Shenzhen Weiye Decoration Group

What Shenzhen Weiye Decoration Group does

Shenzhen Weiye Decoration Group (维业建设集团股份有限公司; SZSE: 300621) is a Shenzhen-based, publicly listed building decoration and general construction contractor operating in China since 1994. The company was the first and remains the only decoration contractor listed on the ChiNext board, with full ownership under Zhuhai Huafa Group, a state-owned enterprise controlled by the Zhuhai State-owned Assets Supervision and Administration Commission since August 2020. The company employs 1,001–5,000 staff (600+ at headquarters) and is led by Chairman Fang Qinghai, with founder Zhang Hanqing serving as Director and President Zhang Hanwei as President.

Weiye offers an integrated portfolio across six core business lines: building decoration engineering, building curtain wall (with self-manufactured components via Guangdong Weiye Technology), interior design (via Zhuhai Weiye Meihua and the in-house Design Research Institute), cultural exhibition and museum construction (with Level 1 qualification), mechanical/electrical and intelligent systems, and steel structure. Following the 2021–2023 acquisitions of Huafa Jinglong (50% initial, 100% by 2023) and Jiantai Construction (40% initial, 100% by 2023), the company expanded into batch fine decoration and general construction contracting, allowing it to participate in larger civil engineering projects beyond pure decoration.

The business model is project-based and B2B: revenue is generated through competitive tenders for government projects, direct negotiation with enterprise clients, and the parent Huafa Group project pipeline. Per-project contract values extend from tens of millions to hundreds of millions of RMB (e.g., the Vipshop Global Headquarters decoration project at approximately 1.4亿元 RMB for ~50,000 sqm). Marquee clients include the Great Hall of the People (multi-year renovation series), the Palace Museum, Tencent, Huawei, Vipshop, Wanda, Sunac, China Resources, Shenzhen Stock Exchange, ICBC, and Shenzhen Anju Group. Geographically, the company operates nationally across China with a concentration in the Guangdong-Hong Kong-Macao Greater Bay Area and selected international projects (e.g., Mozambique airport). Technology adoption centers on BIM, LEED-rated green building methods, factory prefabrication, and proprietary processes (e.g., 13-step nano-cement application), but the company has no disclosed AI/ML-specific capabilities.

Name

Shenzhen Weiye Decoration Group

Legal name

维业建设集团股份有限公司

Website

https://szweiye.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Shenzhen Weiye Decoration Group (维业股份, SZSE: 300621) is a Shenzhen-based, Huafa Group-controlled listed building decoration and general construction contractor delivering integrated design, decoration, curtain wall, MEP, and general contracting services to government agencies, real estate developers, and tech enterprises across China.

Ownership category

akta.pro rank

Product category

Building Decoration Services

NAICS

Custom Architectural Woodwork and Millwork Manufacturing (337212), Electrical Contractors and Other Wiring Installation Contractors (238210), Ornamental and Architectural Metal Work Manufacturing (332323), Drafting Services (541340)

SIC

Services-Engineering Services (8711)

akta.pro primary industry

Office & Corporate Building Construction (IMAFACAA)

akta.pro secondary industries

Convention & Exhibition Center Construction (IMAFACAM), Religious & Cultural Building Construction (Places of Worship, Museums, Libraries) (IMAFACAH)

Keywords

• Building decoration services
• General construction contracting
• Curtain wall engineering
• Interior fit-out
• Building renovation

