The company has not filed an annual or quarterly report since its FY2024 20-F, filed Apr 29, 2025. Its latest SEC filing is a 6-K from Aug 14, 2026.
20-F for FY2024, filed Apr 29, 2025
The sections below describe the company as of the FY2024 annual report.
Develops and sells residential properties to homebuyers in China and the United States, and provides property-management services to property owners and occupants.
20-F for FY2024, filed Apr 29, 2025We are a real estate developer that strategically focuses on selected high-growth cities in China and the United States. Our standardized…View ↗
We focus on developing large scale quality residential projects, which typically consist of multiple residential buildings that include…View ↗
In addition to real estate development and sales, we offer a wide range of property management services covering the pre-delivery and…View ↗
Homebuyers pay deposits for residential units, and mortgage lenders send the financed funds when the buyer's financing is completed, rather than waiting for the project to be completed.
20-F for FY2024, filed Apr 29, 2025Customer deposits consist of sales proceeds received from customers from the sale of residential units in the PRC. In the PRC, customers…View ↗
$514.7M
20-F for FY2024, filed Apr 29, 2025
$514.7M ↗
Homebuyers buy residential units, generally using financing arranged before project completion; property developers and property owners or occupants use its property-management services.
20-F for FY2024, filed Apr 29, 2025We focus on developing large scale quality residential projects, which typically consist of multiple residential buildings that include…View ↗
Customer deposits consist of sales proceeds received from customers from the sale of residential units in the PRC. In the PRC, customers…View ↗
In addition to real estate development and sales, we offer a wide range of property management services covering the pre-delivery and…View ↗
No. It lost $51M in FY2024.
20-F for FY2024, filed Apr 29, 2025
Shrank. Revenue fell 71% in 4 years, from $1.7B in FY2020 to $514.7M in FY2024, about 26% a year.
Competes with China Overseas Property, China Vanke, Sunshine 100, China Resources Land, Sunac China Holding, Henan Zhengshang Real Estate, Evergrande Group, Longfor Real Estate, Greenland Group, Country Garden, and KWG Property Holding
20-F for FY2024, filed Apr 29, 2025The real estate industry in China is highly competitive. We compete primarily with local and regional property developers, but an…View ↗
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