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。 Xinyuan Property Management Service (Cayman) Ltd. 鑫苑物業服務集團有限公司 ( 於開曼群島註冊成立之有限公司 ) 承董事會命 鑫苑物業服務集團有限公司 主席、執行董事兼行政總裁 申元慶 香港，2025年8月18日 於本公告日期，董事會包括執行董事申元慶先生、馮波先生及王勇先生；非執行董事 田文智先生；以及獨立非執行董事李軼梵先生、藍燁先生、凌晨凱先生及趙霞女士。 (股份代號: 1895) 董事會會議通告 鑫苑物業服務集團有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於 2025年8月28日(星期四)舉行董事會會議，藉以（其中包括）考慮及批准本公司及其 附屬公司截至2025年6月30日止六個月的未經審核中期業績及其刊發，以及考慮派發中 期股息（如有）。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 附 註： 普 通 決 議 案 全 文 載 於 股 東 特 別 大 會 通 告。 截 至 股 東 特 別 大 會 當 日，本 公 司 已 發 行 股 份 總 數 為593,037,500股且並未持有任 何 庫 存 股 份（包 括 任 何 持 有 或 存 放 於 由 香 港 中 央 結 算 有 限 公 司 設 立 及 運 作 之 中 央 結 算 及 交 收 系 統 的 庫 存 股 份）。誠 如 該 通 函 所 披 露，以 下 股 東 須 就 於 股 東 特 別 大 會 上 提 呈 的 決 議 案 放 棄 投 票，並 已 放 棄 投 票：(i)鑫 苑 地 產 有 限 公 司（鑫 苑 地 產 控 股 全 資 附 屬 公 司）直 接 及 實 益 持 有255,402,000股 股 份，佔 已 發 行 股 份 總 數 的 約43.07%；(ii) Victor ...

致：香港交易及結算所有限公司 公司名稱: 鑫苑物業服務集團有限公司 呈交日期: 2025年8月6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) | 01895 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 38,000,000,000 | HKD | | 0.00001 | HKD | | 380,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | 38,000,000,000 | HKD | | 0.00001 | HKD | | 380,000 | 本月底法定/註冊股本總額： HKD 380,000 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態 ...

Financial Performance - In 2024, the company's operating revenue reached 868.87 million, a year-on-year increase of 16%[19] - Net profit increased by 212% year-on-year, with a net profit margin of 10.2%[18] - The gross profit margin was 28.2%, significantly exceeding the industry average[19] - Revenue from property management services for 2024 was RMB 570.5 million, a rise of 6.7% from RMB 534.8 million in 2023[45] - The company's profit attributable to shareholders for the year was RMB 87.0 million, an increase of RMB 58.9 million or 209.6% compared to last year's profit of RMB 28.1 million. Basic earnings per share rose to RMB 15.08 from RMB 4.96[73] - The gross profit for the year was RMB 245.0 million, a 1.5% increase from RMB 241.3 million in 2023, with a gross margin decline from 32.2% to 28.2%[67] - The revenue from non-residential properties was RMB 119.4 million in 2024, maintaining a 21% share of total revenue[48] - Property management services accounted for 65.7% of total revenue in 2024, generating RMB 570.5 million, while value-added services contributed 23.5% with RMB 203.9 million[65] Growth and Expansion - Community value-added service revenue grew by 76% year-on-year, with innovative businesses like rental and home services achieving exponential growth[20] - The total contracted area reached 64.55 million square meters, and the managed area reached 40.13 million square meters, both increasing by approximately 17%[21] - The company expanded its property management services to cover 65 cities in China, serving over 300,000 households with a managed area of 40.1 million square meters and a contracted area of 64.6 million square meters[27] - In 2024, the company signed new contracts covering an area of 14.3 million square meters and added 8.4 million square meters to its managed area, achieving a historical high in scale expansion[27] - The company is focusing on three growth curves: management services, scenario value-added services, and technology empowerment, to drive overall business development[25] - The company plans to expand its service offerings beyond residential to include non-residential and public construction sectors, enhancing its market presence[60] Operational Efficiency and Technology - The company upgraded its XinMeta platform to enhance digital solutions for property management, focusing on improving operational efficiency and service quality through technology[28] - The company aims to enhance operational efficiency and business scale through data-driven operations and technology integration in property management[59] - The company is enhancing its SCRM products and providing SaaS services to small and medium-sized property enterprises, promoting digital transformation in the industry[28] Corporate Governance - The public shareholder ownership ratio increased to 40.54%, enhancing corporate governance structure[17] - The company successfully cleared historical legacy issues, establishing a three-tier isolation mechanism for business, finance, and governance[17] - The company emphasizes high-level corporate governance, believing that good governance practices are crucial for sustainable growth and protecting shareholder