Henan Shengrun Holding Group Co.

What Henan Shengrun Holding Group Co. does

Henan Shengrun Holding Group Co., Ltd. (河南盛润控股集团有限公司) is a privately held Chinese diversified conglomerate headquartered in Zhengzhou, Henan Province, founded in October 2001 with 850 million RMB registered capital. The group operates a portfolio of more than 20 wholly-owned and jointly controlled subsidiaries spanning six core verticals: healthcare and elderly care (the non-profit Zhengzhou Yihe Hospital with 1,500 operational beds serving ~8 million patients cumulatively, plus Renai Home elderly care and the Shanfuluyuan Aging Foundation), urban infrastructure (Zhengdong Thermal Power at 400 MW, Zhengbian and Dongrun district heating covering ~189 million sqm and 36 million sqm respectively, and Zhengbian Water Services serving ~300,000 residents), highway operations (G36 Pinglin Expressway at 106.45 km and G55 Tai'ao Expressway at 63.66 km, carrying ~91 million vehicles annually), real estate development and property management (~3.5 million sqm developed and ~3 million sqm under management), energy/power (including Puyang Purun cogeneration and Baiyoufu Bioenergy's proprietary biomass-to-gasoline/diesel technology), and adjacent businesses including textiles, hospitality, cloud computing, and Australian trade. The group also holds minority equity stakes in two regional banks (Zhongyuan Bank as third-largest shareholder and Zhengzhou Bank as a top-ten shareholder).

Core proprietary technology centers on Baiyoufu Bioenergy's decade-plus R&D in biomass-to-fuel conversion, producing gasoline and diesel from agricultural straw (秸秆) using independently developed catalyst technology and processes — a capability validated by 2019 Ministry of Science and Technology National Key R&D Program support under "Solid Waste Resource Utilization." Secondary technical assets include three national invention patents covering functional textile fabrics (anti-static, moisture-wicking, antibacterial, permanent flame-retardant) at subsidiary Zhengzhou Sifang Textile. The Zhengdong Cloud Computing subsidiary provides infrastructure-as-a-service, hosting tenants including China Mobile, China Unicom, and Public Security Bureau.

The business model mixes recurring and transactional revenue streams: subscription-based district heating and water tariffs, toll-based highway fees, managed-services healthcare (non-profit model), one-time real estate sales, and affiliate returns from minority bank stakes. The group sells primarily to government entities (Henan provincial offices, Zhengdong New Area administration), large industrial customers (Yutong Bus, Foxconn), and residential consumers across Henan and Hainan provinces. Following founder Li Xipeng's death in April 2023 and COVID-related financial stress, the group is operating under government-guided debt restructuring and risk resolution.

Name

Henan Shengrun Holding Group Co.

Legal name

河南盛润控股集团有限公司

Website

https://srkg.com.cn

Company type

Private

Founded year

2001

Operating status

Operating

Short description

Henan Shengrun Holding Group is a privately held Chinese conglomerate founded in 2001, operating diversified businesses across healthcare, urban infrastructure, highways, power/heating, real estate, textiles, tourism, and financial investments, primarily serving government, enterprise, and residential customers in Henan Province.

Ownership category

akta.pro rank

Headquarters

HQ city

Zhengzhou

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Real Estate Development: Property development and sales through Henan Shengrun Real Estate Group, developing residential, commercial office buildings, retail shops. Projects include Xin Xin Garden, Beautiful Source, International Plaza, Four Seasons Flower City, Jincheng, Yunhe City, and others
2. Healthcare Services: Non-profit tertiary general hospital providing medical services. Zhengzhou Yihe Hospital is a non-profit hospital serving patients with various medical services
3. Utilities (Power/Heating/Water): Zhengdong Thermal Power, Zhengbian Heating, and Zhengbian Water Services provide district heating and water supply services to residential, government, and enterprise customers
4. Highway Operations: Operating G36 Ningluo Expressway (Pinglin Highway, 106.45km) and G55 Erguang Expressway (Tai'ao Highway, 63.66km) with toll revenue
5. Financial Investment: Strategic investments in financial institutions including Zhongyuan Bank (750 million shares, 3rd largest shareholder) and Zhengzhou Bank (100 million shares, top 10 shareholder)

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

Henan Shengrun Holding Group is a diversified conglomerate that operates multiple business segments including healthcare and elderly care services through Zhengzhou Yihe Hospital and Renai Home; urban infrastructure including district heating (Zhengbian/Dongrun Heating), water supply, and wastewater treatment; expressway toll operations on G36 and G55 national highways; thermal power generation and biomass-to-fuel bioenergy R&D; real estate development and property management across Henan Province and Hainan; textile manufacturing, hospitality (Yujing Hot Spring Resort), and cloud computing data center services. The group also holds minority equity stakes in Zhongyuan Bank (third-largest shareholder) and Zhengzhou Bank.

