China Merchants Property Operation & Service Co.Ltd(001914) scale expansion accelerated, and the business model of "fertile soil and cloud forest" was accelerated

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Core view:

On March 18, China Merchants Property Operation & Service Co.Ltd(001914) released the performance report for 2021.

As of December 31, 2021, China Merchants Property Operation & Service Co.Ltd(001914) in charge of 1717 projects, with a management area of 281 million square meters, a year-on-year increase of 47%, of which 58% of the area contribution comes from Jiangsu, Shandong, Sichuan and Guangdong.

During the reporting period, China Merchants Property Operation & Service Co.Ltd(001914) revenue and profit continued to increase, realizing an operating revenue of 10.59 billion yuan, with a year-on-year increase of 22.42%, of which the operating revenue of property management business accounted for 93.56%; The net profit was 513 million yuan, a year-on-year increase of 17.25%.

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