[True Insight HK Stock Trends] Hong Ying Company (02529.HK) Expands Government Affairs and Rail Transit Urban Service Footprint, Continuously Strengthens Regional Leading Position

$HOLLWIN URBAN(02529.HK) recently secured property service projects for the leased archives building of the Changsha Municipal Government Offices Administration and successfully obtained the service contract for the Phase II extension of Line 2 West Extension of Changsha Rail Transit. This further expands its urban service footprint in two core sectors: government buildings and rail transit, providing new momentum for the company's medium-to-long-term stable development and service portfolio optimization.​

Changsha Municipal Government Offices Administration Archives Building Project

Hongying recently undertook the property service for the leased archives building of the Changsha Municipal Government Offices Administration. The company entered the project by successfully winning the bid through Changsha Railway Construction Investment Development Co., Ltd. The total contract value for the three-year service period is approximately RMB 111.67 million, of which Hongying's property service portion amounts to about RMB 27.22 million. The project covers the Dianzhu Building and Dingxin Building located near the Changsha Municipal Government and the Changsha Real Estate Registration Center. These two properties integrate functions such as office halls, archives inquiry and utilization halls, multi-functional lecture halls, meeting rooms, archive-supporting office areas, and archive storage rooms. The overall construction follows the standards of a "National-level Digital Demonstration Archives," demanding high operational management capabilities and compliance requirements.​

Leveraging its extensive experience in urban services, the company will provide customized integrated service solutions for the two archive buildings, focusing on archive safety and standardized management. Services include precise temperature and humidity control, professional protection against dust, pests, and damage, 24-hour intelligent security monitoring, and full-process escort for archive transfers, comprehensively ensuring the safety and integrity of archive materials. Simultaneously, the company will provide operation and maintenance services for key facilities covering archive-specific equipment, conference systems, security monitoring, ventilation, and fire protection. Through regular inspections, refined maintenance, and comprehensive emergency response mechanisms, it aims to enhance asset operation efficiency and the overall operational quality of the buildings, further solidifying its professional brand image in the niche segment of government property services.​

Phase II Extension of Line 2 West Extension of Changsha Rail Transit Project

In the rail transit service sector, Hongying successfully secured the service contract for the Phase II extension of Line 2 West Extension of Changsha Rail Transit. The total contract value is approximately RMB 37.8056 million, covering services such as station security and safety checks, station cleaning, and property services for the Qingshan Road parking lot. The line is approximately 13.82 kilometers long, with 11 stations and 1 parking lot, all underground. It connects key transportation hubs and urban areas such as Changsha West Station, the second phase of the High-tech Zone's Lugu area, and the Meixi Lake sub-center. Together with the existing Line 2, it forms the backbone rail transit corridor along Changsha's east-west development axis, which is significant for enhancing the city's comprehensive transportation capacity. It is expected to gradually integrate the city's above-ground and underground service networks, enabling coordinated operations among government buildings, rail transit, and areas along the line, thereby increasing the company's coverage depth and service stickiness in the comprehensive urban service sector. Furthermore, this project will help the company deepen its collaboration with municipal state-owned enterprises based on existing partnerships, expand broader cooperation opportunities in areas like rail transit and government services, and foster closer long-term cooperative relationships with local state-owned capital platforms.

Centering on the operational characteristics of rail transit—"high frequency, high requirements, high adaptability"—Hongying will focus on strengthening two core service areas: station security/safety checks and cleaning. It will establish a three-dimensional security system of "fixed-point duty + dynamic patrol + emergency response" and develop standardized emergency plans for scenarios like holiday passenger surges and equipment failures, ensuring operational safety while balancing traffic efficiency and passenger travel experience. In environmental management, adhering to the refined management concept of "City Butler," the company will implement a service model of "human-machine collaboration, off-peak operations, and zonal responsibility." By combining the ventilation characteristics of underground stations and passenger flow distribution patterns, it will implement differentiated cleaning strategies, continuously creating clean, tidy, and comfortable station environments to help improve the overall operational quality of the line.​

The combined contract value of the aforementioned government archive building property service project and the Phase II extension of Line 2 West Extension rail transit project is approximately RMB 65 million. This further validates Hongying's professional capabilities and brand influence in the comprehensive urban service sector, helping to optimize its business structure in high-quality, long-cycle projects like government services and rail transit, solidify its regional market share, and provide crucial support for the company's overall development strategy of "technology empowerment, professional focus, and diversified expansion." In the future, Hongying will continue upholding its corporate mission of "Making Urban Life Better." Centering on the core goals of "consolidating market position, improving service quality, promoting intelligent transformation, and achieving sustainable growth," it will deeply integrate into Changsha's urban development landscape, continuously increase investment and innovation in key areas like government property and rail transit, fully leverage the comprehensive advantages of a listed company in brand, governance, and resource integration, contribute greater value to the preservation and appreciation of state-owned assets and the modernization of urban governance, and steadily advance towards its development vision of becoming a "regionally leading, nationally first-class comprehensive urban service operator."