On April 30, the real estate brokerage company I Love My Home Holdings Group Co., Ltd. (000560.SZ) released the first quarter of 2020 report. The data shows that in the first quarter of 2020, the company achieved operating income of 1.28 billion yuan, a year-on-year decrease of 50.55 %; The net profit attributable to the mother is -160 million, compared with 210 million yuan in the same period of the previous year.

Real estate brokerage business, housing asset management business and commercial asset management business are the main sources of operating income for my family. However, affected by the epidemic, all of its businesses in the first quarter of this year have been affected to a certain extent.

The report shows that in the real estate brokerage business, the actual operating time of the second-hand housing business in the first quarter of the country is less than 1.5 months; the epidemic also has a greater impact on the turnover of new houses .

In terms of housing asset management business, due to the double impact of seasonal fluctuations and epidemic situation, a large number of tenants cannot return to the city on time in the first quarter, which has inhibited the demand for new leases. The “Xiaoyang Spring” did not appear after the traditional Spring Festival in the housing leasing industry, and the leasing transaction volume declined significantly compared with the same period last year, which made the core operating indicators such as the occupancy rate and income of housing leasing companies affected differently.

The first quarter report pointed out that in March, second-hand buyers and sellers added new levels of activity, but there are still certain conditions in the offline zone. The transaction volume rebounded rapidly in the month. Compared with January, it increased by 22% and returned to 66% of the average monthly transaction level in 2019. The anti-volatility capability of the leasing business showed that the rental unit volume in March returned to 94% of the average monthly transaction level in 2019. In March, the turnover of new houses in most cities has returned to more than 70% of the same period last year. Among them: Hangzhou, Chengdu, Nanjing and other cities have remained flat or slightly increased year-on-year.

The 2019 annual report disclosed on the same day showed that the company achieved operating income of 11.21 billion yuan in 2019, an increase of 4.86% year-on-year; operating profit of 1.16 billion yuan, an increase of 17.84 year-on-year %; Net profit attributable to mother was 830 million yuan, a year-on-year increase of 31.13%.

The annual report shows that in the real estate brokerage business, the company ’s second-hand housing business achieved revenue of 5.72 billion yuan in 2019, a year-on-year increase of 4.3%. Beijing, Hangzhou, Nanjing, Suzhou, Taiyuan, Tianjin, Wuxi and other cities accounted for the top three, with Hangzhou having a market share of over 30%, ranking first for three consecutive years. The data shows that the monthly per capita performance of the second-hand housing business is 15,300 yuan, an increase of 12.20% year-on-year.

New house business achieved revenue of 1.9 billion yuan, a year-on-year increase of 16.5%, and more than 60% of urban new house income achieved year-on-year increase. The number of monthly saleable projects exceeded 2,000.

In terms of housing asset management business, its long-term rental apartment brand together achieved revenue of 1.87 billion yuan in 2019, a year-on-year increase of 13.1%, and the national average annual occupancy rate reached 95% The average housing sales cycle for the whole year is 12.6 days, of which the average sales control period in the fourth quarter of 2019 has decreased by 17% year-on-year. As of December 2019, the country has a combined management volume of 276,000 units.

In terms of commercial asset management business, the company ’s commercial asset operation brand “Kunbai” focuses on the operation and management of large shopping malls. At present, there are 7 operating projects with a management area of ​​approximately 40 10,000 square meters, self-held area of ​​about 240,000 square meters, managed commercial project brands include Kunming Department Store New Century Store, Xintiandi, New Southwest, Metropolis, International School, Dali Taiye, Kunming Corridor, etc. During the reporting period, the performance of commercial property operations has steadily increased.

For the business plan for 2020, I love my family that the company will focus on the Beijing-Tianjin-Hebei, Yangtze River Delta and Guangdong-Hong Kong-Macao Greater Bay Area to further seek for sustained economic growth and population Cities with continuous net inflows will continue to develop new cities. In existing cities, seize market opportunities through the direct expansion of direct business; in the suburbs or development areas where direct business covers weak or no coverage, make efforts to join the business, realize the rapid expansion of store scale, and take advantage of the joint advantages of the tenant matching area . At the same time, increase the proportion of income from new housing business and housing asset management business. Increase the penetration of new homes into second-hand brokers, increase distribution revenue; optimize housing asset management for rent management, renewal of contracts and newly acquired high-quality housing as a breakthrough for growth, and achieve the growth of the combined ownership.

The official website shows that I Love My Home is the first real estate brokerage leading company in mainland China that has landed on the A-share main board market. It owns I Love My Home, Xiangyu, Kunbai University, I love my family ’s overseas and other professional business brands. For governments, investment institutions, financial institutions, academic research institutions, real estate development companies, and individual consumers, we provide online and offline integrated data consultants, real estate agents, new house transactions, Second-hand housing brokerage, house leasing, residential asset management, commercial real estate operation management and overseas real estate transaction, etc., comprehensive service of the entire real estate industry chain.

As of now, I love my family ’s domestic business covers Beijing, Shanghai, Hangzhou, Nanjing, Tianjin, Suzhou, Taiyuan, Wuxi, Zhengzhou, Chengdu, Wuhan, Changsha, Nanchang , Qingdao, Changzhou, Nanning, Kunming and other 17 large and medium-sized cities in ChinaInternational business covers more than 50 countries and regions in North America, Southeast Asia, Australia, New Zealand, Europe, and the Middle East.