Article | AI Finance and Economics Yang Yafang
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ZTE, Huawei, DJI, a company with strong competitiveness by the U.S. named blocked, interestingly, the headquarters of these companies were born in the Nanshan District of Shenzhen City in the street of Guangdong Province, a straight line distance of no more than 3 kilometers.
Some netizens chortle that the so-called trade friction between countries, from ZTE Huawei to DJI, did not get out of the Shenzhen Nanshan District Yuehai Street Office. In addition to the recent frequent hot search of several companies, Tencent, Evergrande's headquarters are also in Yuehai street. In addition, there are hundreds of listed companies here, and some people refer to Yuehai Street as the strongest street on the earth.
The strongest street where big factories gather
Yuehai Street is located in the northeast of Nanshan Peninsula, with a total area of 20 square kilometers and a total population of about 320,000 people. The area extends from Shahexi Road to Houhai in the east, Nanhai Avenue in the west, Dongbin Road to the beach in the south, and North Ring Road in the north, which is the only core area in Nanshan District that borders all the other seven streets.
More than 30 years ago, it was a mudflat, and now it has been developed into a high-tech industrial agglomeration, universities and scientific research institutions, modern service industry and new high-end community agglomeration.
In February 1991, the Nanshan District carried out administrative reforms, divided into seven streets, such as the street of Yuehai.
Yuehai Street did not start out with such strong competitiveness, and some locals have shared on social networks that Yuehai Street is now almost a brand new street. Both the high-tech parks such as Technology Park and Eco Park, and the commercial neighborhoods such as Coastal City and Wanxiang City are almost all new.
Before Huawei moved to Longgang District, its headquarters was located in the Nanshan Science and Technology Park under the jurisdiction of Yuehai Street. 1996, Huawei moved its headquarters from the Nanshan Shenyi Industrial Building in the Nanshan District to the Science and Technology Park, which was then mostly industrial factories, and the park was empty of a few companies.
In September of that year, Shenzhen began planning for the construction of the Shenzhen Bay Park, a high-tech zone with a total area of about 11.5 square kilometers, most of which is located in the area of Yuehai Street. Also in 1996, Huawei moved to the technology park began to show its "wolf" culture, Sun Yafang, in charge of marketing, led a team of 26 collective layoffs to reapply for the company's merit-based recruitment. In 1997, Huawei's sales reached 4.1 billion yuan, and the following year the value doubled to 8.9 billion yuan.
In 2000, ZTE moved its headquarters to a high-tech industrial park in Yuehai Street, less than 500 meters from Huawei's headquarters in a straight line, separated by a Shennan Avenue and Lenovo Tower. 2002, Huawei moved its headquarters to Bantian in Longgang District, but the neighborly friendship between the two families continued for more than a decade, and Huawei Terminal Company did not move from here to Bantian until 2015.
DJI Innovation Technology, which makes drones, went through a move from an industrial area in Bao'an District to a high-tech zone in Nanshan District, and now resides in the Skyworth Semiconductor Design Building, less than 500 meters east of ZTE.
At present, the most eye-catching landmark in the technology park in Yuehai Street is the Tencent headquarters Binhai Building, a building with a total investment of more than 1.8 billion yuan, with a floor area of about 350,000 square meters, including a 248-meter-high, 50-story south tower, a 194-meter-high, 41-story north tower and three connecting towers connecting the floors.
On November 28, 2017, the Binhai Building was officially put into use.
In addition to the above companies that have already established themselves on Yuehai Street, there are still a number of large manufacturers that have their eyes on the land and are ready to build their own headquarters here.
In June 2017, the construction of Lenovo's new headquarters in the Houhai area of Yuehai Street began, with Lenovo Group bidding for the land at a reserve price of 5.266 billion yuan, which is expected to be completed and put into use in 2020, and will be used as Lenovo's global headquarters building after completion. According to statistics, the Houhai Central District has gathered 22 headquarters enterprises such as Evergrande Group financial headquarters, Baidu International Headquarters, AVIC Aerospace International Center.
More than a hundred listed companies, with annual revenue of more than 2 trillion
According to AI Finance, there are currently 79 A-share listed companies with offices in the streets of the Guangdong Sea***, with a total market value of more than 800 billion yuan, of which the market value of Myriad Healthcare and ZTE is more than 10 million yuan, and there are also a number of strengths that should not be underestimated, such as Konka and Skyworth. of technology companies. These 79 A-share listed companies have a total revenue of RMB 413.6 billion in 2018, equivalent to 4% of the total GDP of Guangdong Province in 2018.
In addition to the A-share listed companies, Yuehai Street also has six U.S.-listed companies and 17 Hong Kong-listed companies.
Among them, the U.S.-listed companies include Xunlei, Tencent Music, Lexin, Xiaowin Technology, Asianera Holdings, and 500 Lottery, with a total market capitalization of nearly $27 billion (about RMB 186 billion) and combined 2018 revenue of $4.635 billion (about RMB 32 billion).
The Hong Kong-listed companies in the streets of Guangdong are led by Tencent and China Evergrande, with a total market capitalization of about 3.7 trillion Hong Kong dollars (about 3.2 trillion yuan) for the 17 companies, and a combined revenue of more than a trillion Hong Kong dollars (about 880 billion yuan). Counting Lenovo, which is building its headquarters building, Lenovo's Lenovo Group and Lenovo Holdings had revenue of about 700 billion yuan in the past year, and the market capitalization of the two listed companies was about HK$110 billion (about 97 billion yuan).
According to the incomplete statistics above, there are more than 100 listed companies with offices on the streets of Guangdong, with a total market capitalization of about 4.3 trillion yuan, and a combined 2018 revenue of about 2.03 trillion yuan, which translates into about 294 billion U.S. dollars. While Chile's GDP in 2018 was US$299.887 billion, only 42 countries and regions around the world have a GDP value higher than the total revenue of these 100 or so listed companies in the past year.
In addition to clustering many high-quality companies, the Yuehai region is also home to a rich concentration of humanistic facilities and commercial centers, such as the Shenzhen Bay Sports Center, Poly Theatre, Shenzhen Bay Park, and Spring Cocoon, the venue for the opening ceremony of the 26th World University Games, as well as commercial towns such as Coastal City and Vientiane City.
It's even the best school district in Shenzhen, with renowned primary and secondary schools such as the Nanshan Foreign Language School, Xuefu Middle School, and Xuefu Elementary School, as well as the University of Shenzhen and the Virtual University Park, which is home to 53 renowned institutions both at home and abroad.
Of course, the house price of Yuehai Street is also the leading one in Shenzhen. The average price of second-hand houses in the area is more than 110,000 yuan per square meter, for example, and the price in the Shenzhen Bay area is close to 170,000 yuan per square meter, with some of the districts adjacent to the coastline selling for more than 200,000 yuan per square meter.
Unfortunately, Yuehai Street may soon lose its position as the strongest street. It is reported that on February 12, 2019, Nanshan District intends to set up two additional street offices in Qianwan and Gaoxin, by which the jurisdiction of Nanshan, Yuehai and Xili street offices will be adjusted. Nanshan District is likely to divest the Science and Technology Park, which originally belonged to Yuehai Street, and establish a new high-tech zone. By that time, the street will not only be greatly reduced in size, the strength of the street will also be greatly reduced.