After Huang Liang resigned from his service-related position in Zheng Rong, Lin Xiaotong was appointed as the CEO of Zheng Rong Service and a member of the remuneration committee. Kang Hong was appointed as the executive director, with effect from February 5, 2002/KLOC-0. Among them, Lin Xiaotong was the vice president of Zheng Rong Real Estate Holdings and the general manager of Bohai Rim region.
In addition to Huang Liang, the Chief Financial Officer (CFO) of Zheng Rong Service also changed in August 2020. Wang Yi succeeded Chang Lu as chief financial officer, and in less than a month, he will be listed on the Hong Kong Stock Exchange. It is understood that since the second half of 2020, Ou Zongrong has increased its shareholding in Zheng Rong Service for many times, totaling about 1, 566,438+0,000 shares.
On June 29th, 2020, when Zheng Rong Service announced the launch of public offering, the senior executives present included Huang Xianzhi, Chairman of its Board of Directors, Huang Liang, Executive Director and Chief Executive Officer, Huang Sheng, Executive Director and Vice President, and Chang Lu, Chief Financial Officer and Secretary of United Company. Today, only Huang Xianzhi is still performing his duties.
After listing, executives frequently leave their jobs, at least less than 1 month.
Bedo Financial found that Huang Liang was not the first senior executive of Zheng Rong Service to resign after the IPO of HKEx in July 2020. Prior to this, Zheng Rong Service announced on June 6, 2020 (165438+) that Huang Sheng had resigned as executive director and was replaced by Lin Xiaotong in pursuit of other personal career development plans.
Previously, on August 7, 2020, less than 65,438+0 months before the company was listed on the Zheng Rong Stock Exchange, Liu Chang, Chief Financial Officer of Service, resigned from all his posts and was replaced by Wang Yi, Director, Deputy General Manager and General Manager of Zheng Rong Real Estate Finance Department.
When Huang Sheng resigned, it was less than four months before Zheng Rong Service Company went public. Six months after the company went public (about eight months), its CEO Huang Liang also announced his resignation. According to the previous prospectus, Huang Sheng also served as the vice president of Zheng Rong Service Company. However, Zheng Rong Service Company did not inform whether the position of its vice president had changed.
However, judging from the previous announcement of Zheng Rong Service, Huang Sheng resigned because of "pursuing other personal career development plans". From this perspective, Huang Sheng may have completely retired from Zheng Rong Service and Zheng Rong Group System and joined other companies.
It is worth mentioning that Huang Liang, who resigned this time, represented Zheng Rong in the "Third China Real Estate Capital Summit in 2020-Seeking for Property Management Capital Reform Forum" hosted by Securities Daily in February 2020, and shared the challenges and coping experiences of medium-sized properties after listing.
Huang Liang said at the meeting, "Compared with large enterprises, the requirements of medium-sized enterprises are more comprehensive. On the one hand, they demand good quality, on the other hand, the financial indicators should be better, and at the same time, the brand should generate a premium. From this perspective, the pressure on medium-sized property companies is not small at all. "
In Huang Liang's view, medium-sized property refers to property companies with a management area of 30 million square meters to 65.438+0 billion square meters, including 654.38+05 to 50 in the current list of top 100 properties. According to this standard, Zheng Rong Service is one of the medium-sized properties.
The management area has increased sharply, and the proportion of non-residential plates has increased.
It is understood that Lin Xiaotong, Executive Director of Zheng Rong Service, Huang Liang, Executive Director and Chief Executive Officer, and Wang Yi, Chief Financial Officer and Secretary of United Company, attended the online investor communication meeting held on October 0, 200212002, and shared the business update and business development in the second half of 2020.
According to the data, by the end of 2020, the management area of Zheng Rong reached 4 1.27 million square meters, an increase of 80% compared with the end of 20 19, and the contracted area reached 87.4 million square meters, an increase of 136.2% compared with the end of 20 19. Among them, the proportion from third-party properties increased from 52.3% at the end of 20 19 to 63.7%.
