Wuxi Industry Development Group Co., Ltd. (WIDG), the controlling shareholder of Guokai Metal (Wuxi Guokai Metal Resource Group Co., Ltd.), was established by Wuxi Municipal People’s Government in 2008. It has 78 subsidiaries which it wholly owns, controls, or holds with minor interest. Totally, the Group’s employees exceed 28,000.
In 2022, the Group’s total operating revenue made by its subsidiaries reached 91.7 billion yuan, which is 108% of the annual target. The total assets reached 106.972 billion yuan, of which the net assets 36.89 billion yuan. And the total output reached 19.069 billion yuan, which was basically unchanged year-on-year. In 2023, it ranked 166th on the List of China’s Top 500 Enterprises in terms of comprehensive strength and 79th on the List of China’s Manufacturers. What’s more, it continues to remain atop among the finalist enterprises in Wuxi.
Since its establishment, Wuxi Industry Development Group (WIDG) has studied local government strategies and industrial policies, and scientifically made its own industrial engagement plan based on its own resource endowment. Especially in recent years, the Group has maintained its focus on serving Wuxi government’s strategic goal of industrial development by deeply integrating into Wuxi’s construction of the “465” modern industrial clusters (i.e. 4 landmark industrial clusters, 6 advantageous industrial clusters, and 5 industries of the Future). And it comprehensively reconstructed its high-tech map -- the “1+4+X” industrial layout, that is, adhering to engage in “1” strategic high-tech industry; “4” leading industries of integrated circuit, Internet of Things, advanced manufacturing and green low-carbon industry so to extend and strengthen the industrial chains and build an industrial ecosystem and enhance the cluster effect; and “X” futuristic industries by steadily opening up new industrial fields, so to speed up the construction of a top tech group in China.
