The company is one of the top 50 real estate development enterprises in China. The former Shanghai Haibo Co., Ltd. and Agricultural Industrial Real Estate (Group) Co., Ltd. were formed through a major asset restructuring in July 2015. The controlling shareholder is Guangming Food (Group) Co., Ltd., a wholly-owned subsidiary of the company, agricultural, industrial and commercial real estate (group) Co., Ltd. was established in May 1988. It has the national level qualification of a real estate development enterprise. It is a governing unit of the China Real Estate Industry Association and the vice chairman unit of the Shanghai Real Estate Industry Association. The company's main business is comprehensive real estate development and operation, and the cold chain logistics industry chain. It is a large state-owned integrated group company integrating real estate development, commercial operation, cold chain logistics, property services, construction and supply chain industry chains. The company and its predecessor, Farmhouse Group, have been awarded the “Top 100 Real Estate Development Enterprises in China” and the “Top 10 Steady Real Estate Development and Management Companies in China” for many years. The real estate project developed by the company has won the highest civil engineering award in China - Zhan Tianyou Civil Engineering Award; the highest award for Chinese construction engineering - Luban Award; the highest award for construction engineering in Shanghai - Magnolia Award; in March 2024, the Haibo Xijiao Logistics Safety Equipment and Energy Ministry Youth Team was awarded the “2023 Shanghai Youth Work Safety Job. In May 2024, Li Chuang of the Service Group's Direct Management Project Department won the 2024 Shanghai May 1st Labor Medal.
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