Why is Shandong Luneng the richest club in China? In the national power system, why is there only one Luneng engaged in football? Because Luneng is extremely rich! Because Luneng is independent from the State Power Corporation!
Why is Luneng richer than the power systems in other provinces when everyone is engaged in electricity? Because Luneng's "tertiary industries" are doing particularly well!
Although Luneng is rich, this money is definitely not earned by eating monopoly food. If Hunan friends have the opportunity to go to Jinan, they will know how prosperous Luneng's business is. Luneng owns three four-star hotels, including Du Hotel, Guiyou Hotel, and Guihe Crowne Plaza; Luneng owns several top shopping malls in Jinan such as Guihe Commercial Building and Guihe Shopping Plaza; Luneng also owns Luneng Roasted Goose, Hotel chains such as Luneng Juji King; Luneng also owns real estate properties such as Luneng Kangqiao... These are just the influential industries of Luneng in Jinan that I know of. Luneng has investments in "tertiary industries" across the country, and the main investor behind the Seter Shopping Center in Beijing is also Luneng. Luneng relies on the "tertiary industry" to support football, which can't cover the electricity bills of Shandong people.
It is particularly worth mentioning that Luneng recently built a 20,000-square-meter shopping mall "Luneng Taishan Plaza", which is located underground in the outfield of the Shandong Provincial Sports Center. Currently, Thailand's Yichu Lotus has been confirmed to be in A supermarket will be opened here. It is initially estimated that this project will bring nearly 100 million yuan in revenue to Luneng every year.
Luneng Taishan Plaza belongs to Luneng Taishan Club. Therefore, relying on this project alone, Luneng Club will definitely make a profit next year.
Shandong Luneng Group Co., Ltd. is a large-scale modern enterprise group with collective development and diversified operations. It is the core enterprise of Luneng Group. Luneng Group ranked 45th among the "Top 500 Chinese Enterprises" released in 2002, and was named "China's Top Ten Most Influential Enterprises in 2000" by the China Enterprise Confederation and the China Entrepreneurs Association. The "Luneng" brand intangible assets were assessed at 42.8 billion yuan in 2003. It has been rated as "China's Top Ten Publicly Recognized Trademarks" for three consecutive years since 2000. In 2004, it was recognized as a "China Famous Trademark" by the State Administration for Industry and Commerce.
The headquarters of Luneng Group Company consists of functional departments such as General Department, Human Resources Department, Political Work Department, Finance Department, Operation Assessment and Audit Department, and Planning and Development Department.
The main business income of the entire Luneng Group reaches 90 billion
Luneng’s assets are as follows:
(1) Power supply industry
In Shandong In the province, it owns and manages large and medium-sized power generation enterprises such as Huangtai, Laiwu, Liaocheng, Zhanhua, Yunhe, Linyi, and Yantai, and is one of the four major power generation entities in Shandong Province.
Implement the integrated development of coal power, coal power, and coal power metallurgy, and plan and build coal power bases and coal power metallurgy bases in Ningxia, Shanxi, Xinjiang, Inner Mongolia, Yunnan, Shaanxi, Fujian and other provinces , coal coking base, high-energy industrial base.
(2) Mining industry
Since 1997, it has successfully intervened in coal, gypsum, bauxite and other mineral fields. It is investing in and developing coal fields such as Heze, Jining in Shandong, Hequ in Shanxi, and Songlou in Henan, and has carried out preliminary work on coal development in some provinces.
(3) Urban infrastructure investment and real estate industry
Luneng Group is a well-known infrastructure investment developer in China. In Beijing, Hainan, Chongqing, Yibin, Jinan, Qingdao and other places, we have implemented investment and development and built a number of urban infrastructure and real estate projects with great influence.
(4) Engineering construction industry
The engineering construction team of Luneng Group enjoys the reputation of "power iron army" nationwide and has participated in a large number of capital construction projects at home and abroad. It has the nuclear pressure equipment installation qualification issued by the Ministry of Nuclear Industry. It is the first domestic enterprise to undertake the conventional island project of nuclear power plants, and has undertaken the conventional island installation projects of Guangdong Daya Bay and Ling'ao nuclear power plants. In 2003, we won the general contracting bid for the supporting thermal power station project of CNOOC and Shell's Nanhai Ethylene Project and became the only domestic EPC contractor for the Nanhai Ethylene Project. Won the general contracting bid for the Castle Peak Power Plant project in Hong Kong. Conducted preliminary work for the Beech Power Plant project in Pennsylvania, USA. Invest in the construction of Jinan-Heze expressway project.
(5) Financial securities industry
Luneng Group has complete financial functions such as banking, trust, securities, funds, futures, and insurance brokerage. He is the second shareholder of Hua Xia Bank and the third shareholder of Bank of Communications. They are the first shareholders of Xiangcai Securities Company and Weishen Securities Company respectively. It holds holdings and operates Yingda International Trust and Investment Company, Shandong Jinsui Futures Company, and Luneng Insurance Brokerage Company. It is the first company in the country to initiate the establishment of Hefeng Fund Management Company as a non-financial institution. It controls and operates two listed companies, "Luneng Taishan" and "Jinma Group", and indirectly participates in two listed companies, "Jingxi Tourism" and "Nankai Gold".
(6) High-tech industry
The high-tech industry of Luneng Group has formed three major high-tech enterprise groups: science and technology park, enterprise-school cooperation and information communication.
It has the province's optical cable backbone network and power communication transmission network. It has the largest cord blood bank in China and stem cell bioengineering has begun clinical application.
Established joint ventures with well-known Chinese universities such as Shandong University, Sichuan University, and Nankai University to cooperate in high-tech research, achievement incubation, and industrialization.
(7) Sports industry
It owns two clubs, Luneng Taishan Football Club and Luneng Table Tennis Club. In 1999, the Luneng Taishan Football Team won the first "double championship" of the A-League and the Football Association Cup in the history of Chinese football. In 2003, it successfully qualified for the Chinese Super League. The Luneng Table Tennis Men's Team won the 2002 National Table Tennis Club Super League Championship.
(8) Other industries
It owns two five-star hotels, Hainan Sanya Shanhaitian and Jinan Guihe Crowne Plaza, as well as many four-star and three-star hotels. It builds and operates many large shopping malls such as Xidan Saite Mall in Beijing, Guihe Shopping Center in Jinan, and Guihe Commercial Building. A material distribution network covering Shandong Province has been established integrating procurement and supply, complete sets of equipment, import and export, warehousing and distribution, and customer service. It has invested 1,000 acres of capital to build the "Luneng Industrial Park". Currently, six Chinese and foreign joint ventures have entered the park for development. Among them, the lighter factory project has gone abroad and has been built and operated in Brazil.
Among Luneng’s hundreds of subsidiaries, Luneng Taishan Football Club can only be considered a junior at best.
In the past few years, Luneng Club has invested heavily, mainly in the infrastructure construction of Luneng Base and Luneng Football School. Now that these infrastructure constructions have been basically completed, the investment will definitely drop significantly, and Luneng Football School has also reached a period of seeing benefits.
Even if Luneng Club invests 100 million a year, what does this mean to a large group with an annual operating income of 90 billion?
In China, Luneng’s annual investment cannot even enter the top three. Shide, Guoan, and Shenhua all invest more than Luneng every year. Why does no one question their money?
Luneng’s investment has seen benefits, and the club has achieved good results, but what about other clubs? The money is wasted, why is no one taking care of it?