- CEO
- Sai Tan Hui
- Full Time Employees
- 36,227
- Sector
- Real Estate
- Industry
- Real Estate - Services
- Address
- Shanghai Shimao Tower Shanghai SH People's Republic of China 200122
- IPO Date
- Sep 28, 2022
- Business
- Shimao Services Holdings Limited (HK:0873), established in 2005 and headquartered in Shanghai, China, operates as an investment holding company providing integrated property management services, community value-added services, value-added services to non-property owners, and city services across more than 140 cities in four core high-energy city clusters including the Yangtze River Delta, Central and Western China, Southern China, and Bohai Economic Rim; it manages 1,491 projects covering residential properties, universities and colleges, public buildings, industrial parks, hospitals, and other formats with gross floor area under management of 246.9 million square meters and contracted gross floor area of 332.6 million square meters as of June 30, 2024. Core property management services, representing 68.5% of first-half 2024 revenue, encompass security, cleaning, greening and gardening, repair, maintenance, engineering construction including electrical and electronic work, interior decoration, landscaping, and civil works; community value-added services include community asset management, carpark asset operation, smart scenario solutions such as whole-house smart devices, smart parking, and smart passages, campus value-added services, elderly care services via subsidiaries like Healthtop and Chunqiji, and home decoration supply chain and marketing; value-added services to non-property owners cover display units and property sales venue management, preliminary planning and design consultancy, and repair and maintenance for developers; city services comprise sanitation, cleaning, sewage and waste treatment, environmental protection, and municipal infrastructure support. A subsidiary of Best Cosmos Limited and key component of Shimao Group's strategy, the company listed on the Hong Kong Stock Exchange in October 2020, serves nearly 3.2 million owners and users with a focus on residential (58.5% of managed area, 73.3% in first- and second-tier cities), non-residential, and third-party projects (75.2% of managed area), while selling hardware devices, software products, and providing digital technology, real estate agency, wholesale retail trading, education, hotel management, supply chain, and energy-saving solutions to property owners, developers, technology firms, and other managers. In recent developments, first-half 2024 third-party bidding expansion added RMB620.1 million in annualized contract value and 17.7 million square meters contracted GFA, including benchmark projects like China Mobile Guizhou, National Convention and Exhibition Centre Tianjin, and Zhejiang University Hainan platform, boosting revenue 5.7% to RMB2,761 million despite real estate headwinds; community value-added revenue fell 17.3% amid real estate slowdowns but smart scenarios rose 84% and elderly care 19.2%, while overall revenue dipped 1.6% to RMB4,032 million with net profit up to RMB211 million and MSCI ESG rating upgraded to BBB; in November 2025, new continuing connected transaction agreements with Shimao Group Holdings extended leasing, carpark sales agency, and operational services through 2028 to enhance collaboration and positioning without needing shareholder approval.