I Love My Family (000560): Revenue, Profits Slightly Increase Capital Management Business Meets Layout Adjustment
The company released its 2019 interim report, which reported operating income of 56.
79 ppm, a six-year increase of 6.
55%, net profit attributable to mothers3.
81 ppm, an increase of 15 in ten years.
88%, net profit attributable to mothers after excluding non-recurring gains and losses.
54 ppm, a five-year increase of 5.
19%; gross profit margin 29.
96%, a decrease of 2 over the same period last year.
Maintain the basic market, the performance of the brokerage business is stable.
In the first half of the year, the second-hand housing market in most of the first- and second-tier cities showed a certain recovery index. The market showed a “front-to-back and low-to-back” trend. The company seized the opportunity and realized real estate brokerage business income in the first half of the year.
79 ppm, an increase of 13 in ten years.
80%, a total of 5.
The transaction volume of 30,000 orders, the unit price of customers, and per capita energy efficiency have both improved; the reported gross profit margin of the first-class brokerage business was 26.
98%, a decrease of 1 from the same period last year.
Affected by the market downturn, the new house business realized income in the first half of the year.
5.1 billion, down slightly 4 previously.
55%, gross margin is 27.
72%, a decrease of 4 over the same period last year.
Focusing on operational turnover efficiency, the asset management business actively adjusted its layout.
As of the end of June, the number of condominium brands belonging to the company was 29.
240,000 units, a decrease of approximately 10,000 units compared to the end of 2018 without increasing the size of the tube, which is mainly due to the company’s initiative to reduce the size of the tube in the area of declining rental demand and the area of rental decline, and reduce its own non-performing inventory.
While the scale of 无锡桑拿网 management declined, the company’s asset management business recorded revenue8.
61 ppm, a six-year increase of 6.
20%, gross margin 26.
14%, down 6 from the same period last year.
93pct, the national average occupancy rate is 94.
7%, vacancy period 9.
For 7 days, it still maintained the industry-leading level.
Improve the layout of the industrial chain and enable technology to improve operational efficiency.
In the first half of the year, the company completed the acquisition of Blue Ocean Shopping, Meizhu.com and value-added shares in Shanghai Yiwu, and reached a strategic cooperation with Suning Youfang to complement the industrial chain and improve the efficiency of brokers and the buyer experience through the Internet.
In addition, the company’s big data project landed in Changsha, and strives to make a breakthrough in the Internet era.
Maintain the company’s overweight rating. It is expected that the EPS in 2019, 2020 and 2021 will be 0.
42 yuan, the corresponding PE is 13.6, 12.
7 times; risk warning: real estate market exceeds expectations, capital management business leasing rate, vacancy period is less than expected