, the property management business segment of China Resources Vientiane (01209.HK), which has been listed for less than two years, is "weaned" in the total area of management, and less than half of the area from the parent company.
↑Data picture According to Visual China
August 31, China Resources Vientiane Life's 2022 interim performance report showed that the operating income of html in 5 periods was 5.278 billion yuan, and increased by 31.5% year-on-year; net profit was 1.03 billion yuan, a year-on-year increase of 27%.
China Resources Vientiane Life’s business segments include residential property management services, commercial operations and property management services. Among them, the residential property management service sector revenue was 3.354 billion yuan, a year-on-year increase of 40.2%; the commercial operation and property management service sector revenue was 1.924 billion yuan, a year-on-year increase of 18.5%.
performance report shows that the growth of revenue comes from the third aspect of growth brought about by acquisitions and market expansion. During the html period 6, China Resources Vientiane Life Property had a total area under management, with a third-party contract area of more than 50%, and a new third-party contract area of 132 million square meters, an increase of 650.1% year-on-year. This includes market-oriented direct expansion contract area of 22.2 million square meters, and obtaining urban public spaces such as Nanhu Street, Luohu District, Shenzhen and Sungang Street "property management city" services.
The third aspect also comes from China Resources Vientiane’s acquisition of Yuzhou Property, Zhongnan Services and Jiuzhou Property, with a total managed area of 253 million square meters.
Interim results were released on the day of the release of CRV Vientiane Life, Yu Linkang, president of CRV Life, said at a media conference call that in terms of mergers and acquisitions, whether it is property management or business management, it will actively pay attention to market opportunities. He explained the company's merger and acquisition principles. First of all, the merger and acquisition target company should operate stably and have a financial standard, and match the strategic development direction of China Resources Vientiane Life, which can improve regional management concentration; at the same time, the valuation is reasonable; and the merger and acquisition target project is good and has a certain scale.
Red Star News Reporter Yu Yao Intern Reporter Cheng Luyang
Editor Yu Dongmei He Xianfeng
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