Revenue and Growth - The company's revenue for the year ended December 31, 2023, reached RMB 1,186,994, representing a year-on-year increase of 35.5% compared to RMB 875,735 in 2022[2] - The group's revenue for the year ended December 31, 2023, was RMB 1,186.99 million, representing an increase of 35.4% compared to RMB 875.74 million for the year ended December 31, 2022[25] - Total revenue rose by 35.5% from RMB 875.7 million in 2022 to RMB 1,187.0 million in 2023, driven by a recovery in business, particularly in the interior design and construction sector[56] - For the fiscal year ending December 31, 2023, total revenue reached RMB 1,186.99 million, an increase from RMB 875.74 million in 2022, representing a growth of 35.5%[95] Profitability and Loss - Gross profit for 2023 was RMB 495,458, with a gross margin of 41.7%, down from 54.1% in the previous year[2] - The adjusted net loss attributable to equity holders of the company was RMB (36,033), an improvement from RMB (64,179) in 2022[2] - The group reported a net loss of RMB 99.06 million for the year ended December 31, 2023, compared to a net loss of RMB 140.27 million for the previous year, reflecting an improvement of 29.4%[25] - The net loss for the year ended December 31, 2023, was RMB 99.1 million, an improvement from a net loss of RMB 140.3 million for the year ended December 31, 2022[71] Segment Performance - The indoor design and construction business grew significantly by 111.4%, contributing RMB 729.7 million to total revenue[5] - Revenue from interior design and construction services surged to RMB 729.67 million, a significant increase of 111.1% compared to RMB 345.20 million in 2022[95] - Revenue from SaaS and marketing services decreased to RMB 418.07 million, down 12.5% from RMB 477.89 million in the previous year[95] - The SaaS and marketing services revenue decreased by 12.5% from RMB 477.89 million for the year ended December 31, 2022, to RMB 418.07 million for the year ended December 31, 2023[27] Cost and Expenses - The cost of interior design and construction business rose by 96.9% from RMB 327.7 million to RMB 645.2 million, primarily due to increased material consumption and labor costs[31] - Administrative expenses decreased by 13.4% from RMB 87.7 million to RMB 75.9 million, mainly due to reduced wages and benefits[44] - Selling and marketing expenses as a percentage of revenue decreased from 49.6% for the year ended December 31, 2022, to 36.2% for the year ended December 31, 2023, due to cost reduction strategies[80] Financial Position - The company maintained a healthy liquidity position with a leverage ratio of 20.6% as of December 31, 2023, compared to 3.2% in 2022[16] - Cash and cash equivalents, along with other liquid financial resources, totaled approximately RMB 1,039.3 million as of December 31, 2023, remaining stable compared to RMB 1,038.4 million as of December 31, 2022[82] - Total assets as of December 31, 2023, were RMB 1,870,285 thousand, a slight increase from RMB 1,812,362 thousand in 2022[130] - Total liabilities increased to RMB 851,848 thousand in 2023 from RMB 641,829 thousand in 2022, primarily due to a rise in short-term borrowings[132] Dividends and Shareholder Returns - The company announced a mid-term dividend payment of approximately RMB 29.4 million on September 22, 2023, and proposed a final dividend of HKD 0.0131 per share, totaling about HKD 15.0 million, subject to shareholder approval[12] - The company declared dividends totaling RMB 29,397,000 for the year ended December 31, 2023[194] Research and Development - The group's research and development expenses for the year ended December 31, 2023, were RMB 37.15 million, a decrease from RMB 43.56 million in the previous year[25] - Research and development expenses decreased by 14.7% from RMB 43.6 million to RMB 37.1 million, attributed to lower wages and benefits[44] Impairment and Financial Management - The company's financial asset impairment losses decreased by 37.8% to RMB 9.8 million from RMB 15.7 million in the previous year, attributed to the normalization of payments on certain risk projects[105] - The impairment loss on accounts receivable increased to RMB (23,679) thousand as of December 31, 2023, from RMB (16,725) thousand in 2022, indicating a rise in impairment provisions[165] Operational Efficiency - The company is focused on cost reduction and efficiency improvement strategies to mitigate operational losses amid significant changes in the real estate market[5] - Operating loss decreased to RMB 110,036 thousand in 2023 from RMB 158,691 thousand in 2022, indicating a reduction in operational inefficiencies[126] Client and Market Dynamics - The company generated over 10% of its total revenue from a specific client, identified as Client A, for interior design and construction services[119] - The company has established showrooms in six cities in China, enhancing its service experience through a combination of offline design and an online intelligent management system[11]

