Shenzhen Properties and Resources Development (Group) Co., Ltd.
深物业A
000011
Shenzhen Stock Exchange
Company Profile
Advantages of brand and cultural accumulation: As a state-owned enterprise under the Shenzhen Municipal Government, SZPRD has gone through 40 years of magnificent and pioneering development, and has gradually formed a diversified development pattern with real estate development as its main industry, involving urban renewal, property management, asset operation, industrial investment, etc. The brand value and comprehensive strength of "Shenzhen Property" that carries the spirit of reform and opening up of the International Trade Center Building have been highly recognized by the market. The company was born because of the International Trade Center Building, prospered because of reform and opening up, and coexists and grows with the miracle city of Shenzhen. The combination of the corporate culture of "daring to be the first, reforming and strengthening" and the "pioneer" spirit of overcoming difficulties has become an action guide to drive SZPRD's splendid leap from "Shenzhen Speed" to "Shenzhen Quality". Market-oriented advantages: SZPRD has been following a market-oriented pace of changing its strategies every year and undergoing major changes every three years. It has continuously innovated its systems and mechanisms, continued to deepen internal reforms, and actively carried out market-oriented operations in line with industry benchmarks, which has significantly stimulated the vitality and momentum for the Group's high-quality development. In recent years, Lake City Project pioneered the cooperation between state-owned enterprises and private enterprises to develop urban renewal projects, marking the official launch of the first fully market-oriented urban renewal project in the history of the Group, and taking the lead in implementing the urban renewal project co-investment system in the municipal state-owned assets system; property management segment, the Company actively expanded projects outside the province and strengthened its market expansion efforts, effectively enhancing the competitiveness of the Company's property management business in the national market. The Company has simultaneously established a multi-level incentive and restraint mechanism, including co-investment and long-term incentives, to allocate resources, select talents, assess rewards and punishments in a market-oriented manner. Advantages of the entire industrial chain: Over the years, SZPRD formed advantages in the entire industrial chain including project acquisition, development and construction, investment promotion and sales, leasing management and property management. In particular, it has formed obvious segmentation advantages in high-end park basic services and property quality services, which has forged the Company's core competitiveness. Advantages of industrial-city integration: The Company's space development segment is committed to the development of different business formats such as residential, high-end apartments, office buildings, and industrial parks. From the earliest ITC urban complex and Huanggang Port area development to the development and operation of the large-scale industrial-city complex Lake City Project, the advantages of SZPRD characteristic development products of industrial-city complexes have been highlighted. With the implementation of a series of urban renewal project and industrial land acquisition projects, the advantages of industrial-city integration will be further consolidated and enhanced. Advantages of being a Fortune 500 subsidiary: The Company's controlling shareholder Shenzhen Investment Holdings Co., Ltd., has been committed to building a world-class state-owned capital investment and operation company and financial holding group. It ranked 370th in the Fortune 500 in 2024. Relying on the controlling shareholder's entire industrial chain advantages in the science and technology park, the Company is actively transforming and upgrading, focusing on the development and construction of industry-city complexes, and has broader development prospects.
Full description
Established in 1982, the Company was originally known as "Luohu Engineering and Construction Headquarters" and renamed "Shenzhen Municipal Property Development Corporation" in August 1985. The Company was determined as the second batch of pilot units for joint-stock reform of state-owned enterprises in 1988. Approved by the municipal government, the Company renamed to ShenZhen Properties & Resources Development (Group) Ltd. in 1990. The stock of the group company (stock name: SZPRD, A/B; stock code: 000011, 200011) was officially listed in Shenzhen Stock Exchange in March 1992. The Company contracted and built Shenzhen International Trade Center Building as Party A and created, planned, and organized the world-famous "Shenzhen Speed". The building was the place where Chairman Deng Xiaoping gave talks in his inspection to the south. SZPRD came into being because of the building and has risen amid the Reform and Opening up campaign. Emerging and growing together with Shenzhen, a city of miracles, the Company has been “a loyal practitioner of the spirit of the ox” and overcome difficulties in proposing new services in the new era. SZPRD employees have manifested the enterprise spirit of "going ahead and reforming" and centered on the functional positioning as state assets of "serving national economic and social development, the city, the industry, and the people". The Company has adhered to the original aspiration and striven ahead to be a pioneer. Therefore, it has made remarkable achievements in development speed and quality. So far, the Company has grown into a large comprehensive industrial group from the project company that built Shenzhen International Trade Center Building. In the new era, the Company sizes up the situation, seizes the momentum and forges ahead toward the goal and vision of becoming a "leading smart operator of industry-city space in China". As 2022 heralds the 40th anniversary since its inception and the 30th anniversary since its listing, SZPRD traverses down memory lane, recollecting its varied journey punctuated with challenges and triumphs. Witnessing the meteoric rise of Shenzhen city, the Group has transitioned from its former "Shenzhen speed" avatar to its current iteration of "Shenzhen quality." Additionally, 2022 inaugurates the first year for the Group's periodic performance adjustment phase. During the Reporting Period, facing the deep regulation and control in real estate, the Company faced up to the difficulties and continued to make efforts in four business sectors, including industry-city space development, property management services, industrial ecosystem operation, and main business ecosystem investment in its main business. The Company endeavored to further consolidate and highlight its advantages of industry-city integration and the whole industry chain through expanding the main business and making breakthroughs in other businesses.