Company Overview - As of June 30, 2023, the Group had a total contracted gross floor area (GFA) of approximately 48.0 million square meters and a total GFA under management of approximately 27.7 million square meters[10]. - The Group operates in 62 cities across 19 provinces, municipalities, and autonomous regions in China, showcasing a significant geographical footprint[8]. - The Group's headquarters is located in Shanghai, with services covering key economic zones including the Guangdong-Hong Kong-Macao Greater Bay Area[6]. - The Group has 261 contracted projects and 177 projects under management, indicating a robust project pipeline[10]. - The Group's principal activities include commercial property management and operational services, as well as residential property management services[6]. - The Company is a subsidiary of China SCE Group Holdings Limited, which further strengthens its market position[6]. Financial Performance - Total revenue for the Group in the first half of 2023 was approximately RMB 620.3 million, a slight increase from RMB 604.6 million in the same period of 2022[29]. - Revenue from independent third parties increased by approximately 15.8% from approximately RMB 453.3 million in the first half of 2022 to approximately RMB 524.7 million in the Period, accounting for approximately 84.6% of total revenue[29]. - The Group's revenue from community value-added services increased by approximately 69.8% from approximately RMB 32.0 million in the first half of 2022 to approximately RMB 54.3 million in the Period, accounting for approximately 8.8% of total revenue[26]. - Gross profit decreased to RMB 211,835, down 15.7% from RMB 251,756 in the previous year[158]. - Profit before tax rose to RMB 196,804, reflecting an increase of 5.6% from RMB 186,238 in 2022[158]. - Profit for the period was RMB 141,287, slightly up from RMB 137,145 in the previous year[158]. - Total comprehensive income for the period was RMB 155,638, compared to RMB 149,234 in the same period of 2022[158]. Cost Management - Administrative expenses decreased by approximately 20.9% from approximately RMB 77.7 million in the first half of 2022 to approximately RMB 61.4 million in the Period due to cost control measures[38]. - The overall gross profit margin decreased from approximately 41.6% in the first half of 2022 to approximately 34.2% in the Period, mainly due to a decrease in revenue from higher-margin value-added services[34]. - The gross profit margin for the residential property management services segment decreased from approximately 39.8% in the first half of 2022 to approximately 31.5% in the Period[33]. Assets and Liabilities - The Group had no loans as of June 30, 2023, and no assets were restricted or pledged as collateral for loans[49]. - Trade receivables increased by approximately 30.7% from RMB181.8 million as of December 31, 2022, to RMB237.6 million as of June 30, 2023, primarily due to business expansion and a decrease in collection rate[60]. - Trade payables increased by approximately 12.0% from approximately RMB 75.1 million as of December 31, 2022, to approximately RMB 84.0 million as of June 30, 2023, due to business expansion in the residential segment and new shopping malls opening[39]. - Contract liabilities increased by approximately 25.0% from approximately RMB 197.8 million as of December 31, 2022, to approximately RMB 247.2 million as of June 30, 2023, primarily due to promotional activities encouraging residents to prepay property management fees[47]. Employee and Workforce - As of June 30, 2023, the Group employed 5,035 employees, a decrease from 5,178 employees as of December 31, 2022, with total employee costs approximately RMB258.9 million, down from RMB272.6 million in the same period last year[70]. - The male-to-female ratio in the workforce was approximately 1:0.59 as of June 30, 2023, compared to 1:0.62 as of December 31, 2022, indicating a focus on gender diversity[70]. - The company employs a mandatory provident fund plan for its employees in Hong Kong and a central pension plan implemented by local governments in China[85]. - The company’s employee contributions to pension plans are immediately vested and not forfeited upon employee departure[85]. Shareholder Information - The Company was listed on the Main Board of The Stock Exchange of Hong Kong Limited in July 2021, with stock code 606[6]. - The company raised approximately HKD 2.0375 billion from the issuance of 575,000,000 shares at a price of HKD 3.7 per share[88]. - The company has a significant shareholder, Happy Scene Global Limited, holding 1,248,490,946 shares, representing approximately 61.96% of the total shareholding[103]. - The directors and chief executives of the company hold a total of 76,000,000 shares, which accounts for approximately 1.09% of the total shareholding[101]. - The company has a total of 50,301,811 shares held by Golden Skill Investments Limited, with Ms. Ku Weihong deemed to be interested in these shares[97]. Corporate Governance - The Audit Committee comprises two independent non-executive Directors and one non-executive Director, ensuring compliance with corporate governance standards[122]. - The Company has maintained compliance with all applicable code provisions under the Corporate Governance Code during the reporting period[136]. Strategic Initiatives - The Company aims to enhance its brand effect and chain strength to become a leading property management services provider in China[10]. - The Group continues to focus on expanding its service offerings and market presence in the property management sector[10]. - The Group's strategic acquisitions and investments in other property management companies and service providers amounted to HK$1,018.8 million, with an expected timeline for completion on or before December 31, 2025[75]. - Investment in technology totaled HK$509.4 million, with HK$31.1 million already utilized, leaving HK$478.3 million for future use by December 31, 2025[75].

