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Public company info - Ling Yue Services Group Limited , 02165.HK
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Ling Yue Services Group Limited, 02165.HK - Company Profile
Chairman Liu Yuhu
Share Issued (share) 280,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Property Management & Agency
Corporate Profile Business Summary: The group is a reputable property management company rooted in Sichuan Province with a well-established position in Western China and a presence across China. Performance for the year: The group’s revenue increased from RMB169.0 million for the year ended December 31, 2018 to RMB280.0 million for the year ended December 31, 2019, and further to RMB428.2 million for the year ended December 31, 2020, representing a CAGR of 59.2%. the group’s net profit increased from RMB14.1 million for the year ended December 31, 2018 to RMB35.4 million for the year ended December 31, 2019, and further to RMB70.3 million for the year ended December 31, 2020, representing a CAGR of 123.3%. Business Review In 2020, the group were ranked 55th among the Top 100 Property Management Companies in China in terms of Overall Strength (中國物業企業綜合實力百強) by EH Consulting. the group were also ranked 12th among Western China Top 50 Property Management Service Enterprise (中國西部物業服務五十強) by China Index Academy (中國指數研究院) in 2020. As of December 31, 2020 the group had been contracted to manage 234 properties with an aggregate contracted GFA of approximately 36.2 million sq.m., and had 174 properties with an aggregate GFA of approximately 20.2 million sq.m. under the group’s management, covering 31 cities in nine provinces, one autonomous region and one municipality. As of the Latest Practicable Date, the group’s aggregate contracted GFA and GFA under management reached approximately 37.7 million sq.m. and 20.7 million sq.m. In recognition of the group’s service quality, the group were recognized as one of 2020 Top 50 Model Chinese Property Management Companies for Customer Satisfaction (2020中國物業企業客戶滿意度模 範企業50強) and Top 50 Chinese Property Management Companies for Superior Service Capabilities (2020中國物企超級服務力五十強) by EH Consulting. the group were also awarded China Top Five Property Management Companies in terms of Quality Benchmarking Community Service (中國物企優質社區標桿服務五強) by EH Consulting in 2020 and China Five-Star Property Management Projects (中國五星級物業服務項目) by China Index Academy (中國指數研究院) in 2020. The group achieved rapid growth during the Track Record Period. the group’s GFA under management increased from approximately 8.0 million sq.m. as of December 31, 2018 to approximately 14.2 million sq.m. as of December 31, 2019 and further to approximately 20.2 million sq.m. as of December 31, 2020. In line with the increase in the group’s GFA under management, the group’s revenue increased from RMB169.0 million for the year ended December 31, 2018 to RMB280.0 million for the year ended December 31, 2019, and further to RMB428.2 million for the year ended December 31, 2020, representing a CAGR of 59.2%. the group’s net profit increased from RMB14.1 million for the year ended December 31, 2018 to RMB35.4 million for the year ended December 31, 2019, and further to RMB70.3 million for the year ended December 31, 2020, representing a CAGR of 123.3%. the group’s rapid growth in net profit during the Track Record Period was primarily the result of (i) greater economies of scale achieved during the group’s business expansion as the number of projects and total GFA under the group’s management both increased during the Track record Period; and (ii) the group’s continuous implementation of cost-saving measures. The group’s market shares by total revenue in 2019 in the PRC property management industry and the Sichuan property management industry were approximately 0.035% and 0.49%, respectively, ranked 92nd and fifth among the 2020 Top 100 Property Management Companies in China and among the 2020 Top 100 Property Management Companies in China headquartered in Sichuan Province, respectively, according to EH Consulting. the group’s market shares by total GFA under management as of December 31, 2019 in the PRC property management industry and the Sichuan property management industry were approximately 0.067% and 1.12%, respectively, ranked 88th and fourth among the 2020 Top 100 Property Management Companies in China and among the 2020 Top 100 Property Management Companies in China headquartered in Sichuan Province, respectively, according to EH Consulting. Prospects: The group strive to solidify the group’s market position as one of the leading property management companies in Western China. the group’s strategies include: (i) continue to focus on developing the group’s business in Western China and further penetrate into selected cities in other regions; (ii) further diversify the group’s property management portfolio; (iii) continue to expand the group’s value-added service offerings and enhance the quality of the group’s services and the reputation of the group’s brands; (iv) upgrade the group’s information technology system to enhance the group’s operational efficiency and competitiveness; and (v) continue to attract, train and retain professional and dedicated employees.

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