To accelerate the strategic restructuring and professional integration of provincial state-owned enterprises in accordance with the decisions of the CPC Fujian Provincial Committee and the Fujian Provincial People's Government, Fujian Provincial Industrial Holdings Group Co., Ltd. (referred to as “Fujian Industrial Holdings”) was officially established and registered on May 27, 2025. This marks a significant strategic move for Fujian to deepen state-owned enterprise reform, optimize the structure of the state-owned economy, and promote the development of the province as a leader in advanced manufacturing.

As a provincial state-owned enterprise under the supervision of the Fujian Provincial State-Owned Assets Supervision and Administration Commission, Fujian Provincial Industrial Holdings Group was established through the consolidation and restructuring of 3 provincial enterprises: Fujian Metallurgical Holding Co., Ltd, Fujian Light and Textile Industrial (Holdings) Co., Ltd., and Fujian Electromechanical (Holdings) Co., Ltd. The Group now manages total assets exceeding RMB 150 billion, generates main business revenues of over RMB 100 billion, and employs more than 50,000 staff. It owns 5 publicly listed holding companies, 1 national engineering center, 15 enterprises that use specialized and sophisticated technologies to produce novel and unique products, and 12 “Little Giant” technology companies, demonstrating strong capabilities in technological research and development and significant market competitiveness. Through integration and restructuring, the Group aims to advance on two fronts: upgrading traditional industries and developing strategic emerging industries. By leveraging its comparative advantages and its leading role, the Group seeks to revitalize existing assets, optimize new investments, and cultivate a second growth curve. With a focus on the “15th Five-Year Plan” development goals, the Group is committed to achieving substantial growth in both asset scale and main business revenue, reaching new heights in its development capabilities.

An official from Fujian Provincial State-Owned Assets Supervision and Administration Commission stated that this restructuring marks another major reform aimed at directing state capital toward advantageous industries and enterprises, following the successful establishment of the Fujian Provincial Industrial Investment Co., Ltd. and the restructuring of Fujian Construction Investment Group Co., Ltd. The newly formed Group will actively implement the new development philosophy, accelerate integration into and support for the evolving development landscape, and focus on its core businesses in the real economy. By leveraging its cluster effect as an industry leader, it aims to drive Fujian’s manufacturing sector toward higher-end, smarter, and greener development. The Group is fully committed to advancing new industrialization in Fujian and injecting fresh momentum into the province’s high-quality economic and social development.