According to HKEx documents, on February 25, Jinmao Property Development Co., Ltd. launched a global offering of more than 100 million shares, including 10.14 million Hong Kong shares sold in Hong Kong and 91.26 million shares sold internationally. The offering price ranges between HK$7.52 and HK$8.14 per share, with a maximum of HK$825 million expected.
The annual revenue growth rate is stable, and we are actively trying to expand our business
The offering time of the shares is from 9:00 today to 12:00 noon on March 2, and can be traded on the Stock Exchange from March 10, with the stock code 00816 and the trading unit is 500 shares.
For reference, between 2018 and 2020, the annual revenue of Jinmao Services will increase by about 200 million yuan in turn, with a compound annual growth rate of about 28%. In the first nine months of last year, the total revenue was 1.049 billion yuan, and also as of September last year, the overall gross profit margin of Jinmao services reached 29.6%, which was mainly due to the introduction of consulting and other value-added projects. With the expansion of urban coverage and density and the introduction of new services, the annual income development is expected to rise again in the future.
It is understood that the proceeds of the IPO of Jinmao Property will be invested in investment and mergers and acquisitions of other property companies, expand the scope of business dealings with suppliers of partners, and do a good job in planning, organizing and coordinating management systems for business activities, as well as other general purposes.
Multi-dimensional quality service supply, stable and sustainable land projects
Jinmao Property Development Co., Ltd., one of the branches of China Jinmao, has built a multi-city layout nationwide, with a focus on some first- and second-tier core cities, with a management area of about 23 million square meters, covering 96 residential projects and 41 non-residential projects. In addition to providing property management services for multi-type residential and non-residential projects, Jinmao Property also provides additional value-added services for owners, and the diversified service portfolio helps to maximize the value and effective functions of the company.
Jinmao Property is committed to providing consumers with high-end and high-quality property management services, and the property management fees that need to be paid are correspondingly higher than the average price of the industry. According to data such as customer satisfaction and retention, while the positioning is high, Jinmao Property also effectively guarantees that consumers can enjoy high-quality services.
It is worth mentioning that Jinmao Property, as the only property service provider under China Jinmao, benefits from China Jinmao's well-reserved land projects and urban operation projects, and has China Jinmao's projects as a source of cooperation and supplement, providing Jinmao Property with a steady stream of sustainability and stability.
Digital intelligent community operation to enhance the value of Jinmao fu products
Dongsan Jinmao Mansion is one of the masterpieces of the government system under the Jinmao City Operation Project in China, adjacent to the Guomao CBD, located in the Dongsan International Settlement Plate, which is first planned and then developed, and naturally brings together a series of perfect supporting facilities. It is worth mentioning that the project is a new luxury science and technology house with a construction area of 120-200 square meters, which is a high-end residence in the new era created by combining design and technology.
Although the success of Dongsan Jinmao Mansion is inseparable from the perfect planning, its high-quality and high-reputation property management services have also played an influence that cannot be underestimated. Jinmao Property has upgraded the original "Zhen Service System", and used a full range of services in basic cleaning, nursing, home improvement design, and even personal customization to provide users with meticulous care, and built a sufficiently complete guarantee backing for Jinmao House.
In the digital era, Jinmao Property is committed to creating smart community services, using artificial intelligence, Internet of Things and other technologies to build a set of intelligent systems covering life scenarios such as safety, cleanliness, parking, etc., to help provide high-performance community services and enhance user experience, and to provide reliable and convenient ecological support for residents.
Source: Sohu Focus Beijing