China Resources Vientiane Life Wang Haimin: In the second half of the year, upstream and downstream mergers and acquisitions of urban service formats will be launched.

Focus Financial News On August 26th, China Resources Vientiane Life held the 20021Interim Results Conference, which was attended by the Chairman, President Yu, Vice President, Vice President Adam Wei and Chief Financial Officer.

Yang Hongxia said that the contracted area of China Resources Vientiane Life Insurance in the first half of the year was 6.5438+0.765 million square meters, up 626.3% year-on-year, and the proportion of third-party area in the management area increased to 28.7%.

As of June 30th, the contracted area of China Resources Vientiane residential property management service was 654.38+0.6/kloc-0.80 billion square meters, and the managed building area was 65.438+0.22 billion square meters, an increase of 6.5438+0.53 million square meters compared with the end of last year. The commercial operation service building area of the opening shopping center is 6.9 million square meters, and the building area of the opening office building is 6.5438+0.5 million square meters.

At the end of the period, the operation and property management services of China Resources Vientiane Life Shopping Center were distributed in 65 cities, with 66 projects in operation. Office operation and property management business are distributed in 39 cities, operating 24 projects.

During the reporting period, China Resources Vientiane Life recorded revenue of RMB 4.0/kloc-0.40 billion, up 2.81%year-on-year; The core net profit was 779 million yuan, a year-on-year increase of 1 15.6%. Among them, the income of residential property management service sector was 2.392 billion yuan, up 42.3% year-on-year; The revenue from commercial operation and property management services was 65.438+62.3 million yuan, up 654.38+0.7% year-on-year.

Regarding the expansion and acquisition and merger plan in the second half of the year, Wang Haimin said that China Resources Vientiane Life has not made any adjustment in the acquisition and merger standards. In the first half of the year, the third-party business expansion achieved very rich results, with a year-on-year increase of 6.3 times. In the second half of the year, we will continue to make efforts to acquire and merge businesses, mainly in the following aspects:

First, China Resources Vientiane Life has set up a strong and experienced outreach team.

Second, we have followed up dozens of projects, and will select some enterprises to promote the improvement of the company's business system based on the principle of quality expansion;

Thirdly, a joint venture has been established in the joint venture project, which is a joint venture for river regulation and maintenance in Shenzhen.

On the one hand, with the strategic positioning of urban space operation service providers in the next step, we will continue to exert our efforts in qualification upgrading and capacity building, and carry out upstream and downstream mergers and acquisitions. As for the specific direction, we will continue to strengthen urban services including health, rivers, sports facilities and future communities, and expand new formats such as universities, hospitals and airports.