Baoye Group Co., Ltd. was founded in 1974, formerly known as the “Shaoxing County Yangxunqiao People's Commune Construction Service Team”. It became the first comprehensive private construction enterprise (02355.HK) to be listed on the main board of the Hong Kong Stock Exchange on June 30, 2003. It is a national May Day Labor Award recipient, a national housing industrialization base, and owns the Construction Engineering and Housing Industrialization Research Institute of the National Construction Engineering Technology Research Center. Today, Baoye is no longer Baoye's Baoye, but Baoye, a shareholder of Baoye shares in the world. Famous international capital and industrial investors such as Goldman Sachs, Tiger Fund, HSBC Securities, JP Morgan, Value Partners, Xijing Investment, and Daiwa Housing have successively become shareholders and partners of Baoye; it has been ranked among the top 500 taxpayers of all Chinese enterprise groups announced by the State Administration of Taxation for many years. The company is mainly engaged in the three major businesses of construction, real estate development, and housing industrialization (research and manufacture of century-old low-carbon industrial housing), and also invests in the hotel, golf, tourism and other industries. By integrating the Anhui Tractor Factory and 12 enterprises belonging to the Hubei Provincial Construction General Assembly, it has successfully laid out the three major regional markets of Jiangsu, Zhejiang, Shanghai, Anhui, and Hubei. Over the past ten years, the company has focused on the industrialization of energy-saving and environmentally-friendly housing. It has independently developed three types of century-old low-carbon industrial housing with various specifications, which are widely used in domestic and foreign markets, and pioneered the implementation of the low-carbon economy concept promoted at the Copenhagen Conference. Looking forward to the future, the company will continue to focus on the core of the corporate culture of “enterprise, market, and society” to contribute to transforming and upgrading the traditional construction industry, so that housing industrialization can truly become another new type of advanced manufacturing industry after automobiles and home appliances.