Chenxing Development and Junfa Real Estate Successfully Sign Strategic Cooperation Agreement
Release date:
Dec 18,2017
On the morning of December 16, Bai Wukui, President of Chenxing Development, along with Vice Presidents Zhao Haijun and Wang Binzhou, traveled to Kunming, Yunnan, where they successfully signed a strategic cooperation agreement with Junfa Real Estate Group at the group’s headquarters. Junfa Real Estate Group is a leading and highly respected local real estate enterprise in Yunnan Province, ranking among the top 50 Chinese property companies in terms of sales from January to November 2017. It is also the only local company from Yunnan Province to make it into the billion-yuan sales club. The group firmly adheres to the core philosophy of "Quality Builds Life" and positions itself as a comprehensive service provider for urban renewal. As of now, Junfa Real Estate has developed and constructed a total of 46 projects.
On the morning of December 16, Bai Wukui, President of Chenxing Development, along with Vice Presidents Zhao Haijun and Wang Binzhou, traveled to Kunming, Yunnan, where they successfully signed a strategic cooperation agreement with Junfa Real Estate Group at the group’s headquarters.
Junfa Real Estate Group is a leading and exemplary local real estate enterprise in Yunnan Province. In the January-November 2017 ranking of China’s top 50 real estate companies by sales revenue, Junfa secured a spot within the elite group—and remains the only local Yunnan-based company to break into the 10-billion-yuan sales bracket. Guided by the core philosophy of "Quality Builds Life," the company positions itself as a comprehensive urban renewal service provider. To date, Junfa has developed and constructed a total of 46 projects, providing high-quality, fulfilling living environments for 90,000 households and over 270,000 homeowners. The company has also maintained its status as one of China’s Top 100 Real Estate Enterprises for eight consecutive years, consistently topping the Kunming market share rankings for eight straight years. Additionally, Junfa has earned the title of No. 1 brand value among western China’s real estate companies for three consecutive years and was named the No. 1 non-state-owned enterprise in Yunnan Province in 2016. Beyond Yunnan, Junfa Group has expanded its presence with projects in cities such as Chengdu, Guiyang, Shanghai, and Haikou.
At the signing ceremony, Mr. Li Jun, Chairman and President of Junfa Group, warmly welcomed President Bai Wukui and his delegation from Chenxing Development, emphasizing that, in today’s challenging real estate market environment, property developers can effectively navigate various adverse factors by forming strong cross-regional partnerships and steadily scaling up their operations. He expressed optimism about the future collaboration between the two companies and voiced full confidence in their joint success.
President Bai Wu Kui of the company stated that Junfa Group has been deeply rooted in Yunnan for many years, accumulating extensive experience in successfully developing numerous projects—and has now begun expanding its presence nationwide. He emphasized that this strategic partnership represents a fresh opportunity for growth and development for both parties. Once the collaboration is fully realized, it will effectively address each company’s limitations in project development outside of their home provinces, enabling a true "strong-against-strong" alliance that leverages complementary strengths. This synergy will allow both sides to fully capitalize on their respective regional advantages, propelling them to new heights in terms of scale and profitability. President Bai expressed his hope that employees from both companies will unite wholeheartedly, working side by side to achieve mutual success and create a bright, shared future through collaborative efforts.
The representatives from both sides also engaged in in-depth analysis and discussions on specific cooperation details for the next phase of the project, ultimately concluding the strategic partnership signing ceremony in a warm and friendly atmosphere.
Congratulations once again to Chenxing Development and Junfa Real Estate on the successful collaboration!
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