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Chairman of China Merchants Group Li Jianhong: Responding to the changes in the external environment with high-quality development
Date:2020-03-11 Soure:State-owned Assets Report Click:


Editor's words: The first issue of the State-owned Assets Report 2020 published an article entitled "High-quality development as a response to external changes" under Mr Li Jianhong, Chairman of China Merchants Group. In 2019, the Group has achieved a new height in its operating performance. The article characterizes China Merchants' work from four aspects: quality management, reform enhancement, industrial transformation and upgrading, and the Belt and Road (B&R) Initiative. As 2020 arrives, the article proposes that China Merchants Group should not only look for stability, but also seek to build a foundation for sustainable high-quality development, and accelerate the advocacy of building a world-class enterprise.


In 2019, China Merchants Group, guided by Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, earnestly implemented the deployment of the Central Committee and the State Council. In accordance with the requirements of the SASAC, it aims at building a world-class enterprise with global competitiveness. By insisting on the strategic principle of "Seize the day for a better future, advance with technologies and embrace changes", the Group promotes steady advancement in various tasks, and its operation management and corporate development have overseen improvement in quality and efficiency and an optimistic prospect. For 15 consecutive years, the Group received A grade in the central enterprises' business performance appraisal. China Merchants Group and its subsidiaries China Merchants Bank's rankings in the Fortune Global 500 list have gone up by 36 and 25 places respectively compared to 2018. In 2019, it realized an operating income of RMB 717.7 billion, with a year-on-year growth of 10.4%; a total profit of RMB 162.5 billion, with a year-on-year growth of 12.0%; a net profit of RMB 126.2 billion, with a year-on-year growth of 18.0%, and total assets of approximately RMB 9.3 trillion.


Port of Dalian’s Automobile Terminal of Liaoning Port Group, China Merchants Group


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