Desheng Real Estate Investment Service Group Co., Ltd. was listed on the Hong Kong stock market on December 17 – QNT Press Release

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Chengdu, China, December 24, 2021 /PRNewswire/ – Desun Real Estate Investment Services Group Co., Ltd. (Desun Services) (02270.HK) officially listed Hongkong On the stock market December 17.

exist ChinaThe history of the property service industry can be traced back to the early 1980s, after which the industry has developed rapidly. In 2007, the State Council formally promulgated the “Property Management Regulations”, which provided a legal framework for regulating the entire industry. Correspondingly, a more complete industry legal framework has further promoted the rapid growth of the industry. China’s Property service industry.

Today, the property service industry is entering the second stage of development, and the industry structure is rapidly evolving from a highly dispersed structure to a centralized structure.This also provides an unprecedented development opportunity for property management service companies. One of them, Desun Services Group Co., Ltd. (Desun Services) (02270.HK) officially debuted in Hong Kong Hongkong On the stock market December 17.

As a property management service company with important influence in the Sichuan-Chongqing region, Desheng Service’s commercial operation service market share ranks fifth Chengdu. The prospectus shows that the company has won many industry honors including “China’s Top Ten Property Service Companies”. Chengdu, And Top 100 Property Service Companies China.

Under the trend of accelerating industry concentration, the growth of Desheng Services has just begun.

The dual drivers behind high growth

From the perspective of operating performance, Desheng Services has achieved significant growth in the past few years.The prospectus shows that from 2018 to 2020, the company will achieve operating income RMB 63.964 million, RMB 6,9116,000 and RMB 127.922 million, Each represents a CAGR (compound annual growth rate) of 41.4%.In the same period, the company’s net profit increased year-on-year RMB 31.394 million arrive RMB 42.913 million, The compound annual growth rate is 16.9%.

The company’s property management services and value-added services are two major driving factors that have promoted the rapid growth of operating performance.

In terms of property management services, the company’s related business income doubled year-on-year RMB 30.153 million arrive 61.435 million yuan From 2018 to 2020, both residential property management services and non-residential property management services have maintained significant growth.The former from 11.303 million 2018 to 27.794 million yuan, And the latter from 18.85 million yuan arrive RMB 33.641 million.

Thanks to the increase in building area (​​total building area) under its management.According to the prospectus, from 2018 to May 31, 2021, The number of properties managed by Desheng Service increased from 4 to 30, and the building area under management increased from 533,500 square meters to 4,154,200 square meters. Among them, the residential area under management increased from 422,700 square meters to 1.8585 million square meters in the same period; the non-residential area under management increased from 110,800 square meters to 2,295,700 square meters.

According to the prospectus, there are two main reasons for the increase in floor area managed by Desheng:

First of all, as the preferred property management service provider of Desheng Real Estate Group (Chengdu Desheng Real Estate Co., Ltd. and its subsidiaries, joint ventures and associates), Desheng Services has cooperated with Desheng Real Estate Group for many years.Desheng Real Estate Group, as one of the top ten developers in sales revenue Chengdu, Can provide considerable growth…

The full story on Benzinga.com

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