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滨江服务集团有限公司(03316.HK)

Binjiang Services Group Limited (03316.HK)

長雄證券 ·  Mar 1, 2019 00:00  · Researches

Summary of duties

Jiji is a well-known property management service provider specializing in high-end residential property in China. Through the tiring industry experience since its establishment in 1995, it has grown from a local residential property management service provider in Hangzhou, Zhejiang Province to one of the leading property management service providers in the Changjiang Delta. The cluster has three main service lines, namely, property management service, non-owner value-added service and owner value-added service, which forms a comprehensive service range covering the whole value chain of property management. According to the data of the China Index Institute, according to the positive statistics of the management and construction of the high-end property industry in 2017, Jiji ranked second in Hangzhou, fifth in Zhejiang Province and 10th in the Changjiang Delta.

Thank you very much.

Jiyi is one of the leading high-end property management service providers in the Changjiang Delta.

Centralized multi-industry management organization and service supply come from a wide range of sources of income.

The volume of service is helpful to the recognition of customers and improve the brand value of the collection.

Negative factor

May not be able to manage the filling industry according to design.

May not be able to get a new property management service contract according to the progress or standard of the contract.

The increase of staff cost and subcontract cost may slow the growth of concentration and reduce its profitability.

The purpose of the income

About 35.0% is used to collect property management companies in major cities in the Changjiang Delta and new cities such as Shenzhen.

About 25.0% is used to update the management service system

About 20.0% is used to invest in the asset management platform.

About 10.0% is used to set up a joint venture company or platform through cooperation with local governments and property developers, as well as the existing

Cooperation platform, in order to "bigger than the local city share"

About 10.0% is used for general financial assistance.

The translation is provided by third-party software.


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