The company is a state-owned listed company directly managed by the Shenzhen State-owned Assets Administration Commission. It was founded in May 1989 and publicly listed on the Shenzhen Stock Exchange in 1992. It is one of the 19 real estate enterprises with first-class real estate development qualifications in Shenzhen. Following the development idea of “based in Shenzhen and laying out the whole country”, the Group has basically formed a national strategic layout centered around Shenzhen and surrounding regions, focusing on cities such as Guangzhou, Changsha, Nanjing, Xi'an, Tianjin, Huizhou, and Nanning, and radiating into the surrounding area. The company's main business is real estate development and operation, and has set up separate regional companies in Shenzhen, Guangzhou and other places to carry out real estate development business. The company's product categories cover various types such as ordinary residential homes and commercial properties. The company has been selected as “Shenzhen Top 100 Enterprises” for 12 consecutive years; it has received the highest A rating in the Shenzhen Stock Exchange Information Disclosure Assessment for 4 consecutive years; it has successively been awarded titles such as Top 100 Real Estate Companies in China, Top 100 Listed Companies in Guangdong, Top 10 Real Estate Companies in Shenzhen, Top 10 Companies to Develop Circular Economy for the First Time, and a Meritorious Enterprise for Building Corporate Culture in Shenzhen 30 years since the establishment of the Special Administrative Region.