Shenzhen CATIC Real Estate Co. Ltd is engaged in the tourism industry, the manufacture and sale of bicycles and real estate development. The company operates a number of subsidiaries including Shenzhen Gelan Yuntian Hotel, a 4-star hotel in Shenzhen; Shenzhen Nanguang Property Management Co. Ltd; Shenzhen Nanguang Jiejia Electronic Appliance Co. Ltd, with an annual production capacity of 500,000 water heaters; Shenzhen Bao An Bicycles Co. Ltd; Shenzhen Nanguang Real Estate Development Co. Ltd, with housing projects including Nanguang Mingshi Yuan and Nanguang Jiejia Mansion; Shenzhen Yuehang Decoration Design Co. Ltd as well as Shenzhen Zhengzhang Laundry Co. Ltd, Shanghai Laodachang Restaurant and Shenzhen Laodachang Restaurant, three local time-honoured brands in Shanghai and Shenzhen.