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鑫苑服务(01895.HK)新股速递:鑫苑物业服务集团有限公司

Xinyuan Service (01895.HK) New Stock Express: Xinyuan property Services Group Co., Ltd.

致富證券 ·  Sep 25, 2019 00:00  · Researches

An overview of integration

The collection provides extensive services to property developers, owners and residents, including pre-delivery and post-delivery services, including (1) property management services, (2) value-added services and (3) pre-delivery and query services. In terms of property management services, the collection provides traditional property management services such as cleaning and health, security, storage and maintenance. The purpose of value-added services is to improve the living standards and living system of owners and dwellers through various channels (including "Xin Yi" platform), including public utilities, payment services and home life services. Pre-delivery and query services are mainly provided to property developers, including the provision of coordination services to property developers in the pre-delivery period or when the property industry is put into market sale, and in the early stage and construction stage of the property industry. provide advice on project planning, design management and construction management to property developers.

Negative factor

Most of the property management industry is developed by Xinyuan Real Estate. As of the end of 2018, about 84.3% of the revenue generated by the property management service comes from the property developed by Xinyuan Real Estate. If there is any adverse development in the development of Xinyuan property Group or its ability to develop new property, it may have an impact on its ability to acquire new property management projects.

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