We are a leading property management and commercial operational service provider in China. We provide property management and value-added services to one of the largest portfolios of residential properties. We also manage and operate a diversified and growing portfolio of commercial properties comprising shopping malls and office buildings. As of June 30, 2020, the GFA of the residential and commercial properties under our property management services was approximately 106.6 million sq.m.
and the GFA of the shopping malls under our commercial operational services was approximately 5.6 million sq.m. According to Frost & Sullivan, we ranked:
• fifth in terms of property management service revenue in 2019 among all PRC property management companies;
• second in terms of shopping mall property management service revenue in 2019 among all PRC shopping mall operational service providers;
• first in terms of the number of managed luxury shopping malls in China in 2019 among shopping mall operational service providers in China; and
• second in terms of total revenue from shopping mall operational services market in the first six months of 2020 among all PRC shopping mall operational service providers.
Capitalizing on our leading brand, extensive resources and experience, outstanding technological capabilities, and appealing membership programs, together with CR Group, CR Land and other partners, we are committed to developing a lifestyle service platform that is centered around living, shopping and working. Through our platform, we seek to improve property users’ quality of life and vitalize the property operations for asset owners.