In recent years, Suzhou Hi-tech has continuously improved the corporate governance structure, standardized the operating mechanism, intensified the adjustment of industrial structure, accelerated the project expansion process, strengthened internal control and management, and continuously improved its comprehensive economic benefits, thus becoming an outstanding enterprise among A-share listed companies.
Suzhou Hi-Tech Company has achieved remarkable results in corporate governance, and has shown outstanding performance in giving full play to the positive role of the authority of the shareholders' meeting, the decision-making body of the board of directors and the executive body of the management, and has become the vanguard of the corporate governance structure of listed companies in Jiangsu Province, laying a solid foundation for the company's sustainable development.
The company adheres to the development strategy of "taking real estate development as the main body, actively cultivating infrastructure management industry, and moderately optimizing equity investment of joint-stock enterprises".
In the past three years, 90% of the company's main business income and profit contribution came from real estate business, and 80% of the company's total assets were allocated in real estate business. The three real estate companies controlled by the company, namely "Xingang", "Xinchuang" and "Yongxin", have been selected as the "Top 50 Real Estate Comprehensive Strength in Jiangsu Province" for many years, relying on the advantages of localization and constantly improving the brand effect. Suzhou Hi-Tech has won the title of "TOP 10" for many years.
Infrastructure management is the second pillar industry that the company focuses on cultivating. Through holding, the company has formed an industrial system of tap water supply, sewage treatment, thermal power supply, bonded logistics and other industries with regional exclusive advantages in Suzhou High-tech Zone. These industries have developed synergistically, their business income is stable, and their contribution to the company's profits has increased year by year. Suzhou Amusement City, which is controlled by the company, has a high brand awareness and reputation in East China, with steady growth in operating income and emerging industrial synergy.
The proportion of the company's foreign investment in the company's total assets is relatively stable, and the structure is constantly optimized. The company holds more than 66 million shares of Jiangsu Bank, 5 million shares of soochow securities, 2% shares of AIA Huatai Fund Management Company, 5% shares of Sino-Singapore Suzhou Industrial Park Development Co., Ltd. and 20% shares of Jiangsu AB Co., Ltd., which not only brings good cash dividends to the company every year, but also provides imagination for future capital market pricing.
Suzhou is a charming city with rapid economic development and full of vitality. After 16 years of rapid development, Suzhou High-tech Zone has been transformed from a manufacturing base into a modern new city integrating high-tech industry, finance, commerce, leisure tourism and high-quality residence, with an area of 258 square kilometers. The acceleration of urbanization has promoted the development of business service industry. Shishan Business Circle in High-tech Zone has become one of the five major business circles in Suzhou. The construction of intercity railway and light rail in this city has made regional commerce enter a rapid development track. The company's real estate strategy will gradually advance to commercial real estate, and eventually form a "residential+commercial" two-wheel drive real estate development model, and the regional infrastructure business will also enter the fast lane of development.
As a well-known listed company in China, Suzhou Hi-tech has attracted the attention of the market with the miraculous growth of Suzhou economy. In the new round of development, Suzhou's high-tech will keep pace with Suzhou's regional development. While paying attention to economic benefits, we should strengthen the sense of responsibility of corporate social citizens, pay attention to the standardized operation of the company, improve the corporate governance structure of the company, strengthen contact and communication with investors from the perspective of protecting the legitimate rights and interests of all investors, and build the company into a star enterprise with stable development, transparency and rich returns in the capital market.