interests[131] - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange listing rules and has complied with all provisions except for the separation of the roles of Chairman and CEO[132] - The board consists of eight members, including three executive directors, one non-executive director, and four independent non-executive directors[136] Leadership and Management - The company has a strong leadership team with members holding advanced degrees from prestigious institutions, including Northwestern University and Tsinghua University[111][112] - The management team has a diverse background in finance, technology, and consulting, enhancing the company's strategic capabilities[110][115] - The company is committed to digital transformation and operational improvement, leveraging the expertise of its senior management team[121] - The company’s management team includes professionals with diverse backgrounds, enhancing its operational capabilities and strategic direction[127] Internal Controls and Audit - The Audit Committee held six meetings during the year ending December 31, 2024, focusing on financial monitoring, internal controls, and risk management systems[168] - The company engaged Deloitte Consulting for an additional review of its internal control system in October 2023, with a follow-up review scheduled for January 2025[176] - The company plans to adopt preventive measures to strengthen its internal control environment, including appointing an independent internal control consultant for annual reviews[178] - The board confirmed that all internal control measures and policies proposed by Deloitte have been adopted, with no significant deficiencies identified in the internal control system as of the report date[180] Employee and Workforce - The company employed 2,166 staff as of December 31, 2024, compared to 1,741 staff a year earlier, reflecting a growth in workforce[90] - As of December 31, 2024, the group has 2,166 employees, with 977 female employees, representing 45.1% of the workforce[157] - The company plans to further increase the proportion of female employees over time[157] Shareholder and Financial Policies - The company has established a dividend policy where the payout ratio is determined by the board, considering various factors including current and future financial performance[189] - The board's recommendation for dividend payment must be approved by shareholders, and any final dividend declaration is subject to legal and regulatory restrictions[190] - The company proposed a final dividend of HKD 0.0273 per share for the year ending December 31, 2024, compared to no dividend in 2023[198] Strategic Investments and Funding - The company has a strong focus on strategic investments and mergers, with Mr. Tang leading the multi-business division since April 2023, having extensive experience in strategic and investment roles[124] - The company plans to invest in technology-related businesses and develop innovative applications related to its operations[104] - The company aims to enhance its financial position and broaden its shareholder base through the 2021 placement and subscription[98]

Financial Performance - Total revenue for the year ended December 31, 2024, increased by approximately 15.9% to approximately RMB 868.9 million from RMB 749.6 million for the year ended December 31, 2023[2]. - Profit attributable to owners of the company rose by 209.6% to approximately RMB 87.0 million, compared to RMB 28.1 million for the previous year[2]. - Basic earnings per share increased by 204.0% to approximately RMB 15.08 from RMB 4.96 in the prior year[2]. - The company reported a total comprehensive income of RMB 88.640 million for the year ended December 31, 2024, compared to RMB 28.413 million in 2023[4]. - The group reported a pre-tax profit of RMB 36,172,000 for the year, a significant increase from RMB 11,781,000 in 2023[24]. - Net profit for the year was RMB 88.6 million, a significant increase of 212.0% from RMB 28.4 million in the previous year, driven by growth in managed area[86]. Revenue Breakdown - Revenue from property management services was RMB 570,548,000 in 2024, up from RMB 534,791,000 in 2023, indicating a growth of about 6.7%[20]. - Revenue from value-added services surged to RMB 203,863,000 in 2024, compared to RMB 115,852,000 in 2023, reflecting an increase of approximately 76%[20]. - Property management services generated revenue of RMB 570.5 million, accounting for 65.7% of total revenue, compared