Core Viewpoint - Guo Xin Service Holdings Limited has submitted its prospectus for an IPO on the Hong Kong Stock Exchange, indicating its intention to expand its operations and capitalize on growth opportunities in the property management sector [2]. Financial Performance - For the first half of 2025, Guo Xin Service reported revenue of 89.14 million, a 8.5% increase from 82.10 million in the same period last year. However, net profit decreased by 13.6% to 12.20 million from 14.12 million [5][6]. - The company’s revenue for the years 2022, 2023, and 2024 was 88.13 million, 115.36 million, and 196.00 million respectively, with corresponding net profits of 20.18 million, 28.08 million, and 39.04 million [5][6]. Business Expansion - Established in 2006, Guo Xin Service is a comprehensive property management and agency service provider primarily operating in Guangdong and Hunan provinces. The company plans to expand its geographical reach by acquiring Hunan Zhida Property Management [3][4]. - The number of managed properties is projected to grow from 11 in 2022 and 2023 to 41 by the end of 2024, representing a compound annual growth rate of approximately 85.5% in total managed area, which will increase from 1.6 million square meters to 5.4 million square meters [3][4]. Management Structure - The company is fully controlled by Liang Zhanwen, who holds 100% of the shares. Liang Junhao, aged 26, serves as the CEO, having joined the company in 2021 [8][13]. - Liang Zhanwen has approximately 30 years of experience in the real estate and property management industry and has been instrumental in the company's strategic direction and management [11].

Core Viewpoint - China Guoxin Service Holdings Limited has submitted its listing application to the Hong Kong Stock Exchange, with Fosun International Capital as its sole sponsor. The company ranks among the top 40 in the Greater Bay Area property management and agency services market, holding a market share of 0.08% as of 2024 [1][3]. Company Overview - Established in 2006, Guoxin Service is a comprehensive property management and agency service provider in Guangdong and Hunan provinces, recognized for its influential brand and excellent reputation [3]. - The company has received multiple accolades, including being listed among China's top 100 property service enterprises and recognized for its brand value and growth potential by various authoritative institutions [3]. Strategic Focus - Guoxin Service aims to provide high-quality property management services, catering to both residential and non-residential properties, including shops, hotels, schools, and public facilities [3]. - The company is strategically focused on the Greater Bay Area and Central China, regions known for their economic potential and ongoing urban development, which are expected to drive demand for quality property management services [3][4]. Financial Performance - The company's revenue increased from approximately 88.127 million RMB in the year ending December 31, 2022, to about 115.358 million RMB in 2023, representing a growth of approximately 30.9%. It is projected to further increase by 69.9% to around 196.005 million RMB in 2024 [5]. - For the six months ending June 30, 2024, revenue is expected to rise by 8.6% from 82.101 million RMB to 89.135 million RMB in 2025, reflecting growth in property management, agency, and value-added services [5]. Market Position - Guoxin Service believes it is well-positioned to seize growth opportunities in the industry due to increasing market recognition, comprehensive service offerings, and strong support from its controlling shareholder [4].

Core Insights - China Guoxin Service Holdings Limited has submitted an application for listing on the Hong Kong Stock Exchange, with Fosun International Capital as the exclusive sponsor [1] - The company, established in 2006, is a comprehensive property management and agency service provider in Guangdong and Hunan provinces, expanding its reach through the acquisition of Hunan Zhida Property Management [1] Company Overview - The company is the fourth largest market participant in the property management and agency services market in the Greater Bay Area, with a market share of 0.08% [1] - It ranks among the top 40 in the Greater Bay Area property management services market and the top 50 in Hunan province, with a market share of 0.06% [1] Financial Performance - The company has seen growth in the number of managed property projects, managed area, and contracted building area, leading to increased revenue [2] - Revenue for the years ending December 31 for 2022, 2023, and 2024 was approximately RMB 88.1 million, RMB 115.4 million, and RMB 196.0 million, respectively, reflecting a compound annual growth rate (CAGR) of about 49.1% from 2022 to 2024 [3] - Net profit for the same periods was approximately RMB 20.2 million, RMB 28.1 million, and RMB 39.0 million, with a CAGR of about 39.1% [3] Client Base - The controlling shareholder's group is the largest client of the company, contributing 100% of revenue in 2022, 99.4% in 2023, and 73.8% in 2024 [3] Future Developments - The company has contracted to manage a non-residential project with a government-affiliated agency in Hunan, covering over 15,000 square meters [4] - It has also signed memorandums of understanding with two independent third parties for property management services for commercial properties with estimated contracted areas of approximately 60,000 square meters and 264,000 square meters [4] - The establishment of Zhaoqing Xinzhu Meiju aims to provide interior decoration services for managed residential units, expanding the range of community value-added services [4]