Group 1 - A new individual business named Mangshi Shunyuancai Life Products Store has been established with a registered capital of 10,000 RMB [1] - The legal representative of the business is Zhong Yu [1] - The business scope includes wholesale and retail of daily necessities, clothing, maternal and infant products, and various other consumer goods [1] Group 2 - The business is authorized to operate without needing special permits for most of its activities, as long as it adheres to the business license regulations [1] - The store's operations encompass a wide range of products, including daily chemical products, home goods, leather goods, and plastic products [1]

Group 1 - The core viewpoint emphasizes the leadership of Xi Jinping in guiding Tianjin's economic and social development since the 18th National Congress, focusing on high-quality development through reforms during the 14th Five-Year Plan period [1] - Tianjin has initiated ten actions including "deepening the coordinated development of Beijing-Tianjin-Hebei," "promoting education and talent," and "integrating port, industry, and city" to enhance its development [1] - The recent Shanghai Cooperation Organization summit held in Tianjin has provided a strong impetus for further reform and opening up in the city, as highlighted by Xi Jinping's important speech [1] Group 2 - During the 14th Five-Year Plan, Tianjin has focused on improving people's livelihoods, with significant achievements such as the renovation of 985 old urban communities benefiting nearly 500,000 households, and the addition of 173,000 compulsory education places [6] - The city has also constructed and upgraded 270 pocket parks and established 180 comprehensive elderly care service centers, enhancing the quality of life for its residents [6] Group 3 - Looking ahead, Tianjin is planning for the 15th Five-Year Plan, aiming for deeper integration with Beijing and Hebei, and fostering innovation in technology and industry [16] - The city intends to leverage the advantages of Tianjin Port to accelerate the integration of port, industry, and city, while also improving public service systems to bring tangible benefits to the community [16]

截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 彩生活服務集團有限公司 呈交日期: 2025年9月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01778 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | HKD | | 0.1 | HKD | | 5,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 50,000,000,000 | HKD | | 0.1 | HKD | | 5,000,000,000 | 本月底法定/註冊股本總額： HKD 5,000,000,000 股份發行人及根據《上市 ...

Core Viewpoint - The company reported a service revenue of 1.039 billion, reflecting a year-on-year increase of 6.67%, while the profit attributable to shareholders decreased by 2% to 23.892 million, resulting in an earnings per share of 1.42 cents [1] Group 1: Financial Performance - The service revenue for the six months ending June 30, 2025, was 1.039 billion, which is a 6.67% increase compared to the previous year [1] - The profit attributable to shareholders was 23.892 million, showing a decrease of 2% year-on-year [1] - Earnings per share stood at 1.42 cents [1] Group 2: Operational Highlights - The company focuses on organic growth through reputation and brand expansion [1] - As of June 30, 2025, the total contracted management area reached 281 million square meters, corresponding to 1,651 communities [1] - The total contracted management area that generated revenue as of June 30, 2025, was 146 million square meters [1]

Group 1 - The company reported total revenue of approximately RMB 1.039 billion and a net profit of approximately RMB 28.6 million for the six months ending June 30, 2025 [1] - The net profit attributable to shareholders was approximately RMB 23.9 million [1] - The company's debt-to-asset ratio decreased to approximately 21.6% from 24.3% as of December 31, 2024, a reduction of 2.7 percentage points [1] Group 2 - As of June 30, 2025, the company had no interest-bearing debt [1] - The company focuses on organic growth through reputation and brand expansion, leveraging its strong property management experience and external development capabilities [1] - The total contracted management area reached 281.15 million square meters, corresponding to 1,651 communities, with 146.18 million square meters already generating revenue [1] Group 3 - The company is actively expanding its service area while simultaneously upgrading its community service platform to meet residents' daily needs [1] - It aims to provide high-quality and efficient property management services and is exploring consumption scenarios, product innovation, and business model exploration within the community context [1] - The company offers various additional services to integrate property management into residents' lives [1]

[Summary](index=1&type=section&id=Summary) The Group reported positive financial results, demonstrating strong revenue, profitability, and a robust balance sheet with no interest-bearing debt | Metric | Six Months Ended June 30, 2025 (RMB million) | | :--- | :--- | | Total Revenue | 1,039.4 | | Gross Profit | 223.6 | | Net Profit | 28.6 | | Net Profit Attributable to Company Shareholders | 23.9 | | Asset-Liability Ratio | 21.6% (down 2.7 percentage points from December 31, 2024) | | Interest-Bearing Debt | None | [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) Service revenue increased, but profit for the period declined due to higher expected credit losses and lower associate performance | Metric | Six Months Ended June 30, 2025 (RMB thousand) | Six Months Ended June 30, 2024 (RMB thousand) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Service