Wongtee International(SZ:000056)2022-12-03 09:54Group 1: Company Overview - Shenzhen Huangting International Enterprise Co., Ltd. has achieved significant growth in 2017, with a revenue increase of 115.53% and a net profit increase of 59.42% compared to the previous year [1] - The company reported a total revenue of 7.02 billion CNY in 2017, marking an increase of 1.78 billion CNY year-on-year [1][3] Group 2: Business Segments - Real estate operation services contributed 2.14 billion CNY, accounting for 30.50% of total revenue in 2017 [3] - Financial services generated 2.47 billion CNY, representing 35.12% of total revenue, with significant contributions from cash acquisitions and financing leasing [2][3] - Property management services brought in 1.89 billion CNY, making up 26.90% of total revenue [3] Group 3: Operational Highlights - The company has expanded its real estate management scale, with new shopping center projects in Shenzhen, Xiamen, and Shantou, and has secured a 20-year operation right for the Xiamen project [2] - The brand recognition of Huangting Plaza has improved, generating a total income of 249 million CNY from rent and property management fees, with an annual foot traffic of 16.58 million [2] - The company has established a dedicated apartment management subsidiary, focusing on long-term rental apartments, and has signed management contracts for several projects [2] Group 4: Market Opportunities - The commercial operation management industry in China has a low market concentration, leading to a high demand for professional operators, which presents significant market opportunities for the company's real estate business [3] - The company employs various operational models including entrusted management, leasing, and consulting services to enhance its real estate operations [3]