Financial Performance - Total revenue increased by 15.1% to RMB 497.0 million, driven by a 50.9% increase in revenue from interior design and construction services to RMB 253.2 million[7]. - Adjusted net profit attributable to equity holders was RMB 8.2 million, compared to a net loss of RMB 20.7 million in the same period last year[8]. - Revenue for the six months ended June 30, 2023, was RMB 496.976 million, an increase of 15.0% from RMB 431.940 million for the same period in 2022[64]. - Gross profit for the same period was RMB 252.257 million, up 3.0% from RMB 244.994 million in the previous year[64]. - The net loss for the period was RMB 16,597 thousand, a significant improvement from a net loss of RMB 66,348 thousand in the previous year, reflecting a reduction in operating losses[196][200]. - The company reported financial income of RMB 19,794 thousand, significantly higher than RMB 7,314 thousand in the previous year, reflecting improved financial management[200]. Revenue Breakdown - Revenue from SaaS and extended services was RMB 239.2 million, accounting for 48.1% of total revenue, while revenue from interior design and construction was RMB 257.8 million, accounting for 51.9%[48]. - SaaS and marketing services revenue decreased by 6.9% to RMB 225.341 million, while the average revenue per sales lead dropped by 26.7% to RMB 516[67]. - Interior design and construction revenue surged by 50.9% to RMB 253.2 million, driven by expansion in Nanchang and Beijing[71]. - Supply chain services revenue fell by 12.5% to RMB 13.856 million, primarily due to decreased demand for construction materials amid intense price competition[68]. Operational Efficiency - The operating costs for SaaS and extended services decreased by 18.7% to RMB 18.4 million, reflecting improved operational efficiency[60]. - The gross margin for SaaS and extended services increased slightly to 92.3% from 91.2% in the previous period, driven by higher margins from proprietary brand sales[63]. - Administrative expenses decreased by 8.7% to RMB 37.685 million, attributed to organizational optimization and employee control[85]. - Research and development expenses slightly decreased by 4.6% to RMB 19.368 million, reflecting improved efficiency[86]. Cash and Liquidity - Cash and cash equivalents amounted to RMB 269.8 million, while time deposits were RMB 832.6 million as of June 30, 2023, compared to RMB 445.4 million and RMB 569.5 million respectively at the end of 2022[8]. - The company maintained a healthy liquidity position as of June 30, 2023, with prudent financial management practices in place to manage cash flow risks[123]. - The company’s cash and cash equivalents decreased to RMB 269,773 thousand from RMB 445,429 thousand, indicating a liquidity challenge[198]. Investments and Capital Expenditures - The company’s capital expenditures were primarily for purchasing real estate and equipment, including lease renovations and IT infrastructure[40]. - Total capital expenditures for the six months ended June 30, 2023, amounted to RMB 5.066 million, significantly up from RMB 1.338 million in the same period of 2022[124]. - The company has made non-controlling equity investments in technologies or businesses deemed beneficial, although some investments have not yet generated significant returns[141]. Shareholder Information - Major shareholders include Mr. Deng and Ms. Sun, each holding approximately 26.93% of the company's shares, totaling 308,377,140 shares[138]. - Qeeka Holding directly holds 294,789,530 shares, representing 25.75% of the company's equity[138]. - The company has a total of 2,993,797 restricted share units held by Mr. Gao, representing a beneficial ownership interest[138]. Corporate Governance and Employee Management - The company is committed to maintaining strict corporate governance principles to ensure high levels of ethics, transparency, accountability, and integrity[176]. - The company has a competitive compensation structure, including performance bonuses and other incentives, to attract and retain qualified personnel[171]. - The company has a total of 989 full-time employees, primarily located in Shanghai, with additional staff in Beijing, Fuzhou, and other cities in China[171].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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分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。 Qeeka Home (Cayman) Inc. 齊 屹 科 技（開 曼）有 限 公 司 （於開曼群島註冊成立的有限公司） 1739 （股份代號： ） 2022 12 31 截 至 年 月 日 止 年 度 的 年 度 報 告 之 補 充 公 告 茲提述齊屹科技（開曼）有限公司（「本公司」）於2023年4月26日刊發的截至2022年 12月31日止年度的年度報告（「年報」）。除另有界定者外，本公告所用詞彙與年 報所界定者具有相同涵義。除本公司於年報作出的披露外，本公司謹此就本公 司2021年受限制股份單位計劃補充以下資料。 2021 根據 年受限制股份單位計劃可予發行之股份總數 於2022年1月1日及2022年12月31日，根據2021年受限制股份單位計劃可予授出之 受限制股份單位的最大數量分別為50,791,783份及50,113,070份。2021年受限制股 份單位計劃項下概無服務提供 ...

