Financial Performance - The group's revenue for the six months ended June 30, 2024, was approximately RMB 3.48 billion, representing a year-on-year growth of about 3%[2] - The group's gross profit for the same period was approximately RMB 888 million, reflecting a year-on-year increase of about 5%[2] - The loss attributable to the company's owners was approximately RMB 472 million, compared to a profit of RMB 340 million in the same period last year[2] - The core net profit attributable to the company's owners was approximately RMB 455 million, showing a year-on-year growth of about 4%[2] - The company's basic loss per share for the period was RMB 0.15, compared to a profit of RMB 0.11 per share in the same period last year[6] - The total revenue for the six months ended June 30, 2024, was RMB 3,483,728 thousand, compared to RMB 3,396,051 thousand for the same period in 2023, indicating a year-over-year increase of about 2.6%[16] - The company's total revenue for the first half of 2024 is approximately RMB 3,484 million, with a gross profit of approximately RMB 888 million, both showing stable growth year-on-year[53] Assets and Liabilities - The total assets as of June 30, 2024, amounted to approximately RMB 10.26 billion, down from RMB 11.64 billion as of December 31, 2023[7] - The total equity attributable to the company's owners was approximately RMB 5.29 billion, a decrease from RMB 6.24 billion as of December 31, 2023[8] - The company's total liabilities as of June 30, 2024, were RMB 5,238,710 thousand, compared to RMB 4,815,663 thousand as of December 31, 2023, representing an increase of approximately 8.8%[16] - The total equity and liabilities as of June 30, 2024, were RMB 10,263,242 thousand, up from RMB 11,644,829 thousand as of December 31, 2023, indicating a decrease of about 11.9%[16] - As of June 30, 2024, the company's available funds total approximately RMB 3,380.4 million, a decrease of about RMB 1,055.2 million from RMB 4,435.6 million as of December 31, 2023[49] - The company's current assets net value is approximately RMB 2,295.7 million, down from RMB 3,499.4 million as of December 31, 2023[49] - The company has a current ratio of approximately 1.5 times as of June 30, 2024, compared to 1.7 times as of December 31, 2023[49] Revenue Breakdown - For the six months ended June 30, 2024, the company's revenue from property management and operation services was RMB 3,172,442 thousand, an increase from RMB 2,946,418 thousand in the same period of 2023, representing a growth of approximately 7.7%[16] - Revenue from third parties was RMB 3,390.1 million, representing 97.3% of total revenue, with a growth rate of 5.8% compared to the previous year[29] - Community living services revenue decreased to approximately RMB 213.1 million, down about RMB 33.1 million (approximately 13.4%) from RMB 246.2 million for the same period in 2023[34] - Convenience service revenue for the six months ended June 30, 2024, was approximately RMB 103.8 million, a decrease of about RMB 6.8 million compared to the same period in 2023, primarily due to reduced project delivery volume[35] - Space operation service revenue was approximately RMB 58.2 million, a decrease of about RMB 15.8 million compared to the same period in 2023, mainly due to the active adjustment of non-core businesses[36] - Real estate brokerage service revenue was approximately RMB 21.1 million, a decrease of about RMB 10.8 million compared to the same period in 2023, significantly impacted by a decrease in commodity housing transaction volume[36] - Non-owner value-added service revenue was approximately RMB 98.2 million, a decrease of about RMB 105.2 million (approximately 51.7%) compared to the same period in 2023, due to ongoing market-driven adjustments[37] Expenses and Impairments - The group's administrative expenses decreased to approximately RMB 294 million from RMB 315 million in the previous year[5] - Employee benefit expenses for the six months ended June 30, 2024, were RMB 1,347,157 thousand, slightly decreasing from RMB 1,351,563 thousand in the same period of 2023[18] - The net impairment loss on financial assets for the six months ended June 30, 2024, was RMB 1,136,572 thousand, significantly higher than RMB 38,385 thousand in the same period of 2023, indicating a substantial increase in financial asset impairments[18] - Financial asset impairment losses for the six months ended June 30, 2024, were approximately RMB 1,136.6 million, significantly higher than RMB 38.4 million for the same period in 2023, primarily due to market conditions affecting receivables[44] - The company reported a deferred tax expense of RMB (298,654) thousand for the six months ended June 30, 2024, compared to RMB (56,762) thousand for the same period in 2023, reflecting a significant change in tax position[19] Corporate Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and