Yantai Guofeng Investment

What Yantai Guofeng Investment does

Yantai Guofeng Investment Holdings Group Co., Ltd. is a state-owned capital investment holding company directly supervised by the Yantai Municipal State-owned Assets Supervision and Administration Commission (SASAC). Founded in February 2009 and converted to a state-owned capital investment platform in October 2017 with formal operations beginning in October 2018, the company ended 2025 with registered capital of 110.72 billion RMB, total assets of 479.6 billion RMB, and net assets of 148.3 billion RMB. It controls eight listed companies across chemicals (Wanhua Chemical), industrial refrigeration/HVAC (Luneng Environment), high-performance fibers (Taihe New Materials), wine (Zhangyu), smart grid and energy management (Dongfang Electronics), sealing materials (Mifeng Technology), specialty aramid paper (Minshida), and titanium dioxide / lithium iron phosphate (Annada), and carries AAA domestic and BBB+ international credit ratings. Annual revenue reached 1,944 billion RMB in 2022 with a 15.09% ROE and a state-owned capital preservation and appreciation rate of 132.64%, growing further in 2023.

The group operates six business pillars: equity operations on portfolio companies, key industrial investment projects for the city, industrial park development and operations, investment promotion (招商) via overseas economic cooperation centers in Japan, Korea, Hong Kong, and Singapore, market-oriented businesses including commodity trading and supply chain finance, and fund management through subsidiary Yantai Tongju. It has cumulatively deployed approximately 700 billion RMB into four flagship parks — Shandong Yulong Petrochemical (35.23 sq km, 40M tons/year capacity), Oriental Space Port (18.6 sq km, 13 sea launches completed with 12 consecutive successes), Blue Pharmaceutical Valley Life Island, and Blue Granary Marine Economy Zone — and manages 38 funds including a 100 billion RMB biomedical parent fund targeting 500 billion RMB total scale, a 10 billion RMB space fund, and a 10 billion RMB marine fund, with 50+ Pre-IPO investments and 30+ projects attracted through capital-driven investment attraction. The company's distinctive 'capital招商' (capital-driven investment attraction) model uses investment as a lever to attract industrial projects, partnering with Zhilu Capital (semiconductor OSAT acquisition), Mitsubishi / ITOCHU (Yushan Petrochemical and LNG), and numerous Chinese SOE partners. Under its '1+3+2' structure established in October 2023, the group operates at a central headcount of approximately 1,620 employees (2024 budget basis).

The revenue model combines dividend income from controlled listed companies, capital gains from Pre-IPO investments and equity exits, fund management fees and carried interest, industrial park leasing and园区赋能 services, and spreads from commercial factoring, financing leasing, and bulk commodity trading. Pricing is not publicly disclosed; all engagements with portfolio companies, government bodies, and project partners are negotiated through government and enterprise contracting processes. Distribution relies on direct B2B engagement plus an overseas partnership network via economic cooperation centers in Japan, Korea, Hong Kong, and Singapore. Capital-allocation activity is the primary value driver, with the group adopting a '1+3+2' structure that integrates equity management with industrial park development, fund management, and investment attraction into a single capital ecosystem anchored by municipal government mandate.

Name

Yantai Guofeng Investment

Legal name

烟台国丰投资控股集团有限公司

Website

https://ytgfjt.cn

Company type

Private

Founded year

2009

Operating status

Operating

Short description

Yantai Guofeng Investment Holdings Group is a Yantai SASAC-supervised state-owned capital investment holding company controlling eight listed companies (including Wanhua Chemical, Zhangyu, Dongfang Electronics) and managing major petrochemical, aerospace, biomedical, and marine industrial parks alongside 38 investment funds for the municipality.

