Excellence Commercial Property & Facilities Management Group Limited
6989.HK
Hong Kong Stock Exchange0.54
HKD
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Excellence Commercial Property & Facilities Management Group Limited
6989.HK
(Hong Kong Stock Exchange)
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0.54
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- Business
- Excellence Commercial Property & Facilities Management Group Limited engages primarily in commercial property management and facilities management services in China. The company operates through three main segments: Property Management Services, Finance Services, and Other Services. Its Property Management Services segment provides comprehensive property management, system and materials supply, and engineering services to property developers, owners, and tenants. It also offers value-added services such as asset services, including preliminary property consulting, property leasing and sales agency, asset-light property operation, space operation, and corporate services. The Finance Services segment delivers micro-lending solutions targeted at small and medium enterprises, individual business proprietors, and individuals. The Other Services segment encompasses apartment rental services along with real estate consulting, asset operation and management, equipment and facilities management, construction and mechanical services, electrical services, business environment management, administrative logistics, hotel management consulting, and decoration engineering. The company serves a broad range of commercial properties including office buildings, industrial parks, government buildings, and residential apartments. Founded in 1999, it is headquartered in Shenzhen, China, and is a subsidiary of Oriental Rich Holdings Group Limited. Recent major developments include the company’s focus on strategic expansion through acquisitions and investments, notably a 75% equity acquisition in Beijing Global Wealth Property Management Co., Ltd. in 2024. The company has emphasized enhancing its smart technology management information platform to improve operational efficiency and customer experience. In 2024, it reported revenue growth of 7.8% to RMB 4.23 billion and profit growth of 3.6%, illustrating resilience amid macroeconomic challenges. Additionally, the company received recognition as a top Integrated Facility Management service provider in China for 2024. However, it has recently announced a delay in dispatching circulars related to shareholder meetings to finalize transaction details, reflecting ongoing corporate governance developments. These initiatives reflect the company’s commitment to scaling operations and leveraging technology to strengthen its market position. Excellence Commercial Property & Facilities Management Group Limited trades on the Hong Kong Stock Exchange under the ticker 6989.HK and continues to enhance its service offering with a strong emphasis on technology integration and strategic asset management. The company maintains operations primarily within mainland China and targets commercial property developers, tenants, government entities, and residential property sectors. This description encompasses the company’s core product and service categories alongside its latest operational, strategic, and financial updates as of 2024-2025.