Shimao Services Holdings Limited
Shimao Services Holdings Limited is a Hong Kong-listed investment holding company (HKEX stock code: 873, ISIN KYG8104A1085) incorporated in the Cayman Islands. It provides property management and value-added services across the People’s Republic of China, operating through a Property Management segment (property management services, community value-added services, and value-added services to non-property owners) and a City Services segment covering sanitation, cleaning, sewage and waste treatment. The company listed on the Main Board of the Hong Kong Stock Exchange in October 2020, at an IPO price of HK$16.60 per share, following a spin-off of the property services business of Shimao Group.
Shimao Services is headquartered in Shanghai. As at the end of 2024 it reported a gross floor area (GFA) under management of approximately 218.4 million square metres, with contracted GFA reported above 300 million square metres.
For the financial year ended 31 December 2025, Shimao Services Holdings Limited reported group revenue of approximately RMB7.88 billion (RMB7,895.5 million), broadly stable year on year. The company returned to profitability at the net level, reporting a net profit of RMB134.6 million and an operating profit of RMB161.5 million, compared with a net loss the prior year. Core net profit attributable to shareholders rose 6.5% to RMB524.3 million, while gross profit declined 10.5%. Growth in property management, community value-added and non-owner value-added services was partly offset by a 42.8% decline in city services revenue, and cash reserves fell 20.5% to RMB2.99 billion. These figures were reported in the company’s annual results announcement filed with the Hong Kong Stock Exchange on 27 March 2026.
Shimao Services Holdings Limited operates independently of its former parent, Shimao Group Holdings Limited (HKEX: 813), for day-to-day management, though corporate-linkage details are addressed separately below. An active listing on the Hong Kong Stock Exchange does not by itself indicate the current financial condition of any related group entity, and the well-publicised debt restructuring affecting Shimao Group Holdings Limited concerns that separate, distinctly listed entity rather than Shimao Services Holdings Limited’s own reported results.
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Shareholders
5
Shimao Services Holdings Limited is a Hong Kong-listed company (HKEX: 873), so its shareholder base includes both a controlling shareholder group and free-float holders whose individual identities are not all publicly disclosed. Disclosure of interests under Hong Kong’s Securities and Futures Ordinance requires only shareholders crossing a 5% threshold to be individually named, so the information below covers major/reportable shareholders rather than the complete shareholder register.
Per the company’s listing documents and subsequent HKEX disclosures, the company’s controlling shareholder is Best Cosmos Limited, a wholly-owned subsidiary of Shimao Group Holdings Limited (HKEX: 813). Best Cosmos, together with Shimao Group Holdings Limited and other associated holding vehicles disclosed in the company’s “Relationship with Controlling Shareholders” filings, forms a concert-party group of controlling shareholders. Mr Hui Wing Mau is identified in these filings as the ultimate controlling shareholder of Shimao Services Holdings Limited, holding his interest indirectly through this chain of corporate vehicles rather than as a direct individual shareholder of record. The precise current percentage held by this controlling group was not independently confirmed for this profile and is not stated here to avoid citing a possibly outdated figure; it is disclosed in the company’s periodic substantial-shareholder filings with the Hong Kong Stock Exchange.
Beyond the controlling shareholder group, the remaining shares are held by public and institutional investors following the company’s October 2020 listing; individual holdings below the statutory disclosure threshold are not publicly itemised.
Ultimate beneficial ownership
Mr Hui Wing Mau is disclosed as the ultimate controlling shareholder of Shimao Services Holdings Limited, exercising control indirectly through Best Cosmos Limited and Shimao Group Holdings Limited. This is reported as a controlling relationship in HKEX filings rather than a calculated effective percentage, since the exact current chain-of-ownership percentages were not independently confirmed for this profile.
Data availability
Availability is major shareholders only: Hong Kong disclosure rules require public naming of interests at or above 5%, so the controlling shareholder group is identified but the full shareholder register, including sub-5% institutional and retail holders, is not publicly itemised.
