Shenzhen Tagen Group Co., Ltd.
天健集团
000090
Shenzhen Stock Exchange
Company Profile
Tagen Group is the only business group under SASAC Shenzhen with a full supply-chain covering real estate development, construction, operational and other services. With strong synergies among its three major business divisions—urban construction, real estate development and urban services, as well as with an outstanding overall and core strength, Tagen Group enjoys plenty of business opportunities related to domestic urban construction, comprehensive development and urban services, which result in fast-growing revenue and profits. Tagen Group is considered one of the best construction & engineering companies in South China. Besides municipal engineering and housing construction, Tagen Group has also actively worked on new fields in the recent years such as sea reclamation, water quality improvement, river improvement, sponge city, utility tunnels, etc. And it has won bids for multiple engineering, procurement and construction (“EPC”) programs, indicating its shift from a sub-contractor of construction & engineering to a general contractor. As infrastructure investment quickens in the Guangdong-Hong Kong-Macao Greater Baby Area, Tagen Group is expected to embrace much more business opportunities. Tagen Group enjoys quality real estate programs, whether they are for sale, under construction or in reserve, with most of its to-be-developed land located in first or second-tier cities. As the commerce and residence complexes, industrial parks and flats leased on a long-term basis developed and built by it in multiple central districts are put out in the market in the near future, Tagen Group’s operating results will keep improving. As a state-owned body with marked advantages in new fields such as shanty and old town area transformation and house rental, Tagen Group will continue to benefit from urban renewal in Shenzhen. It will help break the bottleneck regarding urban space by activating the remaining land resources. Tagen Group keeps promoting reform to stay innovative. By way of innovation, it promotes transformation in business, reform in business model, as well as technological advancements and greater cooperation. It is the first among state-owned enterprises in Shenzhen to carry out management and key personnel stock ownership schemes, as well as to bring in quality strategic investors such as Shenzhen Capital Group Co., Ltd., Shenzhen HTI Group Co., Ltd. and Heaven-Sent Capital Management Group Co., Ltd. in 2015. In the next year, Tagen Group acquired the state-owned Yuetong as a quality resource reserve. Tagen Group believes that there is no end to reform. As reform through integration and restructuring accelerates on state-owned enterprises, Tagen Group is expected to continue to benefit from such reform.
Full description
Shenzhen Tagen Group Co., Ltd. (“Tagen Group”) is a listed company under the control of the State-Owned Assets Supervision and Administration Commission of the People’s Government of Shenzhen Municipal (“SASAC Shenzhen”). With a history of more than three decades, it is headquartered in Shenzhen with a nationwide business network. Tagen Group’s primary business includes urban construction, real estate development and urban services. Through making full use of synergies among its business lines and its other competitive edges to meet urban needs, as well as through enhancing advantages, addressing weak links, mechanism reform, business opportunity exploration, innovation and technology advancement, Tagen Group is progressing towards a leading enterprise in the urban construction and service field. It promotes co-development through its full supply chain of real estate-associated investment and financing, development and construction, and operation and services; provides integrated solutions regarding urban infrastructure, livelihood projects and public services; and is committed to becoming “a provider of comprehensive urban services” to satisfy the various needs of cities. Details of its business lines are given as follows: Urban Construction Tagen Group’s core subsidiaries in this business line are Shenzhen Municipal Engineering Corp. (“SZME”), Shenzhen Municipal Engineering Corp. Construction Co., Ltd. (“SZME Construction”), Shenzhen Yuetong Construction Engineering Co., Ltd. (“Yuetong”), etc. SZME, Tagen Group’s subsidiary and one of the earliest constructors in Shenzhen, was founded in 1983. It is a well-qualified construction enterprise in fields such as municipal engineering, roads, housing construction, mechanical and electrical services, railways, hydraulic and hydro-power engineering, etc. In particular, it has been recognized as a “Special-Grade General Contractor of Municipal Engineering”, a “First-Grade General Contractor of Road Engineering” and a “First-Grade General Contractor of Housing Construction”. In the past over 30 years, SZME has taken part in hundreds of significant engineering programs in Shenzhen and elsewhere in the country, of which it has received municipal, provincial or state-level honors on its more than 180 engineering programs. It enjoys a good reputation in the industry for outstanding quality. Real EstateDevelopment Tagen Group’s core subsidiaries in this business line are Tagen (Shenzhen) Properties Development Co., Ltd., Tagen (Shanghai) Properties Development Co., Ltd., Tagen (Guangzhou) Properties Development Co., Ltd., Tagen (Nanning) Properties Development Co., Ltd. and Tagen (Changsha) Properties Development Co., Ltd. Tagen Group is a first-grade real estate developer, which has developed and operated in the past over two decades a substantial quantity of quality real estate programs covering private residences, flats, villas, office buildings, complexes, industrial parks, etc. More than 60 honors have been won in this respect. Tagen Group is primarily working on quality real estate development programs and land reserves located in key first and second-tier cities. Urban Services Tagen Group’s core subsidiaries in this business line are Tagen (Shenzhen) Property Services Co., Ltd. (“Tagen Property Services”), Tagen (Shenzhen) Property Management Co., Ltd.(“Tagen Property Management”), Tagen (Shenzhen) Shanty Area Transformation, Investment and Development Co., Ltd.(“Tagen SAT”) and Yuetong. Tagen Property Services provides business planning and operational services for office buildings, flats leased on a long-term basis, industrial parks, residence and commerce complexes and hotels, with a variety of signature programs. Tagen Property Management is a state-level first-grade property management enterprise, with a service area of approximately 22 million square meters. Tagen Property Management is committed to becoming a professional provider of urban services. In addition