Recently, updates on the "Management Team" section of the Suhao Holdings Group official website showed that Yang Qingfeng has officially taken office as President, Deputy Secretary of the Party Committee, and Director of Suhao Holdings Group. Previously, he served as Deputy Secretary of the Party Committee and General Manager of the Jiangsu Provincial Culture and Technology Holding Group. In this personnel adjustment, former President Chen Shu stepped down upon reaching the age of 60.
Public records show that Yang Qingfeng was born in January 1974, from Xuzhou, Jiangsu. He holds a postgraduate degree and a doctorate, and is a Senior Economist and Senior International Business Manager. Yang Qingfeng has rich management experience in Jiangsu provincial state-owned enterprises. He previously served as Chairman and General Manager of Jiangsu Shuntian International Group, General Manager of Jiangsu High-tech Investment Group, President of Jiangsu Huihong International Group, and Deputy Secretary of the Party Committee and General Manager of Jiangsu Cable. After the Jiangsu Provincial Culture and Technology Holding Group was established in October 2025, he became the first Deputy Secretary of the Party Committee and General Manager the following month, marking this new appointment.
Yang Qingfeng's arrival coincides with the critical period of Suhao Holdings Group accelerating integrated development. In July 2023, based on the decision of the Jiangsu Provincial Party Committee and Government, Suhao Holdings Group and four other large provincial state-owned enterprises underwent restructuring and integration, and the new Suhao Holdings Group officially launched. This is the most extensive, strongest, and most systematic and complete reform to date involving Jiangsu provincial state-owned enterprises. After restructuring, Suhao Holdings Group's strength increased significantly, with nearly 400 enterprises under its umbrella at various levels, 25,000 employees, and total assets and annual revenue both breaking through the 100 billion yuan mark.
In Suhao Holdings' 100 billion yuan industrial landscape, advanced manufacturing is an important pillar, while the tire business is the core engine of this segment. In June 2025, Suhao Holdings acquired 24.5% equity held by Hongdou Group in Tongyong Shares for 2.118 billion yuan, becoming its controlling shareholder. The actual controller changed to the Jiangsu Provincial SASAC, setting a precedent for Jiangsu provincial state-owned enterprises to control private listed tire companies.
Tongyong Shares is one of the leading enterprises in China's national tire industry. It possesses three major production bases in China, Thailand, and Cambodia. Products include all-steel radial tires, semi-steel radial tires, engineering tires, etc., exported to over 100 countries and regions worldwide, and it has forward-lookingly deployed new energy green tires such as Qianlima EV.
After Suhao Holdings took over, it brought significant resource empowerment to Tongyong Shares. Relying on Suhao's supply chain network covering over 160 countries and regions and qualification for the integrated domestic and foreign trade pilot, Tongyong Shares accelerated breakthroughs in international trade barriers, with its overseas expansion pace quickening. Meanwhile, under the governance model of "State-owned enterprise standardization + Private enterprise efficiency", Tongyong Shares' bases in Thailand and Cambodia saw strong sales and production. In 2025, the company's revenue reached 8.497 billion yuan, a year-on-year increase of 22.11%. In the future, Tongyong Shares will continue to advance the "5X Strategy", striving for 5 major production bases and a production capacity of 50 million units.
With Yang Qingfeng's new appointment, market expectations are that the new management team will further coordinate the resources of the 100 billion yuan state-owned enterprise, promoting the advanced manufacturing sector represented by Tongyong Shares to advance towards a technology-driven, service-oriented global enterprise, releasing greater industrial momentum.