has complied with all applicable provisions for the six months ending June 30, 2024[62] - The audit committee consists of three independent non-executive directors, with Mr. Yao Ning serving as the chairman, who has professional accounting qualifications[63] - The independent auditor has reviewed the company's unaudited interim results for the six months ending June 30, 2024, in accordance with the relevant standards[63] Strategic Focus and Future Plans - The company aims to expand its market share by deepening its focus on core cities and advantageous business segments, while enhancing customer service quality[58] - The company has effectively controlled and reduced the impact of related party transactions, with related party revenue decreasing by approximately 51%, accounting for only about 3% of total revenue[53] - The company plans to maintain a healthy cash flow and focus on managing cash flow from non-related party businesses, addressing issues such as secondary fees and vacant property collections[58] - The company has invested approximately RMB 1.338 billion in financial assets, primarily in equity investments in a non-listed company and several low-risk financial products[60] - The company has established a standardized extraction mechanism for maintenance funds and public area revenues to ensure orderly usage[55] - The company emphasizes the importance of professional and differentiated service labels to break through service homogenization in the next phase[58]

Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 7,009,517, a decrease from RMB 7,126,161 in 2022[9] - Gross profit for the same period was RMB 1,667,860, compared to RMB 1,604,439 in the previous year[9] - The company reported a net loss of RMB 393,183 for the year, an improvement from a loss of RMB 462,396 in 2022[9] - Basic loss per share for the year was RMB (0.14), an improvement from RMB (0.16) in 2022[9] - The company declared a dividend of RMB 0.143 per share, up from RMB 0.137 in the previous year[9] - The net loss attributable to the company was approximately RMB 435 million, but the core net profit, excluding certain impairments, was approximately RMB 793 million, representing a year-on-year increase of about 3%[12] - The gross profit of the rental and sales business increased by 11% year-on-year, with per capita efficiency rising by 47% to RMB 18,000 per person per month[14] - The company reported a revenue of approximately RMB 7,009.5 million for the year ended December 31, 2023, a decrease of about RMB 116.7 million (approximately 1.6%) compared to RMB 7,126.2 million for the year ended December 31, 2022[17] - Revenue from third-party services increased to RMB 6,439.3 million, accounting for 91.9% of total revenue, while revenue from related parties decreased by 55.6% to RMB 570.2 million, representing 8.1% of total revenue[18] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 11,644,829, down from RMB 12,493,457 in 2022[10] - Total equity decreased to RMB 6,237,506 from RMB 7,769,029 in the previous year[10] - Total liabilities increased to RMB 5,407,323, compared to RMB 4,724,428 in 2022[10] - The net carrying amount of trade and other receivables as of December 31, 2023, was approximately RMB 4,317.6 million, a decrease of about RMB 51.0 million from RMB 4,368.6 million as of December 31, 2022[37] - The total available funds as of December 31, 2023, were approximately RMB 4,435.6 million, a decrease of about RMB 275.3 million from RMB 4,710.9 million as of December 31, 2022[39] - The trade and other payables as of December 31, 2023, were approximately RMB 3,036.9 million, an increase of about RMB 296.2 million from RMB 2,740.7 million as of December 31, 2022[38] - The company’s equity attributable to owners decreased from RMB 7,603,703 thousand in 2022 to RMB 6,035,024 thousand in 2023, a decline of about 20.7%[172] Cash Flow - The net cash flow from operating activities was approximately RMB 862 million, covering core net profit by about 1.1 times[12] - For the year ended December 31, 2023, the group reported a net cash inflow from operating activities of approximately RMB 862.2 million, compared to a net outflow of RMB 394.8 million for the previous year[41] - The group experienced a net cash inflow from investing activities of approximately RMB 368.4 million, a significant improvement from a net outflow of RMB 519.3 million in the prior year[41] - The net cash used in financing activities was RMB (1,129,988) thousand, compared to RMB (519,702) thousand in the previous year[179] - The net increase in cash and cash equivalents was RMB 100,606 thousand, a significant recovery from a decrease of RMB (1,433,813) thousand in the prior year[179] Business Strategy and Operations - The company aims to enhance its position in the property management and commercial operational services sectors[4] - The service philosophy of "commitment