Beijing Enterprises Holdings Co., Ltd., established in 1997, is a combination of eight high-quality assets in Beijing. With its own strength and strong background support, Beijing Enterprises has always received the attention and support of the capital market. On the day of its listing on May 29, 1997, it set a number of Hong Kong stock records, such as the largest number of funds raised for the initial listing, the first price-earnings ratio, and the oversubscription multiple.
After a series of reforms such as listing, restructuring, transformation, and resource integration, Beijing Enterprises Holdings has successfully transformed into a comprehensive public utility company, with its main business covering public utilities sectors such as city gas, urban water and solid waste treatment, of which the gas business covers more than 25 million users and nearly 100,000 kilometers of pipelines, the designed scale of water assets exceeds 29.65 million tons/day, and the domestic and overseas waste-to-energy treatment scale reaches 27,575 tons/day. At the same time, it has value investment business such as consumer goods business, which is mainly based on Yanjing Beer, one of the largest beer conglomerates in China and the largest beer producer in Asia. As an active practitioner of the "going out" international business strategy of Chinese enterprises, Beijing Enterprises has a wealth of high-quality assets overseas, including a number of technologically advanced water projects in Malaysia, Portugal and other countries in the water business, and a leading European waste-to-energy utilization company in Germany, Luxembourg and the Netherlands.
Over the years, Beijing Enterprises Holdings has given full play to the dual resource advantages of Beijing and Hong Kong's capital markets, implemented a proactive, prudent and focused development strategy, and become a representative red-chip enterprise in Hong Kong's capital market, opening up new areas and financing channels for the capital's economic development, and also playing a positive role in demonstrating the success of municipal enterprises in the international capital market.
Beijing Enterprises will continue to leverage the advantages of resources and background in Beijing and Hong Kong, strive to grasp the huge business opportunities brought about by the marketization of domestic public utilities, the rapid economic development of the capital and urban construction, optimize the allocation of resources, and introduce advanced management expertise and technology from overseas, so as to improve the management and operation level of China's environmental protection industry. "There will be a time when the wind and waves will be long, and the clouds will sail into the sea." Beijing Enterprises will continue to implement the development purpose of maximizing shareholders' interests and focusing on the development principle of its main business, adhere to the purpose of "based in Beijing, prosperous Hong Kong", and strive to play a positive impact on social development and environmental construction while enhancing the value of the enterprise, so as to achieve mutual benefit and win-win results.
