According to Aiqi's inquiry, Beijing China Railway Nord Real Estate Development Co., Ltd. (formerly Beijing China Railway Huasheng Real Estate) is a wholly-owned subsidiary of China Railway Construction Engineering Group under China Railway. China Railway is one of the world's top 500 enterprises and one of the 16 central enterprises currently approved to focus on real estate. As the backbone member of China Railway, China Railway Construction Engineering Group has long been committed to super-high and large-scale housing construction, real estate development and other fields. China Railway North Real Estate Company, as the flagship real estate unit of China Railway Construction Project, was established in 2002 with a registered capital of 654.38 billion yuan. It has the second-class qualification of real estate development and passed the ISO900 1 enterprise certification in 2006.

State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the country respectively, including enterprises at the same level and enterprises formed by investment step by step under the supervision of central and local state-owned assets supervision and administration institutions and other departments.