Evergrande Property Services Group Limited
EVGPF
Other OTC0.15
USD
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Evergrande Property Services Group Limited
EVGPF
(Other OTC)
Recent
price
0.15
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Evergrande Property Services Group Limited is a leading property management company primarily engaged in diversified property management services and community value-added services across China. Founded in 1997 and headquartered in Guangzhou, the company manages over 3,000 projects serving approximately 3.95 million owners with a diverse portfolio that includes residential properties, office buildings, commercial properties, theme parks, industrial parks, health and wellness projects, as well as schools, hospitals, banks, government buildings, high-speed railways, airports, and scenic spots. Its core offerings encompass basic property management and value-added services such as butler services, security, cleaning, greening, repair and maintenance, alongside pre-delivery cleaning and inspection services. Additionally, it provides community operation services including public resource management, park space leasing, community asset operations, and innovative community life services. The company also delivers urban infrastructure services such as greening landscape maintenance, road maintenance, sports event support, and cultural venue management, plus community living services like group purchasing, housekeeping, home decoration, drinking water provision, and charging station services. In its business model, Evergrande Property Services generates revenue mainly from three segments: property management services, value-added services to non-property owners, and community value-added services. It extends its property management services to various customer segments, including property owners, residents, tenants, and property developers, with services spanning residential, commercial, and industrial properties. Its asset management offerings cover parking space leasing, housing rental and sales, and management services for sports and entertainment complexes. The company also supports large-scale events, smart platform operations, and investment operations centered around property-related assets. Over the past two years, Evergrande Property Services has faced significant operational changes linked to the financial difficulties of its parent, China Evergrande Group. The company's liquidators have received non-binding acquisition proposals from multiple potential buyers, including rumored interest from China Overseas Group and China Resources Group subsidiaries, reflecting potential ownership transfer as part of Evergrande Group's ongoing debt restructuring efforts. Despite these challenges, Evergrande Property Services reported steady performance with new contracts exceeding 23 million square meters and annual contract revenue of around 600 million yuan, with non-residential projects accounting for over 70 percent of revenue. The company also saw a 5.6 percent year-over-year profit decline in the first half of 2025, indicating operational pressures amid the industry crisis. The potential change in ownership is expected to influence strategic directions and market positioning, with possible synergistic development and industry consolidation anticipated. Strategically, Evergrande Property Services continues to expand its service offerings across China, focusing on both residential and non-residential markets. The company is engaged in integrated community living services, asset and urban management services, and smart property management solutions, aiming to enhance customer experience and operational efficiency. Its geographic operations span major regions in the People's Republic of China, with a strong presence in Guangzhou and surrounding areas. Evergrande Property Services Group Limited operates as a subsidiary of China Evergrande Group, a major real estate conglomerate. The company’s comprehensive service portfolio and broad client base position it as a leading player in China’s property services segment, even as it navigates ownership transitions and the sector's ongoing restructuring challenges.