Shimao Group Holdings Ltd. (), formerly Shimao Property Holdings Ltd. (

Chinese Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, and/or ethnicity **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of ...

:世茂集团控股有限公司), is a diversified

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

development company that specializes in property development,

property investment Real estate investing involves the purchase, management and sale or rental of real estate for profit. Someone who actively or passively invests in real estate is called a real estate entrepreneur or a real estate investor. Some investors actively ...

, and hotel operations in the

People's Republic of China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

. The group develops large-scale residential projects, hotels, and other commercial buildings in prime locations, and it is one of the largest property developers in the People's Republic of China. As of February 2013, Shimao Property Holdings Ltd. owned a bank of land totaling 36.2 million square meters, making it one of the top real estate developers in China in terms of land bank size. The group's projects have been well received by property buyers and investors in China and internationally, and they have won several awards. The group is headquartered in Wan Chai, Hong Kong, and

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowin ...

History

Shimao Property Holdings Ltd. was founded in 2001 by Chinese entrepreneur and billionaire, Hui Wing Mau. Hui Wing Mau's son Jason is the group's current Vice Chairman. The company was listed on the Stock Exchange of Hong Kong (SEHK: 813) in 2006 with an

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

price of HK $6.25 per share and an initial public offering of HK $3.72 billion, or roughly $480 million. In April 2022, Shimao was among stocks that were suspended from trading after missing the deadline to report annual results, due to the

2020–2022 Chinese property sector crisis The 2020–2022 Chinese property sector crisis is a current financial crisis sparked by the difficulties of Evergrande Group and other Chinese real estate development, property developers in the wake of 2020–2021_Xi_Jinping_Administration_refo ...

Residential properties

MeridienSheshan night exterior - CA 01992

Shimao Property Holdings Ltd. has developed a range of residential properties in the

Jiangsu Jiangsu (; ; pinyin: Jiāngsū, alternatively romanized as Kiangsu or Chiangsu) is an eastern coastal province of the People's Republic of China. It is one of the leading provinces in finance, education, technology, and tourism, with its ca ...

and Shanghai Districts, including Shanghai,

Nanjing Nanjing (; , Mandarin pronunciation: ), alternately romanized as Nanking, is the capital of Jiangsu province of the People's Republic of China. It is a sub-provincial city, a megacity, and the second largest city in the East China region. T ...

, Suzhou,

Kunshan Kunshan is a county-level city in southeastern Jiangsu province with Shanghai bordering its eastern border and Suzhou on its western boundary. It is under the administration of the prefecture-level city of Suzhou. Name There is a strong p ...

Hangzhou Hangzhou ( or , ; , , Standard Mandarin pronunciation: ), also romanized as Hangchow, is the capital and most populous city of Zhejiang, China. It is located in the northwestern part of the province, sitting at the head of Hangzhou Bay, whic ...

Ningbo Ningbo (; Ningbonese: ''gnin² poq⁷'' , Standard Mandarin pronunciation: ), formerly romanized as Ningpo, is a major sub-provincial city in northeast Zhejiang province, People's Republic of China. It comprises 6 urban districts, 2 sate ...

and

Fujian Fujian (; alternately romanized as Fukien or Hokkien) is a province on the southeastern coast of China. Fujian is bordered by Zhejiang to the north, Jiangxi to the west, Guangdong to the south, and the Taiwan Strait to the east. Its cap ...

province, including

Xiamen Xiamen ( , ; ), also known as Amoy (, from Hokkien pronunciation ), is a sub-provincial city in southeastern Fujian, People's Republic of China, beside the Taiwan Strait. It is divided into six districts: Huli, Siming, Jimei, Tong'an ...

, Jinjiang, and Fuzhou Minhou, which run along the eastern border of China. The group completed 37 projects in 2012. Of those projects, 11 generated revenues of over ¥1.0 billion. Those projects were the Changshu Shimao Center, the Fuzhou Shimao Skyscrapers, Xiamen Shimao Lakeside Garden, Hangzhou Shimao Riviera Garden, Fuzhou Minhou Shimao Dragon Bay, Shanghai Shimao Riviera Garden, Nanjing Shimao Bund New City, Suzhou Shimao Canal Scene, Kunshan Shimao East No.1, and Kunshan Shimao International City.

Hotel operations

Shimao Property Holdings Ltd. currently operates six hotels, which has a total of 2,679 guest rooms. These hotels are the Le Royal Méridien Shanghai, Hyatt on the Bund Shanghai, Le Méridien Sheshan Shanghai, Hilton Nanjiang Riverside, Mudanjiang Holiday Inn, and Shaoxing Shimao Holiday Inn. The Group's Le Royal Méridien Shanghai and Hyatt on the Bund Shanghai remained among the top hotels in

Puxi Puxi ( Chinese: , p ''Pǔxī'', Shanghainese ''Phu上-shi平'', lit "Huangpu West Bank") is the historic center of Shanghai, China, and remains the home of approximately 48% of Shanghai's residents in an area of 288 km². ''Puxi'' is distin ...

in terms of revenue. The food and beverage revenue from Hyatt on the Bund Shanghai was the highest ranked among hotels in Puxi.

Commercial buildings

The group develops commercial properties through its 64.22% owned subsidiary Shanghai Shimao Co., Ltd. Shanghai Shimao's plaza operations are based in prime locations including Shanghai,

Shaoxing Shaoxing (; ) is a prefecture-level city on the southern shore of Hangzhou Bay in northeastern Zhejiang province, China. It was formerly known as Kuaiji and Shanyin and abbreviated in Chinese as (''Yuè'') from the area's former inhabitant ...

, Suzhou, Changshu,

and

Xuzhou Xuzhou (徐州), also known as Pengcheng (彭城) in ancient times, is a major city in northwestern Jiangsu province, China. The city, with a recorded population of 9,083,790 at the 2020 census (3,135,660 of which lived in the built-up area ma ...

, and the company has a strong foothold in several core business districts. While developing its department store operations, Shanghai Shimao followed market trends in Chinese cities such as

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

Yantai Yantai, formerly known as Chefoo, is a coastal prefecture-level city on the Shandong Peninsula in northeastern Shandong province of People's Republic of China. Lying on the southern coast of the Bohai Strait, Yantai borders Qingdao on the ...

, and Fuzhou and introduced international brands that matched the local demand. The company also developed several cinema properties in China, and currently owns 10 cinemas and 87 screens nationwide. Shimao cinemas carried out market research relating to cinema management, movie screenings, and non-box office sales which it then used to help generate growth. "Shimao International Cinema" holds the first full 3D IMAX cinema in Kunshan.

References

{{Authority control Real estate companies established in 2001 Real estate companies of China