Founded in December 2003, SPH Development Co., Ltd. is a real estate development enterprise established as a joint venture by Sky Profit International Development Holdings Limited and Sky Profit Real Estate Enterprise Holding Ltd. The two companies are both headquartered in Zhangzhou City, Fujian Province. The company has been awarded many honorary titles such as "Honest Unit", "Credit Honest Enterprise", “Contract-Abiding & Trustworthy Unit” and "Large Taxpayer" in Zhangzhou City.

With a registered capital of RMB 80 million and a total investment of more than RMB 4 billion, the company is a leading comprehensive large-scale high-end real estate developer in Zhangzhou City, backed by Sky Profit Real Estate Enterprise Holding Ltd. and Sky Profit International Development Holdings Limited. Its projects are distinguished by high quality and high starting point, involving various development fields such as medium and high-end residence, commercial real estate and property management. The company has successfully developed high-quality living communities such as Y.H. City Plaza, Y.H. Starlane and Harmony City, with a gross floor area of nearly 1 million square meters.