Financial Performance - The company reported a basic earnings per share of RMB 53,340, an increase from RMB 49,124 for the same period last year[13]. - Total revenue for the first half of 2023 was approximately RMB 620.3 million, a 2.7% increase from RMB 604.6 million in the same period of 2022[48]. - Revenue increased by approximately 2.6% to about RMB 620.3 million[76]. - Net profit attributable to the parent company increased by approximately 2.7% to about RMB 137.8 million[76]. - The group reported a pre-tax profit of RMB 408,430,000 for the six months ended June 30, 2023, compared to RMB 352,867,000 for the same period in 2022, reflecting an increase of approximately 15.7%[112]. - The group incurred total tax expenses of RMB 55,517,000 for the period, compared to RMB 49,093,000 in the previous year, representing a 13.5% increase[145]. - Overall gross profit margin decreased from approximately 41.6% in the first half of 2022 to about 34.2% in the current period[51]. - Gross profit decreased by approximately 15.9% from about RMB 251.8 million in the first half of 2022 to about RMB 211.8 million[67]. Assets and Liabilities - As of June 30, 2023, total non-current assets amounted to RMB 823,907,000, an increase of 14.7% from RMB 718,370,000 as of December 31, 2022[1]. - Current liabilities totaled RMB 645,120,000 as of June 30, 2023, which is an increase of 8.2% from RMB 596,156,000 as of December 31, 2022[1]. - The company’s total current assets were RMB 2,460,571,000, slightly down from RMB 2,466,574,000 as of December 31, 2022[1]. - The company had cash and bank deposits with no loans outstanding, maintaining a strong liquidity position[57]. - The debt ratio as of June 30, 2023, was zero, indicating no interest-bearing loans[39]. Revenue Breakdown - Revenue from basic residential property management services increased by approximately 17.7% to RMB 299.2 million, accounting for 48.2% of total revenue[50]. - Revenue from residential property management services increased to RMB 420,317,000 from RMB 401,472,000, marking a growth of 4.7%[152]. - Revenue from other value-added services increased from approximately RMB 52.6 million in the first half of 2022 to approximately RMB 62.2 million, an increase of about 18.3%, accounting for about 10.0% of total revenue[30]. - Revenue from non-owner value-added services decreased significantly from approximately RMB 115.2 million in the first half of 2022 to approximately RMB 66.8 million, a decrease of about 42.0%, accounting for about 10.8% of total revenue[31]. - The total revenue from property management services for the six months ended June 30, 2023, was RMB 430,550,000, up from RMB 379,779,000 in the same period of 2022, indicating a growth of about 13.4%[110]. Operational Highlights - The managed construction area was approximately 1.9 million square meters, an increase of about 20.1% year-on-year, with 18 projects under management, an increase of 2 projects year-on-year[20]. - The signed construction area was approximately 5 million square meters, a decrease of about 18.1% year-on-year[20]. - The number of managed projects increased by 19 to a total of 159 projects[71]. - The group managed a total of 222 residential projects with a total signed building area of approximately 43.1 million square meters as of June 30, 2023[119]. - The total contracted building area and managed building area were approximately 48 million square meters and 27.7 million square meters, respectively[76]. Strategic Initiatives - The company aims to maintain strict control over its receivables, with a focus on minimizing credit risk from diverse customers[15]. - The company aims to actively seek more external project management rights in the second half of the year to reduce reliance on the Zhongjun Group[27]. - The company has introduced a brand renewal strategy with over 30% of shopping mall brands being updated, enhancing competitive differentiation[24]. - The group plans to continue enhancing operational efficiency and competitiveness in the industry[66]. - The group aims to create business value for merchants and service value for consumers in the second half of 2023[66]. Market Conditions - The Chinese government has implemented measures to stimulate the real estate market, which is expected to create favorable conditions for the group's business development in the second half of the year[128]. - The group operates in various economic zones, including the Yangtze River Delta and the Greater Bay Area, indicating a broad market expansion strategy[150]. Customer Engagement and Digital Strategy - The group has upgraded its online shopping platform and enhanced loyalty programs, resulting in increased customer traffic and engagement[126]. - The group is actively expanding its commercial property management services, with several new shopping mall projects scheduled to open by December 2026, totaling a construction area of 1,000,000 square meters across various regions[124]. - As of June 30, 2023, the group's digital membership rapidly grew to over 3 million members, enhancing customer engagement and sales conversion[126]. - The company is focusing on smart community and digital empowerment to enhance service efficiency and customer satisfaction[26]. Foreign Exchange and Governance - The company has committed to monitoring foreign exchange rate fluctuations closely, with no foreign currency hedging arrangements in place[40]. - The group has no significant foreign currency exposure that would adversely affect its financial performance[58]. - The company remains committed to high standards of corporate governance to enhance operational efficiency and protect shareholder interests[59].

