Xiamen ITG Holding Group Co., Ltd. (“ITG Holding”) is a state-owned enterprise group that belongs to Xiamen City. It has earned distinction in numerous rankings both domestically and internationally: Fortune 500 companies, World’s 500 Most Influential Brands, Asia’s 500 Most Influential Brands, National Excellent Collectives in Poverty Alleviation, National Contract-Abiding and Trustworthy Enterprises, Model Enterprises in China for Internal Audits, Top 100 Chinese Excellent Units in Enterprise Education, Top 100 Enterprises in Fujian Province, Culturally and Morally Outstanding Units in Fujian Province, Model Enterprises for Integrity in Xiamen City, and Model Units for Corporate Culture in Xiamen City. The Group has also been listed among the Top 500 Chinese Enterprises, Top 500 Chinese Enterprises in the Service Sector, and Top 500 Chinese Foreign Trade Enterprises for several years. In 2022, it was listed as a Fortune 500 company for the sixth time and ranked at 106th place, up by 65.
The Group’s operation is primarily concentrated in five areas: supply chain, advanced manufacturing, urban construction and operation, consumption and health, and financial services. The company’s wholly-owned enterprises and share-holding enterprises include Xiamen ITG Group Corp., Ltd. (listed), Xiamen Xindeco Limited (listed), Xiamen CCRE Group Limited (with a listed subsidiary, XGMA), Xiamen ITG Real Estate Co., Ltd., Xiamen ITG Assets Operation Group Co., Ltd., Xiamen ITG Education Group Co., Ltd., Xiamen ITG MICE Group Co., Ltd., Zhonghong Pulin Group Co., Ltd. (with a listed subsidiary, Zhonghong Pulin Medical Product), and China ZhengTong Auto Services Holdings Limited (listed).
Committed to “leading globally competitive industries, creating a better life”, the Group strongly adheres to its core values: leadership, responsibility, hardworking and partnership. As a pioneer of innovative culture, the Group devotes itself to “becoming a world-class enterprise leading competitive industries and a better life”.
Our supply chain management business holds a leading position in various domestic fields, including iron ore, steel, non-ferrous metals, paper, petrochemicals, textiles, energy, rubber and tires.
The Group works to expand its industry chain’s upstream and downstream for a vertical industry chain, while it also horizontally replicates its supply chain model to expand the enterprise’s business categories and meet clients’ core demands, such as stable commodity sources, cost reduction and risk control. It accomplishes this dual expansion by relying on its core competitiveness in resource acquisition and distribution channels on a global scale, professional and effective risk control, 5A logistics and distribution, and finally comprehensive financial services. It aims to construct a high value-added comprehensive service platform that integrates resource concentration, channel development, price management, financial services, logistics, distribution, risk control, brand maintenance and industrial investment. By building up its capacity to integrate the flows of business, commodities, capital and information, the company can provide clients with comprehensive and customized supply chain service solutions while leveraging digital technology to promote business innovation, build a smart supply chain and empower industrial transformation and enhancement.
The Group has established domestic regional companies and offices in more than 30 cities as well as overseas branches in more than 10 countries and regions. It boasts supply chain-related business ties with over 100 countries and regions and serves more than 90,000 active clients upstream and downstream. To ensure effective and quick response to market demand, it has built a comprehensive business network in major sales markets at home and abroad.
Advanced manufacturing mainly covers electronics and information, high-end equipment and other related businesses. The Group strives to incubate and cultivate new energy industries to actively build an investment platform for advanced manufacturing in Xiamen.
The electronics and information business mainly includes flat panel displays, IoT, and optoelectronics. The 6th generation flexible AMOLED production line project of Tianma Microelectronics Co., Ltd., in which the Group is the lead investor, has attracted a total investment of RMB 48 billion, making the plant one of the largest in China for single flexible AMOLED and the most advanced in the world. The 8.6 generation of Tianma’s new display panel production line project, in which the Group also leads in investment, has pooled a total investment of RMB 33 billion. These investments are targeted at markets for display products that are used in automobiles, IT facilities, industrial products and other display-related applications.
The IoT business focuses on R&D, manufacturing and application integration services for RFID tags, reading and writing equipment, RFID solutions and other hardware and software. Its products are mainly applied in the supply chain for footwear, apparel, retail, libraries, or for identification, food traceability and smart city applications. Thanks to its Xiamen City Key Laboratory for Electronic Tags, the Group has been awarded the IoT Star and recognized as the Star of Smart Technology by the industry association for years.
The optoelectronics business features advanced equipment for automatic production and testing. Its production and sales of packaging and lighting products lead the industry.
The high-end equipment business involves loaders, excavators, forklifts, road machinery, small machinery, tunnel drilling machinery, hydraulic cylinders and other fields. In this sector, the Group strives to further integrate information and industry, accelerate digital transformation, and upgrade traditional manufacturing to be intelligent manufacturing. In this business line, the Group’s main affiliates include XGMA, XGMA Heavy Industry, Yinhua Machinery and Sanming Heavy Industry.
The urban construction and operation sector mainly includes: real estate, urban services, conferences and exhibitions, asset operation, etc.
