Service Expansion and Community Focus - The company reported a significant increase in service consumption, which has become a core driver of growth in the property management sector[8]. - In 2021, the company focused on enhancing services for the elderly and children, aiming to improve community well-being and satisfaction[8]. - The company is committed to deepening its service offerings in education, health, and elderly care, aligning with urban quality of life improvements[9]. - The company plans to leverage IoT technology to enhance service delivery and meet consumer demands in residential areas[9]. - The company aims to increase the proportion of third-party projects and expand into sectors such as schools and hospitals to improve service quality and pricing[60]. - The company has established internal policies to effectively manage customer feedback and complaints, enhancing service delivery and communication[118]. Financial Performance - The group achieved total revenue of approximately RMB 820.5 million in 2021, representing a year-on-year growth of about 33.4%[16]. - Gross profit for the year was approximately RMB 258.1 million, with a year-on-year increase of about 37.9%[16]. - Net profit reached approximately RMB 104.2 million, reflecting a year-on-year growth of about 48.9%, with attributable net profit to owners of the company at approximately RMB 100.5 million, up 53.6%[16]. - Property management service revenue amounted to approximately RMB 649.0 million, a year-on-year increase of about 27.9%, accounting for 79.1% of total revenue[19][27]. - The area under management increased to approximately 41.9 million square meters, representing a year-on-year growth of about 33.0%[19]. - Value-added services for property developers generated revenue of approximately RMB 110.5 million, up 51.8% year-on-year, contributing 13.5% to total revenue[20][27]. - Community value-added services revenue reached approximately RMB 61.0 million, a significant year-on-year increase of about 75.8%, accounting for 7.4% of total revenue[20][27]. - The overall gross margin improved to approximately 31.5%, an increase of about 1.1 percentage points compared to 2020[16]. Cost Management and Expenses - The group’s service and sales costs rose to approximately RMB 562.4 million, a year-on-year increase of about 31.4%, primarily due to business expansion[31]. - Selling and marketing expenses rose by approximately 24.8%, from about RMB 10.0 million in 2020 to about RMB 12.5 million in 2021, in line with business expansion[42]. - Administrative expenses increased by approximately 22.2%, from about RMB 71.0 million in 2020 to about RMB 86.8 million in 2021, primarily due to increased personnel costs and depreciation[43]. Strategic Growth and Market Position - The company aims to expand its market share in key cities in East China and develop new business models to meet evolving customer needs[12]. - The management team has outlined future growth prospects, emphasizing the importance of strategic acquisitions and partnerships to drive revenue growth[85]. - The company is focusing on market expansion and new strategies to enhance its competitive position in the real estate sector, leveraging the expertise of its management team[84]. - The group plans to enhance its project layout in key regions such as the Yangtze River Delta and the Greater Bay Area, focusing on achieving scale and synergy[60]. Employee Development and Satisfaction - The company launched the "Happiness Work" program to enhance employee satisfaction, which is seen as crucial for delivering quality service to clients[9]. - The group has developed over 300 training courses for employees, emphasizing professional skills and service quality[74]. - The group organized 23,302 training sessions for regular employees, totaling 419,436 hours in the year ended December 31, 2021[75]. - The total employee cost was approximately RMB 424.5 million, compared to RMB 332.9 million in 2020[73]. - The group had 6,767 full-time employees as of December 31, 2021, an increase from 5,993 employees as of December 31, 2020[73]. Governance and Compliance - The company is committed to compliance with relevant laws and regulations, ensuring operations are conducted within the applicable legal framework[106]. - The board of directors is actively involved in overseeing the company's strategic direction and ensuring alignment with market trends and consumer demands[82]. - The company has established a robust governance framework to support its operational and strategic objectives, ensuring accountability and transparency[86]. - The board consists of a total of 8 directors, including 3 independent non-executive directors, ensuring compliance with listing rules[189]. - The company has confirmed that all independent non-executive directors meet the independence criteria as per listing rules[194]. Dividend Policy and Shareholder Returns - The board proposed a final dividend of HKD 0.79 per share for the year ended December 31, 2021, subject to shareholder approval at the annual general meeting on June 9, 2022[101]. - The board is committed to maintaining a stable dividend policy to ensure sustainable and stable returns for shareholders[101]. - The company has adopted a dividend policy outlining principles and guidelines for declaring, paying, or distributing net profits to shareholders[101]. Related Party Transactions - The annual cap for related party transactions for the year ended December 31, 2021, was approximately RMB 7.2 million, with future caps set at RMB 8.5 million, RMB 10.2 million, and RMB 12.3 million for the years ending December 31, 2022, 2023, and 2024 respectively[152]. - The total transaction amount for related party transactions for the year ended December 31, 2021, included RMB 5,894,000 for property management services and RMB 41,647,000 for sales management services[148]. - The company entered into a property management service framework agreement with Jia Yuan Chuang Sheng Group on November 21, 2020, which is effective until December 31, 2022[150]. Future Outlook and Strategic Initiatives - The company reported that 2021 was its first year post-IPO, marking a period of transformation and innovation[12]. - The company is committed to maintaining a strong financial position while exploring new market opportunities and enhancing its service offerings[81]. - The board will continue to evaluate the use of unutilized net proceeds and may modify plans as necessary due to changing market conditions[174].

