Shanghai Dazhong Public Utilities (Group) Co., Ltd. was established on December 24,1991, formerly known as Shanghai Pudong Dazhong Taxi Co., Ltd., is the first joint-stock company in the taxi industry in China, and also the first listed company after the establishment of Pudong New Area. The stock of the group was officially listed on the Shanghai Stock Exchange on March 4,1993 (stock code: 600635). In May 2003, the Group changed its name to "Shanghai Dazhong Public Utilities (Group) Co., Ltd.". On December 5,2016, the H shares of the group were listed on the main board of the Hong Kong Stock Exchange and began to trade (stock code: 1635).
After more than 30 years of progress, with the pace of the development and open-up with Shanghai Pudong, the group has developed from a transportation enterprise took the lead to be listed in the industry, to an investment holding enterprise with two-wheel drive of public utilities and financial venture capital.
The gas and energy industry is a core sector vigorously developed by Dazhong Public Utilities. Its holding subsidiary, Shanghai Dazhong Gas Co., Ltd., is a large-scale urban gas operator integrating gas transmission, distribution, sales and services, holding approximately 40% of Shanghai’s gas sales market share and serving nearly 2 million residential gas users. Nantong Dazhong Gas Co., Ltd. is the sole pipeline gas supplier in urban Nantong, Jiangsu Province, with nearly 800,000 residential gas users.
The environment and logistics industry is a rapidly growing business segment of Dazhong Public Utilities. At present, it has invested in sectors including sewage treatment, logistics and highway construction, and operates entities such as Shanghai Dazhong Jiading Sewage Treatment Co., Ltd., Jiangsu Dazhong Water Group Co., Ltd. and Shanghai Dazhong Run Logistics Shares Co., Ltd. Among them, Shanghai Dazhong Run Logistics Shares Co., Ltd. holds the qualification for Class II hazardous goods transportation (gases) in Shanghai and is the largest third-party LPG distribution company in Shanghai.
The financial leasing & asset management industry and venture capital & investment industry are sectors vigorously expanded by Dazhong Public Utilities to seize the historic opportunities brought by the booming development of the capital market. In the financial leasing and asset management industry, the Group owns Shanghai Dazhong Financial Leasing Co., Ltd., Shanghai Dazhong Commercial Factoring Co., Ltd., Shanghai Dazhong Asset Management Co., Ltd. and Shanghai Xiangyin Road Tunnel Construction Development Co., Ltd. In the venture capital and investment industry, it possesses multiple venture capital platforms and investment funds including the wholly-owned “Dazhong Capital”, as well as the equity-participated “Shenzhen Venture Capital”, “Huacan Fund” and “Dacheng Huicai”. It has made investments in various fields such as banking, securities, funds, pre-listed enterprises and equity interests in financial institutions. To date, the Group’s direct investments and venture capital platforms have incubated and fostered nearly 300 listed enterprises.
Since its listing, the Group has established a sound corporate image, maintained a AAA-level principal credit rating for consecutive years, and been selected into the CSI 1000 Growth Index and the SSE 580 Index. In recent years, the Group has won numerous awards, including the “Best Practice Award for Boards of Directors of Listed Companies”, “Gelonghui Golden Grid Award – Annual A+H Outstanding Enterprise Award”, “Top 10 Listed Enterprises with Most Social Responsibility”, “Golden Bull Award for Investor Relations”, “Panorama Gold Award for Investor Relations – Outstanding Market Value Management Award” and “Value Online – Annual AI Cutting-Edge Innovation Award”. It has also claimed multiple prestigious awards in the ESG field, attained the highest green enterprise rating of “Ge-1 Level”, and been consecutively selected as one of the “Shanghai Top 100 Private Enterprises” and included in the “Annual Classic Cases of China’s Financial Market”. The Group is a standing council member of the 3rd Council of the China Association for Public Companies, the executive vice president (legal representative) unit of the 4th Council of the Shanghai Association of Public Companies, and a vice chairman unit of the 8th Council of the Shanghai Joint-Stock Companies Association.