to excellence and beauty" continues to guide the company's operations and customer service strategies[4] - The company aims to focus on core cities and large clients, enhancing competitive strategies and process management to improve business opportunities and conversion rates[16] - In 2024, the company plans to continue its pragmatic approach to ensure stable returns for shareholders while pursuing sustainable development[16] - The company is committed to improving service quality and focusing on core products and cities, leading to a strategic contraction of non-core business developments[25] Governance and Compliance - The company has established various committees, including ESG and remuneration committees, to ensure effective governance and strategic oversight[47] - The company has adopted a corporate governance code in compliance with the listing rules, ensuring all applicable provisions are followed as of December 31, 2023[54] - The board emphasizes the importance of good corporate governance and has implemented practices to enhance transparency and accountability[54] - The company has established an internal reporting system to monitor operational and business development conditions[54] - The audit committee has been tasked with reviewing and monitoring compliance with legal and regulatory requirements[54] Risk Management - The company has established a clear internal audit and control system to enhance governance and risk management[81] - The risk management framework includes regular audits and assessments to identify and mitigate potential business risks[83] - The board is committed to maintaining and upgrading the risk management and internal control systems to align with the company's strategic goals[80] - The group has implemented measures to monitor overdue debts and ensure adequate provisions for impairment losses on receivables[195] Shareholder Information - The company plans to maintain a cash dividend of 55% of core net profit, with a dividend per share of RMB 0.143, resulting in a dividend yield of approximately 8%[12] - The proposed final dividend for the year ending December 31, 2023, is RMB 0.143 per share, totaling approximately RMB 437 million[96] - The company has established a shareholder communication policy to enhance investor relations and ensure timely and accurate information disclosure[88] - The board confirmed that there were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the fiscal year ending December 31, 2023[91] Employee and Management - The employee cost for the year ended December 31, 2023, was approximately RMB 2.73 billion[146] - The company employed 26,795 employees as of December 31, 2023[146] - The company has adopted a share incentive plan on June 11, 2021, to enhance employee motivation[146] - The board believes that the company has complied with the corporate governance code during the year ended December 31, 2023[141] Environmental and Social Responsibility - The company is committed to long-term sustainability and has implemented relevant environmental protection measures[143] - The group made charitable donations of approximately RMB 649,629 for the year ended December 31, 2023, compared to RMB 1,428,500 in 2022[148]

Investment Rating - The report maintains a "Buy" rating for the company [3]. Core Insights - The company reported a revenue of 7.01 billion RMB in 2023, a decrease of 1.6% year-on-year, while the net profit attributable to shareholders was a loss of 440 million RMB, which represents a reduction in losses compared to the previous year [2][5]. - The core net profit, excluding trade receivables impairment, was 790 million RMB, reflecting a year-on-year growth of 3% [2]. - The company declared a final dividend of 0.143 RMB per share, totaling 440 million RMB, which accounts for 55% of the core net profit [2]. Summary by Sections Revenue and Profitability - The company's revenue from core property management and community services was 61.6 billion RMB, with a year-on-year growth of 11.7%, while non-owner value-added services saw a decline of 15.5% and 64.2% respectively [2]. - The overall gross margin for 2023 was 23.8%, an increase of 1.3 percentage points year-on-year [2]. Cash Flow and Financial Health - Operating cash flow improved significantly, with a net cash flow of 860 million RMB in 2023, compared to a negative 400 million RMB in 2022 [2]. - As of the end of 2023, the company had cash reserves of 4.44 billion RMB, indicating a notable improvement in cash flow status [2]. Future Projections - The report adjusts the net profit forecasts for 2024 and 2025 to 400 million RMB and 530 million RMB respectively, with a new projection for 2026 set at 710 million RMB [2][5]. - The expected earnings per share (EPS) for 2024-2026 are revised to 0.13, 0.17, and 0.23 RMB respectively, with corresponding price-to-earnings (P/E) ratios of 12, 9, and 7 times [2][5].