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 全部或任何部分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。 Qeeka Home (Cayman) Inc. 齊 屹 科 技（開 曼）有 限 公 司 （於開曼群島註冊成立的有限公司） 1739 （股份代號： ） 2023 6 30 截 至 年 月 日 止 六 個 月 的 中 期 業 績 公 告 齊屹科技（開曼）有限公司（「本公司」）董事會欣然宣佈本公司、其附屬公司及中 國經營實體（合稱「本集團」）截至2023年6月30日止六個月（「報告期間」）的未經審 核中期業績。 於本公告中，「我們」指本公司及（倘文義另有指定）本集團。 財務摘要 6 30 截至 月 日止六個月 2023 年 2022年 同比變動 （人民幣千元）（人民幣千元） (%) 收入 496,976 431,940 15.1% ...

Financial Performance - Total revenue decreased by 20.9% from RMB 1,106.5 million in 2021 to RMB 875.7 million in 2022, primarily due to the prolonged impact of COVID-19 on operations[7] - Gross profit decreased by 20.1% from RMB 593.4 million in 2021 to RMB 473.9 million in 2022[22] - The net loss attributable to equity holders for the year ended December 31, 2022, was RMB 126.0 million, compared to a profit of RMB 74.1 million for the year ended December 31, 2021[45] - The adjusted net loss attributable to equity holders for the year ended December 31, 2022, was RMB 64.2 million, primarily due to operating losses in the interior design and construction business[43] - Total revenue for 2022 was RMB 875.7 million, representing a decrease of 20.9% compared to the previous year[156] Revenue Breakdown - SaaS and extended services revenue fell by 18.4% from RMB 634.3 million in 2021 to RMB 517.6 million in 2022[18] - Revenue from SaaS and marketing services decreased by 15.8% to RMB 477.9 million, while revenue from interior design and construction services fell by 24.2% to RMB 345.2 million[166] - Revenue from supply chain services dropped by 40.7% to RMB 39.7 million due to various market disruptions[159] - The revenue from the new brand "Yuzu," which offers home renovation services, was RMB 6.1 million, with a contract value of RMB 12.9 million as of December 31, 2022[10] Merchant and User Metrics - The number of active paying merchants decreased by 30.1% to 4,055, attributed to community lockdown measures affecting construction and communication[1] - The number of sales leads decreased by 8.4% to 686,092, and the number of recommended users decreased by 6.9% to 581,775[1] - The average revenue per sales lead from SaaS and marketing services was RMB 697, down from RMB 757 in 2021, reflecting a decrease of 7.9%[139] Cash Flow and Financial Position - Cash and cash equivalents decreased to RMB 445.4 million from RMB 548.0 million in 2021[31] - Net cash used in operating activities was RMB (225.7) million, compared to RMB (190.6) million in 2021[33] - The net cash generated from investing activities for the year ended December 31, 2022, was RMB 97.4 million, mainly from the sale of financial assets at fair value amounting to RMB 1,165.2 million[35] - The net cash generated from financing activities for the year ended December 31, 2022, was RMB 8.2 million, primarily from borrowings of RMB 38.0 million[36] Cost and Margin Analysis - The gross profit margin for interior design and construction services dropped from 9.7% in 2021 to 4.1% in 2022, mainly due to lower-margin services comprising a larger portion of revenue[26] - The overall gross margin for the year ended December 31, 2022, was 54.1%, slightly up from 53.6% in 2021[197] Investment and Capital Expenditures - Total borrowings increased by 133.7% to RMB 38.0 million as of December 31, 2022, primarily due to new borrowings of RMB 20.0 million from Shanghai Qiyi Information Technology Co., Ltd.[55] - Capital expenditures decreased significantly to RMB 6.1 million in 2022 from RMB 20.6 million in 2021, mainly for the purchase of property and equipment[57] Governance and Management - The management team includes experienced executives with over 20 years in the industry, enhancing strategic planning and operational efficiency[70][72] - The company has maintained a stable board of directors since April 2018, ensuring continuity in governance and oversight[82] - The independent directors contribute to risk management and compliance, strengthening corporate governance practices[80][81] Strategic Initiatives and Future Outlook - The company is focused on expanding its market presence and enhancing product offerings through strategic initiatives[84] - The management emphasizes the importance of user data and technology development in driving future growth[84] - The company has a clear strategy for international business expansion, leveraging existing technology and expertise[84] - The company plans to continue exploring new business models and opportunities in the future[189] - The company provided guidance for the next fiscal year, projecting revenue growth of 25% and aiming to reach $1.875 billion[90]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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分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。 