Yantai CIMC Raffles Ocean Technology Group (CIMC Raffles Group), established in May 2022, is funded by CIMC Group (holding 83.3%) and Yantai Guofeng Group (holding 16.7%).
It has subsidiaries such as Yantai CIMC Raffles Offshore Ltd., Haiyang CIMC Raffles Offshore Ltd., Longkou CIMC Raffles Offshore Ltd., CIMC Offshore Engineering Institute Ltd., CIMC Blue Ocean Technology Ltd., CIMC Offshore Solar Technology(Yantai)Co. Ltd., and Jihai Innovation(Shandong)Marine Technology Co. Ltd.