Shenzhen Zhenye Group(SZ:000006)2022-12-08 03:06Group 1: Company Overview - Shenzhen Zhenye Group is a state-controlled enterprise focused on real estate development, with projects in cities like Shenzhen, Huizhou, Dongguan, Xi'an, Changsha, and Tianjin [2][3] - The company aims to control development speed based on land and market conditions to ensure stable operations [2][3] Group 2: Financial Performance - In the first half of 2015, the company's revenue significantly increased compared to the same period last year, with expectations for multiple new projects to launch in the second half, potentially boosting annual performance [3] - The company successfully issued 15 million corporate bonds in the first half, with most funding sourced from bank loans [2][3] Group 3: Market Conditions - Shenzhen's housing prices have risen sharply due to limited developable land and high population density, creating a significant supply-demand imbalance [3] - The company anticipates that this supply-demand imbalance will persist for a considerable time, distinguishing Shenzhen from second and third-tier cities [3] Group 4: Future Strategies - The company plans to continue focusing on the real estate sector, emphasizing specialization to enhance product quality, centralization as a development direction, and the overall favorable conditions in the real estate market [4] - There are currently no plans for upstream or horizontal mergers and acquisitions, as the company has strategically focused on real estate development [4] Group 5: Land Reserves and Shareholder Engagement - The company has no land reserves in the Qianhai area but holds commercial properties nearby [5] - The major shareholder, Shenzhen State-owned Assets Supervision and Administration Commission, has shown a commitment to increasing its stake, currently holding 34% of the company's shares [5]