As of April 1, 45 Hong Kong property stocks, excluding Nandu Property and 2 Tefa Services, have officially announced their 2020 results. (Unaudited performance of Xinyuan Service)

　　According to Wind data and a compilation of company announcements, Country Garden Services is still number one in revenue in the second-tier market property sector, with revenue reaching 15.73 billion yuan in 2020, which is about 5 billion yuan higher than Evergrande Property, which ranked second. The third and fourth places were Greentown Service and Elegant Life Service, which were 10.11 billion yuan and 10.03 billion yuan respectively. So far in 2020, 4 property companies have entered the 10 billion dollar camp in revenue.

　　Of the 43 property stocks, only Cai Life and Ye Xing Group saw revenue declines, which were -6.44% and -4.5% respectively. In the property management industry, over the past year, in particular, most property companies were in the sub-IPO stage and achieved a high increase in performance through mergers and acquisitions. This has led to a growing gap between property stocks.

　　The average revenue of 43 property stocks in 2020 was 3,098 billion yuan, but the revenue scale of 30 companies was below the average line, and the revenue scale of 14 companies was below 1 billion yuan. After listing, the effect of the stronger the strongest became prominent. Take the Country Garden service as an example. The service volume of 1 Country Garden is equivalent to 3 Shimao services, or 10 laid-back vistas. According to the ranking, Country Garden's service revenue, which ranked first, was 73.8 times that of Societe Generale IoT.