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Summary
We are a comprehensive and fast-growing property management services provider in China, offering diversified property management services for both residential and non- residential properties. According to CIA, we were ranked 19th, 20th and 24th among the Top strength 100 Property Management Companies in the PRC in terms of overall in 2021, 2020 and 2019 (2021中國物業服務百強企業第19名,2020中國物業服務百強企業第 20名和2019年中國物業服務百強企業第24名), respectively. According to CIA, we were one of the top 10 companies among the Top 100 Property Management Companies in the PRC in terms of growth (中國物業服務百強企業成長性10強) in 2019, and one of the leading companies among the Top 100 Property Management Companies in the PRC in terms of growth (中國物業服務百強成長性領先企業) in 2020. In 2021, we were recognized as one of the leading companies in terms of service quality among the Top 100 Property Management Companies in the PRC (2021中國物業服務百強服務質量領先企業), one of the leading property management companies in the PRC in terms of marketalisation of business (2021中國物業管理行業市場化運營領先企業) and one of the leading property management companies in providing high-end property management services in the PRC (2021年中國高端物業服務領先企業) by CIA. Please see “Industry Overview—Competition—Competitive Landscape” for more details on our recognitions.

We have established national presence in the PRC market by not only having a strong foothold in the Western Straits Region and Yangtze River Delta Region, but also rapidly expanding to Other Regions in the PRC market. As of December 31, 2020, we had 119 projects under our management and 91 projects we were contracted to manage but not yet delivered to us, covering 44 cities in the two major regions and Other Regions, with a total GFA under management of approximately 19.9 million sq.m. and a total contracted GFA of approximately 38.2 million sq.m.

We provide comprehensive property management services as we offer diversified property management services for both residential and non-residential properties, including a wide range of properties, such as government and public facilities, office buildings, commercial complex, hospitals, bank, schools and industrial parks. We are dedicated to provide professional and quality services by adhering to our service philosophy of “working hard to bring satisfaction and affection to our customers” (“用心讓您滿意, 努力讓您感動”), and create “quality, cozy and loving” (“有品質、有溫度、有愛”) communities that would bring better living experiences to our customers. To closely cater to diversified needs from certain of our customers, we introduced the ROYEEDS (融御) brand in 2017, which is aimed to provide tailored services to meet our customers’ needs for high-end communities.

We have established a long-term cooperative relationship with Ronshine China Group and provided services to projects developed by Ronshine China Group during the Track Record Period. We also began to provide property management services to projects developed by independent third-party property developers in 2016. We have experienced fast growth in terms of revenue as we continuously expanded our business operations and scale. In 2018, 2019 and 2020, the total revenue generated from property management services provided in relation to projects developed by Ronshine China Group and its joint ventures and associates and companies beneficially owned by Mr. Ou amounted to RMB180.6 million, RMB215.3 million and RMB265.6 million, respectively, accounting for 76.3%, 75.6% and 72.3%, respectively, of our total revenue generated from property management services for the same year, while the total revenue generated from property management services provided in relation to projects developed by Independent Third Parties amounted to RMB56.0 million, RMB69.7 million and RMB101.8 million, respectively, accounting for 23.7%, 24.4% and 27.7%, respectively, of our total revenue generated from property management services for the same year.

In 2018, 2019 and 2020, the total revenue generated from value-added services to non-property owners provided in relation to projects developed by Ronshine China Group and its joint ventures and associates and companies beneficially owned by Mr. Ou amounted to RMB140.3 million, RMB170.2 million and RMB290.3 million, respectively, accounting for 81.2%, 75.6% and 78.8%, respectively of our total revenue generated from value-added services to non-property owners for the same year, while the total revenue generated from value-added services to non-property owners provided in relation to projects developed by Independent Third Party amounted to RMB32.4 million, RMB54.8 million and RMB77.9 million, respectively, accounting for 18.8%, 24.4% and 21.2%, respectively, of our total revenue generated from value-added services to non-property owners for the same year.

Source: Ronshine Service (02207) Prospectus (IPO Date : 2021/06/30)
Listing Market MAIN
Industry Property Service and Management
Background Others
Major Business Area N/A
Corporate Information
Substantial Shareholders Ou Zonghong (73.80%)
Directors Ou Guofei (Chairman and Chief Executive Officer and Executive Director)
Lin Yi (Chief Financial Officer and Executive Director)
Chen Zhangwang (Independent Non-Executive Director)
Kwok Kin Kwong Gary (Independent Non-Executive Director)
Lin Zhongxiaolu (Independent Non-Executive Director)
Company Secretary Lin Yi
Lee Angel Pui Shan
Principal Bankers
Solicitors Conyers Dill & Pearman
Sidley Austin
Auditors KTC Partners CPA Limited
Registered Office 40th Floor, Dah Sing Financial Centre, 248 Queen’s Road East, Wanchai, Hong Kong
Share Registrars Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628]
Share Registrars Tel No (852) 2862-8628
Internet Address http://www.rxswy.com
Email Address ir@rxwy.cn
Tel No (86 591) 8820-8660
Fax No
 
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