On March 28, Leju Finance Deng Rufei, Shenzhen Property Operation Group Co., Ltd. (hereinafter referred to as “Shenzhen Property”) submitted a listing application to the main board of the Hong Kong Stock Exchange. China Financial Corporation (601995), CITIC Securities and CCB International were its sponsors.

According to reports, the company submitted listing applications to the main board of the Hong Kong Stock Exchange on February 24, 2023 and August 25, 2023, respectively.

In 2021, 2022, and 2023, Shenye Property achieved operating revenue of approximately 2.152 billion yuan, 2,348 billion yuan, and 2,712 billion yuan respectively. In the same period, the company achieved net profit of about 74.5 million yuan, 121 million yuan, and 160 million yuan respectively. Gross margins were 13.0%, 14.4%, and 15.7%, respectively.

Revenue from properties developed by independent third parties accounted for 56.6%, 55.9% and 54.7% of total revenue in 2021, 2022 and 2023, respectively.

In 2021, 2022 and 2023, Shenye Property's revenue from the Greater Bay Area was RMB 1,629 billion, RMB 1,829 billion and RMB 2,163 billion, accounting for 75.7%, 77.9% and 79.8% of total revenue for the relevant period, respectively.

As of December 31, 2023, the total contracted construction area of Shenye Properties is about 84.1 million square meters, the total number of projects under management is 513, and the total construction area under management is about 80.5 million square meters, covering 47 cities and 14 provinces in China. As of December 31, 2023, the total construction area under management of Shenye Properties in the Greater Bay Area was about 52.8 million square meters, accounting for 65.6% of the total construction area under management.

According to the report of Kerui Property Management and China Material Research Association, it is ranked 7th in the 2022 list of China's top 50 state-owned property service enterprises with comprehensive strength.