[Table_MainInfo] 公司研究/房地产/房地产 证券研究报告 融创服务（1516）公司年报点评 2024年03月31日 [Table_InvestInfo] 投资评级 优于大市 维持 现金水平持续改善，业务发展聚焦质量 股票数据 [Table_Summary] 3[T月ab29le日_S收t盘oc价k（In港fo元] ） 1.86 投资要点： 52周股价波动（港元） 1.47-3.28 总股本（亿股） 30.57 总市值（亿港元） 57  核心业务保持规模，派息大幅度让利。融创服务2023年营业收入为70.10 相关研究 亿元，同比下降1.6%；毛利为16.68亿元，同比增长4.0%，若剔除非业主 [《Ta现b金le_流R利e润po回rtI正nf，o]业务逐步重回正轨》 增值服务业务，核心业务的毛利同比增长5.2%；净亏损为3.93亿元，归母 净亏损为4.35亿元，归母核心净利润为7.93亿元，同比增长3.0%。董事会 2023.08.29 《融创服务（1516.HK）年报点评：核心业务 建议就截至2023年12月31日止年度宣派末期股息每股14.3分，合计约4.37 保持规模，重新步入发展轨道 ...

公司研究 | 动态跟踪 融创服务 01516.HK 增持（维持） 核心业务稳健增长，关联方影响持续消化 股价（2024年03月27日） 1.87港元 目标价格 2.12港元 52周最高价/最低价 3.28/1.47港元 总股本/流通H股（万股） 305,684/305,684 H股市值（百万港币） 5,716 核心观点 国家/地区 中国 行业 房地产 公司发布 2023年度业绩公告，营业收入同比下降 1.6%至70.10亿元，毛利润同比增长 报告发布日期 2024年03月28日 4.0%至 16.68亿元，归母净亏损同比降低 9.7%至4.35亿元，归母核心净利润同比增长 3.0%至7.93亿元。 1周 1月 3月 12月 ⚫ 23 年业绩承压，核心业务保持规模，非业主增值业务持续收缩。公司 23 年实现收 绝对表现 -3.61 -9.66 4.47 -28.51 入70.10亿元(-1.6%)；归母净亏损4.35亿元，主要原因为非业主增值业务的收缩以 相对表现 -2.7 -7.29 5.87 -12.29 及应收账款和商誉的减值。分业务看，物管业务/生活服务/非业主增值收入同比增速 恒生指数 -0.91 - ...

