Shenzhen Longhua Construction Development Group Co., Ltd.

Shenzhen Longhua Construction Development Co., Ltd.
SHENZHEN LONGHUA CONSTRUCTION DEVELOPMENT CO, LTD.
Shenzhen Longhua Construction Development Co., Ltd. (abbreviated as "Longhua Construction") is a wholly state-owned enterprise funded and established by Longhua District. It was officially inaugurated in January 2015 with a registered capital of 4.8 billion yuan. The company is positioned as a city construction operator, with the goal of safeguarding people's livelihood and serving society, and with the mission of "creating a better urban life and facilitating better urban development". Its business scope covers talent housing, affordable housing, farmers' markets, sanitation and greening, security services, financial investment, water services, information pipelines, and many other fields of urban development and livelihood protection. At present, the company's total assets have reached 6.182 billion yuan, with net assets of 5.975 billion yuan, and it is striving to build itself into a group company with assets of tens of billions.

The company operates under the model of intensive construction and management at the headquarters plus specialized operations by second-tier subsidiaries. The headquarters has 9 departments (Human Resources Department, Financial Management Department, General Office, Party and Mass Work Department, Discipline Inspection and Supervision Office, Construction Management Department, Enterprise Management Department, Safety Management Department, Commercial Operation Center). It currently has 4 wholly-owned subsidiaries: Longhua Market Operation Company, Longhua Environment Company, Longhua High-tech Park Development Company (which governs Huawei Xinyuan Property Management Company), and Longhua Security Service Company. It also has 3 equity-participating companies (Longhua Talent Housing Company, Municipal SME Guarantee Group, and Hongtu Peacock Venture Capital Company).