Feishang Industry Group Co., Ltd. (hereinafter referred to as “Feishang Group”) is an investment holding group dedicated to industrial operations and management, founded in 2000 in Shenzhen, the place of origin of China’s reform and opening-up. Adhering to the sacred mission of “Prospering the Nation with Industry and Returning the Nation with Industry, Feishang Group is committed to becoming a respected leader and integrator in various subdivided industry sectors by focusing investment in certain selected industry sectors on a long-term basis, so as to help and promote the sustainable growth of investment projects and member enterprises under the dual-wheel drive of industrial operation and capital operation.
By the end of 2019, the assets of the companies controlled by Feishang Group exceeded RMB 40 billion, with over 20,000 total employees and annual sales revenue of more than RMB 20 billion (excluding the steel industry) and accumulated tax payment of more than RMB 10 billion. At present, Feishang Group strategically invests in or controls five listed companies and two public companies in China and overseas with total market value of exceeding RMB 30 billion, connecting with the domestic A shares, Hong Kong and US NASDAQ capital markets
In more than ten years of development, Feishang Group adhered to the innovative concept of "capital operations plus" and explored a unique business model and operations model. Through investing in a large number of high-quality enterprises and leveraging our own resources, platforms, and capital operations capacity, we are able to provide invested companies with strategic development support, promote industry consolidation and integration, constantly improve their corporate value, and thus promote them to become publicly listed companies. This would then provide a firm basis for Feishang Group to attract more strategic partners and talents, integrate various factors of production, and gradually become a leader and integrator in selected subdivided industries. Feishang Group has constantly challenged itself by actively seeking transformations and has maintained rapid development. It has built a number of core competitiveness such as a forward-looking business vision, excellent capital operations experience and capacity, and multi-coordinated strategic resources integration platform, which has been highly praised and emulated by the industry.
Following different development stages and industry trends, Feishang Group has experienced three strategic transformations. The first strategic transformation started in 2000, when Feishang Group formally transferred from the capital market to industrial operations. The main strategic target was to acquire legal person shares and listed companies. After the acquisition of Fujian Dongbai Group, Feishang Group successively acquired Anhui Xinke New Materials Co., Ltd., Wuhu Port Storage And Transportation Co., Ltd., and Wuhu Hengxin Copper Industrial Group Co., Ltd., among which Anhui Xinke New Materials Co., Ltd. (later renamed "Kingswood Enterprise Co., Ltd.") and Wuhu Port Storage And Transportation Co., Ltd. (later renamed "Huaihe Enery Logistics (Group) Co., Ltd.") were successfully listed on the A-share market in China. In a short span of two years, Feishang Group developed Wuhu Feishang Industrial Development Co., Ltd. into the largest private enterprise in Anhui province. The second strategic transformation started in 2003, with investing in and developing resources-based enterprises as the main strategic target. Feishang Group successively invested more than RMB 20 billion to build the industrial bases in Guizhou, Jiangxi, Inner Mongolia, Anhui, Africa, and South America etc. and had non-ferrous metals and materials processing, coal energy, iron and steel production, transportation and logistics, and ecological forestry as its pillar industries. Among others, after Jiangxi PXSTEEL Industrial Co., Ltd. came under control of Feishang Group, its production capacity jumped from the original 1.8 million tons to 12 million tons, making it the largest construction steel producer south of the Yangtze River in China. From 2006 to 2011, Jiangxi PXSTEEL Industrial Co., Ltd. remained the top one private enterprise in Jiangxi province in terms of scale, output value and tax payments. The third strategic transformation started in 2009, with rapid and strategic entrance into emerging industries and the transformation and upgrading of traditional industries as the main strategic goal. Feishang Group grasped the development of strategic emerging industries and the opportunities of technology upgrade in traditional industries by i) gradually withdrawing from the port logistics and the steel industry, ii) retaining the resources in copper processing, forestry and coal industries, and iii) entering into the high-end medical and healthcare industry, TMT industry, biotech industry, cultural industry, and the financial services industry to build the future pillar industries of Feishang Group. Newly acquired subsidiaries include the largest city-and-county-level medical group in central China –Henan Great-River Medical Group, an international top immunotherapy technology (CAR-T) team – Shanghai Yake,, the global unique precise space-time location service platform based on FM broadcasting patent technology – Shenzhen Skycaster Micronics, Photoelectric Technology, a domestic optical communications and optical chip industry pioneer – Guilin Guanglong, a domestic rice and grain seeds industrial development base – Guangxi Zhaohe Seeds, the largest outdoor advertising platform in Hainan – Hainan Sanle, an environmental protection technology development and service enterprise engaged in rural sewage treatment –Shanghai Onway, China’s top one and world’s second trichlorosucrose manufacturing enterprise –JK Sucralose Inc, and many other potential industry leaders.
After the 19th National Congress of the Communist Party of China, Feishang Group has been holding high the great banner of Xi Jinping’s Thought of Socialism with Chinese Characteristics of New Era advocated by the Party Central Committee., combined it with Feishang Group’s own advantages and commercial gains and losses over a dozen years, and concluded a new commercial ideology in this new era. It is summarized as i) embracing a comprehensive vision based on “The Four Footholds”, ii) adhering to the business logic of the “The Integrated Five Factors”, iii) practicing the Three “1+1=11” or the Three “Dual-Wheel Drive”, taking advantage of trends, understanding the logic, and optimizing techniques, and iv) actively responding to the national strategy and taking part in the development spring tide of the new era.
In the future five years, Feishang Group will devote itself to becoming a nationally leading competitive and internationally reputable large-scale industrial investment holding group with more than 10 listed companies at home and abroad, annual net profit over 5 billion and total market value over 100 billion.