Revenue | 1,039,446 | 974,488 | 6.7% | | Service Costs | (815,821) | (754,141) | 8.2% | | Gross Profit | 223,625 | 220,347 | 1.5% | | Impairment losses under expected credit loss model | (65,793) | (33,214) | 98.1% | | Share of results of associates | (1,623) | 105 | - | | Share of results of joint ventures | (979) | (31,599) | -96.9% | | Profit before tax | 44,280 | 46,417 | -4.6% | | Income tax expense | (15,702) | (13,314) | 17.9% | | Profit for the period | 28,578 | 33,103 | -13.7% | | Profit for the period attributable to owners of the Company | 23,892 | 24,380 | -2.0% | | Basic earnings per share (RMB cents) | 1.42 | 1.63 | -12.9% | [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) Total assets slightly decreased, but net current assets increased, with significantly reduced current liabilities and an improved current ratio, maintaining a robust capital structure | Metric | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Non-current Assets | 1,549,871 | 1,554,413 | -0.3% | | Current Assets | 4,254,996 | 4,362,381 | -2.5% | | Current Liabilities | 1,238,019 | 1,415,259 | -12.5% | | Net Current Assets | 3,016,977 | 2,947,122 | 2.4% | | Net Assets | 4,552,448 | 4,481,311 | 1.6% | | Total Equity | 4,552,448 | 4,481,311 | 1.6% | [Notes to the Condensed Consolidated Financial Statements](index=6&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) This section details the basis of preparation, principal accounting policies, revenue and segment information, taxation, dividends, earnings per share, and the composition and changes in major receivables and payables, providing supplementary information for understanding the financial statements - The condensed consolidated financial statements are prepared in accordance with Hong Kong Accounting Standard 34 and the disclosure requirements of the Listing Rules[10](index=10&type=chunk) - The application of amendments to Hong Kong Financial Reporting Standards had no material impact on the Group's financial position or performance[12](index=12&type=chunk) - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025[22](index=22&type=chunk) [1. Basis of Preparation](index=6&type=section&id=1.%20Basis%20of%20Preparation) The condensed consolidated financial statements are prepared in accordance with HKAS 34 "Interim Financial Reporting" and the disclosure requirements of the Listing Rules - Financial statements adhere to Hong Kong Accounting Standard 34 and Listing Rules[10](index=10&type=chunk) [2. Principal Accounting Policies](index=6&type=section&id=2.%20Principal%20Accounting%20Policies) The financial statements are prepared on a historical cost basis, except for investment properties and certain financial instruments measured at fair value, with no material impact from new HKFRS amendments applied this period - Financial statements are primarily prepared on a historical cost basis, with some financial instruments measured at fair value[11](index=11&type=chunk) - The first-time application of amendments to Hong Kong Financial Reporting Standards had no material impact on financial position, performance, or disclosures for the current and prior periods[12](index=12&type=chunk) [3. Revenue and Segment Information](index=7&type=section&id=3.%20Revenue%20and%20Segment%20Information) The Group's revenue primarily derives from property management services (lump sum and commission-based) and value-added services (online promotion, sales and leasing assistance, engineering services, and others), with property management services accounting for the vast majority of total revenue | Revenue Type | Period Ended June 30, 2025 (RMB thousand) | Period Ended June 30, 2024 (RMB thousand) | | :--- | :--- | :--- | | **Property Management Services** | | | | Lump Sum Basis | 985,018 | 910,208 | | Commission Basis | 9,022 | 19,634 | | **Value-Added Services** | | | | Online Promotion Services | 4,047 | 8,429 | | Sales and Leasing Assistance | 20,395 | 24,647 | | Engineering Services | 1,947 | 3,713 | | Other Value-Added Services | 19,017 | 7,857 | | **Total** | 1,039,446 | 974,488 | [4. Segment Information](index=9&type=section&id=4.%20Segment%20Information) The Group primarily provides property management and related services in China, with management reviewing the business as a single operating segment, and no single customer accounted for 10% or more of the Group's revenue in the current or prior periods, with most revenue and non-current assets located in China - The Group primarily provides property management and related services in China, with management reviewing the business as a single operating segment[15](index=15&type=chunk) - No single customer accounted for 10% or more of the Group's revenue[16](index=16&type=chunk) - As of June 30, 2025 and 2024, the Group's principal operating entities are located in China, and the majority of revenue and non-current assets are derived from China[17](index=17&type=chunk)[18](index=18&type=chunk) [5. Income Tax Expense](index=9&type=section&id=5.%20Income%20Tax%20Expense) For the six months ended June 30, 2025, the Group's income tax expense was RMB 15.7 million, an increase from RMB 13.3 million in the prior year period | Metric | Six Months Ended June 30, 2025 (RMB thousand) | Six Months Ended June 30, 2024 (RMB thousand) | | :--- | :--- | :--- | | Current Tax (PRC Enterprise Income Tax) | (19,946) | (14,372) | | Deferred Tax (credited to profit or loss) | 4,244 | 1,058 | | **Total Income Tax Expense** | (15,702) | (13,314) | [6. Profit for the Period](index=10&type=section&id=6.