On April 13, according to the Hong Kong Stock Exchange filing, Dongyuan Renzhi Urban Operation Service Group Co., Ltd. (hereinafter referred to as "Dongyuan Renzhi Service") officially posted the information set after the hearing.
On November 11, 2021, Dongyuan Renzhi Service submitted its prospectus to the Hong Kong Stock Exchange, planning to IPO on the main board of Hong Kong. This is another submission after its initial submission expired on April 30, 2021.
With profits more than quadrupled in three years, seeking development through "scale".
Dongyuan Renzhi Service, spun off from Dima Holdings, is a long-established property management service provider, mainly offering comprehensive services to property projects.
According to the company's prospectus, the revenue of Dooyuan Renzhi Service increased by approximately 113.4% from about 559.2 million yuan in 2019 to about 1,193.4 million yuan in 2021, with a compound annual growth rate of about 46.1%.
For the three years ending on December 31, 2021, the annual profits were approximately 25.6 million yuan, approximately 84.5 million yuan, and approximately 130.4 million yuan, representing an increase of about 409.4% from 2019 to 2021.
It is understood that Dooyuan Renzhi Service has three business lines:
.Business management services;
.Community value-added services provided to property owners and residents under management;
.Owner value-added services.
In terms of revenue composition, in 2021, Dongyuan Renzhi's basic property service revenue, community value-added service revenue, and non-owner value-added service performance contribution rate...