- Business
- China Union Holdings Ltd (000036.SZ), also known as Hualian Holdings, engages primarily in real estate development, property management, and related services in China, with a focus on residential and commercial projects including urban complexes; it offers real estate brokerage, property operation, asset management, leasing management, and venture capital investments as auxiliary businesses. The company develops and operates key projects such as Hualian Building in Shenzhen, Shanghai Xinhua Century Park, China Avenue of Stars (Starlight Avenue) in Hangzhou, UDC Times Business Complex in Hangzhou, City Mountain Forest Garden in Shenzhen's Nanshan District, and manages properties through Shenzhen Hualian Property Management Co., Ltd., targeting urban operators with emphases on culture, ecology, health, and green building standards like LEED Gold Certification. Founded in 1993 and headquartered in Shenzhen at Hualian Building, it operates mainly in Shenzhen, Hangzhou, Shanghai, and surrounding regions, employing around 645 people across real estate development and diversified activities. Recent developments include a planned share repurchase of CNY 30-60 million announced in April 2025 to maintain shareholder value, RMB 50 million investments each by the company and affiliate Hengyu Capital into Ideal Dimension focusing on AR glasses and in-vehicle displays, initiation of trial production at Zhuhai Juneng's 5,000 tons per year enriched material project with stable quality and ongoing sales promotion, release of 2025 Q1-Q3 financials showing net profit of RMB 35.68 million amid revenue growth, updates on Hualian A District urban renewal planning in Shenzhen, and securities investments up to CNY 200 million using idle funds.