%20Profit%20for%20the%20Period) Profit for the period was influenced by factors such as staff costs, government grants, VAT exemptions, exchange gains/losses, and depreciation, with staff costs slightly increasing year-on-year and government grants and VAT exemptions decreasing | Item | Six Months Ended June 30, 2025 (RMB thousand) | Six Months Ended June 30, 2024 (RMB thousand) | | :--- | :--- | :--- | | Staff Costs | 318,091 | 314,889 | | Government Grants | (1,662) | (2,560) | | Partial Exemption from PRC VAT | (853) | (1,243) | | Net Exchange Losses / (Gains) | 845 | (85) | | Depreciation of Property, Plant and Equipment | 13,930 | 11,342 | | Depreciation of Right-of-Use Assets | 10,608 | 9,980 | [7. Dividends](index=10&type=section&id=7.%20Dividends) The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025 - The Board does not recommend the payment of an interim dividend for the first half of 2025[22](index=22&type=chunk) [8. Earnings Per Share](index=11&type=section&id=8.%20Earnings%20Per%20Share) As of June 30, 2025, basic and diluted earnings per share were RMB 1.42 cents, lower than RMB 1.63 cents in the prior year period, with 371,881,438 new shares issued through a rights issue during the period, raising approximately RMB 55.8 million | Metric | Six Months Ended June 30, 2025 (RMB cents) | Six Months Ended June 30, 2024 (RMB cents) | | :--- | :--- | :--- | | Basic Earnings Per Share | 1.42 | 1.63 | | Diluted Earnings Per Share | 1.42 | 1.63 | - During the period ended June 30, 2025, 371,881,438 new shares were issued through a rights issue, raising approximately **RMB 55.8 million** (net of issue costs)[26](index=26&type=chunk) [9. Trade Receivables](index=12&type=section&id=9.%20Trade%20Receivables) As of June 30, 2025, net trade receivables increased by 23.3% to RMB 923.0 million compared to December 31, 2024, primarily due to an increase in lump-sum managed communities and seasonal industry effects | Metric | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Trade Receivables (net of credit loss allowance) | 922,973 | 748,522 | 23.3% | - The increase in trade receivables is mainly due to an increase in communities managed under the lump-sum basis and seasonal effects in the property management industry, leading to higher outstanding property management fees[74](index=74&type=chunk) [10. Trade Payables](index=13&type=section&id=10.%20Trade%20Payables) As of June 30, 2025, trade payables decreased by 22.0% to RMB 390.2 million compared to December 31, 2024, primarily due to a shortened payment cycle to suppliers | Metric | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Trade Payables | 390,166 | 500,012 | -22.0% | - The decrease in trade payables is primarily due to the Group shortening its payment cycle to suppliers[76](index=76&type=chunk) [11. Comparative Figures](index=13&type=section&id=11.%20Comparative%20Figures) Certain comparative figures have been reclassified to align with the current period's presentation - Certain comparative figures have been reclassified to conform to the current period's presentation[29](index=29&type=chunk) [Management Discussion and Analysis](index=14&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an in-depth discussion of the Group's business model, development strategy, operational review, and financial position, highlighting its focus on smart community development, value-added services expansion through organic growth, and continuous cost optimization, alongside a robust capital structure with no interest-bearing debt [Business Model](index=14&type=section&id=Business%20Model) Colour Life Services Group, a leading property management and community service operator in China, leverages core property management services with internet, IoT, big data, and AI technologies to build smart community platforms, deliver efficient and high-quality services, foster vibrant community culture, and expand community consumption scenarios - The Group bases its operations on property management services, utilizing internet technology to build online and offline service platforms, efficiently connecting community residents with various goods and service providers[30](index=30&type=chunk) - The Group actively promotes smart community construction, embracing emerging technologies like IoT, big data, and AI, introducing smart device applications to enhance service quality and efficiency[31](index=31&type=chunk) - An automated, centralized, and standardized management system ensures excellent cost control while maintaining customer satisfaction, with a commitment to fostering a vibrant community atmosphere[32](index=32&type=chunk) - The Group actively develops "Cai Zhi Yun" (彩之云), an online community service platform, which, combined with offline customer manager services, integrates online and offline businesses to further expand its competitive advantage[33](index=33&type=chunk) [Business Development](index=16&type=section&id=Business%20Development) The Group expands through organic new appointments driven by reputation and brand, managing a total contracted GFA of 281.15 million square meters across 1,651 communities as of June 30, 2025, while actively exploring value-added community services like car insurance sales and the "Cai You Xuan" online shopping platform to enhance owner engagement - The Group focuses on organic new appointment expansion through reputation and brand, with total contracted GFA reaching **281.15 million square meters** and **1,651 communities** as of June 30, 2025[35](index=35&type=chunk)[41](index=41&type=chunk) - The Group continuously explores value-added service types in community scenarios, such as car insurance product sales and the "Cai You Xuan" online shopping platform, to increase interaction frequency and engagement between property