estate. The annual turnover exceeds RMB 500 million yuan and the comprehensive strength has listed in top ten enterprises in water supply industry in China. As a large scale state-owned enterprise majoring in water service, it has annually invested RMB 100 million yuan in recent years in construction of water supply projects in keeping pace with the expansion and renovation of the City of Changsha in order to guarantee the all-out requirements of water supply  for the city development. Meanwhile, it has made great efforts to develop the tertiary industry to gradually achieve the development strategy for the diversified economy. Above 40% of the business income, profit and tax payments, redirecting employed people and income of staff members comes from the tertiary industry. Since 1999, the total tax and profit payment has been over RMB 30 million yuan for 8 years continuously; since 2003, the total tax and profit payment has been hit RMB 50 million yuan for 4 years continuously. Through standardized operation and scientific management, it has achieved both social and economic benefits, making positive contributions to the urban construction of the capital city of Hunan Province and the improvement of the people's living environment. The water supply service level and business scope have been promoted significantly. It has been awarded over 140 prizes of national level, provincial level and municipal level including ˇ°National Advanced Unit of Civilized Industryˇ±, ˇ°National Advanced Unit of Construction Technological Innovationsˇ±, ˇ°CIMS Application Model Enterprise of National 863 Projectˇ±, ˇ°:Excellent Enterprise of Hunan Provinceˇ±, Top 100 Enterprises of Tax Payment in Hunan Provinceˇ± ,ˇ°A-grade Enterprise of Honesty Tax Payment in Hunan Provinceˇ± and so on.
With the approach of another new round of development, the Changsha Water Service Investment & Management Co.,Ltd will be establishing and perfecting corporate governance structure, improving authorized management system, readjusting the idea of operation and development, giving full scope to the main functions of investment and financing, carrying out active exploration of effective  ways in terms of state-owned assets supervision and investment operation., promoting an all-round business service and management level as well as the development strategy diversified economy continuously. Through diversified operators of investment and diversified operation of investment, the Changsha Water Service Investment & Management Co.,Ltd will be striving for the all-around, coordinative and sustainable development, making new contributions to the economic booming of the capital city of Hunan Province and the long-term development of water supply service. |
out of Changsha Water Supply Corporation which was set up in 1951. After integral restructuring of enterprise in January, 2005 and authorized by Changsha Municipal People's Government, it has become a large scale state-funded investment corporation with such functions as investment operation of state-owned assets, share management of state-owned capital as well as industrial investment.