Sources
- HKEX company announcements and listing documents, Shimao Services Holdings Limited (stock code 873) — hkexnews.hk
- Hong Kong Stock Exchange — Equities Quote, SHIMAO SERVICES HOLDINGS LTD. (873) — hkex.com.hk
Registry feed — rows exactly as filed with SAMR — public search via GSXT (National Enterprise Credit Information Publicity System), including entries the profile above does not cover.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| American Century ETF Trust-Avantis Emerging Markets Equity ETF | 92.8% | SAMR — public search via GSXT (National Enterprise Credit Information Publicity System) | |
| American Century ETF Trust-Avantis Emerging Markets Equity Fund | 4.1% | SAMR — public search via GSXT (National Enterprise Credit Information Publicity System) | |
| American Century ETF TRT-Avantis Responsible Emerging Markets Eqy. ETF | 2.3% | SAMR — public search via GSXT (National Enterprise Credit Information Publicity System) | |
| American Century ETF TRT-Avantis Emerging Markets Small Cap Eqy. ETF | 0.6% | SAMR — public search via GSXT (National Enterprise Credit Information Publicity System) | |
| American Century ETF Trust-Avantis Emerging Markets Value ETF | 0.2% | SAMR — public search via GSXT (National Enterprise Credit Information Publicity System) |
Officers
5
Shimao Services Holdings Limited has seen several changes to its executive leadership over the past year. Cao Shiyang resigned as an Executive Director effective 31 August 2025. Shao Liang, who had served as Chairman and Executive Director (and President and authorised representative), resigned from his executive director, president and authorised-representative roles effective 14 July 2026. Jiang Lifeng was appointed as the company’s new executive director, president and authorised representative, joining with more than 20 years of real estate management and project development experience from the wider Shimao Group.
Other officers identified in company filings include Sai Tan Hui (Chairman), Xinyi Zhou (Director), Wai Man Hui (Director), Dongliang Pan (Chief Financial Officer) and Ka Yan Chan (Company Secretary). Nationality is not stated here for any individual, as it is not disclosed in the sources reviewed; a Hong Kong or PRC correspondence address associated with an officer should not be read as indicating nationality or residence.
Recent officer changes
- Resignation: Cao Shiyang resigned as Executive Director, effective 31 August 2025.
- Resignation: Shao Liang resigned as Executive Director, President and authorised representative, effective 14 July 2026.
- New appointment: Jiang Lifeng was appointed Executive Director, President and authorised representative, effective 14 July 2026.
Data availability
Availability is partial: recent director appointments and resignations are confirmed through company announcements, but full appointment/resignation dates, nationality and residence are not confirmed for every officer named above.
Sources
- Shimao Services Holdings Limited company announcements filed with the Hong Kong Stock Exchange (hkexnews.hk), including notices of director resignation and appointment
Registry feed — rows exactly as filed with SAMR — public search via GSXT (National Enterprise Credit Information Publicity System), including entries the profile above does not cover.
Group Structure
Shimao Services Holdings Limited is not an independent company: it is controlled by Best Cosmos Limited, a wholly-owned subsidiary of Shimao Group Holdings Limited (HKEX: 813), which is disclosed in HKEX filings as the ultimate holding company of Shimao Services Holdings Limited. Mr Hui Wing Mau is identified as the ultimate controlling individual behind this chain. Shimao Services Holdings Limited was listed separately on the Hong Kong Stock Exchange in October 2020 following a spin-off of the property management and city-services business from Shimao Group, and it reports its own consolidated results independently of Shimao Group Holdings Limited.
No verified direct or indirect subsidiaries of Shimao Services Holdings Limited are confirmed for this profile beyond its own operating structure; the company’s own registry-level group-linkage record found no additional parent, subsidiary or ownership data. The group primarily operates within the People’s Republic of China.
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Best Cosmos Limited | Not disclosed | Not disclosed | Immediate parent (per HKEX controlling-shareholder disclosure) | Ownership percentage not disclosed | Active | Not independently dated |
| Shimao Group Holdings Limited (HKEX: 813) | Cayman Islands / Hong Kong-listed | Not disclosed | Ultimate parent (per HKEX controlling-shareholder disclosure) | Ownership percentage not disclosed | Active | Not independently dated |
Recent structural changes
Shimao Services Holdings Limited was spun off from Shimao Group and separately listed on the Hong Kong Stock Exchange in October 2020. No further verified acquisitions, disposals or reorganisations affecting Shimao Services Holdings Limited itself are confirmed for this profile.
