Landsea Green Life Service Company Limited
1965.HK
Hong Kong Stock Exchange0.13
HKD
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Landsea Green Life Service Company Limited
1965.HK
(Hong Kong Stock Exchange)
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0.13
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ROIC.AI
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- Landsea Green Life Service Company Limited (1965.HK), founded in 2005 and headquartered at 108 Jianye Road, Qinhuai District, Nanjing, Jiangsu Province, PRC, provides diversified property management services, community value-added services, value-added services to non-property owners, and apartment operation and management services across residential properties, office buildings, rental apartments, public facilities, industrial parks, hospitals, and bank branches primarily in the Yangtze River Delta region and 36 cities nationwide in China. Property management services encompass security, cleaning, gardening and landscaping, car parking management, and daily repair and maintenance for property developers, owners, and tenants; community value-added services include home-living services such as housekeeping and house repair, public resource management like rentals and advertising, second-hand property agency for sales and leases, and asset management; value-added services to non-property owners cover sales assistance including visitor reception, on-site cleaning, security, maintenance, pre-sale marketing support, consultancy, inspection, and property agency; while apartment operation and management services target white-collar apartments, youth apartments, light luxury serviced apartments, staff accommodation, and ancillary commercial operations under light-asset models like entrusted management and EPC+O. As of 31 December 2024, the company manages approximately 28.62 million sq.m. of consolidated GFA across 188 properties serving over 230,000 households, with contracted GFA at 33.62 million sq.m., and operates 25 light-asset serviced apartment projects with 10,998 rooms; it ranks 21st among China's Top 100 Property Management Companies in 2025 per China Index Academy, third in GFA under management for green buildings rated two stars or above. Recent developments include new consolidated contracted GFA of approximately 350,000 sq.m. in 2024, a successful judicial auction acquisition of Landsea Group-owned properties for RMB26.3 million through subsidiary Nanjing Wujie Technology Information Consulting Co., Ltd. approved in May 2025 with completion expected by December 2025, divestment of long-term loss-making projects to prioritize high-value areas and efficiency, impairment charges of RMB140.2 million on goodwill and RMB17.0 million on intangible assets related to the Beihai Langrun CGU, and revenue declines across segments amid industry challenges with 2024 revenue at RMB789 million versus RMB931 million in 2023 alongside a net loss of RMB319 million. The Cayman Islands-incorporated investment holding company, listed on the Hong Kong Stock Exchange since July 2021, maintains a registered office at Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman KY1-1111 and a principal Hong Kong office at Unit 407, 8 Queen's Road East, Wanchai.