Headquarters

HQ city

Futian

HQ country

China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Building Decoration Engineering: Core revenue stream from building decoration construction services including residential fine decoration, commercial complex decoration, office space decoration, hotel decoration, and government project decoration. Revenue is recognized on a project-by-project basis upon completion of construction milestones.
2. Building Curtain Wall Engineering: Specialized curtain wall design and construction services, including glass curtain walls, metal panel systems, and aluminum doors and windows, using self-manufactured components from 广东省维业科技有限公司.
3. Design Services: Interior design, architectural design, and cultural exhibition design services provided through 珠海维业美华建筑设计有限公司 and the Design Research Institute (设计研究院). Projects span commercial complexes, hotels, offices, cultural venues, and residential developments.
4. General Construction Contracting: Following the acquisition of 华发景龙 (batch fine decoration) and 建泰建设 (general building construction with Class I qualifications), the company generates revenue from general contracting services including civil construction and electromechanical installation, expanding from decoration-only to full project lifecycle services.
5. Mechanical and Electrical / Intelligent Systems: Professional design and construction services covering HVAC, plumbing, fire protection, electrical, intelligent systems, BIM technology, energy-saving and environmental protection, computer room engineering, and network/information system integration.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Shenzhen Weiye Decoration Group provides integrated building decoration and general construction contracting services covering architectural decoration, curtain wall engineering, interior design, cultural exhibition construction, mechanical/electrical and intelligent systems, and steel structure. It serves government agencies, state-owned enterprises, premium real estate developers, and large commercial clients with landmark project credentials including the Great Hall of the People, Palace Museum, and Tencent Binhai Headquarters. Revenue is recognized on a project-by-project basis upon completion of construction milestones, with contract values ranging from tens of millions to hundreds of millions of RMB per project.

Product overview

Shenzhen Weiye Decoration Group is a construction decoration and general contracting service provider offering a comprehensive portfolio of building decoration services through multiple business segments and wholly-owned subsidiaries. The company's core offerings include General Construction Contracting (managed via Jian Tai Construction), Building Curtain Wall (via Weiyi Technology with manufacturing capabilities), Interior Design (via Weiyi Meihua Architectural Design), Cultural Expo Exhibition, Electromechanical and Intelligent Systems, and Steel Structure services. The group operates through several subsidiaries including Jian Tai Construction Co., Ltd. (general contracting), Zhuhai Hualong Decoration Co., Ltd. (decoration engineering), Guangdong Weiyi Technology Co., Ltd. (building materials manufacturing), and Zhuhai Weiyi Meihua Architectural Design (design services). The group also maintains an internal Weiyi Design Research Institute to support project design capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• General Construction Contracting Comprehensive general contracting services for building construction projects, managed through wholly-owned subsidiary Jian Tai Construction Co., Ltd. (建泰建设). Includes civil construction, municipal engineering, and electromechanical installation with Class I qualifications in building construction general contracting and municipal engineering general contracting. Notable projects include Hengqin International Trading Plaza and Daa Healthy Food Phase II.
• Building Curtain Wall Engineering Curtain wall design, manufacturing, and installation services including glass curtain walls, metal panel systems, and aluminum doors and windows, produced through subsidiary Guangdong Province Weiye Technology Co., Ltd. (广东省维业科技有限公司). The subsidiary operates automated production lines with imported CNC machining centers, supporting complex irregular-shaped structures including arched tunnels, Cantonese-style windows, and egg-shaped cavities.
• Interior Design Interior design, architectural design, and soft furnishing services provided by Zhuhai Weiye Meihua Architectural Design Co., Ltd. (珠海维业美华建筑设计有限公司) and the internal Weiye Design Research Institute. Services span commercial complexes, hotels, offices, cultural venues, and residential developments. The Design Research Institute includes award-winning senior designers and integrates BIM technology into design workflows.
• Cultural Expo Exhibition Construction Cultural museum and exhibition design and construction services with the highest qualification in the museum exhibition field (museum exhibition design Grade A and construction Class 1). Services include museum display systems, cultural venue construction, and heritage preservation projects such as the Palace Museum Cining Palace restoration.
• Electromechanical and Intelligent Systems Installation Mechanical and electrical installation and building intelligent system integration services including HVAC, plumbing, fire protection, electrical, BIM-integrated engineering, energy-saving and environmental protection, computer room engineering, and network/information system integration. Includes Class I qualification in mechanical and electrical equipment installation and building intelligent engineering contracting qualification.
• Steel Structure Construction Steel structure construction services with Class I qualification, providing professional technical research, project planning, and construction management for structural steel works integrated with decoration and general contracting projects.