Financial Performance - For the first half of 2021, Jiayuan Services achieved total revenue of approximately RMB 386.8 million, representing a year-on-year increase of about 38.0%[9] - Gross profit was approximately RMB 121.7 million, up about 41.7% year-on-year, with a gross margin of approximately 31.5%, compared to 30.6% in the same period last year[9] - Net profit for the first half of 2021 was approximately RMB 60.9 million, reflecting a year-on-year growth of about 68.0%[9] - For the six months ended June 30, 2021, the group's revenue was approximately RMB 386.8 million, an increase of about 38.0% from RMB 280.3 million in the same period of 2020[16] - The net profit for the six months ended June 30, 2021, was approximately RMB 60.9 million, an increase of about 68.0% from RMB 36.3 million in the same period of 2020[16] - Profit before tax increased to RMB 81,607 thousand, a 56.5% rise compared to RMB 52,128 thousand in the prior year[102] - The company reported a basic and diluted earnings per share of RMB 0.10, up from RMB 0.08 in the previous year[102] Revenue Breakdown - Property management service revenue was approximately RMB 310.0 million, accounting for about 80.2% of total revenue, with a year-on-year increase of approximately 31.0%[19] - Revenue from value-added services to property developers was approximately RMB 49.6 million, representing a year-on-year increase of about 63.0% and accounting for about 12.8% of total revenue[19] - Community value-added services revenue reached approximately RMB 27.2 million, a significant increase of about 106.5%, contributing about 7.0% to total revenue[20] - The company’s revenue from property developer value-added services was RMB 49,619,000, a significant increase of 62.9% from RMB 30,450,000 in the previous year[138] Operational Growth - The total contracted construction area reached approximately 58.0 million square meters, an increase of about 16.7% compared to the same period last year[9] - As of June 30, 2021, the group managed 303 properties with a contracted area of approximately 58.0 million square meters, representing increases of about 44.3% and 43.9% compared to 210 properties and 40.3 million square meters in the same period of 2020[16] - The group plans to focus on regional development and strategic acquisitions to enhance operational capabilities and improve service quality in the second half of 2021[23] - The company emphasizes a systematic approach to growth, focusing on key regions and strategic partnerships to ensure high-speed and efficient growth[9] Acquisitions and Investments - The company acquired 100% equity of Shanghai Baoji Property Management Co., Ltd. during the first half of 2021, enhancing its market position[10] - The group acquired 100% equity of Shanghai Baoshu Property Management Co., Ltd. for RMB 139,238,000 in April 2021, expanding its service offerings[118] - The company raised approximately HKD 561.0 million from its global offering, with net proceeds of HKD 517.5 million after underwriting fees and commissions[90] - 70% of the net proceeds, approximately HKD 392.7 million, is allocated for seeking strategic investments and acquisitions to further develop strategic partnerships[90] Cost and Expenses - Service and sales costs increased by approximately 36.4% to about RMB 265.1 million, primarily due to business expansion through organic growth and strategic acquisitions[31] - Selling and marketing expenses increased by approximately 45.9% to about RMB 5.1 million, driven by higher advertising and employee welfare costs[41] - Total operating expenses amounted to RMB 299,241,000, an increase of 30.9% from RMB 228,305,000 in the prior year[143] - Employee benefits expenses increased to RMB 211,290,000, a rise of 36.8% compared to RMB 154,426,000 in the previous year[143] Assets and Liabilities - Total assets as of June 30, 2021, reached RMB 1,185,117 thousand, an increase from RMB 940,983 thousand at the end of 2020[104] - Current assets increased to RMB 987,842 thousand from RMB 865,974 thousand, driven by a rise in trade and other receivables[104] - Total liabilities rose to RMB 603,108 thousand, compared to RMB 422,744 thousand at the end of 2020, primarily due to increased contract liabilities[107] - Trade receivables rose by approximately 50.4% to about RMB 320.7 million, attributed to an increase in managed property projects and average management fees[49] Cash Flow and Financial Management - Operating cash flow for the six months ended June 30, 2021, was RMB 50,719,000, a significant increase from RMB 13,387,000 in the same period of 2020, representing a growth of 277%[113] - The company reported a net cash outflow from investing activities of RMB 178,026,000, compared to a net inflow of RMB 2,909,000 in the previous year, indicating a shift in investment strategy[113] - The financing activities generated a net cash inflow of RMB 73,844,000, a turnaround from a net outflow of RMB 6,432,000 in the same period last year[113] - The company maintained a cash and cash equivalents level sufficient to support operations and mitigate cash flow volatility, as part of its liquidity risk management strategy[127] Shareholder Information - As of June 30, 2021, the total number of issued shares of the company was 611,709,000[99] - Major shareholder Chuangyuan Holdings Limited holds 450,000,000 shares, representing 73.6% of the company's equity[96] - The company did not declare any interim dividends for the six months ended June 30, 2021, consistent with the previous year[153]

佳源服務控股有限公司 JIAYUA 餐RVCES HOLOWES LIMIT (於開曼群島註冊成立的有限公司) 股份代號：1153 2020 年度報告 目 錄 公司資料2 主席報告3 管理層討論及分析5 董事及高級管理層 16 董事會報告 21 企業管治報告 34 獨立核數師報告 46 合併全面收益表 51 合併財務狀況表 52 合併權益變動表 54 合併現金流量表 55 合併財務報表附註 56 財務摘要 128 開曼群島法律： Conyers Dill & Pearman | --- | --- | |-------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------| | 董事會 | 合規顧問 | | 執行董事 | 浤博資本有限公司 | | 朱宏戈先生 （主席兼集團總裁） 牟立園女士 | 註冊辦事處 | | 非執行董事 | Cricket ...