Core views:

On August 30, 2021, Rongxin Services released its first interim results report after listing.

In terms of operating performance, during the reporting period, Rongxin Services achieved operating income of 489 million yuan, an increase of 53.5% over the previous year; gross profit of 144 million yuan, an increase of 53.6% over the previous year; and net profit reached 69 million yuan, an increase of 68.5% over the previous year. The steady growth in operating performance is closely related to the growth in the area under management and the optimization of the business structure.

Among the three major business segments, value-added services showed the most impressive growth rate, with a year-on-year increase of 432.7%, but there are still shortcomings. The share of community value-added revenue is still low, only 6.20%. However, as the enterprise's “1+N” development strategy continues to advance, future community value-added service revenue will bring a steady stream of impetus to the subsequent development of the enterprise.

In addition to outstanding operating performance, Rongxin Service has also achieved excellent results in business operations. As of June 30, 2021, the company provided property management services and value-added services in more than 50 cities across the country, with management area and contract area reaching 23 million square meters and 42.2 million square meters respectively. The rapid increase in management scale is inseparable from enterprises adhering to the strategy of deepening regional cultivation. In addition to the two core regions, enterprises have also rapidly expanded their business to other economically developed regions in the country.