Potevio

Potevio Group Corporation is a Chinese telecommunications hardware manufacturing company.[3] It was one of the 102 state-owned enterprises that is supervised by the State-owned Assets Supervision and Administration Commission of the State Council.[4] Potevio Group Corporation is the parent company of Potevio Co., Ltd..

Potevio Group
FormerlyPTIC
Typestate-owned enterprise
Founded1980[1]
Headquarters
Beijing
,
China
Area served
mainland China
OwnerChinese Central Government
Number of employees
53,000[2]
ParentChina Electronics Technology Group
SubsidiariesPotevio Co., Ltd.
Potevio Group
Simplified Chinese中国普天信息产业集团有限公司
Potevio Co., Ltd.
Simplified Chinese中国普天信息产业股份有限公司

In 2021, it was reported that Potevio had been absorbed into China Electronics Technology Group (CETC).[5]

Subsidiaries

Potevio Group is the parent company of 5 listed companies: Shanghai Potevio (SSE:600680), Eastern Communications (SSE:600776), Nanjing Putian Telecommunications (SZSE:200468), Chengdu Putian Telecommunication Cables (HKEX:1202) and Eastcompeace Technology (SZSE:002017).[6]

Controversies

As of 2015, Potevio Group's subsidiary Potevio Co., Ltd. owned 39.04% stake of Puhua Investment as the largest shareholder.[7] Puhua Investment was infamously linked to Xiao Jianhua as part of his business empire, Tomorrow series of companies (Chinese: 明天系),[8][9] who brought the Pacific Securities to float in the Shanghai Stock Exchange.[10]

Puhua Investment was a minority shareholder of another securities broker New Times Securities, which was part of the Tomorrow series of companies.[11]

References
  1. 发展历程 (in Chinese (China)). Potevio. Archived from the original on May 2, 2012. Retrieved February 1, 2019.
  2. Potevio puts focus on manufacturing in ME
  3. Shih, Gerry. "With state subsidies and a firm hand, China races ahead with electric transport". Washington Post. ISSN 0190-8286. Retrieved 2021-04-19.
  4. "央企名录" [List of Central SOEs]. Official website of SASAC (in Chinese). 20 December 2016. Retrieved 10 February 2017.
  5. "CETC starts integrating Potevio". Janes.com. Retrieved 2022-03-30.
  6. 上市公司概要 (in Chinese (China)). Potevio Group. Retrieved February 2, 2019.
  7. "普华投资有限公司20%国有股权" (in Chinese (China)). Shandong Property Rights Exchange Center. 2015. Archived from the original on October 9, 2015. Retrieved February 10, 2017.
  8. 哈尔滨银行存款下滑盈利能力倒退 明天系暂未离场. 投资时报 (in Chinese (China)). September 7, 2018. Retrieved February 1, 2019 – via Sina news portal.
  9. "明天系"与中小银行. jrj.com.cn (in Chinese (China)). September 4, 2013. Retrieved February 1, 2019.
  10. "For One Tiananmen-Era Student, a Very Different Path to Power". The New York Times. June 4, 2014. Retrieved February 1, 2019.
  11. 打慈善的幌子卖股权信托. Guangzhou Daily (in Chinese (China)). April 15, 2012. Retrieved February 1, 2019 – via ifeng.com.
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