Company Overview - As of June 30, 2021, the company managed a total of 586 properties, serving over 1.8 million property owners and residents across 18 prefecture-level cities in Henan and 100 of the 102 county-level cities[7]. - The company was incorporated on October 16, 2018, and listed on the Main Board of The Stock Exchange of Hong Kong Limited on May 15, 2020[5]. - The company has expanded its services beyond Henan Province to include 7 other provinces, enhancing its market reach[7]. - The company has a diversified portfolio that includes residential properties, shopping malls, cultural tourism complexes, commercial apartments, office buildings, schools, hospitals, and governmental properties[7]. Market Position and Recognition - The company ranked 12th and 11th among the Top 100 Property Management Companies in China in 2020 and 2021, respectively[7]. - The total gross floor area (GFA) under management positioned the company as the largest property management service provider in central China as of December 31, 2020[6]. - The company was awarded the "2021 Leading Enterprise in Market Development Capabilities of Listed Property Companies in China" and ranked 8th in the "2021 China TOP20 Listed Property Service Company Financial Performance"[11]. - The company has received numerous awards recognizing its service quality and financial performance, reflecting its strong market position[11]. Financial Performance - For the six months ended 30 June 2021, the company achieved a revenue of RMB 1,563.8 million, representing an increase of approximately 47.4% from RMB 1,061.2 million for the same period in 2020[42]. - Net profit for the same period reached RMB 270.8 million, an increase of over 43.3% from RMB 189.0 million in the prior year[42]. - Revenue from property management and value-added services amounted to RMB 1,286.1 million, reflecting a 52.4% increase from RMB 843.8 million in the same period last year[71]. - The gross profit for the Group was RMB 501.8 million, a 36.5% increase from RMB 367.5 million in the corresponding period of 2020, while the gross profit margin decreased from 34.6% to 32.1%[97]. Customer Engagement and Services - The company aims to enrich its service offerings by understanding customer needs through data analytics and frequent interactions, thereby improving customer satisfaction[8]. - The total number of registered users for the "Jianye+" membership system reached 4.70 million, with a total transaction volume of RMB 622 million in the first half of 2021[19]. - The company serves over 1.8 million property owners, 4.7 million "Jianye+" users, and 50 million business visitors, providing a range of lifestyle services[24]. - The company emphasizes its competitive advantage through a wide range of lifestyle services and deep understanding of market demands and data analysis capabilities[10]. Strategic Initiatives - The launch of the property smart supply chain project aimed at reducing costs, improving quality, and enhancing efficiency through digital transformation[19]. - The company aims to expand its market presence in the Greater Central China region, with a strategy centered around Zhengzhou and a 500-kilometer radius[27]. - The company plans to leverage the synergistic development of multiple business segments to provide serialized product services for cities, aiming for high-standard and high-quality development[62]. - The company aims to enhance its organizational learning ability and improve overall competitiveness to better serve the Greater Central China region[45]. Operational Efficiency - The company has a strong resource consolidation and online-to-offline synergy, which enhances its cross-selling capabilities[8]. - The company is committed to digital and intelligent transformation to reduce costs and enhance efficiency, accelerating strategic, management, and service upgrades[32]. - The company has established a property management and value-added service system covering six major service units, focusing on community value-added services and smart community solutions[33]. Employee and Governance - The company has over 6,800 full-time employees, primarily located in Henan province, as of June 30, 2021[123]. - The company has implemented a performance-oriented remuneration and incentive system to enhance employee motivation and retention[124]. - The company emphasizes employee training and career development to improve overall organizational capability[126]. - The company is committed to continuously improving its corporate governance practices[155]. Future Outlook - The property management industry is expected to experience unprecedented development opportunities in local lifestyle services due to urbanization and technological advancements[22]. - The company aims to achieve steady development in residential property services, commercial property services, and urban public services through technological empowerment[62]. - The company will continue to explore various business models to build a community value-added service ecosystem, focusing on diverse and differentiated services[66].
建业新生活(09983) - 2021 - 中期财报