Business Daily Media

Men's Weekly

.

SCE CM Developed Steadily in 2022 GFA Under Management Grew by 14.8% YoY

HONG KONG SAR - Media OutReach - 30 March 2023 – SCE Intelligent Commercial Management Holdings Limited ("SCE CM" or the "Company", together with its subsidiaries, the "Group", HKEX Stock Code: 606), a comprehensive property management service provider in China, is pleased to announce its audited annual results for the year ended 31st December 2022 (the "Year").



In 2022, the real estate market was affected by the tightened financing channels, in addition to the COVID-19 outbreaks, which slowed the progress of project construction and opening, impacting the Group's revenue from pre-opening management service. During the Year, the Group recorded a revenue of approximately RMB1.182 billion, with a gross profit of approximately RMB430 million and a gross margin of 36.4%. The Group's profit for the Year amounted to approximately RMB213 million. Profit attributable to owners of the parent was RMB208 million, and the basic earnings per share was RMB10.0 cents.

For the commercial property management services business, the segment revenue was RMB396 million during the Year. As of 31st December 2022, the contracted GFA of the Group's commercial property projects was approximately 5 million sq. m, while the GFA under management grew by 9.2% year-on-year to approximately 1.7 million sq. m, with the number of projects under management increasing to 17. Although COVID-19 flare-ups occurred across the PRC during the year, which affected the overall progress of construction, the resilient China SCE Group Holdings Limited ("China SCE Group") concentrated resources to ensure the speedy completion SCE Funworlds. In December 2022, the Gaomi SCE Funworld located in Shangdong Province opened for business, which was the Group's first shopping mall under management in the Bohai Rim Economic Zone. The occupancy rate was over 92% and the number of visitors exceeded 150,000 on the opening day.

For the residential property management services business, the Group strived to develop diversified value-added services during the Year, launching and improving in succession various service models and further extending the service scope, including car park sales services, exquisite residence services and residential property agency services. At the same time, the Group further enhanced the management scale by leveraging its capital advantages, the strength of its brand and service management capabilities, maintaining a steady development of its residential property management services business, the segment revenue of which amounted to approximately RMB786.6 million during the Year, representing an increase of 17.9% year-on-year. As of 31st December 2022, the Group's contracted GFA and the GFA under management of residential property projects increased by 6.7% and 15.2% to 43.2 million sq. m and 24 million sq. m, respectively. The number of projects under management increased by 21 year-on-year to 149.

As the Chinese government modified its response to COVID-19 outbreaks, the economy is set to gradually recover. China SCE Group and other real estate developers are expected to speed up the construction progress of all projects. The Group is anticipated to regain its previous pace and expand its management scale at an accelerated rate. In 2023, Beijing West Chang'an SCE Funworld, China SCE Group's first outlet-style shopping mall, commenced operation in March, while the construction of three other SCE Funworlds is proceeding at a quickened pace, to be completed during the year.

Mr. Wong Lun, Chairman of SCE CM, said, "Looking ahead, the Group will continue to develop based on the principle of increasing income and reducing costs. On the one hand, it will expand more value-added services with higher profit margin and further develop the third-party management services to replicate SCE CM's high-quality management model. On the other hand, the Group will extend digitalized applications and optimize its human resources organization, in order to further enhance the Group's competitiveness in the market. At the same time, the Group will identify potential targets among industries and expand the scale of its property management portfolio, thereby magnifying the brand effect of 'SCE CM'."
Hashtag: #SCECM

The issuer is solely responsible for the content of this announcement.

About SCE Intelligent Commercial Management Holdings Limited (HKEX Stock Code:606)

Established in 2003, SCE Intelligent Commercial Management Holdings Limited is a comprehensive property management service provider that mainly engages in commercial property management and operation services as well as residential property management services. The regions it serve include the West Taiwan Strait Economic Zone, Yangtze River Delta Economic Zone, the Bohai Rim Economic Zone, the Guangdong-Hong Kong-Macao Greater Bay Area, and the Central Western Region. As of 31st December 2022, SCE CM had a large contracted property management portfolio encompassing 62 cities across 19 provinces, municipalities and autonomous regions in China. In 2022, the Group was awarded the "2022 China Top 100 Commercial Real Estate Developers" and "2022 Top 100 Property Management Companies in China", respectively, by China Index Academy.

