On March 17, China Merchants Property Operation & Service Co.Ltd(001914) issued the 2021 annual report.
During the reporting period, China Merchants Property Operation & Service Co.Ltd(001914) achieved an operating revenue of 10.59 billion yuan, an increase of 22.42% year-on-year. Among them, the property management business realized an operating revenue of 9.908 billion yuan, an increase of 23.31% over the same period of last year, accounting for 93.56%; The operating income of asset management business was 556 million yuan, an increase of 23.70% over the same period of last year, accounting for 5.25%.
During the reporting period, China Merchants Property Operation & Service Co.Ltd(001914) realized a total profit of 746 million yuan, an increase of 18.67% over the same period of last year; The net profit attributable to the owners of the parent company was 512 million yuan, an increase of 17.25% over the same period last year.
By the end of the reporting period, China Merchants Property Operation & Service Co.Ltd(001914) total assets were 167.7 billion yuan, an increase of 2.52% over the beginning of the period; The asset liability ratio was 48.85%, down 0.51 percentage points from the beginning of the period. The balance of interest bearing debt was 2.752 billion yuan, down 288 million yuan from the same period last year; The debt structure is stable, mainly short-term and medium-term loans. The financial expenses decreased by 45.569 million yuan compared with the same period of the previous year, of which the interest expenses decreased by 40.28 million yuan.
By the end of 2021, China Merchants Property Operation & Service Co.Ltd(001914) was in charge of 1717 projects, with a management area of 281 million square meters, a year-on-year increase of 47%. Among them, the total management area of the top five operating revenue regions in Shenzhen, Jiangsu, Shandong, Sichuan and Guangdong (excluding Shenzhen) is 163 million square meters, accounting for 58%.
During the reporting period, China Merchants Property Operation & Service Co.Ltd(001914) newly added property management area from China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) was 176624 million square meters, accounting for 19.6%; The newly signed annual contract amount was 650 million yuan, a year-on-year increase of 133%.
For the past year, China Merchants Property Operation & Service Co.Ltd(001914) analysis shows that the industry development is on the rise, Matthew effect is prominent, market expansion competition is extremely fierce, non residential business forms are the main battlefield, and the competition gradually spreads from incremental market to stock and residential market. The company has achieved remarkable results in various operations and management, and the performance indicators have increased steadily.
