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Public company info - Kaisa Prosperity Holdings Limited , 02168.HK
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Kaisa Prosperity Holdings Limited, 02168.HK - Company Profile
Chairman Liao Chuanqiang
Share Issued (share) 154,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Property Management & Agency
Corporate Profile Business Summary: The Group engages in the provision of property management services, which includes management of properties, maintenance and repair of buildings and ancillary facilities, community security management, car-park management, equipment installation, and property consulting services. Performance for the year: Total revenue for the year ended 31 December 2020 increased by approximately 37.1% to approximately RMB1,730.1 million from approximately RMB1,261.9 million for the year ended 31 December 2019.Profit attributable to owners of the Company for the year ended 31 December 2020 increased by 35.4% to approximately RMB222.0 million from approximately RMB163.9 million for the year ended 31 December 2019. Business Review PROPERTY MANAGEMENT SERVICES As of 31 December 2020, the Group’s property management services covered 51 cities across 15 provinces, municipalities and autonomous regions in China, with a total GFA under management reaching 57.5 million sq.m. and a total of 435 managed properties, comprising 195 residential communities and 240 non-residential properties, showing strong momentum in market expansion and diversified property portfolio. the Group focused on public urban services and moved towards holistic management services. PRE-DELIVERY AND CONSULTING SERVICES Leveraging on the Group’s property management expertise, the Group offered a wide range of pre-delivery and consulting services to address the issues arising during each major stage of a property development project. The Group deployed onsite staff to provide security, cleaning, concierge and maintenance services to property developers for property construction sites, pre-sale display units and property sales venues at the early stages of a property development project. Meanwhile, it also provided consulting services to other property management companies with respect to the management of properties. In 2020, the Group’s revenue generated from providing pre-delivery and consulting services amounted to approximately RMB623.3 million, which accounted for approximately 36.0% of the total revenue for the year ended 31 December 2020, representing an increase of approximately 33.3% as compared to approximately RMB467.5 million in 2019. In particular, approximately RMB543.0 million was generated from the provision of services to Kaisa Group and its associates and its joint ventures, which accounted for approximately 87.1% of the total pre-delivery and consulting services revenue for the year ended 31 December 2020, representing an increase of approximately 32.3% as compared to approximately RMB410.4 million in 2019. Due to the enhanced market reputation and business influence accumulated by the Group over the years, the number of projects from independent third parties for predelivery and consulting services increased steadily from 55 as of 31 December 2019 to 78 as of 31 December 2020. COMMUNITY VALUE-ADDED SERVICES In 2020, the Group’s community value-added services focused on “home living services”, aiming at enhancing operational capabilities and improving service capabilities and profitability of major businesses at major locations. The Group organised its business from a service-oriented perspective, with a view to deepening its development gradually, building a professional brand of individual services as well as improving service quality and professionalism. Certain businesses have been affected by the pandemic and policies to varying degrees and temporarily slowed down the pace of progress. However, during the reporting period, the total revenue of community value-added services still recorded a growth of 11.4%, reaching approximately RMB135.3 million. After excluding the car parking lot and software development; revenue of community service business increased by 65.7% to approximately RMB78.0 million. The professionalism and profitability of community service business have been steadily improving. SMART SOLUTION SERVICES Jiake Intelligent has always adhered to the development concepts of “customer first, quality first and innovation” to improve the Group's overall comprehensive strength of innovative research and development. It continued to make efforts in various business fields such as smart medical care, smart education, smart transportation and smart industry, and integrated resources. At the same time, Jiake Intelligent remain focus on deepening the third-party market and expanded its business presence and project formats continuously to facilitate the construction of smart cities. In the future, it is committed to providing overall solution services for smart cities and setting a benchmark in the field of smart cities. As of 31 December 2020, revenue from smart solution services was approximately RMB177.8 million, representing an increase of 56.8% year-on-year. The gross profit amounted to approximately RMB54.5 million, representing an increase of 59.9% year-on-year, and the gross profit margin was 30.6%, which was an increase of 0.6 percentage points year-on-year. In 2020, the overall business contract volume amounted to approximately RMB218.9 million. Among them, the intelligent third-party business achieved an increase of about RMB55.1 million, while the intelligent product sales business achieved an increase of about RMB10.7 million. Prospects: In view of the current situation, in order to continue to enhance the Group's competitiveness and increase market value, the Group strives to explore new trends in the development of the industry, respond to government policies and build brand value. the Group are determined to promote the development of the property management industry and to provide the industry with reasonable and healthy growth, as well as an extensive promotion of property management value to create more value. Looking into the future, the Group will maintain the Group's past business advantages, and further grasp the opportunities for transformation and upgrading of urban public services through multi-point layout with momentum. At the same time, the Group will increase cooperation with state-owned platforms to cultivate in depth from the pilot cities and gradually spread it across the country and other core business districts. the Group are building a governmententerprise joint venture platform, while actively carrying out government-enterprise cooperation, undertaking the functions of property cities, and creating a comprehensive urban integrated service model. Looking into the future, the Group plans to extend its diversified investment and development by building on its existing property management portfolio, expanding the Group's business portfolio and introducing high-quality upstream and downstream companies along the industrial chain for business extensions. Meanwhile, the Group will sort out and cultivate high-potential targets in advance, and carry out targeted cooperation. the Group will invest in high-quality projects in the community value-added services and smart solution service industries to strengthen and upgrade the Group's existing business.

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