深物业A(000011) - 深物业A调研活动信息

Group 1: Company Overview - The property management business is one of the three main business segments of the company, managing over 2 million square meters of property, with approximately 30% in park management and about 40% in residential management [2][3] - In 2019, the property management business generated nearly 1.2 billion RMB in revenue, a year-on-year increase of 13%, accounting for about 30% of total revenue, with a net profit of approximately 129 million RMB [3] Group 2: Property Management Segments - As of the end of 2019, the company managed nearly 8 million square meters in park management, over 8 million square meters in residential, over 1 million square meters in commercial office, 2 million square meters in cultural tourism, and less than 1 million square meters in public buildings [3][4] - The gross profit margin for park management is generally higher compared to other segments [3] Group 3: Growth Strategies - The company aims to expand its managed property area by no less than 10 million square meters through both organic growth and acquisitions [3][4] - Over 80% of the company's property management projects are developed through market-driven expansion, participating in tenders or client referrals [4] Group 4: Market Challenges and Management - The company participates in public market tenders but focuses primarily on urban renewal and old city transformation due to the challenges involved [4] - The net growth of property management projects is around 1 million square meters annually, with pricing subject to market conditions [4] Group 5: Stakeholder Engagement - The company has not yet implemented equity incentives but has employee participation in real estate projects [4][5] - The collaboration with Aima Ke aims to enhance business synergy and learn advanced management techniques in high-end services [5]