Sunac Services Holdings Limited
SSHLY
Other OTC0.42
USD
- -
- -
ISIN
US86702K1051
CUSIP
86702K105
Return %
Stock
S&P500
1Y
-57.59
26.57
3Y
-80.90
76.60
5Y
-72.64
78.48
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Hongling Cao
- Full Time Employees
- 27,051
- Sector
- Real Estate
- Industry
- Real Estate - Services
- Address
- Tower A4, Aocheng Commercial Plaza Tianjin People's Republic of China
- IPO Date
- Aug 25, 2022
- Website
- sunacservice.com
- Similar Companies
- Business
- Sunac Services Holdings Limited, an investment holding company listed on the Hong Kong Stock Exchange (1516.HK; SSHLY OTC), principally engages in the provision of property management and operational services, community living services, and value-added services to non-property owners in the People's Republic of China. Founded in 2004 and headquartered at Sunac Center in the Nankai District of Tianjin, PRC, the company focuses on mid-to-high-end properties in core cities, delivering comprehensive services including security and order protection; equipment and facility operation and maintenance; environmental cleaning and greening; gardening; repair and maintenance for residential properties, commercial office buildings, urban services, project sites, hospitals, schools, and industrial parks; community convenience services such as house cleaning, home appliance cleaning, home repair, and community retail; space operation services; self-operated property interior decoration; property agency services; sales assistance and consultancy to property developers; and commercial operations encompassing entertainment-oriented products, urban shopping malls, lifestyle neighborhood centers, and cultural-tourism theme shopping streets. Targeting property owners, residents, developers, and non-residential clients primarily in core Chinese cities where such contracts represent approximately 98% of total value, the company manages approximately 291 million sq.m. of gross floor area across about 1.7 million property owners as of December 31, 2024, with residential properties contributing roughly 82% of property management revenue. In recent strategic developments, Sunac Services has deepened its focus on core cities and key segments like residential properties, commercial offices, and industrial parks since 2023, boosting core city contract value share to 98% and project density by 11% from 2022 levels, while premium clients with contracts over RMB10 million now comprise 49% of total. The company completed the disposal of its equity interest in Zhangtai Services Group Co., Ltd. in September 2025 to Rising Far (BVI), a Sunac subsidiary, eliminating its stake following prior announcements, and recorded goodwill impairment of approximately RMB74.7 million on the prior acquisition due to slower-than-expected expansion and rising costs. Additionally, it renewed key framework agreements with Sunac China Holdings Limited for ongoing property management and related services, while optimizing non-related party revenue to 98% of 2024 total (RMB6.97 billion), reducing related-party receivables exposure, and proposing a final dividend of RMB0.143 per share yielding about 9.5%.