Financial Performance - The group's revenue for the year ended December 31, 2023, was approximately RMB 7.01 billion, a year-on-year decrease of about 1.6%; excluding non-owner value-added services, core business revenue grew by approximately 9.2%, accounting for about 94.6% of total revenue[2] - The group's gross profit was approximately RMB 1.67 billion, a year-on-year increase of about 4.0%; excluding non-owner value-added services, core business gross profit increased by approximately 5.2%, accounting for about 97.1% of total gross profit[2] - The loss attributable to the company's owners was approximately RMB 435 million, a year-on-year decrease of about 9.7%; core net profit attributable to the company's owners was approximately RMB 793 million, a year-on-year increase of about 3.0%[2] - The net cash flow generated from operating activities was approximately RMB 862 million, compared to a net cash outflow of approximately RMB 395 million in the same period last year; available funds amounted to approximately RMB 4.44 billion[2] - The total revenue for the year ended December 31, 2023, was RMB 7,009,517,000, slightly down from RMB 7,126,161,000 in 2022, representing a decrease of approximately 1.6%[18] - The company reported a net loss attributable to owners of the company of RMB (435,068,000) for the year ended December 31, 2023, compared to a net loss of RMB (481,902,000) in 2022, indicating an improvement of about 9.7%[23] - The company's total expenses for the year were RMB 6,888,967,000, down from RMB 7,906,953,000 in 2022, reflecting a decrease of about 12.8%[20] - The net loss for the year ended December 31, 2023, was approximately RMB 393.2 million, compared to a net loss of approximately RMB 462.4 million in the previous year[57] Assets and Liabilities - Non-current assets totaled approximately RMB 2.91 billion, a decrease from RMB 3.38 billion in the previous year[8] - Total assets amounted to approximately RMB 11.64 billion, down from RMB 12.49 billion in the previous year[8] - Total liabilities increased to approximately RMB 5.41 billion from RMB 4.72 billion in the previous year[9] - The company's equity attributable to owners decreased to approximately RMB 6.04 billion from RMB 7.60 billion in the previous year[8] - The carrying amount of goodwill as of December 31, 2023, is RMB 1,214.85 million, down from RMB 1,687.54 million at the beginning of the year, reflecting a goodwill impairment of approximately RMB 472.69 million[30] - The company's intangible assets as of December 31, 2023, were approximately RMB 1,601.3 million, a decrease of about RMB 501.1 million from RMB 2,102.4 million in the previous year[58] Revenue Breakdown - Revenue from property management and operation services was approximately RMB 6,158.6 million, an increase of about RMB 645.2 million (approximately 11.7%) compared to RMB 5,513.4 million in 2022[42] - The proportion of revenue from property management and operation services increased by 10.4 percentage points to approximately 87.8% due to an increase in managed building area[41] - Community living services revenue was approximately RMB 473.8 million, a decrease of about RMB 86.9 million (approximately 15.5%) from RMB 560.7 million in 2022[45] - Revenue from non-owner value-added services decreased significantly, contributing to the overall revenue decline[41] - The revenue from third-party sources increased by 10.2% to RMB 6,439.28 million, while revenue from related parties decreased by 55.6% to RMB 570.24 million[39] Dividends - The board proposed a final dividend of RMB 0.143 per share, totaling approximately RMB 437 million, which is about 55% of the core net profit attributable to the company's owners[2] - The proposed final dividend per share for the year ending December 31, 2023, is RMB 0.143, totaling approximately RMB 437.13 million, an increase from RMB 418.79 million in 2022[25] - The total dividend paid in 2023 was approximately RMB 1,098.61 million, with a per share dividend of RMB 0.137 and HKD 0.235, compared to RMB 381.64 million in 2022 with a per share dividend of RMB 0.124[24] Operational Efficiency - The average revenue per employee increased by 47% to RMB 18,000 per person per month, despite a slight decline in overall revenue, while gross profit rose by 11% year-on-year[67] - The active user rate of the company's digital tools increased from 23% in 2022 to 44% in 2023, enhancing customer satisfaction and operational efficiency[66] - The group achieved a reduction in losses exceeding RMB 40 million through various operational initiatives, with an average price increase of over 20% across multiple projects[66] Strategic Focus - The company adjusted its business direction in early 2023, focusing on sustainable development and core cities, resulting in a year-on-year revenue decline[67] - The strategic focus will remain on core cities and large clients, with