Product overview

Henan Shengrun Holding Group Co. is a diversified conglomerate operating across multiple sectors including medical and elderly care services, urban infrastructure (heating, water supply, wastewater treatment), highway operations, new energy and chemicals, real estate development and management, textile manufacturing, tourism and hospitality, technology services (cloud computing), and financial investment. The group is structured around a portfolio of wholly-owned and invested subsidiaries that share resources, leverage complementary advantages, and develop synergistically. Key operating entities include: Zhengzhou Yihe Hospital (non-profit tertiary general hospital) and Renai Elderly Care platform under the medical and elderly care segment; Zhengbian Heat, Dongrun Heat, and Zhengbian Water under the urban infrastructure segment; Pinglin and Tai'ao Expressway companies under the highway operations segment; Zhengdong Thermal Power and Puyang Purun Thermal Power under the new energy segment; Henan Baiyoufu Bioenergy (biomass fuel R&D); Shengrun Real Estate Group and property management company under the real estate segment; Zhengzhou Siquan Textile (state-owned enterprise restructuring); Yujing Hot Spring Resort (tourism); Zhengdong Cloud Computing (data center); Zhengzhou Aoyou Trading (Australia trade); and Zhengzhou Xinlantian Energy-saving Glass. The group also holds equity stakes in Zhengzhou Bank and Zhongyuan Bank. Founded in 2001 with a registered capital of 850 million RMB, the group has accumulated approximately 460 billion RMB in investments across people's livelihood sectors.

Differentiator

Problem solved

Functional benefit

Brands

• 盛润美好家集团: Sub-brand for the group's residential and home-related services division.

