WORLDUNION(SZ:002285)2022-12-06 09:44Group 1: Market Insights - The current real estate market is experiencing a hot phase, which may lead developers to reduce reliance on agency services [1] - A stable growth phase is deemed most suitable for the new housing agency industry, as both overheating and cooling markets are unfavorable [1] - The company has entered over 120 communities, controlling approximately 3% of the market, indicating potential for future growth [1] Group 2: Community Management Business - The community management business is a key strategy for the company to tap into existing assets, currently covering over 5,000 communities [1] - There are approximately 180,000 existing communities nationwide, with 60% of wealth concentrated in first-tier cities, highlighting significant demand for asset management services [1] Group 3: Long-term Apartment Business - The core competencies of the long-term apartment business include asset judgment, acquisition, and operation capabilities [2] - The company adopts a primarily centralized approach with supplementary decentralized methods for its apartment business [2] Group 4: Employee Expansion and Financial Performance - The IT and financial departments are experiencing the fastest growth, aligning with the company's shift towards new business areas [2] - Since 2013, profit growth has lagged behind revenue growth due to the company's transitional phase and the need for early-stage investment in innovative businesses [2]