Guiyang Industrial and Commercial Assets Management Co., Ltd. (Chinese: 贵阳市工商资产经营管理有限公司; short name "市工商资产公司") is a Chinese state-owned enterprise headquartered in Guiyang, Guizhou Province. It was established on 12 May 2009 by merging the former Guiyang Industrial Investment Holding and Guiyang Commercial Investment Holding companies, and it functions as a municipal government investment and asset-management platform. Ownership is entirely state-held: corporate registry filings long showed 100% ownership by Guiyang Industrial Investment Co., Ltd. (贵阳工投), with Chinese media reporting a late-2025 restructuring that transferred the company directly to the Guiyang municipal SASAC. Registered capital was raised from RMB 1.2 billion to RMB 1.5 billion; social-insurance filings list roughly 83 employees, and recruitment listings describe the workforce as 50–150 people. No revenue figures are publicly disclosed.
Its original mandate was managing and restructuring supervised state-owned enterprises, exiting distressed SOEs, and resolving legacy SOE-reform liabilities. Since a 2023 strategic restructuring, it has repositioned as an operating industrial company, with stated focus areas including mineral resources (a bauxite beneficiation and comprehensive-utilization project in Qingzhen), abrasives and refractories (brown fused alumina, high-temperature refractories), rubber and chemical products, equipment manufacturing, and new energy. It also holds equity in roughly three dozen affiliates and joint ventures, including Guiyang Hisense Electronics Co., Ltd. and Guizhou Zhanyang Heavy Industry.
Its litigation posture is defensive. The tracked data show 1 case as defendant and 0 as plaintiff. It was named a co-defendant in Flexiworld Technologies, Inc. v. Hisense Co., Ltd. et al., filed 24 June 2022 in the Eastern District of Texas before Judge Rodney Gilstrap (2:22-cv-00228), one of a set of parallel Flexiworld complaints against the Hisense corporate group. Flexiworld Technologies is characterized in the Stanford NPE Litigation Database as a patent asserter relying on acquired and failed-startup patents; the accused products are Hisense smart TVs, soundbars, and the RemoteNow app.
The company was joined alongside numerous Hisense affiliates and the Hisense group's state-owned parent, Qingdao Huatong State-Owned Capital Operation (Group) Co., Ltd. — the group's affiliated holding structure rather than its own accused products. Flexiworld subsequently dropped several Hisense affiliates and the dispute moved to the Northern District of Georgia. No other patent assertions involving this company were identified.