Qeeka Home (Cayman) Inc. 齊 屹 科 技（開 曼）有 限 公 司 （於開曼群島註冊成立的有限公司） 1739 （股份代號： ） 2022 12 31 截 至 年 月 日 止 年 度 的 全 年 業 績 公 告 齊屹科技（開曼）有限公司（「本公司」）董事會欣然宣佈本公司及其附屬公司及中 國經營實體（合稱「本集團」）截至2022年12月31日止年度的經審核合併業績。該 等業績已由核數師根據國際審計準則審核，並經審核與風險管理委員會審閱。 於本公告中，「我們」指本公司及（倘文義另有指定）本集團。 關鍵摘要 1. 財務摘要 12 31 截至 月 日止年度 2022 年 2021年 同比變動 （人民幣千元）（人民幣千元） (%) 收入 875,735 1,106,540 (20.9%) ...

Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 431.94 million, a decrease of 18.5% from RMB 524.39 million for the same period in 2021[17]. - Gross profit for the same period was RMB 244.99 million, down 17.4% from RMB 296.56 million in 2021[17]. - The adjusted net loss attributable to equity holders was RMB 20.68 million, compared to a profit of RMB 20.54 million in the same period last year[17]. - Total revenue for the six months ended June 30, 2022, was RMB 431.9 million, a year-on-year decrease of 17.6%[23]. - Net loss attributable to equity holders was RMB 57.1 million, with adjusted net loss of RMB 20.7 million primarily due to operational losses in the interior design and construction business[23]. - The company reported a significant operating loss of RMB 62.7 million before income tax adjustments for the six months ended June 30, 2022[82]. - The company reported a total comprehensive loss of RMB 56,086 thousand for the six months ended June 30, 2022, compared to a total comprehensive income of RMB 51,450 thousand in the previous year[151]. Revenue Breakdown - SaaS and related services revenue was RMB 255.7 million, down 17.4% year-on-year, with active paying merchants decreasing by 3.8% to 5,451[25]. - Revenue from the interior design and construction business was RMB 169.9 million, a decrease of 18.0% year-on-year, impacted by macroeconomic policies and the pandemic[27]. - Total revenue decreased by 17.6% year-on-year to RMB 431.9 million, primarily due to a 14.6% decline in SaaS and marketing services to RMB 239.9 million, a 44.2% drop in supply chain services to RMB 15.8 million, and an 18.0% decrease in interior design and construction to RMB 169.9 million[40]. - Revenue from supply chain services was RMB 15,828 thousand, down from RMB 28,385 thousand, marking a decline of 44.3% year-over-year[198]. - Revenue from interior design and construction services was RMB 169,904 thousand, a decrease of 18.0% from RMB 207,079 thousand in the previous year[198]. Operational Challenges - The company faced significant challenges due to COVID-19, impacting user demand for renovation and construction services[22]. - The logistics disruptions severely affected the supply chain, contributing to the overall performance decline[22]. - The real estate market continues to face significant downward pressure, with no clear signs of recovery in supply-demand relationships and transactions[28]. - The real estate market faced significant downward pressure, with a 23.3% year-on-year decline in completed housing area from January to July 2022[42]. Cash Flow and Liquidity - Cash and cash equivalents increased by 26.4% to RMB 719.9 million compared to RMB 569.8 million as of December 31, 2021[23]. - Cash and cash equivalents as of June 30, 2022, amounted to RMB 475.0 million, down from RMB 548.0 million as of December 31, 2021, representing a decrease of approximately 13.3%[77][78]. - The net cash used in operating activities for the six months ended June 30, 2022, was RMB 134.3 million, compared to a net cash inflow of RMB 21.5 million for the same period in 2021[81]. - The company maintains a healthy liquidity position, closely monitoring its cash flow to meet funding needs[89]. Cost Management - Sales and marketing expenses decreased by 10.8% from RMB 234.3 million to RMB 208.9 million, mainly due to optimized marketing channels and reduced labor costs[65]. - Research and development expenses slightly decreased by 8.0% from RMB 22.1 million to RMB 20.3 million, reflecting improved R&D efficiency[68]. - SaaS and extended services business cost decreased by 41.2% from RMB 38.6 million to RMB 22.7 million, attributed to a reduction in revenue from this segment[56]. Shareholder Information - As of June 30, 2022, Mr. Tang holds 308,377,140 