Jilin Yatai (Group) Co.,
Ltd was formed on April 19th, 1993, and on November 15th,
1995, was successfully enrolled on the Shanghai Stock Exchange.
It spent little tome over the capital accumulation and start-up stage, which
the similar enterprise must spend a long time on, and the total assets have
reached 5,200 million after transition mechanisms, capital operation,
management creation, structural adjustments and market exploitation. It is a
state-run listed company with an excellent reputation.
Now the Yatai Group is
formed five backbone industries, real estate, cement manufacturing,
pharmaceuticals, securities and trade, and is starting to enter into such
fields as communications networks, commerce and trade, hotels etc. With
outstanding achievements in its main businesses and effective management,
Yatai Group has developed into a large group that enjoyed special support
from provincial and municipal government.
Since 1995, Yatai Group has
gained excellent achievements in the comprehensive annual assessment of
listed companies. In 1998, Yatai Group was listed in 28th
place among the 100
top-listed companies of China's mainland selected by ‘Asia Weekly?in Hong
Kong. In the same year, Yatai's "A" stock was enrolled on the American Stock
Exchange as one of the Dow Jones Chinese Composite Index 88.
In 1999, it won the title
of "Evergreen Tree of the Chinese Capital Market? given by the ‘Security
Times?
For 2 years in succession,
in 1999 and 2000, it won first place among all the enterprises of the "A"
group in the assessment of large state-owned enterprises, and was selected
by the Jilin
provincial government as an "excellent enterprise" in their 9th Five-year
Plan period.
In 2001, it was listed in
34th place among 100 valuable, listed companies appraised by
domestic, authoritative security organizations.
In 2002, Yatai Group was
listed as one of the composite Index 180 on the Shanghai Stock Exchange
In 2003, Yatai Group was
awarded one of the 10 top real estate enterprises among listed companies.
After an extensive effort, Yatai Group has developed "Yatai's model of
management", i.e. taking planning and management as its base, using
performance assessment as its reference, putting the auditing system first,
finally, using investigation and study as the complement to all other
activities.
Yatai Group has been
designated as a model example for the state-run enterprise reform. Many
media such as "Xinhua News Agency" and CCTV have had reports and newscasts
about Yatai Group career, and it has attracted much attention from all areas
of society.
