Core views:

On August 19, 2021, Yincheng Life Service released its 2021 interim results report. Looking at the scale of operation, at the end of the reporting period, the enterprise's area under management was 49.01 million square meters, an increase of about 45.4% over the previous year; the contract area was 50.09 million square meters, an increase of about 36.5% over the previous year; and the number of properties under management reached 636, an increase of 107.2% over the previous year. Judging from operating performance, during the reporting period, the company's main business revenue was 588 million yuan, an increase of about 41.0% over the previous year; the gross profit of the enterprise was about 98 million yuan, an increase of about 20.1%; the net profit of the enterprise was 44 million yuan, an increase of about 47.2% over the previous year, and the net interest rate was 7.5%, an increase of only 0.3% over the same period in 2020. Business performance has been rising steadily, but profitability is still insufficient.