A New Vision Empowered by Intelligence
Mapping Out a Nationwide Layout for City Services
Waren
Yahao
A subsidiary of A-Living
specialized in city services
business
Shaanxi Mingtang
Acquired 60% equity interest
One of Top 100 environmental
sanitation service enterprises in
China
ZH Sanitation
Acquired 30% equity interest
Ranked 10th out of Top 100
environmental sanitation service
enterprises in China*
City Services Segment
Collaborative development of
seven regions to shape a
nationwide layout
Dalian Mingri
Acquired 51% equity interest
Ranked 16th out of Top 100
environmental sanitation service
enterprises in China*
Beijing Huifeng
Acquired 51% equity interest
Ranked 28th out of Top 100
environmental sanitation service
enterprises in China^
Anhui Yurun
Intended to acquire 51% equity
interest
One of Top 100 cleaning
services brands in China
Business layout of
city services
Strategy implementation: Mapped out a development
strategy for city services to further extend industry value chain
and enhance the anti-cyclicality and growth ability of business
Brand upgrade: Acquired the Top 10, Top 100 or regional
dominant brands through equity acquisition to form a strong
alliance and enhance the market influence
Leading scale: Currently manages over 130 projects with a
total annualized contract value of over RMB10 bn #, lifting A-
Living as a leading city services enterprise
Nationwide layout: Seven regional offices will collaborate
with the acquired companies to form a nationwide layout and
establish a dominant position in each regional market
Expansion capability: Extensive experience
and
qualifications together lay a solid foundation for further market
expansion
City services business is making some headway with more than 130 projects under management, covering 53 cities in 20 provinces, autonomous
regions and municipalities, representing a total annualized contract value of over RMB2 bn and total contract value of over RMB 13 bn#
• Following the strategy, A-Living recently acquired 5 leading city integrated services enterprises for a total of RMB1.18 bn at a roughly 10 times P/E
ratio, and rapidly mapped out a city services layout by adding Top 10 and Top 16 environmental sanitation service companies to the Group
Source: Huanjingsinan, 2020 Top 100 Enterprises *According to total contract value ^According to annualized contract value #Incl. associates as at 31 Dec 2020
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