shares, representing approximately 26.93% of the company's voting shares[112]. - Qeeka Holding is the beneficial owner of 294,789,530 shares, representing approximately 25.75% of the company's shares[112]. - The company repurchased 8,827,000 shares at a total cost of approximately HKD 6.2 million during the reporting period, with a maximum price of HKD 0.79 and a minimum price of HKD 0.40 per share[122]. Investment and Financial Assets - The company reported a significant reduction in its investment in financial products, which decreased by 30.7% from RMB 603.0 million to RMB 417.6 million due to a shift to lower-risk fixed deposits[97]. - The company held financial assets at fair value through profit or loss amounting to approximately RMB 448.7 million as of June 30, 2022, down 29.9% from RMB 639.3 million as of December 31, 2021[96]. - The fair value of financial assets measured at fair value through other comprehensive income was RMB 38,360 thousand as of June 30, 2022, compared to RMB 48,388 thousand as of December 31, 2021, indicating a decline of about 20.9%[180]. Employee and Management Information - As of June 30, 2022, the company had a total of 870 full-time employees, primarily located in China, with most based in Shanghai[134]. - The board has resolved not to declare any interim dividends for the reporting period[143].

Financial Performance - Total revenue for the year ended December 31, 2021, was RMB 1,106.5 million, representing a year-on-year increase of 20.8%[24] - Net profit attributable to equity holders reached RMB 74.1 million, an increase of 82.3% compared to RMB 40.6 million in 2020[25] - Gross profit for 2021 reached RMB 593.4 million, an increase of RMB 72.9 million compared to RMB 520.5 million in 2020[51] - Operating profit for 2021 was RMB 63.8 million, a significant recovery from an operating loss of RMB 28.5 million in 2020[51] - The adjusted net profit attributable to equity holders for the year ended December 31, 2021, was RMB 2.4 million, a decrease primarily due to losses from the interior design and construction business and new ventures offsetting profits from core operations[72] Merchant Activity - Active paying merchants increased to 5,799, reflecting an 18.3% year-on-year growth[27] - The retention rate for active paying merchants improved to 72.5%, up 17.3% from the previous year[26] - New paying merchants numbered 2,242, a decrease of 14.5% compared to 2,621 in 2020[31] - The number of active paying merchants reached 5,799 in 2021, an increase of 18.3% year-over-year, with a retention rate of 72.5%[39] Revenue Breakdown - Revenue from SaaS and extended services grew by 17.3%, while revenue from interior design and construction increased by 25.6%[38] - SaaS and extended services contributed RMB 629.8 million, accounting for 56.9% of total revenue in 2021[54] - The indoor design and construction segment generated RMB 476.8 million, representing 43.1% of total revenue[54] - SaaS revenue rose by 12.5% to RMB 460.1 million for the year ended December 31, 2021, driven by growth in real estate decoration services[58] Cost and Expenses - The gross profit margin decreased to 53.6%, down from 56.8% in the previous year[30] - Sales and marketing expenses increased by 21.4% to RMB 492.9 million, primarily due to increased personnel costs and advertising expenses[64] - The cost of sales increased by 29.7% to RMB 513.1 million, with the indoor design and construction business accounting for the majority[58] Cash Flow and Liquidity - Cash and cash equivalents as of December 31, 2021, were RMB 548.0 million, down from RMB 897.1 million as of December 31, 2020[74] - The net cash used in operating activities for the year ended December 31, 2021, was RMB 190.6 million, primarily due to adjustments for non-cash items and changes in working capital[79] - The net cash used in investing activities for the year ended December 31, 2021, was RMB 82.4 million, mainly due to purchases of property, plant, and equipment totaling RMB 19.5 million[80] Governance and Management - The board of directors includes key members such as Mr. Deng Huajin, who has been the CEO since April 2, 2018, and has over 20 years of industry experience[106] - The company has a strong management team with members like Mr. Tian Yuan and Mr. Gao Wei, both of whom have extensive industry backgrounds[108][110] - The company has maintained a stable governance structure with a mix of executive and non-executive directors since its