Comprehensive Overview
The Group is a comprehensive residential and commercial property developer in China, focusing on Guangdong and Hunan provinces. The Group's residential properties mainly include stratified houses, terraces, single-family buildings and villas. The Group's commercial properties mainly include retail stores, shopping centers, offices and hotels.
According to JLL in 2018, based on contract sales, the group and its joint ventures ranked 28th (0.6% of market share) in Dongguan (0.6% of market share) among the top 100 local property developers, 63rd in Changsha (0.4% of market share), and 39th in Hefei (0.6% of market share), respectively accounting for 1.3% and 0.8% of Heyuan and Hengyang's market share.
Risk Factors
The Group develops and sells properties in Guangdong Province, the Yangtze River Delta urban cluster and the middle reaches of the Yangtze River. The property market in these regions may be affected by local, regional, national or global factors. Oversupply of property or any potential decline in property demand may have a significant and adverse impact on the Group's cash flow, operating results, and overall financial position.