Property Management Services - As of June 30, 2022, S-Enjoy Service Group has signed property management service agreements covering 187 cities across 31 provinces, with a total contracted gross floor area of 297.0 million square meters[5]. - The total gross floor area under management is 172.2 million square meters, covering 150 cities[5]. - For the six months ended June 30, 2022, the majority of revenue was derived from property management services, with value-added services comprising three categories: developer-related, community-related, and smart community services[6][10]. - The company has been recognized as one of the top property services enterprises in China, moving from 34th place in 2010 to 11th in 2021 according to the China Index Academy[5]. - The company has developed a one-stop information services platform called Orange APP, enhancing service accessibility for residents and customers[5]. - S-Enjoy Service Group has been providing property management services for over 26 years, establishing a brand focused on quality and customer satisfaction[5]. - The company manages a diverse portfolio of properties, including residential and non-residential assets such as office buildings and industrial parks[7]. - The revenue model is primarily based on two business lines: property management services and value-added services, indicating a strategic focus on service diversification[6]. - The company offers extensive property management services, including maintenance, security, cleaning, and horticulture services[7]. - S-Enjoy Service Group aims to enhance its market reputation and service quality through continuous improvement and innovation in property management[5]. Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 2,465,961, representing a 31.4% annual growth[19]. - Gross profit for the same period was RMB 716,129, with a gross margin of 29.0%[19]. - Net profit attributable to equity shareholders for the six months ended June 30, 2022, was RMB 225,816, reflecting a decrease of 21.2% year-on-year[19]. - Revenue from property management services reached RMB 1,392,613, showing a 51.4% annual growth[20]. - Revenue from value-added services was RMB 1,073,348, with a 12.1% annual growth[20]. - Revenue from developer-related value-added services decreased by 29.8% to RMB 274,345[20]. - Revenue from community-related value-added services increased by 113.2% to RMB 624,577[20]. - Revenue from smart community services was RMB 174,426, reflecting a 36.3% decrease[20]. - The gross profit margin for property management services was 55.5% for the six months ended June 30, 2022[22]. - The company reported a gross profit from value-added services of RMB 319,133, with a gross margin of 45.5%[22]. Assets and Liabilities - Cash and cash equivalents increased from RMB 633,456,000 in 2017 to RMB 1,831,154,000 as of June 30, 2022, reflecting a growth of approximately 189.5%[23]. - Total assets grew from RMB 813,573,000 in 2017 to RMB 5,590,401,000 as of June 30, 2022, representing an increase of about 586.5%[23]. - The liquidity ratio as of June 30, 2022, was 162.0%, indicating a strong short-term financial position[23]. - Total liabilities amounted to RMB 2,946,513,000, up from RMB 2,885,013,000, indicating an increase of around 2.09%[158]. - Total equity increased to RMB 2,643,888,000 from RMB 2,524,632,000, representing a growth of approximately 4.73%[158]. Cash Flow and Investments - The net cash generated from operating activities for the first half of 2022 was a negative RMB 381,631,000, compared to a positive RMB 41,273,000 in the same period of 2021[24]. - Cash generated from operations for the six months ended June 30, 2022, was RMB (274,175,000), a decline from RMB 103,487,000 in the same period of 2021[163]. - Net cash used in investing activities for the six months ended June 30, 2022, was RMB (295,360,000), compared to RMB (142,936,000) in the same period of 2021, indicating an increase in cash outflow[163]. - The company incurred a net cash outflow of RMB 132,389,000 for the acquisition of subsidiaries during the six months ended June 30, 2022[163]. Shareholder Information - The company completed a placing of 50,000,000 shares at a price of HK$20.80 per share, raising approximately HK$1,032 million (around RMB864.3 million) net proceeds[105]. - As of June 30, 2022, the interests of directors in the company's shares included Mr. Qi Xiaoming with 4,960,000 shares (0.57%) and Mr. Gao Xinli with 1,770,000 shares (0.20%)[110]. - The company aims to broaden its shareholder base and capital base to facilitate future development through the proceeds from the placing[107]. - As of June 30, 2022, Wang Zhenhua holds a long position of 600,000,000 shares, representing approximately 68.92% of the company's ordinary shares[118]. Risk Management and Compliance - The Group's financial risk exposure includes market risk, credit risk, and liquidity risk, which are actively managed to minimize adverse effects on financial performance[177]. - The Group has adopted new accounting standards effective from January 1, 2022, but these did not significantly impact the financial results for the six months ended June 30, 2022[173]. - The Group's interim financial information for the six months ended June 30, 2022, has been prepared in accordance with Hong Kong Accounting Standard ("HKAS") 34, indicating compliance with local accounting regulations[171]. - The Group's financial performance is subject to estimates and assumptions that may differ from actual results, highlighting the inherent uncertainties in financial reporting[179]. Employee Compensation and Share Options - Total employee benefit expenses for the six months ended June 30, 2022, were approximately RMB803.3 million, covering wages, pensions, and other benefits[77]. - The company granted a total of 5,030,000 award shares to employees under the Share Award Scheme during the six months ended June 30, 2022[139]. - The company aims to incentivize employees through the Share Award Scheme to enhance long-term growth contributions[138]. - The total number of shares that may be issued under the Share Option Scheme is capped at 80,000,000 shares, which is 10% of the shares in issue on the Listing Date[124].

Financial Performance - Revenue for 2021 reached RMB 4,350,735, representing a 51.8% annual growth compared to 2020[28]. - Gross profit for 2021 was RMB 1,341,547, with a gross margin of 30.8%[28]. - Net profit attributable to equity shareholders for 2021 was RMB 525,455, reflecting a 16.2% annual growth[28]. - Revenue from property management services in 2021 was RMB 2,100,212, with a significant annual growth of 67.3%[29]. - Revenue from value-added services reached RMB 2,250,523, showing a 39.7% annual growth[29]. - The company achieved a net profit margin of 12.8% in 2021, a decrease of 4.3% from the previous year[28]. - The gross profit from property management services in 2021 was RMB 631,870, with a gross profit margin of 47.1%[29]. - The Group's revenue for 2021 was approximately RMB 4,350.7 million, representing a 51.8% increase from approximately RMB 2,866.4 million in 2020[49]. - Profit for the year was approximately RMB 558.7 million, a 14.2% increase from RMB 489.1 million in 2020, with a net profit margin of approximately 12.8%, down 4.3 percentage points year-on-year[74]. Revenue Breakdown - Revenue from community-related value-added services increased to RMB 915,603, marking an 84.0% annual growth[29]. - Revenue from smart community services was RMB 519,663, with a 33.6% annual growth[29]. - Revenue from developer-related value-added services reached approximately RMB 815.3 million, representing a year-on-year increase of approximately 12.5%[50]. - Revenue from facility management services was approximately RMB 157.3 million, representing a year-on-year increase of approximately 112.0%[66]. - Revenue from community life services was approximately RMB 195.0 million, reflecting a year-on-year increase of approximately 206.2%[66]. Market Presence and Expansion - As of December 31, 2021, the property management services agreements covered 185 cities across 31 provinces, with a total contracted gross floor area of 278.8 million square meters[15]. - The projects under management spanned 145 cities, managing a total gross floor area of 153.5 million square meters[15]. - The company aims to expand its market presence and enhance service offerings through strategic initiatives and technology empowerment[15]. - The Group successfully expanded third-party projects