IPO Plus - IPO

Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
Xunfei Healthcare 02506.HK	Application Software	82.8	50	N/A	2024/12/23	Data is not available	2024/12/30
InnoScience 02577.HK	Semiconductors & Semiconductor Equipment	30.86-33.66	100	3,400	2024/12/23	Data is not available	2024/12/30
HealthyWay 02587.HK	Health Care Services	7.8-8.8	500	4,444	2024/12/23	Data is not available	2024/12/30

Name▼

Code▼

Industry

Offer Price

Lot Size

Entry Fee

Closing Date

Grey Market Date▼

Listing Date▲

Xunfei Healthcare
02506.HK

Application Software

82.8

N/A

2024/12/23

Data is not available

2024/12/30

InnoScience
02577.HK

Semiconductors & Semiconductor Equipment

30.86-33.66

100

3,400

2024/12/23

Data is not available

2024/12/30

HealthyWay
02587.HK

Health Care Services

7.8-8.8

500

4,444

2024/12/23

Data is not available

2024/12/30

Summary

We are a well-established comprehensive property management and lifestyle service operator in China, providing property management services, value-added services to non- property owners, commercial operational services and lifestyle services. We were ranked 39th in the 2020 Top 100 Property Management Companies in China in terms of Overall Strength (2020中國物業企業綜合實力百強) by EH Consulting. Our market share by total revenue among the 2020 Top 100 Property Management Companies in China in terms of Overall Strength was approximately 0.26% accordingly to EH Consulting. As of December 31, 2020, we managed 65 projects, and our total GFA under management amounted to approximately 10.2 million sq.m. As of the Latest Practicable Date, our total GFA under management further increased to 11.4 million sq.m. Our roots are in the Chengdu-Chongqing urban agglomeration, the engine of economic development in the Southwest China region according to Savills and EH Consulting. As of December 31, 2020, 33.4% and 28.9% of our GFA under management were located in the Chengdu-Chongqing urban agglomeration and the Eastern China region, respectively, and 33.2% and 39.7% of our contracted GFA were located in these two regions as of the same time, respectively. As of December 31, 2020, the property projects served by us covered 17 cities in nine provinces, one autonomous region and two municipalities in China and all of our property management projects are located in the first-tier, new first-tier and second-tier cities in China. Over the years, we have won a number of awards from well-known industry organizations for our service quality and brand value, such as 2019 Golden Key China’s Excellent Service Team (2019年中國服務示範企業–中國金鑰匙獎) and 2020 Leading Chinese Brand Company in Professional Property Service Operation (2020中國物業服務專業運營領先品牌). In 2019, our average monthly property management fee was RMB3.69 per sq.m., which was 57.4% higher than that of the property management service industry in China primarily because (i) the property projects under our management were located in first-tier, new first-tier and second-tier cities, (ii) the residential properties under our management mostly target middle or high-class property purchasers who typically require property management services of higher standards, and (iii) we also managed commercial properties for which generally higher property management fees are charged. According to Savills and EH Consulting, our revenue per sq.m. of RMB58.23 per sq.m. in 2019 ranked eighth among the Top 100 Property Management Companies in China in terms of Overall Strength and we were awarded the 2020 Top Ten Property Management Companies in China in terms of Revenue Generating Capacity per Square Meter (2020年中國物業管理企業單坪創收十強). Our net profit margin was 16.8% in 2019, ranking fifth among the Top 100 Property Management Companies in terms of net profit margin according to Savills and EH Consulting primarily because (i) our revenue from value-added services to non-property owners, commercial operational services and lifestyle services that generally have higher gross profit margins than property management services accounted for relatively higher percentage of our total revenue, which also means that our customer bases for property management services may generate diversified revenue stream from other business lines; and (ii) our property management fees charged for residential properties are higher than that of the Top 100 Property Management Companies, according to Savills and EH Consulting. We provide quality property management services and value-added services to non- property owners. We also provide commercial operational services for 12 quality commercial properties in five cities, namely Chengdu, Kunming, Shanghai, Wenzhou and Nanning. We also provide diversified lifestyle services to our property owners, residents and other customers. Our services are closely tied to what people need in their daily lives and what property owners and businesses need for their daily operations. We believe our core value lies in our ability to help our individual customers live a safer and more comfortable, healthy and convenient life and assist our business customers in building prosperous businesses. We achieved rapid growth during the Track Record Period. Our revenue increased by 47.5% from RMB258.0 million in 2018 to RMB380.5 million in 2019, and by 54.6% from RMB380.5 million in 2019 to RMB588.3 million in 2020. Our net profit increased by 56.0% from RMB41.1 million in 2018 to RMB64.0 million in 2019, and by 71.6% from RMB64.0 million in 2019 to RMB109.8 million in 2020. In recognition of our rapid growth, we were named one of the Top 100 Leading Property Management Companies in China in terms of Growth Potential (中國物業服務百強成長性領先企業) by CIA in 2019. We have been named one of the Top 100 Property Management Companies in China in terms of Overall Strength (中國物業企業綜合實力百強) by EH Consulting for five consecutive years and our ranking improved from 55th in 2016 to 39th in 2020. Source: New Hope Service (03658) Prospectus (IPO Date : 2021/05/11)
Listing Market	MAIN
Industry	Property Service and Management
Background	Others
Major Business Area	N/A

Corporate Information

Substantial Shareholders	Liu Yonghao & Family (66.92%) Zhang Minggui (5.02%)
Directors	Jiang Mengjun (Chairman and Non-Executive Director) Wu Min (Co-Chairman and Non-Executive Director) Chen Jing (General Manager and Chief Executive Officer and Executive Director) Liu Xu (Executive Director) Zhang Wei (Non-Executive Director) Li Wei (Non-Executive Director) Cao Qilin (Independent Non-Executive Director) Li Zhengguo (Independent Non-Executive Director) Kong Chi Mo (Independent Non-Executive Director)
Company Secretary	Lau Kwok Yin Li Hongjia
Principal Bankers	China Merchants Bank
Solicitors	Sidley Austin
Auditors	KPMG
Registered Office	40th Floor, Dah Sing Financial Centre, 248 Queen’s Road East, Wanchai, Hong Kong
Share Registrars	Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628]
Share Registrars Tel No	(852) 2862-8628
Internet Address	http://www.newhopeservice.com.cn
Email Address	newhope.hk@pordahavas.com
Tel No	(852) 3150-6788
Fax No

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