Gelonghui March 31st 丨Fangyuan Life Service (09978.HK) announced its annual results announcement. In 2021, it achieved revenue of RMB 571.4 million, an increase of 106.5% over the previous year; profit attributable to company owners was RMB 19.07 million, an increase of 85.1% over the previous year; and a basic profit of 5.0 per share.
During the reporting period, the increase in revenue was mainly due to an increase of about RMB 206.6 million in revenue from property management services, about RMB 48.2 million for value-added services for non-owners, and RMB 46.4 million for community value-added services. This was mainly due to the acquisition of Fangyuan Modern Life, Jiyang Hong, etc.