2021-08-26-嘉和家业-碧桂园服务（06098）_半年营收过百亿_合约管理面积突破12亿平方米_8页_459kb

Summary of the Research Report on Country Garden Service

The report, published by嘉和家业（上海）信息技术有限公司 on August 26, 2021, analyzes碧桂园服务 (Country Garden Service), a leading Chinese property management company. Key findings include:

• Company Overview:碧桂园服务 is a top-tier property management firm with a focus on integrated community and city services. Its headquarters are in Shanghai, with offices in Beijing, Shenzhen, Wuhan, and Chengdu.

• Financial Performance (as of June 2021):

  • In-managed area reached 6.44 billion square meters, the largest in the industry.
  • Total revenue was 115.6 billion RMB, with 84.3% year-on-year growth.
  • Gross profit was 38.6 billion RMB, and net profit was 22.26 billion RMB, achieving strong financial growth and profitability.

• Growth Drivers:

  • Scale expansion: In-managed area increased, supported by reserves and acquisitions like满国康洁 and福建东飞, enhancing city services.
  • Community value-added services saw double-digit growth, particularly community and local media services, contributing to overall revenue increase.

• Business Segments:

  • Core property management services.
  • Diversified offerings including non-owner services, "three supplies and one industry" business, and city services.
  • Income breakdown highlights growth in community and non-owner services, with urban services being a key focus area.

• Strategic Insights:

  • Emphasis on digital transformation to improve services.
  • Investment in community life services and city governance to support long-term goals.
  • Future prospects include expanding into city services and community ecosystems.

The report emphasizes碧桂园服务's leadership in the property industry, noting its potential to achieve higher revenue targets through strategic expansions and diversified offerings.