Continued to strengthen its leading market position and execute diversified services strategy
Revenue and core net profit* increased by approximately 42% and 26% respectively
HONG KONG, March 29, 2019 /PRNewswire/ —
Financial Performance:

Year ended 31 December

(RMB Million)
2018
2017
Change

Revenue
618.8
436.0
+41.9%

Gross profit
208.8
148.5
+40.6%

Core net profit*
93.8
74.6
+25.7%

Final dividend per share (RMB)
0.055

* Excluding the effect of the listing expenses
Operational & Development Highlights:
Rapid growth in scale expansion in property management service segment

Revenue from property management service segment amounted to RMB453 million with a growth rate of 42.6%, accounting for approximately 73.2% of total revenue
By the end of 2018, the Group had a total GFA under management of approximately 10.4 million sq.m., while the total GFA under management reached 11.22 million sq.m. in March 2019
Revenue from South China region accounted for 66.7% of total revenue; the Group will continue to benefit from policy for Guangdong-Hong Kong-Macao Greater Bay Area
The CAGR of the contracted sales of the parent company reached 89% with total GFA of land bank of 34.10 million sq.m. The Group’s GFA under management would greatly increase with the support of the parent company

Outstanding performance of commercial operational service segment 

Revenue from commercial operational services amounted to RMB166 million with a growth rate of 40.3%, accounting for approximately 26.8% of total revenue. In which, revenue from commercial operation and management services increased substantially by 106.9%
Provided commercial operational services to 9 shopping malls in operation with GFA under management of approximately 424,000 sq.m. and contracted to provide the commercial operation and management services to 25 shopping malls with contracted GFA of approximately 1.3 million sq.m.

Diversified business drives the long-term growth

Apply two ecospheres of "lives in properties and commercial complex" thoroughly
Grasp the opportunities in medical beauty market and establish the strategic cooperation with Genius Kabuskiki Kaisha and Beijing Chunyu Yisheng
Create the first MS ARORA Wanbo flagship store
Aoyuan Chinese Medicine provided "Community + Traditional Chinese Medicine" services in the communities
"Aoyuejia" mobile application served about 27,700 property owners in 56 residential properties managed by the Group

Connecting with the capital market with rapid growth momentum 

Separately listed in the Main Board of Stock Exchange of Hong Kong and broadly supported by international and local investors with net proceeds from the global offering of approximately HK$580 million
Make good use of capital to accelerate business development and enhance long-term return to shareholders. Approximately 62.0% of raised funds will be used for strategic acquisition, investment opportunities and expansion of scale of commercial operational service and property management service businesses 

Aoyuan Healthy Life Group Company Limited ("Aoyuan Healthy" or the "Group"; SEHK stock code: 3662), is pleased to announced its annual results for the year ended 31 December 2018 (the "Year").

Left to right: Chief Financial Officer and Director of Financial Management Division, Mr. Xu Xiaodong, Executive Director, Mr. Tao Yu, Chairman of the Board and Non-executive Director, Mr. Guo Zining, Non-executive Director, Mr. Chen Zhibin and Chief Operating Officer

