Core views:

As of the end of June 2021, Hehong Services had a management area of 27.108 million square meters, a year-on-year increase of 132.5%. The growth rate was among the highest among property companies that have published the 2021H1 semi-annual report, demonstrating the company's ability to grow rapidly; the contract management area was 35.2 million square meters, a year-on-year increase of 141.1%. The rapid expansion of scale has enabled Hehong Service's various business data to maintain rapid growth, and the growth rate is at the forefront of the sector.

The reason behind this rapid growth is the company's frequent mergers and acquisitions. Since June 2020, Hehong Service has acquired a total of 8 property companies, with a total contract amount exceeding 300 million yuan, demonstrating the company's ambition in mergers and acquisitions.