Gemdale Group was founded in Shenzhen, China in 1988 and listed on the Shanghai Stock Exchange (600383. SH) in 2001. After decades of exploration and practice, it has developed into a comprehensive listed company focusing on real estate development and comprehensive development of related diversified businesses. The business covers real estate development, commercial real estate and industrial park town development and operation, real estate finance, property services, sports industry operation, home decoration industry, agent construction industry, education industry, etc. Its business covers more than 280 large and medium-sized cities in China and 8 different cities and regions on the east and west coasts of the United States. As of December 31, 2022, the total assets of Gemdale Group are about 419.4 billion yuan, and the net assets attributable to shareholders are about 65.2 billion yuan. Gemdale Group began to operate the real estate business in 1993. It is an early listed real estate enterprise in China and has achieved nationwide layout. In the first half of 2023, the company realized an operating revenue of 36.856 billion yuan, up 31.10% year on year. The company's real estate project settlement area was 1816200 square meters, up 56.84% year on year; The settlement income was 31.142 billion yuan, up 33.94% year on year. Jindi Commercial Property Group, a member of Jindi Group, is a Hong Kong listed enterprise (00535. HK). It integrates the comprehensive development of real estate and asset management platform, and provides integrated space and services for enterprises and individuals through the development, sales, investment management and service operation of diversified properties such as commercial center complexes, industrial parks and towns, boutique residences, long-term rental apartments, star hotels, etc. Gemdale Group is one of the first real estate enterprises to set foot in financial business in China. It has a private equity fund management company - Wensheng Investment, which focuses on investment in domestic and foreign real estate markets. As early as 2006, the company began to explore the field of real estate finance. In 2008, it cooperated with the internationally renowned UBS to establish the USD fund (UG fund), and began to expand the RMB fund business in 2010. Wensheng Investment is committed to building a stable and professional investment platform for global investors and creating maximum returns for investors. Gemdale Group officially entered the U.S. market in early 2014. At present, it is developing a variety of business products including office buildings, commercial complexes, senior apartments, industrial parks, etc. in the core areas of economic portals on both sides of the East and West, such as New York, San Francisco, Los Angeles, San Jose, Boston, etc. By the end of 2021, the number of Gemdale projects in the United States had increased to 14. Jindi Group established Jindi Property in 1993, and formally changed its name to "Jindi Smart Service" in 2021. Around the "three horizontal and nine vertical" service matrix, Gemdale Smart Services has made comprehensive efforts to redefine the breadth and depth of property services - services are available in more than 280 large and medium-sized cities in China, with an offline contracted area of 330 million square meters, and an online service area of 300 million square meters using SaaS. Hongjindi Sports, founded in 2010, is a wholly-owned subsidiary of Jindi Group. With tennis as its main business platform, Hongjindi has formed four industrial clusters, namely, "competition performance business cluster", "player training and brokerage business cluster", "sports asset management cluster" and "digital sports construction and operation cluster". As an international sports enterprise covering the whole industry chain of tennis in China, Hongjindi has also developed new sports tracks such as ice and snow, windsurfing, etc., to provide sports and healthy lifestyle for the public. Gemdale Group has been listed in Forbes Global 2000, Extraordinary Employers, Fortune China, etc. for many years in succession. Looking forward to the future, Gemdale Group will continue to make progress towards the grand vision of "being the most valuable international enterprise in China" with the goal of creating value and the guidance of balanced development of efficiency and scale.
...
