三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Evergrande is sowing seeds for future growth

By Qiu Quanlin in Arshaan, Inner Mongolia | China Daily | Updated: 2014-09-02 07:20

Developer sets up three subsidiaries for agriculture-related businesses

Guangzhou-based real estate giant Evergrande Group launched three subsidiary companies on Monday in Arshaan, the Inner Mongolia autonomous region, to boost its business portfolio and sustain future development.

The three subsidiaries will be engaged in the agricultural sector in the fields of grain and oil, dairy and animal husbandry, representing the developer's efforts to diversify its businesses.

"By diversifying our businesses, we are aiming to become one of the world's top 500 companies in 2015," said Liu Yongzhuo, vice-president of Evergrande Group.

According to Liu, Evergrande will invest more than 100 billion yuan ($16.2 billion) in the agricultural sector in the next few years, accounting for nearly one-tenth of China's agricultural investment in 2013.

Evergrande has so far invested about 7 billion yuan to acquire and develop 22 production bases in the grain and oil, dairy and husbandry industries. The bases are located in an ecological circle around the Greater Hinggan Mountains, an area in Northeast China known for its abundant agricultural resources.

"The area will help ensure green and safe agricultural products for Chinese consumers," said Liu.

Xu Jiayin, board chairman of Evergrande, said at a midyear performance meeting of the group in Hong Kong on Aug 26 that Evergrande would rely on "diversified business" for sustainable development.

"After years of effort in the real estate sector, we have mapped out a strategic plan to diversify our business. We will rely on the diversified business for future development," said Xu. The plan was based on an assessment of performances of the world's top 500 companies, according to Xu.

"Most of the companies started to engage in diversified businesses after they realized good performance in a single industry," said Xu.

"We are confident that we will be on the top 500 list next year," he said.

Evergrande, which was founded in 1997 in Guangzhou, the capital of Guangdong province, mainly concentrated on the real estate industry before it became a household name after investing in a Guangzhou-based soccer club in 2010.

After years of rapid development, China's property market is experiencing a downturn and putting pressure on major developers as they report a decline in net profits in the first half of this year, due to rising inventories, the cooling of buyers' expectations and price corrections.

According to the Shanghai-based Wind Information Co Ltd, total net profit of 82 listed real estate companies dropped 3.57 percent year-on-year to 20.098 billion yuan in the first half of this year. During the last few years, Evergrande has been investing in other business areas, aiming to ward off a possible downturn from its main property business.

Evergrande has now developed into a group engaged in property, culture, tourism, consumer goods, agriculture and sports industries, with assets exceeding 420 billion yuan. Sales of the Evergrande Group exceeded 80 billion yuan during the first seven months of this year, according to company sources.

The group launched its first consumer product - bottled water - in November of last year, representing its efforts to broaden its business activities. Sales of the bottled water are expected to exceed 10 billion yuan this year, according to company sources.

On Monday, about 3,500 dealers from 735 cities across the country gathered in Arshaan to sign contracts with Evergrande for orders of its grain and oil products.

qiuquanlin@chinadaily.com.cn

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 高清视频一区 | 97国内精品久久久久久久影视 | 国产成人免费网站在线观看 | 国产又污又爽又色的网站 | 国产a免费视频 | 亚洲六月丁香色婷婷综合久久 | 日韩免费无砖专区2020狼 | 亚洲国产情侣偷自在线二页 | 国产视频在线播放 | 亚洲福利一区二区三区 | 国产啪精品视频网免费 | 亚洲天堂色视频 | 成人福利免费视频 | 国产伦理一区二区三区 | 亚州色片 | 99在线精品国产不卡在线观看 | 麻豆md国产在线观看 | 国产这里有精品 | 可以看黄色的网站 | 免费毛片a | 国产午夜影院 | 亚洲第一视频 | 一级免费看 | 亚洲 国产 路线1路线2路线 | 成人看免费一级毛片 | 俺去啦网婷婷 | 成人精品第一区二区三区 | 国产一级高清视频 | 久草资源在线播放 | 国产激情毛片 | 欧美亚洲国产第一页草草 | 欧美人体一区二区三区 | 亚洲国产视频在线观看 | 欧美在线乱妇一级毛片 | 免费看欧美一级特黄α大片 | 亚洲日韩中文字幕 | 成年在线视频 | 国精品产| 日韩精品福利在线 | 欧美大jj| 欧美精品v国产精品v日韩精品 |