Comprehensive overview

The Group is an integrated property management service provider, mainly in Henan Province, providing a series of management services for residential and commercial properties, office buildings, industrial parks, public properties and other non-residential properties. By the end of last year, the group had 112 properties under management, with a total construction area of about 15.7 million square meters, covering three provinces and 17 cities. According to the data of the Middle Index Research Institute, among the top 100 property management companies in China, the Group ranked 78th in terms of construction area under management as of the end of last year.

Risk factors

A large part of the Group's operations are concentrated in Henan Province, and most of its income comes from the provision of property management services for projects developed by Cambridge Group. if there is any negative development in the operation of Cambridge Group, the Group's income will also be affected. In addition, the overall salary level in the region where the Group operates has risen in recent years, putting the Group under increasing pressure on employee benefits and manpower costs as well as payment of subcontractors.