Gree Real Estate (600185 has rarely acquired land in the open market in recent years.SH），Watch Sanya’s prime location in one fell swoop。

September 7，Gree Real Estate announced，Sanya’s first bid for CBD Phoenix unit 49.4 acres of land，Finally, Zhuhai Helian Real Estate Co., Ltd., a subsidiary of Gree Real Estate, signed the contract with 16.5.1 billion won。Total starting price of listing 11.17.7 billion yuan，Equivalent to premium rate 47.7%。This is not residential land，But commercial land。

Announcement，The land won this time is planned to be used to build a high-end tourism retail commercial project on the coast，We will also actively introduce world-renowned high-end commercial operation brands、Enterprises with tax-free qualifications for Hainan Islands, etc.，will support the construction of an international tourism consumption center。

Since the launch of internal structural adjustment and industrial upgrading in 2013，Gree Real Estate relies on tax-free business、Port Economic Industry、The deep integration of marine economic industries has formed a distinctive "big consumption" system that continues to expand。

As of the first half of 2020，Gree Real Estate achieved operating income of 29.7.8 billion yuan，11 more than the same 188bet app download period last year.61%，Achieve net profit attributable to shareholders of listed companies 4.2.2 billion yuan，An increase of 3 compared with the same period last year.5%。

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September 7，Sanya CBD Phoenix Coast Unit 1 parcel with 16.The auction of 5.1 billion yuan was successful，The transferee is Zhuhai Helian Real Estate Co., Ltd., a subsidiary of Gree Real Estate。This land is located in the prime location of Sanya, Sanya Bay，China Resources、China Merchants Group、Luneng、Gemdale、China Railway Construction、Many large real estate companies such as China Railway Construction participated in the bidding。The floor price is about 17689 yuan/square meter，The average price per mu is 33.4 million yuan/mu。

According to planning and development requirements，The land use will be strictly based on the nature of the land，Proposed to build a high-end tourism retail commercial project in Binhai，By actively introducing world-renowned high-end commercial operation brands、Enterprises with tax-free qualifications for Hainan Islands, etc.，Develop commercial complex、Outlying island tax exemption，Build a business together、Casual、A new landmark of Sanya Binhai integrating entertainment，Developing an international tourism consumption center，Promoting the construction of Hainan Free Trade Port。

According to land transfer announcement，The investment intensity index of this parcel is 5 million yuan/mu，The total investment of 49 acres of land is about 2.4.5 billion yuan。After the completion of this land transfer project，The building self-sustainability ratio is not less than 30%，The self-sustained part shall not be sold as a whole or divided to external parties。

Gree Real Estate’s large-scale 188bet sports betting app download land acquisition in Sanya is precisely because of the tax-free bonus of Hainan Islands。June 29，Ministry of Finance、General Administration of Customs、The three departments of the State Administration of Taxation jointly issued the "Announcement on Duty-Free Shopping Policies for Visitors from Hainan Islands"，Increase the annual duty-free shopping quota for outlying island tourists from NT$30,000 to NT$100,000，Cancel the 8,000 yuan limit for a single item，And increase the variety of duty-free goods on outlying islands from 38 to 45。July 1st to August 18th，The sales of 4 duty-free shops on Hainan islands exceeded 5 billion yuan，YoY growth 2.5 times，Average daily sales exceed 100 million yuan；The number of shoppers reached 740,000，70% year-on-year increase。

According to the announcement of Sanya Central Business District Administration，The company participated in the bidding not only because of the location advantage of Sanya Central Business District、Industrial advantages and policy advantages，They are even more optimistic about the future of Hainan Free Trade Port construction。

Diversified cross-border development boosts performance growth

Gree Real Estate, whose development is not limited to real estate, has now formed an integrated real estate industry、Port Economic Industry、A group industrial layout integrating marine economy and industry，And it is highly consistent with the development plan of the Guangdong-Hong Kong-Macao Greater Bay Area，Provides conditions for the company to achieve leapfrog development relying on the Greater Bay Area。

May 11 this year，Gree Real Estate issued a trading suspension announcement for major asset restructuring，188bet online sports betting We are planning to purchase 100% equity of Zhuhai Duty Free held by all shareholders of Zhuhai Duty Free by issuing shares and paying cash，At the same time, non-public issuance of shares to raise supporting funds。

Data display，Zhuhai Duty Free in 2018、The revenue in 2019 was 22.5.6 billion yuan、26.6.9 billion yuan，Net profit attributable to parent company is 6 respectively.4.3 billion yuan、9.4.4 billion yuan。Reorganization completed successfully，Zhuhai Duty Free is expected to contribute a lot of income to Gree Real Estate in the future。Through this reorganization，The company will develop into a large consumer industry featuring duty-free business、The promising biomedical health industry，As well as large listed companies that adhere to the high-quality line and focus on the three major sectors of the real estate industry。

Gree Real Estate before acquiring land in Sanya，Back on July 3rd，Zhuhai Duty Free has established a wholly-owned subsidiary Zhuhai Duty Free Group (Hainan) Duty Free Products Co., Ltd. in Hainan，The business scope includes the business of duty-free goods on outlying islands approved by the state、Operation of duty-free imported goods for consumption by island residents, etc.。

Also involved in the medical industry，February 10 this year，Gree Real Estate and Zhuhai MicroPort Technology Co., Ltd.、Zhuhai Gaoge Medical Technology Co., Ltd. (referred to as Gaoge Medical) was jointly established by Zhuhai Yikai Electronic Technology Co., Ltd. and other enterprises，Gree Real Estate controls 70%。After its establishment, Gaoge Medical mainly produces masks and other medical supplies。In May, Gree Real Estate invested in Kehua Biologics, which is seen as deploying in 188bet Online Sports Betting and Casino the cutting-edge medical field，Further improve the comprehensive health industry chain。

Under the development of diversified business formats，Gree Real Estate’s 2020 Half-Year Report，During the reporting period，The company achieved operating income of 29.7.8 billion yuan，11 more than the same 188bet app download period last year.61%，Achieve net profit attributable to shareholders of listed companies 4.2.2 billion yuan，An increase of 3 compared with the same period last year.5%。

The combination of real estate sector and marine economy sector drives overall performance growth。The real estate sector achieved operating income of 26 in the first half of 2020.55 yuan，111 more than the same period last year.66%；Marine economic sector，January to June 2020，The company’s catch transaction sales amount is 1.7.9 billion yuan，An increase of 367 compared with the same period last year.92%。

*Source of this article: Yangtze River Business News, author: Jiang Chuya, original title:《Gree Real Estate 16.Sanya acquires 500 million land to deploy high-end tourism retail, diversifies cross-border development, and the "big consumption" system continues to expand》.