Jiangsu Coastal Development Group Co., Ltd. now operates more than 400,000 mu of land, with 33 wholly-owned, holding and shareholding enterprises and nearly 5,000 employees. By the end of June 20 10, the total assets of the group company were 8.489 billion yuan and the net assets were 6.787 billion yuan. In 2009, it realized an operating income of 3.083 billion yuan and a total profit of 2.665438 billion yuan. With the consent of the provincial party committee and government, the group company is undertaking the reclamation project of 400,000 mu of striped mudflat along the coast, and has completed the planning demonstration, feasibility study report preparation and expert review, and will soon start construction. In the next step, the group company will focus on the strategic deployment of the provincial party committee and the provincial government, carry out business activities through market-oriented means, actively participate in the development of government, basic and public welfare projects in Jiangsu coastal areas, undertake land reserve, participate in land development and management, and comprehensively develop the comprehensive experimental area for reclamation and development of one million mu of beaches. In the future, the group company will become the most important investment and financing platform for Jiangsu coastal development, and form a large state-owned enterprise group with "four centers" of major project investment, capital operation, asset management and financial services.
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