New Pearl Group

Overview

Ye Delin founded New Pearl Group in 1993 in Foshan, Guangdong, scaling it into one of China's largest ceramics and sanitary ware manufacturers. His wife, Li Yao, co-owns the family wealth, and his son Yongkai Ye serves as Vice President. The operating business produces ceramic tiles and related building materials across multiple massive production bases in Guangdong, Jiangxi, and Chongqing. The group has not publicly disclosed a dedicated investment vehicle, but its corporate and family capital deployment focuses on two tracks: heavy investment in its own industrial real estate footprint—including the Foshan Sanshui and Zhaoqing production bases—and strategic equity partnerships with major Chinese enterprises. A notable relationship is with Midea Group, a strategic investor in New Pearl and a partner in lighting technology. The firm also counts Evergrande Group as a major customer and real estate development partner, linking its fortunes directly to China's property sector. The Ye family's economic scale is grounded in physical production capacity across China. Ye Delin's influence extends into policy and industry governance through his seat on the Standing Committee of the Guangdong Provincial People's Congress and his executive committee role at the All-China Federation of Industry and Commerce. The family's key production asset is the Yongchuan Smart Green Production Base in Chongqing, signaling ongoing capital expenditure in modernized manufacturing infrastructure. New Pearl's structure is distinct as a corporate investor where the family's balance sheet and the operating company's are deeply interwoven. There is no separate family office entity on public record. The investment function is inseparable from the industrial strategy—capital is recycled into adjacent manufacturing capacity, real estate for production, and strategic corporate minority stakes. The family's philanthropic giving occurs through direct donations attributed to Ye Delin, without a visible formal foundation separating these activities from the core business.