Zhuhai Huafa Group

What Zhuhai Huafa Group does

Zhuhai Huafa Group Co., Ltd. is a state-owned enterprise established in 1980 in Zhuhai, Guangdong, China, and one of the Fortune China 500 companies. The group operates a diversified '4+2' business model comprising four core sectors — Urban Operation, Real Estate Development, Financial Industry, and Industrial Investment — plus two supplementary businesses, Commerce & Trade Services and Modern Services. It serves a mixed customer base: Zhuhai and other municipal governments for urban district development and infrastructure (over 259 billion yuan committed across district development, industrial parks, public facilities, and urban renewal), individual and corporate property buyers across 16 cities (37 billion yuan in real estate sales), financial services customers through 15 financial institutions and 8 quasi-financial institutions under Zhuhai Financial Investment Group, and consumer/end users of its education, hospitality, convention, sports, and property management businesses.

The group's technology footprint is concentrated in traditional industries rather than proprietary software or AI. Its real estate platform Huafa Industrial Share (Shanghai Stock Exchange: 600325) anchors property development with national first-level qualification and a standardized 'Ulife' product system. Financial services are delivered through securities (Huajin Securities, with 6 branches and 45 business departments), futures (Huajin Futures), financial leasing (Huatong Financial Lease in Hengqin Free Trade Zone), and life insurance (Hengqin Life Insurance), with 40 billion yuan in fund and asset management AUM. Industrial investment operates through five platforms including Huajin Investment, Infiniti Equity Management, Zhuhai Science & Technology Venture Capital, an IDG joint fund, and overseas vehicles in Hong Kong, Silicon Valley, and Tel Aviv. The group controls four publicly listed subsidiaries.

Revenue is generated through a mix of one-time real estate sales, transaction-based commodity trade (12.6 billion yuan in 2016), service fees from urban operations, property management and modern services, subscription/recurring income from financial institutions, and capital gains from equity investments. Total annual sales revenue exceeds 50 billion yuan (approximately US $7.3 billion) and total assets exceed 200 billion yuan (approximately US $29.4 billion). Distribution is primarily direct: enterprise sales to government counterparties for urban projects, direct property sales offices for real estate, and the financial institution network for capital markets services. The group operates from headquarters in Zhuhai with additional offices in Shenzhen, Beijing, Shanghai, Tianjin, Hong Kong, Silicon Valley, and Tel Aviv.

Name

Zhuhai Huafa Group

Legal name

Zhuhai Huafa Group Co., Ltd.

Website

https://en.cnhuafag.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

1–10 employees

Short description

Zhuhai Huafa Group is a Zhuhai-based state-owned enterprise operating a diversified '4+2' platform across urban operations, real estate development, financial services, industrial investment, commerce and trade, and modern services, serving governments, property buyers, financial customers, and consumers with over 200 billion yuan in total assets.

Ownership category

akta.pro rank

Product category

Diversified Conglomerate (Real Estate & Urban Development)

NAICS

Offices of Bank Holding Companies (551111), Management of Companies and Enterprises (551), Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Finance Services (6199), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

Keywords

• Real estate development
• Urban operations
• Financial services
• Industrial investment
• Modern services

Headquarters

HQ city

Zhuhai

HQ country

China

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Modern Services: Revenue from convention and exhibition services, hotel management, human resource services, education operations (9 schools including international kindergartens and high schools), property management (over 100 projects covering 30 million square meters across dozens of cities), and sports/entertainment facilities operations including tennis center and theater.
2. Commerce and Trade Services: Commodity trade in construction materials, auto products, petrochemicals, minerals, electronics, and agricultural products. Generated 12.6 billion yuan in 2016, growing from less than 600 million yuan (2012) to over 10 billion yuan (2016).
3. Industrial Investment: Venture capital, financial investment, and strategic investment through platforms including Huajin Investment, Infiniti Equity Management, Zhuhai Science & Technology Venture Capital, joint fund with IDG, and overseas investment platform. Returns from equity investments and fund management.
4. Financial Industry: Comprehensive financial services including banking, securities, futures, financial leasing, insurance, funds, VC/PE investment, financial trading platforms, guarantee, and small loans. Holds shares in 15 financial institutions, 8 quasi-financial institutions, and 62 pseudo-financial institutions.
5. Real Estate Development: Property development through Huafa Industrial Share (listed on Shanghai Stock Exchange, stock code: 600325). Covers residential housing, commercial real estate, new technology, customized decoration, and architectural industrialization. Achieved sales of 37 billion yuan nationwide across 16 cities.
6. Urban Operations: District development and operation, industrial park development, infrastructure construction, urban renewal, and public service facilities. Projects include Shizimen Central Business District (5.77 sq km), Jinwan Aviation Town (3.8 sq km), and various urban renewal projects covering over 5 million square meters.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Core offering

