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Public company info - Agile Group Holdings Limited , 03383.HK
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Agile Group Holdings Limited, 03383.HK - Company Profile
Chairman Chen Zhuo Lin
Share Issued (share) 3,917,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Property Development
Corporate Profile Business Summary: The Group is principally engaged in property development, property management, hotel operations and property investment. Performance for the year: The Group’s revenue and gross profit were RMB80,245 million and RMB24,102 million respectively, representing an increase of 33.2% and increase of 31.3% when compared with last year;  profit attributable to shareholders of the Company and core net profit attributable to shareholders of the Company were RMB9,475 million and RMB8,346 million respectively, representing an increase of 26.1% and increase of 23.3% when compared with last year. Business Review In respect of diversified businesses, the Group’s property management, environmental protection, A-City Group Limited (“A-City”), urban renewal, real estate construction management and commercial continued to generate on synergies. During the year, the Group’s property management and environmental protection recorded a year-on-year revenue growth of 119.5% and 51.6% respectively, continuing to provide solid revenue to the Group. Renaming of A-Living and Completion of Acquisition of CMIG PM During the Year, “A-Living Smart City Services Co., Ltd.” (“A-Living”) forged ahead to seize the trend of industry upgrading and transformation, and comprehensively upgraded itself to a smart city service platform. A-Living officially changed its company name from “A-Living Services Co., Ltd.” to “A-Living Smart City Services Co., Ltd.” with an aim to break through the service boundaries and establish a strong foothold in the blue ocean market with a market size exceeding trillions of yuan. As at 31 December 2020, the GFA under management and contracted GFA of A-Living (excluding GFA of consultant projects and its associates) were 374.8 million sq.m. and 522.6 million sq.m., respectively. Among which, the contracted GFA from Agile and Greenland Holdings Group Company Limited amounted to 82.1 million sq.m. and 53.1 million sq.m., respectively, representing an increase of 6.5% and 32.5% as compared with that as at 31 December 2019. The contracted GFA from third-party projects amounted to 387.4 million sq.m.. The newly obtained contracted GFA exceeded 205.7 million sq.m., representing a significant increase of 113.2% compared with that as at 31 December 2019, and accounting for 74.1% of the total contracted GFA. The proportion of the contracted GFA from third-party projects increased significantly. With its comprehensive strengths and brand influence, A-Living leaped to the 4th of the “2020 Top 100 Property Management Companies in China” and was included in the Hang Seng Composite Index, and eligible stocks for Shenzhen-Hong Kong Stock Connect, etc. during the year. Proposed Spin-off and Listing of Two Businesses of A-City The Group proposed the spin-off and separate listing of the shares of A-City Group Limited (“ACity”), a subsidiary of the Company, on the main board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”). Upon completion of the proposed spin-off and listing, the Company is expected to have an interest of not less than 50% in A-City and A-City will remain as a subsidiary of the Company. In August 2020, the Group held a brand launch with the theme of “Beauty of Smart Home” for the brand new of A-City, releasing a new brand philosophy and a new vision. Looking forward, as a leading “Ecological Habitat Service Provider”, A-City will focus on two business segments including ecological landscaping service and intelligent home and decoration services in line with its brand mission of “Building Smart Spaces”. As at 31 December 2020, A-City had spanned 203 cities in 31 provinces in China, with long-standing stable cooperation with the leading property developers in China. The Development Strategy of “1 Core, 4 Drivers and N Wings” for the Environmental Protection Business During the year, following the development strategy of “1 Core, 4 Drivers and N Wings”, the environmental protection business of the Group focused on hazardous waste treatment while engaging in selective projects of energy and power generation, ecological industrial parks, environmental protection water treatment and ecological restoration. As at 31 December 2020, the environmental protection business had a total of 48 projects, including 32 hazardous waste treatment projects, 7 domestic waste-to-energy projects, 4 integrated industrial park projects and 5 water treatment projects. During the year, revenue generated from the environmental protection business amounted to RMB2,289 million, representing an increase of 51.6% when compared with last year. The revenue growth led the industry. The Group was honoured as a “leading enterprise in the field of hazardous waste” for three consecutive years. Further Expansion of the Real Estate Construction Management Business During the year, the Group further expanded its real estate construction management business in core urban clusters including the Yangtze River Delta, the Pearl River Delta and Chengyu, with 18 newly contracted agent construction projects and an accumulated value of saleable resources exceeding RMB110.0 billion. With its comprehensive strength, the real estate construction management business was honoured as a “Leading Enterprise in Real Estate Project Management Operation (TOP2)” by China Real Estate Top 10 Research Team and China Index Academy during the year. The Urban Renewal Business Focusing on the Greater Bay Area While Further Expanding into Northern China Region and Central China Region The Group has been developing its urban renewal business since 2017 and expanding related developments such as old village redevelopment, old factory redevelopment, urban redevelopment and shanty town redevelopment. In June 2020, the Group formally established the Urban Renewal Group. Adhering to its positioning as an “Integrated Urban Renewal Operator”, the Urban Renewal Group strived to achieve a harmonious development of the city, where residents can enjoy life, and all parties have a sustainable and mutually beneficial future. During the year, the Group successfully transformed an urban renewal project located in Taiyuan City, Shanxi Province into part of its land bank, consisting of an estimated aggregate planned GFA of approximately 340,000 sq.m.. As at 31 December 2020, the urban renewal had signed 18 cooperation agreements, with businesses covering 5 provinces across China. The Group focused on the Greater Bay Area while further expanding into Northern China Region and Central China Region, and had locked-in planned GFA of 11.50 million sq.m., with a locked-in saleable resources of nearly RMB360.0 billion. Steady Development of the Commercial Business During the year, the Group’s commercial business continued its stable development. The total number of projects under management exceeded 170. These business segments covered more than 50 cities throughout China, with GFA under management of nearly 5.60 million sq.m.. In August 2020, the Flower Ridge in Agile Eden Yunnan became the second national AAAA-rated tourist attraction under the Group following Hainan Clearwater Bay. Separately, the Group has signed a brand upgrade cooperation agreement with Marriott International Group on 26 October 2020, and Shanghai Marriott Hotel City Centre will become the first “Marriott Marquis” brand hotel in China and the ninth in the world. Prospects: Entering 2021, as many countries around the world have progressively vaccinated their citizens, the economic activities of the countries around the world and all walks of life are expected to return to normal gradually. In respect of China, according to the 14th Five-Year Plan, China will accelerate the establishment of a long-term control mechanism for the real estate industry. As supporting policies are implemented, the effect of such policies will show gradually. Accordingly, the real estate market is expected to continue to grow at a steady pace in 2021. The Group firmly believes in adhering to the business model of “focusing on property development, supported by a synergy of diversified businesses”. Through the efforts of all employees, the overall business will develop steadily, and further increase the brand awareness of Agile across the nation and maintain its position in the competitive market. Meanwhile, the Group will continue to uphold its promise in corporate social responsibilities by making contribution to society through participating in charitable activities.

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