Core Viewpoint - The recent personnel changes at Country Garden Services reveal a new strategic direction for the company, focusing on optimizing its organizational structure and enhancing its business innovation and transformation capabilities [1][3]. Organizational Changes - Huang Peng has resigned as Chief Financial Officer (CFO) to focus on managing the group's incubation business, while Tian Tian has been appointed as the new CFO, responsible for financial management and capital market operations [3][6]. - The organizational restructuring includes consolidating the basic property management, new business growth, and functional service sectors into a "large property sector," while the strategic incubation business will remain distinct [6][8]. Business Performance - The core property management service revenue for the first half of the year reached 13.61 billion yuan, a year-on-year increase of 6.7%. The total number of managed properties reached 8,108, covering 31 provinces and cities in mainland China, with a managed area of 1.06 billion square meters [7]. - Community value-added service revenue was 2.1 billion yuan, reflecting a 5.3% year-on-year growth [7]. Incubation Business Focus - The incubation business, overseen by Huang Peng, includes environmental services, commercial management, and asset management, among others. This segment aims to break through growth bottlenecks and explore new business opportunities [8][9]. - The "Three Supplies and One Industry" property management service area has seen significant growth, with a revenue increase of approximately 68.5%, contributing about 17.9% to total revenue [8]. Market Expansion and Challenges - In the first half of the year, the company signed 315 new contracts in the "Three Supplies and One Industry" sector, with a total contract value of approximately 1.787 billion yuan [9]. - The urban services segment reported a revenue of approximately 1.779 billion yuan, a decline of about 18.0%, while commercial management services also experienced a drop in revenue [9]. Strategic Outlook - The restructuring aims to strengthen core capabilities and enhance organizational vitality, laying a solid foundation for long-term stable development and improved market competitiveness [10]. - Analysts believe that the adjustments will allow Country Garden Services to address common challenges in the property industry while creating space for high-value innovative business incubation [10].
碧桂园服务，高管变动