inception[104] - The board emphasizes strict corporate governance principles to enhance transparency and accountability to all shareholders[120] Risk Management - The board confirmed its responsibility for risk management and internal control systems, which are designed to manage risks rather than eliminate them, ensuring reasonable assurance against material misstatements or losses[162] - The company has established a strong, comprehensive, and technology-driven risk management system to effectively manage and mitigate inherent business risks[162] ESG Initiatives - The company has identified 13 key ESG issues through stakeholder communication and has categorized them into operational, employee, and environmental aspects[175] - The board of directors is responsible for the company's ESG strategy and performance, ensuring that ESG risks and opportunities are integrated into the business strategy[169] - The company emphasizes sustainable development and has implemented a comprehensive e-commerce solution for suppliers in the home decoration and building materials sector[178] Customer Engagement and Services - The company has established a comprehensive customer service system, including a 400 customer service hotline and online platforms, to address customer needs and complaints effectively[191] - The company has introduced a "construction site live broadcast" feature, allowing customers to monitor the renovation process in real-time, enhancing transparency and customer satisfaction[188] - The company has developed a complaint management system with specific response time standards, aiming for a 3-hour response, a preliminary solution within one day, and resolution within five days[191]

Financial Performance - Revenue for the six months ended June 30, 2021, was RMB 524,391 thousand, representing a 66.5% increase from RMB 315,034 thousand in the same period of 2020[11] - Gross profit for the same period was RMB 296,556 thousand, up 41.9% from RMB 209,060 thousand year-over-year[11] - The net profit attributable to equity holders of the company was RMB 12,087 thousand, a significant recovery from a loss of RMB 12,263 thousand in the previous year[11] - Adjusted net profit attributable to equity holders increased by 286.3% to RMB 20,538 thousand from RMB 5,316 thousand in the prior year[11] - The gross margin for the six months ended June 30, 2021, was 56.6%, down from 66.4% in the same period of 2020, reflecting a decrease of 14.8%[11] - The adjusted net profit margin improved to 3.9% from 1.7% in the previous year, marking a 129.4% increase[11] - Total revenue grew by 66.5% year-on-year to RMB 524 million, up from RMB 315 million in the same period of 2020[16] - Adjusted net profit attributable to the parent company was RMB 205.4 million, a year-on-year increase of 286.3%[16] - The overall financial performance remains robust, with a strong emphasis on SaaS strategy as a core growth driver[18] - The company reported a net profit of RMB 15.5 million for the six months ended June 30, 2021, compared to a net loss of RMB 16.0 million for the same period in 2020[50] Revenue Breakdown - SaaS and extended service revenue rose by 38.4% year-on-year to RMB 309 million[16] - Revenue from interior design and construction business surged by 140.9% year-on-year to RMB 207 million[20] - Marketing services revenue increased by 38.8% to RMB 265.7 million, with the number of sales leads rising from 330,199 to 384,216[31] - The revenue breakdown shows that marketing services generated RMB 265,668 thousand, up from RMB 191,466 thousand, reflecting a growth of 38.8%[160] - The total revenue from external customers reached RMB 524,391 thousand, with the supply chain services segment contributing RMB 28,385 thousand[156] Merchant Activity - The number of new paying merchants decreased by 10.9% to 1,082 from 1,214 in the same period last year[13] - Active paying merchants increased by 33.8% to 5,667 from 4,236 year-over-year[13] - The number of active paying renovation companies increased by 33.8% year-on-year, reaching 5,667[16] Expenses and Costs - Sales and marketing expenses increased by 29.6% to RMB 234.3 million, driven by higher personnel costs and increased advertising and promotion expenses[44] - Administrative expenses slightly decreased by 6.8% to RMB 38.5 million due to improved management efficiency[45] - Research and development expenses decreased by 19.9% to RMB 22.1 million, mainly due to the completion of outsourced