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Development Course

Development Course

Founded in September 1986, Shenzhen Building Decoration (Group) Co., Ltd. (SHENZHUANG GROUP for short) is one of the enterprises with the “Double Class-A” and “Double First Grade” Qualifications approved by the Ministry of Housing and Urban-rural Development of the state at the earliest. Its engineering business has spread all over the country, expanded overseas and gone into the world. SHENZHUANG GROUP is a pilot unit in the first batch of state-owned enterprises reform in Shenzhen. Its sound operations for more than 30 years, steady increase in performance, harmonious enterprise operations and other features all have been unanimously recognized in the industry and make it always take the lead in the industry of building decoration and be awarded hundreds of national awards. It is one of the enterprises which have won the most national awards such as “China Construction Project Luban Award” and “China Building Engineering Decoration Award”.

1、Company Establishment in 1986  

On August 28, 1986, Shenzhen Municipal People’s Government General Office approved the establishment of the company by S.F.B. [1986] No.564 official document, The Reply on Establishment of ‘Shenzhen Building Decoration General Contracting Company’. The competent authority was Shenzhen Municipal People’s Government Infrastructure Office. On September 20, 1986, upon the approval of Shenzhen Municipal Industrial and Commercial Administration, Shenzhen Building Decoration General Contracting Company was set up.

2、Change of Company’s Name in 1990

With the approval of Shenzhen Municipal People’s Government General Office by S.F.B. [1990] No.197 official document, The Reply on Change of the Name of Shenzhen Building Decoration General Contracting Company, on April 27, 1990, Shenzhen Municipal Industrial and Commercial Administration approved the company to change its name into Shenzhen Building Decoration Corporation.

3、Renaming Once Again in 1998  

On March 2, 1998, Shenzhen Municipal Industrial and Commercial Administration approved the company to formally rename as Shenzhen Building Decoration (Group) Co., Ltd.. The formed Shenzhen Building Decoration (Group) Co., Ltd. had 10 core enterprises and member companies: Shenzhen Building Decoration Corporation, Shenzhen Decoration Engineering Industry Corporation, Shenzhen Hongtao Decoration Engineering Company, Shenzhen Liyuan Building Design and Decoration Engineering Company, Shenzhen Xintiandi Decoration Engineering Company, Shenzhen Maohua Decoration Engineering Company, Shenzhen Building Decoration Corporation Beihai Company, Shenzhen Building Decoration Corporation Weihai Company, Shenzhen Building Decoration Corporation Hainan Branch and Shenzhen Building Decoration Corporation Xinan Company; and owned 2 shareholding enterprises: Shenzhen Construction Group Finance Co., Ltd. and Shenzhen Xinyihua Building Decoration Engineering Co., Ltd..

4、Reform of State-owned Enterprise in 1999

In 1999, Shenzhen Building Decoration (Group) Co., Ltd. (hereinafter referred to as “SHENZHUANG GROUP” for short) started the reform as a pilot unit in the first batch of reform of state-owned enterprises in Shenzhen. Until September 29, 2003, SHENZHUANG GROUP experienced a long journey of reform for almost five years. As one of the six pilot units in the first batch of overall restructuring of state-owned enterprises in Shenzhen, all the operators and employees of SHENZHUANG GROUP undertook the state-owned shares and the reform was successful. On December 3, 2003, Shenzhen Municipal Industrial and Commercial Administration approved the change of shareholding after the reform.

5、Transformation and Upgrading in 2010

In March 2010, Shenzhen (Chizhou) Industrial Park Co., Ltd., a wholly-owned subsidiary of SHENZHUANG GROUP, was established in Chizhou City, Anhui Province. This is one step of realizing the business strategy planning of “placing the headquartered in Shenzhen, conducting research and development in colleges and universities, setting up the base in Chizhou and aiming at the global market” by giving full play to the advantages of the upstream and downstream industrial chain of the main business of SHENZHUANG GROUP for transformation and upgrading.

6、Increase in Capital and Shares in 2013

On January 7, 2013, the registered capital of the company was increased from RMB 50 Million Yuan to RMB 72 Million Yuan.

7、Increase in Capital and Shares in 2016

On August 31, 2016, the registered capital of the company was increased from RMB 72 Million Yuan to RMB 116 Million Yuan.

8、Share Improvement in 2017

In June 2017, equity restructuring of the company was entirely completed. Natural person shareholder Wu Fugui became the controlling shareholder of the company and was elected as the new Chairman and Legal Representative.

9、Moving to the New Address in 2018

On March 5, 2018, the company moved to the new address located on Floor 11, 12 and 13, Tower A, Chuanglingtong Technology Building, No.1, Shihua Road, Futian Free Tax Zone.