Futu News, February 25, this Friday $JINMAO SERVICES (00816.HK)$The announcement was announced that it will raise shares from February 25 to March 2. The company plans to issue approximately 101 million shares, including a public sale of 10.142 million shares and an international sale of 91.2695 million shares, with an issue price of HK$7.52-8.14 per share, and 500 shares per lot. It is expected to be listed on March 10.
Jinmao Services is a rapidly growing high-end property management and urban operation service provider in China, and its controlling shareholder $CHINA JINMAO (00817.HK)$ It is a top property developer in China.
The company operates three businesses, namely property management services, value-added services for non-owners, and value-added community services. It also provides urban operation services. Its scope covers its three major business lines. As of September 30, 2021, the total construction area under management of Jinmao Service is about 23.2 million square meters.
In terms of financial data, the company experienced rapid growth during the track record period. From 2018 to 2020, the company achieved revenue of RMB 575 million, RMB 788 million and RMB 944 million respectively, with a compound annual growth rate of 28.2%; recorded net profit of RMB 17.487 million, RMB 22.624 million and RMB 77.124 million during the same period, with a compound annual growth rate of 110.0%.
In the first nine months of 2021, the company recorded total revenue of 1,049 billion yuan, an increase of 57.6% over the previous year; same...