Jinfair Properties (01354) rose more than 10% in the afternoon, reaching a new high of HKD 11.8, up more than 57% from the HKD 7.5 IPO price. As of the press time, it rose by 7.28% to HKD 11.5, with a turnover of HKD 1.926 million.
According to the Finance and Economics APP, Jinfair Properties (01354) rose more than 10% in the afternoon, reaching a new high of HKD 11.8, up more than 57% from the HKD 7.5 IPO price. As of the press time, it rose by 7.28% to HKD 11.5, with a turnover of HKD 1.926 million.
According to reports, Jinfair Properties is a state-owned comprehensive urban service and property management service provider in Shaanxi Province. According to the data of China Index Academy, as of December 31, 2023, the company's market share in the managed building area in Shaanxi Province was about 1.8%, ranking third among property management service providers operating in Shaanxi Province in 2023.
In terms of performance, Jinfair Properties achieved revenues of approximately CNY 594 million, CNY 707 million and CNY 862 million in 2021, 2022 and 2023, respectively, with corresponding net income of CNY 31.155 million, CNY 37.439 million and CNY 51.018 million. In 2021, 2022 and 2023, the overall gross margins of Jinfair Properties were 14.5%, 14.3% and 13.7%, respectively.