STEC Reselected as China’s Top 500 Enterprises in Fortune, With Total Assets Jumped to One Hundred Billion

2016-07

On July 20, Fortune, the globally influential financial magazine, published the list of China’s Top 500 Enterprises in which STEC was listed and ranked 204th. From 1994 when it rang the bell at Shanghai Stock Exchange to 2002 when it was listed in China’s Top 500 Enterprises as Shanghai Urban Construction Group, STEC has topped the list of enterprises in municipal utility industry for fifteen consecutive years. As of August, its total assets had reached nearly RMB one hundred billion and annual comprehensive turnover had exceeded RMB 55 billion. Additionally, it had owned 19 subsidiaries including 2 large infrastructure investment companies, 6 Class-A design and survey institutes, 2 extra Grade-I ECP enterprises, 3 urban infrastructure operation management enterprises, with its business covering investment, design, construction, operation & maintenance, etc. in such fields as municipal utility, bridge, building, building materials and real estate. Therefore, it is capable of providing all-round integrative investment, financing, and construction& operation services for the development of urban infrastructures.