Core views:

2021H1, Nandu Property recorded a contract area of 72.156 million square meters; 63 new property service projects were signed in the first half of the year, with a new contract area of 3.894,300 square meters; in the first half of the year, Nandu Property achieved operating income of 764 million yuan; net profit of 89 million yuan, an increase of 23.9% over 2020H1; gross margin and net interest rate both reached peaks of 23.7% and 11.6% respectively in the past three years.

Looking at business segments, Nandu Property's property management services, value-added services, casefield services, apartment leasing, and other business revenues in the first half of the year were 623 million yuan, 89 million yuan, 31 million yuan, 14 million yuan and 102 million yuan respectively. Influenced by companies exploring new businesses, the gross margin of value-added services fell to 44.4%, and apartment leasing was still at a loss.

As a third party property management company, Nandu Property actively developed projects through a full committee approach and cooperation with local governments/local enterprises, resulting in a steady growth trend in the area under management and revenue growth. In terms of business lines, the company proposed in its performance report that in the future, it will continue to promote smart property construction and lay out diversified value-added services in close line with national policies.