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China Resources Limited

Date:2021-02-05 View:339

China Resources means "the land of China is moistened by rain and dew". The design idea of China Resources logo originates from the Chinese character "Hua" written by Yan Zhenqing, the calligraphy master of the prosperous Tang Dynasty. Yan style is famous for its natural, vigorous and majestic style, and the calligraphy style is very suitable for the corporate image of China Resources. Yan Zhenqing's "China" is composed of four "people" in the middle. The CR logo inspired by this shows that China Resources and the long and splendid Chinese culture come down in one continuous line.

The amber yellow square in the logo of China Resources symbolizes the earth; the four abstracted "people" respectively represent the business philosophy of China Resources, which is "all people-oriented, population driven growth, respect for the humanistic spirit, and improve people's lives"; the four "people" are like a group of upward arrows, implying the prosperity of China Resources; the white "people" is bright from the amber yellow background Jump out, on behalf of the people of China resources have the courage to face challenges, and actively innovative thinking.

China Resources (Group) Co., Ltd. (hereinafter referred to as "China Resources" or "China Resources Group") is a diversified holding enterprise group registered and operated in Hong Kong. Its predecessor was Lianhe bank, which was established in Hong Kong in 1938. It was reorganized and renamed as China Resources Company in 1948. In 1952, its subordinate relationship changed from the general office of the CPC Central Committee to the Ministry of trade (now the Ministry of Commerce). In 1983, China Resources (Group) Co., Ltd. was reorganized and established. In December 1999, it was decoupled from the Ministry of foreign trade and economic cooperation and listed as the central administration. In 2003, it was directly managed by the state owned assets supervision and Administration Commission of the State Council and listed as a key state-owned enterprise.

In 1983, China Resources (Group) Co., Ltd. was established on the basis of restructuring its subordinate institutions into a company with equity as the link. Since then, the business of China Resources has shifted from general agent trade to self operation, and through a series of industrial investment, it has gradually developed into an influential enterprise group with industrialization as the core in Hong Kong and the mainland.

China Resources Group has seven strategic business units, 19 first-class profit centers, more than 1200 entity enterprises and nearly 350000 employees. China Resources has five listed companies in Hong Kong and six in the mainland. Among its "blue chip three heroes", China Resources venture, China Resources Power and China Resources Land are listed in the Hang Seng Index of Hong Kong. China Resources gas and China Resources cement are listed in the Hang Seng Composite Index and Hang Seng Chinese enterprises index. China Resources Group is one of the top 500 enterprises in the world. In 2011, it ranked 233. Since 2005, it has been awarded the title of A-class central enterprise by SASAC. In 2011, it ranked 7 in the performance appraisal of central enterprises. China Resources retail, China Resources Snow Beer and China Resources Gas ranked first in terms of business scale in China. China Resources power is one of the independent power generation enterprises with the fastest growth performance, the lowest operating cost and the best operating efficiency in China; China Resources Land is one of the most powerful comprehensive real estate developers in mainland China; snowflake beer, yibaoshui, Wanjia supermarket and Vientiane city are famous brands in China.

By the end of 2011, the company had total assets of HK $765.4 billion, total liabilities of HK $501.4 billion and owner's equity of HK $264.0 billion. At the end of 2011, the company achieved a sales revenue of HK $336.2 billion and a net profit of HK $17.4 billion attributable to shareholders. The core business of the group includes consumer goods (including retail, beer, food and beverage), electric power, real estate, medicine, cement, gas, finance, etc. The diversified business of China Resources has a good industrial foundation and market competitive advantage. Among them, retail, beer, electric power, real estate, gas and medicine have established a leading position in the industry.

Since 2001, China Resources has implemented the development strategy of "reinventing China Resources". Through the development of two strategic periods, it has established a strong industrial foundation and greatly improved its industrial status and development ability.

At present, China Resources Group is implementing the development strategy of the 12th Five Year Plan. On the basis of giving full play to the advantages of diversified enterprises, it will build a number of strategic business units with turnover of over 100 billion and operating profit of over 10 billion, and strive to achieve the goal of overall sales of 700 billion, operating profit of 100 billion and total assets of 1 trillion during the 12th Five Year Plan period, so as to rank in the top 250 of the world's top 500 and make the group a top 500 company China Resources will become a "world-class enterprise" with international competitiveness.

In the future, China Resources Group will continue to surpass, repay shareholders and the public with better performance at a new starting point.


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