Ownership category

akta.pro rank

Product category

State-Owned Capital Investment

NAICS

Portfolio Management and Investment Advice (52394), Other Financial Investment Activities (5239)

SIC

Finance Services (6199), International Affairs (9721)

akta.pro primary industry

Multi-Sector / Generalist Growth Equity (FSANACAO)

akta.pro secondary industries

Industrials & Manufacturing Growth Equity (FSANACAF), Telecom, Networking & Infrastructure Growth Equity (FSANACAJ)

Keywords

• State-owned capital investment
• Equity management services
• Industrial park development
• Fund management services
• Investment promotion services

Headquarters

HQ city

Yantai

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Equity Management and Dividend Income: Guofeng holds controlling stakes in 8 listed companies (Wanhua Chemical, Luneng Environment, Taihe New Materials, Zhangyu A&B Shares, Dongfang Electronics, Mifeng Technology, Minshida, Annada) and generates dividend income and capital appreciation through equity management, dividend distribution, and IPO preparedness support.
2. Investment Returns and Capital Gains: Returns from Pre-IPO investments (50+ projects), fund investment exits, and strategic asset appreciation. The company has invested approximately 700 billion yuan in industrial projects and realizes capital gains through equity exits, IPOs, and strategic sales.
3. Industrial Park Development and Leasing: Development and operation of industrial parks including Eastern Space Port, Blue Pharma Valley, Blue Granary, Yushan Petrochemical, Airport New District, and Jinmao Industrial Park. Revenue is generated through land development, property leasing, infrastructure services, and园区赋能 services to tenant companies.
4. Professional Investment Attraction Services: Professional招商 services including project matching, investment facilitation, and coordination for the city government. The company operates the state-owned investment attraction platform 国诚誉丰 and manages驻外经济合作中心 in Japan, Korea, and Hong Kong to attract foreign investment to Yantai's industrial zones.
5. Financial Services (Financing, Supply Chain, Trading): Financial services including financing advisory, supply chain finance, commercial factoring (国宏商业保理), financing leasing (国源融资租赁), and commodity trading (大宗商品贸易). Revenue from interest spreads, transaction fees, and trading margins.
6. Fund Management: Management fees and carried interest (超额收益) from 38 funds including a 100 billion yuan biomedical parent fund (500 billion yuan total target scale), 10 billion yuan space fund, and 10 billion yuan marine fund. Fund management through subsidiary 烟台同聚私募基金管理有限责任公司.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels7 records

Core offering

Yantai Guofeng Investment Holdings Group is a state-owned capital investment company under Yantai SASAC. It operates across equity management of 8 listed portfolio companies, industrial investment fund management (38 funds), industrial park development (Yushan Petrochemical, Oriental Space Port, Blue Pharma Valley, Airport New District), investment attraction services, and market-oriented businesses including bulk commodity trading and supply chain finance. The company deployed approximately 700 billion yuan in industrial projects and serves as Yantai's primary vehicle for capital-driven industrial transformation.

Product overview

Yantai Guofeng Investment is a state-owned capital investment company with a diversified business portfolio spanning six core areas: equity operations, city key industrial investment projects, industrial park development and operations, investment promotion services, market-oriented business, and financial services. The company operates through a platform-plus-subsidiary model, managing eight listed company holdings (万华化学, 冰轮环境, 泰和新材, 张裕股份, 东方电子, 密封科技, 民士达, 安纳达) while developing major industrial parks including Shandong Yulong Petrochemical Industrial Park, Oriental Space Port Industrial Park, Blue Pharmaceutical Valley Life Island, and Blue Granary. The company also manages various investment funds including a 100 billion yuan bio-pharmaceutical parent fund and sector-specific funds for aerospace and marine industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Equity Operations (股权运营)

Quantifiable outcome

• Deployed approximately 700 billion yuan in industrial investments, invested in 50+ Pre-IPO projects, attracted 30+ industrial projects through capital-driven investment attraction
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

16 partnerships are on record, tiered core and minor.

