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Public company info - Excellence Commercial Property & Facilities Management Group Limited , 06989.HK
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Excellence Commercial Property & Facilities Management Group Limited, 06989.HK - Company Profile
Chairman Li Xiaoping
Share Issued (share) 1,222,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Property Management & Agency
Corporate Profile Business Summary: The group is a leading commercial property management service provider in China. Performance for the year: The group’s revenue increased from RMB947.3 million in 2017 to RMB1,836.0 million in 2019, representing a CAGR approximately of 39.2%. the group’s profit for the year/period increased from RMB136.4 million in 2017 to RMB233.6 million in 2019, representing a CAGR of approximately 30.9%. Business Review Founded in 1999, the Group have been focusing on providing commercial property management services for about 20 years, and have established the Group’s market reputation and a premium brand. According to the F&S Report, in terms of the revenue from basic property management services provided to commercial properties in 2019, the Group ranked fourth among the commercial property management service providers in China, and second among the commercial property management service providers in the Greater Bay Area. In addition, according to the F&S Report, in terms of the revenue from basic property management services provided to high-end commercial properties in 2019, the Group ranked third among the commercial property management service providers in China, and first among the commercial property management service providers in the Greater Bay Area. The Group aim to provide comprehensive services along the industry chain to cover the full lifecycle of the Group’s customers’ properties. As of May 31, 2020, the Group had 331 projects in 34 cities under management with an aggregate GFA of 25.8 million sq.m., of which, 111 projects with an aggregate GFA of 11.7 million sq.m. were located in the Greater Bay Area. Most of the properties under the Group’s management are located in first-tier or new first-tier cities. The Group manage these properties, as well as the facilities ancillary to these properties. In addition to the more conventional basic property management services, the Group have also developed a wide range of value-added services to satisfy the Group’s customers’ needs, including asset services, corporate services and specialized value-added services. The Group are one of the few property management service providers in the market which are specialized in providing comprehensive services to commercial properties. During the Track Record Period, the properties under the Group’s management primarily include: • commercial properties, including: o office buildings and commercial complexes; and o corporate buildings and office and R&D parks; • public and industrial properties, including government properties, educational properties, medical properties, storage and logistics centers and industrial parks; and • residential properties, including residential communities and apartments. During the Track Record Period, the Group also provided finance services, apartment leasing services and other services relating to the Group’s software development and technical maintenance services. The Group intend to dispose of the Group’s finance service business after May 3, 2021, three years after the incorporation of Shenzhen Zhuotou during which equity interests in a micro-lending company cannot be transferred. See “—Finance Services” for detailed plan. The Group’s software development and technical maintenance services was provided by Zhenglian Haodong during the Track Record Period which the Group disposed in April 2020. See “History, Reorganization and Corporate Structure—Reorganization—Disposal of Zhenglian Haodong.” Prospects: The group intend to implement the following strategies to solidify the group’s leading position in China as a commercial property management service provider: (i) rapidly expand the group’s geographic presence and coverage of property types; (ii) expand the scale of the group’s operations through acquisitions and investments; (iii) continue to provide innovative value-added services; and (iv) use data analytics intelligence technologies to further enhance the group’s operational efficiency and service quality.

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