Of the 410.27 million square meters of service management in Zheng Rong, the non-residential area under management is182,400 square meters, which is about 9.94 million square meters more than the 8.3 million square meters at the end of 20 19, with a year-on-year increase of 120%. Based on this calculation, its managed non-residential area accounts for 44% of the total management area, an increase of 8 percentage points year-on-year.
According to the data, Zheng Rong Service is a property company jointly funded by Zheng Rong Group and Ou Zongrong, and it is also the second listed company controlled by Ou Zongrong after Zheng Rong Real Estate (HK:06 158). It is understood that Zheng Rong Service was listed on the Hong Kong Stock Exchange on July 10, 2020 with an issue price of HK$ 4.55.
As of February 5, 20021year, the closing price of Zheng Rong service was HK$ 4.49, slightly lower than the issue price by 1.32%, with a total market value of HK$ 4.658 billion. As of that day, Zheng Rong Real Estate closed at HK$ 4.4 1 with a total market value of HK$192.62 million.
In terms of performance, in 20 17, 20 18 and 20 19 years, Zheng Rong's service income was 273 million yuan, 456 million yuan and 7160,000 yuan respectively; The net profit was 20.3 million yuan, 39.52 million yuan and190,000 yuan respectively. In the first half of 2020, the revenue was 444 million yuan and the net profit was 60.7 million yuan.
According to the business composition, in 20 19, the income of Zheng Rong services from property management services was 342 million yuan, accounting for 47.8%; Non-owned value-added service income was 262 million yuan, accounting for 36.6%; Community value-added service income 1. 1 1 100 million yuan, accounting for 15.6%.
Ou Zongrong relied heavily on Zheng Rong real estate and increased its holdings one after another.
It is understood that Zheng Rong's service income is mainly contributed by Zheng Rong Real Estate controlled by Ou Zongrong and its related parties. According to the prospectus, from 20 17 to 20 19, the income from Zheng Rong real estate and its related parties was 910.5 million yuan,10.29 million yuan and10.7 million yuan, accounting for 33.5%, 28.2% and 28.2% respectively.
In the corresponding reporting period, the income from property management services provided by real estate development projects in Zheng Rong accounted for about 88.2%, 69.6% and 66.4% of the total income from property management services in the same period respectively, and the total construction area involved in management was 77. 1%, 74.5% and 47.6% respectively.
However, Zheng Rong Real Estate does not hold any shares in Zheng Rong Services, but is controlled by Ou Zongrong, Chairman and President of Zheng Rong Group. Zheng Rong's service prospectus shows that before the IPO, Ou Zongrong held 68.3% of the shares through Kevin·Z, 9.5% through Wei Yao, 9.5% through Tian Wei and 7.7% through Ou Guoqiang, son of Ou Zongrong.
After IPO, Ou Zongrong holds about 63. 18%. Bedo Finance found that Ou Zongrong also increased its shareholding in Zheng Rong Service for many times. Among them, 4 1 12.22, 12.30, 202 1,1,000 shares were increased respectively.
After the equity acquisition, Ou Zongrong indirectly held 656.3 million shares of Zheng Rong Service through Kevin·Z, Wei Yao and Tian Wei, accounting for 63.26% of the company's total issued share capital. Among them, the shareholding through Kevin·Z increased to 5,654,380,400 shares, accounting for 49.53%.
As for the senior management, when Zheng Rong Services went public, the senior management team included Huang Xianzhi, a veteran of Zheng Rong Group and chairman of Zheng Rong Services Board, Huang Liang, executive director and CEO, Huang Sheng, executive director and vice president, chief financial officer and Chang Lu, secretary of United Company.
After the resignations of Huang Liang, Huang Sheng and Chang Lu, the board members of Zheng Rong Service became Chairman Huang Xianzhi, Executive Director and CEO Lin Xiaotong, Executive Director Kang Hong and Non-Executive Director Wai-Kin Chan. Among them, Lin Xiaotong succeeded Huang Sheng to join the board of directors on June 5438+065438+ 10, 2020.