An overview of integration
Jiguan is a domestic property management service provider. As of June 30, 2020, 272 property management projects had been managed, covering a total area of 5240 million square meters, covering 30 cities in 14 provinces, municipalities and autonomous regions in China. By June 30, 2020, the fair had managed about 380 property management projects, with a total construction area of 8060 million square meters, covering 53 cities in 19 provinces, municipalities and autonomous regions in China.
The collection provides property management services, non-owner value-added services and community value-added services. The portfolio includes (I) residential property, and (ii) non-residential property, including (a) commercial property, such as property centres, luxury and serviced apartments, and (b) public and other properties, such as property, school, industrial and public property.
Negative factor
Most of the revenue of the collection company is generated from services provided for the development industry of the prosperous Development Group (002146.SZ). As of December 31, 2019, the property industry developed by the fair accounted for 99.5% of the total management area and 99.8% of the revenue from property management services. The operational or operational conditions of prosperous development or any adverse development of its ability to develop and maintain the property industry may have a significant adverse impact on the ability to maintain and develop the relationship with the prosperous development industry.