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SDIC reports 27-pct annual profit growth in past 12 years

Xinhua, June 25, 2015 Adjust font size:

State Development and Investment Corp. (SDIC), China's largest state-owned investment holding company, reported on Thursday an annual profit growth of 27 percent over the past 12 years.

The company said in its 2014 Enterprise Social Responsibility Report that revenue last year totaled 113 billion yuan (18.4 billion U.S. dollars) and total profits hit 14.5 billion yuan.

The company's total assets stood at 462 billion yuan by the end of 2014 and the value of financial assets under its management stood at 646 billion yuan.

The company has continued to invest in environmentally friendly sectors such as hydropower, wind power, solar panels and bioenergy. Its investment in pollution treatment projects hit more than 320 million yuan last year.

Established in 1995 under direct management of the central government, the company's main business is domestic industrial investment, financial service and international business. Endi