State Development & Investment Corporation

State Development & Investment Corporation (SDIC) (国家开发投资公司) is the largest state-owned investment holding company in China. It was established on 5 May 1995, and by the end of 2008, it had a workforce of more than 60,000 employees with registered capital of US$2.4 billion, total assets of US$25.7 billion and shareholders' equity of US$8.3 billion. In 2008, its operation revenue reached US$6.2 billion, its total volume of import and export exceeded US$1.2 billion and its total profit hit US$730 million. SDIC is playing an increasingly important role in the development of national economy and the restructuring of the state sector of the economy.

Since its establishment, SDIC continuously improves its development strategy, optimizes its assets composition, and has built its unique tri-pillared business framework that integrates industrial investment, financial services and state-owned assets management.

SDIC's industrial investment mainly goes to power generation, coal mining, ports and shipping, chemical fertilizer production and other infrastructure or resource-oriented fields as well as high-tech projects.

Power Generation: SDIC Huajing Power Holdings Company Limited (SHA:600886) (国投华靖电力控股股份有限公司 abbreviated as “国投电力”）is listed on the Shanghai Stock Exchange. By the end of 2008, the capacity of SDIC's power projects commissioned and under construction has reached 46,060 MW; by 2012, SDIC will increase its total installed capacity to more than 50,000 MW. One of its key power projects is the hydropower development of the entire reach of Sichuan's Yalong River. Eventually 21 hydropower stations will be built along the River, with a total installed capacity of 30,000 MW. The construction of a hydroelectric plant on the Yalong was approved by the NDRC.

Coal Mining: the coal mining capacity of SDIC in 2008 exceeded 20 million tons; in 2012 it will reach 60 million tons. SDIC Coal Company (国投煤炭公司) is the principal wholly owned company. SDIC Xinji Energy Company Ltd, (: ) (国投新集能源股份有限公司) one of SDIC's listed subsidiaries, made a profit of US$230 million in 2008.

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