Founded in 1986 with a registered capital of 3 billion Yuan, the Blue Sky Group is a municipal state-owned capital investment and Operation Company approved by the Yantai Municipal People's Government and has obtained AAA Enterprise Credit Rating in China. The Blue Sky Group is a large-scale comprehensive enterprise group with equal emphasis on both operation and investment, a diversified chain layout, and a market-oriented operation and management. The main business of the Blue Sky Group comprises five segments, including urban services, urban development, asset management, cultural and tourism, and energy investment. Urban services mainly include water utilities, food security, municipal administration and urban road maintenance, digital (smart) city, etc.; urban development mainly focuses on shaping distinctive urban elements and enhancing the cultural connotation of the city, and promotes urban renewal and integration of industry and city; asset management mainly focuses on building a market-oriented and professional asset management platform, carrying out disposal of non-performing assets, and promoting capitalization and securitization of assets; cultural tourism mainly focuses on tourism resources development, cultural and tourism project planning, investment, operation, hotel asset operation, etc.; energy investment mainly focuses on the development and utilization of new energy sources, participation in major energy project investment and cooperation, and exploration of “dual-carbon” industrial investment and operation.

Based on the service of urban construction and economic development, the Blue Sky Group has built up 13 core subsidiaries as the support of main business segments in “urban infrastructure construction and ancillary services, finance, cultural and tourism development, energy supply and comprehensive utilization, industrial investment, and operation”. Since the “13th Five-Year Plan”, the company has completed investment in key projects of more than 45 billion Yuan, activating all kinds of funds of more than 110 billion Yuan. The company has progressively implemented a total investment of 16.5 billion Yuan in a series of key projects at the provincial and municipal levels, which are “five-in-one” development of Zhifu Fairyland scenery spot, the cultural and tourism enhancement of the coastal area, mountain and sea trail loop, resettlement housing construction, Baishi - Timken area land consolidation, natural gas high-pressure pipeline around the city, Haiyang nuclear power, Jiangtong Guoxing 180,000 tons of copper smelting, and so on. The company invested in the establishment of numerous specialized, service-oriented high-growth enterprises in areas of distributed energy, comprehensive use of natural gas, photovoltaic power generation, and so on, participating in the landing of state-local cooperation projects such as China Railway Bohai Railway Ferry and OBTC, etc. The company holds shares in financial institutions such as Hengfeng Bank, Yantai Bank, and Zhongtai Securities, carries out financial leasing, funds, emergency refinancing, factoring, pawnbroking, property rights trading, and other financial businesses, and continues to do a good job in property management, real estate surveying and mapping, environmental protection design, rubbish classification, and other urban ancillary services. All of which mentioned above make the Group's asset quality and profitability gradually improve, and fully demonstrate the company’s core competitiveness.