The Development Course of Beijing Dacheng Real Estate Development Company

The affordable housing projects developed and built by the company are welcomed by consumers and valued by Beijing leaders. Mayor Liu Qi, Secretary-General Huang and other city leaders went to Dacheng Company to investigate and affirm the company's work.

The company actively adapts to the new situation of national reform and opening up, boldly carries out the reform and reorganization of state-owned enterprises according to the requirements of modern enterprise system, establishes a number of limited liability companies and joint-stock companies, establishes a more reasonable framework of parent-subsidiary companies, and has subsidiaries and development projects in Hainan, Tianjin and Handan.

After more than ten years of rolling development, the accumulated investment is 5.6 billion yuan. 37 residential quarters were developed and constructed, with a development area of 2.77 million square meters and a completion of 24 1 10,000 square meters. The technical personnel of the head office account for 70% of the total number of employees. With the joint efforts of all staff, it started with a registered capital of 10 million yuan, and has now developed into a powerful first-class real estate development backbone enterprise with assets of more than 2 billion yuan, ranking among the four major real estate development enterprises in Beijing and the top 100 real estate development enterprises in China.

The company insists on keeping pace with the times, is determined to reform and innovate, and actively promotes the pace of enterprise restructuring in accordance with the requirements of the municipal party Committee and the municipal government on the restructuring of large and medium-sized state-owned enterprises. After several years of efforts, the goal of restructuring has been basically achieved. On the basis of development projects, nine holding companies, including Dacheng Development Group and Dacheng Co., Ltd., were established through asset reorganization, raising social funds and employee stock ownership, so that the head office gradually got rid of the original business model and management system and became a real estate investment management enterprise with capital as the twist, asset management compatible with cross-industry operation and running in accordance with modern enterprise system.