SWSResearchCo.LtdisasubsidiaryofShenwanHongyuanSecurities.99EastNanjingRoad,Shanghai|+862123297818www.swsresearch.comIndustryResearchBringingChinatotheWorld6June2016OverweightInitiationofcoverage传统物业新蓝海打造智慧社区物业管理行业AnalystKrisLiA0230511040076ARG379lihong@swsresearch.com(+86)2123297223Researchassistan