Data availability
Availability is parent only: the controlling relationship to Best Cosmos Limited and Shimao Group Holdings Limited is disclosed in HKEX filings, but current ownership percentages and any subsidiaries of Shimao Services Holdings Limited are not independently confirmed for this profile. Shimao Group Holdings Limited’s own separately reported debt-restructuring matters concern that distinctly listed parent entity and are not attributed here to Shimao Services Holdings Limited.
Sources
- HKEX company announcements and listing/controlling-shareholder disclosures for Shimao Services Holdings Limited (stock code 873) — hkexnews.hk
Get complete shareholder and officer records, ultimate beneficial owner resolution, and ongoing ownership monitoring.
Frequently Asked Questions
What does Shimao Services Holdings Limited do?
Shimao Services Holdings Limited (HKEX: 873) is a Hong Kong-listed, Cayman Islands-incorporated investment holding company providing property management, community value-added, non-property-owner value-added, and city services (sanitation, cleaning, sewage and waste treatment) across the People's Republic of China.
Who owns Shimao Services Holdings Limited?
Shimao Services Holdings Limited is controlled by Best Cosmos Limited, a wholly-owned subsidiary of Shimao Group Holdings Limited (HKEX: 813), as disclosed in the company's HKEX filings. The remaining shares are held by public and institutional investors following the October 2020 listing; holdings below the statutory 5% disclosure threshold are not individually itemised.
Who is Shimao Services Holdings Limited's UBO (Ultimate Beneficial Owner)?
Mr Hui Wing Mau is disclosed in HKEX filings as the ultimate controlling shareholder of Shimao Services Holdings Limited, exercising control indirectly through Best Cosmos Limited and Shimao Group Holdings Limited rather than as a direct shareholder of record.
Is Shimao Services Holdings Limited still an active company?
Shimao Services Holdings Limited's status on SAMR — public search via GSXT (National Enterprise Credit Information Publicity System) is listed as active.
What is Shimao Services Holdings Limited's registered address?
The registered address on file for Shimao Services Holdings Limited is Shanghai, China.
What is Shimao Services Holdings Limited's revenue?
For the financial year ended 31 December 2025, Shimao Services Holdings Limited reported group revenue of approximately RMB7.88 billion (RMB7,895.5 million), a net profit of RMB134.6 million, and core net profit attributable to shareholders of RMB524.3 million, per its annual results announcement filed on 27 March 2026.
Is Shimao Services Holdings Limited listed on a stock exchange?
Shimao Services Holdings Limited is listed on the Main Board of the Hong Kong Stock Exchange under stock code 873 (ISIN KYG8104A1085). It listed in October 2020 at an IPO price of HK$16.60 per share and remains an actively traded listed security.
Who are the officers/directors of Shimao Services Holdings Limited?
Recent leadership changes at Shimao Services Holdings Limited include the resignation of Executive Director Cao Shiyang (effective 31 August 2025) and the resignation of Chairman/Executive Director Shao Liang as executive director, president and authorised representative (effective 14 July 2026), with Jiang Lifeng appointed as the new executive director, president and authorised representative.
Does Shimao Services Holdings Limited have a parent company or subsidiaries?
Shimao Services Holdings Limited is controlled by Best Cosmos Limited, a wholly-owned subsidiary of Shimao Group Holdings Limited (HKEX: 813), which HKEX filings disclose as its ultimate holding company. It was separately listed on the Hong Kong Stock Exchange in October 2020 following a spin-off from Shimao Group and reports its own consolidated results independently.
Can Zavia monitor changes to Shimao Services Holdings Limited's ownership over time?
This profile reflects a point-in-time snapshot from SAMR — public search via GSXT (National Enterprise Credit Information Publicity System). Zavia's monitoring API can track changes to Shimao Services Holdings Limited's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access Shimao Services Holdings Limited's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including China, so records like Shimao Services Holdings Limited's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from SAMR — public search via GSXT (National Enterprise Credit Information Publicity System) and was last synced on 11 August 2026.