Financial Performance - For the year ended December 31, 2022, the revenue decreased by 3.9% to RMB 1,182,371,000 compared to RMB 1,230,050,000 in 2021[17]. - The gross profit for the year was RMB 429,958,000, reflecting a significant decrease of 26.0% from RMB 580,869,000 in the previous year[17]. - The gross profit margin dropped to 36.4%, down from 47.2%, representing a decline of 10.8 percentage points[17]. - Profit for the year decreased by 25.7% to RMB 212,612,000, compared to RMB 286,129,000 in 2021[17]. - Profit attributable to owners of the parent was RMB 208,069,000, a decrease of 25.9% from RMB 280,609,000 in the prior year[17]. - Basic and diluted earnings per share fell by 36.3% to RMB 10.0 cents, down from RMB 15.7 cents[17]. - Revenue decreased by 3.9% from approximately RMB 1,230.1 million in 2021 to approximately RMB 1,182.4 million in 2022[104]. - Revenue from the commercial property management and operational services segment was approximately RMB 395.8 million, representing a year-on-year decrease of approximately 29.7%[67]. - Revenue from pre-opening management services decreased significantly by approximately 84.3% from approximately RMB 286.5 million in 2021 to approximately RMB 45.0 million in 2022, accounting for approximately 3.8% of total revenue[109]. - Revenue from basic residential property management services increased by approximately 27.7% from approximately RMB 414.3 million in 2021 to approximately RMB 529.1 million in 2022, accounting for approximately 44.8% of total revenue[115]. Property Management and Operations - As of December 31, 2022, the Group managed a total gross floor area of approximately 25.7 million sq.m. across 166 projects[4]. - The Group's contracted property management portfolio included 263 projects with a total contracted gross floor area of approximately 48.1 million sq.m.[4]. - The Group's GFA under management increased by 15.2% to 24.0 million sq.m., and the number of residential property projects under management rose by 16.4% to 149 projects[33]. - The Group managed a total GFA of approximately 1.7 million sq.m., which is a year-on-year increase of approximately 9.2%[67]. - The number of projects under management increased to 149, representing an increase of 21 projects[91]. - The Group's contracted GFA increased to approximately 43.2 million sq.m., representing a year-on-year increase of approximately 6.7%[91]. - The Group's commercial and residential property management services were recognized among the "2022 China Top 100 Commercial Real Estate Developers" and "2022 Top 100 Property Management Companies in China" respectively[3]. Strategic Initiatives and Future Outlook - The Group aims to expand nationwide and enhance its brand effect to become a leading property management services provider in China[4]. - The Group expects a steady rebound in performance in 2023 due to the relaxation of pandemic control policies and improved property services[45]. - The Chinese government's shift from a "restrictive" to a "supportive" attitude towards the real estate market is expected to catalyze development and benefit property management companies[58]. - The Group plans to focus on expanding its market presence and enhancing operational efficiency in the coming year[76]. - The Group intends to expand its property management portfolio and enhance the brand effect of "SCE CM" through strategic acquisitions[100]. - The Group plans to reduce reliance on a single real estate developer and actively seek to provide high-quality pre-opening management services for other developers[101]. Financial Position and Assets - As of December 31, 2022, total assets increased by 4.1% to RMB 3,184.9 million, while total equity rose by 6.0% to RMB 2,588.0 million[19]. - The Group's cash and bank balances decreased by 23.2% to RMB 2,227.3 million[19]. - Trade receivables increased significantly by approximately 153.3% from RMB 71.8 million as of December 31, 2021, to RMB 181.8 million as of December 31, 2022, mainly due to business expansion and decreased collection rates due to the COVID-19 pandemic[146]. - Prepayments, deposits, and other receivables rose by approximately 125.4% from RMB 29.2 million as of December 31, 2021, to RMB 65.9 million as of December 31, 2022, attributed to business expansion and accrued bank interest[148]. - The Group had no borrowings as of December 31, 2022, maintaining a nil gearing ratio[163]. Employee and Operational Efficiency - As of December 31, 2022, the Group had 40 contracted commercial properties with a total contracted GFA of approximately 5.0 million sq.m. and 17 commercial properties under management with a total GFA of approximately 1.7 million sq.m.