by over 52.1 million sq.m. in 2021, demonstrating significant growth in this segment[60]. - The Group acquired a total of six property management companies in 2021, with five of the acquisition targets located in Shandong, Jiangsu, and Zhejiang, areas with high project density for the Group[45]. Strategic Initiatives - The company has developed a one-stop information services platform called Orange APP for residents and customers to access services via mobile devices[15]. - The Group completed the expansion of property services across various sectors through acquisitions, enhancing its service capabilities in office buildings, shopping malls, and more[43]. - The Group aims to enhance collaboration with non-residential sectors to expand its service capabilities in various fields such as office buildings and shopping malls[46]. - The company is exploring potential acquisitions to strengthen its market position, with a budget of 150 million allocated for this purpose in 2022[95]. - A new strategic partnership has been established, expected to generate an additional 100 million in revenue over the next two years[94]. Assets and Financial Position - Total assets grew to RMB 5,409,645,000 by the end of 2021, up from RMB 3,314,052,000 in 2020[31]. - Cash and cash equivalents increased to RMB 2,504,102,000 in 2021, compared to RMB 1,882,136,000 in 2020[31]. - The total equity rose to RMB 2,524,632,000 in 2021, up from RMB 1,409,589,000 in 2020[31]. - Current assets as of December 31, 2021, were RMB 4,336.3 million, a 45.3% increase from RMB 2,985.4 million at the end of 2020[74]. - The Group's financial assets at fair value through profit or loss and other comprehensive income amounted to approximately RMB 450.9 million and RMB 52.4 million respectively, accounting for about 9.3% of total assets as of December 31, 2021[77][78]. Governance and Management - The Company has confirmed the independence of all independent non-executive Directors for the year ended December 31, 2021, in accordance with Rule 3.13 of the Listing Rules[137]. - Each executive Director has a service contract with a term of three years, with a notice period of at least three months for termination[138]. - The Company’s Directors are subject to retirement by rotation at least once every three years, with specific Directors up for re-election at the upcoming AGM[134]. - The Company maintains a competitive remuneration system to attract, motivate, and retain core staff, which includes wages, performance-based pay, allowances, and social insurance[145]. - The management team emphasized the importance of sustainable practices, aiming for a 15% reduction in operational costs through green initiatives[98]. Shareholder Information - The Group's final dividend for the year ended December 31, 2021, is recommended at RMB0.155 per share, subject to shareholder approval at the AGM on June 28, 2022[105]. - The top five customers accounted for 35.5% of the total revenue for the year ended December 31, 2021, down from 43.7% in 2020[126]. - The gearing ratio remained at 0% as of December 31, 2020, and December 31, 2021, indicating no borrowings[128]. - The Company aims to broaden its shareholder base and capital base to facilitate future development through the proceeds from the placing[118]. Employee and Workforce Development - As of December 31, 2021, the Group had a total of 21,073 full-time employees in the PRC, with total employee benefit expenses amounting to approximately RMB 1,357.7 million for the year ended December 31, 2021[145]. - The company aims to increase its workforce by 20% to support growth and expansion plans in the upcoming year[98]. - The remuneration committee reviews the Group's remuneration policy and structure based on operating results and individual performance of Directors and senior management[145]. Technology and Innovation - Investment in technology development has increased by 30%, focusing on enhancing service efficiency and user experience[96]. - The management team emphasized the importance of digital transformation, with a focus on integrating AI technologies into service delivery[100]. - The company plans to invest 100 million RMB in technology development to improve service efficiency and customer experience[98].