Products and services

• Zhengzhou Yihe Hospital (郑州颐和医院) Non-profit tertiary general hospital affiliated with Henan University, located in Zhengdong New Area, Zhengzhou, with planned 3,000 beds (1,500 opened in Phase 1), 59 clinical departments, and eight priority specialties, integrating medical care, teaching, research, prevention, elderly care, rehabilitation, and health management.
• Henan Renai Home Elderly Care Co., Ltd. (河南仁爱之家养老有限公司) Integrated elderly care platform operating Yiyang Yuan (Yihe Hospital Elderly Care), Yiyang Yuan (Tianyou Sino-Western Medicine Hospital Elderly Care), Zhengzhou Huiai Community Home Elderly Care Service Center, Zhengzhou Xiao'ai Tian Shi Social Work Service Center, Yiyang Elderly Care Services, and managing the Zhengdong New Area 12349 integrated elderly care service information platform.
• Zhengbian Thermal Power / Zhengbian Heating (郑州市郑汴热力有限公司) District central heating service provider holding a franchise in Zhengzhou Zhengdong New Area Baisha Park, covering the region south of the Yellow River, north of the Longhai Railway, east of the Jingguang-Ao Expressway, and west of the Wansan Highway; total network area of 7.1 million sqm, heating area of 1.89 million sqm.
• Dongrun Heating (郑州国际物流园区东润热力有限公司) District central heating service provider holding a franchise in the Zhengzhou International Logistics Park, covering an area south of the Longhai Railway, north of the Zhengmin Expressway, east of the Jingguang-Ao Expressway, and west of the Wansan Highway; total network area of 1.22 million sqm, heating area of 360,000 sqm.
• Zhengbian Water Services (郑州市郑汴水务有限公司) Provides urban water supply, wastewater treatment, water supply pipe network, and wastewater pipe network construction and operation across the Baisha Park area, with two 30,000-ton-per-day water plants and two 40,000-ton-per-day wastewater treatment plants, serving about 150,000 residents (described elsewhere as 30,000 residents and ~100 enterprises) with cumulative investment of 600 million RMB.
• Pingdingshan Pinglin Expressway Co., Ltd. (平顶山平临高速公路有限责任公司) Operates the 106.45 km Pinglin section of G36 Ningluo Expressway, with 3.6 billion RMB total investment, two pairs of service areas, six toll stations, and one monitoring center. The Pingxi Service Area was awarded National Excellent Service Area status by the Ministry of Transport.
• Pingdingshan Tai'ao Expressway Co., Ltd. (平顶山太澳高速公路有限责任公司) Operates the 63.66 km Jiliao to Fenshuiling section (Pingdingshan section) of G55 Erguang Expressway, with two service areas, three toll stations, one road administration brigade, and one monitoring center. Differentiated toll fee policies approved by Henan Province Transportation Department starting December 1, 2018 (extended in subsequent years).
• Henan Baiyoufu Bioenergy Co., Ltd. (河南百优福生物能源有限公司) Subsidiary dedicated to R&D and production of high-quality biomass-based gasoline and diesel, with proprietary biorefining processes and catalyst technology, and a 10,000-ton-per-year biomass gasoline/diesel demonstration plant located in Puyang City Fan County Chemical Industry Park.
• Zhengdong New Area Thermal Power Co., Ltd. (郑州市郑东新区热电有限公司) Thermal power plant jointly invested by Shengrun Group (80%) and Zhengzhou City Thermal Power Corporation (20%), with Phase 1 featuring two 210 MW cogeneration units (designed annual power generation of 2.1 billion kWh), responsible for 15 million sqm of central heating in the urban area, and one of the dispatch plants in the Henan power grid.
• Puyang Purun Thermal Power Co., Ltd. (濮阳濮润热电有限公司) Back-pressure cogeneration plant located in Fan County Industrial Cluster Puyang Wang Industrial Park, with total investment of 1.68 billion RMB on 314 mu of land, using 3xB25 MW back-pressure cogeneration units (Phase 1 investment 1.1 billion RMB), supplying heat and electricity to 22 enterprises in the park; started production in August 2020.
• Henan Shengrun Real Estate Group Co., Ltd. (河南盛润置业集团有限公司) Flagship real estate developer holding a second-class real estate development qualification, developing residential, commercial office, retail shops, and large integrated urban complexes (Xinxin Garden, Beautiful Source, International Plaza, Four Seasons Flower City, Jincheng, Yunhe City, Pingdingshan Shengrun Plaza, Hainan Nanyan Bay, etc.), with cumulative developed housing area of approximately 3.5 million sqm.
• Henan Shengrun Property Management Co., Ltd. (河南盛润物业管理有限公司) Professional property management services company holding national first-class property management qualification, managing approximately 3 million sqm of residential, office, apartment, commercial complex, hospital, and industrial park properties.
• Henan Zhengdong Cloud Computing Co., Ltd. (河南正东云计算有限公司) First large data center in Baisha Big Data Industrial Park, established in June 2015 with 100 million RMB registered capital, providing cloud platform services, computer hardware technology development, technical consulting, and computer system integration. Awarded the 2016 China Excellent Cloud Service Data Center Award. Holds Value-Added Telecommunications Business License issued in May 2018. Tenants include Zhongyuan Cloud Big Data Group, Public Security Bureau, China Mobile, and China Unicom.
• Zhengzhou Sifang Textile Co., Ltd. (郑州四棉纺织有限公司) Modernized textile enterprise producing cotton yarn, cotton fabric, and blended yarn, restructured from the state-owned Zhengzhou No. 4 Cotton Textile Factory (founded in 1957) through state-owned enterprise reform in 2006, recognized as a Henan High-Tech Enterprise and Henan Enterprise Technology Center with three national invention patents.
• Pingdingshan Yujing Hot Spring Resort Co., Ltd. (平顶山玉京温泉度假酒店有限公司) Hot spring resort and hospitality hotel built to national four-star eco-health resort standard, covering 300+ mu at the foot of Lushan Mountain (Tangyu), with 120 million RMB total investment, integrating hot spring bathing, guest rooms, dining, entertainment, tourism shopping, and leisure health services.
• Zhengzhou Aoyou Trading Co., Ltd. (郑州澳优贸易有限公司) Trading company established to expand Shengrun Group's Australia operations, with investments in cattle farming and ranching in Australia (100 million RMB) and 80 million RMB cooperation with Stellar Group in the fisheries sector for Southern Bluefin Tuna; also operates a 100-ton -60°C ultra-low temperature self-prepared cold storage warehouse in Zhengzhou (built in 2017).
• Zhengzhou Xinlantian Energy-Saving Glass Technology Co., Ltd. (郑州新蓝天科技节能玻璃有限公司) Large-scale glass deep-processing and door/window curtain wall decoration company integrating design, R&D, production, and installation; operates the most advanced Italian-imported aluminum bridge-cutting door/window processing production line in the Henan region, with long-term partnerships with Country Garden, Vanke, Wanda, Greenland, and other real estate developers.