[52]. - The Group had a total of 5,178 employees, an increase from 4,986 employees as of December 31, 2021[176]. - The total employee cost for the year was approximately RMB 573.8 million, compared to approximately RMB 529.4 million for the year ended December 31, 2021, reflecting an increase of about 8.5%[176]. - The Group's employee remuneration plan is reviewed at least annually to ensure market competitiveness and fairness[176]. - The Group aims to optimize its human resources structure and deepen the application of digitalization to save on unnecessary labor costs[100]. Environmental and Social Responsibility - The Group actively engages in environmental protection initiatives, including energy conservation and proper waste management[184]. - The Group emphasizes gender diversity in its workforce, with 3,200 male employees and 1,978 female employees as of December 31, 2022[176]. - The Group has developed a CRM Membership and Sales System to enhance customer satisfaction and loyalty, which is crucial for increasing visitor numbers to its shopping malls[192].

Financial Performance - For the year ended December 31, 2022, the gross profit was RMB 429,958,000, a decrease from RMB 580,869,000 in the previous year, representing a decline of approximately 26%[2] - The net profit for the same period was RMB 212,612,000, down from RMB 286,129,000, indicating a decrease of about 26%[2] - The total comprehensive income for the year was $232.396 million, compared to $248.923 million in the previous year, reflecting a decrease of approximately 6.5%[21] - Revenue decreased by 3.9% from approximately RMB 1.230 billion in 2021 to approximately RMB 1.182 billion in 2022[108] - The net profit attributable to the parent company decreased by approximately 25.9% from RMB 280.6 million in 2021 to RMB 208.1 million in 2022, with basic earnings per share of approximately RMB 0.10[94] Assets and Liabilities - Non-current assets totaled RMB 718,370,000, significantly increasing from RMB 60,306,000 in the previous year[6] - Current assets amounted to RMB 2,466,574,000, a decrease from RMB 2,998,428,000, reflecting a decline of approximately 18%[6] - The total current liabilities were RMB 596,156,000, slightly down from RMB 607,794,000, showing a decrease of around 2%[6] - The total equity attributable to the parent company was $2.588 billion, up from $2.443 billion, representing an increase of about 5.9%[23] - The company reported a debt-to-equity ratio of zero as of December 31, 2022, unchanged from December 31, 2021[142] Revenue Breakdown - Revenue from property management services for 2022 was RMB 771,836,000, an increase of 28.4% from RMB 601,087,000 in 2021[37] - Total revenue from residential property management services reached RMB 786.56 million, accounting for 66.5% of total revenue in 2022[109] - Revenue from basic residential property management services increased by approximately 27.7% from RMB 414.3 million in 2021 to RMB 529.1 million in 2022, constituting about 44.8% of total revenue[87] - Revenue from business operation services for 2022 was RMB 45,044,000, a significant decrease from RMB 286,499,000 in 2021[37] - The revenue from pre-opening management services significantly decreased by approximately 84.3% from RMB 286.5 million in 2021 to RMB 45.0 million in 2022, representing about 3.8% of total revenue[85] Expenses and Costs - The cost of services provided increased to RMB 752.413 million in 2022 from RMB 649.181 million in 2021, reflecting a growth of approximately 15.9%[38] - The company reported a tax expense of $67.825 million, down from $97.507 million, indicating a reduction of approximately 30.5%[20] - Administrative expenses decreased by approximately 10.9% from RMB 218.5 million in 2021 to RMB 194.7 million in 2022, primarily due to the absence of one-time share issuance costs[120] - Tax expenses decreased by approximately 30.4% from RMB 97.5 million in 2021 to RMB 67.8 million in 2022, with the tax expense as a percentage of profit before tax decreasing from 25.4% to 24.2%[125] Shareholder Returns - The company did not recommend the payment of a final dividend for the year ending December 31, 2022, and there was no interim dividend declared[41] - The company will not recommend any final dividend for the year ended December 31, 2022, compared to a dividend of HKD 0.05 per share for the previous year[157] Strategic Initiatives - The company plans to open new shopping centers in Tangshan and Beijing in March 2023, with areas of 78,048 sqm and 103,453 sqm respectively[56] - The company aims to expand its