State-owned Enterprises Engage in Strategic Restructuring

Is it a signal China’s emerging print and copier industry is on the rise?

The China Shipbuilding Industry Group Co., Ltd. (CSIC), which controls China Shipbuilding Industry Group Power Co., Ltd., China Harzone and JiuZhiYang Infrared, has commenced a strategic restructure with China State Shipbuilding Corporation Limited (CSSC).

CSIC is a large state-owned enterprise, mainly engaged with the marine equipment, power and mechanical and electrical equipment industries. It’s heavily involved with research, development and production of strategic emerging and productive modern service industries.

CSSC is a giant conglomerate and state-authorized investment institution directly administered by the central government of China. It’s main business is in both naval and civil shipbuilding products.


Both enterprises involved in the strategic restructure claim the plans have not yet been finalized and are awaiting approval from the relevant authorities.

Most of the listed companies have prospered in the past year ending in June, with only China Harzone experiencing a slight decline. As at July 1, the total market value of the listed companies was USD36,389billion, compared with USD33,313billion a month ago. The market value soared by USD3,075billion in a month.

So what does this have to do with the print and copier industries?

The main business of HG Technologies Co., Ltd., an enterprise established by CSIC and other 6 shareholders, is the development and manufacture of multi-functional, digital, security-enhanced copiers. They also manufacture copier consumables including OPC drums and toners.

It is still uncertain how the strategic restructuring of CSIC and CSSC may impact HG and its potential for growth in the midst of a growing market in China. Representatives from HG will be pleased to meet with you personally to explain how the company can partner with you at RemaxWorld Expo 2019, October 17-19, in Zhuhai China. HG will meet you in RemaxWorld!

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