• 陕西佰傲再生医学 (Shaanxi Bai'ao Regenerative Medicine)coreStrategic or Co-development PartnerGuofeng's first capital-driven investment attraction (资本招商) project, signed September 28, 2022. Marked the company's debut in using investment as a lever to attract high-quality biomedical companies to Yantai, establishing a template for future investment attraction.
• 瑞茂通集团 (Ruimaotong Group)coreStrategic or Co-development PartnerEstablished a joint venture commodity trading company in July 2020 with registered capital of 10 billion yuan. Guofeng's subsidiary Guotaix誠豊 holds 51%, Ruimaotong's domestic subsidiary 25%, and its Singapore subsidiary 24%. The joint venture conducts commodity trading, supply chain management, and aims to build a 'commodity + investment' business model.
• 中集集团 (CIMC Group)coreStrategic or Co-development PartnerCIMC Group co-initiated the Ocean Ranch (海洋牧场) project with planned investment of 8.7 billion yuan, deploying 100 deep-water cages with 60,000 cubic meters each, promoting large-scale, ecological, modern, and intelligent marine fishery development in Yantai.
• 交运集团 (Jiaoyun Group)minorStrategic or Co-development PartnerGuofeng partnered with Jiaoyun Group in July 2020 to establish a joint venture gas station company (国丰交运能源发展有限公司), leveraging Guofeng's capital advantages and Jiaoyun Group's operational expertise to expand into the energy sector and support municipal key projects.
• 山东省金融资产管理公司 (Shandong Provincial Financial Asset Management)minorStrategic or Co-development PartnerGuofeng co-founded 山东烟台登瀛资产管理有限公司 with Shandong Provincial Financial Asset Management and 4 other institutions in July 2020 to address non-performing asset disposal challenges through professional solutions, information sharing, and coordinated handling.
• 伊藤忠商事 (ITOCHU Corporation)minorStrategic or Co-development PartnerGuofeng organized a video conference between ITOCHU Corporation and Yantai's Longkou Economic Development Zone to promote the Yushan Petrochemical project and Longkou port LNG/LPG projects. ITOCHU expressed strong interest in multi-form cooperation in the petrochemical and energy sectors.
• 三菱电机/三菱商事/三菱日联银行 (Mitsubishi Electric /Mitsubishi Corporation /Mitsubishi UFJ Bank)coreStrategic or Co-development PartnerWorld 500强 enterprises Mitsubishi Electric, Mitsubishi Corporation, and Mitsubishi UFJ Bank visited Yantai SASAC and Guofeng in October 2021. Guofeng proposed deep cooperation in biomedical health, carbon neutrality, Yushan Petrochemical, Oriental Space Port, and airport economy. The companies expressed strong interest in multi-field cooperation and visited the Japan SME Industrial Base - Innovation Technology Park.
• 万科集团 (Vanke Group)minorStrategic or Co-development PartnerVanke Group is the co-developer of the 中日烟台(万科)科创城 project with a planned total investment of 50 billion yuan (3 billion USD from Japanese investors), covering Sino-Japanese innovation park, industrial park, business exchange center, and international community. Expected completion 2025.
• 裕龙石化产业园合作方 (Yushan Petrochemical Partners: 南山集团, 龙口城建集团)coreStrategic or Co-development PartnerPer municipal government arrangement, Guofeng, Nanshan Group, and Longkou City Construction Group jointly established 山东裕龙石化产业园发展有限公司 as the development entity for the Yushan Petrochemical Industrial Park. The project is a provincial key project with planned capacity of 40 million tons/year.
• 海阳水发集团 (Haiyang Shuifa Group)coreStrategic or Co-development PartnerGuofeng and Haiyang Shuifa Group jointly established 东方航天港(海阳)产业园开发有限公司 as the development entity for the Oriental Space Port Industrial Park in Haiyang, a provincial key project (provincial project #2).
• 之江实验室, 地卫二, 陆海空间, 陕西航天集团 (Zhejiang Lab, SpaceTwo, Luhai Space, Shaanxi Aerospace Group)coreStrategic or Co-development PartnerAt the 2024 Oriental Space Port Industry Development Conference, Guofeng signed multiple agreements with 之江实验室 and 地卫二 for constellation cooperation, 陆海空间 for satellite data, and 陕西航天集团 for new rocket manufacturing and assembly testing base development.
• 8 Listed Portfolio Companies (万华化学, 冰轮环境, 泰和新材, 张裕, 东方电子, 密封科技, 民士达, 安纳达)coreStrategic or Co-development PartnerGuofeng controls 8 listed companies across chemicals, equipment manufacturing, new materials, wine, electronics, sealants, specialty paper, and titanium dioxide. The company manages their equity, supports their market value, and facilitates strategic development through capital operations.
• 驻外经济合作中心 (驻日本、韩国、香港经济合作中心)coreChannel Partner/ Reseller/ DistributorEstablished in December 2019 as Yantai's first state-owned professional investment attraction company, the驻外 centers in Japan, Korea, and Hong Kong serve as overseas partnership and enterprise recruitment channels, deepening economic cooperation with these regions.
• 新加坡企业及机构 (Singapore Enterprises and Institutions)coreStrategic or Co-development PartnerGuofeng organized the Yantai Modern Finance and Cultural Tourism Industry Cooperation Fair in Singapore in March 2023, signing strategic agreements with Beijing Zhilu Capital, Ruimaotong Supply Chain (Singapore), and Zhongtai International, and engaging with 50+ enterprises and institutions. Also signed agreements with Singapore FSJ Fund and Macau International Investment Association.
• 东方航天港产业集团 (Oriental Space Port Industrial Group)coreStrategic or Co-development PartnerGuofeng established the 东方航天港产业集团 (registered March 2020) as the core vehicle for developing the Eastern Space Port, China's first commercial aerospace high-tech industrial cluster with planned investment of 23 billion yuan.
• 生物医药健康产业发展集团有限公司 (Biomedical Health Industry Development Group)coreStrategic or Co-development PartnerGuofeng's wholly-owned subsidiary established in July 2021 to develop the Blue Pharma Valley Life Island (蓝色药谷·生命岛) and manage the 100 billion yuan biomedical fund ecosystem, positioning Yantai as a thousand-level biomedical industry hub.

