南方财经全媒体记者杨雨莱 广州报导
What if I told you Hong Kong's largest company by revenue is probably everywhere in your life, which company do you come up in your mind?
It is neither an internet giant nor a financial behemoth, but a mysterious central SOE that has been keeping a low profile for the past 85 years. From the commercial complex known as the Mixc that attract posh young people, to supermarkets brands Vanguard, Ole and Blt, as well as the Mixc Cinema; From Snow Beer that sells more than any other brand in China for 16 consecutive years, to Yibao Water that has sold more than 100 billion bottles, as well as household names such as Jiangzhong pharmaceutical, 999, and Dong'e Ejiao, all these brands can be gathered under one name: China Resources (CRC).
Ranking 74th on the 2023 Fortune Global 500 list, with a revenue of 121.64 billion US dollars, China Resources is the only one of the six Hong Kong companies to break into top 100. Since it first made it into the Fortune Global 500 in 2010, China Resources has moved up over 300 spots over the years.
But can you imagine this super conglomerate, with a total asset of more than 2.3 trillion yuan, started from a small trading agency with only a few people? Started as Liow & Company in Hong Kong in the war-torn year of 1938, its original purpose was to produce military supplies and medicines for anti-Japanese bases.
Until 1983, at the age of 45, it was restructured and renamed as China Resources Group and began to diversify its businesses. In 2018, The “Spring Bamboo-shaped” China Resources Headquarters was completed in Shenzhen Bay, where its birthplace Hong Kong is only a bridge away, standing at the “front line” of the Greater Bay Area. In 2022, China Resources officially became a state-owned capital investment company, and embarked on a new journey.
Connecting the Chinese mainland and Hong Kong, the super state-owned conglomerate has 375,000 employees and 3,077 business entities. Among these entities, eight are listed in the Chinese mainland, and eight in Hong Kong, with CR Land, CR Beer, and CR Mixc Lifestyle being constituent stocks of the benchmark Hang Seng Index.
Setting out to create a better life for everyone, China Resources’ businesses span into six key areas, including consumer products, integrated energy, urban construction and operation, healthcare, industrial finance, technology, and emerging sectors.
In recent years, China Resources has been strengthening innovative leadership with CR Microelectronics developing the insulated gate bipolar transistor or IGBT making a major breakthrough in independent R&D. CR Chemical Materials’ PETG project has broken monopoly in the field of special polyester materials. And CR Pharmaceutical has been enhancing its core competitiveness through imitation and innovation.
China Resources is also actively engaged in national infrastructure projects, including Hong Kong–Zhuhai–Macau Bridge, Beijing Daxing International Airport, Shenzhou 13 spacecraft, Sichuan-Tibet Railway, Linqing highway, Nanchong–Chongqing Railway, Shenzhen-Zhongshan Bridge, etc.
Only by staying vigilant in times of peace can one better prepare for the challenges tomorrow. Time never stops, and the world is changing on a daily basis. Past glory is irrevocably gone. The future is in the present. A multi-trillion-yuan giant cannot coast along by inertia, but with constant reshaping and evolving.
出品：南财国际传布中心 21新媒体中心 创意互动中心
筹谋统筹：于晓娜 丁青云
内容统筹：谭婷 谢珍
责任编纂：陈思颖
施行统筹：黄欣然
设想统筹：林军明
视频统筹：白宇航
监造：施诗
英文翻译&配音：李莹亮
海外运营监造: 黄燕淑
海外运营内容统筹: 黄子豪
运营撑持：曾静娇
审校：强燕 黄志明
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