Company Overview - As of June 30, 2021, S-Enjoy Service Group has signed property management service agreements covering 156 cities across 31 provinces, with a total contracted gross floor area (GFA) of 250.1 million square meters[8]. - The total GFA under management is 122.4 million square meters, covering 113 cities[9]. - The company has improved its ranking among the top 100 Chinese property management services enterprises from 34th in 2010 to 11th in 2020[8]. - S-Enjoy Service Group has been providing property management services in China for over 25 years, establishing a strong market reputation[9]. - The company emphasizes quality and customer orientation in its property services brand[9]. Revenue and Profitability - Revenue is primarily derived from two business lines: property management services and value-added services, with the majority coming from property management services[10]. - Revenue for the six months ended June 30, 2021, was RMB 1,876,950,000, representing a 53.6% annual growth[18]. - Gross profit for the same period was RMB 574,649,000, with a gross margin of 30.6%[18]. - Net profit attributable to equity shareholders for the six months ended June 30, 2021, was RMB 286,417,000, reflecting a 51.6% annual growth[18]. - The company achieved a net profit margin of 16.2% for the six months ended June 30, 2021[18]. - The overall revenue for the first half of 2021 indicates a strong recovery and growth trajectory post-pandemic[18]. Business Segments - The value-added services include three categories: developer-related, community-related, and smart community services[12]. - Revenue from property management services for the six months ended June 30, 2021, was RMB 919,700,000, with a 73.6% annual growth[19]. - Revenue from value-added services for the same period was RMB 957,250,000, showing a 38.4% annual growth[19]. - Revenue from developer-related value-added services was RMB 390,728,000, with a 31.0% annual growth[19]. - Revenue from community-related value-added services reached RMB 292,909,000, reflecting a 58.2% annual growth[19]. - Revenue from smart community services for the six months ended June 30, 2021, was RMB 273,613,000, with a 31.3% annual growth[19]. Financial Position - Total assets as of June 30, 2021, amounted to RMB 4,882,670,000, a significant increase from RMB 2,570,108,000 as of June 30, 2020[22]. - Cash and cash equivalents increased to RMB 2,642,693,000 for the six months ended June 30, 2021, compared to RMB 1,269,384,000 in the same period of 2020[22]. - The liquidity ratio as of June 30, 2021, was 183.4%, indicating a strong financial position compared to 156.7% in the same period of 2020[22]. - The company reported a significant increase in trade receivables, which rose to RMB 820,848,000 as of June 30, 2021, compared to RMB 407,903,000 in the same period of 2020[22]. Growth and Expansion - The company continues to focus on expanding its market presence and enhancing service offerings through innovative solutions[12]. - The Group added approximately 23.4 million square meters of third-party contracted area in the first half of 2021, nearly doubling the amount from the same period in 2020[32]. - The Group entered the hospital property management sector through the acquisition of Zhejiang Liangshi Property Service Co., Ltd., marking its first entry into a high-barrier industry[32]. - The Group completed the mergers and acquisitions of three property management enterprises in the first half of the year, enhancing service capabilities in non-residential segments[50]. Shareholder and Corporate Governance - The chairman and CEO roles are held by the same individual, which the board believes provides strong and consistent leadership[84]. - The company does not recommend the payment of any interim dividend for the six months ended June 30, 2021[82]. - The audit committee has reviewed the unaudited condensed interim results of the group for the six months ended June 30, 2021[86]. - The company has adopted the Model Code for Securities Transactions by Directors and confirmed compliance during the reporting period[83]. Employee and Operational Insights - The Group had a total of 15,233 full-time employees, with total employee benefit expenses for the six months ended June 30, 2021, amounting to approximately RMB 625.6 million[67]. - Administrative expenses were approximately RMB 169.7 million, an increase of approximately 57.4% from RMB 107.8 million in 2020, mainly due to rapid growth of the Group's scale and increased equity incentives granted to employees[64]. Taxation and Financial Management - The average applicable income tax rate for the group is 20%, with a preferential tax rate of 15% for its head office in Tibet until 2030 and for the newly acquired subsidiary Chengdu Chengyue Times[175]. - The corporate income tax rate applicable to entities located in Mainland China outside Tibet and Chengdu is 25% according to the PRC Corporate Income Tax Law[175]. - The company has made a provision for PRC withholding tax at a rate of 10% on an estimated 30% of earnings generated by its PRC entities, indicating a strategic approach to tax management[178]. Asset Management - The total net book amount of property, plant, and equipment was RMB 36,204,000, an increase from RMB 14,209,000 as of January 1, 2021[183]. - The company acquired a subsidiary during the six months ended June 30, 2021, resulting in an addition of RMB 405,000 to the net book amount[183]. - The total cash outflow for leases in the six months ended June 30, 2021, was RMB 3,885,000[197]. Investment and Financing Activities - The company completed a placing of 50,000,000 new ordinary shares at a price of HK$20.80 per share, raising approximately HK$1,032 million (equivalent to approximately RMB864.3 million) after costs[95]. - The proceeds from the placing are allocated as follows: 60% for the acquisition of property management companies, 30% for acquiring downstream businesses, and 10% for upgrading IT infrastructure[96]. - The company reported total net proceeds of approximately RMB 538.4 million from its listing after deducting underwriting fees and related expenses[90].

