On-going Transformation and Upgrading of the Real Estate Guorui Properties Deploys the Big Health Industry

On-going Transformation and Upgrading of the Real Estate

Guorui Properties Deploys the Big Health Industry

Recently, we noticed that Guorui Properties (2329.HK) has started to deploy the big health industry. It is known that Guorui has keenly seized the development opportunity of "health + real estate". Therefore, the Company continues to strengthen destocking, recoup funds and reduce debt to strike a balance among scale, profit and risk. In addition, driven by "real estate + health + technology", the Company grasps opportunities for transformation and breakthrough in product, builds the first generation of Guorui health and smart residence and creates healthy living communities. The Company also cultivates the health industry as an essential link in the corporate strategic transformation, a new profit growth driver in the future and an important area of enterprise innovation and upgrading.

In 2020, Guorui Properties will launch the first generation of smart residential products centered on community and based on family through Internet + technology, including healthy communities, healthy smart homes, Guorui healthy life services, etc.

At present, Guorui Properties has 6 pilot projects under construction in 6 cities. With the concept of "health and wisdom" embedded into the projects, the Company upgrades the product quality to add selling points and increase market competitiveness. The smart residential products of Guorui have gradually been available in Langfang Yongqing, Hainan Yunlong, Chongming Guorui Yingtai, Guizhou Tongren, Beijing Changping and Shenzhen Xikeng projects.

According to Guorui Properties, it will create a healthy ecosystem integrating medical treatment and elderly support while building smart residence, offline healthy living platform and online medicine platform. In the offline end, Guorui Hospital in progress is a large comprehensive 3A Grade hospital equipped with 2,000 beds, covering a site area of 150 mu and a construction area of 350,000 square meters. The Company has entrusted the First Affiliated Hospital of Shantou University Medical College with overall operation and management of Guorui Hospital, which will be put into operation in 2021 as the offline medical carrier for the health industry. The online health industry includes online health care platform and health insurance sales platform. The former provides online diagnosis by family doctors and B2B centralized procurement services for medicine, medical equipment and consumables, while the latter conducts mutual assistance and other medical insurance product sales.