On August 2 (Beijing time), Fortune Magazine released the 2021 Fortune Global 500 list. Guangzhou Municipal Construction Group Co., Ltd. (hereinafter referred to as "GMC") was successfully listed in the Global 500 with an operating revenue of RMB 184.1 billion (US$ 26.682 billion) and ranked 460th, becoming the first construction enterprise shortlisted in Guangdong-Hong Kong-Macao Greater Bay Area.
GMC, founded in 1950, is a state-owned enterprise with 71 years of cultural accumulation and brilliant achievements. Over the past 71 years since its establishment, GMC has always adhered to the enterprise spirit of "Building Thousands of Houses and Creating Beautiful Scenery in the World". With unprecedented ambition, it has constantly continued structural reform, seized development opportunities, adjusted industrial structure, optimized resource allocation and enhanced innovation ability, gradually becoming an integrated construction enterprise enjoying the advantage of a full industrial chain and entering the Global 500 List with strengths, showing its strong global competitiveness.

 
A RMB 100-billion Enterprise to Build a "Construction Industry" Carrier
During the 13th Five-Year Plan, GMC's business scale increased from RMB 59.5 billion to RMB 184.1 billion, with a compound annual growth rate of 25.3% in operating revenue and 29.1% in total profit. In 2018, GMC seized the opportunity and built another "GMC" in two years against the backdrop of a severe economic development situation, and successfully became a RMB 100-billion enterprise in 2019. In 2020, GMC made great efforts to overcome the adverse impact of the COVID-19 pandemic by bearing "Climbing Over the Ridge and Rolling Stones up the Mountain" in mind, and its annual operating revenue reached RMB 184.1 billion, up 36.5% year-on-year, with its comprehensive strength ranking first among the construction enterprises in Guangdong Province, helping GMC stride into the Global 500. In the first half of this year, GMC achieved the operating revenue of RMB 82.59 billion, a year-on-year increase of 74.98%, maintaining strong growth momentum.

Adherence to the Ingenuity to Enhance the Brand of GMC
GMC now has more than 200 wholly-owned enterprises and affiliates, 2 special qualifications for general contracting and 41 first-class qualifications for general contracting, and is the first enterprise group in South China to hold both the special qualification for general contracting of housing construction and class-A design qualification of the construction industry, as well as the special qualification for general contracting of municipal engineering construction and class-A design qualification of municipal industry. Its business scope basically covers all professional areas of the construction industry, forming a complete modern construction industrial chain.
Over the past 71 years since its establishment, GMC has always taken "Build the Millennium Yangcheng to be the Pearl of South China" as its own responsibility, rooted in the fertile soil of Lingnan culture to cultivate an architectural technical style based on Lingnan architectural culture, and perfectly combined Lingnan architectural features with modern architectural art in a timely fashion, thus forming a series of construction methods and a complete technical system that boast both Lingnan architectural features and modern architectural fashion. With the growth of the PRC, GMC has undertaken most urban construction projects in Guangzhou as the main force. At the same time, by virtue of its brand advantages and special qualifications, GMC has focused on the breakthrough in high-level landmark projects and major municipal projects to speed up the change of Guangzhou with ingenuity and enliven Guangzhou with both hands. From the first five-star hotel - White Swan Hotel, the first large-scale sports stadium - Tianhe Sports Center, the first general contracting project of the national key project - Zhujiang Cement Plant, the first urban road interchange in China - Dabei Interchange to the highest building in Asia in the 1990s - CITIC Plaza, the largest exhibition center - Guangzhou International Convention and Exhibition Center, the largest underground space development project in China - Municipal Transportation Project in Core Area of Zhujiang New Town, the world's fourth and China's first tower - Canton Tower, all these magnificent buildings standing in Guangzhou are from the professional enterprise with originality - GMC. With 71 years of history, GMC has established a benchmark with high quality and built classical buildings with ingenuity. Its completed area of over 80,000,000 m² is equivalent to the reconstruction of seven old Guangzhou cities.

 
Optimizing the Distribution to Establish the Leading Status in the Area
GMC has constantly improved the "Going out" mode and built the "Going out" brand influence. In recent years, GMC has actively developed the regional headquarters economy, implemented the regional market strategy, accelerated the coverage over 9+2 urban clusters in Guangdong-Hong Kong-Macao Greater Bay Area and cities outside the province, and integrated the state-owned construction enterprises in various cities or established local construction enterprises by cooperating with local governments through the output of brand and the mode of "Going out", thus promoting its regional market expansion and great development of local construction industry in a combined way and realizing a win-win result with local governments. Xinjiang Qiankun Group and GMC Kashgar Co., Ltd. have engaged in the construction of "Guangzhou New City", forming a strategic layout of "One New City Driven by Two Enterprises"; the headquarters of Jieyang Construction Engineering Co., Ltd., Foshan Construction Engineering Co., Ltd., Qinzhou Construction Engineering Co., Ltd., GMC Dongguan Co., Ltd. and Shanwei Construction Co., Ltd. have been set up; and the cooperation with enterprises in Zhaoqing, Yunfu, Zhanjiang, Guangxi Nanning and the Fourth Agricultural Division of Xinjiang Production and Construction Corps and the Fifth Agricultural Division of Xinjiang Production and Construction Corps will soon be implemented.
In addition, GMC has continued the reform and development of the enterprise and expanded its business scale through takeover, mergers and acquisitions, restructuring and other means, gradually shaping a new pattern of a complete industrial chain. We took over Jinbo Group smoothly in 2018, reorganized the Guangzhou Design Institute strategically to establish Guangzhou Design Institute Group Co., Ltd. in 2019 and integrated landscaping companies such as Guangzhou greening company, garden construction company, flowers and trees company, Guangzhou Landscape Architecture Design & Research Institute and Guangzhou Minghui Landscape Technology Development Co., Ltd. in the same year to found a landscape ecological group. GMC has made a major breakthrough in reorganization and acquisition, providing a "new engine" for leapfrog development of the Group.

