Rongchuang service rose 21.9percent on the first day of listing, and its market value exceeded HK $42.4 billion

category:Finance
 Rongchuang service rose 21.9percent on the first day of listing, and its market value exceeded HK $42.4 billion


The performance of rongchuang service on the first day of listing shows that the capital market is optimistic about the growth potential of the company for a long time. Leading enterprises like rongchuang service, which have strong parent company advantages, industry integration ability and long-term competitiveness, will eventually stand out. Since its establishment for 16 years, rongchuang service has developed rapidly with the full support of its parent company rongchuang China. As of September 30, 2020, the contracted construction area of the company is 247 million square meters, and the construction area under management is 116 million square meters. In the first half of this year, the company continued its high growth trend, with an operating revenue of 1.79 billion, a year-on-year increase of 52.9%; and a profit of 251 million, a year-on-year increase of 367.6%. According to the statistics of China Index Research Institute, the overall growth rate of rongchuang service in 2019 (calculated by the average annual growth rate of construction area under management, contract area, income and profit) is 94.1%, ranking first among the top 100 large property service enterprises. Source: Netease Financial Editor: Zhong Qiming_ NF5619

The performance of rongchuang service on the first day of listing shows that the capital market is optimistic about the growth potential of the company for a long time. Leading enterprises like rongchuang service, which have strong parent company advantages, industry integration ability and long-term competitiveness, will eventually stand out.

Since its establishment for 16 years, rongchuang service has developed rapidly with the full support of its parent company rongchuang China. As of September 30, 2020, the contracted construction area of the company is 247 million square meters, and the construction area under management is 116 million square meters. In the first half of this year, the company continued its high growth trend, with an operating revenue of 1.79 billion, a year-on-year increase of 52.9%; and a profit of 251 million, a year-on-year increase of 367.6%.

According to the statistics of China Index Research Institute, the overall growth rate of rongchuang service in 2019 (calculated by the average annual growth rate of construction area under management, contract area, income and profit) is 94.1%, ranking first among the top 100 large property service enterprises.