management and owners[37](index=37&type=chunk) [Contracted Gross Floor Area and Number of Communities](index=19&type=section&id=Contracted%20Gross%20Floor%20Area%20and%20Number%20of%20Communities) As of June 30, 2025, the Group's total contracted GFA was 281.15 million square meters and the number of communities was 1,651, a decrease from December 31, 2024, primarily due to contract terminations | Metric | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Contracted Gross Floor Area (thousand square meters) | 281,147 | 306,817 | -25,670 | | Number of Communities | 1,651 | 1,759 | -108 | | Reason for Change | Contracted Gross Floor Area (thousand square meters) | Number of Communities | | :--- | :--- | :--- | | Beginning of Year | 306,817 | 1,759 | | New Appointments | 2,301 | 27 | | Acquisitions | – | – | | Terminations | (27,971) | (135) | | End of Period | 281,147 | 1,651 | - The decrease in contracted GFA and number of communities is primarily due to the Group not renewing certain property management contracts based on commercial considerations[43](index=43&type=chunk) [Business Overview](index=20&type=section&id=Business%20Overview) The Group's main businesses include property management services (lump sum and commission-based) and value-added services (online promotion, sales and leasing assistance, engineering services, and others), with property management services provided by over 24,789 on-site personnel, and value-added services delivered through online platforms, customer managers, and third-party collaborations - The Group has two main businesses: property management services (provided on a lump-sum and commission basis) and value-added services (online promotion, sales and leasing assistance, engineering services, and other value-added services)[44](index=44&type=chunk) - As of June 30, 2025, the Group employed over **24,789 on-site personnel** to provide property management services[45](index=45&type=chunk) - Value-added services are provided through the "Cai Zhi Yun" online platform, customer managers, and collaborations with third parties, offering diversified services including car park sales, community advertising space rental, engineering services (through subsidiaries Shenzhen Kaiyuan Tongji and Shenzhen Ancaihua), and other value-added services (shopping assistance, energy management, charging piles, direct drinking water, insurance brokerage, etc.)[50](index=50&type=chunk)[51](index=51&type=chunk)[52](index=52&type=chunk)[53](index=53&type=chunk)[55](index=55&type=chunk) [Scope of Property Management Services](index=21&type=section&id=Scope%20of%20Property%20Management%20Services) Property management services are categorized into lump-sum and commission-based arrangements, where under the lump-sum basis, the Group collects all property management fees and bears related expenses, while under the commission basis, the Group acts as an agent for owners, retaining an agreed percentage of fees for its services - Under the lump-sum basis, the Group is entitled to recognize all property management fees collected from owners as revenue and pays property management-related expenses from these fees[47](index=47&type=chunk) - Under the commission basis, the Group essentially acts as an agent for owners, entitled to retain an agreed percentage (generally **10%**) of the property management fees payable by owners as its revenue[48](index=48&type=chunk) [Scope of Value-Added Services](index=22&type=section&id=Scope%20of%20Value-Added%20Services) Value-added services include online promotion, sales and leasing assistance, engineering services, and other services, with online promotion via the "Cai Zhi Yun" platform, sales and leasing assistance covering property referrals and space rentals, engineering services provided by subsidiaries and driving smart community upgrades, and other services encompassing shopping assistance, energy management, charging piles, direct drinking water, and insurance brokerage - Online promotion services promote products or services to owners through the Group's "Cai Zhi Yun" online platform, earning commissions or information system software usage fees[51](index=51&type=chunk) - Sales and leasing assistance includes referring cases to third-party property agents, selling car parking spaces on behalf of owners, and assisting in renting out physical advertising spaces and additional storage spaces in communities[52](index=52&type=chunk) - Engineering services are provided by subsidiaries Shenzhen Kaiyuan Tongji and Shenzhen Ancaihua, continuously driving smart community upgrades based on internet technology, including hardware renovation, cloud system connectivity, and AI large model applications[53](index=53&type=chunk)[54](index=54&type=chunk) - Other value-added services include shopping assistance, energy management services, charging pile business, community direct drinking water business, insurance brokerage, and others[55](index=55&type=chunk) [Review and Analysis](index=24&type=section&id=Review%20and%20Analysis) This section reviews the Group's financial performance during the reporting period, noting a 6.7% year-on-year increase in total revenue driven by lump-sum property management services, a slight decrease in overall gross profit margin, and profit for the period affected by increased impairment losses and reduced commission-based business, while maintaining a healthy cash position, no interest-bearing debt, and an improved current ratio [Revenue](index=24&type=section&id=Revenue) The Group's total revenue increased by 6.7% year-on-year to RMB 1,039.4 million, primarily contributed by property management services, which accounted for 