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Founded in July 1995, Qingdao Hisense Real Estate Co., Ltd. (QHRE) holds first-class qualifications approved by the Ministry of Housing and Urban-Rural Development for the exploration of new realty market and design. During its 16 years of development, QHRE has won many honors such as “Top 50 China Real Estate Brand Enterprises”, “Top 50 China City Operators” and “China Respectable Real Estate Brand Enterprise” while its construction projects have won the “Luban Prize”, “Guang Sha Prize”, “Zhan Tianyou Housing Gold Award,” and many other national honors. In 2009 and 2010, its taxes amounted to RMB 440 million and RMB 690 million respectively. It has been regarded as one of the top tax payment and competitive real estate enterprises in the Shandong Province for many years.

Sticking to the core concept that “Construction is Love”, QHRE has been committed to developing medium and upscale housing. Based on the ideas of responsibility and love, QHRE has been constructing the conventional family living space relied upon for 100 years. As of now, it has built nearly 50 high-quality residential quarters with 120,000 property owners. Its annual development volume exceeds 1 million square meters with businesses in Qingdao, Jinan, Yantai, Weihai, Weifang, Dongying and other cities in Shandong Province. Furthermore, it has extended beyond the Shandong borders and entered the Anhui real estate development market in 2011. Since its entrance, it formed a distinctive high-end product development and operation mode that has won accolades from all sectors in the city. Its annual average sales value growth rate in the recent five years reached 67%, and its sales value in 2009 and 2010 exceeded RMB 4.3 billion and RMB 5 billion respectively.

With the concept of developing high-class housing, QHRE has also successfully developed upscale department stores in Qingdao Hisense Square, Hotspring Dynasty Tourist Resort and Maidao. In addition, the real estate projects encompass a sewage source low-carbon heat pump that saves energy. These projects illustrate that QHRE is transitioning from a pure housing development into an enterprise specializing in comprehensive high-end property development operations.

QHRE has always made an endeavor to become a respectable enterprise with a strong sense of social responsibility. It is committed to building eco-friendly housing in response to China’s national energy efficiency policy, making a formidable contribution to an “environmental-friendly and energy-saving” society.

Following the corporate philosophy that “Construction is Love”, QHRE has been making unremitting efforts to provide a high-quality lifestyle to residents with great emphasis on quality, innovation and stable development in the past 16 years. With dedication and precision in its real estate development and production of electronic appliances, QHRE remains a promising centennial enterprise introducing a new way of living to consumers.