The company is one of the top 50 real estate development enterprises in China. The former Shanghai Haibo Co., Ltd. and Agricultural Industrial Real Estate (Group) Co., Ltd. were formed through a major asset restructuring in July 2015. The company has a registered capital of 2,229 billion yuan. The controlling shareholder is Guangming Food (Group) Co., Ltd., a wholly-owned subsidiary of the company, Agricultural, Commercial and Commercial Real Estate (Group) Co., Ltd., was established in May 1988. It has the national-level qualification of a real estate development enterprise. It is a governing unit of the China Real Estate Industry Association and the vice president unit of the Shanghai Real Estate Industry Association. The company's main business is comprehensive real estate development and operation, and the cold chain logistics industry chain. It is a large state-owned integrated group company integrating real estate development, commercial operation, cold chain logistics, property services, construction and supply chain industry chains. The company and its predecessor, Farmhouse Group, have been awarded the “Top 100 Real Estate Development Enterprises in China” and the “Top 10 Steady Real Estate Development and Management Companies in China” for many years. The real estate projects developed by the company have received the highest award for civil engineering in China - Zhan Tianyou Civil Engineering Award; the highest award for Chinese construction engineering - Luban Award; the highest award for construction engineering in Shanghai - Magnolia Award, etc.
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