资源描述
Table_RightTitle|Table_Title Table_IndustryRank()Table_ReportType Table_ReportDate 2023 04 20 Table_Summary 2022 2023 12 60.38 11.5%32.7pct;38.78 15.4%39.8pct/1.56 0.05 1 2022 12 39.67%40.72%2 2022 62%3pct 2022 2022 20%+/2022 17 20.82%28.22pct 2022 2022 2022 2022 2022 Table_Chart 300 Table_ReportList Table_Authors:S0270522020001 02032255210-30%-25%-20%-15%-10%-5%0%5%10%15%房地产 沪深300 3610 Table_Pagehead|2 19$start$1.4 1.1.4 1.2.5 2.6 2.1.6 2.2.7 2.3.8 3.9 3.1.9 3.2.11 3.3.12 3.4.13 3.5.15 3.6.15 3.7.16 4.16 5.17 1 12/.4 2 2022%.4 3 2022%.4 4%.5 5%.6 6 2022.6 7.7 8.7 9.8 10.8 11.9 12 17%.9 13 17%.10 14 17%.10 15 17%.11 16/.11 17 2022%.12 18%.13 19%.13 20%.13 21%.14 22%.14 23.14 XVEVwPsPpMrQpRpMrMrOnM9PaObRtRmMtRoNlOqQrNiNnPpO6MrRvNvPtOxOvPnRqP Table_Pagehead|3 19 24.15 25/.15 26%.16 27%.16 28 2022%.17 29%.17 Table_Pagehead|4 19(2021)1 A 2022 1 1.1 12 2019 12 60.38 11.5%32.7pct;38.78 15.4%39.8pct 12/1.56 0.05 16.02 7.72 7.63 7.32 3.93 76.58%80.74%30.49%23.24%23.81%17.57%26.31%17.08%4.56%6.98%1 12/iFinD 2 2022%3 2022%1 28.1937.5754.1760.37513.9421.6433.6038.7812.021.741.611.561.001.201.401.601.802.002.200.0010.0020.0030.0040.0050.0060.0070.002019 2020 2021 2022（亿 平方 米）合约规模 在管规模 合约规模/在 管规模 Table_Pagehead|5 19 iFinD iFinD 1.2 12 2020 39.67%2022 40.72%2022 50%64.50%20%12 3 11.80pct 4%2020 2021 2022 89.20%10.80%77.20%22.80%75.50%24.50%44.10%55.90%45.00%55.00%43.90%56.10%78.10%21.90%78.70%21.30%71.70%28.30%82.80%17.20%81.80%18.20%81.80%18.20%40.40%59.60%42.50%57.50%43.60%56.40%77.50%22.50%80.70%19.30%81.50%18.50%59.50%40.50%57.70%42.30%54.10%45.90%81.10%18.90%74.20%25.80%69.95%30.05%48.13%51.87%50.40%49.60%29.70%70.30%34.00%66.00%35.50%64.50%32.40%67.60%46.20%53.80%58.00%42.00%50.36%49.64%41.08%58.92%41.16%58.84%60.33%39.67%59.51%40.49%59.28%40.72%59.50%40.50%52.92%47.08%56.05%43.95%iFinD 0.00%5.00%10.00%15.00%20.00%25.00%合约规模 增速 合约规模 平均增 速0.00%5.00%10.00%15.00%20.00%25.00%30.00%35.00%在管规模 增速 在管规模 平均增 速 Table_Pagehead|6 19 2022 62%3pct 5%iFinD 2 2.1 2021 2022 2022 18 10 13 100.20 72.33%2022 34%35%6 2022%2022 1 1.65 50%2022 1 0.34 51%2022 1 6.00 60%2022 12 0.76 100%2022 7 1.89 83%2022 3 10.58 100%2022 4 24.85 100%2022 6 2.91 44.44%0.010.020.030.040.050.060.070.080.090.02021 年第三方占 