Core Viewpoint - Aolian Service Group Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with Agricultural Bank of China International as its sole sponsor [1]. Company Overview - Aolian Service is an independent provider of business and urban space services as well as community living services, primarily operating in Guangdong Province, China. The company was established in 2010 and expanded its services to the business and urban space sector in 2014, diversifying its revenue sources. Currently, Aolian Service operates in 25 provinces across China [5]. Financial Performance - The company's revenue for the years 2022, 2023, and 2024 was approximately RMB 342 million, RMB 431 million, and RMB 475 million, respectively. The profit for the same years was around RMB 27 million, RMB 34 million, and RMB 44 million [8][9]. - For the seven months ending July 31, 2025, the revenue was approximately RMB 293 million, with a profit of about RMB 27 million [8][9]. Service Segmentation - Aolian Service's offerings are divided into two main categories: business and urban space services, and community living services. The business and urban space services include property and facility management, as well as municipal management services. Community living services encompass basic residential property management and community value-added services [5]. Revenue Contribution - The revenue from business and urban space services has been a significant pillar for the company, contributing approximately RMB 247 million, RMB 302 million, and RMB 307 million in 2022, 2023, and 2024, respectively. This accounted for 72.2%, 70.1%, and 64.6% of total revenue during those years [5][6]. Profitability Metrics - The gross margin for business and urban space services remained relatively stable at 8.3% in 2022 and 8.0% in 2023, increasing to 11.7% in 2024. The gross margin for community living services was stable at around 30% during the same period [6].