On April 29, Ya Life Group released the 2021 annual results announcement.

The announcement shows that in 2021, Ya Life achieved revenue of 14.080 billion yuan, a year-on-year increase of 40.4%; gross profit of 3.869 billion yuan, a year-on-year increase of 30.1%; net profit of 2.566 billion yuan, a year-on-year increase of 30.1%; profit attributable to shareholders of 2.309 billion yuan, a year-on-year increase 31.6%.

  The incomes of property management services, value-added services for property owners, and extended value-added services were 8.658 billion yuan, 1.867 billion yuan, and 2.857 billion yuan respectively, an increase of 33.6%, 77.3% and 14.7% respectively over the same period last year.

The urban services segment recorded a total revenue of RMB 698 million.

  Through market expansion, industry integration and other diversified sources of growth, the Group's management scale continued to grow steadily during the year.

As of the end of 2021, the area under management of Ya Life reached 489 million square meters, a year-on-year increase of 114 million square meters; the contracted area reached 663 million square meters, a year-on-year increase of 141 million square meters.

Among them, the contracted area of ​​third-party projects (including holding member companies) reached 515 million square meters, a year-on-year increase of 33.0%, accounting for 77.7% of the total contracted area. The strong market expansion capability will be an important driving force for the growth of Ya Life in the future.

  In addition, the Group was financially stable, with operating cash flow of RMB 2.645 billion and basic earnings per share of RMB 1.67, a year-on-year increase of 26.5%.

Market expansion, volume and price, third-party contract area accounted for as high as 78%

  As of the end of 2021, Ya Life has 4,143 projects under management, covering 217 cities in 31 provinces, municipalities and autonomous regions across the country.

The total area under management of the group reached 489 million square meters, a year-on-year increase of 114 million square meters and a growth rate of 30.4%.

Divided by business type, residential buildings account for 42.5%, public buildings account for 44.9%, and commercial and other buildings account for 12.6%. The layout of business formats is balanced and anti-cyclical; Located in the Guangdong-Hong Kong-Macao Greater Bay Area, 9.2% are located in the Shandong Peninsula urban agglomeration, 7.9% are located in the Chengdu-Chongqing urban agglomeration, and the rest are located in other regions of China.

  The total contracted area of ​​the group reached 663 million square meters, a year-on-year increase of 141 million square meters and a growth rate of 26.9%.

Among them, the newly added contract area from Agile Group and Greenland Holdings was 5 million square meters and 7.7 million square meters respectively, and the newly added contract area of ​​third-party projects reached 128 million square meters.

  As the main source of the Group's growth in scale, Ya Life's market expansion takes into account both scale and quality.

During the year, the newly expanded contract area exceeded 69.3 million square meters (excluding mergers and acquisitions), nearly 70% of the projects were concentrated in first- and second-tier cities, and there were more than 50 benchmark projects in the tens of millions, including an annualized contract value of over 30 million yuan and a service area The 580,000-square-meter supporting venue for the Beijing Winter Olympics - the Chongli Prince City Ice and Snow Town Project, as well as the Shanghai Planetarium, the People's Bank of China Credit Information Center, Shenzhen Donghu Park, Shanghai and Nanjing and other urban landmarks such as rail transit The project further strengthens the leading edge of Ya Life in such sub-sectors as government offices, public venues, transportation hubs, and tourist attractions.

  It has also achieved remarkable results in the coordinated operation of the market.

Ya Life is a game of chess in the national market. Through continuous sorting and integration of market segment experience and aggregation advantages, it has linked regional and member companies to win over 120 projects during the year. The annual contract value of new contracts is nearly 100 million yuan, and it has been ranked in the industry for several consecutive months. No. 1 in the expansion list, it also established the three-dimensional market expansion barrier of Ya Life.

Community value-added service revenue increased by 77% year-on-year, and innovative tracks such as housekeeping and childcare are booming

  Ya Life has been focusing on community life services, vigorously developing market-oriented business, and continuously breaking through business boundaries through capital-driven, self-operated incubation, cooperation pilots, and cross-border cooperation, creating the second curve of Ya Life's income growth.

During the year, the value-added service revenue of the Group's owners reached 1.867 billion yuan, a significant increase of 77.3% year-on-year, accounting for about 13.2% of the total revenue, an increase of 2.7% compared to 2020.