to RMB 534.8 million or 71.3% in 2023[80]. - Value-added services revenue reached 203.9 million RMB, a 76% increase year-on-year, with significant contributions from space resource management and home living services[67][68]. - Pre-delivery and consulting services revenue decreased by 53.8% to RMB 11.3 million, down from RMB 24.3 million in 2023[70][80]. Expenses and Liabilities - Administrative expenses increased to RMB 93.130 million from RMB 81.749 million in the previous year[3]. - The total income tax expense for the year was RMB 3,699,000, a decrease of 91% compared to RMB 40,831,000 in 2023[27]. - The group’s total liabilities related to property management services and consulting services were not disclosed but are critical for assessing financial health[22]. - The company’s total liabilities decreased slightly to RMB 249,630,000 in 2024 from RMB 245,298,000 in 2023, indicating a marginal reduction[35]. Assets and Investments - Non-current assets increased to RMB 240.884 million in 2024 from RMB 130.014 million in 2023, driven by investments in property and equipment[5]. - Total assets less current liabilities rose to RMB 628.366 million in 2024, compared to RMB 554.683 million in 2023[6]. - Total current assets reached RMB 1,039.8 million, a 10.0% increase from RMB 945.4 million as of December 31, 2023, mainly due to increased receivables[87]. Shareholder Returns - The board proposed a final dividend of HKD 0.0273 per share, with total dividends for 2024 amounting to approximately RMB 44.5 million[2]. - The company proposed a final dividend of HKD 0.0273 per share, totaling approximately HKD 16,190,000 (equivalent to RMB 14,952,000) for the year[33]. - The board proposed a final dividend of HKD 2.73 per share for the year ending December 31, 2024, compared to no dividend in 2023[115]. Corporate Governance and Compliance - The company is registered in the Cayman Islands and its shares are listed on the Hong Kong Stock Exchange since November 16, 2022, but trading has been suspended since that date[7]. - The consolidated financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) and presented in Renminbi (RMB), with amounts rounded to the nearest thousand RMB[9]. - The company has adhered to the corporate governance code and has not deviated from the standards set for directors' securities trading[119]. - The audit committee has reviewed the accounting principles and policies adopted by the group for the year ending December 31, 2024[122]. Strategic Initiatives - The company has implemented a quality growth strategy, ensuring project cooperation aligns with its evaluation model to maintain operational quality[58]. - The company plans to build a community service ecosystem through data-driven operations and cross-business growth strategies[77]. - The group aims to enhance operational efficiency and business scale through data-driven management and technological integration[74]. - The company is focused on developing value-added services related to community, business office, and urban management[113]. Employee and Operational Metrics - The group employed 2,166 employees as of December 31, 2024, an increase from 1,741 employees as of December 31, 2023[103]. - The company has expanded its property management services to cover 65 cities in China, serving over 300,000 households[54]. - The company signed new contracts covering an area of 14.274 million square meters in 2024, compared to 5.200 million square meters in 2023, marking a significant increase of 174.4%[59]. Market Position and Customer Base - The company has no major customers contributing over 10% of total revenue for the year, indicating a diversified customer base[20]. - The Central China region accounted for 56% of total revenue, with 322,176 thousand RMB generated from 21,084 thousand square meters managed area[62]. - Third-party projects contributed 59.1% of the managed area and 66.7% of the contracted area as of December 31, 2024[63].

题目：48 家物业股上涨，25 家跑赢恒生指数，鑫苑服务涨幅最大 本月摘要 资本市场动态： 9 月恒生指数报收 21133.68 点，上涨 17.48%，共上涨 3144.51 点。 9 月，港股物业服务企业共有 48 家出现上涨，28 家企业跑赢恒生指数，鑫苑服务涨幅 最大，为 58.28%，永升服务上涨 54.74%，位列本月涨幅第二位。 -40% -20% 0% 20% 40% 60% 80% 鑫苑服务 合景悠活 碧桂园服务 远洋服务 彩生活 雅生活服务 融创服务 中海物业 奥克斯国际 恒大物业 宝龙商业 方圆生活服务 东原仁知服务 滨江服务 兴业物联 星盛商业 祈福生活服务 卓越商企服务 康桥悦生活 领悦服务集团 第一服务控股 泓盈城市服务 苏新服务 建业新生活 弘阳服务 和泓服务 佳源服务 朗诗绿色生活 宋都服务 正荣服务 荣万家 9月上市物业服务企业走势情况 区间涨跌幅 恒生指数本月涨跌幅 新增项目与招标信息 9 月，全国重点城市新增土地项目数 5182 个，规划建筑面积 21593.33 万平方米。其 中，新增住宅项目 958 个，商业办公项目 907 个，工业项目 2585 个，其他类项目 7 ...