Leveraging on the Group’s rich experience in property management and long-term and stable cooperation with the parent company, China Aoyuan Group Limited ("China Aoyuan" or the "parent company"; SEHK stock code: 3883), also with the joint efforts of all the management and employees, the Group achieved a leap-forward growth in the past few years and greatly improved its various operational indicators, which has laid a foundation for the Group to become a leading provider of property management and commercial operational services in China.
For the year ended 31 December 2018, the Group’s total turnover was RMB618.8 million, representing an increase of 41.9% compared to RMB436.0 million for 2017. The increase was mainly due to the rapid growth in GFA under management and commercial operational services. Turnover generated from property management services and commercial operational services contributed to 73.2% and 26.8% of total revenue, respectively.
The gross profit was approximately RMB208.8 million, representing an increase of approximately 40.6% as compared to that in 2017. The gross profit margin was 33.7% which remained stable. The Excluding the effect of the listing and related expenses of approximately RMB15.5 million (2017: RMB4.6 million), the Group’s core net profit was approximately RMB93.8 million, representing an increase of 25.7% as compared to that in 2017. Profit attributable to equity Shareholders was approximately RMB78.1 million in 2018 (2017: RMB69.8 million). Basic earnings per share is RMB0.1654.
The Board recommended the payment of a final dividend of RMB0.055 per share for the year ended 31 December 2018.
Property Management Services
For the year ended 31 December 2018, revenue from property management service segment amounted to RMB453 million with a growth rate of 42.6%, accounting for approximately 73.2% of total revenue. The Group achieved an increase in the GFA under management of 1.8 million sq.m. during the Year.
As at 31 December 2018, the Group provided property management services to 61 properties in 25 cities across 11 provinces, municipalities and autonomous regions in the PRC with a total GFA under management of approximately 10.4 million sq.m. The Group’s total GFA under management reached to approximately 11.22 million sq.m. in March 2019.
The increase of revenue generated from property management services was approximately RMB70.9 million or approximately 30.2% and the increase in revenue generated from sales assistance services of approximately RMB55.0 million or approximately 125.3%. The increase of revenue generated from property management services was mainly due to the increase in the GFA under management from 8.6 million sq.m. to 10.4 million sq.m. The increase of revenue generated from sales assistance services was mainly due to the increase in number of properties we served from 54 in 2017 to 93 in 2018.
Commercial Operational Services
During the Year, revenue generated from commercial operational services was approximately RMB166 million with a growth rate of 40.3%, accounting for approximately 26.8% of total revenue. The growth was mainly attributable to the increase in revenue generated from commercial operation and management services of approximately RMB53.0 million or approximately 106.9%. 3 out of 4 newly opened shopping malls in 2018 were under the commercial operation and management services by the Group. Such shopping malls increased commercial operational services contracted GFA by approximately to 157,000 sq.m..
As at 31 December 2018, the Group provided commercial operational services to 9 shopping malls in operation with GFA under management of approximately 424,000 sq.m. and contracted to provide commercial operational services to 25 shopping malls with contracted GFA of approximately 1.3 million sq.m.
For the year ended 31 December 2018, revenue generated from market positioning and business tenant sourcing services was primarily attributable to the opening of Chongqing Chayuan Aoyuan Plaza, Zhuhai Aoyuan Plaza, Kangwei Plaza and Foshan Aoyuan Plaza; and the completion of a supplemental services contract for Shenyang Aoyuan Plaza.
Diversified Services – Healthcare Services
During the Year, the Group has seized the opportunity to enter the big health industry and promoted medical beauty services. It applied diversified services in two ecospheres of "lives in properties and commercial complex" and continuously integrated resources to provide medical beauty services and traditional Chinese medicine services for customers. The Group created a "light medical beauty" concept of "professional medical beauty is around you" for the medical beauty service of Aoyuan, and develop the medical beauty service segment, with the grand opening of the first MS ARORA Wanbo flagship store on 15 March 2019. The Group was dedicated to creating the service mode of "community + traditional Chinese medicine" for the traditional Chinese medicine service segment, so as to introduce healthier lifestyle and idea of traditional Chinese medicine to communities, and to lay foundation of elderly care services in communities.
O2O Platforms
In response to demands from property developers, property owners, residents and tenants, our Group has made efforts to optimize our business model and improve our service quality. Our O2O platforms primarily comprise our "Aoyuejia" Android and iOS mobile application and WeChat official accounts. Our Group launched "Aoyuejia" mobile application in June 2017 which is designed to meet the diversified demands of our residents at the residential communities we manage. As at 31 December 2018, "Aoyuejia" mobile application covered 56 residential properties managed by us, and had approximately 27,700 registered users.
Future Outlook
The Group plans to strengthen our position in the property management service and commercial operational service industries by implementing the following strategies: (i) benefited from the parent company’s repaid development to enhance service quality and expand the property management service portfolio; (ii) scale up the commercial operational service business with a focus on the Greater Bay Area and across the PRC; (iii) further develop the healthcare services and integrate with the existing business to create synergy and achieve collaborative development; (iv) continue to develop and upgrade our O2O platforms to enhance our customers’ experience and facilitate the establishment of a big data analytics platform; and (v) develop intelligent service systems and upgrade our internal IT system to enhance operational efficiency.
Mr. Guo Zining, Chairman of the Board and Non-executive Director said, "Looking ahead, with the increasing competition among industry, the Group will leverage its strengths to expand the property management portfolio and plan to focus its future development on cities with large population and large growth potential. In addition, the Group will continue to develop and upgrade online and offline platform, and enhance customers’ experience and establish big data platform, develop high-technological service system, in order to enhance the Group’s competitiveness. Aoyuan Healthy will continue to implement a diversified development strategy, with support from China Aoyuan and actively gasp the opportunity to enter the health industry under national policy, to provide value-added services to customers, and accomplish the Group’s industry layout. Aoyuan Healthy will integrate the resources of property management services, commercial operational services and healthcare services to create synergy and achieve collaborative development."
About Aoyuan Healthy Life Group Limited
Aoyuan Healthy Life Group Limited is a reputable property management service and commercial operational service provider in the PRC offering diversified property management services for residential and non-residential properties and a full range of commercial operational services for shopping malls, with a focus on mid to high-end properties and mixed-use property developments. The Group has also offered general health and wellness services for residents in order to build a community of traditional Chinese medical services and medical beauty services, develop diversified value-added services to enhance customer satisfaction.
Photo – https://photos.prnasia.com/prnh/20190329/2418776-1
Source: prnasia

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