For more information, please visit SCE CM's website:

News from Asia

HDBank: A Leading Vietnamese Bank Named Among ASEAN’s Top 5 in Corporate Governance for 2025

HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 29 July 2025 - The Ho Chi Minh City Development Commercial Joint Stock Bank (HDBank) has been named one of the Top 5 Vietnamese listed compani...

Octa market outlook: navigating one of the most eventful weeks of the year

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 28 July 2025 - Forex traders are bracing for what could be one of the most pivotal trading weeks of the year. The calendar is packed with high-im...

Lee Kum Kee Supports the 2025 Asian Championship of World Chinese Cuisine

Where culinary elites are brought together to celebrate Asian gastronomyHONG KONG, CHINA - Media OutReach Newswire - 29 July 2025 - The 2025 Asian Championship of World Chinese Cuisine, organised ...

OPPO Launches AI Phone Reno14 Series and Upgraded AI-Powered Intelligent After-Sales Service System

SHENZHEN, CHINA - Media OutReach Newswire – 29 July 2025 - Following the recent global launch of the Reno14 Series—the latest OPPO AI phone featuring cutting-edge AI imaging capabilities and trend...

Hong Kong Developed Revolutionary Sauce EXOTICA UMAMI [EX M] Impresses Acclaimed International Chefs

Top Italian Restaurateur Paolo Monti of Hong Kong’s popular AMA Italian Ristorante adds new pork collar meat dish to menu incorporating innovative new seasoning sauceHONG KONG SAR - Media OutReach...

Vinmec Central Park Performs Vietnam’s First SEEG using AutoGuide Robotic Guidance System for a child diagnosed from refractory epilepsy

HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 29 July 2025 – A major breakthrough in Vietnam's neurological treatment was recently achieved as doctors at Vinmec Central Park Internati...

VinFast joins the Association of Indonesia Automotive Industries

JAKARTA, INDONESIA - Media OutReach Newswire - 25 July 2025 - VinFast officially announced its membership in the Association of Indonesia Automotive Industries (GAIKINDO), marking a significant mi...

XTransfer Announces Over 700,000 Global Customers

Emerging Markets Become the "Blue Ocean" for Enterprises Going GlobalHONG KONG SAR - Media OutReach Newswire - 29 July 2025 - XTransfer, the World's Leading & China's No.1 B2B Cross-Border ...

Chun Wo Innovation Student Awards 2024 Successfully Concluded Four Outstanding Projects Showcase the Future of Engineering Innovation

HONG KONG SAR - Media OutReach Newswire - 29 July 2025 - Organised by Chun Wo Development Holdings Limited ("Chun Wo"), the Chun Wo Innovation Student Awards 2024 ("CWISA") concluded successfull...

HEIDELBERG agrees strategic partnership with defense specialist VINCORION

HEIDELBERG moves into defense industry VINCORION Advanced Systems GmbH specializes in power systems for safety-critical applications HEIDELBERG impres...

Small-Business Cash-Flow Playbook 2025

An educational guide to managing ATO debt, real-time super and growth finance in Australia’s new landscape Why ATO debt just became the most expe...

Landowners Offered $30,000 Per Year for Just 1 Hectare: The Rise of 5MW Battery Projects Across Australia

In a pivotal shift reshaping Australia’s renewable energy landscape, landowners in Queensland, New South Wales, and Victoria are being offered up ...

Major national security tech alliance launches with Aerologix a founding member

Australia’s leading drone intelligence pioneer bolsters sovereign tech power Australia’s leading aerial data and drone intelligence platform, Aer...

Chris Hancock AM Honoured as 2025 Communications Ambassador

SYDNEY Chris Hancock AM, former CEO of AARNet, has been awarded the prestigious Communications Ambassador title at the 2025 Telecommunications Indus...

Baby boomers are driving development feasibility leading to larger apartments

As residential developers continue to grapple with feasibility issues on apartment projects, the sector is struggling to deliver volumes of new st...

Hays launches FY25/26 Salary Guide: ‘Salary Paradox’ deepens as pay rises fail Australians

Rising dissatisfaction with pay, progression and perks is fuelling a new wave of career change in FY25/26, as Australians demand more from employe...

Sell by LayBy