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CITIC Guoan Group

CITIC Guoan Group
Formerly called
CITIC Guoan Corporation
private
Industry Conglomerate
Founded
  • 1987 (as Guoan Hotel)
  • 1989 (incorporated)
  • 2011 (as limited company)
Founder CITIC Group
Headquarters Chaoyang District, Beijing, China
Area served
mainland China
Revenue IncreaseCN¥93.527 billion (2015)
Increase CN¥907 million (2015)
Profit Increase CN¥556 million (2015)
Total assets Increase CN¥157.980 billion (2015)
Total equity Increase CN¥14.565 billion (2015)
Owner
  • CITIC Group (20.95%)
  • Heilongjiang Dingshang (19.76%)
  • Beijing Heshengyuan (17.79%)
  • Gonghe Holdings (15.81%)
  • Ruiyu (Shanghai) Equity Fund (15.81%)
  • Tianjin Wanshun Properties (9.88%)
Subsidiaries
Website www.guoan.citic.com
Footnotes / references
in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards
CITIC Guoan Group Co., Ltd.
Simplified Chinese 中信国安集团有限公司
Traditional Chinese 中信國安集團有限公司

CITIC Guoan Group Co., Ltd. is a Chinese company. The company itself was founded by CITIC Group. (However, CITIC Group now owned just 20.95% stake). CITIC Guoan Group is the largest shareholder of CITIC Guoan Information Industry (: 000839), CITIC Guoan Wine (: ), Baiyin Nonferrous Metals Group and Global Tech Holdings (: 00143, SGX: G11).

CITIC Guoan Group was a wholly owned subsidiary of CITIC Group until 2014. The company had a net assets to total assets ratio of 0.00125 (around 1:799) in a consolidated financial statements as at 31 December 2013 (CN¥94 billion total assets to CN¥119 million equity).

In 2014, the company recapitalized, which several private capitals subscribed the increase. After the recapitalization, the stake of CITIC Guoan Group became one of the few assets of CITIC Group that was not injected to its listed subsidiary CITIC Limited. CITIC Group also disinvested CITIC Limited in 2015.

CITIC Guoan Group was the co-founder of Beijing Guoan F.C.. However, the stake was now owned by CITIC Limited.

In December 2015, CITIC Guoan Group (via Road Shine Developments and Guoan (HK) Holdings) bought a major stake of Global Tech Holdings for HK$0.11615 per shares.

As at 31 December 2015, CITIC Guoan Group via CITIC Guoan Co., Ltd. owned 2.00% stake in Bank of Shanghai.


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