Zhuhai Huafa Group is a state-owned diversified conglomerate operating a "4Plus2" business model across Urban Operation, Real Estate Development, Financial Industry, Industrial Investment, Commerce & Trade Services, and Modern Services. It delivers integrated urban district development, residential and commercial real estate (via Huafa Industrial Share, listed on Shanghai Stock Exchange as 600325), comprehensive financial services through licensed subsidiaries (Huajin Securities, Huajin Futures, Huatong Financial Lease, Hengqin Life Insurance), venture and strategic investment platforms, commodity trade, convention venues, branded hotels, K-12 education, and large-scale property management.

Product overview

Zhuhai Huafa Group operates a diversified '4Plus2' business model consisting of four core sectors (Urban Operation, Real Estate Development, Financial Industry, Industrial Investment) and two comprehensive supplementary businesses (Commerce & Trade Services, Modern Services). The company functions as a comprehensive urban operator and state-owned enterprise group, with Huafa Industrial Share (600325.SSE) as its primary real estate platform listed on Shanghai Stock Exchange, and Zhuhai Financial Investment Group as its all-licensed financial services platform. Key products and services span urban development and district operation, residential and commercial real estate, securities and financial services, venture capital, commodity trade, convention and exhibition centers, hotels (St. Regis, Sheraton), educational institutions (nine schools), sports facilities, and property management.

Differentiator

Problem solved

Functional benefit

Brands

• Huafa Industrial Share: Listed real estate development platform (stock code: 600325) covering residential housing, commercial real estate, and new technology businesses.
• Zhuhai Financial Investment Group
• Huajin Investment
• Infiniti Equity Management
• Zhuhai Science & Technology Venture Capital Co., Ltd.
• Huafa Property
• Huafa City of Commerce
• Readzone
• Huafa New Land
• Huashang Department Store
• Ultimate International Club
• Sanjiang Human Resources Center

Products and services

• Urban Operation Services Comprehensive urban development and operation services including district-level development, industrial park development, infrastructure construction, urban renewal, and public service facilities. Key projects include Shizimen Central Business District (5.77 sq km), Jinwan Aviation Town (3.8 sq km), and urban renewal covering 5+ million sq m. Targets municipal governments and district authorities.
• Real Estate Development (Huafa Industrial Share) Residential and commercial real estate development with national first-level qualification, featuring the Ulife ecological livability system. Operates across 16 cities in four regions (Zhuhai, Shanghai, Guangzhou, Shenyang) achieving 37 billion yuan nationwide sales. Listed on Shanghai Stock Exchange as 600325.
• Financial Industry Services All-licensed financial services platform covering banking, securities, futures, financial leasing, insurance, funds, VC/PE investment, and trading platforms. Holds shares in 15 financial institutions and 8 quasi-financial institutions, with the most complete financial licenses among prefecture-level cities in China. Targets corporate and individual customers.
• Industrial Investment Services Venture capital, financial investment, and strategic investment services operating through five platforms including Huajin Investment, Infiniti Equity Management, Zhuhai Science & Technology Venture Capital, IDG joint Fund Management, and overseas investment platforms. Targets growth-stage companies and strategic opportunities domestically and internationally.
• Commerce & Trade Services Commodity trade services covering construction materials, auto products, petrochemicals, minerals, electronics, and agricultural products. Generated 12.6 billion yuan turnover in 2016, growing from under 600 million yuan in 2012. Targets industrial and construction firms as B2B counterparties.
• Modern Services Convention and exhibition, hotel management, human resources, cultural activities, sports operations, and education services. Operates Zhuhai International Convention and Exhibition Center, St. Regis Hotel, Sheraton Hotel, Huafa Place, Sanjiang Human Resources Center, and nine schools including Yung Wing International Kindergarten, Yung Wing School Zhuhai, and Dulwich International High School. Targets end consumers and event organizers.
• Huafa Property Management Services Property management services including municipal administration and maintenance, asset operation, and elevator maintenance. Over 100 ongoing projects across dozens of cities, covering more than 30 million square meters. Targets residential and commercial property owners and developers.
• Huajin Securities Brokerage and Investment Banking All-license securities firm under Zhuhai Financial Investment Group, ranked Top60 on fixed income and bond underwriting and Top20 on NEEQ business. Operates 6 branches and 45 business departments. Serves institutional and retail investors.
• Huatong Financial Lease Financial leasing services as the first headquarter-level national non-bank financial institution in Hengqin Free Trade Zone. Invested 10 billion yuan by mid-2017 to support real economy transformation. Targets corporate lessees needing equipment and asset financing.
• Zhuhai International Convention and Exhibition Centre International convention and exhibition venue operated by Huafa Group. Elected Top 10 Convention and Exhibition Centers in China in 2015 and 2015. Targets event organizers, exhibitors, and convention attendees.

