According to World Bank, there are three reasons: First, due to the epidemic situation in COVID-19 in late June, the sales offices in China were temporarily closed in February to cope with the epidemic prevention policy, and the income from trading services decreased year-on-year, but the fixed expenses such as labor costs remained unchanged, which affected the current profits.
Second, the asset operation business was affected by the COVID-19 epidemic. After the Spring Festival holiday in previous years, the demand for white-collar rental and office rental was delayed, and the performance in the first quarter of 2020 was weaker than expected. The income realized in this period is less than the budget, which affects the current profit.
The third is to strictly control the risks of financial services business and actively control the scale. The income of this period decreased year-on-year, which affected the profit of this period.
World Bank said that with the opening of business offices in March, the subscription amount of the company's trading service week recovered to about 70%-80% of the same period last year. At the same time, during the epidemic, the company promoted services such as online house inspection and intelligent cases, and actively reserved customer resources. The asset operation business is also gradually recovering.
Earlier, Chen Jinsong, the chairman of World Bank, said that by the end of February, except Hubei, the long-frozen business departments in various places had opened their doors to welcome guests. Although the number of visits has dropped a lot year-on-year, the upward trend is increasing day by day; In March, the subscription volume of trading services has recovered to about 70% of the same period last year. With the unsealing of Wuhan, the World Bank's applications for new house agency, Hongpu apartment, property management and joint venture in Wuhan were officially approved.
20 19 annual report shows that the operating income of World Bank is 6.65 billion yuan, down11.73% year-on-year; The net profit attributable to shareholders of listed companies was 82 million yuan, down 80.29% year-on-year. The reason that affected the World Bank's profit last year was that its business, which accounted for nearly 80% of its income, was falling sharply.
Founded in Shenzhen, 1993, World Bank is the first comprehensive real estate service provider in China to land in A shares, and its business includes real estate consulting, real estate agency, real estate brokerage and property management. Business is divided into four parts: transaction service, post-transaction service, asset operation service and asset management service. Operating income is 4.289 billion yuan, 744 million yuan, 935 million yuan and 640 million yuan respectively; The first two accounted for 76. 15% of the total business income, which decreased by 18.88% and 26.6% respectively. The latter two accounted for 23.85%, rising by 47.46% and 16.26% respectively.
In addition, the acquisition of Tongce Real Estate Consulting Co., Ltd. by World Bank at the end of 20 19 is still in progress. As of April 15, World Bank reported 2.79 yuan, a decrease of 0.7 1%.