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To-be Listed
Name
/
Code
Industry Offer Price Lot Size Entry Fee Closing Date
Grey Market Date
Listing Date
Guming
01364.HK
Beverages (Non-alcoholic) 8.68-9.94 400 4,016 2025/02/07 2025/02/11 2025/02/12
Summary
We are a comprehensive property management service provider with a market leading position in Shandong Province and a proven track record of rapid growth. Headquartered in Jinan, Shandong Province, we have, through over 15 years of development since our inception in 2006, expanded our coverage to nearly all prefecture-level cities in Shandong Province and to Beijing and Harbin. According to CIA, we were ranked 41st among the 2022 Top 100 Property Management Companies in China (2022中國物業服務百強企業) in terms of overall strength and were recognized as an “Outstanding Enterprise in the Property Management Industry with Diversified Operations in 2021” (2021物業管理行業多元化運營優秀企業) and one of the “Leading Property Management Brands in Specialized Operations in 2021” (2021 物業服務專業化運營領先品牌企業).

We are deeply rooted in Shandong Province, which, according to CIA, is one of the most populous and economically prosperous provinces in China, has always been and will continue to be our strategic development focus. According to CIA, the aggregate GDP of Shandong Province ranked third among all provinces in China in 2021, and the per capita annual disposable income in Shandong Province are higher than the average in China. According to CIA, our Group’s market share among the Top 100 Property Management Companies in the PRC in terms of GFA under management as of December 31, 2021 was approximately 0.16% and our market share in Shandong Province in terms of GFA under management as of the same date was approximately 1.0%.

Throughout the course of our development, we have adhered to our vision of “building sweet and healthy home” for property owners and residents (“健康為民,幸福為家”) in conducting our business. We believe that our commitment to customer satisfaction and customer-centric culture have shaped our brand image and helped us established leading market position in Shandong Province. As a result of our efficient operation and quality services, we experienced rapid growth during the Track Record Period. Our revenue increased at a CAGR of 34.7% from RMB321.1 million in 2019 to RMB582.8 million in 2021. Our net profit increased at a CAGR of 63.2% from RMB28.9 million in 2019 to RMB77.0 million in 2021.



Source: Lushang Services (02376) Prospectus (IPO Date : 2022/06/27)
Listing Market MAIN
Industry Property Service and Management
Background H Shares
Major Business Area N/A
Corporate Information
Substantial Shareholders Lushang Freda Pharmaceutical Co., Ltd. (Total share: 71.32%)
Beijing Urban Construction Group Co., Ltd. (Total share: 4.87%); (H share: 19.48%)
Lu Dunke (Total share: 2.74%); (H share: 10.95%)
Fan Qinyuan (Total share: 2.27%); (H share: 9.07%)
Shandong Tian Qi Venture Capital Co., Ltd. (Total share: 1.69%); (H share: 6.76%)
Directors Wang Zhongwu (Chairman and Executive Director)
Shao Meng (Chief Financial Officer and Executive Director)
Ning Daoju (Executive Director)
Luo Ye (Non-Executive Director)
Li Han (Non-Executive Director)
Chen Xiaojing (Independent Non-Executive Director)
Leung Bik San (Independent Non-Executive Director)
Ma Tao (Independent Non-Executive Director)
Company Secretary Wong Wai Chiu
Yang Zhen
Principal Bankers China CITIC Bank International Limited
Agricultural Bank of China Limited
Solicitors Commerce & Finance Law Offices
Patrick Mak & Tse
Auditors Shinewing (HK) CPA Limited
ShineWing Certified Public Accountants LLP
Registered Office 40th Floor, Dah Sing Financial Centre, 248 Queen’s Road East, Wanchai, Hong Kong
Share Registrars Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No (852) 2980-1333
Internet Address http://www.lushangfuwu.com
Email Address lsfwlx@163.com
Tel No (86 96) 531-66688977
Fax No
 
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