Core views:

On August 24, 2021, First Service Holdings (2107.HK) released its 2021 interim results report. With the introduction and gradual implementation of the national dual carbon policy and the deep integration of enterprise-level resource elements, First Service Holdings achieved simultaneous progress in various areas such as scale expansion, diversified business layout, and green technology development in the first half of 2021.

Judging from some typical data:

As of the end of June 2021, the area under management of First Service Holdings was 53,202 million square meters, an increase of 245.3% over the previous year. Among them, the non-residential business sector accounted for 59.7% of the area under management, an increase of 56.4 percentage points over the same period last year. At the end of the reporting period, the area managed by third parties of enterprises reached 40.49 million square meters, an increase of 837% over the previous year, and the share of third parties increased to 76.1%, an increase of 48.1 percentage points over the same period last year. Total revenue for the first half of the year was 509 million yuan, up 53.8% year on year; gross profit was 171 million yuan, up 51.4% year on year; net profit was 72 million yuan, up 109.9% year on year, with a net interest rate of 14.1%.