Core Viewpoint - The article highlights the significant land acquisition by Jin Di Real Estate, a relatively unknown private enterprise, which successfully secured a prime land parcel in Hangzhou for nearly 6 billion yuan, showcasing its financial strength and ambition in a challenging real estate market [3][4]. Group 1: Land Acquisition - Jin Di Real Estate won the Qianjiang Century City land king project in Hangzhou for 5.578 billion yuan, with a floor price of 54,472 yuan per square meter and a premium rate of 21%, breaking previous records [4]. - The company has been actively acquiring land over the past two years, including four residential plots in 2022 and two major projects in 2023, indicating its robust financial capability despite the tightening market conditions for private developers [5]. Group 2: Company Background - Jin Di Real Estate is fully owned by Jin Di United Holdings Group, controlled by founders Lu Sikan and Kong Lielan, who have a history of entrepreneurial success in various sectors, including furniture and energy [8][10]. - Established in 2001, Jin Di Real Estate has focused on the Hangzhou area, gaining recognition for its projects and gradually expanding its influence in the Yangtze River Delta region [11]. Group 3: Financial Performance - Jin Di Group reported a revenue of 10.25 billion yuan in 2024, ranking 55th among comprehensive enterprises in Hangzhou, with total assets of 28.334 billion yuan and net assets of 6.333 billion yuan [12]. - The company has maintained stable profitability over the years, with net profits of 1.067 billion yuan, 300 million yuan, and 118 million yuan from 2022 to 2024, reflecting its resilience in the market [13]. Group 4: Product Development - Jin Di Real Estate has been involved in innovative projects, such as the T-ONE潮博, which features unique design elements and high-end amenities, positioning itself as a competitive player in the market [7][16]. - Despite facing some quality complaints on certain projects, the overall strategy of focusing on high-quality developments and deepening its presence in Hangzhou has contributed to its success [16].