About RSUN PPT Company

Hongyang Real Estate is a leading integrated real estate developer in Jiangsu Province, China, focusing on residential property development and the development, operation and management of commercial and mixed-use properties. By taking root in Nanjing, deeply cultivating Jiangsu, and laying out the Yangtze River Delta, Hongyang Real Estate has established a solid regional leading position in Jiangsu Province. Since Nanjing Red Sun was incorporated and established in 1999, Hongyang Real Estate has been working in the field of real estate development and sales for nearly 20 years, successfully establishing the “Hongyang” brand, and its development strength and industry position have been widely recognized. Hongyang Real Estate mainly operates in the Yangtze River Delta region, which is one of the most economically prosperous and active regions in China. Hongyang Real Estate's business operations include three main business segments: real estate development and sales; commercial property investment and management; and hotel business. From January 1, 2015 to March 31, 2018, Hongyang Real Estate has developed a number of property portfolios, including 25 completed projects, 50 projects under development, and 18 projects for future development. Revenue from real estate development and sales for the year ending December 31, 2015, 2016, and December 31, 2017 was RMB 5,124.2 million, RMB 8,549.0 million, and RMB 5,938.4 million respectively, accounting for 95.3%, 97.4% and 96.7% of total revenue for the same period, respectively. Hongyang Real Estate owns and operates most of the commercial properties that have been developed. These commercial properties mainly include Hongyang Plaza in Nanjing and a number of other retail spaces supporting Hongyang Real Estate residential properties. Hongyang Real Estate holds such commercial properties for long-term investment and capital appreciation purposes, and leases such commercial properties to generate rental income. In addition, Hongyang Real Estate charges space usage fees and advertising space usage fees from specific tenants. Revenue from commercial property investments and operations for the years ending December 31, 2015, 2016, and 2017/31 was RMB 226.7 million, RMB 193.1 million, and RMB 166.4 million, respectively. Hongyang Real Estate also operates the Nanjing Hongyang Hotel in Jiangsu Province and the Rockefield Hotel in Wuxi City, Jiangsu Province. Revenue generated by Hongyang Hotel's business was RMB 25.9 million, RMB 33.4 million, and RMB 34.9 million for the years ending December 31, 2017, respectively in 2015, 2016, and December 31, 2017.