On April 1, Vanke’s property company, Wanwanyun, submitted a prospectus on the Hong Kong Stock Exchange. According to the prospectus, from 2011 to 2021, the company’s total revenue will increase by more than 16 times, with a compound growth rate of more than 30%.The company will achieve a total of 2021Operating income23.704 billion yuan, with a profit of 1.714 billion yuan. From 2019 to 2021, a total profit of 4.273 billion yuan was realized, and a total of 4.102 billion yuan in dividends was paid in three years. Almost all profits in the past three years were paid out as dividends.
Vanke AThe annual report shows that in 2021, the cloud project of everything will cover first- and second-tier cities across the country, with a total of 4,393 projects under management, with an area under management of 780 million square meters, a year-on-year increase of 35.9%. In terms of the area under management, Wanwuyun ranks among the best among property enterprises.
Another property giantCountry GardenThe service will achieve revenue of 28.843 billion yuan in 2021.shareholderThe attributable profit was 4.033 billion yuan, and the management area of property service charges excluding the “three supply and one industry” business was 765.7 million square meters.
Almost all of the profits in the past 3 years have been paid out
In 2019, 2020 and 2021 (referred to as the “reporting period”), Wanwuyun achieved operating income of 13.927 billion yuan, 18.145 billion yuan, and 23.704 billion yuan respectively, and realized profits of 1.04 billion yuan, 1.519 billion yuan and 1.714 billion yuan respectively.
During the reporting period, the company paid dividends of 247 million yuan, 318 million yuan and 3.537 billion yuan respectively, with a total dividend of 4.102 billion yuan in three years, while the company’s total profit in the past three years was 4.273 billion yuan. Based on this calculation, almost all of the profits in the past three years have been paid out.
In terms of shareholding by major shareholders,Vanke Enterpriseand its wholly-owned subsidiaries are interested and have the right to exercise a total of approximately 62.89% of the voting rights of the Company, Boyu Capital holds 17.14%, Zhu Baoquan holds 8.57%, and Yao Jinbo holds 4.76%.
From 2019 to 2021, the sales revenue of the five major customers was RMB 2.162 billion, RMB 3.748 billion and RMB 4.718 billion respectively, accounting for approximately 15.5%, 20.7% and 19.8% of the total revenue, respectively. Sales revenue from Vanke Group, the largest single customer, was RMB 1.77 billion, RMB 2.799 billion and RMB 3.821 billion, accounting for approximately 12.7%, 15.4% and 16.1% of total revenue, respectively.
During the reporting period, all cloud operating cash flownet inflowThey were 2.091 billion yuan, 2.557 billion yuan and 2.834 billion yuan respectively, and the cash and cash equivalents at the end of the period were 5.184 billion yuan, 5.397 billion yuan and 6.43 billion yuan respectively.
According to the prospectus, the company’s main businesses include residential consumption services in community spaces, comprehensive services for commercial enterprises and urban spaces, and AIoT and BPaaS solution services.
During the reporting period, the income from property services (including residential property services under the community space residential consumption service segment and property and facility management services under the commercial enterprise and urban space comprehensive services segment) was RMB 9.82 billion, RMB 13.154 billion and RMB 13.154 billion respectively. 16.651 billion yuan, accounting for 70.5%, 72.5% and 70.2% of the total revenue in the same year. The revenue generated from the provision of property services for residential properties developed by Vanke Group and its joint ventures or associates accounted for 66.5%, 64.5% and 61% of the total revenue from the provision of property services for residential properties, respectively.
The pipe area is 780 million square meters
Vanke A On the evening of March 30, it was disclosed that the spin-off of Wanwanyun for overseas listing was accepted by the China Securities Regulatory Commission.announcement。
Regarding the application materials submitted by Wanwuyun for the overseas initial public offering of shares, the China Securities Regulatory Commission stated that after reviewing it in compliance with the statutory form, it decided to accept the application for administrative licensing. All Cloud will submit a listing application to the Hong Kong Stock Exchange in due course. The overseas spin-off and listing of Wanwuyun is still subject to the approval of the Hong Kong Stock Exchange and other relevant regulatory authorities, and can only be implemented after taking into account market conditions and other factors.
On the evening of November 5, 2021,Vanke AAnnouncement of the proposed spin-off of the subsidiary to be listed on the Hong Kong Stock Exchange. After the spin-off of the company’s overseas listing, the company will continue to maintain the controlling interest in the company’s cloud, which will not have any material adverse impact on the company’s other business segments, and will not affect the company’s independent listing status. Through this spin-off and listing, it can effectively enhance the capital strength of All Cloud, and have an independent capital operation platform and investor base, provide more diversified financing channels for its business development, enhance the competitive advantage of All Cloud, and at the same time meet the needs of the company. the interests of shareholders as a whole.
According to Vanke’s A annual report, Wanke Cloud is the first company in the industry to cover the global space service of “housing, business, and city”. In 2021, the revenue of everything cloud will exceed 20 billion yuan for the first time, a year-on-year increase of 32.1%. Last year, the newly added contract area of Wanwanyun accounted for more than 70% of the external expansion business, of which the external expansion projects in the commercial and office service areas accounted for nearly 80%.
As of the end of 2021, the Wanwan Cloud project covers first- and second-tier cities across the country, with a total of 4,393 projects under management, with an area under management of 780 million square meters, a year-on-year increase of 35.9%.contractThe total number of projects under management is 5,553, the contract management area is 1.01 billion square meters, and the contract management area has increased by 38% year-on-year.
(Article source: Chinasecuritiesnewspaper)