China Resources University

China Resources Land Limited (abbreviated as: CR Land, stock code: 01109.HK) is a business unit under China Resources (Holdings) Co., Ltd. responsible for urban construction and operation. It was restructured and established in 1994, listed on The Stock Exchange of Hong Kong in 1996, included in the Hang Seng Index constituent stocks in 2010, and was designated as a model enterprise for corporate governance of state-owned enterprises by the State-owned Assets Supervision and Administration Commission of the State Council in 2022. After thirty years of development, it has expanded to 85 cities both domestically and internationally, including mainland China and Hong Kong, and is a leading urban investment, development, and operation operator with comprehensive strength.
In 2023, the full year achieved a turnover of RMB 251.1 billion (RMB, same below), a year-on-year increase of 21.3%; core net profit was RMB 27.8 billion, a year-on-year increase of 2.9%; contracted sales amounted to RMB 307.0 billion, a year-on-year increase of 1.9%, maintaining a stable fourth place in the industry ranking.
Facing the "14th Five-Year Plan," CR Land, guided by its strategic positioning as an "urban investment, development, and operation operator," has constructed a "3+1" integrated business model that organically links three main businesses—development and sales business, operational real estate and asset management business, and light-asset management business—with ecosystem element businesses. The business covers residential, apartments, shopping centers, office buildings, hotels, commercial operations, property management, long-term rental apartments, urban construction agency, culture and sports, urban renewal, and urban operations, building an ecosystem for urban investment, development, and operation. In 2020, it spun off its commercial operation and property management businesses to establish China Resources Mixc Lifestyle Co., Ltd. (abbreviated as: CR Mixc Lifestyle, stock code: 01209.HK) and listed it on The Stock Exchange of Hong Kong; in 2022, China Asset Management CR Youchao REIT (abbreviated as: CR Youchao REIT, fund code: 508077.SH) was listed on the Shanghai Stock Exchange; in 2024, China Asset Management CR Commercial REIT (abbreviated as: CR Commercial REIT, fund code: 180601.SZ) was listed on the Shenzhen Stock Exchange.
CR Land adheres to the values of "honesty and trustworthiness, performance orientation, people-centeredness, and win-win cooperation," upholds the corporate mission of "Quality brings more changes to the city," and always centers on the overall urban development goals and plans. It fully leverages its five core competitive advantages and resource strengths in "large urban landmark complexes, large-scale urban renewal/old city renovation, large-scale urban venues, urban TOD superstructure complexes, and the construction and operation of urban investment, development, and operation ecosystems," organically combining its "3+1" integrated business portfolio model with the needs of urban development and construction. Through a district coordination model with CR Land characteristics, it provides optimal solutions for urban construction and operation.
CR Land actively fulfills its social responsibilities. Since 2008, under the coordination and guidance of China Resources Group, it has contributed to rural revitalization, completing and delivering a total of 12 CR Hope Towns, with another 5 Hope Towns under planning and construction. Responding to the national dual carbon strategy, multiple dual carbon pilot projects have achieved phased results. Its responsible image has been continuously enhanced, maintaining an A rating in the MSCI-ESG rating, being included in the Hang Seng ESG 50 Index and the Sustainability Enterprise Benchmark Index constituents, ranking 7th in the "Central Enterprise ESG Pioneer 100 Index" of the State-owned Assets Supervision and Administration Commission, and 11th on CCTV's "China ESG Listed Company Pioneer 100" list.
In the future, CR Land will further integrate the diversified business advantages of China Resources Group, seize major opportunities such as new urbanization, the implementation of national regional coordinated development strategies, the comprehensive deepening of state-owned enterprise reform, consumption upgrading, and technological innovation. Through a combination of industrial layout and competitive strategies, it aims to achieve high-quality development, undertake the industrial and social responsibilities of the new era, and work hand in hand with stakeholders to grow together and create together, making greater contributions to urban construction and development and people's better lives with high quality.