Share This

Public company info - New Hope Service Holdings Limited , 03658.HK

Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

New Hope Service Holdings Limited, 03658.HK - Company Profile
Chairman Zhang Minggui
Share Issued (share) 814,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Property Management & Agency
Corporate Profile Business Summary: The group is a well-established comprehensive property management and lifestyle service operator in China, providing property management services, value-added services to nonproperty owners, commercial operational services and lifestyle services. Performance for the year: The group’s revenue increased by 47.5% from RMB258.0 million in 2018 to RMB380.5 million in 2019, and by 54.6% from RMB380.5 million in 2019 to RMB588.3 million in 2020. the group’s net profit increased by 56.0% from RMB41.1 million in 2018 to RMB64.0 million in 2019, and by 71.6% from RMB64.0 million in 2019 to RMB109.8 million in 2020. Business Review The group was ranked 39th in the 2020 Top 100 Property Management Companies in China in terms of Overall Strength (2020中國物業企業綜合實力百強) by EH Consulting. the group’s market share by total revenue among the 2020 Top 100 Property Management Companies in China in terms of Overall Strength was approximately 0.26% accordingly to EH Consulting. As of December 31, 2020, the group managed 65 projects, and the group’s total GFA under management amounted to approximately 10.2 million sq.m. As of the Latest Practicable Date, the group’s total GFA under management further increased to 11.4 million sq.m. the group’s roots are in the Chengdu-Chongqing urban agglomeration, the engine of economic development in the Southwest China region according to Savills and EH Consulting. As of December 31, 2020, 33.4% and 28.9% of the group’s GFA under management were located in the Chengdu-Chongqing urban agglomeration and the Eastern China region, respectively, and 33.2% and 39.7% of the group’s contracted GFA were located in these two regions as of the same time, respectively. As of December 31, 2020, the property projects served by us covered 17 cities in nine provinces, one autonomous region and two municipalities in China and all of the group’s property management projects are located in the first-tier, new first-tier and second-tier cities in China. Over the years, the group have won a number of awards from well-known industry organizations for the group’s service quality and brand value, such as 2019 Golden Key China’s Excellent Service Team (2019年中國服務示範企業–中國金鑰匙獎) and 2020 Leading Chinese Brand Company in Professional Property Service Operation (2020中國物業服務專業運營領先品牌). In 2019, the group’s average monthly property management fee was RMB3.69 per sq.m., which was 57.4% higher than that of the property management service industry in China primarily because (i) the property projects under the group’s management were located in first-tier, new first-tier and second-tier cities, (ii) the residential properties under the group’s management mostly target middle or high-class property purchasers who typically require property management services of higher standards, and (iii) the group also managed commercial properties for which generally higher property management fees are charged. According to Savills and EH Consulting, the group’s revenue per sq.m. of RMB58.23 per sq.m. in 2019 ranked eighth among the Top 100 Property Management Companies in China in terms of Overall Strength and The group was awarded the 2020 Top Ten Property Management Companies in China in terms of Revenue Generating Capacity per Square Meter (2020年中國物業管理企業單坪創收十強). the group’s net profit margin was 16.8% in 2019, ranking fifth among the Top 100 Property Management Companies in terms of net profit margin according to Savills and EH Consulting primarily because (i) the group’s revenue from value-added services to non-property owners, commercial operational services and lifestyle services that generally have higher gross profit margins than property management services accounted for relatively higher percentage of the group’s total revenue, which also means that the group’s customer bases for property management services may generate diversified revenue stream from other business lines; and (ii) the group’s property management fees charged for residential properties are higher than that of the Top 100 Property Management Companies, according to Savills and EH Consulting. The group provide quality property management services and value-added services to nonproperty owners. the group also provide commercial operational services for 12 quality commercial properties in five cities, namely Chengdu, Kunming, Shanghai, Wenzhou and Nanning. the group also provide diversified lifestyle services to the group’s property owners, residents and other customers. the group’s services are closely tied to what people need in their daily lives and what property owners and businesses need for their daily operations. the group believe the group’s core value lies in the group’s ability to help the group’s individual customers live a safer and more comfortable, healthy and convenient life and assist the group’s business customers in building prosperous businesses. Prospects: The group intend to implement the following strategies to further strengthen the group’s market position in China’s property management industry: • Continue to expand in the metropolitan areas and urban agglomerations in China to increase the group’s business scale; • Focusing on the residents’ desire for a better life, connect New Hope Group’s industries to continue to enhance the group’s lifestyle services; • Continue to increase investment in technologies to improve service quality as well as operating efficiency; • Improve the operational efficiency of commercial operational services and enhance the capability of serving communities; and • Continue to improve the group’s human resources system to support business growth.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.