Today, poly property (06049) disclosed the annual performance announcement of 2021, and the core data maintained high quality and rapid growth. According to the annual report, the company’s revenue in 2021 was 10.78 billion yuan, a year-on-year increase of 34.2%, the gross profit reached 2.01 billion yuan, a year-on-year increase of 34.4%, and the net profit attributable to the parent company was 850 million yuan, a year-on-year increase of 25.6%.
It is worth noting that the third-party expansion of poly property accelerated in 2021. Throughout the year, 432 third-party projects were newly signed through bidding, with the corresponding contract amount of 1.9 billion yuan in a single year, of which the amount of projects above 10 million accounts for 40%.
three sectors drive together
In terms of revenue, poly property’s property management services, non owner value-added services and community value-added services go hand in hand. The total revenue exceeded 10 billion yuan for the first time last year, reaching 10.78 billion yuan, a year-on-year increase of 34.2%.
In 2021, under the background of the sharp decline of social security relief, the gross profit margin of basic property services of poly property remained stable, and the management fee rate decreased for the first time. In terms of management area, poly property contract management area increased to 656 million square meters, a year-on-year increase of 89.1%. The area under management was about 465 million square meters, with a year-on-year increase of 85.2%. At present, poly property has built a nationwide layout covering 196 cities, 2428 contract projects and 1786 projects under management in 29 provinces, municipalities and autonomous regions.
According to the data, poly property has signed 432 new third-party projects through bidding, with a corresponding annual contract amount of 1.9 billion yuan, and the amount of projects above 10 million accounts for more than 40%. From 2019 to 2021, the compound growth rate of third-party project income in property management income reached 81.7%.
At the same time, poly property gave full play to the resource advantages of central enterprises and established joint ventures with four local state-owned platforms, including Inner Mongolia Eerduosi Resources Co.Ltd(600295) city of Inner Mongolia, Chengdu City of Sichuan Province, Liaohe Economic Development Zone of Shenyang, Liaoning and Donggang City, Liaoning, to accelerate the implementation of “Central local cooperation”.
deep cultivation of large non residential property strategy accelerated implementation
Among the new contract amount of 1.9 billion yuan signed by poly property in 2021, the top 100 cities accounted for 79%. In the pipe area, the first and second tier cities account for 82%. By continuously improving the density of core cities, we have effectively realized large-scale and intensive management.
Meanwhile, poly property accounted for more than 60% of the newly expanded amount of public services and property management income of public services. Landmark projects in key cities have blossomed at many points. In the service business of developing cities, on the one hand, they have settled in multiple streets in Guangzhou to achieve breakthroughs in multiple global service projects. On the other hand, the existing projects will continue to be deeply cultivated, resulting in business form and regional agglomeration effect.
innovation incentive mechanism and organizational talent reform
Last year, poly property used restricted stock incentive tools to establish a medium and long-term incentive system for the enterprise, becoming the first central enterprise property in the industry to establish equity incentive, attracting and retaining excellent employees and comprehensively stimulating the combat effectiveness of the team. At the same time, poly property seized the policy opportunity of “double hundred enterprises”, discussed the incentive mechanism in innovative business, and provided institutional guarantee for new business incubation.
In addition to the incentive mechanism, poly property continued to strengthen its internal strength from the four dimensions of organizational change, talent construction, quality management and project operation.
