We are an established integrated residential and commercial property developer in the PRC, focusing in the Guangdong and Hunan provinces. Started with property projects in Dongguan, we have gradually spread to Heyuan, the Yangtze River Delta Urban Cluster (which includes Anhui Province, Jiangsu Province and Zhejiang Province) and the Yangtze Mid-stream Urban Cluster (which includes Hubei Province, Hunan Province and Jiangxi Province). In 2018, the total contracted sales of our Group, together with our joint venture, achieved a 97.7% year-on-year growth and amounted to RMB2,562.4 million. According to JLL, in terms of contracted sales among the top 100 local property developers, our Group, together with our joint venture, ranked 28th in Dongguan (with market share of 0.6%), 63rd in Changsha (with market share of 0.4%) and 39th in Hefei (with market share of 0.6%), and accounted for 1.3% and 0.8% of the market share in Heyuan and Hengyang respectively. Having been recognized by the market, we are dedicated to offering quality integrated properties to our customers. We also offer properties promoting specific industry(ies) encouraged by local government authorities.
Our history can be traced back to 2004 when Dongguan Huijing Real Estate, the predecessor of our major subsidiary, Huijing Group, was established and when Dongguan Huijing Real Estate obtained the pre-sale permits for Huijing Villa (First Phase) ( 滙 景 豪 庭 第 一 期 ). Leveraging on our ability to provide quality residential properties to our customers, we commenced the construction of our first integrated development Huijing City (滙 景 城 ) in 2011 in Dongguan.
We and our property projects have been awarded various accolades from different organizations including the "Exquisite Taste Luxury Home Award"( 頂 級 品 味 豪 宅 獎 ) awarded by Wen Wei Po ( 文 匯 報 ), the Hong Kong Institute of Architects, and the Hong Kong Institute of Designers in 2010, "Dongguan's Most Influential Brand Real Estate Enterprises" ( 東 莞 最 具 影 響 力 品 牌 房 企 ) by Sohu ( 搜 狐 網 ) in 2014, and "Anhui Top-10 City Complex Annual Award"( 安 徽 年 度 十 佳 城 市 綜 合 體 ) by the Graduate School of Real Estate of Hefei University ( 合 肥 學 院 房 地 產 研 究 所 ) in 2016.
We believe that our strong brand recognition, in particular in Dongguan, together with our land sourcing strategy and cost control measures, have contributed to our growth. For each of the years ended December 31, 2016, 2017 and 2018 and the six months ended June 30, 2019, we delivered properties with an aggregate GFA of 260,356 sq.m., 107,576 sq.m., 211,429 sq.m. and 130,467 sq.m. respectively, and recorded a revenue generated from the sale of properties of approximately RMB2,092.7 million, RMB1,197.8 million, RMB2,238.5 million and RMB1,314.7 million, for the respective years. Over the same periods, we, together with our joint venture, recorded contracted sales of RMB1,999.5 million, RMB1,296.1 million, RMB2,562.4 million and RMB1,598.4 million, with contracted sales GFA of 187,192 sq.m., 138,440 sq.m., 214,264 sq.m. and 121,238 sq.m..
updated 31st December, 2019
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