Listed inHong Kong Stock Exchange with Code
Longfor Group, founded in Chongqing in 1993, has expanded its footprint nationwide. The main business of Longfor covers real estate development, commercial investment, rental housing space service and smart construction. Longfor has proactively stepped into innovative fields such as health and elderly care services and city-industry integration. Currently, the Group has expanded its footprint to over 100 cities in 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 10 consecutive years.
As a pioneer of TOD (Transit-Oriented Development) development, through the transit-oriented development of complex space and combination of various business formats in different urban locations, it has formed a modern service industry for urban ecosystem. Longfor has implemented about 80 TOD projects, developing a total business area with TOD as the core of over 10 million square meters. Since 1998, Longfor has developed over 1,000 projects in real estate with the total development area exceeding 130 million square meters. In the first half of 2022, the Group’s contracted sales reached RMB85.8 billion, and it has been awarded the “Top 10 of Comprehensive Strength of China Real Estate Developers” for 10 consecutive years.
Longfor regards “Paradise Walk” as its major brand to make its presence in its core market nationwide. By the end of June, 2022, the Group has 65 shopping malls nationwide with the traffic of over 680 million visitors a year, and has built cooperation with over 5,000 brands.
Goyoo has spread over in more than 30 high-tier cities with 110,000 apartment units, ranking the top of the industry in scale, and maintaining its brand influence at TOP 3 in the industry.
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 13 consecutive years. By the end of June, 2022, the GFA under management of the property management segment of Longfor Intelligent Living was approximately 280 million square meters. With the core competence of asset-light strategy, it provides business operation services for 65 shopping malls, serving more than 13,000 tenants.
Longfor Smart Construction integrates Longfor Group's experience in TOD full business developmen and industry-leading digital technology capabilities, and provides a "one-stop solution" for future urban development with the concept of "Building a Futuristic City".
As a constituent stock of the Hang Seng China ESG Index, Longfor Group has won market recognition in environmental protection, social responsibility and corporate governance, and in 2021 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 2021, Longfor Foundation was established. Up to now, Longfor Group and its founders have donated more than RMB1.8 billion to the society.
Longfor has promoted the employer value proposition of “Intelligent Longfor, Infinite Future”. Longfor's multi-level talent recruitment and development system has cultivated numerous vocational managers with entrepreneurship spirit for the industry.
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 space creation and services. Meanwhile, Longfor will create space with vitality, provide customers with warm services, and constantly practice its business philosophy of “For You Forever”, providing more diversified services and development space for consumers and partners, and becoming a customer-centered space construction service enterprise.