00873 SHIMAO SERVICES
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Changes in Hong Kong stocks | The majority of domestic housing and property management stocks rebounded, Xuhui Holding Group (00884) rose more than 7% in the intraday period, and the six major banks actively expressed support for housing companies' financ
Most housing and property management stocks rebounded in early trading. As of press release, Xuhui Holding Group (00884) rose 5.45% to HK$0.29; Xuhui Yongsheng Services (01995) rose 5.08% to HK$1.24; and Shimao Group (00813) rose 3.39% to HK$0.61.
Changes in Hong Kong stocks | Xuhui Yongsheng Services (01995) rose more than 18%, leading property management stocks, real estate credit risk mitigation, relief of property related party receivables payment security
Property management stocks followed domestic housing stocks higher in early trading. As of press release, Xuhui Yongsheng Services (01995) rose 17.89% to HK$1.45; Sunac Services (01516) rose 13.33% to HK$2.55; Hejing Youhuo (03913) rose 8% to HK$0.54; and Shimao Services (00873) rose 6.87% to HK$1.4.
Changes in Hong Kong stocks | Country Garden Services (06098) rose more than 6%, leading the development direction of the property management stock industry to high-quality growth
Property management stocks picked up along with domestic housing stocks. As of press release, Country Garden Services (06098) rose 5.98% to HK$7.27; Xincheng Yue Service (01755) rose 4.23% to HK$3.94; Shimao Services (00873) rose 4.2% to HK$1.24; Sunac Services (01516) rose 4.61% to HK$2.27.
SHIMAO SERVICES: 2023 Interim Report
Changes in Hong Kong stocks | Shimao Services (00873) rose more than 13% in the afternoon, the company's market expansion capacity steadily increased, and cash flow improved markedly
Shimao Services (00873) rose more than 13% in the afternoon. As of press release, it rose 10.07% to HK$1.53, with a turnover of HK$27.123,900.
[Brokerage Focus] Orient Securities maintains Shimao Services (00873) holdings and increases ratings, indicating a marked improvement in cash flow in the first half of the year
According to Orient Securities Research Report, Shimao Services (00873) achieved revenue of 4.10 billion yuan in the first half of the year, -3.9% year-on-year, and net profit of 150 million yuan, or +10.9% year-on-year. In the first half of the year, the company's basic property service revenue reached 2.61 billion yuan, an increase of 11.5% over the previous year. The main growth driver was the continuous expansion of the area managed by third parties. According to the bank, the company's cost control effect was obvious. The sales expenses rate for the first half of the year was 1.5%, down 1.0 percentage point from the previous year; the management expenses rate was 10.9%, a slight decrease of 0.1 percentage points from the previous year. Financial expenses affected by interest accrued on convertible bonds for the same period in '22
Changes in Hong Kong stocks | Property management stocks pick up in early trading, negative real estate feedback comes to an end, and the market refocuses on company operations and cash flow performance
Property management stocks picked up in early trading. As of press release, Hejing Youhuo (03913) rose 6.06% to HK$0.7; Times Neighborhood (09928) rose 6.06% to HK$0.7; World Trade Services (00873) rose 5.06% to HK$1.66; and Ya Life Services (03319) rose 3.34% to HK$5.26.
Shimao Services' Profit Up 11% in H1
Shimao Services Holdings (HKG:0873) recorded a 10.9% rise in attributable profit for the six months ended June 30 to 154.8 million yuan from 139.6 million yuan during the year-ago period. Diluted earn
Shimao Services (00873.HK) focuses on special segmented service formats to create industry leaders in the vertical field of schools and hospitals
As of June 30, 2023, Zhejiang University Xinyu, a subsidiary of Shimao Services (00873.HK), has served 270 universities and parks, covering 38 cities. The 985 colleges and universities it serves account for 23%, making it the top 1 school property management brand in China. Its subsidiary “Geely Property”, which focuses on more than 20 years of experience in hospital logistics services, has a market share of over 30% in the top three hospitals in Changsha. In the first half of the year, Xinyu of Zhejiang University adopted a strategic focus to expand a number of high-quality projects from Party A, such as the Zhejiang University Hangzhou International Science and Technology Innovation Center project with a contract amount of 51.7 million yuan, and the Liangxiang Campus of Capital Normal University and the service cooperation of the Liangxiang Campus of Capital Normal University
Fulfilling the promise of high-quality development, the business quality and profitability of Shimao Services (873.HK) have improved significantly
On August 31, Shimao Services (873.HK) released its 2023 interim results report. During the period, Shimao Services achieved operating income of 4,098 million yuan, gross profit of 863 million yuan, and net profit of 155 million yuan, an increase of 11% over the previous year. The net profit margin from core to parent is 7.7%, and various profit indicators have rebounded sharply. In terms of scale, the contract area increased to 346 million square meters, with the third party accounting for 77.6%, a record high. Among them, property management service revenue was 2,613 billion yuan, an increase of 11.5% over the previous year. Non-owners' value-added service revenue was 121 million yuan, and the share of revenue declined
SHIMAO SERVICES: Interim Results Announcement for the Six Months Ended 30 June 2023
CITIC Securities: Profitability of property service companies bottomed out and rebounded, recommending leading blue-chip companies and small and medium-sized high-dividend companies
CITIC Securities released a research report saying that in mid-2023, the weighted gross profit margin of the sample company was 16.5%, an increase of 0.28 ppts over the same period last year, and remained highly stable. The semi-annual report once again proves that the profitability of property service companies has not declined over time.
