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Yongding Taifu was awarded the first batch of key enterprises of service trade in Jiangsu Province

2021-01-14

On December 31, 2020, the Jiangsu Provincial Department of Commerce issued the Notice on Confirming the First Batch of Service Trade Bases and Key Enterprises in Jiangsu Province, specifying that 14 units are the first batch of service trade bases in Jiangsu Province and 75 enterprises are the first batch of key enterprises in service trade in Jiangsu Province. Jiangsu Yongding Taifu Engineering Co., Ltd., a subsidiary of Yongding shares, was awarded the first batch of provincial key enterprises in service trade (engineering contracting and construction services).

The Department of Commerce of Jiangsu Province has carried out confirmation work in six areas, including digital services and biomedical research and development services. After local recommend, preliminary review of application materials, expert review, social publicity and other links, the first batch of service trade bases and key enterprises in Jiangsu Province were finally determined, aiming to further promote the development of service trade and form a provincial service trade (export) carrier gradient cultivation system as soon as possible.

Yongding overseas power engineering sector positioning Southeast Asia and East Africa and other "along the way" along the country's new market, the "project general contracting" innovation and upgrading to "general contracting finance", "general contracting government double excellent", "general contracting operation" business model. Over the past decade or so, overseas projects have contracted a total of nearly US $3 billion and have successfully delivered US $1 billion. At the end of 2020, the implementation of the Bangladesh National Grid Corporation's power grid upgrade project (with a total contract value of US $1.14 billion) will be officially launched, and the smooth implementation of the project will have a positive impact on the company's total revenue and profit in the next five years.

Yongding will ensure that the overseas projects that have been achieved are completed with high quality, and actively extend the follow-up operation and maintenance work. We will unswervingly promote the landing and implementation of the company's globalization strategy. Explore and study new formats, new models and new applications of trade in services, and use practical actions to contribute to the construction of a new double-cycle development pattern.