value-added services, including parking sales and residential services, to differentiate itself from competitors in a highly competitive market[84] - The company is focusing on enhancing consumer experience and operational capabilities in the market[107] - The company plans to optimize its human resource structure and deepen digital applications to save on high and unnecessary labor costs, enhancing market competitiveness[84] Market Position and Growth - The company is focusing on expanding its presence in the Yangtze River Delta and Greater Bay Area regions, which are key economic zones[75] - The company reported a significant increase in the number of signed contracts, indicating strong demand for its services and potential for future revenue growth[78] - The company aims to expand its property management portfolio by identifying potential targets in the industry[106] Compliance and Governance - The financial statements were prepared in accordance with the revised Hong Kong Financial Reporting Standards, which did not affect the financial position or performance of the company[15] - The company has maintained strict compliance with the corporate governance code throughout the year[150] - The audit committee has reviewed the accounting policies and the consolidated financial statements for the year ended December 31, 2022[159]

Company Overview - As of June 30, 2022, the Group had a total contracted gross floor area (GFA) of approximately 48.6 million square meters and a total GFA under management of approximately 24.0 million square meters[11]. - The Group operates in 61 cities across 18 provinces, municipalities, and autonomous regions in China, including major areas such as Guangdong and Beijing[11]. - The Group had 264 contracted projects and 156 projects under management as of June 30, 2022[11]. - The Company aims to expand nationwide and strive to become the leading property management services provider in the PRC[11]. Awards and Recognition - The Group's commercial property management services segment was awarded the "2022 China Top 100 Commercial Real Estate Developers" and the residential property management services segment was awarded the "2022 Top 100 Property Management Companies in China"[11]. Financial Performance - The Group's total revenue for the first half of 2022 was approximately RMB604.6 million, compared to RMB578.9 million in the same period of 2021, reflecting a year-on-year increase of approximately 4.4%[33]. - Revenue from commercial property management and operational services for the first half of 2022 was approximately RMB203.2 million, a year-on-year decrease of approximately 27.6%[35]. - The total revenue for residential property management services was approximately RMB401.5 million, a year-on-year increase of approximately 34.6%[33]. - Revenue from basic commercial property management services rose by approximately 36.0% from approximately RMB92.3 million in the first half of 2021 to approximately RMB125.5 million in the first half of 2022, accounting for approximately 20.8% of total revenue[101]. - Revenue from pre-opening management services decreased significantly by approximately 82.6% from approximately RMB144.1 million in the first half of 2021 to approximately RMB25.0 million in the first half of 2022, representing approximately 4.1% of total revenue[102]. - Revenue from other value-added services increased by approximately 18.8% from approximately RMB44.3 million in the first half of 2021 to approximately RMB52.6 million in the first half of 2022, accounting for approximately 8.7% of total revenue[105]. - Revenue from basic residential property management services increased by approximately 33.1% from approximately RMB191.1 million in the first half of 2021 to approximately RMB254.3 million in the first half of 2022, making up approximately 42.0% of total revenue[110]. - Revenue from value-added services to non-property owners rose by approximately 33.5% from approximately RMB86.3 million in the first half of 2021 to approximately RMB115.2 million in the first half of 2022, accounting for approximately 19.1% of total revenue[111]. - Revenue from community value-added services increased by approximately 52.9% from approximately RMB20.9 million in the first half of 2021 to approximately RMB32.0 million in the first half of 2022, representing approximately 5.3% of total revenue[112]. - Revenue from independent third parties increased by approximately 29.8% from RMB 349.1 million in the first half of 2021 to RMB 453.3 million in the first half of 2022, accounting for approximately 75.0% of total revenue[122]. - Gross profit