EQS-News / 31/03/2020 / 11:27 UTC+8
?Press Release? 31 March, 2020
Colour Life Explores "Community+" Strategy Jointly With Internet Giants And
Continues To Optimize Financial Structure
Financial and operational highlights for 2019
* Steady growth in performance; financial structure further optimized (2019
Compared to 2018)
Revenue: RMB 3,845.0 million (+6.4%)
Profit attributable to the owners of the company: RMB 498.6 million(+2.8 %)
Total debt: RMB 2,294.6 million (-37.3 %)
Net gearing ratio: 8.9 % (-11.0 percentage points)
* Service scale keeps the lead; online platform applied in multiple fields
(2019 Compared with 2018)
GMV of online platform: RMB 12129.6 million (+28.4%)
Ecosystem registered users: 3,641.0 million (+37.9%)
Ecosystem active users: 1,667.0 million (+19.2%)
* Building smart community jointly with JD.com and 360.com; successful
launch of "JD Essence Business (????)"
In recognition of the Group's core values, JD.com and 360.com subscribed for
71,149,000 and 22,956,000 new ordinary shares of the Company at the price of
HK$5.22 per share, respectively. Upon completion of the transactions during
the year, the aggregate shares of JD.com (including its related parties) and
360.com (including its related parties) accounted for 5.00% and 3.05%,
respectively, of the Group's enlarged equity interest.
In the future, the Group will cooperate with JD.com and 360.com to explore
the commercial landscape in "community + commerce", "community + logistics",
"community + technology" and "community + security".
In October 2019, the Group and JD.com jointly launched"JD Essence
Business(????)" . For the five months ended 18 March 2020, the first JD
Essence Store received 22,044 orders from the property owners served by the
Group with a transaction amount of RMB 0.6 million, achieved a space
efficiency of approximately 14.7 times with traditional stores in the first
month. Meanwhile, the total number of JD Essence Stores reached 5, covering
6 communities with 12,000 families under the management of the Group.
(31 March 2020, Hong Kong) Colour Life Services Group Co., Limited ("Colour
Life" or the "Company", stock code: 1778.HK; together with its subsidiaries,
collectively referred to as the "Group") is pleased to announce the Group's
audited annual results for 2019 (the "Period").
· Steady growth in performance; further optimization with debt structure
Colour Life, marked 2019 with a steady growth, as revenue recorded RMB
3,845.0 million, and the profit attributable to the owners of the company
reached RMB 498.6 million, with year-on-year growth of 6.4% and 2.8%
respectively. The Group proposed the payment of a final dividend of RMB 9.12
cent per share of common stock, with a dividend payout ratio of 25%.
The Company continued to optimize its debt structure, and by 31 December
2019, the total debt reduced to RMB 2,294.6 million, with a year-on-year
decrease of 37.3%. The debt-to-asset ratio decreased by 11 percentage points
from 19.9 % to 8.9 % compared with the same period in 2018.
· Service scale keeps the lead; online platform applied in multiple fields
The Group focused on driving its organic growth through reputation and
branding. With our outstanding property management experience, the newly
engaged management area during the reporting period reached 22.6 million
sq.m., demonstrating the Group's core competitive strengths on service
quality and market expansion. By 31 December 2019, the platform service area
of the Group had reached 1,210.7 million square meters, including 562.0
million sq.m. of Total Contracted GFA, 648.7million sq.m. of cooperated and
allianced GFA.
With the promotion of more convenient ports such as WeChat applet, the
number of users logging onto Caizhiyun through WeChat has increased
significantly. By 31 December 2019, the number of registered users in Colour
Life's ecosystem ( including the "Caizhiyun (???)" users at APP and WeChat,
as well as the users of the product companies of Colour Life's ecosystem)
surged by 37.9% to about 36.4 million, among which, the number of active
users of the ecosystem increased 19.2% to 16.7 million. For the year 2019,
the Gross Merchandise Volume (GMV) of the online platform accumulated to RMB
12,129.6 million.
Based on the in-depth understanding of the property management industry,
Colour Life never slackens to upgrade itself via technology and attain
high-quality property management. Equipped with technical support, the
online platform has delivered applications in multiple fields. "Big Dipper
(????)" curbs labor cost and improves overall management efficiency through
the order-oriented property management services. The Group provides its
underlying technology of "Caizhiyun (???)" platform to cooperative partners,
which undoubtedly empowers the industry. "Colour Benefits Life (????)" and
other related products transform owners' "payment" into owners'
"consumption", creatively promoting consumption in communities and laying a
solid foundation for further cooperation with JD.com in the future.
In addition, the Group consistently expands the application of its online
platform technology. For instance, the Group developed Changsha Gardener APP
for the Changsha City Public Security Bureau to support the "Mass Prevention
and Treatment (????)" of the city. By 31 December 2019, the number of
registered users of this APP exceeded 5.53 million.
