Core Viewpoint - Beijing State-owned Enterprise Zhuzong Group has undergone significant leadership changes, with Zhang Suoquan appointed as the new Party Secretary and Director, indicating a strategic shift aimed at enhancing the integration of real estate and engineering sectors amid economic pressures and industry adjustments [1][2]. Group 1: Leadership Changes - Zhang Suoquan has been appointed as the Party Secretary and Director of Beijing Zhuzong Group, while former leader Xie Fuhai has been reassigned [1]. - Zhang Suoquan is a seasoned urban construction manager with extensive experience in investment and engineering within the Beijing construction system [1]. - The leadership change is part of a broader strategy to align with the "14th Five-Year" development plan and optimize the group's structure [1][2]. Group 2: Financial Performance - In the first half of the year, Beijing Zhuzong Group reported revenues of 22.023 billion yuan, remaining stable compared to the previous year, while total profits decreased by approximately 36% to around 350 million yuan [2]. - The company is focused on meeting annual targets, emphasizing revenue and profit metrics, and accelerating payment collections to ensure successful completion of yearly objectives [2]. Group 3: Strategic Adjustments - The leadership transition is seen as a continuation of the restructuring initiated in 2019, aimed at fostering leading construction enterprises and enhancing industry concentration [2]. - To address competition issues post-merger with Beijing Urban Construction Group, Zhuzong Group is actively pursuing internal integration and structural adjustments [2][3]. - The company has integrated its real estate development operations by merging Beijing Zhuzong Real Estate Development Co., Ltd. with Beijing Zhuzong Real Estate Co., Ltd. [3].
北京住总换帅:张锁全接棒,强化地产板块统筹与工程板块融合
Xin Jing Bao·2025-11-11 14:15