Founded in 1988, it is a well-known trademark and listed company in Guangdong Province, specializing in residential/commercial real estate development, real estate finance, property services, education and sports industries
Founded in 1988 and headquartered in Shenzhen, China, Gemdale Group started its real estate business in 1993 and was listed on the Shanghai Stock Exchange in 2001 (600383. SH) is one of the earliest real estate companies in China to go public and complete the national layout. Gemdale Group's current business includes residential development, sales and decoration, commercial real estate development, sales and ownership and operation, real estate finance, property services and community management, international education and sports industry operation featuring tennis, etc., and the development and holding of residential and commercial real estate projects covering 7 major regions and 40 cities in China, and covering 5 core cities on the east and west coasts in the United States, with 8 projects.
In 2017, Gemdale achieved real estate sales of approximately RMB140.3 billion, with a sales area of approximately 7.66 million square meters. As of the end of 2016 (the reporting period of the annual report), the land bank was about 29.5 million square meters, the total assets were about 153.6 billion yuan, and the net assets were about 37.4 billion yuan.
With the mission of "building homes scientifically" and adhering to the product concept of "leading people-oriented life" for 30 years, Gemdale Group has provided standardized and serialized residential and community commercial products for more than 350,000 households in China. Based on years of in-depth research on customer values, Gemdale has launched 8 series of standardized products, including "Brownstone", "Mingshi", "Green", "Fenghua", "Future", "Tianjing", "Shijia" and "Community Business", to meet the needs of customers with different consumption values and different family life cycles. Based on the forward-looking research on the customer's lifestyle, Gemdale has launched the "Life Smart Home", "Five-Heart Hardcover Home", "360° Healthy Home", "Extreme Apartment" and "Premium House" innovative house types, etc., and a series of general standardized R&D results are highly suitable for the customer's life style.
Gemdale Group acquired Frasers Property (535.HK), a Hong Kong-listed company, in 2012 and officially changed its name to Gemdale Property and Investment in 2013, and has now developed into a leading real estate developer and operator in Greater China, integrating the investment, development and operation of apartment residences, commercial centers, office buildings, industrial real estate, innovative commercial buildings, etc., with a layout of 15 cities in 8 regions, including South China, North China, East China, Central China, Northwest China, Northeast China, Southeast China and Southwest China, with sales of about RMB 11.3 billion in 2015 The total assets are about 25.1 billion yuan, the net assets are about 9.9 billion yuan, the cumulative commercial management area is about 11.2 million square meters, and the total land reserve exceeds 10 million square meters.
Gemdale Group has been exploring financial business since 2006 and is one of the earliest real estate enterprises in China. Wensheng Investment is a leading real estate private equity fund management company in China under Gemdale Group, which launched China's first standardized real estate USD fund with UBS in 2008, and currently manages 1 US dollar fund and more than 20 RMB funds, with a cumulative management scale equivalent to about RMB 23.8 billion, ranking among the top 10 real estate funds in China for five consecutive years, with branches in Beijing, Shanghai and Shenzhen.
Founded in November 2015, Wenying Wealth is an Internet financial platform under Gemdale Group, which aims to provide supply chain finance, home management, consumer finance and other services around customers' life scenarios such as "choosing a home, building a home, and staying at home" based on the real estate ecology. Officially launched in May 2016, the online wealth management platform provides customers with stable and reliable family financial management and financing services and satisfactory and fast community life services, and formulates a full range of financial solutions based on Internet asset trading and community life services. As of the end of 2016, the platform had 169,000 registered users, a cumulative asset trading volume of 1.1 billion yuan, and provided financial services for 35 suppliers, involving 82 projects.
Gemdale Group officially entered the U.S. market in early 2014, and is currently developing a variety of business formats including office buildings, commercial complexes, high-end apartments, industrial parks, etc., in New York, San Francisco, Los Angeles, San Jose, Boston and other core areas of the east and west economic gateways, and by the end of 2017, the number of Gemdale projects in the United States has increased to 8.
In addition to real estate development, Gemdale Group has always paid attention to the living experience of customers, and established Gemdale Property in 1993, which is one of the first batch of first-class property management enterprises in China and the executive director unit of China Property Management Association, and has now developed into a leading integrated operator of community services and asset management in China. Gemdale Property Services covers more than 90 cities in China, with a management area of nearly 200 million square meters, serving a total of about 1.8 million customers, ranking first in the service quality of China's top 100 property service enterprises for six consecutive years, with a customer satisfaction rate of 98%, and a brand value of 5 billion yuan, ranking second in the country.
In August 2016, Gemdale's Internet decoration company, Xinjia Science and Technology Life Service Co., Ltd., was officially registered and established, committed to providing users with standard, transparent and cost-effective home decoration products with Internet thinking and tools, with user experience as the core and user satisfaction as the highest standard, relying on Gemdale Group's 29 years of experience in providing high-quality residential products for the majority of users, to create a unique core competitiveness in the quality and service of decoration products, so as to achieve worry-free decoration and user confidence.
Founded in 2010, Hong Gemdale Sports is a wholly-owned subsidiary of Gemdale Group, which was formerly known as the operation and management department of some tennis venues and tennis-related businesses of Gemdale Group. After years of deep cultivation in the vertical industry chain of tennis, Gemdale has formed a development strategy with tennis as the core and "venue operation, sports IP, education and training and sports big data" as the direction, and is determined to become the most valuable sports industry operation company in China and a world-class sports brand in China.