(Incorporated under the laws of the Cayman Islands with limited liability) Stock Code 股份代號：1755 （於開曼群島註冊成立的有限公司） 報 S-Enjoy Service Group Co., Limited 新城悅服務集團有限公司 2020 annual Report 業績亮點 PERFORMANCE HIGHLIGHTS Revenue RMB2,866 million 收入 人民幣28.66億元 FY2019 FY2020 +41.6% YOY +60.4% YOY FY2019 FY2020 Net profit attributable to owners of the Company RMB452 million 歸母淨利潤 人民幣4.52億元 年內，本集團的收入及利潤快速增長，各項業 務均獲得突破。 The Group's revenue and profits have grown rapidly, and various businesses have achieved breakthroughs. 4 ...

S-Enjoy Service Group Co., Limited 新城悅服務集團有限公司 (Incorporated under the laws of the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號 : 1755 2020 INTERIM REPORT 中期報告 ● 目錄 cONTENTS | --- | --- | |---------------------------------------------------------------------------------------------|-------| | | | | 公司簡介 | 2 | | Corporate Profile 公司資料 | 5 | | Corporate Information 財務摘要 | 8 | | Financial Summary 管理層討論與分析 | 11 | | Management Discussion and Analysis 其他資料 | 28 | | Other Information 簡明綜 ...

S-Enjoy Service Group Co., Limited 新城悅服務集團有限公司 (Incorporated under the laws of the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號 : 1755 ) 菲 JUAL RI | --- | --- | --- | --- | |-----------------------------------------------------|-------|---------------------------------------------------------------|-------| | | | | | | 目錄 cONTENTS | | | | | | | | | | 獎項及榮譽 Awards and Honors | 6 | 企業管治報告 Corporate Governance Report | 72 | | 公司簡介 | 8 | 環境、社會及管治報告 | 93 | | Corporate Profile 公司資料 | 11 ...

Financial Performance - Revenue for the six months ended June 30, 2019, reached RMB 856,251,000, representing a 71.3% increase compared to the same period in 2018[9]. - Gross profit for the same period was RMB 249,901,000, with a year-on-year growth of 73.8%[9]. - Net profit attributable to the parent company for the six months ended June 30, 2019, was RMB 117,245,000, reflecting a significant increase of 115.1% year-on-year[9]. - The gross margin for the six months ended June 30, 2019, was 29.2%, slightly up from 28.8% in the previous year[9]. - The net profit margin for the same period improved to 14.5%, compared to 12.1% in the prior year[9]. - The company reported a total revenue of RMB 1,149,949,000 for the year ended December 31, 2018, marking a 32.7% annual growth[9]. - The gross profit for the year ended December 31, 2018, was RMB 338,976,000, with a gross margin of 29.5%[9]. - Profit for the period was RMB 124.1 million, an increase of 105.9% from RMB 60.3 million for the corresponding period in 2018[51]. - Profit attributable to equity shareholders of the Company was RMB 117.2 million, an increase of 115.1% compared to the same period last year[51]. - Basic earnings per share for the period was RMB 0.14, up from RMB 0.07 in the previous year, reflecting a 100% increase[144]. Revenue Breakdown - Revenue from property management services for the six months ended June 30, 2019, was RMB 397,535, representing an 18.5% increase year-over-year[10]. - Revenue from value-added services for the same period was RMB 458,716, with a significant annual growth of 178.6%[10]. - Revenue from developer-related value-added services reached RMB 274.2 million, a 161.8% increase from RMB 104.7 million in 2018[23]. - Community-related value-added services revenue increased by 206.3% to RMB 71.1 million from RMB 23.2 million in 2018[23]. - Professional services revenue rose by 209.0% to RMB 113.4 million from RMB 36.7 million in 2018[23]. Assets and Liabilities - Total assets as of June 30, 2019, amounted to RMB 1,779,548, reflecting a substantial increase from previous years[11]. - Cash and cash