- Business
- Zhejiang Dongwang Times Technology Co., Ltd. (600052.SS) is a China-based company engaged in park life services, film and television cultural content production, energy-saving services, real estate development and investment, and related supporting operations including tourism, industrial investment, accommodation, catering, entertainment, and park management. The company provides energy-saving design, operation, and management of hot water supply systems; hot water energy-saving supply services primarily for colleges and universities; investment, production, and distribution of television dramas along with derivatives; real estate development projects such as Wan'an Xiyuan and Xihu Shidai Square in Hangzhou, Contemporary Xinhua in Shanghai, Guangsha Classic in Chongqing, Four Seasons Classic in Nanjing, and residential communities in Dongyang City; as well as five-star hotel operations and digital intelligence technology services. It operates across 22 provinces in China, targeting campus scenarios, urbanization projects, and cultural entertainment markets.
Founded in July 1993 as Zhejiang Guangsha Co., Ltd. and listed on the Shanghai Stock Exchange in April 1997, the company is headquartered at 14th Floor, Block A, Xizi International, No. 9 Jingtan Road, Jianggan District, Hangzhou, Zhejiang Province, China, with approximately 700 employees. It is the first listed company controlled by the Zhejiang Dongyang State-owned Assets Supervision and Administration Office and the first national construction industry-listed company recommended by the former Ministry of Construction.
In December 2021, the company rebranded from Zhejiang Guangsha Co., Ltd. to Zhejiang Dongwang Times Technology Co., Ltd., reflecting a strategic shift toward diversified operations centered on park life services with film and television cultural content as a supplement. Recent developments include its subsidiary Zhejiang Dongwang Times Digital Intelligence Technology Co., Ltd. expecting to receive CNY 40 million in funding from the parent company to support digital initiatives, and a share buyback authorization by the board in November 2023. The company continues to optimize its revenue structure through refined operations and innovative business incubation in campus and park scenarios.