95.6% of total revenue | Revenue Type | 2025 (RMB thousand) | Share (%) | 2024 (RMB thousand) | Share (%) | Change (RMB thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Property Management Services | 994,040 | 95.6% | 929,842 | 95.4% | 64,198 | 6.9% | | Value-Added Services | 45,406 | 4.4% | 44,646 | 4.6% | 760 | 1.7% | | **Total Revenue** | 1,039,446 | 100% | 974,488 | 100.0% | 64,958 | 6.7% | [Property Management Services](index=25&type=section&id=Property%20Management%20Services) Property management service revenue increased by 6.9% year-on-year to RMB 994.0 million, with lump-sum services revenue growing by 8.2% due to increased managed communities and business expansion, while commission-based services revenue decreased by 54.0% mainly due to contract terminations | Revenue Type | 2025 (RMB thousand) | Share (%) | 2024 (RMB thousand) | Share (%) | Change (RMB thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Property management service fees on a lump-sum basis | 985,018 | 94.8% | 910,208 | 93.4% | 74,810 | 8.2% | | Property management service fees on a commission basis | 9,022 | 0.8% | 19,634 | 2.0% | (10,612) | (54.0%) | | **Total Property Management Service Fees** | 994,040 | 95.6% | 929,842 | 95.4% | 64,198 | 6.9% | - The increase in lump-sum property management service revenue is primarily due to an increase in communities managed under the lump-sum basis and business expansion through new appointments during the period[58](index=58&type=chunk) - The decrease in commission-based property management service revenue is mainly due to the termination of certain commission-based service contracts during the period[58](index=58&type=chunk) [Value-Added Services](index=26&type=section&id=Value-Added%20Services) Value-added service revenue increased by 1.7% year-on-year to RMB 45.4 million, with online promotion, sales and leasing assistance, and engineering services revenue all decreasing, while other value-added services revenue significantly grew by 142.0%, primarily driven by increased income from insurance brokerage, water dispensers, and charging pile businesses | Revenue Type | 2025 (RMB thousand) | Share (%) | 2024 (RMB thousand) | Share (%) | Change (RMB thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Online Promotion Services | 4,047 | 0.4% | 8,429 | 0.9% | (4,382) | (52.0%) | | Sales and Leasing Assistance | 20,395 | 2.0% | 24,647 | 2.5% | (4,252) | (17.3%) | | Engineering Services | 1,947 | 0.2% | 3,713 | 0.4% | (1,766) | (47.6%) | | Other Value-Added Services | 19,017 | 1.8% | 7,857 | 0.8% | 11,160 | 142.0% | | **Total Value-Added Service Fees** | 45,406 | 4.4% | 44,646 | 4.6% | 760 | 1.7% | - The significant increase in other value-added services revenue is primarily due to an increase of **RMB 5.0 million** in insurance brokerage income, **RMB 1.7 million** in new water dispenser income, and **RMB 1.5 million** in charging pile business income[63](index=63&type=chunk) [Cost of Services](index=27&type=section&id=Cost%20of%20Services) Cost of services increased by 8.2% year-on-year to RMB 815.8 million, primarily due to an increase in communities managed under the lump-sum basis and business expansion through new appointments | Metric | 2025 (RMB million) | 2024 (RMB million) | Change (%) | | :--- | :--- | :--- | :--- | | Cost of Services | 815.8 | 754.1 | 8.2% | - The increase in cost of services is primarily due to an increase in communities managed under the lump-sum basis and business expansion through new appointments during the period[60](index=60&type=chunk) [Gross Profit and Gross Profit Margin](index=27&type=section&id=Gross%20Profit%20and%20Gross%20Profit%20Margin) Overall gross profit increased by 1.5% year-on-year to RMB 223.6 million, but the overall gross profit margin decreased by 1.1 percentage points to 21.5%, with both property management services and value-added services experiencing slight declines in gross profit margin | Metric | 2025 (RMB million) | 2024 (RMB million) | Change (%) | | :--- | :--- | :--- | :--- | | Overall Gross Profit | 223.6 | 220.3 | 1.5% | | Overall Gross Profit Margin | 21.5% | 22.6% | -1.1 percentage points | - The gross profit margin for property management services decreased from **19.8%** in the prior year period to **18.9%** in the current period, mainly due to an increased proportion of revenue from lump-sum property management services, which have lower gross profit margins, and a decreased proportion of revenue from commission-based property management services, which have higher gross profit margins[64](index=64&type=chunk) - The gross profit margin for value-added services decreased from **81.5%** in the prior year period to **78.3%** in the current period[65](index=65&type=chunk) [Other Gains and Losses](index=28&type=section&id=Other%20Gains%20and%20Losses) Other losses of approximately RMB 5.0 million were recorded in the current period, an increase of approximately RMB 2.5 million compared to other losses of approximately RMB 2.5 million in the prior year period | Metric | 2025 (RMB million) | 2024 (RMB million) | Change (RMB million) | | :--- | :--- | :--- | :--- | | Other Losses | 5.0 | 2.5 | 2.5 (increase in loss) | [Other Income](index=28&type=section&id=Other%20Income) Other income for the current period was approximately RMB 9.8 million, a decrease of approximately RMB 1.2 million compared to approximately RMB 11.0 million in the prior year period | Metric | 2025 (RMB million) | 2024 (RMB million) | Change (RMB million) | | :--- | :--- | :--- | :--- | | Other Income | 9.8 | 11.0 | -1.2 | [Selling and Distribution Expenses](index=29&type=section&id=Selling%20and%20Distribution%20Expenses) Selling