Guiyang State-owned group to invest in over 50 projects

Guiyang Industrial and Commercial Investment Group – a State-owned enterprise located in Guiyang, capital city of Southwest China's Guizhou province – is expected to invest in more than 50 projects in the current year.

The group held a signing ceremony on April 7 for its 2022 annual work target and safety production target responsibility contract.

At the ceremony, the group signed responsibility contracts with 13 subsidiaries including Guizhou Tire Co, Guiyang Industrial and Commercial Assets Management Co and Guizhou Huaneng Coking Gas Co.

Last year the group recorded total industrial output worth 11.6 billion yuan ($1.82 billion), a gain of 22.2 percent on the previous year, as well as operating income of 13.8 billion yuan, up 21.3 percent year-on-year. Additionally, its main performance indicators all maintained double-digit growth.

Moreover, in 2021 the group successfully achieved targets assigned to it by the municipal Party committee, the municipal government, the municipal State-owned assets supervision and administration commission and the municipal industrial control groups.

It is also said to have laid a good foundation for its 14th Five-Year Plan (2021-25).