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Sichuan Languang JUSTBON Services Group Co. Ltd.- H Shares, 02606.HK - Company Profile
Chairman	Yao Min
Share Issued (share)	177,000,000
Par Currency	Renminbi
Par Value	1.0
Industry	Property Management & Agency
Corporate Profile	Business Summary: The Group is primarily engaged in the provision of property management services, consultancy services and community value-added services in the PRC. Performance for the year: During the Relevant Year, the Group generated total revenue of RMB2,733.9 million, representing an increase of approximately 30.2% as compared with 2019. Gross profit of the Group was RMB975.7 million, representing a year-on-year increase of approximately 28.3%. Net profit for the year was RMB550.0 million, representing a year-on-year increase of approximately 23.8%. Profit attributable to the owners of the Company amounted to RMB533.2 million, representing an increase of approximately 24.1% as compared with 2019. The basic earnings per share for the Relevant Year was RMB2.99 per share. Business Review Persevering with high-quality, steady expansion of business with a focus on residential properties In 2020, under the Group’s “1 + 1 + N” strategy, the Group strengthened its leading position in southwest China, focused on development in eastern China, and expanded its geographical presence across China. During the Relevant Year, the Group has been expanding its business scale through various means, including managing properties developed and delivered by its parent company, mergers and acquisitions, strategic cooperation with third-party property developers, public tenders, and entering into service engagements with property owner associations. As at 31 December 2020, the GFA under management and contracted GFA of the Group were 129.9 million sq.m. and 213.7 million sq.m., respectively, representing an increase of approximately 81.2% and 82.8%, respectively, as compared with 2019. By virtue of its business management capabilities and advantages, realizing considerable operating value The Group has 20 years of experience in commercial operations and services, focusing on servicing various commercial projects such as commercial streets, specialized markets, community businesses, office buildings and apartments. The contracted GFA of the Group’s commercial projects is approximately 6.4 million sq.m., of which 62 are key commercial operation projects. The Company operates projects such as Chengdu Golden Lotus Specialized Apparel Market (成都金荷花服裝專業市場), Shuadu Chunjiang Huayue Featured Street (耍都春江花月特色街區), commercial and office buildings of Chengdu Champagne Plaza (成都香檳廣場), and Chengdu Airport Headquarter Base (成都空港總部基地). The above-mentioned projects, with huge business potential and economic value, have become an important window for Chengdu to show its features. Innovating with the “Justbon Life Pro (嘉寶生活家)” value-added service model, and constructing a full-cycled value chain for residential living The Group’s “Justbon Life Pro (嘉寶生活家)” mobile application strives to build a full-cycled and comprehensive service model that covers residential living products, housekeeping and cleaning, housing decoration and maintenance, and fixed asset management. As at 31 December 2020, the Group’s “Justbon Life Pro (嘉寶生活家)” mobile application had accumulated and attracted around 1,000,000 registered users. The Group provides services including residential living products, housekeeping and repairs, travelling and automobile maintenance. During the Relevant Year, the Group recorded a breakthrough in sales volume of its innovative turnkey and move-in furnishing and customised decoration services and was expanding its residential property agency, real estate brokerage, car park sales businesses at the same time. In 2020, the Group recorded revenue from its community value-added services in the amount of RMB624.5 million, representing a year-on-year increase of approximately 39.0%. Through diversifying the portfolio of community value-added services, the Group has built a richer profit model and a more stable profit structure. Prospects: In 2021, the Group will closely follow contemporary trends and continue developing its three core business lines of property management services, consulting services, and community value-added services, with strong emphasis on brand leadership and customer satisfaction. Taking advantage of the rapid growth and transformation of the property management industry in China, the Group believes that it is well-positioned to achieve high-quality growth focusing on both profitability and scale with access to capital and technology.

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