C&D Inc.

Xiamen C&D Inc. (stock code: 600153.SH) is described on its official site as a core member enterprise of Fortune Global 500 company Xiamen C&D Group Co., Ltd., and as a modern service enterprise with supply chain operations and real estate development as its dual main businesses. Its business began in 1980, and in June 1998 it was initiated and established by Xiamen C&D Group Co., Ltd. and listed on the Shanghai Stock Exchange. The company states that it has set up more than 80 overseas companies and offices globally and established business relationships with more than 170 countries and regions. For 2025 it reports operating revenue of RMB 671.270 billion, total assets of RMB 733.124 billion, and net assets of RMB 184.367 billion. In supply chain operations it positions itself as a trustworthy global resilient supply chain partner, with advantages in steel, pulp and paper, agricultural products, consumer goods, minerals, energy and chemicals, non-ferrous metals, and emerging industries. In real estate it follows a strategy of national layout, regional focus, and city deepening, with a presence in core city clusters such as the West Coast Economic Zone, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area.

According to the company profile on its official website, Xiamen C&D Inc. (stock code: 600153.SH) is a core member enterprise of Fortune Global 500 company Xiamen C&D Group Co., Ltd., and is a modern service enterprise with supply chain operations and real estate development as its dual main businesses. Its business began in 1980, and in June 1998 it was initiated and established by Xiamen C&D Group Co., Ltd. and listed on the Shanghai Stock Exchange. The company states that since listing it has operated steadily and continued to develop and deepen domestic and international markets. It states that it has set up more than 80 overseas companies and offices globally and established business relationships with more than 170 countries and regions. For 2025 it reports operating revenue of RMB 671.270 billion, total assets of RMB 733.124 billion, and net assets of RMB 184.367 billion.

• 2025

  Achieved operating revenue of RMB 671.270 billion, total assets of RMB 733.124 billion, and net assets of RMB 184.367 billion.

• 1998

  Founded by Xiamen C&D Group Co., Ltd. in June and listed on the Shanghai Stock Exchange (600153.SH).

• 1980

  Business operations begin.

A trusted global partner for resilient supply chains

• Supply chain operations

  Covers steel, pulp and paper, agricultural products, consumer goods, minerals, energy and chemicals, non-ferrous metals, and emerging industries.

• Real estate development

  Focuses on building 'good houses' with a national layout, regional focus, and deep urban cultivation strategy.

• Financial services

  Provides financial services as part of its business portfolio.

• Industrial investment

  Engages in industrial investment activities.

• 2023

  Controversy over paper losses from acquisition of Red Star Macalline

  In 2023, Jianfa Shares acquired a 29.95% stake in Macalline for 6.286 billion yuan. Later, Macalline's 2022 financial report was penalized by the Ministry of Finance for asset accounting errors and retroactively corrected, casting doubt on the acquisition valuation. Macalline continued to lose money, and Jianfa faced an unrealized loss of about 2.5 billion yuan and suspended payment of the remaining balance. In 2025, Macalline founder Che Jianxing was placed under investigation and detained. Suspension of final payment.

  Source

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• 2020.11.20

  C&D Inc. subsidiary terminates proposed control acquisition and share subscription in Hecheng[5]建发股份子公司终止收购合诚股份控制权及认购其非公开发行股票house.cnfol.com

  C&D Inc.'s subsidiary Lianfa Investment terminated its proposed acquisition of control of Hecheng and its planned subscription for Hecheng's non-publicly issued shares after the transaction's agreed conditions were not met.

• 2020.04.23

  Reported2020.04.23

  C&D Inc. elects Zheng Yongda as chairman[6]建发股份选举郑永达为董事长finance.sina.com.cn

  C&D Inc.'s board elected Zheng Yongda as its new chairman, with his term running until the end of the eighth board's term.

• 2020.04.22

  Reported2020.04.23

  Zhang Yongfeng resigns as chairman and director of C&D Inc.[6]建发股份选举郑永达为董事长finance.sina.com.cn

  C&D Inc.'s board received Zhang Yongfeng's resignation from his posts as chairman and director; the resignation took effect when the report was delivered to the board.

• 2019.11.27

  Reported2020.03.24

  C&D Inc. wins two 2019 Transform Awards Asia-Pacific awards for LIFT[7]建发股份LIFT服务品牌荣获2019 Transform Awards亚太区两项大奖finance.sina.com.cn

  C&D Inc. received two 2019 Transform Awards Asia-Pacific awards for its LIFT supply-chain service brand identity design: gold for Best Visual Identity in Professional Services and an award for Best Brand Architecture Solution.

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1. 1厦门建发股份有限公司chinacnd.com
2. 2公司概况 - 关于建发 - 厦门建发股份有限公司chinacnd.com
3. 3Controversy over paper losses from acquisition of Red Star Macallinefinance.sina.com.cn
4. 4Controversy over paper losses from acquisition of Red Star Macallinepaper.cnstock.com
5. 5建发股份子公司终止收购合诚股份控制权及认购其非公开发行股票house.cnfol.com
6. 6建发股份选举郑永达为董事长finance.sina.com.cn
7. 7建发股份LIFT服务品牌荣获2019 Transform Awards亚太区两项大奖finance.sina.com.cn