鑫 苑 物 業 服 務 集 團 有 限 公 司 Xinyuan Property Management Service (Cayman) Ltd. (於開曼群島註冊成立之有限公司) (股份代號：1895) D p D 0 l D U n u 5 FSC 混合產品 FSC® C120915 鑫苑物業服務集團有限公司 目錄 | --- | --- | |-------|------------------------| | | | | 02 | 公司資料 | | 04 | 管理層討論與分析 | | 32 | 其他資料 | | 38 | 中期簡明綜合損益及 | | | 其他全面收益表 | | 39 | 中期簡明綜合財務狀況表 | | 41 | 中期簡明綜合權益變動表 | | 42 | 中期簡明綜合現金流量表 | | | | 中期簡明綜合財務資料附註 44 01 2024 中期報告 曹炳昌先生 公司資料 | --- | --- | |----------------------------------------------|------------------------------------------| | ...

Financial Performance - Total revenue for the six months ended June 30, 2024, increased by approximately 21.1% to approximately RMB 405.4 million from RMB 334.8 million for the same period in 2023[1] - Gross profit for the six months ended June 30, 2024, rose by approximately 4.7% to approximately RMB 132.2 million from RMB 126.3 million for the same period in 2023[1] - Profit attributable to equity holders of the company increased by approximately 25.1% to approximately RMB 50.9 million from RMB 40.7 million for the same period in 2023[1] - Net profit for the six months ended June 30, 2024, rose by 25.8% to approximately RMB 52.7 million from RMB 41.9 million for the same period in 2023[34] - The group reported a cost of services provided amounting to RMB 273,182 thousand for the six months ended June 30, 2024, compared to RMB 208,545 thousand for the same period in 2023, reflecting an increase of approximately 31%[15] Revenue Breakdown - Property management services generated revenue of RMB 278,610,000, up from RMB 252,134,000, reflecting a growth of 10.5% year-over-year[11] - Value-added services revenue increased significantly to RMB 83,051,000, compared to RMB 53,068,000, representing a growth of 56.5%[11] - The revenue from property engineering services rose to RMB 36,757,000, up from RMB 18,654,000, marking a growth of 96.7%[11] - Revenue from residential properties constituted 80.1% of total management service revenue, amounting to 223,144 thousand RMB in the first half of 2024[47] - The management service revenue from independent third-party projects was 90,164 thousand RMB, accounting for 32.4% of total revenue in the first half of 2024[44] Assets and Liabilities - Total non-current assets as of June 30, 2024, were RMB 267.3 million, compared to RMB 130.0 million as of December 31, 2023[3] - Current assets as of June 30, 2024, totaled RMB 975.1 million, an increase from RMB 945.4 million as of December 31, 2023[3] - Total liabilities increased to RMB 654.8 million as of June 30, 2024, from RMB 520.8 million as of December 31, 2023[3] - The net asset value as of June 30, 2024, was RMB 320.3 million, down from RMB 424.7 million as of December 31, 2023[3] - The company’s equity attributable to owners increased to RMB 569.5 million as of June 30, 2024, from RMB 538.6 million as of December 31, 2023[4] Dividends and Shareholder Returns - The board proposed an interim dividend of HKD 0.0552 per ordinary share for the six months ended June 30, 2024[1] - The company proposed an interim dividend of approximately HKD 5.52 per share, totaling around HKD 32,778,000 (equivalent to RMB 30,000,000) for the six months ended June 30, 2024[21] Operational Highlights - The company has completed the construction of 342 units in the property development project as of June 30, 2024, but the transfer certificates have not yet been provided[24] - The company has entered into agreements to extend the cooperation period for parking space sales until December 31, 2023, with specific sales milestones outlined[25] - The company has successfully signed three new commercial projects in the first half of 2024, contributing to its market expansion strategy[35] - The company has implemented a "one city, one policy" expansion strategy, achieving breakthroughs in both regional and business types[38] Cost and Expenses - Employee benefit expenses, including salaries and retirement plan contributions, totaled RMB 117,131 thousand for the six months ended June 30, 2024, up from RMB 88,923 thousand in 2023, representing a year-over-year increase of about 32%[15] - Administrative expenses increased by 28.1% to RMB 54.2 million, accounting for 13.4% of revenue, up from 12.6% in 2023, primarily due to increased personnel costs related to business development[66] Impairments and Provisions - The group recognized a trade receivables impairment provision of RMB 48,450 thousand for the six months ended June 30, 2024, compared to RMB 13,145 thousand in 2023, marking a significant increase of approximately 269%[15] - The company recognized an impairment provision of RMB 5.667 million for trade receivables as of June 30, 2024, unchanged from December 31, 2023[29] Corporate