Listed inHong Kong Stock Exchange with Code
Longfor Group, founded in Chongqing in 1993, has expanded its footprint nationwide and has formed three major business segments: development, operation and services. Its main business covers real estate development, commercial investment, long-term rental apartment, property management, and smart construction. Longfor has proactively stepped into innovative fields such as health and elderly care services and city-industry integration, achieving a comprehensive layout in high-tier cities across China.
Longfor Group Holdings Limited (stock code: 960) was listed on the main board of the Hong Kong Stock Exchange in 2009. In 2021, the Group was selected into the constituent stock of the Hang Seng Index, ranked in the list of the Fortune Global 500, and ranked in the list of “Forbes 2022 The Global 2000” for more than 11 consecutive years.
Since 1998, Longfor has developed over 1,100 projects in real estate with the total development area exceeding 220 million square meters. In 2022, the Group’s contracted sales reached RMB201.59 billion, and it has been awarded the “Top 10 of Comprehensive Strength of China Real Estate Developers” for 11 consecutive years. Longfor is committed to space construction, and has created benchmark products of residential and composite businesses such as Yun He Song, Yu Hu Jing, Light Year and Bo Jin Dao, with its excellent quality being highly recognized inside and outside the industry.
Longfor regards “Paradise Walk” and “Starry Street” as its product brands, and firmly adheres to the strategy of both asset-light and asset-heavy business to realize the grid layout in high-tier cities. By the end of December 2022, Longfor commercial has established its business in over 30 cities with over 70 shopping malls and has built cooperation with over 6,000 brands.
With active response to the national call of “both initiatives in housing rentals and purchases”, Longfor Goyoo has spread over in more than 30 high-tier cities with 110,000 apartment units, and maintaining its brand influence at TOP 3 in the industry. At the same time, Longfor Goyoo has also actively made layout in guaranteed rental housing, launching more than 40 guaranteed rental housing projects and opening nearly 20,000 rooms in 12 cities, including Beijing, Chongqing and Tianjin, to help young talents settle in the cities.
Longfor Intelligent Living is a leading lifestyle and service brand in China that fully empowers property management and commercial operation with advanced technology. It provides standardized property services in 13 business fields in more than 100 cities and its customer satisfaction rate has exceeded 90% for 14 consecutive years. By the end of 2022, the GFA under management of the property management segment of Longfor Intelligent Living was approximately 320 million square meters. With the core competence of asset-light strategy, it has provided business operation services for 76 shopping centers by the end of December 2022.
Longfor Smart Construction integrates Longfor Group's experience in TOD all-format development and industry-leading digital technology capabilities, and driven by the collaboration of six major businesses, provides a "one-stop solution" for future urban development with full format, full cycle and digitalization under the concept of "intelligent-making future city", and is committed to becoming a "leader in smart construction".
As a constituent stock of the Hang Seng China ESG Index, Longfor Group has won market recognition in environmental protection, social responsibility, corporate governance and pubic welfare, and won the “China Charity Awards”, the highest-level government award in the field of public welfare and charity in China. Longfor was selected as one of the first “Forbes China ESG 50”.In 2020, the Longfor Foundation was established to carry out various assistance plans in the fields of caring for Children and Aged，rural revitalization and education assistance around the whole life cycle. Up to now, Longfor Group and its founder, Longfor foundation have donated more than RMB1.8 billion to the society.
In the future, Longfor will adhere to its strategy of “SaaS, Space as a Service” and deeply participate in the reconstruction of urban space and services from the perspective of customers. It will also be driven by technology to constantly upgrade its capability in space development, operation and services. Meanwhile, Longfor will create space with vitality, provide customers with warm services, constantly practice its business philosophy of “For You Forever” and provide more diversified services and development space for consumers and partners, becoming a customer-centered space construction service enterprise.
