IPO Plus - IPO

Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
S.F. Holding 06936.HK	Air Freight & Logistics	32.3-36.3	200	N/A	2024/11/22	2024/11/26	2024/11/27
Jiuyuan Gene 02566.HK	Biotechnology - Medical Devices	11.48-12.56	200	N/A	2024/11/25	2024/11/27	2024/11/28
Mokingran 02585.HK	Watch & Jewellery	12-14.4	200	N/A	2024/11/26	2024/11/28	2024/11/29

Name▼

Code▼

Industry

Offer Price

Lot Size

Entry Fee

Closing Date

Grey Market Date▼

Listing Date▲

S.F. Holding
06936.HK

Air Freight & Logistics

32.3-36.3

200

N/A

2024/11/22

2024/11/26

2024/11/27

Jiuyuan Gene
02566.HK

Biotechnology - Medical Devices

11.48-12.56

200

N/A

2024/11/25

2024/11/27

2024/11/28

Mokingran
02585.HK

Watch & Jewellery

12-14.4

200

N/A

2024/11/26

2024/11/28

2024/11/29

Summary

We are a reputable property management company rooted in Sichuan Province with a well-established position in Western China and a presence across China. In 2020, we were ranked 55th among 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. We were also ranked 12th among Western China Top 50 Property Management Service Enterprise (中國西部物業服務五十強) by China Index Academy (中國指數研究院) in 2020. As of December 31, 2020 we had been contracted to manage 234 properties with an aggregate contracted GFA of approximately 36.2 million sq.m., and had 174 properties with an aggregate GFA of approximately 20.2 million sq.m. under our management, covering 31 cities in nine provinces, one autonomous region and one municipality. As of the Latest Practicable Date, our aggregate contracted GFA and GFA under management reached approximately 37.7 million sq.m. and 20.7 million sq.m. In recognition of our service quality, we were recognized as one of 2020 Top 50 Model Chinese Property Management Companies for Customer Satisfaction (2020中國物業企業客戶滿意度模範企業50強) and Top 50 Chinese Property Management Companies for Superior Service Capabilities (2020中國物企超級服務力五十強) by EH Consulting. We were also awarded China Top Five Property Management Companies in terms of Quality Benchmarking Community Service (中國物企優質社區標桿服務五強) by EH Consulting in 2020 and China Five-Star Property Management Projects (中國五星級物業服務項目) by China Index Academy (中國指數研究院) in 2020. We achieved rapid growth during the Track Record Period. Our GFA under management increased from approximately 8.0 million sq.m. as of December 31, 2018 to approximately 14.2 million sq.m. as of December 31, 2019 and further to approximately 20.2 million sq.m. as of December 31, 2020. In line with the increase in our GFA under management, our revenue increased from RMB169.0 million for the year ended December 31, 2018 to RMB280.0 million for the year ended December 31, 2019, and further to RMB428.2 million for the year ended December 31, 2020, representing a CAGR of 59.2%. Our net profit increased from RMB14.1 million for the year ended December 31, 2018 to RMB35.4 million for the year ended December 31, 2019, and further to RMB70.3 million for the year ended December 31, 2020, representing a CAGR of 123.3%. Our rapid growth in net profit during the Track Record Period was primarily the result of (i) greater economies of scale achieved during our business expansion as the number of projects and total GFA under our management both increased during the Track record Period; and (ii) our continuous implementation of cost-saving measures. Our market shares by total revenue in 2019 in the PRC property management industry and the Sichuan property management industry were approximately 0.035% and 0.49%, respectively, ranked 92nd and fifth among the 2020 Top 100 Property Management Companies in China and among the 2020 Top 100 Property Management Companies in China headquartered in Sichuan Province, respectively, according to EH Consulting. Our market shares by total GFA under management as of December 31, 2019 in the PRC property management industry and the Sichuan property management industry were approximately 0.067% and 1.12%, respectively, ranked 88th and fourth among the 2020 Top 100 Property Management Companies in China and among the 2020 Top 100 Property Management Companies in China headquartered in Sichuan Province, respectively, according to EH Consulting. Source: Ling Yue Services Gp (02165) Prospectus (IPO Date : 2021/06/29)
Listing Market	MAIN
Industry	Property Service and Management
Background	Others
Major Business Area	N/A

Corporate Information

Substantial Shareholders	Liu Haowei (24.14%) Liu Yuhui (24.13%) Liu Ce (24.13%) Hai Yue Holding Limited (7.97%)
Directors	Liu Yuqi (Chairman and Executive Director) Luo Hongping (Chief Financial Officer and Executive Director) Hou Sanli (Non-Executive Director) Wang Tao (Non-Executive Director) Luo Ying (Independent Non-Executive Director) Zhang Qian (Independent Non-Executive Director) Zou Dan (Independent Non-Executive Director)
Company Secretary	Yan Hoi Ling Jovian
Principal Bankers	Agricultural Bank of China Limited
Solicitors	Sidley Austin
Auditors	Ernst & Young
Registered Office	5th Floor, Manulife Place, 348 Kwun Tong Road, Kowloon, 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.lingyue-service.com
Email Address	lyfw@leading-group.cn
Tel No	(86 28) 8512-0338
Fax No

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