According to the research report published by Goldman Sachs, Baolong business has a full range of retail property management service modes, and believes that the company can benefit from the integration of shopping malls. Whether it focuses on asset light investment integration or the implementation of potential mergers and acquisitions to establish regional influence, Baolong property’s parent company is accelerating the scale expansion, actively paving the way for the capital reserve after listing. < p > < p > Goldman Sachs pointed out that although the company faces market dispersion and greater business volatility, compared with the same industry of residential property management, Goldman Sachs believes that the company enjoys better project channels, better pricing model and greater value-added service revenue contribution, thus contributing to higher profitability of the company. According to Goldman Sachs, the stock price of Baolong has rebounded since its listing in December last year, and the current price is about 20% discount compared with the same industry. Due to the high volatility of the company’s retail property management business, this risk factor has been fully reflected in the stock price, but the market may ignore the company’s higher growth prospects and excellent profitability.