Core views:

In the process of developing property services, Nandu Property analyzes the needs of the property industry and seeks the development of property enterprises, starting with industries and enterprises, in order to break the difficulties of the industry and enterprises. Investing a large amount of cash flow in business scale expansion and business innovation makes the company's cash flow tight. It is not possible to blindly pursue industry position and market share; there are many and mixed businesses. To develop urban space operations and scenario services, technology empowerment is carried out, and investment costs have little effect, and every effort is needed to create one's own characteristics.

I. Advantages and disadvantages of a snowflake-shaped business chain

Nandu Property's consulting services and urban space operation and scenario services have become one of the features of Nandu Property Services, but at the stage of joint exploration with other property companies, these two special services have not yet been able to play a pivotal role in the business form, and these two major businesses need to be viewed from a dialectical perspective.

2. Business is cumbersome and core competitiveness is insufficient

In the first half of 2020, Nandu Property focused on the above five major areas. It took a certain amount of time to accumulate and slowly explore the application of technology before it became one of the company's core competencies. Currently, it is far from enough to support it as the backbone of Nandu Property.

3. Continued expansion and business innovation, insufficient capital liquidity

From Nandu Property's accounts receivable data, it was found that bad debts are expected to account for 6.39% of total accounts receivable, and some of them have not yet been included. At the same time, Nandu Property included 14 subsidiaries in consolidated financial statements. Among them, the subsidiaries also had some debt situations.