  In the expansion and exploration of value-added services, Ya Life is at the forefront of the industry with an asset-light layout model of "platform + ecology".

During the year, the business scope of community value-added services extended from basic services such as property maintenance, housekeeping services, community group purchases, express delivery, second-hand housing leasing, etc., established a professional product line that deeply cultivated home, and strategically laid out innovative tracks such as housekeeping and childcare, and quickly laid out , and the effect is remarkable.

  During the year, Ya Life reached equity cooperation with 51 Family Manager, a national mid-to-high-end housekeeping brand, and made full efforts from the market side, demand side and supply side to rapidly start national expansion.

In 2021, the annual recharge amount of 51 Family Manager will exceed 120 million yuan, a year-on-year increase of 50%.

Ya life and 51 family housekeepers create a new model of "property housekeeping"

  At the same time, Ya Life actively responds to the growing childcare needs of residents and the call of national policies, independently incubating the leading childcare brand "Le Jingling" in the Greater Bay Area, and cultivates market-oriented service capabilities in the three scenarios of community, family and enterprise. The iterative business model has been optimized to achieve rapid brand expansion, and nearly 50 stores have now been established.

  In addition, the company has also carried out professional transformation of traditional social business businesses such as community retail, home improvement, rental and sales, and continued to create explosive products to greatly increase business density.

For strong resource-based businesses such as elevator maintenance, elevator advertising, and parking lot renovation, Ya Life has successively reached national strategic cooperation with industry leaders such as Kingstar and Otis to create an expansion model from community services to social services.

The urban service layout is accelerated and the long-term development space can be expected

  Since the strategic transformation into a "smart city service provider" in 2020, Ya Life's urban service layout has been accelerating.

Under the background of refined urban management, Ya Life seizes market opportunities, takes "urban development" as the starting point, focuses on the exploration of comprehensive services such as urban space management, urban resource operation, community collaborative governance, and smart city system construction, and is committed to building A complete urban service system covering mature cities, emerging urban areas, and towns and villages, creating a leading full-scenario smart city service platform.

During the year, the revenue of the urban services segment amounted to RMB698 million, accounting for approximately 5.0% of the total revenue.

  Relying on the experience advantages and customer base in the non-residential service field, Ya Life Group quickly obtained professional qualifications in the urban service field, and improved the supply chain and established a national centralized procurement platform.

During the year, it obtained more than ten municipal sanitation projects with an annualized contract value exceeding 10 million yuan, including large-scale benchmarking projects such as the Huinan County Urban Sanitation Marketization Project and Xi'an Qujiang District Road Service Sanitation Project.

According to the "2021 Environmental Sanitation Marketization Development Report" by the Environment Sinan, Ya Life ranked 14th in the industry in terms of contract expansion in 2021.

  At present, Ya Life City Service continues to expand its service boundaries, and its service scope is no longer limited to land. It has also obtained the first batch of marine sanitation projects—the Yangpu Economic Development Zone marine sanitation project, opening a new chapter in professional water services.

In the future, Ya Life will fully tap shareholders and market resources, give full play to its public service experience and professional advantages, create a benchmark project for smart city services, and extend the urban service industry chain to professional market segments.

At the same time, Ya Life will work with smart technology partners to build a smart city operation and service information platform, implement service scenario applications, and form capabilities covering transportation, municipal administration, environmental protection, space planning and other formats through ecological cooperation.

Yangpu Economic Development Zone Marine Sanitation Project

  In addition, Ya Life has also achieved remarkable results in business areas such as talent development, quality improvement, technology empowerment, cost reduction and efficiency enhancement, and post-investment integration.

In the face of the impact of the epidemic and the challenges of natural disasters such as rainstorms, typhoons, and snowstorms where the projects under management are located, the employees of Ya Life Group stick to the front line and take practical actions to protect the life and property of the owners, which have won wide praise from the society and the owners.

  The property management industry is moving towards a stage of high-quality development. Only by maintaining strategic focus, pursuing long-termism, and pursuing innovation and change can it be stable and far-reaching.

In the future, Ya Life will continue to improve the five core capabilities of "service product capability, market expansion capability, technology operation capability, integrated organization capability, and efficient organization capability", striving to help urban development with refined services and realize a better life for owners with quality services.

In the future, Ya Life will accelerate towards the goal of being an excellent quality service operator in China, and will work together with employees, partners, society and the times to achieve integration and symbiosis.