In terms of overseas expansion, the Group has set up an associate in Vietnam
named "Hung Thai Technology Company Limited" (????) with Phu My Hung
Development Corporation to undertake the management of property projects in
Vietnam. The Vietnamese version of "Caizhiyun APP (???)" has already been
launched, which mainly provides users with basic property management
functions and business information services. By 31 December 2019, the Total
Contracted GFA of Hung Thai Technology's subsidiary reached 3.15 million
square meters with 75 projects, the number of online commercial tenants
amounted to 1,315.
· Building a smart community jointly with JD.com and 360.com; "JD Essence
Business"launched smoothly
During the reporting period, the Group succeeded in concluding an important
collaboration. On 19 July 2019, the Group reached agreements with an
indirect wholly owned subsidiary of JD.com and an indirect wholly owned
subsidiary of "360.com"(?????????????), pursuant to which the Company would
issue 71,149,000 shares and 22,956,000 shares to them respectively at a
price of HK$5.22 per share. Upon completion of the aforesaid transactions
during the year, the aggregate shares held by JD.com and 360.com accounted
for 5.00% and 3.05%, respectively, of the enlarged share capital.
In October 2019, the Group officially entered the new community retail
business by jointly with JD.com launching the"JD Essence Business" (????),
providing property owners served by the Group with exclusively convenient
and favourable services. Leveraging on the offline space and staff
advantages of the Group, and coupled with the advantages of JD.com in the
e-commerce business, this business aims to explore the new business mode of
community retail. Such a new business model marked the prelude of a series
of cooperation between the two parties based on the business scenarios of
"Community + Commerce" and "Community + Logistics".
For the five months ended 18 March 2020, the first JD Essence Store received
22,044 orders from the property owners served by the Group with a
transaction amount of RMB 0.6 million, achieved a space efficiency of
approximately 14.7 times with traditional stores in the first month.
Meanwhile, the total number of JD Essence Stores reached 5, covering 6
communities with 12,000 families under the management of the Group,
demonstrating the completeness and replicability of the business mode. The
Group will join hands with JD.com to further explore the commercial scenario
sector in communities, and make continuous efforts to build a warm and
intelligent community.
At the same time, based on the technological experience accumulated by
360.com in the field of core security, the Group will cooperate with 360.com
in aspects like security, big data, Internet of Things and artificial
intelligence.
· Consolidating principal business; Creating synergy between online and
offline operations
As is remarked by Mr. PAN Jun, chairman of Colour Life Services Group Co.,
Limited: the coronavirus pandemic befalling at the beginning of 2020 unveils
to the whole society the important role property management play on
prevention and control on the front line, and makes enterprises with strong
execution and reaction capability stand out, as Colour Life being one of
them. During the fight against COVID-19, the deepening mutual understanding
between the residents and the property management staffs, which lays a sound
foundation for subsequent online and offline business development.
The community service industry in China will undergo a progressive
development. "Community 1.0" aims to meet the owners' rigid demands through
providing "security, cleaning, greening and maintenance" basic services
(namely "Four Guarantees") to improve their satisfaction; "Community 2.0"
aims to build a more harmonious community through carrying out a wide
variety of themed community activities to create a closer and trustful
relationship with the owners; and "Community 3.0" aims to further explore
the consumption scenarios through offering the owners with various
additional services.
Looking back, Colour Life has been leading the development trend of the
industry. Looking ahead, Colour Life is well-positioned to continue to
consolidate its offline property management business as the foundation of
its business development, enhance neighborhood relationship and create a
more harmonious community. In addition, Colour Life will increase its
efforts to explore various consumption scenarios and promote business
development empowered with online value-added services, developing itself
into the service provider not only has the largest service area, but also
owns the most diversified product portfolio and best service quality, so as
to better meet the people's needs for a beautiful life in the future and
live up to our promise of "Service to Your Family".
--The end--
About Colour Life Services Group Co., Limited
Headquartered in Shenzhen, Colour Life Services Group Co., Limited is a
leading technology-based and comprehensive service operator of community
platform in China. In recent years, with a business strategy of
standardization, centralization and automation, Color Life has achieved
rapid growth in the service area by transforming itself into a
platform-based enterprise, providing community services that balance cost
and quality, so as to maintain its leading position in China's property
management industry. In the meantime, Colour Life has always specialized in
broadening the scope of the services of its online platforms to serve the
diverse needs of the communities and establishing offline and online service
platforms through the internet, thus connecting efficiently the community
residents with various commodity and service suppliers and providing
customers with the best residential service experience. The move will help
to build an ecosystem of community-based services and thus to maintain the
momentum of the Group's development.
Document: https://eqs-cockpit.com/c/fncls.ssp?u=ITAVPINYGA [1]
Document title: Colour Life Explores 'Community+' Strategy Jointly With
Internet Giants And Continues To Optimize Financial Structure
31/03/2020 Dissemination of a Marketing Press Release, transmitted by EQS
Group.
The issuer is solely responsible for the content of this announcement.
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March 30, 2020 23:27 ET (03:27 GMT)
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