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To-be Listed
Name
/
Code
Industry Offer Price Lot Size Entry Fee Closing Date
Grey Market Date
Listing Date
REFIRE
02570.HK
Electrical Components & Equipment 145-165 20 3,333 2024/12/03 2024/12/05 2024/12/06
Dmall
02586.HK
Application Software 30.21 100 N/A 2024/12/03 2024/12/05 2024/12/06
Summary
We are an integrated property management service provider based in the capital city of China. With an operating history of over three decades, our subsidiaries have accumulated extensive experience in the property management services sector that drives our value growth and differentiates us from other market players. We have been continuously providing diversified property management services to enterprises, public institutions and residents in the capital of China. We are a well-known property management brand in China and the first property management service provider offering property management services for hutongs in Beijing, having undertaken property management and related services for influential projects in the market, including but not limited to, National Stadium (Bird’s Nest) and offices and buildings for numerous government agencies and conglomerates controlled by SASAC.

As of May 31, 2021, our contracted GFA and GFA under management amounted to 32.3 million sq.m. and 30.5 million sq.m., respectively. As of the same date, our GFA under management in the Beijing-Tianjin-Hebei Region was 27.3 million sq.m., accounting for 89.4% of our GFA under management as of the same date. As of December 31, 2020, our contracted GFA and GFA under management amounted to 31.0 million sq.m. and 29.1 million sq.m., respectively, with a market share of 0.1% in terms of GFA under management in 2020 in the property management industry in China, according to CIA. As of the same date, our GFA under management in the Beijing-Tianjin-Hebei Region was 26.0 million sq.m., accounting for 89.3% of our GFA under management as of the same date. According to CIA:

‧ we ranked 24th among Top 100 Property Management Companies in 2021 in terms of overall strength;

‧ we ranked third among Top 100 Property Management Companies in 2021 in terms of GFA under management in Beijing as of December 31, 2020;

‧ we ranked ninth among Top 100 Property Management Companies in 2021 that are based in the Beijing-Tianjin-Hebei Region in terms of total revenue in 2020; and

‧ we ranked sixth among Top 100 Property Management Companies in 2021 based in the Beijing-Tianjin-Hebei Region in terms of revenue from value-added services in 2020.

We offer diversified property management services to a variety of property types, creating unique competitive edges for building a distinctive service brand. As of May 31, 2021, we managed a total of 183 properties, consisting of 121 residential properties, 29 commercial properties, 26 public and other properties and seven hutongs, with GFA under management of 21.4 million sq.m., 1.2 million sq.m., 1.6 million sq.m. and 6.4 million sq.m., respectively. As an extension of our property management services, we offer (i) value-added services to non-property owners such as sales office and display unit management and pre-delivery support services, tenant sourcing and management services; and (ii) community value-added services such as heat energy supply services, catering services, real estate brokerage services and carpark space operation services. For each of the years ended December 31, 2018, 2019, 2020 and the five months ended May 31, 2021, our revenue from value-added services as a percentage of total revenue exceeded 32% and was significantly higher than the average level of Top 100 Property Management Companies in 2021, which amounted to 22%, according to CIA.

We achieved stable financial growth during the Track Record Period. Our revenue increased by 18.8% from RMB917.9 million in 2018 to RMB1,090.6 million in 2020, and our profit for the year increased by 66.2% from RMB41.4 million in 2018 to RMB68.8 million in 2020. In terms of revenue in 2020, our market share was 0.2% in the property management industry in China, according to CIA. Our revenue increased by 12.8% from RMB424.2 million for the five months ended May 31, 2020 to RMB478.5 million for the five months ended May 31, 2021 and our profit for the period increased from RMB36.9 million for the five months ended May 31, 2020 to RMB38.4 million for the five months ended May 31, 2021.

Source: Beijing Jiaye (02210) Prospectus (IPO Date : 2021/10/29)
Listing Market MAIN
Industry Property Service and Management
Background H Shares
Major Business Area N/A
Corporate Information
Substantial Shareholders Beijing Urban Construction Group Co., Ltd. (Total share: 40.68%); (H share: 0.00%)
Beijing Urban Construction Investment & Development Co., Ltd. (Total share: 33.47%); (H share: 0.00%)
Hua An Fund Management Co., Ltd (Total share: 5.07%); (H share: 20.29%)
Glodon Company Limited (Total share: 3.50%); (H share: 14.00%)
Lushang Group (Hongkong) Co., Limited (Total share: 3.41%); (H share: 13.64%)
Hwabao Trust Co., Ltd (Total share: 2.51%); (H share: 10.05%)
Caitong Fund Management Co., Ltd. (Total share: 2.47%); (H share: 9.87%)
Directors Zhang Weize (Chairman and Executive Director)
Yang Jun (General Manager and Executive Director)
Luo Zhou (Deputy General Manager and Executive Director)
Mao Lei (Non-Executive Director)
Jiang Xin (Non-Executive Director)
Li Zuoyang (Non-Executive Director)
Cheng Peng (Independent Non-Executive Director)
Kong Chi Mo (Independent Non-Executive Director)
Kong Weiping (Independent Non-Executive Director)
Company Secretary Chen Shuang
Leung Wing Han Sharon
Principal Bankers China Construction Bank
Solicitors Baker & McKenzie
Beijing Ocean Law Firm
Auditors KPMG
Registered Office 5th Floor, Manulife Place, 348 Kwun Tong Road, Kowloon, 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.bcjps.com
Email Address [email protected]
Tel No (86 10) 6209-1667
Fax No (86 10) 5617-6081
 
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