Ocean Holdings Group is a State-owned enterprise, which was founded in Qingdao West Coast New Area (Qingdao WCNA) five years ago. From January to October this year, its revenue hit 33.6 billion yuan ($4.82 billion), and its total assets reached 155.5 billion yuan.

Ocean Holdings Group. [Photo/WeChat account: qdxihaianfabu]

In 2021, Ocean Holdings Group's revenue reached 32.5 billion yuan, which is nearly double the company's 16.2 billion yuan revenue in 2020. When it comes to the company's revenue structure in 2021, the revenue yielded from manufacturing, which accounted for 90 percent of the total investment, reached 65 percent.

At the same time, the group remains market-oriented and balances its relationships between the State-owned system and the market mechanism. It also optimizes asset quality through mergers and acquisitions with high-level listed companies and invests in companies waiting to be listed.

To accelerate the development of the optoelectronic and semiconductor industry in Qingdao WCNA, the group plans to invest 880 million yuan to establish an industrial chain fund. After the establishment of the fund, a great number of related enterprises are expected to gather in Qingdao WCNA.

Furthermore, as a leading enterprise in the marine biopharmaceutical industrial chain in Qingdao WCNA, Ocean Holdings Group not only gives full play to its position as a State-owned enterprise, but cooperates with private enterprises to boost their development and help build stronger marine industrial chains in Qingdao WCNA.