比（%）2022 年第三方占 比（%）2021 年第三方占 比均值 2022 年第三方占 比均值 Table_Pagehead|7 19 2022 2 31.29 94%2022 11 2.33 21.43%2023 4 7.88 80%2023 3 4.36 65%2022 6 5.36 67%iFinD 2.2 3 2022 2022 18 6 2022 2022 7 2020/12/31 2021/12/31 2022/12/31 43.62 192.89 179.01 0.00 0.00 18.05 0.65 0.65 0.65 2.84 4.51 6.58 0.00 4.10 3.57 21.82 31.23 33.15 7.69 7.69 9.82 2.60 7.00 16.00 2.72 0.41 2.25 0.55 0.00 1.15 2.84 5.63 4.85 25.70 25.70 31.90 0.40 0.40 0.70 iFinD wind 8 2022 17.70 2.88 1.43 0.28 0.22 0.81 Table_Pagehead|8 19 2.3 2022 17 100 2 125.9 112.2 50 1 89.6 17 13 9 2019 2020 2021 2022 69.1 152.2 116.2 112.2 6.1 103.1 137.0 125.9 14.5 24.7 27.0 41.9 65.1 74.5 76.9 89.6 26.4 44.4 43.1 41.8 3.3 68.4 49.2 30.7 42.1 50.6 43.9 38.0 10.9 93.7 53.0 38.8 11.4 24.0 21.4 19.3 8.5 58.3 98.4 23.1 13.4 18.8 25.0 19.7 4.2 29.6 12.3 18.5 4.5 33.1 30.1 25.6 5.8 22.2 22.6 20.5 9.7 10.5 8.1 8.1 24.1 23.0 20.6 31.7 6.2 6.8 6.7 6.0 wind 10 2019/12/31 2020/12/31 2021/12/31 2022/12/31 2022 20.04 52.44 155.78 194.52 25%31.88 16.08 19.65 29.68 51%9.51 11.99 20.56 34.53 68%7.48 14.00 22.49 31.36 39%18.41 19.90 30.55 48.40 58%24.88 15.75 42.10 18.35-56%21.89 34.06 51.05 103.53 103%9.46 13.88 44.05 43.51-1%9.63 5.91 9.89 11.22 13%20.04 23.18 43.89 43.25 13%3.63 5.93 12.17 23.02 89%12.72 8.08 14.59 25.17 73%Table_Pagehead|9 19 9.32 5.62 11.36 13.19 16%7.67 13.29 22.22 26.33 19%2.62 6.47 14.03 11.04-21%16.96 17.50 16.52 34.32 108%2.08 2.95 4.56 6.28 38%wind 11 2019/12/31 2020/12/31 2021/12/31 2022/12/31 21%34%54%46%54%24%22%25%19%22%27%30%13%17%21%23%21%20%24%33%107%47%71%37%43%34%36%67%33%30%56%60%48%33%44%42%80%46%46%49%18%21%28%44%113%53%45%62%51%22%33%37%44%50%62%82%24%37%52%42%28%20%16%26%20%22%22%24%35%29%39%42%wind 3 3.1 2022 17 20.82%2021 49.04%28.22pct 43.4%35.4%45.9%26.9%23.7 23.0%24.4%12 17%Table_Pagehead|10 19 iFinD 13 17%iFinD 17 54.74%-272.20%-135.5%-169.4%-99.5%-182.0%14 17%35.66%43.55%42.12%49.04%20.82%20%25%30%35%40%45%50%55%2018 2019 2020 2021 2022-20.0%-10.0%0.0%10.0%20.0%30.0%40.0%50.0%Table_Pagehead|11 19 iFinD 15 17%iFinD 3.2 14 8 38%28%14%6 25/64.81/40.20/33.3/16/85.12%36.92%60.79%51.37%-54.74%-60%-40%-20%0%20%40%60%80%100%2018 2019 2020 2021 2022物业管理 行业净 利润同 比增速-300.0%-250.0%-200.0%-150.0%-100.0%-50.0%0.0%50.0%100.0%Table_Pagehead|12 