decreased by approximately 11.9% from RMB 285.7 million in the first half of 2021 to RMB 251.8 million in the first half of 2022, with a gross profit margin decline from 49.3% to 41.6%[126][127]. - The gross profit margin for commercial property management and operational services decreased from approximately 63.8% in the first half of 2021 to approximately 45.2% in the first half of 2022[130][131]. - The gross profit margin for residential property management services increased from approximately 35.7% in the first half of 2021 to approximately 39.8% in the first half of 2022[132]. Project Management - As of June 30, 2022, the Group had 43 contracted commercial properties with a total contracted GFA of approximately 6.0 million sq.m., and 16 commercial properties under management with a total GFA of approximately 1.6 million sq.m.[21]. - The GFA under management for commercial properties increased by approximately 50.5% year-on-year, totaling approximately 1.6 million sq.m.[35]. - The number of projects under management increased by 4 projects year-on-year, totaling 16 projects[35]. - The Group had 221 contracted residential projects with a total contracted GFA of approximately 42.5 million sq.m. as of June 30, 2022[24]. - The GFA under management for residential properties was approximately 22.4 million sq.m., with 140 residential projects under management[24]. - The contracted GFA for commercial properties increased by approximately 23.7% year-on-year, totaling approximately 6.0 million sq.m.[35]. Occupancy Rates - As of June 30, 2022, the occupancy rate for Xiamen SCE Building was 91.6%, down from 94.8% in 2021[43]. - The occupancy rate for Beijing CBD SCE Funworld was 89.8%, compared to 71.2% in the previous year[43]. - The occupancy rate for Shuitou SCE Funworld was 93.3% in 2022, down from 94.9% in 2021[47]. - The occupancy rate for Taizhou SCE Funworld is projected at 92.4%[52]. - The company reported a significant increase in the occupancy rate for Shishi Fortune Center, rising to 68.3% from 43.8%[43]. - The occupancy rate for Nan'an SCE Funworld was 98.5%, slightly up from 98.3% in 2021[43]. Strategic Initiatives - The Group's strategy focuses on enhancing experience-based commercial space and operational innovation amid the ongoing impacts of the COVID-19 pandemic[23]. - The Group is expanding its presence in the Yangtze River Delta Economic Zone with new projects planned in Yangzhou and Nanjing[52]. - The Group's total contracted GFA for upcoming projects is 4,486,555 sq.m., with multiple shopping malls planned across various regions[55]. - The Group is actively developing diversified innovative sales strategies, focusing on joint sales and online planning[65]. - The Group has optimized and expanded its online sales functions to mitigate the impact of the COVID-19 pandemic on tenants' sales[62]. - The Group plans to reduce reliance on a single real estate developer and expand pre-opening management services to other developers[89]. - The Group aims to enhance competitiveness by optimizing human resources and deepening digital application to improve cost efficiency[85]. - The Group will focus on developing high-profit value-added services to improve profitability in residential property management[91]. - The Group will adopt a more prudent approach regarding mergers and acquisitions due to the current market volatility[84]. Employee and Gender Diversity - As of June 30, 2022, the Group employed a total of 4,947 employees, with a total employee cost of approximately RMB 272.6 million, an increase from RMB 233.3 million for the same period in 2021[175][176]. - The male-to-female ratio in the workforce, including senior management, was approximately 1:0.66, which the Board considers satisfactory and in line with industry standards[175][176]. - The Group aims to further strengthen gender diversity in its workforce in the future[175][176]. - The Group's employee remuneration plan is reviewed at least annually to ensure market competitiveness and fair rewards[175][176]. Compliance and Governance - The Company maintains a register of interests as required by section 352 of the Securities and Futures Ordinance[200]. - The interests are also notified to the Company and the Stock Exchange under the Model Code for Securities Transactions by Directors of Listed Issuers[200]. - The Company adheres to the Listing Rules set out in Appendix 10 regarding the disclosure of interests[200]. - Compliance with the Securities and Futures Ordinance is a priority for the Company[200]. - The Company is committed to upholding the standards of the Stock Exchange in its disclosures[200].

