- CEO
- Baogen Pang
- Full Time Employees
- 5,823
- Sector
- Industrial services
- Industry
- Engineering & construction
- Address
- No.1687 Guazhu East Road Shaoxing ZH China 312030
- IPO Date
- Jun 30, 2003
- Business
- Baoye Group Company Limited (2355.HK), founded in 1974 and headquartered in Shaoxing, Zhejiang Province, People's Republic of China, provides construction services; property development; and building materials manufacturing and distribution primarily in China through its three core segments. The Construction segment undertakes government and public buildings, urban facilities and infrastructure, commercial buildings, residential buildings, industrial buildings; electrical and electronic installation; fireproof facilities installation; and curtain wall installation for domestic projects including high-profile developments such as the Zhejiang Provincial Innovation Center of Advanced Textile Technology and Mirror Lake Hotel Upgrading Project. The Property Development segment develops and sells residential and mixed-use properties, including high-rise and multi-storey units incorporating the company's proprietary one-hundred-year construction technology, with recent land acquisitions such as a RMB510 million site in 2021 for decorated and non-decorated units. The Building Materials segment manufactures and supplies curtain walls, ready-mixed concrete, furnishings and interior decorations, wooden products, fireproof materials, PC assembly boards, steel frameworks, machinery and fittings, concrete prefabricated parts, steel and wood fireproof doors; and provides decoration, architectural and interior design services, with industrialized housing capabilities using light steel structure and precast concrete assembly systems across bases in Zhejiang, Shanghai, Anhui, Hubei and Jiangsu provinces. The company operates regional subsidiaries in the Yangtze Delta Area, Anhui and Hubei, maintains a workforce of approximately 5,870 employees, and focuses on environmentally friendly, healthy housing solutions while expanding housing industrialization for mass production scale. Recent developments include acquisition of high-end projects in 2023 such as heating infrastructure EPC in Qingguang Town; approval of final dividend for 2024 payable in July 2025 reflecting sustained profitability with net income of HK$444.43 million on revenue of HK$24.22 billion; strategic cooperation agreement in 2024 with CHINT Global for electric power, new energy, housing construction and industry projects radiating to Belt and Road countries; and earnings guidance for the six months ended June 30, 2025 indicating H1 ROE of 1.08% amid ongoing domestic market focus.