Industrial investment group posts record results

Great financial results were revealed at the 2022 work summary meeting and in the 2023 target responsibility statement by the State-owned Guiyang Industrial Investment Company on Feb 16.

Last year, the company achieved revenue of 14.3 billion yuan ($2.08 billion) and total profit of 350 million yuan, both hitting a record.

What's more, it implemented 50 projects with a total investment of 2.6 billion yuan – and seven projects were included among provincial major projects and in the key projects database.

This year, the company will implement nine tire and aluminum projects, four investment equipment manufacturing projects and 13 precision tools projects.

It plans to accelerate the construction of the Kaiyang-Xifeng cogeneration project, as well as complete the Jinli specialist food industrial park project.

Tang Jian, general manager of the company, said that this year the company would strive to achieve total assets of more than 45 billion yuan and total profit of 400 million yuan, with the company's main credit rating rising from AA to AA+.