Governance - The company has adhered to all corporate governance code provisions from January 1 to June 30, 2024, except for the separation of roles between the Chairman and CEO, which is deemed beneficial for operational efficiency[98] - The company has adopted a code of conduct for directors regarding securities trading, confirming compliance from January 1 to June 30, 2024[99] Future Plans and Strategies - The company aims to enhance operational efficiency and business scale through data-driven operations and technology integration[56] - The company is focused on becoming a leading service provider in the large property management industry, leveraging digital twin technology[56] - The company plans to expand its property management, value-added services, and property engineering business through acquisitions or investments in related companies[88]

Receivables and Credit Losses - As of December 31, 2022, the total receivables from related parties amounted to RMB 944,755,000, with an expected credit loss of RMB 458,555,000[11]. - The expected credit loss for receivables from related parties includes RMB 200,565,000 related to other receivables, which were confirmed as non-recoverable[4]. - The company has adopted a default rate of 63.56% and a recovery rate of 22.30% for calculating expected credit losses[6]. - The total expected credit loss is calculated using the formula: expected credit loss = exposure at default x default probability x loss given default[6]. - The company has recognized a provision for expected credit losses of RMB 27,375,000 for loans granted to a related party[11]. - Trade receivables amounted to RMB 234,523,000, with an expected credit loss of RMB 117,931,000[11]. - Contract assets were reported at RMB 59,171,000, with an expected credit loss of RMB 29,755,000[11]. - The expected credit loss for trade receivables is RMB 117,931,000, based on a default rate of 63.56% and a recovery rate of 64.72%[24]. - The expected credit loss for contract assets is RMB 29,755,000, with a default rate of 63.56% and a recovery rate of 64.72%[24]. Recovery Strategies - The company continues to actively pursue various measures to recover receivables to protect its assets and shareholder interests[20]. - The company has entered into compensation agreements with related parties to recover receivables through sales of certain properties[18]. - The company is actively seeking enforcement of arbitration awards and transferring non-cash assets as part of its recovery strategy[29]. - The group entered a compensation agreement with Henan Xinyuan on October 31, 2023, involving the sale proceeds of 611 parking spaces valued at RMB 60.73 million, which will offset approximately RMB 5.24 million in receivables and RMB 0.83 million in other balances owed by Xinyuan[36]. - In March 2024, the group agreed to retain cash sales proceeds from 2,181 parking spaces valued at RMB 1.976 million, to settle outstanding cooperation deposits owed by Xinyuan[39]. Cash Collections and Financial Position - Total cash collections amounted to RMB 798,384,000, with cash received of RMB 69,307,000 and non-cash offset of RMB 729,077,000[21]. - Trade receivables stood at RMB 40,387,000, with cash collections of RMB 7,782,000 and an offset amount of RMB 32,605,000[21]. - Contract assets from exclusive sales agreements for parking spaces totaled RMB 60,956,000, with no cash received and an offset of RMB 197,600,000[21]. - As of December 31, 2023, the company has receivables related to collateral amounting to RMB 398,847,000, with an impairment provision of RMB 201,355,000[33]. Inventory and Asset Management - As of December 31, 2023, 546 of the parking spaces are confirmed as inventory, while the remaining 65 will be recognized as inventory upon completion of related property construction, expected in 2024[37]. - The legal beneficial ownership of the parking spaces was transferred to the group on October 31, 2023, but their value will not be recognized in the financial statements until the properties are completed and available for sale, anticipated by the end of 2024[41]. - The construction costs for the parking spaces will be fully borne by Xinyuan[41]. - The operating rights for the clubhouse were transferred in January 2024, which will be reflected in the group's mid-year financial performance for 2024[41]. Valuation and Ownership - The company has established a legal beneficial ownership of 100% of Beijing Xinyuan as of November 2023, but the valuation does not reflect its true value due to pending significant commercial contracts[33]. - The company has confirmed that as of December 31, 2022, there were no specific arrangements to resolve the receivables from Xinyuan[4].