an emphasis on refining competitive strategies and improving process management[68] - The company anticipates significant growth opportunities in life services, with plans to replicate successful business models in densely populated cities[68] Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and has complied with all applicable provisions for the year ending December 31, 2023[77] - The audit committee consists of three independent non-executive directors, with Mr. Yao Ning serving as the chairman, who has professional accounting qualifications[78] - The audit committee has reviewed the accounting principles and practices adopted by the company and discussed matters related to audit, internal control, and risk management systems for the year ending December 31, 2023[79] - The company's auditor, PwC, has confirmed that the financial statements for the year ending December 31, 2023, are consistent with the audited consolidated financial statements[80]

Financial Performance - For the six months ended June 30, 2023, the Group achieved revenue of approximately RMB 3.396 billion, with a gross profit of approximately RMB 848 million, reflecting a decrease compared to the same period in 2022 due to a significant reduction in related party business[7]. - The Group's net profit attributable to owners was approximately RMB 340 million, with net cash flow from operating activities of approximately RMB 6.61 million, marking a turnaround from losses in the previous year[7]. - The company recorded revenue of approximately RMB 3,396.1 million for the six months ended June 30, 2023, a decrease of about RMB 592.5 million (approximately 14.9%) compared to RMB 3,988.6 million for the same period in 2022[12]. - The gross profit for the six months ended June 30, 2023, was approximately RMB 847.5 million, a decrease of about RMB 279.1 million (approximately 24.8%) compared to the same period in 2022[25]. - The net profit for the first half of 2023 was approximately RMB 364.9 million, a turnaround from a net loss of RMB 747.0 million in the same period of 2022[32]. - The total comprehensive income for the six months ended June 30, 2023, was RMB 339,925 thousand, compared to a loss of RMB 750,795 thousand for the same period in the previous year[79]. - The company reported a profit attributable to owners of RMB 339,925 thousand for the first half of 2023, a significant improvement from a loss of RMB 750,795 thousand in the same period of 2022[125]. Revenue Breakdown - Non-related party business revenue was approximately RMB 3.204 billion, representing a year-on-year growth of approximately 13%, with property management services contributing RMB 2.924 billion, an increase of about 8% compared to the previous year[7]. - Property management services accounted for 86.1% of total revenue, an increase of 18.4 percentage points year-on-year, with revenue growth of approximately 8.1% due to an increase in managed building area[14]. - Community living services revenue for the six months ended June 30, 2023, was approximately RMB 246.2 million, a decrease of about RMB 47.8 million (approximately 16.3%) compared to the same period in 2022[18]. - Non-owner value-added services revenue decreased significantly by 76.9% to RMB 203.4 million, attributed to ongoing adjustments in response to the lack of improvement in the real estate industry[14]. - Revenue from property brokerage services for the six months ended June 30, 2023, was approximately RMB 31.9 million, a decrease of about RMB 5.1 million compared to the same period in 2022[20]. - Revenue from commercial operation management services for the six months ended June 30, 2023, was approximately RMB 22.3 million, a decrease of about RMB 87.5 million compared to the same period in 2022[23]. - Revenue from convenience services for the six months ended June 30, 2023, was approximately RMB 110.6 million, a decrease of about RMB 30.8 million compared to the same period in 2022[19]. Cost and Expenses - The sales cost for the six months ended June 30, 2023, was approximately RMB 2,548.5 million, a decrease of about RMB 313.4 million (approximately 10.9%) compared to the same period in 2022[24]. - Administrative expenses for the first half of 2023 were approximately RMB 315.4 million, a decrease of RMB 63.4 million compared to RMB 378.8 million in the same period of 2022, attributed to optimized personnel structure and cost savings[28]. - Employee benefit expenses decreased to RMB 1,351,563 thousand in 2023 from RMB 1,738,201 thousand in 2022, a reduction of 22.2%[117]. Cash Flow and Liquidity - Operating cash flow for the first half of 2023 was a net inflow of approximately RMB 6.6 million, compared to a net outflow of RMB 1,008.9 million in the same period of 2022[36]. - The company’s available funds totaled approximately RMB 4,215.8 million as of June 30, 2023, a decrease of RMB 495.1 million from