Headquartered in Shanghai, CIFI Holdings (Group) Co. Ltd. ("CIFI" or the "Company" and together with its subsidiaries, the "Group") is principally engaged in the property development and property investment business in the People's Republic of China ("PRC" or "China"). CIFI was ranked 17th nationally in terms of contracted sales amount in the first half of 2016 according to the "China Real Estate Enterprises Top 100 Sales Ranking in the First Half of 2016" jointly published by China Real Estate Information Corporation, China Real Estate Appraisal Center and CRIC Research Center.
We principally focus on developing high quality and end-users driven properties in first- and second-tier cities in China. Our development projects cover various properties types including residential, office and commercial complexes. For our residential property development, we mainly develop end-users driven residential products with comfortable living environment and at locations with good ancillary facilities. For our commercial property development, we mainly develop offices primarily for sale as well as community commercial properties. Leveraging our effective business model, strong execution capabilities, as well as business strategies developed in line with government policies on China's real estate sector, we are poised to continue our rapid growth and develop into a leading nationwide property developer.
We have achieved a nationwide operating coverage and a strong presence in selected first-tier cities and second-tier cities in China. We have property projects in 17 cities in the Yangtze River Delta (covering Shanghai, Suzhou, Hangzhou, Hefei, Nanjing, Ningbo, Zhenjiang and Jiaxing), the Pan Bohai Rim (covering Beijing, Tianjin, Shenyang and Langfang), the Central Western Region (covering Chongqing, Changsha and Wuhan), and the Pearl River Delta (covering Guangzhou and Foshan). As at 30 June 2016, we had a land bank with total and attributable GFA of approximately 13.5 million sq.m. and 8.7 million sq.m. respectively.
Looking forward, under our missions of creating value for our customers and building "for a better life", CIFI strives to become a leading and well-respected real estate enterprise in China.
updated as per Interim Report 2016
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