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An overview of Huafa

With more than 30 years of persistence and endeavor, Huafa, built at the same year when Zhuhai Special Economic Zone was established, has actively implemented national strategies, connecting the vision of Zhuhai city with its own corporate strategy. It has injected great impetus into the development of new state-owned enterprises.

Zhuhai Huafa Group Co., Ltd, established in 1980, enjoys a history as long as that of Zhuhai Special Economic Zone. Through 30 years of hard work, Huafa has become one of the companies listed among the Fortune China 500. It is a leading stated-owned enterprise in Zhuhai and a renowned comprehensive corporation in China.

Huafa Group now holds shares in four listed companies, Huafa Industrial Share, Huajin Capital, iOneHoldings and Higrand Electronics Technology Co. Ltd. Based in Zhuhai, Huafa has expanded its businesses into Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Wuhan, Suzhou, Nanjing, Jiaxing, Shenyang, Panjin, Nanning, Zhongshan, Foshan, Weihai, Dalian, Baotou, Hohhot, Hong Kong, Macau, San Francisco, Tel Aviv and other cities at home and abroad.

In order to avert potential risks caused by engagement only in regional real estate and the consequent lack of structural diversity, Huafa Group started in 2012 to implement the innovation driven strategy to achieve leapfrog development through transformation and upgrading. Based on a threefold increase from 2012 to 2015,Huafahad maintained the trend of rapid growth by doubling its performance on main operation indicators in 2016 despite the new normal of China’s economy.It was listed one of the enterprises among the Fortune China 500 in 2015 and 2016, and ranked 154th in China’s Top 500 Service Enterprises in 2015. By creating a leading innovative industrial chain, Huafa has established a complete ecosystem of high-end service industry.

After five years of hard work, Huafa as the leading company in Zhuhai, has become one of the top enterprises in China. It had transformed from a regional real estate enterprise to a nationally renowned and innovation driven corporation with diverse business. Based on the platform of Huafa Industrial Share, the Group has formed a “4 Plus 2” business mode, with four core business sectors of urban city operations, real estate development, financial industry and business investment, and two comprehensive supplementary businesses including commerce and trade services and modern services.With a comprehensive and optimal portfolio, sustainable business sectors, high quality assets, an acceptable debt level and a strong cash flow, the Group has laid a solid foundation for the next round development.

Due to its successful practice in the aspects of deepening reform, innovation-driven development and capital operation, Huafa has set a good example for the transformation and development of state-owned enterprises in Guangdong.Ranking the top in the industry with the best performance in all of its core business sectors including urban city operations, real estate development, financial investment, business investment, commerce and trade services, culture and education and modern services, Huafa takes a leading position among the municipal state-owned enterprises in the fields of city investment operation and productive service industry. Giving focus to the high-end manufacturing, the Group has become the main force to stabilize the economic growth of Zhuhai and to boost the city’s social and economic developments.Currently, the total assets of Huafa Group has exceeded200 billion yuan (around US $ 29.4 billion),with an annual sales revenue of over 50 billion yuan (around US $ 7.3 billion).

Looking into the future, Huafa Group will continue to move ahead andstick to its dreams and priciples.Based on the achievements in the past 5 years, Huafa will carry forward the pioneer spirit, implement the new development concept, facethe difficulties and hardshipsand seize each opportunity to build itself from a leading national enterprise to a top international enterprise.