RMB 4,710.9 million at the end of 2022[35]. - The total cash and cash equivalents at the end of the period was RMB 3,123,176 thousand, down from RMB 3,916,103 thousand at the end of June 30, 2022[82]. - The company paid RMB (427,015) thousand in dividends to shareholders, compared to RMB (381,643) thousand in the same period last year, reflecting a 11.9% increase[82]. Market Expansion and Strategy - The Group's market expansion focused on 45 core cities, which accounted for about 80% of the managed area, with a property fee unit price reaching approximately RMB 3 per square meter per month[8]. - New annual saturated revenue from market expansion in the first half of the year was approximately RMB 200 million, with the top 5 cities accounting for 65% of the new signed contracts[8]. - The company plans to focus on 45 core cities for market expansion, emphasizing high-quality development and risk-reward balance[10]. - The company plans to allocate unutilized listing proceeds towards strategic investments and acquisitions related to property management and community operations[69]. Corporate Governance and Compliance - The company has adopted the corporate governance code as per the Stock Exchange Listing Rules and has complied with all applicable provisions as of June 30, 2023[39]. - The company emphasizes good corporate governance and regularly discusses performance and operational strategies at board meetings[39]. - The audit committee has reviewed the interim financial results for the six months ended June 30, 2023, ensuring compliance with relevant accounting standards[72]. Share Incentive Plan - The company has a share incentive plan that allows eligible participants to receive shares, with approximately 428,559,250 shares held in trust, representing about 14.02% of the issued shares as of June 30, 2023[46]. - The share incentive plan is valid for ten years from the date of the first grant, with about eight years remaining[44]. - During the six months ended June 30, 2023, 2,908,000 shares vested under the share incentive plan[54]. - The total number of shares granted to selected participants includes 2,800,000 shares for directors and 10,275,000 shares for other eligible participants[55]. Trade Receivables and Impairment - The total expected loss provision for trade and other receivables as of June 30, 2023, was RMB 1,802.68 million, up from RMB 1,777.08 million at the beginning of the year, indicating a slight increase[98]. - The expected loss provision for trade receivables (including receivables from related parties) totaled RMB 222.93 million, compared to RMB 148.22 million as of December 31, 2022, reflecting an increase of approximately 50%[93]. - The expected loss rates for third-party trade receivables as of June 30, 2023, were 4% for 1 year, 19% for 1 to 2 years, and 72% for over 5 years, indicating a significant increase in risk assessment compared to the previous year[93]. - The management believes that other receivables have low credit risk due to the strong ability of issuers to fulfill cash flow obligations[95]. Assets and Liabilities - As of June 30, 2023, total assets amounted to RMB 12,513,503 thousand, a slight increase from RMB 12,493,457 thousand as of December 31, 2022, reflecting a growth of approximately 0.16%[76]. - Total liabilities increased to RMB 4,796,291 thousand from RMB 4,724,428 thousand, marking an increase of about 1.52%[77]. - The company's equity attributable to owners decreased from RMB 7,769,029 thousand to RMB 7,717,212 thousand, a decline of approximately 0.67%[77]. - The total amount of other receivables was RMB 979,831, a decrease from RMB 1,030,203 as of December 31, 2022[139]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[79]. - The company expects revenue growth rates for its cash-generating units to range from 7.77% to 13.56% for the first unit and 3.65% to 18.56% for the second unit[134].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 SUNAC SERVICES HOLDINGS LIMITED 融創服務控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：01516） 截 至 2023 年 6 月 3 0 日止六個月中期業績公告 | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

SUNAC 融創服務 2022年度報告 ANNUAL REPORT 融 創 服 務 控 股 有 限 公 司 SUNAC SERVICES HOLDINGS LIMITED ( 於 開 曼 群 島 註 册 成 立 的 有 限 責 任 公 司 ) (INCORPORATED IN THE CAYMAN ISLANDS WITH LIMITED LIABILITY) STOCK CODE 胶份代號： 01516.HK sunac CO | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------|-------|---------------------------------| | | | | | 融創服務控股有限公司（「本公司」，連同其附屬公司統稱為 「本集團」）是一家於香港聯合交易所有限公司（「聯交所」） | | | | 主板上市的公司。 | | | | 本集 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 SUNAC SERVICES HOLDINGS LIMITED 融創服務控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：01516） 截 至 2022 年 1 2 月 3 1 日止年度的年度業績公告 | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 業績摘要 | | 截至 | 2022 年 12 月 31 日止年度： | | • | 本集團的收入約為人民幣 71.26 億元，同比下降約 9.8% ； | | • | 本集團的毛利約為人民幣 ...