Scale indicators19 records

Recent moves11 records

Expansion highlights7 records

Direct peers

• China Guoxin Holdings (中国国新控股有限责任公司): Central SOE dedicated to state-owned capital investment and operation, manages funds including the National Integrated Circuit Fund and other strategic industry investment vehicles. Closest comparable to Guofeng as a state-owned capital investment holding company with a fund-of-funds platform and equity operations mandate.
• China Chengtong Holdings Group (中国诚通控股集团有限公司): Central SOE capital operation platform under SASAC, focused on managing and restructuring state-owned assets, operating a state-owned capital restructuring fund and equity investments across multiple sectors. Direct functional peer as both are state-owned capital investment holding companies deploying capital via funds, equity operations, and industrial restructuring.
• State Development & Investment Corporation (国家开发投资集团有限公司): One of the original central SOE investment holding companies, with diversified holdings across fundamental industries (energy, minerals, transportation, healthcare) plus fund management. Directly comparable as a state-owned capital investment holding company operating both equity operations and fund management across multiple sectors.
• China Reform Holdings Corporation (中国国新 / 中国国新控股 - alternative central platform): Central SOE focused on mixed-ownership reform and state-owned capital operation, manages restructuring funds and partners with provincial SOE platforms. Closely aligned with Guofeng's mixed-ownership reform mandate (e.g., 51:49 pilot with Shanghai Junhe, 100 billion yuan biomedicine parent fund).

Broad incumbents

• China Huarong Asset Management (中国华融资产管理股份有限公司): Central state-owned financial asset management company with extensive distressed asset, fund management, and securities operations. Broader incumbent in the same ecosystem as Guofeng's Shandong Dengxin Asset Management JV, though much larger and with a national footprint across multiple financial services lines.
• China Cinda Asset Management (中国信达资产管理股份有限公司): Central state-owned financial asset management company primarily focused on distressed asset acquisition and disposal, but with growing fund management and equity investment operations. Broader incumbent with overlapping capabilities in non-performing asset management (Guofeng's Shandong Dengxin Asset Management JV is a related capability).

Regional players

• Guangzhou Industrial Investment Holdings (广州工业投资控股集团有限公司): Municipal-level Guangzhou SOE industrial investment platform, focused on industrial restructuring, equity operations, and emerging industry fund deployment. Comparable as a regional SOE capital investment company with similar industrial transformation mandate and portfolio company management approach.
• Shanghai Guosheng Group (上海国盛(集团)有限公司): Municipal-level Shanghai SOE capital investment and operation platform, manages regional industry funds and equity stakes in Shanghai-based listed companies. Comparable as a regional SOE capital investment holding company, but operating at larger absolute scale in a more developed municipal economy.
• Beijing State-Owned Capital Operation and Management (北京国有资本经营管理中心): Municipal-level Beijing SOE capital management platform overseeing stakes in major Beijing-headquartered listed companies and industry investment funds. Comparable as a regional SOE capital holding platform, with similar equity operations and fund management functions.
• Shenzhen Investment Holdings (深圳市投资控股有限公司): Municipal-level Shenzhen SOE investment holding company, manages stakes in major Shenzhen SOEs (including tech and financial sectors) and operates industry funds. Comparable as a regional SOE capital platform with equity operations, fund management, and industrial park components.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

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Frequently asked questions about Yantai Guofeng Investment