Amaya Group Real Estate

What Amaya Group Real Estate does

Hangzhou Thermoelectric Group (杭州热电集团), trading on the Shanghai Stock Exchange as 605011.SH, is a state-owned combined heat and power (CHP) enterprise headquartered in Hangzhou, Zhejiang Province, under the control of Hangzhou City Investment Group. Founded in 1980 as one of China's original ten industrial park district heating projects and the earliest CHP enterprise in Zhejiang Province, the company has operated continuously for 45 years and was among SASAC's first batch of mixed-ownership employee stock ownership pilots. It IPO'd on the SSE on June 30, 2021, raising 247 million yuan — the first main board listing under Hangzhou City Investment Group.

The company's core business is thermal power generation through combined heat and power technology, delivering steam, electricity, and compressed air directly to industrial park enterprises via dedicated pipeline infrastructure across the Yangtze River Delta. Core revenue streams (all usage-based) include steam supply (cumulative 14th Five-Year Plan sales exceeding 51 million tonnes), electricity supply (cumulative exceeding 4.5 billion kWh), compressed air sales via the Shangyu Xiexie Phase II centralized gas project (327 million m³ in 2025), sludge disposal through the Linjiang Resource Comprehensive Utilization Project (110,000 tonnes in 2025), and photovoltaic power generation (15.86 MW installed). Supporting services include the 'Nengguanjia' (energy stewardship) integrated offering covering energy storage, energy management, and energy-saving retrofits. The company serves industrial parks spanning Hangzhou Bay Shangyu, Shanghai Bay Area, Linjiang High-Tech, Lishui, Huzhou, Ningbo Bay, and Zhoushan zones, and is expanding into Central China via its Hubei Binjiang Energy subsidiary and a sixth 670-million-yuan power plant under construction.

FY2024 revenue was 35.41 billion yuan (up from 20.88 billion yuan at end of 13th Five-Year Plan), generated primarily through long-term B2B contracts with industrial park tenants. Five core operating subsidiaries (Shaoxing Shangyu Xiexie, Lishui Hangli, Hangzhou Linjiang Environmental Protection, Anji Tianzihu, and Shanghai Jinlian) anchor the production base; Hubei Binjiang Energy leads the geographic expansion. Cumulative dividends since listing have reached 336 million yuan, exceeding the original IPO raise.

Name

Amaya Group Real Estate

Legal name

乐鱼在线平台-乐鱼（中国）

Website

https://amayarealestategroup.com

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

Hangzhou Thermoelectric Group is a state-owned Chinese CHP enterprise listed on the Shanghai Stock Exchange (605011.SH), supplying steam, electricity, and compressed air to industrial parks across the Yangtze River Delta, with growing environmental and renewable energy services.

Ownership category

akta.pro rank

Product category

Residential Real Estate Services

NAICS

Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (53121), Other Activities Related to Real Estate (531390)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Strategy & Portfolio Consulting (Corporate/Institutional) (BPAJANAB)

akta.pro secondary industries

Office Real Estate Asset Management (BPAJAMAG), Real Estate Buyer Representation (FSAEAJAG)

Keywords

• Property management services
• Residential real estate
• Real estate consulting
• Home buying services
• Home selling services

Headquarters

HQ city

Moreno Valley

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Steam (heat) supply: Core revenue stream from supplying steam to industrial parks and enterprise customers through its district heating network. During the 14th Five-Year Plan period (through September 2025), cumulative steam sales exceeded 5,100,000 tonnes.
2. Electricity supply: Power generation and electricity sales as part of combined heat and power operations. During the 14th Five-Year Plan period, cumulative electricity sales exceeded 4.5 billion kWh.
3. Compressed air sales: Air compression product sales through the Shangyu Huxie Phase II centralized gas supply project. Sales volume grew from 60.81 million m³ at the end of the 13th Five-Year Plan to 327 million m³ in 2025.
4. Sludge disposal services: Environmental services through the Linjiang Resources Comprehensive Utilization Project. Sludge disposal volume grew from zero to 110,000 tonnes in 2025.
5. Photovoltaic power generation: Solar power generation operations with installed capacity of 15.86 MW, an increase of 14.8 MW compared to the end of the 13th Five-Year Plan.

Distribution channels2 records

Marketing channels4 records

Core offering

Amaya Group Real Estate provides property management services, real estate consulting, and home buying and selling services to residential clients. The firm serves individual property owners, buyers, and sellers in the local Moreno Valley market, combining ongoing property management with transactional brokerage services.

Product overview

Amaya Group Real Estate (杭州热电集团/Hangzhou Thermoelectric Group) is a state-owned thermal power generation and integrated energy services provider listed on the Shanghai Stock Exchange (605011.SH). The company's core business is thermal power generation (热电联产), providing district heating and power supply services to industrial parks across the Yangtze River Delta region. The product portfolio centers on the CHP (Combined Heat and Power) platform, which delivers steam supply (售汽) and electricity supply (售电) to industrial customers. Supporting services include compressed air sales, sludge disposal, and photovoltaic power generation. The company also offers '能管家' (Energy Butler) services for comprehensive energy management solutions. Operating since 1980 as one of China's earliest industrial park heating projects, the company has expanded to multiple locations including Shanghai, Shaoxing, Lishui, Huzhou, Ningbo, Zhoushan, and Huanggang.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management
• Real Estate Consulting
• Home Buying Services
• Home Selling Services

Quantifiable outcome

• Cumulative steam sales: 5,100万吨+ during the 14th Five-Year Plan
• +5 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Shanghai Jinlian (上海金联)minorStrategic or Co-development PartnerReceiving unit for Hubei Binjiang Energy intern training program. Part of the Group's coordinated internal talent development across subsidiaries.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Redfin: Discount-tech brokerage serving Southern California markets including Riverside County. Direct overlap with Amaya's buying/selling services via a different cost model.
• Compass: Technology-forward residential brokerage with growing Inland Empire presence. Competes for agent talent and clients in Moreno Valley; offers adjacent concierge and consulting services.
• FirstService Residential: Large-scale residential property management company. Comparable to Amaya's property management service line, with broader scale and multi-state coverage.
• Century 21 Real Estate: Iconic residential brokerage franchise with California density. Comparable to Amaya's home buying/selling services and adjacent property management offerings.
• RE/MAX: International residential real estate franchise with substantial Southern California franchisee footprint. Same core services of residential sales and ancillary property management.
• Keller Williams Realty: Global residential real estate franchise with active Inland Empire market centers. Overlaps with Amaya on residential buying/selling, property management referrals, and consulting-style agent services.
• Coldwell Banker (parent: Anywhere Real Estate): Large national real estate brokerage with strong presence in Riverside County/Inland Empire. Directly comparable offering of residential sales, property management, and consulting services; competes for the same agent and client pool in Moreno Valley.
• Berkshire Hathaway HomeServices: National residential brokerage franchise with California offices. Comparable buyer/seller representation services and affiliated property management offerings.

Emerging players

• HomeRiver Group: National single-family rental property management firm with strong California presence. Increasingly relevant peer as Amaya scales its property management book.
• Real Property Management (Real Property Management Affiliates): National franchise specializing in residential property management. Closest direct competitor to Amaya's property management line, with a comparable local-franchise model.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/amaya-group-real-estate

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries10 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Amaya Group Real Estate