Electric Power, Yuedian Group, Tongmei Group, IFC, etc., laying a good foundation for the company's sustainable development.
Over the past 19 years since its listing, Guangzhou Development has established a good image of excellent performance and blue chips in China's capital market, achieved good returns to shareholders, and has been widely recognized by the capital market, becoming a constituent stock of the SSE 380 Index, CSI 500 Index, SSE Corporate Governance Index and Hang Seng A-share Sustainable Development Enterprise Benchmark Index, and the company is also listed as one of the 50 leading industrial enterprise groups in Guangdong Province and a large enterprise group supported by Guangdong Province and Guangzhou City. Looking forward to the future, Guangzhou Development will comprehensively expand its integrated energy business, conscientiously fulfill its corporate social responsibility, strive to build a flagship of the regional energy industry, and move towards sustainable development.
