Hehong Service's interim financial report in 2023: adhere to the main line of high-quality development, and a number of core data hit new heights

Outstanding performance in the four years after listing, with rapid and steady growth of various indicators

In recent years, the property management industry has experienced a capital boom of rapid growth, and gradually came back to reason Sex. Since Hehong Services (06093. HK) was listed in July 2019, by the end of 2022, its operating revenue had increased from about 248 million yuan in 2019 to about 1.041 billion yuan, an increase of 319.4% in three years, and the floor area under management had increased from about 6.64 million yuan in 2019 Square meters increased to about 51.39 million Square meters, with a three-year growth of 673.5%. The business indicators and management scale have maintained a rapid and stable growth, and the first three-year (2020 – 2022) development plan goal has been fully achieved.

Stick to strategy Leading and achieving new high performance

At the beginning of 2023, Hehong Service Put forward the strategic policy of [four unswerving]: [unswerving in the three-year development plan], formulated the second three-year development plan (2023-2025), and defined the new development goals of the Group; [Adhere to the unswerving foundation of service quality], take service quality as the foundation, build the quality foundation, and practice the long-term principle; [Adhere to the development line of the whole committee], make it clear that the market expansion of the whole committee is the core, the residential business is the main business, and gradually expand the non residential field, in order to achieve full business services; [Adhere to the principle of benefit sharing unswervingly], and achieve common success through co creation flat Taiwan, as well as a scientific and efficient salary system, to achieve a win-win situation for society, shareholders, employees, etc.

Under the guidance of the strategic policy of "four unswerving", Hehong Service achieved a new record of performance in the first half of 2023, achieving an operating revenue of about 647 million yuan, up 39.6% year on year. The revenue growth rate ranks the third in the growth list of Hong Kong stock property management enterprises disclosed in the financial report in the first half of 2023.

From the perspective of revenue composition, Hehong Services in the first half of 2023: the revenue from property management services is about 493 million yuan, with a year-on-year growth of 40.5%, accounting for 76.2% of the revenue and 26.7% of the gross profit margin; The community value-added service revenue was about 114 million yuan, up 56.2% year on year, accounting for 17.6% of the revenue and 48.6% of the gross profit margin; The non owner value-added service revenue was 40 million yuan, up 1.4% year on year, accounting for 6.2% of the revenue, and the gross profit margin was 32.4%. The income structure is healthy and the growth rate is stable, showing the strong momentum of Hehong's service performance growth.

Tamping The foundation of service quality, Continuously improve comprehensive strength

Hehong Service always sticks to the service concept of "Hehong's company, happy life", and regards service quality as the lifeline. In the first half of 2023, the company improved the standard of "Five Enjoyments Service System"; The "Five level Quality Inspection System" and the "Red and Yellow Card System" have been promulgated to further improve the operation capability by continuously strengthening the service quality, provide high-quality services to owners, continuously improve customer satisfaction and establish a good reputation for service.

In the first half of 2023, Hehong Service was rated 2023 China's top 100 property service enterprises ranked 29th. Since 2019, it has always been ranked The list of China's top 100 property services has risen from 44 in 2019 to 29 in 2023. At the same time, Hehong Service also won 2023 Growth of China's top 100 property service enterprises Sex leading enterprise, 2023 China's leading property technology service enterprise, 2023 Top 2 and 2023 growth rates of China's listed property enterprises Chinese listed property enterprises Independent development of TOP 5 and many other honors. Several property management projects, such as "Chongqing Hehong Jiangshan International" and "Chengdu Longxin Ten Mile Picture Scroll", won "2023 China's five-star property service project ".

The whole committee expanded its scale and continued to develop and grow again

Hehong Service, while continuously improving its quality and service capability, pursues scale development in an orderly manner, and continues to realize increment through the expansion of the whole committee. The expansion area is based on the existing service cities, constantly extending the surrounding cities, and realizing the integration of service projects. In the first half of 2023, in addition to the existing cities, we will successfully enter Suzhou, Jiangsu Province, Jiaxing, Zhejiang Province, Wenchang, Hainan Province, Zhumadian, Henan Province and other new cities to provide services for more owners.

By the first half of 2023, the number of projects under the management of Hehong Service had reached 329, an increase of 80 over the same period; The number of contracted projects was 361, an increase of 78 over the same period. The building area under management and contracted building area increased to 55.62 million respectively Square meters and 63.7 million Square meters, increased by 29.1% and 18.0% year on year. The construction area of the third party in management accounted for 84.4%, and the company independent Sexual prominence.

stick Close to the owner's living needs, rich and innovative service categories

Hehong services always focus on the needs of the owners and provide convenient value-added services for the owners. In the first half of 2023, the community value-added service income will be about 114 million yuan, up 56.2% year on year. While improving service quality The growth of total revenue continues to contribute.

Hehong Service In recent years, we have continued to explore in the field of community value-added services. Community value-added services have transformed from traditional diversified business services to housing rental and sales, home decoration, home-based elderly care, community tourism and other businesses that are more suitable for the needs of owners, creating a value-added service brand of [Hehong Selection]. [He Hong Zeng Xuan] flat Taiwan has established partnerships with local businesses where Hehong services are located, adding local high-quality local specialty goods to community retail and group buying, and providing more choices for owners to live a better life.

epilogue

Hehong Service has made outstanding achievements in the first half of 2023, with high growth in various performances Sex. face The continuous development of the real estate industry Downward, the property service market is facing new challenges. Under the guidance of the "four unswerving" strategic policy, Hehong Service, through rapid and high-quality development, provides high-quality and efficient services to owners, shareholders and More return on capital for investors.

Hehong's service is expected in the future.

Disclaimer: There are risks in the market, so you should be careful! This article is for reference only, not for sale basis.

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