equivalents as of June 30, 2019, were RMB 917,219, indicating a decrease from the previous period[11]. - The total liabilities as of June 30, 2019, were RMB 886,497, showing an increase compared to prior periods[11]. - Current liabilities rose to RMB 872,570,000 from RMB 688,611,000, indicating a 26.7% increase[78]. - Trade receivables reached RMB 403.3 million, representing an increase of 212.3% from RMB 129.1 million at the end of last year[51]. Strategic Focus and Future Outlook - The company is focusing on market expansion and new product development to sustain growth in the upcoming periods[8]. - Future outlook includes continued investment in technology and potential mergers and acquisitions to enhance market position[8]. - The company aims to maintain a strong financial performance while exploring new strategic initiatives to drive long-term growth[8]. - The Group plans to accelerate third-party project expansion while ensuring project quality[20]. - The Group's strategic focus on third-party project expansion included seeking mergers and acquisitions and establishing joint ventures with developers[18]. Employee and Management Information - Total employee benefit expenses for the six months ended June 30, 2019, amounted to approximately RMB 251.3 million[55]. - The Group successfully recruited over 20 mid-level and senior executives from reputable property management companies in the first half of 2019 to enhance management capabilities[18]. - Key management compensation rose to RMB 1,544,000 in the first half of 2019, up from RMB 1,063,000 in the same period of 2018, indicating a growth of 45%[176]. Corporate Governance and Shareholder Information - The Group's ultimate controlling company is Infinity Fortune Development Limited[85]. - Changes in Directors' information include the resignation of Mr. Wang Zhenhua and the appointment of Mr. Wang Xiaosong as a non-executive Director on 8 July 2019[63]. - The company did not declare any interim dividend for the six months ended June 30, 2019[59]. - The final dividend for 2018 was approved at RMB0.1 per ordinary share, totaling RMB82,000,000, which has been paid as of June 30, 2019[135]. Accounting and Financial Reporting - The interim report is prepared in accordance with HKAS 34 Interim Financial Reporting[86]. - The financial statements have been retrospectively adjusted to include the results of the acquired subsidiary as if it had been consolidated at the beginning of the previous reporting period[85]. - The Group adopted HKFRS 16 – Leases, resulting in an increase in right-of-use assets and lease liabilities by RMB 6,181,000 as of January 1, 2019[107][108]. - The weighted average lessee's incremental borrowing rate applied to lease liabilities on January 1, 2019, was 4.9%[103]. Risk Management - The Group's overall risk management program focuses on minimizing potential adverse effects on financial performance due to market, credit, and liquidity risks[112]. - The Group's capital management aims to maintain its ability to continue as a going concern and provide returns for owners while reducing the cost of capital[112].

Xinchengyue Holdings Limited 新 城 悅 控 股 有 限 公 司 (Incorporated under the laws of the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號 : 1755 目錄 CONTENTS 獎項及榮譽 Awards and Honors 2 董事會報告 Report of the Directors 50 業務介紹 Business Profile 4 企業管治報告 Corporate Governance Report 69 公司簡介 Corporate Profile 13 獨立核數師報告 Independent Auditor's Report F-93 公司資料 Corporate Information 16 綜合全面收入表 Consolidated statement of comprehensive income F-101 財務及業務摘要 Financial and Business Summary 19 綜合財務狀況表 Consolid ...