Tianjin Vanke was established in August 1992 and is a wholly-owned subsidiary of Vanke Group in Tianjin. Like the Group, Tianjin Vanke has also gone through a development path from diversification to specialization. Its initial business areas included automobile trade, commerce, warehousing and logistics, hotels, office buildings, etc. From 1998, it began to undergo professional adjustments. By 2001 By the end of the year, it had successfully exited all non-main businesses and completed a professional transformation from diversified operations to focusing on residential development.
Tianjin Vanke has always been committed to becoming the leader in Tianjin’s real estate market. Over the past 14 years, Tianjin Vanke has successfully developed multiple real estate projects and created several firsts in Tianjin's real estate industry, including Tianjin's first gated managed residential community, the first large-scale urban-suburban residential community, and the first Patented product for the real estate industry. The development project won many awards including the Zhan Tianyou Civil Engineering Supreme Award.
Since 2004, the Group has further expanded its investment scale in Tianjin, and Tianjin Vanke has entered a development stage of rapid expansion in business scale and market share. In 2006, Tianjin Vanke had 7 real estate projects under construction or in the preliminary design stage, mainly including Crystal City, Dongli Lake Vanke City, Holiday Scenery, Golden Home and other projects that are very famous in the industry.
Introduction to Vanke Group:
Vanke Enterprise Co., Ltd. was established in May 1984 and is currently the largest listed real estate company in China. In 2005, Vanke achieved sales revenue of 13.95 billion yuan, net profit of 1.35 billion yuan, and tax receipts of 1.4 billion yuan.
It is Vanke’s greatest feature to lay the foundation with its philosophy and to put morality and ethics above commercial interests. Vanke believes that adhering to the bottom line of value, rejecting the temptation of interests, and persisting in obtaining fair returns from the market with professional capabilities are the cornerstones of Vanke's success. The company is committed to becoming the most popular enterprise among customers, investors, employees and respected by society through a standardized and transparent corporate culture and a steady and focused development model. With its performance in corporate governance and ethics, the company has been selected as "China's Most Respected Enterprise" for three consecutive years, and won the first place among local enterprises in the first "China's Best Corporate Citizenship Behavior" selection.
Vanke completed its shareholding reform in 1988 and was listed on the Shenzhen Stock Exchange in 1991. It is one of the first publicly listed companies in mainland China and the only one among this group of companies to maintain profit growth for 14 consecutive years. During its development, the company was twice awarded the title of "World's Best Small Business" by Forbes. In 2004, the company was ranked first in China for "Best Corporate Governance" by Asia Money, an authoritative international financial magazine.
In 1993, Vanke identified mass residential development as the company's core business. Currently, its business covers more than 20 cities including Shanghai, Shenzhen, Guangzhou, Beijing, and Tianjin.
After years of hard work, Vanke has gradually established its competitive advantage in the real estate industry: "Vanke" has become the first and so far the only nationally well-known trademark in China's real estate industry. Its "Four Seasons Flower City", "City Garden" " and other brands have been accepted and loved by consumers all over the world; the "Scene Garden House" developed by the company is the first patented product and the first invention patent in China's residential industry; the company's property management has passed the first batch of ISO9002 quality system certification in the country; the company's development Shenzhen City Garden gave birth to China's first spontaneously elected owners' committee; the company founded Vanke Club, the first customer relations organization in the real estate industry.