In accordance with the annual key work arrangements of Suhao Holding Group, the restructured and integrated Jiangsu Suhao Innovation Technology Group Co., Ltd. embarked on a new journey and gathered momentum at the end of April. This marks a significant initiative by Suhao Holding Group to earnestly implement the decisions and arrangements of the Provincial Party Committee and Provincial Government, alongside the work requirements of the Provincial State-owned Assets Supervision and Administration Commission. Seizing the opportunity presented by the deepening and upgrading of state-owned enterprise reforms, and leveraging internal professional integration as a key driver, the Group is comprehensively advancing the quality enhancement of its reforms and driving integrated development to greater depths. This will provide robust support and powerful impetus for the Group to focus on its goal of building a world-class enterprise, deepen the empowerment of scientific and technological innovation through ‘fostering quality through innovation’, and capitalise on the momentum to successfully complete the ‘second half’ of its restructuring and integration.
Advancing reforms with swift yet steady strides, Seizing the momentum to chart a new course.
As the new round of deepening and upgrading state-owned enterprise reforms advances, and with a focus on comprehensively optimising the layout of state-owned capital to concentrate resources and factors on core responsibilities, principal businesses, and areas of strength, Shuntian Machinery, Shuntian Wumine, and Shuntian Assets have completed their merger and restructuring smoothly and efficiently over a period of more than three months. This was achieved under the unified deployment of the Party Committee of the holding group and with the concerted efforts of all relevant units and departments.
Shared roots and heritage bind these three enterprises, each possessing a rich historical and cultural legacy alongside distinguished achievements and deep-rooted expertise within their respective sectors. Yet they also faced bottlenecks and challenges hindering high-quality development. Consequently, Suhao Holding Group resolved to restructure and integrate these entities, aiming to bolster operational strength, enhance growth momentum, and refine core business operations. This initiative represents the Group’s proactive exploration in accelerating the transition from ‘physical integration’ to ‘chemical synergy,’ while also presenting a rare opportunity for the transformation of traditional trading enterprises. Following the restructuring, Suhao Innovation Technology Group has achieved a new milestone in asset scale, with its registered capital reaching RMB 914 million after capital increase, significantly enhancing its capital strength and sustainable development capabilities. The company’s specialised operational strengths have become more pronounced, forming a diversified business structure centred on four core segments: advanced shipbuilding, high-tech tool exports, intelligent electromechanical sales, and high-end equipment imports. The calibre of its talent pool has also risen markedly. With an average employee age of 38, over 500 staff hold bachelor’s degrees or higher qualifications, and approximately 100 employees possess intermediate professional titles or above. This provides robust talent support for the company’s high-quality development.
All around, life transforms the kiln’s clay; Nature and man vie daily to create fresh wonders.
Throughout the restructuring and integration process, the three companies prioritised addressing staff concerns and fostering consensus. They organised in-depth study sessions for management and employees on the Group’s reform and development symposium and the 2024 work conference, enhancing reform awareness and encouraging proactive alignment with the Group’s broader development strategy. This cultivated a favourable environment for the smooth implementation of the restructuring initiatives.
In accordance with the unified deployment of the Group’s Restructuring and Integration Leading Group, the dedicated task force established refined its task list around the ‘three assurances’ and methodically carried out a series of preparatory tasks for the establishment of the new group company. High-quality preparatory work across assets, liabilities, finance, and personnel was advanced in the initial phase. Within a fortnight, key milestones including new company registration, inauguration ceremony preparations, and corporate promotional video production were completed. This fully demonstrates the exceptional execution capabilities and team cohesion demonstrated by Suhao Chuangke Group through unified efforts and rigorous implementation.、
