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Public company info - Ye Xing Group Holdings Limited , 01941.HK
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Ye Xing Group Holdings Limited, 01941.HK - Company Profile
Chairman Wu Guoqing
Share Issued (share) 405,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Property Management & Agency
Corporate Profile Business Summary: The Group is primarily engaged in the provision of property management services and commercial operational services. Performance for the year: In 2019, the group achieved revenue of RMB273.6 million, an increase of 8.9% year over year; realized gross profit of RMB94.5 million, an increase of 15.6% year over year; realized core net profit RMB41.6 million (excluding the effect of listing expenses), an increase of 11.9% year over year. The gross profit margin and net profit margin in 2019 were 34.5% and 15.2%, respectively, marking an increase of 2.0% and 0.4% compared with 2018, respectively. Business Review Property management services The increase of revenue generated from property management services was approximately RMB19.8 million year-on-year, or about 11.7%, of which the revenue generated from residential properties was approximately RMB9.8 million or approximately 9.6% and the increase in non-residential properties of approximately RMB10.0 million or approximately 15.0%. The increase of revenue generated from property management services was mainly due to one residential property and three non-residential properties were newly delivered during the year. As a result, the GFA under management increase from 4.6 million sq.m. for the year ended 31 December 2018 to 4.9 million sq.m. for the year ended 31 December 2019. Property developer related services The increase of revenue generated from property developer related services was approximately RMB1.4 million or about 2.2% from RMB62.5 million for the year ended 31 December 2018 to RMB63.9 million for the year ended 31 December 2019. The Group provided sales assistance services for two new projects in Guangdong province and Shanghai respectively, which contributed an additional revenue of approximately RMB0.9 million. Value-added services The revenue generated from value-added services increased approximately RMB1.2 million or 6.1% from RMB19.4 million for the year ended 31 December 2018 to RMB20.6 million for the year ended 31 December 2019. The increase mainly due to the increase in revenue generated from leasing of common areas of approximately RMB4.3 million or about 83.7%, offset by the decrease in revenue from dis-continuing operation of (i) equipment repair and installation services and (ii) housekeeping services. Prospects: The novel coronavirus pneumonia outbreaked in early 2020, the Group actively responded to the government’s call, adhered to the front line of prevention and control of the epidemic, and did a good job of “Preventing the Coronavirus from Entering and Spreading Within a Region”. In this “war” against the epidemic, the Group ensured that the community project is well-armed, the owners are in a good mood, the rear material support is strong, and the personnel communicates are timely and effective through epidemic prevention measures such as disinfection coverage, temperature monitoring, closed management, garbage epidemic prevention, personnel protection, and vehicle inspection. With its own high-quality service and responsible attitude, the Group has built a “protective wall” for the owners, and created a safe, healthy and convenient living and working environment for the owners through continuous optimization of services. Due to the impact of this epidemic, downward pressure on domestic and foreign economies has further increased. The property management industry, as a livelihood industry and security industry, is not only less affected by macroeconomics, but also highlights its importance in the epidemic. For property management companies with laying out key areas for national development, high-quality assets and strong profitability, the Group is expected to complete a counter-trend expansion while maintaining stable growth in performance. Based on the current market situation, the Group will grasp the new development opportunities brought by landing in the capital market, focus on development opportunities in the Beijing-Tianjin-Hebei, Yangtze River Delta and Pearl River Delta regions, strengthen the depth and breadth of its business map, and achieve rapid growth in revenue and profits. Meanwhile, the Group will vigorously develop diversified operations and services, increase the proportion of value-added services, optimize the revenue structure, further increase the level of profit, and achieve continuous improvement of the efficiency of the Group. In 2020, the Group will take the listing on the Main Board of the Stock Exchange as an opportunity to actively meet new opportunities and challenges in the development of the industry. Based on the provision of high-quality property services, the Group will strive to achieve high-quality, rapid and healthy sustainable development, continue to provide customers with more valuable services and create good investment returns for investors.

Information from the financial statements of listed companies

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