Prefabricated Building, Holding high the Banner of "Smart Manufacturing in the Bay Area"
GMC actively responds to the call of China to speed up the industrialization of new prefabricated buildings. We take the development of prefabricated buildings as the focus of development transition, take the lead in introducing and drawing on international advanced prefabricated building technology, and strive to promote the coordinated development of smart construction and building industrialization.  "Bay Area Smart Building" Factory of GMC, located in Xiji Island, Huangpu District, is a "Green Building Technology Innovation Exhibition Platform in Guangdong-Hong Kong-Macao Greater Bay Area" jointly built by GMC, Ministry of Housing and Urban-Rural Development and Hong Kong Construction Industry Council, and was awarded the title of "National Prefabricated Building Industrial Base" by the Ministry of Housing and Urban-Rural Development in November 2017. The Factory is the largest and most technologically advanced prefabricated building industry base in South China, with an annual design capacity of 200,000 m³. Among them, the "Bay Area Smart Building" Factory's first fully prefabricated municipal bridge project in Guangdong Province - Speedup Upgrading Project of Fangcun Avenue South, adopts fully prefabricated construction technology, with a prefabrication rate of 90%. We took only one year to complete the 1.2-kilometer bridge construction of the project, which was two years ahead of the estimated construction period and greatly improved the construction speed. Guangzhou International Campus of South China University of Technology, another masterpiece of GMC, is the first project in Guangzhou with the largest prefabricated building area exceeding 150,000 m² and meeting the Grade A rating standard. Thanks to the mature prefabricated building construction technology, the 500,000 m² project was completed in less than one year, even creating a Guangzhou speed of 4.5 days per floor.

 
 
In recent years, GMC has also closely followed the development trend of international and domestic construction industry. By exploring and practicing the "new design, new construction, new operation and maintenance" of digital building, we take the proved, reliable and suitable "technical standard system for prefabricated buildings" as the "body" and the development of "EPC mode" and "BIM technology" as the "two wings" to establish a "GMC model" of prefabricated green building characterized with "safe structure, reliable technology, convenient construction, and high cost efficiency", leading the "comprehensive transformation of prefabricated buildings in South China.

 
Scientific & Technological Innovation, Marking the Monument of "China Construction"
GMC stands at the forefront of the development of the times, recruits talents, and gathers the "driving force" of scientific and technological innovation. The core technologies and new material R & D technologies for comprehensive construction such as super high-rise buildings, underground space development and large public buildings independently developed by the GMC are now leading this field. Among them, the technology of "ultra-high performance concrete (UHPC)" and "vibration-free self-compacting ultra-high performance concrete one-time pumping" applied to Canton Tower has broken the unique manufacturing and installation problem of giant oblique grid steel pipe columns in the world; the technology of "ultra-high performance concrete (C100) ultra-high pumping 400m" for Guangzhou International Financial Center has reached the international leading level, creating a new world record of ultra-high pumping of concrete of this strength grade.
Over the past 71 years, GMC has built numerous high-quality construction projects with the spirit of "craftsmanship" that is striving for excellence, and has won many honorary titles such as National Advanced Construction Enterprises and National Advanced Construction Enterprise of Science and Technology Progress and Technological Innovation. At present, GMC has 41 high-tech enterprises, 4 post-doctoral research centers, 1 national engineering center, 611 invention patents, and wins 39 Luban Prizes (the highest quality award in China's construction field), 30 Tien-yow Jeme Civil Engineering Prizes, 47 National Municipal Golden Cup Demonstration Project Prizes, 54 National Quality Project Awards, and 38 National Excellent Landscape Engineering/Design Awards. Behind the fruitful achievements of scientific and technological innovation is the inevitable result of GMC's rich experience and long-standing accumulation, the comprehensive embodiment of our soft and hard strength, and the vivid illustration of the our adherence to the strategy of high quality.

Commitment to the Society, Highlighting the Nature of "State-owned Enterprise Responsibility"
The solidarity spirit and the fighting spirit of GMC have formed the enterprise spirit of "built mansions of millions, leaving beauty world" with dedication and striving for success as the core. Over the years, GMC has adhered to the concept of sharing development achievements with society, actively assumed social responsibility, and contributed to society with practical actions. GMC engaged in the construction of "Guangzhou New City" in Kashgar, Xinjiang, poverty alleviation and rural revitalization in Bijie, Guizhou, rescues after the Wenchuan Earthquake and Shenzhen "Landslide Accident", relief in Typhoon Hato, completing the earth leveling project for Zhongluotan's purchased and reserved land and expansion project of Guangzhou Eighth People's Hospital in fighting COVID-19 in 2020, as well as the construction of Xinjiang shelter medical isolation point, epidemic prevention and isolation emergency project in Liwan District, and temporary dormitory emergency project for Fangcun epidemic prevention personnel, etc. in 2021. GMC was praised as the team "especially capable of fighting", demonstrating the sense of social responsibility of the state-owned enterprise and the spiritual realm of serving the country and the people.
In 2021, the start of the 14th Five-Year Plan and also the centenary of the CPC, GMC is gloriously and successfully listed as the Global 500, and will embark on a new journey towards a world-class urban public service investment operator with international competitiveness. Looking forward to tomorrow, at the new historical starting point, GMC will strive to create a new glory of the Group's high-quality development, and continue to create the legend of architecture in the Guangdong-Hong Kong-Macao Greater Bay Area.
 
Prepared and issued by│Party-Mass Work Department of the Group, Huang Silin, Zhang Xiaoqi