Founded in 1975, the Group is the only Hong Kong listed company incorporated in the PRC engaging in construction, production of building materials and property development. It is also the largest and most profitable non-state owned construction company in China. Rooted in Zhejiang Province and operating on a "vertically integrated" business model, the Group has built "Baoye" into a prominent brand. It has already moved its footsteps outside Zhejiang Province and marked its presence in Hefei under the brand of Baoye. Such initiative plus the acquisition of Hubei Construction Group have seen the Group growing from a regional construction company into a nation-wide conglomerate.
The Group was awarded the premium class certificate for general building construction contracting works in 2002, the highest qualification awarded by the Ministry of Construction of the PRC, allowing the Group to undertake construction projects of any scale and complexity. In addition, the Group has received many of construction industry honors, including the "Lu Ban Award", and the "Qianjiang Cup" and "Bai Yulan Cup". The Group has won nine industry awards in "Lu Ban Award", which has then positioned the Group in the top-tier enterprise of the construction industry.
The Group's land reserve is maintained at low cost. Adding to it "three-in-one" competitive advantage, quality construction workmanship and advanced building materials supplies, all of which would contribute to profit enhancement for the Group's property development business. The Group recently acquired land in Wuhan to enrich its land reserve, which will suffice to meet its development requirement in the next 5 to 10 years.
Baoye ventured into the building materials and other construction products business in 1994. Its first production base - Baoye Housing Industrial Park in Shaoxing, Zhejiang Province was completed and had commenced commercial production. The construction of its second production base - the Hefei Baoye Residential Housing Industrial Park- has commenced while the construction of Wuhan Baoye Residential Housing Industrial Park is under planning phase.
updated 15th July, 2008
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