According to Futu News on July 18,$ZHONGAN SERVICE (02271.HK)$It officially entered the Hong Kong Stock Exchange today. It opened 3.39% higher on the first day to HK$1.22, with a turnover exceeding HK$13 million and a total market value of HK$618 million.
Market source: Futu Securities>
According to previous information, a total of 1,690 valid applications were received during the public sale phase of Zhongan Smart Life. The first-hand winning rate was 50%, and the third-hand subscription went smoothly. Futu Information compiles relevant data in the following table:
Company Overview
Zhongan Smart Life is a comprehensive property management service provider headquartered in Hangzhou, deeply rooted in Zhejiang Province and the Yangtze River Delta region. Zhongan Smart Life provides a service portfolio and is committed to providing customers with high-quality and efficient comprehensive services in the property management value chain through three main business lines (i) property management services, (ii) value-added services mainly for real estate developers, and (iii) value-added services for the community.
According to data from the China Index Institute, as of December 31, 2022, in terms of managed floor area, Zhongan Smart Living's market share in China was about 0.04%. In terms of comprehensive property management strength, the company was included in the top 100 property service enterprises in China in 2016, and the ranking rose from 82nd place in 2016 to 40th place in 2023. Furthermore, as of December 31, 2022, Zhongan Smart Living ranked 7th, 9th, and 25th respectively in the 2023 China Top 100 Property Service Companies headquartered in Hangzhou, Zhejiang and the Yangtze River Delta region.
During the record period, all of its managed construction areas were located in Zhejiang, Anhui and Shandong provinces in the Yangtze River Delta region. As of December 31, 2022, the company has a total of 139 contract projects with a total contract construction area of about 19.4 million square meters, covering 19 cities and 7 provinces in China. It has managed 95 projects. The total construction area under management is about 12.8 million square meters, covering 11 cities and 3 provinces in China. As of the final practical date, the company's three main business lines have covered the Yangtze River Delta region and a total of eight provinces in China, including Zhejiang, Anhui, Jiangxi, Shandong, Jiangsu, Yunnan, Hubei and Guangdong.
Financial Overview
In terms of financial conditions, the company's total revenue from 2020 to 2022 was 231 million yuan, 296 million yuan, and 320 million yuan respectively, with a compound growth rate of about 17.73% from 2020 to 2022. Gross profit for the same period was 86.8 million yuan, 111 million yuan, and 116 million yuan respectively, with a compound annual growth rate of about 15.77%. Net profit for the same period was 47.05 million yuan, 41.79 million yuan, and 50.94 million yuan respectively, with a compound annual growth rate of about 4.05%.
Editor/Danial