| Potevio Group | |
| Type: | state-owned enterprise |
| Founded: | 1980[1] |
| Former Name: | PTIC |
| Hq Location City: | Beijing |
| Hq Location Country: | China |
| Area Served: | mainland China |
| Num Employees: | 53,000[2] |
| Owner: | Chinese Central Government |
| Parent: | China Electronics Technology Group |
| Subsid: | Potevio Co., Ltd. |
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..
In 2021, it was reported that Potevio had been absorbed into China Electronics Technology Group (CETC).[5]
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]
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,[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, which was part of the Tomorrow series of companies.[11]