GRANDJOY(SZ:000031)2022-12-06 05:16Group 1: City Strategy - The company focuses on first-tier and core second-tier cities, categorizing them into central, growth, and enhancement cities [1] - It implements multiple projects in the same city to deepen its market presence and enhance city operations [1] - New city expansions are planned and executed in a systematic manner based on the city strategy [1] Group 2: Product Strategy - The core business is centered around branded residential properties, with four main product lines: 壹号系列, 祥云系列, 锦云系列, and 鸿云系列 [1] - Continuous improvement of product quality is emphasized, alongside innovation and updating of housing designs [1] Group 3: Land Reserves and Acquisition - The current land reserves are sufficient to support the company's development for the next 3-5 years [2] - The company actively seeks various land acquisition methods, including public market bidding, urban renewal, and equity acquisitions [2] Group 4: Urban Renewal Projects - The company owns approximately 1.3 million square meters of property in Bao'an District, Shenzhen, with specific areas designated for urban renewal projects [2] - Ongoing urban renewal projects include Shenzhen Zhongliang Tianyue No.1 and others, with additional projects submitted for approval [2] Group 5: Non-Public Stock Issuance Progress - The company received acceptance from the China Securities Regulatory Commission (CSRC) for its non-public stock issuance application on August 11, 2016 [3] - Adjustments to the stock issuance plan were approved by the board on September 29, 2016, with further materials submitted to the CSRC [3] Group 6: State-Owned Enterprise Reform - The company is actively cooperating with the State-owned Assets Supervision and Administration Commission and its parent company, COFCO Group, on state-owned enterprise reform initiatives [3]