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To-be Listed
Name
/
Code
Industry Offer Price Lot Size Entry Fee Closing Date
Grey Market Date
Listing Date
Minieye Tec
02431.HK
Application Software 17-20.2 200 4,081 2024/12/20 2024/12/24 2024/12/27
Xunfei Healthcare
02506.HK
Application Software 82.8 50 N/A 2024/12/23 2024/12/27 2024/12/30
InnoScience
02577.HK
Semiconductors & Semiconductor Equipment 30.86-33.66 100 3,400 2024/12/23 2024/12/27 2024/12/30
HealthyWay
02587.HK
Health Care Services 7.8-8.8 500 4,444 2024/12/23 2024/12/27 2024/12/30
Summary
We are an urban operation service provider in China and a key market player offering integrated property management services in the Greater Bay Area. In November 2020, we acquired GZMEE and GZMPM from GZ Metro, which is our strategic investor, and thereby became a comprehensive property management service provider with metro environmental engineering maintenance and metro property management and operation capabilities.

With nearly 30 years of industry exposure, we consider ourselves as an early mover in the property management sector in China. As a service provider which received first-class property management qualification at state level, we also participated in the revision of the property management service guidelines of Guangzhou, Guangdong Province and China. Our influence in the industry is further evidenced by our titles as the standing director institution of the China Property Management Association (中國物業管理協會), the vice president institution of the Guangdong Property Management Industry Association (廣東省物業管理行業協會), and the president institution of the Guangzhou Property Management Industry Association (廣州市物 業管理行業協會).

As of December 31, 2020, we had 215 properties under management, representing a total GFA under management of 32.6 million sq.m., among which 96.1% was attributed to properties located in first-tier, new first-tier and second-tier cities. According to CIA, we ranked 16th among the Top 100 Property Management Companies of 2021 in terms of overall strength; and our market share in terms of GFA under management in 2020 ranked seventh among the Top 100 Property Management Companies providing commercial operations services.

“Diverse property profile”, “diverse customer base” and “diverse service offerings” are three integral elements of our identity as an urban operation service provider. Integrating space, business and people in the properties we manage, our vision is to create maximum value from a collective whole.

‧ Diverse property profile: We provide services to various types of properties, including residential properties, metro lines and metro stations, metro depots, office buildings, shopping malls, wholesale markets, exhibition centers, city halls, industrial parks and other urban facilities.

‧ Diverse customer base: We regard all people who live, shop, work and stay in the properties under our management as our valued customers.

‧ Diverse service offerings: As a property management service provider, we step beyond the scenarios of traditional property management services and provide comprehensive urban operation solutions for customers from all walks of life.

We offer non-commercial property management and value-added services and commercial property management and operational services. In 2020, we generated revenue of RMB1,168.0 million, of which 69.4% was derived from non-commercial property management and value-added services and 30.6% was derived from commercial property management and operational services.

In terms of non-commercial property management and value-added services, we are committed to providing comprehensive services that are second to none through our “Yue Plus (越+)” service brand. By reacting nimbly to the changing preferences of property owners and other customers as we serve them along the property management value chain, we help realize their aspiration for a more enjoyable urban life. Our non-commercial property management and value-added services consist of (i) property management services; (ii) value-added services to non-property owners; and (iii) community value-added services.

We have a twenty-year track record in managing and operating commercial properties. Our business mix of asset management, operation management and property management services, together with our ability to advise clients on preliminary planning, design, tenant sourcing and render other value-added services, enable us to become one of the few integrated property management and operational service providers in the market. Our commercial property management and operational services consist of (i) commercial operation and management services; and (ii) market positioning consultancy and tenant sourcing services.

Our financial performance was consistently strong during the Track Record Period in spite of the COVID-19 headwinds. Total revenue increased from RMB762.8 million in 2018 to RMB896.3 million in 2019, and further to RMB1,168.0 million in 2020. Our net profit increased from RMB47.3 million in 2018 to RMB93.2 million in 2019, and further to RMB203.7 million in 2020.

Source: Yuexiu Services (06626) Prospectus (IPO Date : 2021/06/16)
Listing Market MAIN
Industry Property Service and Management
Background Others
Major Business Area N/A
Corporate Information
Substantial Shareholders [00123] Yuexiu Property Company Limited (67.30%)
Guangzhou Metro Group Co., Ltd. (5.97%)
Directors Zhu Huisong (Chairman and Non-Executive Director)
Zhang Jin (Vice President and Executive Director)
Wang Jianhui (Chief Executive Officer and Executive Director)
Zhang Chenghao (Executive Director)
Yang Zhaoxuan (Non-Executive Director)
Zhang Jianguo (Non-Executive Director)
Hui Lai Kwan (Independent Non-Executive Director)
Hung Shing Ming (Independent Non-Executive Director)
Leung Yiu Man (Independent Non-Executive Director)
Company Secretary Yu Tat Fung
Principal Bankers Agricultural Bank of China Limited
China Construction Bank Corporation
China Everbright Bank
Bank of China (Hong Kong) Limited
Bank of Guangzhou
Solicitors King & Wood Mallesons
Auditors Ernst & Young
Registered Office 26th Floor, Yue Xiu Building 160 Lockhart Road Wanchai Hong Kong
Share Registrars Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No (852) 2980-1333
Internet Address http://www.yuexiuservices.com
Email Address ir@yuexiuproperty.com
Tel No (86 20) 6661-8188
Fax No
 
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