On July 19, Wang Yongcheng, Vice President of China Shenhua Energy Company Limited, accompanied by Xie Guoqian, Deputy General Manager of Material Management Department of China Shenhua Energy Company Limited, Liu Bing, Deputy General Manager of Shenhua Materials Group Co. Ltd., Xiao Pengju, General Manager of Domestic Procurement Center of Shenhua Materials Group Co. Ltd., Yan Lei, Deputy General Manager of China Shenhua International Engineering Co. Ltd., and leaders of Shenhua Materials Group Co. Ltd., Shanghai Branch, arrived at Far East Holding Group Co., Ltd. (hereinafter referred to as “Far East Holding Group”) for visit and inspection.
Jiang Xipei, Founder of Far East Holding Group, President of the Board and Secretary of Party Committee of Far East Holding Group, Jiang Huajun, an investor, Board of the Far East Holding Group, Vice President and CEO of Far East Smarter Energy Co., Ltd. (hereinafter referred to as "Smarter Energy", stock code: 600869), Chen Jing, Board and COO of Smarter Energy, Wang Chuanbin, an investor, Senior Consultant of Smarter Energy and Director of Technology Research Institute, Ma Yueqin, an investor, Senior Director of Smarter Energy and Assistant to General Manager of Far East Cable Co., Ltd. (hereinafter referred to as “Far East Cable”), Xu Jing, an investor, Senior Director of Smarter Energy and Principal of No. 3 R&D Department of Far East Cable, Zhou Liping, an investor and Director of Smarter Energy, and Mao Yiguo, an investor, Assistant to Marketing Director of Smarter Energy and Marketing Director of Far East Cable received the leaders.
Jiang Xipei makes a speech in the symposium
Jiang Xipei introduced three major businesses of Far East Holding Group, namely, industrial business, educational business and philanthropy. In the industrial business, Far East Holding Group stick to the “main business + investment” strategy in which the “main business” refers to the listed company, Smarter Energy (stock code: 600869), dedicating to developing into the “world-leading service provider for the system of smart energy and smart city”. The business covers the planning and design of energy project, product manufacturing, project implementation, operation, maintenance and monitoring, energy efficiency management and general contracting service, lasting for the full life circle of energy project construction and service and forming four major business units of intelligent power products, new energy automobile dynamical system and energy storage device, clean energy/new energy system and internet electrical & electronics platform. Far East Holding Group actively set up the layout of smart energy system and ecological service system centering on “Internet plus”. Recently, Far East Holding Group acquires the intelligent airport service provider-Beijing Jinghangan Airport Engineering Co., Ltd to march into the one-trillion-yuan general aviation sector and actively set up the layout of “the Belt and Road” infrastructure construction and integrated military and civilian airport construction. In terms of investment, as of June 30, 2017, the number of enterprises invested by the group reached 339, among which, 93 were listed companies (28 listed in the New Third Board), 1 approved for IPO and 13 preliminarily disclosed.
In the educational business, since its foundation, Far East Holding Group set up the goal of being a learning organization. 7 years ago, Jiang Xipei founded Far East University which is one of the top 10 business colleges among more than 5600 corporate universities and keeps the cooperative relation with over ten medium and large institutions.
The growth and development of Far East Holding Group are accompanied by eternal philanthropy. The work of helping the handicapped is not limited to visiting the poor and miserable. It extends to arrange possible employment for them, offering equal salary at the same post, and fully respecting and caring for the disabled. Further efforts were put into this work that every staff of Far East Holding Group was required to do at least one good deed or one volunteer work each year.
Wang Yongcheng makes a speech in the symposium
Wang Yongcheng introduced the status of China Shenhua Energy Company Limited. In the first half of 2017, RMB 158.8 billion revenues was obtained with the increasing rate of 50%; RMB 31.5 billion profits were acquired with the increasing rate of 95%, ranking the 5th among central SOEs in terms of profit. The production safety index of China Shenhua Energy Company Limited is world leading, surpassing some developed countries such as the U.S.
Wang Yongcheng said that in recent years, China Shenhua Energy Company Limited gradually extended its business from traditional coal industry to several industrial segments of coal, railroad, port, coal and oil, chemical processing of coal and electricity. The group achieved the integrated development of production, transportation and marketing, and the comprehensive operating mechanism of mining, power, railway, port and shipping. The new board of directors made further optimization and confirmation for the strategy of the company with the aim of developing into the world class supplier for clean energy.
The two sides exchange views in the symposium
In-depth communication and view exchange were conducted by two sides on the aspects such as product quality, industry environment and the bidding law. Jiang Xipei said that no matter for the central SOEs, SOEs, private enterprises, or the foreign enterprises, only if the resources are allocated to enterprises that own the capability to sustained profits and international competitiveness, and efforts are put into helping and supporting the outstanding and strong Chinese enterprises, can Chinese economy be better developed.
Jiang Huajun mentioned that Far East Cable is the first company daring to make the commitment of manufacturing full life cables in the industry. What we committed is: the life cycle of industrial cables reaches more than 40 years; the military cables, over 60 years; and architectural cables, more than 70 years.
As for this point, Wang Yongcheng also said that China Shenhua Energy Company Limited may carry out differential treatment to the high-integrity enterprises and suppliers with product assurance system.
Chen Jing said that Far East Holding Group always treat China Shenhua Energy Company Limited as the strategic partner and expressed the hope of maintaining a long-term cooperative relation with China Shenhua Energy Company Limited.
Visit the MV Cable Factory of Smart Energy
Visit the Science Museum of Smart Energy
