TAGEN GROUP(000090)2022-11-21 16:18Business Overview - The company's main business focuses on urban construction, comprehensive development, and urban services [2] - The urban construction sector is actively expanding into new areas such as dredging, rail transit, power construction, marine water conservancy, energy construction, airport construction, and comprehensive pipe corridors [2] - The company has participated in hundreds of major construction projects in Shenzhen and across China, winning over 200 municipal, provincial, and national awards, including 3 National Quality Engineering Awards, 3 Luban Awards, 11 Golden Cup Awards, and 2 Zhan Tianyou Awards [2] Development Projects - As of Q1 2021, the company has 12 major ongoing projects with a total construction area of 1.5146 million square meters, 16 major sales projects with a total construction area of 2.2936 million square meters, and 1 land reserve project with a total area of 90,500 square meters [3] - On June 29, 2021, the company acquired a land use right in Changsha for 241.07 million yuan, covering an area of 33,500 square meters [3] - The company is advancing urban renewal projects, including the Luohu Jincui project with a planned demolition and reconstruction area of 34,521 square meters and the Longhua Huafu Industrial Zone project with a planned area of 52,923.4 square meters [3] Urban Services - The company manages 2,092 roads, 725 bridges, 918 slopes and retaining walls, and 45 tunnels in Shenzhen, with a total road length of 1,548 kilometers and tunnel length of 49 kilometers [3] - The company has expanded 8 shantytown renovation and urban renewal service projects, with the Luohu "Second-line Scattered Land" project entering the construction phase [3] - The company's commercial properties have an overall occupancy rate of over 95% and a rent collection rate of about 91%, with the Tianranju Commercial Center achieving 100% occupancy [3] - The urban service business covers 29 cities nationwide, with a customer satisfaction rate of 94.8% [3] Strategic Goals - The company aims to strengthen its core functions in urban construction and services, focusing on expanding scale, optimizing profits, and increasing market value [4] - The company plans to enhance market expansion capabilities, improve project planning and acquisition, and explore various financing methods such as equity financing, bank mergers and acquisitions loans, corporate bonds, and asset securitization [4] - The company is committed to improving operational quality and profitability to meet investor expectations [4]