Zhitong Financial APP learned that according to the disclosure of the Hong Kong Stock Exchange on April 13, Dongyuan Renzhi City Operation Services Group Co., Ltd. was listed through the Hong Kong Stock Exchange, with Guotai Junan International as the exclusive sponsor.
Dongyuan Renzhi City Operation Services Group Co., Ltd. is a property management service provider that provides comprehensive services for many property projects in China and has a fast-growing track record. According to the data of the Middle Index Research Institute, in terms of comprehensive strength, Dongyuan Renzhi Service ranks 20th among the "Top 100 property Service Enterprises in China in 2021". According to the data of the Middle Index Research Institute, in terms of comprehensive strength, Dongyuan Renzhi Service ranks 5th and 9th among the "Top 100 property Service Enterprises in 2021" with headquarters in southwest China and the Yangtze River Delta region, respectively.
The company has been providing property management services in China for more than 17 years. As of December 31, 2021, the company operates in two major regions of China, namely, Southwest China and East China. Over the years, the company's development strategy has been to expand its business portfolio in existing cities where the company's property projects are located, while entering new cities that the company believes have high growth potential. As of December 31, 2021, the company has 325 property projects under management, including residential and non-residential properties, covering 51 cities in 16 provinces, autonomous regions and municipalities directly under the Central Government, with a total construction area of about 28.2 million square meters. Of these, 133 are residential properties and 192 are non-domestic properties. As at 31 December 2021, the total floor area under management of residential and non-residential properties is about 20.5 million square metres and 7.7 million square metres respectively. As at December 31, 2021, approximately 50.0% of the total managed construction area of the property projects under its management came from the Dumas Group and its affiliated companies.
The company's income in 2019, 2020 and 2021 is about 559.2 million yuan (RMB, the same below), 766.8 million yuan and 1.1934 billion yuan respectively. For the same period, the gross profit was about $132.7 million, $216 million and $308.9 million respectively, and the profit for the year was about $25.6 million, $84.5 million and $130.4 million respectively.