and distribution expenses were approximately RMB 2.2 million, an increase of approximately RMB 0.2 million compared to approximately RMB 2.0 million in the prior year period | Metric | 2025 (RMB million) | 2024 (RMB million) | Change (RMB million) | | :--- | :--- | :--- | :--- | | Selling and Distribution Expenses | 2.2 | 2.0 | 0.2 | [Administrative Expenses](index=29&type=section&id=Administrative%20Expenses) Administrative expenses were approximately RMB 111.8 million, a decrease of approximately RMB 1.3 million or 1.1% compared to approximately RMB 113.1 million in the prior year period | Metric | 2025 (RMB million) | 2024 (RMB million) | Change (RMB million) | | :--- | :--- | :--- | :--- | | Administrative Expenses | 111.8 | 113.1 | -1.3 | [Finance Costs](index=29&type=section&id=Finance%20Costs) Finance costs were approximately RMB 1.1 million, a decrease of approximately RMB 0.1 million compared to approximately RMB 1.2 million in the prior year period, primarily from lease liabilities | Metric | 2025 (RMB million) | 2024 (RMB million) | Change (RMB million) | | :--- | :--- | :--- | :--- | | Finance Costs | 1.1 | 1.2 | -0.1 | - Finance costs for the period arose from lease liabilities[70](index=70&type=chunk) [Income Tax Expense](index=29&type=section&id=Income%20Tax%20Expense) Income tax expense was approximately RMB 15.7 million, an increase of approximately RMB 2.4 million compared to approximately RMB 13.3 million in the prior year period | Metric | 2025 (RMB million) | 2024 (RMB million) | Change (RMB million) | | :--- | :--- | :--- | :--- | | Income Tax Expense | 15.7 | 13.3 | 2.4 | [Goodwill](index=29&type=section&id=Goodwill) As of June 30, 2025, the carrying amount of goodwill was approximately RMB 880.3 million, consistent with December 31, 2024 | Metric | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | | :--- | :--- | :--- | | Goodwill | 880.3 | 880.3 | [Bank Balances and Cash](index=30&type=section&id=Bank%20Balances%20and%20Cash) As of June 30, 2025, the Group's total cash balance was approximately RMB 778.5 million, a decrease of approximately 21.7% from approximately RMB 994.1 million as of December 31, 2024 | Metric | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | Change (%) | | :--- | :--- | :--- | :--- | | Bank Balances and Cash | 778.5 | 994.1 | -21.7% | [Trade and Other Receivables and Prepayments](index=30&type=section&id=Trade%20and%20Other%20Receivables%20and%20Prepayments) Net trade receivables increased by 23.3% to RMB 923.0 million, primarily due to an increase in lump-sum managed communities and seasonal effects, while other receivables and prepayments increased by 5.8% to RMB 1,624.2 million | Metric | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | Change (%) | | :--- | :--- | :--- | :--- | | Trade Receivables (net of credit loss allowance) | 923.0 | 748.5 | 23.3% | | Other Receivables and Prepayments | 1,624.2 | 1,535.8 | 5.8% | - The increase in trade receivables is primarily due to an increase in communities managed under the lump-sum basis during the period, and the seasonal nature of the property management industry, where collections in the second half of the year are generally better than the first half[74](index=74&type=chunk) [Payments/Receipts on Behalf of Residents](index=31&type=section&id=Payments%2FReceipts%20on%20Behalf%20of%20Residents) Payments/receipts on behalf of residents refer to the current accounts of property management offices in residential communities managed by the Group on a commission basis, reflecting whether expenses paid by the Group exceed property management fees collected from residents, or vice versa - Payments/receipts on behalf of residents refer to the current accounts of property management offices in residential communities managed by the Group on a commission basis, reflecting whether expenses paid by the Group exceed property management fees collected from residents, or vice versa[75](index=75&type=chunk) [Trade and Other Payables and Accruals](index=31&type=section&id=Trade%20and%20Other%20Payables%20and%20Accruals) Trade payables decreased by 22.0% to RMB 390.2 million, mainly due to a shortened payment cycle, while other payables and accruals decreased to RMB 164.2 million, primarily due to reduced staff costs payable and amounts due to third parties | Metric | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | Change (%) | | :--- | :--- | :--- | :--- | | Trade Payables | 390.2 | 500.0 | -22.0% | | Other Payables and Accruals | 164.2 | 217.2 | -24.4% | - The decrease in trade payables is primarily due to the Group shortening its payment cycle to suppliers[76](index=76&type=chunk) - The decrease in other payables and accruals is mainly due to a reduction in staff costs payable and amounts due to third parties[76](index=76&type=chunk) [Share Capital](index=32&type=section&id=Share%20Capital) As of June 30, 2025, the total number of issued shares increased to 1,859,407,192 shares, and share capital increased to RMB 155.1 million, primarily due to the rights issue of 371,881,438 new shares, raising net proceeds of approximately HK$60.36 million for general working capital, AI technology application, and value-added services development | Metric | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Total Number of Issued Shares | 1,859,407,192 shares | 1,487,525,754 shares | 371,881,438 shares | | Share Capital (RMB million) | 155.1 | 120.8 | 34.3 | - The Company issued a total of **371,881,438 rights shares** with a total par value of **HK$37,188,143.8**, raising net proceeds of approximately **HK$60.36 million**[78](index=78&type=chunk) | Use of Net Proceeds from Rights Issue | Proportion | Net Proceeds (HK$ million) | Utilized During Period (HK$ million) | Unutilized (HK$ million) | Expected Timeline | | :--- | :--- | :--- | :--- | :--- | :--- | | General working capital | 40% | 24.144 | 24.144 | – | N/A | | Application of AI technology in the Group's community operations and big data construction to improve service efficiency | 20% | 12.072 | 9.779 | 2.293 | End of 2025 | | Development of the Group's community value-added services | 20% | 12.072 | 4.775 | 7.297 | End of 2025 | | Working capital reserve | 20% | 12.072 | 12.072 | – | N/A | | **Total** | 100.0% | 60.36 | 50.77 | 9.59 | | [Cash Position](index=33&type=section&id=Cash%20Position) As of June 30, 2025, the Group's total cash (including pledged bank deposits) was RMB 842.4 million, a decrease of approximately 19.7% from December 31, 2024, with the current ratio improving to 3.4 times | Metric | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | Change (%) | | :--- | :--- | :--- | :--- | | Total Cash (including pledged bank deposits) | 842.4 | 1,049.2 | -19.7% | | Current Ratio | 3.4 times | 3.1 times | 0.3 times | [Net Debt to Equity Ratio](index=33&type=section&id=Net%20Debt%20to%20Equity%20Ratio) As of June 30, 2025, the Group had repaid all interest-bearing debt, thus no net debt to equity ratio is presented - As of June 30, 2025, total bank balances and cash, and pledged/restricted bank deposits amounted to **RMB 842.4 million**, with all interest-bearing debt repaid, hence no net debt to equity ratio is presented as of June 30, 2025[81](index=81&type=chunk) [Exchange Rate Risk](index=34&type=section&id=Exchange%20Rate%20Risk) The Group primarily operates in China and does not have any other significant direct foreign exchange fluctuation risks - The Group primarily operates in China and does not have any other significant direct foreign exchange fluctuation risks[82](index=82&type=chunk) [Employees and Remuneration Policy](index=34&type=section&id=Employees%20and%20Remuneration%20Policy) As of June 30, 2025, the Group had approximately 9,463 employees, a decrease from December 31, 2024, with remuneration determined based on employee performance, skills, qualifications, experience, and industry practice, offering MPF/pension schemes and discretionary bonuses | Metric | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Number of Employees | 9,463 employees | 10,191 employees | -728 employees | - Remuneration is determined with reference to employee performance, skills, qualifications, experience, and prevailing industry practices; other employee benefits include contributions to Mandatory Provident Fund (for Hong Kong employees) and state-managed retirement schemes (for PRC employees), as well as discretionary bonus schemes[83](index=83&type=chunk) [Material Investments](index=34&type=section&id=Material%20Investments) As of June 30, 2025, the Group had no material investments - As of June 30, 2025, the Group had no material investments[84](index=84&type=chunk) [Pledge of the Group's Assets](index=34&type=section&id=Pledge%20of%20the%20Group's%20Assets) As of June 30, 2025, the Group had no material pledge of assets - As of June 30, 2025, the Group had no material pledge of assets[85](index=85&type=chunk) [Contingent Liabilities](index=34&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no material contingent liabilities - As of June 30, 2025, the Group had no material contingent liabilities[86](index=86&type=chunk) [Material Acquisitions and Disposals of Subsidiaries, Associates and Joint Ventures](index=34&type=section&id=Material%20Acquisitions%20and%20Disposals%20of%20Subsidiaries%2C%20Associates%20and%20Joint%20Ventures) For the six months ended June 30, 2025, the Group had no material acquisitions or disposals of subsidiaries, associates, or joint ventures - For the six months ended June 30, 2025, the Group had no material acquisitions or disposals of subsidiaries, associates, or joint ventures[87](index=87&type=chunk) [Future Plans for Material Investments or Capital Assets and Expected Sources of Funding](index=35&type=section&id=Future%20Plans%20for%20Material%20Investments%20or%20Capital%20Assets%20and%20Expected%20Sources%20of%20Funding) As of June 30, 2025, the Group had no material investment or capital asset plans - As of June 30, 2025, the Group had no material investment or capital asset plans[88](index=88&type=chunk) [Dividends](index=35&type=section&id=Dividends) The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025 - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025[89](index=89&type=chunk) [Corporate Governance Code](index=35&type=section&id=Corporate%20Governance%20Code) The Company has adopted the Corporate Governance Code as set out in Appendix C1 of the Listing Rules; during the reporting period, the Company briefly failed to comply with several Listing Rules requirements due to the resignation of an independent non-executive director but regained compliance upon the appointment of a new director on August 15, 2025 - The Company has adopted all code provisions of the Corporate Governance Code as set out in Appendix C1 of the Listing Rules[90](index=90&type=chunk) - From June 4, 2025, due to the resignation of Mr. Zhang Yue as an independent non-executive director, the Company failed to comply with several Listing Rules requirements, including the number of independent non-executive directors, the composition of the audit committee, the chairman of the remuneration committee, and the composition of the nomination committee[90](index=90&type=chunk) - The Company regained compliance with the above requirements upon the appointment of Mr. Li Xinhu as an independent