Company Overview - As of December 31, 2020, Central China New Life Limited managed a total Gross Floor Area (GFA) covering all 18 prefecture-level cities in Henan and served over 1.5 million property owners and residents across 427 properties[8]. - Central China New Life Limited was incorporated on October 16, 2018, and listed on the Main Board of The Stock Exchange of Hong Kong Limited on May 15, 2020[6]. - The company has established a strong brand reputation over more than two decades, which supports its growth and service offerings[7]. - The company operates in a competitive market, emphasizing its extensive network and cross-selling capabilities to deliver tailored services[9]. - The company has a significant presence in various provinces, including Henan, Hubei, Hunan, Jiangxi, Shanxi, and Anhui, making it the largest property management service provider in central China by total GFA[7]. Financial Performance - In 2020, the company's revenue reached RMB 2,654.5 million, a 51.3% increase from RMB 1,754.4 million in 2019[106]. - Net profit for 2020 was RMB 440.7 million, representing a 93.5% increase compared to RMB 227.8 million in 2019[110]. - Total cash, including cash equivalents and restricted bank deposits, increased by 279.2% to RMB 2,218.8 million in 2020 from RMB 585.1 million in 2019[108]. - Total assets grew by 190.4% to RMB 4,250.0 million in 2020, up from RMB 1,463.4 million in 2019[108]. - The company's total equity increased by 612.0% to RMB 2,717.4 million in 2020, compared to RMB 381.6 million in 2019[108]. Growth and Expansion - The total GFA under management reached approximately 100 million sq.m., an increase of 75.5% from 57 million sq.m. in 2019[44]. - The contracted GFA of the Company's property management services reached approximately 187 million sq.m., representing a 62.7% increase from 115 million sq.m. in 2019[44]. - The company plans to manage 12 cultural tourism complexes, 19 shopping malls, and 6 hotels as part of its future management service plan[54]. - The company aims to expand its service scope and user base through the development of the "Jianye+" platform[64]. - The company plans to continue expanding its property management services and improve operational efficiency through digital reforms[94]. Service Offerings - Central China New Life Limited aims to enhance customer experience by offering a wide range of lifestyle services and leveraging data analytics to understand market demands[9]. - The company focuses on expanding its service portfolio to meet diverse customer needs, including residential, commercial, and urban services[8]. - The "Jianye+" platform has been a key driver in enhancing customer satisfaction and service offerings[40]. - The company has upgraded its service offerings from basic property services to value-added services and customized solutions[39]. - The lifestyle services segment includes travel services and management services provided in Cuisine Henan Foodcourts, which hosted over 453 vendors as of 31 December 2020[114][115]. Market Recognition - The company was ranked 12th among the Top 100 Property Service Enterprises in the PRC in 2020, up from 13th in 2019[8]. - Central China New Life was awarded "Leading Property Service Enterprises in Henan in terms of Service Quality" and ranked 9th nationwide for diversified operation in 2020[28]. - The company was recognized as "Most Promising IPO of the Year" at the "2020 Best Listed Companies in Greater China" ceremony[35]. - The company achieved full coverage of 122 cities above county level in Henan by 2019, demonstrating its extensive regional influence[81]. Technology and Innovation - The company focuses on technology empowerment to reduce costs and enhance efficiency, improving service quality and labor cost management[57]. - The "Jianye+" platform had a total of 3,670,000 registered users, with 1,490,000 new users added in 2020, reflecting a year-on-year increase of 30.3%[48]. - The company aims to enhance management efficiency through digital reform, focusing on cost reduction and efficiency enhancement measures[92]. - The Group plans to increase investment in intelligent properties to reduce costs and improve efficiency[183]. Corporate Governance - The roles of chairman and CEO are held by Mr. Wang Jun to ensure consistent leadership and effective strategy execution[188]. - The Board consists of two executive Directors and five non-executive Directors, with three being independent, ensuring a balanced composition of skills and experience[193]. - The independent non-executive Directors provide sufficient checks and balances to safeguard the interests of the Group and its Shareholders[198]. - The Company has complied with all corporate governance code provisions and mandatory disclosure requirements up to December 31, 2020[185]. Employee and Talent Management - The Group emphasizes employee training and career development to retain talent for key positions[179]. - The overall remuneration system will be regularly adjusted to ensure competitiveness and internal equity[178]. - As of December 31, 2020, the Group had 5,413 full-time employees, primarily located in Henan province[176].
建业新生活(09983) - 2020 - 年度财报