Glory Health Industry Limited
HHKEX:23290.10
HKD
+0.00
(-0.95%)
ISIN
KYG394071040
CUSIP
G39407104
Return %
Stock
S&P 500
1Y
-32.03
14.20
3Y
38.67
81.12
5Y
-70.29
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
CNY
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Zhangsun Zhang
- Full Time Employees
- 328
- Sector
- Finance
- Industry
- Real estate development
- Address
- Hademen Plaza Beijing BE China 100062
- IPO Date
- Jul 7, 2014
- Website
- glorypty.com
- Similar Companies
- Business
- Glory Health Industry Limited (2329.HK) is a Beijing-based investment holding company principally engaged in property development, primary land construction and development services, property investment, and property management and related services in the People's Republic of China. Founded in 1994 and headquartered at East Block, Hademen Plaza, No. 8-1 Chongwenmenwai Street, Dongcheng District, Beijing, the company develops and sells commercial and residential properties including large-scale mixed-use complexes; provides primary land development services such as resettlement, infrastructure construction, and ancillary public facilities for local governments; leases investment properties in prime Tier 1 and Tier 2 cities like Beijing, Shenzhen, and Shenyang with a total gross floor area of approximately 745,289 square meters; and offers property management services, targeting individual purchasers for residential units and corporations for commercial spaces. As of June 30, 2025, the company maintains land reserves totaling 6,387,065 square meters of gross floor area across multiple cities including Beijing (54% of saleable reserves), Haikou, Langfang, Shenyang, Foshan, Xi'an, Shantou, Shenzhen, and others, with 996,869 square meters of completed unsold properties and ongoing urban renewal projects in Beijing's West Qinian Street (planned GFA of 474,304 sq.m.) and Shenzhen's Xikeng community (planned GFA of about 3 million sq.m.). Formerly known as Glory Land Company Limited or Guorui Properties Limited, the company changed its name to Glory Health Industry Limited in July 2022 to reflect its strategic transformation from traditional real estate towards the health industry, including development of wellness communities, online healthy living services, regenerative medicine incubation, Guorui Hospital, medical online services, and online wellness care; during the six months ended June 30, 2025, it reported contracted sales of RMB651.1 million (down 45% year-over-year, mainly from Beijing at 87.7%), revenue of RMB324.2 million (primarily RMB182.7 million from property development and RMB139.4 million from leases), a net loss of RMB170.0 million, paused new real estate investments to prioritize sales, debt reduction, asset disposals, and liquidity improvement, optimized debt structures with banks amid RMB22,594.6 million in outstanding loans (including RMB3,862.5 million in senior notes), and strengthened financial monitoring while employing 389 staff. The company operates as a subsidiary of Alltogether Land Company Limited and focuses on high-quality projects in key regions to generate stable cash flows, with recent emphasis on urban redevelopment for high-margin opportunities and a full transition to health sector innovations amid challenging market conditions.