Management Status of Supply and Marketing Cooperatives in Hubei Province

Hubei supply and marketing cooperatives not only provide industry guidance, coordination, supervision and service to Hubei supply and marketing cooperatives system, but also exercise the responsibilities of social asset investors at the same level and are responsible for the operation and supervision of social assets at the same level. In June 2004, the provincial government approved the establishment of "Hubei Supply and Marketing Cooperatives Joint State-owned Assets Management Company", and the preparation for listing is in progress. In 2003, the holding and wholly-owned enterprises of Hubei Supply and Marketing Cooperative were Hubei Yinfeng Industrial Group Co., Ltd., Hubei Cotton Co., Ltd., Hubei Agricultural Production Materials Corporation, Xunlimen Hotel, Hubei Guizhen Tea Company, Hubei Life Materials Corporation, Hubei Supply and Marketing Storage and Transportation Corporation, Hubei Renewable Resources and Materials Corporation, Hubei Innovative Real Estate Development Co., Ltd., etc. There are 2294 employees in enterprises directly under the provincial agency. Business involves cotton trade, textile, agricultural materials, catering, hotels, tea, fireworks, warehousing, transportation, renewable resources, real estate and other fields. The total assets of each enterprise reached 3.599 billion yuan and the net assets reached 535 million yuan. In 2003, the sales revenue reached 654.38+03 billion yuan and the profit reached 27.26 million yuan. Hubei Yinfeng Industrial Group Co., Ltd. was recognized as a national key leading enterprise in agricultural industrialization, and Hubei Agricultural Means of Production Corporation and Xiangmanlou Dairy Company, which were held by Yinfeng Group, were recognized as provincial key leading enterprises in agricultural industrialization by Hubei provincial government.