IPO Plus - IPO

Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
Shenzhen Dobot 02432.HK	Advanced hardware and software	18.8-20.8	200	4,202	2024/12/18	Data is not available	2024/12/23
Minieye Tec 02431.HK	Application Software	17-20.2	200	4,081	2024/12/20	2024/12/24	2024/12/27
Xunfei Healthcare 02506.HK	Application Software	82.8	50	N/A	2024/12/23	2024/12/27	2024/12/30
InnoScience 02577.HK	Semiconductors & Semiconductor Equipment	30.86-33.66	100	3,400	2024/12/23	2024/12/27	2024/12/30
HealthyWay 02587.HK	Health Care Services	7.8-8.8	500	4,444	2024/12/23	2024/12/27	2024/12/30

Name▼

Code▼

Industry

Offer Price

Lot Size

Entry Fee

Closing Date

Grey Market Date▼

Listing Date▲

Shenzhen Dobot
02432.HK

Advanced hardware and software

18.8-20.8

200

4,202

2024/12/18

Data is not available

2024/12/23

Minieye Tec
02431.HK

Application Software

17-20.2

200

4,081

2024/12/20

2024/12/24

2024/12/27

Xunfei Healthcare
02506.HK

Application Software

82.8

N/A

2024/12/23

2024/12/27

2024/12/30

InnoScience
02577.HK

Semiconductors & Semiconductor Equipment

30.86-33.66

100

3,400

2024/12/23

2024/12/27

2024/12/30

HealthyWay
02587.HK

Health Care Services

7.8-8.8

500

4,444

2024/12/23

2024/12/27

2024/12/30

Summary

We are a comprehensive property management service provider managing both commercial and residential properties in China. We had a large contracted property management portfolio encompassing 55 cities across 18 provinces, municipalities and autonomous regions in China as of the Latest Practicable Date. Our properties under management include a wide spectrum of property types including residential properties and commercial properties such as shopping malls and office buildings. As of December 31, 2020, we had 104 commercial and residential projects under management, with an aggregate GFA under management of approximately 16.2 million sq.m. and an aggregate contracted GFA of approximately 36.6 million sq.m. According to JLL, our total GFA under management ranked 15th among property management companies with commercial property management and operational services in China as of December 31, 2020. During the Track Record Period, our revenue from commercial property management and operational services increased from RMB152.3 million in 2018 to RMB373.0 million in 2020, constituting 38.4% and 46.3% of our total revenue in the respective periods. We expect the percentage share of revenue from our commercial property management and operational services to continue to increase in the future given our strategic focus on developing the commercial property management and operational services segment. We are also dedicated to the utilization and development of digitalization and operation automation systems and have employed technological solutions to strengthen our competitiveness, improve our service quality and customer satisfaction, reduce our reliance on labor, and reduce costs. With over 18 years of experience in providing property management services in China, we have built a trusted brand image and reputation for quality services in China. For instance, we were named sixth in the “2020 China Commercial Real Estate Brand Value Top 10” (2020中國商業地產公司品牌價值TOP10) by CIA, earned the “2019 “Time Coordinates” Outstanding Commercial Property Operator of the Year” (2019“時代座標”年度商業地產優秀運營商) by Winshang.com and “Leading Enterprise in Quality Property Service in China 2019” (2019品質物業服務領先企業) by CIA. We experienced rapid growth during the Track Record Period in revenue, net profit, aggregate GFA under management, and aggregate contracted GFA. Our revenue increased by 44.9% from RMB396.5 million in 2018 to RMB574.5 million in 2019. Our net profit increased by 122.0% from RMB34.8 million in 2018 to RMB77.3 million in 2019. Our revenue increased by 40.2% from RMB574.5 million in 2019 to RMB805.3 million in 2020, while our net profit increased by 110.2% from RMB77.3 million in 2019 to RMB162.5 million in 2020. Our aggregate GFA under management increased from approximately 10.6 million sq.m. as of December 31, 2018 to approximately 11.8 million sq.m. as of December 31, 2019 and further to approximately 16.2 million sq.m. as of December 31, 2020. Our aggregate contracted GFA increased from approximately 17.9 million sq.m. as of December 31, 2018 to approximately 22.5 million sq.m. as of December 31, 2019 and further to approximately 36.6 million sq.m. as of December 31, 2020. During the Track Record Period, we provided property management services to substantially all of the properties developed by China SCE Group, our Controlling Shareholder, or its joint ventures and associates. The business relationship between our Group and China SCE Group is common among PRC property management companies and their parent companies and has been mutually beneficial and complementary. Our long-standing relationship and established track record of providing the services to China SCE Group is owed to our familiarity with the standards and requirements of China SCE Group, which has helped reduce communication costs, accumulate tacit knowledge of service provisions to China SCE Group, build mutual trust and has enabled us to constantly provide the high-quality property management services that met China SCE Group’s stringent demands and requirements. During the Track Record Period, a substantial portion of our revenue was derived from projects developed by China SCE Group and Jointly Developed Projects, and a significant percentage of new property management service projects we obtained were projects developed by China SCE Group and Jointly Developed Projects. As a result, our growth during the Track Record Period was significantly attributable to the properties developed by the China SCE Group and its joint ventures and associates. See “Business” and “Relationship with Controlling Shareholders” for more details. We expect our business relationship with and reliance on China SCE Group to continue going forward. Source: SCE CM (00606) Prospectus (IPO Date : 2021/06/21)
Listing Market	MAIN
Industry	Property Service and Management
Background	Others
Major Business Area	N/A

Corporate Information

Substantial Shareholders	[01966] China SCE Group Holdings Limited (64.52%)
Directors	Wong Lun (Chairman and Executive Director) Sun Qiang (Vice President and Executive Director) Niu Wei (Chief Executive Officer and Executive Director) Ku Weihong (Executive Director) Zheng Quanlou (Executive Director) Ding Zuyu (Independent Non-Executive Director) Pang Hon Chung (Independent Non-Executive Director) Wang Yongping (Independent Non-Executive Director)
Company Secretary	Kwan Kwong Cho
Principal Bankers	Ping An Bank China Construction Bank Bank of China Limited Industrial and Commercial Bank
Solicitors	Chiu & Partners Solicitors
Auditors	Prism Hong Kong Limited
Registered Office	Room 2801, Hysan Place, 500 Hennessy Road, Causeway Bay, 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.sce-icm.com
Email Address	ir_cm.@sce-icm.com
Tel No	(86 21) 5263-6666
Fax No

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