- CEO
- Hong Ling Cao
- Full Time Employees
- 24,042
- Sector
- Finance
- Industry
- Real estate development
- Address
- Rongke Wangjing Center, Block B Tianjin TI China
- IPO Date
- Nov 19, 2020
- Business
- Sunac Services Holdings Limited, founded in 2004 and headquartered in Tianjin, China, is an investment holding company primarily engaged in property management and operational services, community living services, and value-added services for non-property owners across China. Its core offerings encompass property management for residential and commercial properties; security and order protection; equipment and facility operation and maintenance; environmental cleaning and greening services; commercial operational services including entertainment-oriented commercial products, urban shopping malls, lifestyle neighborhood centers, and cultural and tourism-themed shopping streets. The company further provides ancillary services such as room rentals, food and beverage sales, theme park operations, fitting and decoration services, and film and TV production and special effects services, mainly targeting developers, property owners, and commercial operators. Sunac Services operates predominantly in the domestic Chinese market with significant contract values from properties developed by the Sunac Group and its joint ventures.
Recently, Sunac Services Holdings has undergone strategic adjustments to focus on core cities and key business segments, enhancing client relationships and selectively expanding its property management portfolio to improve operational efficiency. In 2025, the company returned to profitability with a 2% year-on-year revenue increase to approximately RMB 3.547 billion and a profit turnaround to RMB 122 million. Sunac completed the sale of an 80% stake in Guangxi Zhangtai Sunac Smart to optimize its strategic layout, concentrating resources and management efforts on key markets. The group also appointed a new executive director to strengthen governance and announced a framework agreement with Sunac China to secure ongoing service contracts and expanded revenue from third-party property owners, supporting growth within its property management and operational services segment. These changes reflect Sunac Services Holdings' commitment to high-quality development and operational efficiency amid a recovering property management industry in China.