Property Management Overview - As of December 31, 2021, the Group had a total contracted gross floor area (GFA) of approximately 46.1 million square meters and a total GFA under management of approximately 22.4 million square meters[9]. - The Group operates in 60 cities across 18 provinces, municipalities, and autonomous regions in China, highlighting its extensive property management portfolio[7]. - The Group has 255 contracted projects and 144 projects under management, indicating a strong operational capacity[9]. - As of December 31, 2021, the total contracted residential projects amounted to 213, with a total contracted gross floor area (GFA) of approximately 40.5 million sq.m.[86]. - The Group also managed 213 contracted residential projects with a total contracted GFA of approximately 40.5 million sq.m. and 128 residential projects under management with a total GFA of approximately 20.8 million sq.m.[85]. - As of December 31, 2021, the Group had 42 contracted commercial properties with a total contracted GFA of approximately 5.6 million sq.m. and 16 commercial properties under management with a total GFA of approximately 1.6 million sq.m.[76]. Financial Performance - The Group achieved revenue of approximately RMB1,230.1 million for the year ended December 31, 2021, representing a year-on-year increase of approximately 52.7%[34]. - Profit attributable to owners of the parent amounted to approximately RMB280.6 million, representing a year-on-year increase of approximately 80.2%[34]. - Basic earnings per share amounted to approximately RMB15.7 cents, representing a year-on-year increase of approximately 36.5%[34]. - Total assets increased to RMB3,058.7 million, a 173.7% increase from RMB1,117.7 million in 2020[26]. - Cash and bank balances rose significantly to RMB2,899.6 million, reflecting a 475.4% increase from RMB503.9 million in 2020[26]. - The total revenue for the Group across all segments was approximately RMB1.23 billion, with an overall gross profit margin of 47.2%[97]. Revenue Breakdown - The total revenue for residential property management services was approximately RMB666.9 million, with a gross profit margin of 38.5%[97]. - The commercial property management and operational services segment recorded total revenue of approximately RMB563.1 million, representing a year-on-year increase of approximately 50.9%[103]. - Revenue from basic commercial property management services rose approximately 51.1% from RMB123.7 million in 2020 to RMB186.8 million in 2021, accounting for 15.2% of total revenue[175]. - Revenue from pre-opening management services increased by approximately 47.8% from RMB193.9 million in 2020 to RMB286.5 million in 2021, representing 23.3% of total revenue[176]. - Revenue from other value-added services surged approximately 61.8% from RMB55.5 million in 2020 to RMB89.8 million in 2021, making up 7.3% of total revenue[177]. - Revenue from independent third parties rose significantly by approximately 76.0% from approximately RMB429.3 million in 2020 to approximately RMB755.6 million in 2021, accounting for approximately 61.4% of total revenue[198]. Strategic Initiatives - SCE CM aims to expand nationwide and enhance its brand effect to become a leading property management services provider in China[9]. - The Group plans to mobilize existing resources and use proceeds from the listing to identify suitable acquisition targets, focusing on first-tier and second-tier cities for quality expansion[65]. - The Group's digital empowerment strategy focuses on business digitalization and marketing digitalization, enhancing management accuracy and staff execution efficiency through the ERP digital business management platform[60]. - The Group plans to build an industry-leading digital membership lifecycle operation system to capitalize on membership assets[158]. - The Group aims to enhance intelligent decision-making capabilities through a digital business asset operation platform[157]. Market Expansion and Development - The Group anticipates significant growth opportunities in the property management industry due to increased mergers and acquisitions driven by tightening capital chains among small and medium-sized developers[88]. - The Group's expansion strategy is focused on key economic regions, including the Yangtze River Delta and Bohai Rim Economic Zone[125]. - The Group plans to open additional shopping malls, including Yushan SCE Funworld (60,000 sq.m.) in December 2023 and Nanchang SCE Funworld (112,232 sq.m.) in May 2024[125]. - Future openings include Hefei SCE Funworld (222,100 sq.m.) in September 2024 and Nantong Haimen SCE (228,837 sq.m.) in December 2025[125]. Customer Engagement and Satisfaction - The Group focuses on enhancing service standards and customer satisfaction through operational refinement and effective communication with tenants[132]. - The Group aims to maintain and optimize the tenant mix to enhance future development prospects[133]. - The opening results of the new SCE Funworlds exceeded those of the previous year, indicating strong brand performance and market confidence[133]. - The Group's strategy includes matching product lines to local demographics to optimize the positioning of SCE Funworlds[132]. Occupancy Rates - The occupancy rate for the Xiamen SCE Building was 95.2% as of December 31, 2021, compared to 90.4% in 2020[116]. - The occupancy rate for the Beijing CBD SCE Funworld was 78.5% in 2021, down from 81.6% in 2020[116]. - The Quanzhou SCE Funworld achieved an occupancy rate of 92.8% in 2021, up from 90.5% in 2020[116]. - The Shanghai SCE Plaza Phase One maintained a 100% occupancy rate in both 2021 and 2020[116]. - The total leased area across all properties was 1,557,560 square meters, with an overall occupancy rate of 85.4% in 2021[120]. - The Pingdingshan SCE Funworld reached a 100% occupancy rate in December 2021[120]. - The Zhangjiagang SCE Funworld, opened in December 2021, also achieved a 100% occupancy rate[120]. - The Taizhou SCE Funworld, which opened in December 2021, achieved an occupancy rate of 98.0%[120]. - The Heyuan SCE Funworld also opened in December 2021, with an occupancy rate of 90.0%[120]. - The Shuitou SCE Funworld opened in December 2020 and had an occupancy rate of 94.9% in 2021[120].

