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].