Changes in Hong Kong stocks | Wan Wuyun (02602) rose more than 7%, leading property management stocks, listed housing enterprises, whose financing was loosened, the property management industry benefited from the transformation of urban villages
Property management stocks rose in early trading along with domestic housing stocks. As of press release, Wan Wuyun (02602) rose 7.75% to HK$29.2; Kaishaoye Midea (02168) rose 3.45% to HK$2.1; Ya Life Services (03319) rose 3.3% to HK$5.01; Shimao Services (00873) rose 3.25% to HK$1.59.
Shimao Services (00873.HK) will hold a board meeting on August 31 to approve the interim results
GLONGHUI, August 21丨Shimao Services (00873.HK) announced that the company will hold a board meeting on August 31, 2023 to approve the Group's interim results for the six months ended June 30, 2023 and their publication, and to consider the payment of interim dividends (if any).
SHIMAO SERVICES: DATE OF BOARD MEETING
Zhitong Hong Kong Stock Dissolution | “Black Swans” Hit Hong Kong Stocks Withdrawal and Post-Disaster Reconstruction Is Unearthed
[Anatomy of the Market] Under the impact of the “black swan” incident, Hong Kong stocks were unable to hold back today and adjusted weakly throughout the day. The Hang Seng Index was directly hit by bears to the 10-day EMA, a decline of 2.47%. It is difficult to predict this kind of sudden outbreak. On August 1, local time in the US, global rating giant Fitch suddenly announced that it would downgrade America's long-term foreign currency debt rating from AAA to AA+. This is the first time Fitch has downgraded the country's rating since it first released its US credit rating in 1994. Currently, out of the top three international rating agencies, only Moody's still maintains an AAA rating for the US. This is number one in the US after S&P downgraded the US rating in August 2011
Zhitong Hong Kong Stock Dissolution | Real Estate Benefits Continue to Catalyze the Consumption Chain One After Another
[Anatomy of the Market] Today, Hong Kong stocks surged higher and fell. Overall, they are still in a benign category; not all of them have made up the gap. The closing point was above the 20,000 mark. The volume has been increased to 182.6 billion dollars, indicating that market trading is active. The market is divided on the news over the weekend. None of the points mentioned in the market essay last Friday have been fulfilled. There is only one Securities Regulatory Commission: the majority shareholders of listed companies must not use divorce, dissolution, liquidation, separation, etc. to circumvent holdings reduction restrictions. Those found to be in violation of the law will be dealt with seriously according to law and regulations. A patch has been released to close the cash out loophole, but this effort is limited. As a result, securities, insurance, etc. have not continued to gain strength; they are all
Shimao Services Holdings (HKG:873) Shareholders Are up 12% This Past Week, but Still in the Red Over the Last Year
This week we saw the Shimao Services Holdings Limited (HKG:873) share price climb by 12%. But that doesn't change the fact that the returns over the last year have been less than pleasing. The col
Changes in Hong Kong stocks | Lottery Life (01778) rose more than 6%, leading property management institutions say the property management sector is the first choice for the entire real estate industry chain
The Zhitong Finance App learned that the property management stock continued to rise. As of press release, Lottery Life (01778) rose 6.25% to HK$0.51; Country Garden Service (06098) rose 6.14% to HK$9.86; Riverside Service (03316) rose 5.14% to HK$20.65; Shimao Services (00873) rose 4% to HK$1.56; Greentown Services (02869) rose 3.77% to HK$3.85. According to the news, the central bank and two other departments said that the policy period for financial support for the real estate market will be extended until December 31, 2024. Guojin Securities pointed out that
Shimao Services: 2022 Report