Quantifiable outcome

• 8 million+ patients served at Zhengzhou Yihe Hospital over 10 years
• +4 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Australian Wagyu Group (斯特尔集团)minorStrategic or Co-development Partner · 1 November 2014Zhengzhou Aoyou Trading established strategic cooperation with Australian aquatic giant Stellar Group in the fisheries sector, investing 80 million yuan in一期 project to secure limited fishing quotas for Southern Bluefin Tuna under strict CCSBT supervision.
• China Petroleum & Chemical Corporation (中石化)coreStrategic or Co-development Partner · 1 October 2014Baiyoufu Bioenergy collaborated with Sinopec and multiple other research institutions for over 6 years on joint engineering development for biomass fuel preparation technology, achieving phased results in the biomass to fuel field.
• Foxconn (富士康)coreStrategic or Co-development Partner · 1 January 2009Shengrun Group provided 130,000 square meters of professional industrial factory buildings for Foxconn's first batch of enterprises settling in Henan, making significant contribution to Foxconn's entry into Henan Province.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• China Resources Holdings: Large state-owned diversified conglomerate with significant operations in healthcare, energy/power, real estate, and urban infrastructure. Comparable to Shengrun's essential-services conglomerate model but at vastly larger scale and with state-owned backing.
• Greenland Holdings: Major Chinese state-owned real estate and infrastructure conglomerate with significant operations in urban development, commercial property, and energy. Comparable to Shengrun's real estate development (Yunhe City, Yunhe Plaza) + heating/power franchise model at much larger scale.
• Beijing Enterprises Holdings: Hong Kong-listed Chinese infrastructure and utilities operator with major positions in district heating, water, gas, and toll roads. Directly comparable to Shengrun's Zhengbian heating, Zhengbian water, and Pinglin/Tai'ao expressway franchises.

Direct peers

• Logan Group: Chinese private real estate conglomerate with diversified operations including property development, commercial real estate, and hotel assets. Comparable to Shengrun's diversified property + adjacent-services conglomerate model in mainland China.
• Fosun International: Chinese private diversified conglomerate with operations spanning healthcare (hospital and elderly care networks), real estate, financial services, and tourism. Closest comparable to Shengrun's mix of hospital, real estate, financial stakes, and tourism assets across a multi-subsidiary platform.
• Hopson Development Holdings: Chinese private real estate group with diversified operations including property management, hotels, and infrastructure investments. Comparable to Shengrun's mixed real estate + utility + infrastructure footprint and founder-controlled governance model.
• Yuzhou Group: Chinese private real estate developer focused on residential and commercial property across multiple cities. Comparable to Shengrun Real Estate's residential + commercial development model and similar exposure to the Chinese property cycle.
• Kaisa Group Holdings: Chinese private real estate developer with diversified holdings including property management, hospitality, and healthcare ventures. Comparable to Shengrun's mixed real estate + healthcare (Yihe Hospital) + hospitality model, and similar in facing Chinese property sector headwinds.
• Shimao Group: Chinese private real estate developer with diversified holdings including hospitality and property management. Comparable to Shengrun's real estate + property management + hospitality (Yujing Hot Spring) portfolio and similar Chinese private-conglomerate ownership profile.
• Powerlong Real Estate: Chinese private real estate and commercial property group with operations across residential development, commercial complexes, and hotel/hospitality assets. Comparable to Shengrun Real Estate's mixed residential + commercial + hospitality (Yujing Hot Spring Resort) portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance16 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries21 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Henan Shengrun Holding Group Co.