Financial Position - As of December 31, 2023, the group's prepaid and other receivables amounted to approximately RMB 422.4 million, a decrease of about RMB 34.5 million from RMB 456.9 million as of December 31, 2022, primarily due to an increase in impairment provisions[1] - The group had no borrowings or bank loans as of December 31, 2023[2] - The group has maintained a strong financial position with no debt, allowing for potential future investments and growth opportunities[2] - The total current assets reached RMB 945.4 million, a growth of 4.9% compared to RMB 901.2 million as of December 31, 2022[146] - The company’s total equity increased by RMB 28.4 million to RMB 541.7 million, reflecting a 5.5% growth from RMB 513.3 million in the previous year[146] - The capital-to-debt ratio was zero as of December 31, 2023, indicating no borrowings against total equity[155] Revenue and Growth - In 2023, the company achieved a 9.4% year-on-year increase in managed scale and a 9.2% increase in operating revenue, despite challenges in the real estate sector[61] - The company reported a total revenue of RMB 534.79 million in 2023, a significant increase from RMB 496.45 million in 2022[84] - The company achieved a revenue of approximately RMB 749.6 million for the year ended December 31, 2023, representing a year-on-year increase of about 9.2% from RMB 686.5 million in 2022[133] - The company’s basic property service revenue grew by 7.2% year-on-year, demonstrating resilience despite external pressures[61] - Revenue from charging piles increased by 31% year-on-year, while temporary parking income rose by 17%[72] - The group reported a 118% year-on-year increase in revenue from property engineering services, totaling RMB 74,631,000 in 2023[115] - Value-added services revenue reached RMB 115,852,000, with space resource management accounting for 47% and home living services for 38%[108] Operational Efficiency and Innovation - The company developed the XinMeta industry metaverse platform, which features zero-code 3D modeling technology, enhancing operational efficiency[59] - The company is focusing on data-driven operations to redefine traditional business models, transitioning from a "people find goods" to a "goods find people" approach[60] - The company plans to enhance its service experience and operational efficiency by leveraging data-driven approaches and technology integration[126] - The company has completed a digital development plan, with RMB 11.8 million invested in hardware construction, enhancing internal operations and management efficiency[174] Strategic Expansion - The company implemented a market expansion strategy that resulted in a 42% year-on-year increase in market expansion scale[58] - The company aims to expand its market presence and enhance service quality through technological advancements and strategic initiatives[44] - The company is actively seeking strategic acquisitions of quality property management service providers to expand its service offerings since 2022[172] - The company plans to further develop strategic alliances and expand its property management and engineering service scale[190] - The group’s strategic expansion includes localized deep cultivation in four major regions: Central China, South China, East China, and North China[95] Awards and Recognition - The group has received multiple awards in 2023, including being recognized as one of the top 20 property service companies in Central China and a leading enterprise in high-quality property services[44] - The group is committed to innovation and has been recognized as a leading enterprise in property service satisfaction in 2023[44] - The company received multiple accolades, including being ranked among the top 15 property service companies in China and recognized for its brand influence[72] Employee and Community Engagement - The company employed 1,741 staff as of December 31, 2023, an increase from 1,543 employees as of December 31, 2022[162] - The company has established a community governance model that includes 100% coverage of party organizations and has assisted over 8,000 elderly individuals[64] Financial Performance Metrics - The gross profit for the year was RMB 241.3 million, an increase of 5.2% from RMB 229.3 million in 2022, with a gross margin of 32.2%, down from 33.4% in the previous year[138] - Administrative expenses rose to RMB 100.2 million, a 43.3% increase from RMB 69.9 million in 2022, representing 13.4% of total revenue[139] - The company reported a net profit of RMB 28.4 million for the year, primarily due to a decrease in impairment provisions related to financial and contract assets[142] Assets and Liabilities - Trade receivables reached RMB 228.6 million as of December 31, 2023, reflecting a growth of 15.1% from RMB 198.6 million as of December 31, 2022, primarily due to increased managed area and slower settlement from certain third parties[149] - Trade payables decreased by 5.2% to RMB 106.7 million as of December 31, 2023, down from RMB 112.5 million as of December 31, 2022, mainly due to a reduction in unpaid goods[152] - Other payables and accrued expenses increased by approximately 0.8% to RMB 214.4 million as of December 31, 2023, compared to RMB 212.8 million as of December 31, 2022, attributed to business growth during the year[152] - Contract liabilities decreased by 2.7% to RMB 106.5 million as of December 31, 2023, from RMB 109.4 million as of December 31, 2022, mainly due to a slowdown in property fee prepayment activities[152] Future Plans and Investments - The company plans to utilize approximately RMB 118.3 million for property management service expansion and strategic acquisitions by September 30, 2023[172] - Approximately RMB 29.6 million is allocated for expanding value-added service lines, expected to be fully utilized by September 30, 2023[172] - The company has invested about RMB 29.6 million in upgrading and developing its own information technology and smart systems, with full utilization expected by September 30, 2023[172] - The total amount allocated for business development and upgrading smart systems is RMB 115.0 million, with expected full utilization by June 30, 2024[180]