platform technology development projects[46] - Total expenses for the period were RMB 522,660 thousand, up from RMB 355,551 thousand, which is an increase of 47.0%[163] Cash Flow and Assets - Cash and cash equivalents increased to RMB 929.5 million as of June 30, 2021, from RMB 897.1 million as of December 31, 2020[53] - Operating cash flow for the six months ended June 30, 2021, was RMB 21,487 thousand, a decrease of 54.5% from RMB 47,214 thousand in the same period of 2020[124] - Total assets increased to RMB 2,330,310 thousand as of June 30, 2021, up from RMB 2,149,605 thousand as of December 31, 2020, representing an increase of approximately 8.4%[115] - Current assets totaled RMB 1,515,245 thousand, an increase from RMB 1,394,427 thousand, reflecting a growth of approximately 8.7%[115] Shareholder Information - The company’s major shareholder, Mr. Deng, holds 308,377,140 shares, representing approximately 26.61% of the voting shares[66] - Mr. Gao holds 14,211,360 shares, which accounts for about 1.23% of the total shares[66] - Mr. Tian holds 4,578,876 shares, representing approximately 0.40% of the total shares[66] - Mr. Li holds 100,000,000 shares, which is about 8.63% of the total shares[66] Corporate Governance - The company has adopted the principles and code provisions of the Corporate Governance Code as the basis for its corporate governance practices during the reporting period[99] - The company believes that having the same individual serve as both Chairman and CEO ensures consistent internal leadership and effective strategic planning[100] - The company is committed to maintaining high standards of ethics, transparency, accountability, and integrity in its corporate governance practices[98] Investments and Acquisitions - The company completed a share transfer agreement on July 22, 2021, to sell its subsidiaries for a total consideration of RMB 432 million[106] - The company made an investment of RMB 5,000,000 in Xiamen Jingdao Zhibo Investment Partnership, becoming a limited partner with a 24.7525% stake[182] - The company has made non-controlling equity investments in technologies or businesses deemed beneficial, although some investments have not yet generated significant returns[61] Impairment and Provisions - The provision for impairment of accounts receivable increased to RMB 2,053 thousand from RMB 998 thousand, reflecting a significant rise in credit risk[190] - The group’s other receivables provision for impairment decreased slightly to RMB 12,893 thousand from RMB 12,925 thousand, showing stability in this area[192] Future Strategies - The company plans to enhance R&D investment and optimize internal organizational structure to support strategic goals[22] - Future strategies include expanding merchant partnerships and improving user experience through digital transformation initiatives[22] - The company anticipates continued growth in the interior design and construction business, leveraging its SaaS capabilities[20]

Financial Performance - Total revenue for the year ended December 31, 2020, was RMB 916.3 million, an increase of 18.8% year-over-year[11] - Adjusted net profit attributable to equity holders was RMB 45.1 million, down 26.1% year-over-year[15] - Total revenue for the year ended December 31, 2020, increased by 18.8% year-on-year to RMB 916.3 million, with a 48.7% increase in the second half of the year to RMB 601.2 million[22] - Adjusted net profit attributable to equity holders reached RMB 45.1 million, driven by increased marketing service revenue and strict cost control measures in response to the pandemic[22] - The company reported a net profit of RMB 41.9 million for 2020, down from RMB 49.5 million in 2019, with profit attributable to equity holders decreasing from RMB 60.7 million to RMB 40.6 million[48] - Adjusted net profit attributable to equity holders was RMB 45.1 million in 2020, compared to RMB 60.9 million in 2019[48] Revenue Breakdown - SaaS business revenue amounted to RMB 29.8 million, up 39.9% compared to the previous year[11] - Marketing services revenue amounted to RMB 454.6 million, representing a year-on-year increase of 6.4%, with sales lead volume increasing by 7.9%[27] - Total revenue from interior design and construction services was RMB 360.5 million, a year-on-year growth of 41.3%, attributed to digital innovations like live video monitoring of construction sites[32] - Supply chain services revenue reached RMB 52.4 million, showing recovery in orders