Sichuan Shuangma (000935.SZ)

 

Sichuan Shuangma Cement Co., Ltd. (“Sichuan Shuangma) is currently the largest and best-performing cement producer in Southwest China, as well as a comprehensive company covering cement production, cement products, packaging products, hydroelectric generation, new building materials and warehousing. So far, IDG has gained control over Sichuan Shuangma and included it into its private equity investment management business.

During H1 2018, Sichuan Shuangma, which was principally engaged in cement, private equity investment management and sports-related training business, achieved a net profit attributable to the shareholdersof RMB 293 million, up 486% year-on-year. Its two private equity funds, Henan Harmonious Jinyu Industries Investment Fund (Limited Partnership) and Yiwu Harmonious Jinhong Equity Investment Partnership (Limited Partnership), have basically completed fund raising, which amounts to approximately RMB 20 billion in total.