About RSUN PPT Company

Hongyang Real Estate is a leading comprehensive real estate developer in Jiangsu Province, China, focusing on residential property development and the development, operation and management of commercial and mixed-use properties. By taking root in Nanjing, growing deeply in Jiangsu, and laying out the Yangtze River Delta, Hongyang Real Estate has established a stable position as a regional leader in Jiangsu Province. Since the registration and establishment of Nanjing Red Sun in 1999, Hongyang Real Estate has been working in the real estate development and sales field for nearly 20 years, successfully established the “Hongyang” brand, and its development strength and position in the industry have been widely recognized. Hongyang Real Estate mainly conducts business activities in the Yangtze River Delta region, which is one of the most prosperous and active regions in China. Hongyang Real Estate's business operations include three main business divisions: real estate development and sales; commercial property investment and management; and hotel business. From January 1, 2015 to March 31, 2018, Hongyang Real Estate has developed multiple property portfolios, including 25 completed projects, 50 projects under development, and 18 projects for future development. Revenue from real estate development and sales for the year ended 31 December 2017 was RMB 5124.2 million, RMB 8549 million, and RMB 5938.4 million respectively, accounting for 95.3%, 97.4% and 96.7% of total revenue for the same period. Hongyang Real Estate owns and operates most of the commercial properties that have already been developed. These commercial properties mainly include Nanjing Hongyang Plaza and a number of other retail spaces supporting Hongyang Real Estate residential properties. Hongyang Real Estate holds such commercial properties for long-term investment and capital appreciation purposes, and leases such commercial properties to generate rental income. In addition, Hongyang Real Estate charges site usage fees and advertising space usage fees from specific tenants. For the year ended 31 December 2015, 2016 and 2017, the income from commercial property investment and operation was RMB226.7 million, RMB193.1 million and RMB166.4 million, respectively. Hongyang Real Estate also operates the Nanjing Hongyang Hotel in Jiangsu Province and the Rockefield Hotel in Wuxi City, Jiangsu Province. For the year ended 31 December 2015, 2016, and 2017, the revenue generated by Hongyang Hotel business was RMB25.9 million, RMB33.4 million and RMB34.9 million respectively.