BBMG Chongqing Company is a second-tier subsidiary of BBMG Corporation.
BBMG Corporation is a large state-controlled company listed on both the A-share and H-share markets, ranked among China's Top 500 Enterprises, China's Top 200 Enterprises by Efficiency, and China's Top 100 Enterprises by Profitability. Its main business consists of four major segments: cement and ready-mixed concrete, new building materials and commercial logistics, real estate development, and property investment and management. BBMG's real estate development product portfolio covers a diverse mix including ordinary commercial housing, high-end villas, commercial real estate, affordable housing, price-capped housing, self-occupied commodity housing, low-rent housing, and public rental housing. In terms of project layout, it has entered 13 cities across China's three economic circles (Beijing, Shanghai, Tianjin, Chongqing, Nanjing, Hefei, Hohhot, Haikou, Hangzhou, Chengdu, Qingdao, Tangshan, and Ma'anshan), basically forming a development pattern of "rooted in Beijing, expanding north to Inner Mongolia, south to the Yangtze River Delta, east to Tianjin and Hebei, and west to Sichuan and Chongqing." It has successively developed and built over 120 real estate projects of various types, with a total construction scale of more than 20 million square meters. In recent years, economic indicators have grown steadily. From 2011 to 2013, the compound annual growth rates of main business revenue, profit, and housing sales contract amount reached 26%, 19%, and 21%, respectively. It has gained recognition from various evaluation agencies. In 2013, it ranked among the top three benchmark enterprises in the Beijing real estate market. In 2014, it ranked 24th in the Top 100 China Real Estate Enterprises list and 7th in comprehensive strength among real estate companies listed in Shanghai and Shenzhen.
BBMG Chongqing Company (Chongqing BBMG Dacheng Real Estate Development Co., Ltd., Chongqing BBMG Dacheng Shanshui Real Estate Co., Ltd., Chongqing BBMG Dacheng Xinduhui Co., Ltd.) was established in 2010 with a registered capital of RMB 1.993 billion and a Grade II development qualification. Its main projects are located in Nan'an District, Chongqing. Currently, three projects are under development with a total construction scale of approximately 3.4 million square meters (including a 600,000 square meter high-end villa project and two urban complex projects totaling 2.8 million square meters).
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