non-executive director on August 15, 2025[90](index=90&type=chunk) [Standard Code for Securities Transactions by Directors](index=36&type=section&id=Standard%20Code%20for%20Securities%20Transactions%20by%20Directors) The Company has adopted the Standard Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix C3 of the Listing Rules, and all directors have confirmed compliance with this code during the reporting period - The Company has adopted the Standard Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix C3 of the Listing Rules as its own code of conduct regarding directors' securities transactions[92](index=92&type=chunk) - The Company has made specific enquiries to all directors, and all directors have confirmed their compliance with the Standard Code for the six months ended June 30, 2025[92](index=92&type=chunk) [Review of Interim Results](index=36&type=section&id=Review%20of%20Interim%20Results) The interim results for the six months ended June 30, 2025, have been reviewed by the Audit Committee, comprising three independent non-executive directors - The Company's interim results for the six months ended June 30, 2025, have been reviewed by the Audit Committee, which comprises three independent non-executive directors[93](index=93&type=chunk) [Publication of Interim Results Announcement and Interim Report](index=36&type=section&id=Publication%20of%20Interim%20Results%20Announcement%20and%20Interim%20Report) This announcement has been published on the HKEXnews website and the Company's website, and the 2025 interim report will be published on these websites and dispatched to the Company's shareholders in due course - This announcement is published on the HKEXnews website (www.hkexnews.hk) and the Company's website (www.colourlife.hk)[94](index=94&type=chunk) - The Company's 2025 interim report will be published on the aforementioned websites and dispatched to the Company's shareholders in due course[94](index=94&type=chunk)

Core Viewpoint - Ford China showcased its full range of "Wild" products at the 2025 Chengdu International Auto Show, introducing an outdoor theme park to highlight its brand appeal with immersive experiences [1][24][35] Group 1: Product Launch - The Ford "Intelligent Fun Mustang," the first all-terrain camping SUV, made its global debut at the auto show [1][3] - The vehicle is built on the "Ford Domain" native intelligent new energy technology architecture, offering a comprehensive solution for outdoor living [4][12] Group 2: Features and Capabilities - The Intelligent Fun Mustang features a pure electric range of over 200 kilometers for the extended range version, enabling efficient commuting with zero fuel consumption [4] - It boasts a maximum comprehensive range of over 1200 kilometers and a battery capacity of 105 kWh for the pure electric version, with a maximum range of 650 kilometers [12] - The vehicle includes advanced driving assistance systems with over 30 sensors and dual Orin X chips, supporting both highway and urban navigation assistance [7] Group 3: Outdoor Experience - The Intelligent Fun Mustang can transform into a mobile kitchen with a 6 kW external discharge capability, allowing for outdoor cooking [12] - It features a unique elevating roof design, providing an additional 36 cm of headroom for a comfortable camping experience [18][20] - The vehicle's seating can convert into a flat sleeping area with a one-button operation, enhancing comfort for overnight stays [20] Group 4: Brand Strategy - Ford China aims to deepen its strategy in China, focusing on user needs and expanding its "Wild" product matrix, covering both fuel and new energy vehicles [33] - The company plans to enhance outdoor lifestyle experiences through community engagement and outdoor parks, promoting a unique cultural identity [33][35]

Core Insights - The recent event highlighted the launch of DingTalk 8.0, with CEO Wu Zhao emphasizing a fresh approach after a four-month preparation period [1] - DingTalk has served 2,600 enterprises over the past decade, with 79% of A-share listed companies utilizing the platform and 1.41 million AI applications deployed [3] Group 1 - The first task undertaken by DingTalk was to redesign the platform, focusing on simplicity, efficiency, and user-centric design [5] - New features introduced include DingTalk ONE (AI secretary), DingTalk A1 (the first smart dictation AI hardware), DingTalk AI search, and AI forms [5] - Wu Zhao addressed concerns about work-life balance, stating that DingTalk is not just about work but also about enjoying life [5] Group 2 - Wu Zhao shared insights from his entrepreneurial journey, contrasting his past experiences with the current startup environment, emphasizing cost-saving measures [9] - There were rumors regarding late-night work culture at DingTalk, which the company denied, asserting that the CEO adheres to normal working hours [9]

Group 1 - The board meeting of the company is scheduled for August 29, 2025, to discuss and potentially approve the interim results for the six months ending June 30, 2025, and the distribution of an interim dividend, if any [1]

香港交易及結算所有限公司以及香港聯合交易所有限公司對本公告之內容概 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，概不會就因本 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之任何損失承擔任 何責任。 COLOUR LIFE SERVICES GROUP CO., LIMITED 彩生活服務集團有限公 司 （於開曼群島註冊成立的有限公司） （股份代號：1778） 承董事會命 彩生活服務集團有限公司 主席 劉宏才 香港，2025年8月19日 於本公告日期，本公司董事會包括執行董事劉宏才先生及楊瀾女士；非執行 董事朱晉東先生、Timothy David Gildner先生及沙鋒先生；以及獨立非執行董 事李恩輝先生、李鑫華先生及俞珊女士。 董事會會議通告 彩生活服務集團有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事 （「董事」）會（「董事會」）謹此宣佈，董事會會議將於2025年8月29日（星期五）舉 行，以（其中包括）商討及酌情批准本集團截至2025年6月30日止六個月之中期 業績及派發中期股息（如有）。 ...