19 2019 2020 2021 2022 24.2 27.40 22.36 30.92 27.62 27.29 23.47 26.9 24.78 25.12 28.59 17.4 17.62 19.28 19.95 34.7 34.35 34.88 33.30 14.2 20.10 21.53 22.63 23.7 21.83 23.47 24.29 27.1 29.50 27.86 25.73 23.03 23.50 36.9 26.04 12.66 16.15 75.7 77.18 82.80 64.81 15.4 14.84 16.12 15.12 14.6 12.11 20.13 18.86 30.1 33.86 35.26 40.20 3.3 15 2022 2021 2.28pct 14.07%6.63pct 63.06%17 2022%iFinD 2020 13 2022 8.38%5 20%-77.7%-30.7%-45.3%-31.0%-24.5%33.2%0.0010.0020.0030.0040.0050.0060.0070.0080.0090.00基础物管（%）社区增值（%）基础物管 业务占 比均值 社区增值 服务业 务收入 占比均 值 Table_Pagehead|13 19 18%2020 2021 2022 83.6%241.1%-77.7%135.2%193.9%-30.7%65.2%187.7%10.7%76.0%117.7%-14.3%86.6%108.6%-45.3%100.1%92.2%20.7%30.5%86.9%16.0%116.9%77.4%24.3%68.1%61.9%14.0%146.8%52.9%-31.0%118.9%38.5%-24.5%51.5%31.6%33.2%iFinD 3.4 17 22.03%2022 14-12.09pct-9.00pct 13 12 10 17 4.92%7.9pct 28.03%18.36%2.83%14 54.05pct 24.04pct 19%20%iFinD iFinD 23.55%24.64%25.35%26.40%26.31%22.03%21%22%23%24%25%26%27%2017 2018 2019 2020 2021 2022毛利率8.25%11.77%11.37%12.73%12.82%4.92%4%6%8%10%12%14%2017 2018 2019 2020 2021 2022净利率 Table_Pagehead|14 19 21%22%2021 2022 30.3 25.5 15 14 14.9 13.4 14.31 14.17 12.5 12.1 24.3 17.7 20.1 19.1 25.7 23 27.5 22.3 30.1 24.5 22.9 21.1 18.5 21.8 26.7 21.9 2021 2022 60.5 53.5 27.5 26.6 33.3 38.4 31.4 31.95 25.7 20.8 30 22.7 42.8 40.9 41.6 27.9 8.1 20.9 44.5 21.1 45.7 34.2 22.1 19.3 39.2 24.4 36.4 31.1 12.7 13 41.5 33.1 35.9 43.9 26.6 21.9 64.5 77.3 33.9 32.9 23%2020 2021 2022 2020 2021 2022 6098.HK 33.97 30.73 24.80 17.22 13.98 4.70 1209.HK 26.95 31.08 30.05 12.06 19.43 18.36 2669.HK 18.27 17.39 15.92 10.7 10.42 10.03 6049.HK 18.65 18.68 18.81 8.38 7.84 8.13 2869.HK 19.03 18.55 16.17 7.03 6.73 3.69 9666.HK 29.69 30.94 18.85 18.39 17.71-36.33 3319.HK 29.65 27.48 22.00 17.50 16.40 11.96 1516.HK 27.59 31.52 22.51 13.00 17.19-6.76 9979.HK 44.95 46.39 52.28 22.93 25.20 28.03 0873.HK 31.39 29.31 22.50 13.79 13.41-10.73 1755.HK 30.73 30.84 25.84 15.78 12.08 8.18 3913.HK 42.06 37.66 30.82 21.29 20.73 0.08 6989.HK 26.29 27.68 23.94 12.87 14.71 11.44 Table_Pagehead|15 19 9983.HK 32.42 32.88 33.14 16.07 17.22 17.86 9928.HK 30.20 27.28 21.33 13.23 11.32-8.20 001914.SZ 13.61 13.76 11.84 5.04 4.84 4.56 