600051.SS

Ningbo United Group Co.,Ltd., headquartered in Ningbo, China, operates a diverse portfolio of businesses through its various subsidiaries. Its primary activities span property development, energy production, and global trade. Within the real estate sector, the company is instrumental in the planning and construction of the extensive Ningbo Economic and Technological Development Zone, which is designed with six distinct functional areas dedicated to industrial, commercial, logistical, public utility, residential, and foreign villa uses. Additionally, it develops a variety of other real estate assets and housing projects. The Group is also involved in the energy market, focusing on the generation and distribution of thermal power and heat. Its operations further extend to the hospitality industry, including the management of the four-star Qijiashan Hotel, and engaging in broader tourism and cultural development initiatives. Through its trade division, it facilitates the import and export of a wide array of products, and it provides investment management services. Established in 1988, the company was originally known as Ningbo Economic and Technical Development Zone United Development Corporation Limited, before officially adopting its current name, Ningbo United Group Co.,Ltd., in June 1996.