Quantifiable outcome

• Achieved sales of 37 billion yuan nationwide in real estate development
• +4 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators18 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• CITIC Group: CITIC is a Chinese state-owned conglomerate with diversified operations across financial services (CITIC Bank, CITIC Securities), real estate, industrial investment, and resources. Comparable to Huafa as a Chinese SOE conglomerate combining banking, securities, and urban/industrial development.
• China Merchants Group: China Merchants is a major Chinese SOE with banking (CMB), securities, real estate, port operations, and industrial investment. Directly comparable to Huafa's combination of banking licenses, real estate development, and urban operations business model.
• Poly Real Estate: Poly Real Estate (subsidiary of China Poly Group) is one of China's largest central SOE property developers. Comparable to Huafa Industrial Share in residential and commercial real estate development scale and SOE backing.
• Greenland Holdings: Greenland is a Shanghai-headquartered diversified SOE with major real estate development, urban construction, and financial services operations. Comparable to Huafa's combination of urban district development, real estate, and multi-sector SOE conglomerate structure.
• China Communications Construction Group: CCCC is a major Chinese central SOE focused on infrastructure construction, urban development, and investment. Comparable to Huafa Urban Operations in district-level development and infrastructure investment scale and SOE-backed project pipeline.

Direct peers

• China Resources Land: China Resources Land is one of China's largest listed real estate developers with diversified commercial property, investment property, and property management operations. Closely comparable to Huafa's Huafa Industrial Share real estate subsidiary in scale and multi-city presence.
• Yuexiu Group: Yuexiu is a Guangzhou-based SOE combining real estate development (Yuexiu Property listed in HK), financial services (Yuexiu Financial Holdings), and urban operations in the Greater Bay Area. Most direct comparable to Huafa in business mix and regional SOE positioning.
• China Vanke: China Vanke is a leading Chinese real estate developer with national footprint in residential, commercial, and property management. Comparable to Huafa Industrial Share in real estate development scale, geographic diversification across major Chinese cities, and listed-entity structure.
• Shanghai Industrial Urban Development Group: SIUD is a Shanghai-listed Chinese property developer focused on urban development and integrated property operations. Comparable to Huafa Urban Operations in district-level urban development and real estate model.

Others

• Zhuhai Huafa Group's regional SOE peer (e.g. Wuhan State-Owned Urban Investment): Regional municipal urban investment/development SOEs (e.g. Hangzhou Urban Investment, Guangzhou Urban Construction & Investment) are comparable to Huafa Urban Operations as municipal SOEs combining urban district development, infrastructure, and financial services under local government oversight.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries14 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments16 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zhuhai Huafa Group