Quantifiable outcome

• 连续23年入选中国建筑装饰“百强”前列，稳居行业第一梯队
• +5 more outcomes

Named customers13 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• 澳门大学 (University of Macau)coreStrategic or Co-development Partner · 1 December 2025维业股份's subsidiary 建泰建设, together with 明信建筑, formed a joint venture to undertake the general contracting construction of the University of Macau's Hengqin New Campus South District. This marks the company's entry into large-scale educational infrastructure projects.
• 珠海华发景龙建设有限公司 (Zhuhai Huafa Jinglong)coreStrategic or Co-development Partner · 1 February 2023In February 2023, 维业股份 completed the acquisition of 珠海华发景龙建设有限公司 50% stake and 建泰建设有限公司 100% stake, fully consolidating these subsidiaries into the group's operations. The company restructured to become the Huafa Group's integrated construction platform.
• 华发景龙建设有限公司 (Huafa Jinglong Construction)coreStrategic or Co-development Partner · 1 March 2021维业股份 acquired 50% of Huafa Jinglong Construction (华发景龙), which specializes in batch fine decoration. Huafa Jinglong has supplier relationships with approximately 40 premium property developers including Sunac, China Merchants, and Huarun. This acquisition strengthened 维业股份's presence in the residential batch decoration market.
• 建泰建设有限公司 (Jiantai Construction)coreStrategic or Co-development Partner · 1 March 2021维业股份 acquired 40% of Jiantai Construction (建泰建设) and subsequently increased ownership to 100%. Jiantai Construction holds Class I qualifications in building construction general contracting and municipal engineering general contracting, enabling 维业股份 to expand from decoration services to general contracting. Notable projects include Hengqin International Trading Plaza and Daa Healthy Food Phase II.
• 格力电器 (Gree Electric)coreStrategic or Co-development Partner · 20 August 2020维业股份 signed a strategic framework cooperation agreement with Gree Electric on August 20, 2020. Under the agreement, Gree Electric will prioritize cooperation with 维业股份 in base construction, talent housing, affordable housing, and hotel projects. 维业股份 will prioritize using Gree Electric air conditioning and other appliances in its building projects. Both parties aim to integrate the home appliance and decoration industries to drive domestic consumption.

Scale indicators10 records

Recent moves8 records

Expansion highlights7 records

Broad incumbents

• China State Construction Engineering Corporation (CSCEC): China's largest construction conglomerate (sse:601668), parent of CSCEC Decoration which operates a national decoration platform. A broad incumbent in the same space offering overlapping capabilities across building, decoration, and general contracting.
• Shanghai Construction Group: Major state-owned general contractor (sse:600170) with substantial building decoration and general contracting operations. Broader incumbent offering overlapping capabilities including interior fit-out and integrated construction.

Direct peers

• Yasha Decoration Group (亚厦股份): Shenzhen-listed decoration and general contracting firm (szse:002375) covering interior decoration, curtain wall, and integrated building services. Highly comparable business mix and customer overlap with Weiye, including government and developer projects.
• Hongtao Group (洪涛股份): Shenzhen-listed building decoration and engineering services firm (szse:002325) active in public buildings, education, and commercial interiors. Comparable mix of high-end decoration work and similar exposure to Chinese real estate and public-sector clients.
• Shenzhen Ruihe Decoration (瑞和股份): Shenzhen-listed decoration and curtain wall firm (szse:002620) serving hotels, offices, and residential developments. Directly comparable in scale and core decoration service offerings.
• Suzhou Gold Mantis Construction Decoration: China's largest publicly listed building decoration contractor (szse:002081), directly comparable to Weiye across commercial office, hotel, and public-sector interior fit-out. Gold Mantis sets the scale benchmark and competitive context for Weiye's premium-decoration positioning.
• Shenzhen Grandland Decoration Group (广田集团): Shenzhen-headquartered building decoration contractor (szse:002482) competing for residential fine decoration and commercial interior projects. Operates in the same geographic market and customer base as Weiye with similar project types.
• Shenzhen Jianyi Decoration Group (建艺集团): Shenzhen-based decoration contractor (szse:002789) with overlapping presence in government, real estate developer, and commercial interior projects. Closely comparable geographic footprint and target customer segments to Weiye.

Others

• Beijing Oriental Yuhong Waterproof Technology: Adjacent building materials and construction technology provider. Not a direct competitor but a relevant ecosystem participant in the broader Chinese building decoration supply chain that Weiye operates within.
• Gree Electric Appliances: Strategic partner rather than competitor — Gree and Weiye signed a 2020 strategic framework agreement for HVAC and appliance integration into Weiye's decoration projects. Useful comparable for understanding Weiye's ecosystem positioning in integrated home/building solutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance17 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Shenzhen Weiye Decoration Group