from the second half of the year after initial pandemic-related disruptions[30] - SaaS business revenue grew by 39.9%, while marketing services revenue increased by 6.4%[43] - Interior design and construction revenue surged by 41.3% from RMB 255.1 million in 2019 to RMB 360.5 million in 2020, attributed to steady growth in renovation service demand[54] Merchant Activity - Active paying merchants reached 4,904, representing a year-over-year increase of 32.6%[11] - The number of new paying merchants was 2,621, reflecting a growth of 34.2% year-over-year[18] - The company introduced 2,621 new paid merchants in 2020, compared to 1,953 in 2019[39] - Active paid merchants increased to 4,904 in 2020 from 3,697 in 2019, reflecting strong merchant retention[39] Cost and Profitability - Gross profit for the year was RMB 520.5 million, with a gross margin of 56.8%[15] - The company reported a decrease in gross margin for supply chain services to 8.9%, down from 11.4%[15] - The total gross profit increased by 2.3% from RMB 508.6 million in 2019 to RMB 520.5 million in 2020, while the overall gross margin decreased from 66.0% to 56.8%[56] - Supply chain services gross profit decreased by 35.4% from RMB 7.2 million in 2019 to RMB 4.6 million in 2020, with a gross margin decline to 8.9% from 11.4%[60] - Interior design and construction gross profit fell by 28.9% from RMB 70.5 million in 2019 to RMB 50.1 million in 2020, with a gross margin drop of 49.8%[61] Research and Development - Research and development expenses increased from RMB 46.8 million in 2019 to RMB 58.8 million in 2020, reflecting the company's commitment to enhancing its service offerings[48] - The company plans to invest in technology and big data analytics to improve lead matching mechanisms[44] - The company is investing $20 million in research and development for new technologies aimed at enhancing user experience[84] Corporate Governance - The board of directors is responsible for leading and controlling the company, overseeing business strategies and performance[93] - The company emphasizes strict corporate governance principles to enhance transparency and accountability to shareholders[92] - The management team is authorized to execute daily operations and administrative tasks, while major investment decisions require board approval[94] - The company has established a robust internal control and risk management system to ensure operational integrity[93] - The company has a structured approach to reviewing and approving its annual financial budget and profit distribution plans[94] ESG Initiatives - The company has established an ESG working group to oversee daily ESG operations and report progress to senior management[137] - The ESG strategy is based on sustainable development principles, integrating ESG risks and opportunities into the company's operational strategy[139] - The company identified 13 key ESG issues, categorized into operations, employees, and environment, through stakeholder communication[143] - The company launched the Nola brand in collaboration with Holike, focusing on customized light fashion furniture, utilizing an online service and offline experience model[146] - The company emphasizes high-quality products and services, ensuring customer satisfaction through efficient and transparent solutions[146] Employee Engagement and Training - The company has established a comprehensive privacy protection system in compliance with various laws, ensuring customer data security[159] - The company has implemented a training system that combines self-training and professional knowledge training to enhance employee skills[167] - The company has a dedicated online learning platform, "Qizhi Academy," to facilitate employee training and development[168] - The training participation rate for male employees is 54% with an average of 33.8 hours per employee, while for female employees it is 46% with an average of 20.5 hours[168] Environmental Impact - In 2020, nitrogen oxide emissions were recorded at 110.70 kg, a decrease from 119.30 kg in 2018[198] - Total greenhouse gas emissions amounted to 415.11 tCO2e in 2020, down from 548.71 tCO2e in 2019[198] - The total energy consumption for 2020 was 692.06 MWh, a reduction from 889.67 MWh in 2019[199] - Total water consumption decreased to 2,701 tons in 2020, compared to 4,181 tons in 2019[199] - The company replaced two energy-efficient air conditioning units in 2020 as part of its green initiatives[191]