Guangxin Group currently holds controlling stakes in six listed companies and has been ranked on the Fortune Global 500 list for three consecutive years.
The wave of technological innovation and industrial transformation is surging forward, with state-owned enterprises in Guangdong taking the lead in integrating technology and industry.
In 2024, provincial enterprises in Guangdong invested 16.66 billion yuan in R&D, a 151.86% increase from 2020, with an R&D intensity of 2.46%. They won three first prizes and nine second prizes in the Guangdong Provincial Science and Technology Progress Awards, as well as one China Patent Award and three Excellence Awards in 2025.
At a special meeting on accelerating the construction of a modern industrial system (focused on industrial technology innovation), the chairman of Guangxin Group stated that the group currently controls six listed companies and has been on the Fortune Global 500 list for three consecutive years. Last year, the company’s revenue and profits increased by 4.60% and 41.29%, respectively, while in the first half of this year, they grew by 9.74% and 15.86%, with technology-driven enterprises contributing over 90% of profits.
As a provincial state-owned capital investment company in Guangdong, Guangxin Group focuses on three main sectors: new energy and new materials, biotechnology and food health, and digital services and supply chain services. It is accelerating the construction of a modern industrial system through industrial foundations, innovation leadership, and investment-driven strategies.
With the new wave of technological revolution and industrial transformation creating new opportunities, innovative enterprises and platforms are rapidly emerging on the state-owned technology map. These entities, driven by new technologies, scenarios, and demands, are poised to become leading forces in industrial transformation.
However, as technological exploration becomes increasingly complex, Guangdong’s state-owned enterprises need more policy support to play a stabilizing and leading role.
The chairman cited Guangdong’s new materials industry as an example, noting its vast and diverse range of products—from upgrades of traditional materials to groundbreaking innovations. He emphasized the urgent need for systematic legal safeguards and proposed accelerating the introduction of the “Guangdong Province New Materials Industry Development Promotion Regulations” to strengthen top-level design, define key development areas, and outline supportive policies.
Additionally, he recommended accelerating the construction of an open innovation platform for new materials in the province. This platform, named the “Guangdong New Materials Industry Technology Innovation and Application Center,” would serve as an innovation hub combining open innovation (GOLD platform) with application scenario centers, optimizing resource allocation and aligning industrial needs with global innovations to establish Guangdong as a globally influential hub for new materials.