002968.SZ 21.42 18.67 16.18 9.95 7.95 7.15 iFinD 3.5 2022 420.33%24 2021 2022 1.88 6.79 0.14 0.27 0.24 0.51 0.31 0.46 0.90 1.42 0.69 21.52 1.60 4.66 1.96 15.42 0.11 0.23 2.51 7.44 1.11 1.45 0.18 0.43 0.13 0.84 1.01 0.78 0.10 3.72 0.50 0.28 0.07-0.10 iFinD 3.6 2022 2021 9 8 4.54/4.12/3.55/25/Table_Pagehead|16 19 2019 2020 2021 2022 14.64 13.60 13.58 18.61 6.00 5.26 4.54 17.01 14.96 14.53 17.21 10.36 9.28 9.25 8.12 12.85 13.42 13.72 13.18 9.26 7.01 6.44 8.01 12.23 10.84 10.77 10.84 30.79 16.52 14.99 12.83 15.05 17.41 18.98 14.86 11.39 11.78 16.05 9.76 7.32 8.84 9.78 21.52 13.67 6.12 6.49 4.63 4.30 3.55 9.58 7.38 5.49 4.12 14.48 9.36 8.29 8.68 12.48 17.59 13.48 13.39 10.72 10.66 13.93 13.75 iFinD 3.7 17 2022 10.04%0.44pct 26%27%iFinD iFinD 4 2022 2022 2022 2022 2022 Table_Pagehead|17 19 28 2022%2022()()2022 2022Q3 2022Q2 2022Q1 144,270.26-139.94-575.18 250.50 508.84 200,535.12 729.71 3,229.03 1,927.47 2,750.68 84,270.99 136.34-606.97 45.14 857.16 10,100.74 621.00 1,236.60 27.00-2,586.46 1,673.70-4,857.78-291.40-791.20-2,494.40 469.40 14,646.42-2,460.87 123.22 528.22 659.13 7,208.08-39.50-16.40 31.70 115.20 30,368.64 576.88 30.70-162.26-790.26 15,151.08 61.24 100.14 343.19-321.99 2,560.79 304.65-264.31 67.40-2,321.84 2,359.80 wind 5 2022 2023 29%PE 2023E 2024E 2023E 2024E 2023E 2024E 39.83 46.82 102.45 19.91 10.45 8.72 28.41 36.34 28.79 25.85 29.34 23.31 14.39 18.45 29.03 28.08 17.41 13.59 13.95 17.55 25.07 24.35 16.68 13.41 7.04 8.45 30.42 21.00 19.82 16.38 8.93 11.80 19.40 32.21 5.24 3.96 5.08 6.09 132.87 27.77 11.63 9.11 21.00 23.77 13.34 12.10 4.00 3.56 6.66 7.64 248.68 18.18 11.92 10.09 9.47 11.84 27.83 25.10 14.04 11.22 6.18 7.40 166.60 19.84 7.07 5.90 5.55 6.49 32.90 15.66 7.66 6.62 5.37 6.24 33.09 16.11 5.55 4.78 6.78 8.37 20.53 20.56 4.48 3.71 Table_Pagehead|18 19 7.77 9.54 31.00 22.71 20.65 16.83 2.77 3.70 49.35 33.50 16.38 12.27 14.0 11.5 wind 2023 4 19 wind Table_Pagehead|19 19$end$Table_InudstryRankInfo 6 10 6 10-10 6 10 Table_StockRankInfo 6 15 6 5 15 6-5 5 6 5 300 Table_RiskInfo Table_PromiseInfo Tale_ReliefInfo,Table_AdressInfo 1528 28 2007 11 前沿报告库是中国新经济产业咨询报告共享平台。行业范围涵盖新一代信息技术、5G、物联网、新能源、新材料、新消费、大健康、大数据、智能制造等新兴领域。为企事业单位、科研院所、投融资机构等提供研究和决策参考。扫一扫免费获取海量报告
展开阅读全文