According to Futu News on May 16,$HOLLWIN URBAN (02529.HK)$Today's dark market opened higher. It is now up 22.5% to HK$3.92, with a turnover of HK$501,900 and a total market value of HK$627 million.
Market Source: Futu Securities Securities>
Company Overview
Hongying City Service, founded in September 2015, is a leading provider of state-owned city services and operations, providing various services such as property management services, urban services, and commercial operation services. According to the nature of the business, the services provided by the company can be divided into three categories: property management services (including various property management services for public properties, commercial properties and residential properties, as well as value-added services); urban services (including landscaping and engineering, lighting system operation, parking lot operation and municipal sanitation services); and commercial operation services.
According to research by the China Index Institute, in 2023, Hongying City Service ranked 49th among the top 100 property service companies in China. For the year ended December 31, 2021, 2022, and 2023, the revenue generated by Hongying City Services from independent third parties (as customers) accounted for 57.6%, 55.6%, and 55.6% of its total revenue, respectively.
Financial Overview
In terms of financial conditions, the total revenue of Hongying City Services in 2021, 2022 and 2023 was RMB 432 million, RMB 529 million and RMB 652 million respectively. The compound growth rate from 2021 to 2023 reached 22.89%. The total profit and overall revenue for the year were RMB 408.41 million, RMB 53.596 million and RMB 70.178 million, respectively. The compound growth rate from 2021 to 2023 reached 31.08%.
Edit/Joe