The real estate development business currently covers 19 key cities nationwide, with nearly 100 high-quality projects and 200,000 owners. The Group continues to facilitate the nation’s mission to realize the strategic layout of in-depth development in Fujian, the Yangtze River Delta, the middle reaches of the Yangtze River, the Great Bay Area and the Chengdu-Chongqing city cluster. It has been listed as one of the top 100 real estate development enterprises in China for multiple years in a row. Furthermore, it has been recognized as one of the top 10 real estate development enterprises in East China with the greatest brand value. It has also been listed in the top 100 real estate enterprises in China with the greatest product impact and top 100 real estate enterprises in China with the greatest human capital value.
Urban services include urban renewal projects, construction projects and property services. In the urban renewal business, which is actively integrated into Xiamen’s plan to upgrade development on and off the island, the Group works to innovate upon a government-led + enterprise operation model, and facilitates upgrades to the Sports Exhibition New City in the east of Xiamen, the Binbei Super Headquarters Base, the Shapowei Area and the Wuyuan Bay Operation Center Phase II, for a renovated area of over 4 million square meters. The project construction business offers one-stop professional construction services for large public buildings, cultural and educational facilities, hospitals, municipal facilities and resettlement housing. It includes a total construction area of over 10 million square meters and over 100 projects, which infuse urban development with a strong sense of responsibility and mission. The Group has nearly 200 property service projects, with a total area of 35 million square meters under its management and over 3,000 employees. As the owner of the “Platinum Excellence” high-end business cluster brand and “ITG Industry Park Service” brand, the Group became a member of the Golden Key International Alliance in 2021. This marked a new beginning for the Group’s quality services, which cover property management, industrial park operation, investment management, community economy, smart cities, etc. It provides professional services for the whole life cycle of different projects such as residential blocks, office buildings, industrial parks, administrative offices and schools.
The conference and exhibition business involves the construction and operation of the Xiamen New Convention and Exhibition Center, active participation in the comprehensive development of convention and exhibition industry clusters, planning and organization of large domestic and international conferences and exhibitions. The Group provides high-quality business services to facilitate Xiamen’s transformation into a high-quality, beautiful, modernized and internationalized convention and exhibition center.
In the business management sector, asset management and retail operation are the core areas. The Group runs commercial complexes, boutique supermarkets and online shopping malls, with an aim to promote high-quality lifestyles in a holistic way. Its industrial investment and operation follow a developmental concept that emphasizes integrating the city and production in addition to promoting the mutual development of these two entities. The Group endeavors to become a developer of industrial ecology and an operator for industrial development that possesses national influence. Led by what is referred to as a “tourism+” strategy, the Group’s business in cultural tourism development and operation integrates resources associated with cultural tourism, research, health and recreation as a means of building a comprehensive and diversified tourism ecological chain and creating the new face of cultural tourism.
The consumption and health sector mainly covers the areas of automobile, medical and health care, food and education.
As the holding company of ZhengTong Auto and Xindeco ITG Auto, the Group operates more than 160 automobile 4S stores, new energy vehicle experience centers and other outlets in 17 provinces and municipalities that are governed directly under the central government. They distribute over 30 mainstream mid- to high-end car brands, including Porsche, BMW, Mercedes-Benz and Audi. The Group’s business scope covers branded 4S dealership, used vehicles, parallel imported vehicles, auto finance, auto maintenance, roadside assistance, and public charging stations for new energy vehicles. Stores operated by the Group are among the leading auto dealers in China.
The Group’s medical gloves business integrates the R&D, production and sales of nitrile gloves, PVC gloves and PE gloves. The Group has engaged in building seven production enterprises in two production bases in Hebei Province and Jiangxi Province that rank among the top production bases in China and are on even footing with global sites of production in terms of their production capacity for disposable protective gloves. Driven by innovative investment, the Group’s health technology business integrates resources with an innovated development model, meshes business with technology, and concentrates on medical devices, elderly care services, big data associated with the medical and health industry, health services and other sectors. It aims to build cooperative links and platforms that bridge enterprises, society and the government, thus facilitating value creation while also serving society and people.
The broiler business integrates chicken breeder raising, chick hatching, feed production, contract-based stocking, large-scale breeding by farmers, broiler slaughtering and further processing, cooked food and condiment processing, foreign trade and domestic sales, with an annual broiler slaughtering and processing capacity of over 100 million chickens.
The education business fully leverages the resources-related advantage of ITG Holding as a state-owned enterprise. In this sector, the Group helps diversify educational resources in the city, while also fulfilling its social responsibility. At present, its main business covers three major fields: elementary education, higher education, and talent training.
The Group’s financial services revolves around serving supply-side structural reform. Its financial business involves exploring innovative financial business models. It aims to promote the integration and synergistic development of production and finance by focusing on transformation and upgrades. At present, the Group has wholly-owned or share-holding subsidiaries in futures, asset management, risk management, financial leasing, commercial factoring, guarantee, pawn, and microfinance, among other fields. It also holds equity in several banks and securities companies, with its business covering futures, derivatives, inclusive finance and finance for the brick-and-mortar economy. The Group can provide comprehensive services on a “supply chain + finance” basis for brick-and-mortar businesses. It also provides multi-dimensional and specialized trading platforms in addition to financial services that cover the upstream and downstream of the industry chain.
The Group’s finance company provides member enterprises with financial services such as payment collection and settlement, loan, discount, letter of guarantee as well as interbank lending, bill transfer, bill re-discount and securities investment, which are handled by through its corresponding financial licenses.
