Type private Operating income Headquarters Beijing Revenue 93.53 billion CNY (2015) Net income 556 million CNY (2015) | Area served mainland China Profit CN¥556 million (2015) Founded 1987 Total assets 158 billion CNY (2015) | |
Formerly called CITIC Guoan Corporation Total equity CN¥14.565 billion (2015) Subsidiaries CITIC Guoan Information Industry | ||
CITIC Guoan Group Co., Ltd. is a Chinese company. The company itself was founded by CITIC Group. (However, CITIC Group now owned just 20.95% stake). CITIC Guoan Group is the largest shareholder of CITIC Guoan Information Industry (SZSE: 000839), CITIC Guoan Wine (SSE: 600084), Baiyin Nonferrous Metals Group and Global Tech Holdings (SEHK: 00143, SGX: G11).
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Shareholders
CITIC Guoan Group was a wholly owned subsidiary of CITIC Group until 2014. The company had a net assets to total assets ratio of 0.00125 (around 1:799) in a consolidated financial statements as at 31 December 2013 (CN¥94 billion total assets to CN¥119 million equity).
In 2014, the company recapitalized, which several private capitals subscribed the increase. After the recapitalization, the stake of CITIC Guoan Group became one of the few assets of CITIC Group that was not injected to its listed subsidiary CITIC Limited. CITIC Group also disinvested CITIC Limited in 2015.
Subsidiaries
CITIC Guoan Group was the co-founder of Beijing Guoan F.C.. However, the stake was now owned by CITIC Limited.
In December 2015, CITIC Guoan Group (via Road Shine Developments and Guoan (HK) Holdings) bought a major stake of Global Tech Holdings for HK$0.11615 per shares.
Equity investments
As at 31 December 2015, CITIC Guoan Group via CITIC Guoan Co., Ltd. owned 2.00% stake in Bank of Shanghai.