Company Overview - As of June 30, 2021, the Group had a total contracted gross floor area (GFA) of approximately 41.9 million square meters across 234 contracted projects[11]. - The total GFA under management was approximately 18.6 million square meters, covering 125 projects[11]. - The Group operates in 58 cities across 18 provinces, municipalities, and autonomous regions in China[10]. - The company was listed on the Main Board of The Stock Exchange of Hong Kong Limited in July 2021[7]. - The Group has contracted to manage new shopping malls, including the Yangzhou Mingfa with a contracted GFA of 300,000 sq.m. and Nanjing Mingfa with a contracted GFA of 422,000 sq.m.[60]. Property Management Services - The Group's residential property management services were recognized as one of the "2021 Top 100 Property Management Companies in China" by China Index Academy[9]. - The commercial property management services ranked 6th among the "2020 TOP 10 Brand of China Commercial Real Estate Companies"[9]. - The Group's commercial property management services were awarded the title of "2020–2021 Outstanding Commercial Property Operator of the Year"[9]. - The Group's revenue from residential property management services was approximately RMB298.3 million, with a gross profit margin of 35.7%[34]. - The residential property management services segment recorded total revenue of approximately RMB 298.3 million, representing a year-on-year increase of approximately 53.5%[74]. Financial Performance - The total revenue for the Group during the period was approximately RMB578.9 million, representing a significant increase from RMB354.9 million in the previous year[34]. - Revenue increased by 63.1% from approximately RMB354.9 million in the first half of 2020 to approximately RMB579.0 million in the first half of 2021[101]. - The Group's total revenue for the first half of 2021 was approximately RMB578.96 million, compared to RMB354.92 million in the first half of 2020[126]. - Gross profit increased by approximately 80.5% from approximately RMB158.3 million in the first half of 2020 to approximately RMB285.7 million in the first half of 2021[131]. - The overall gross profit margin increased from approximately 44.6% in the first half of 2020 to approximately 49.3% in the first half of 2021[132]. Occupancy Rates - As of June 30, 2021, the total occupancy rate of the Group's commercial properties was 85.2%, an increase from 82.1% in 2020[57]. - The occupancy rate for the Xiamen SCE Building was 94.8% as of June 30, 2021, with a GFA of 50,309 sq.m.[52]. - The Beijing CBD SCE Funworld had an occupancy rate of 71.2% as of June 30, 2021, with a GFA of 54,484 sq.m.[52]. - The Shanghai SCE Plaza achieved a full occupancy rate of 100.0% with a GFA of 218,471 sq.m.[52]. - The Quanzhou SCE Plaza Office Building had an occupancy rate of 82.7% as of June 30, 2021, with a GFA of 45,972 sq.m.[52]. Strategic Focus and Expansion - SCE CM aims to expand nationwide and enhance its brand effect to become a leading property management services provider in China[11]. - The Group's strategic focus includes expanding its commercial property management services in the Yangtze River Delta region[59]. - The company plans to open several new shopping malls, including Shantou SCE Funworld and Tangshan SCE Funworld, both expected to open in December 2022[65]. - The company is expanding its presence in the Greater Bay Area and Yangtze River Delta Economic Zone with multiple new shopping mall developments[65]. - The Group plans to manage four additional SCE Funworlds in Jiangsu, Guangdong, and Henan provinces by Q4 2021, with over ten more expected in 2022[85]. Employee and Financial Position - The Group had a total of 4,242 employees as of June 30, 2021, an increase from 3,258 employees as of June 30, 2020[178]. - There were no borrowings as of June 30, 2021, and the gearing ratio was nil, indicating a solid financial position[161]. - The Group raised total net proceeds of approximately HK$2,037.5 million from its listing on the Main Board of the Stock Exchange on July 2, 2021[187]. - Approximately 50% (or approximately HK$1,018.8 million) of the net proceeds will be used for strategic acquisitions and investments in other property management companies[189]. - The total cost of employees during the period was approximately RMB 233.3 million, compared to approximately RMB 161.2 million for the six months ended June 30, 2020[178].