Revenue Performance - Property management services revenue reached RMB 496.45 million, accounting for 72.3% of total revenue, an increase from RMB 446.03 million in 2021[3] - Value-added services revenue was RMB 107.55 million, representing 15.7% of total revenue, down from RMB 148.39 million in 2021[3] - Pre-delivery and consulting services revenue decreased to RMB 82.50 million, making up 12.0% of total revenue, compared to RMB 175.75 million in 2021[3] - Total revenue for the year ended December 31, 2022, was RMB 686.50 million, a decline from RMB 770.18 million in 2021[3] - Total revenue for the year ended December 31, 2022, decreased by approximately 10.9% to approximately RMB 686.5 million from RMB 770.2 million for the year ended December 31, 2021[60] - The company's revenue for the year ended December 31, 2022, was RMB 686,498,000, a decrease of 10.9% from RMB 770,176,000 in 2021[81] Profitability and Loss - Gross profit for the year ended December 31, 2022, decreased by approximately 13.9% to approximately RMB 229.3 million, with a gross margin of approximately 33.4%, down 1.2 percentage points from 34.6% in the previous year[60] - The profit attributable to equity holders of the company for the year ended December 31, 2022, declined to approximately RMB -334.3 million from RMB 122.6 million for the year ended December 31, 2021[60] - The net loss for the year was RMB 334,131,000, compared to a profit of RMB 124,070,000 in 2021, indicating a significant downturn[81] - The company reported a loss attributable to equity holders of RMB 334,265,000 for the year, compared to a profit of RMB 119,100,000 in the previous year[103] Assets and Liabilities - Current assets as of December 31, 2022, amounted to RMB 901.2 million, a decrease of 21.1% from RMB 1,141.8 million as of December 31, 2021[8] - The total current liabilities decreased to RMB 508.7 million from RMB 567.1 million in the previous year[67] - The net asset value as of December 31, 2022, was RMB 513.3 million, down from RMB 914.9 million in 2021[70] - Total non-current assets decreased to RMB 130,481,000 from RMB 350,983,000, a reduction of 62.9%[82] - The company’s cash and cash equivalents were approximately RMB 258,233,000 as of December 31, 2022, down from RMB 321,719,000 in 2021, indicating a decrease of 19.7%[171] Impairment and Provisions - The impairment provision for third-party trade receivables amounted to RMB 28,657,000, while the impairment provision for contract assets was RMB 8,025,000[31] - The company reported a significant increase in impairment provisions for financial assets, with RMB 39,685,000 for non-related parties compared to RMB 1,966,000 in 2021[81] - The company recorded a provision for impairment losses of approximately RMB 200.6 million related to collateralized items as of December 31, 2022[52] - The company recognized an expected credit loss provision of approximately RMB 200,565,000 related to receivables with unauthorized pledges for the year ended December 31, 2022[157] Strategic Plans and Investments - The company plans to strategically acquire or invest in quality property management service providers to expand its business and enhance shareholder returns[19] - The company plans to enhance its service capabilities and organizational structure as part of its strategic upgrade in 2022, focusing on three main dimensions: property management, industrial services, and technology[174] Market and Operations - The group primarily operates in China, with all revenue generated from this market during the year[40] - The group has a single operating segment focused on providing property management services, value-added services, and pre-delivery consulting services in China[39] - As of December 31, 2022, the company provided property management services for 48 cities in China, with a contracted building area of approximately 50.71 million square meters and 249 projects under management[180] Financial Instruments and Deposits - The company’s financial instruments included non-listed fund-linked notes with a face value of USD 6,305,000 (approximately RMB 41,453,000) purchased from a financial institution[167] - The company’s total bank deposits as of December 31, 2022, were RMB 135,050,000, with a significant reduction in pledged deposits compared to previous years[170] - The bank earns interest based on daily bank deposit rates according to floating interest rates[200] Other Financial Metrics - Interest income for the year 2022 was RMB 13.4 million, down from RMB 19.8 million in 2021[46] - Government subsidies received amounted to RMB 4.7 million in 2022, slightly up from RMB 4.4 million in 2021[46] - The company did not recommend the payment of any final dividend for the year ended December 31, 2022[60] - The company did not declare a dividend for the year ended December 31, 2022[141] Investigations and Compliance - The company has suspended trading of its shares since November 16, 2022, due to issues related to bank deposits being pledged[74] - The company is currently under investigation regarding unauthorized financial guarantees related to certain transactions[93] - The company established an independent investigation committee to address certain issues, with Deloitte appointed as the independent advisor[109]

智通财经APP讯，鑫苑服务(01895)发布公告，根据复牌指引，公司应： (a)对未经授权的抵押事项展开独立法证调查工作、评估对公司业务运营和财务状况的影响、公布调查结果、并采取适当的补救措施; (b)证明并无有关管理层诚信及╱或任何对公司管理及经营有重大影响的人士的合理监管问题，乃可能为投资者带来风险及损害市场信心; (c)进行独立内部监控审查，证明公司已有适当内部监控及程序以遵守上市规则的规定; (d)向市场告知所有重要资料，以供公司股东及投资者评估公司的状况; (e)刊发所有尚未公佈的财务业绩及处理任何审核修订; (f)证明其遵守上市规则第13.24条;及 (g)重新遵守上市规则第13.92条。 于本公告日期，公司继续就达成复牌指引回应联交所的意见，惟尚未全面达成复牌指引列载的所有条件。 就复牌指引(a)及(b)项而言，公司已指示独立顾问扩大独立调查的范围，以回应联交所提出的若干事项。公司正与独立顾问合作，加速推进扩大调查，并将遵照上市规则发布公告，以进一步提供有关扩大调查进展的最新情况。 另外，作为公司所采取补救措施的一环，公司一直在积极寻求执行仲裁裁决。于2023年10月31日，鑫苑地产控股的若干附 ...

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) 2022 中期報告 HaH H ST CENTER TILLING STORE THE FOR mmmm NILO BEY 混合產品 頂自貫賽任的 森林資源的酝張 FSC" C127090 - DOWLIN TLE BEA 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 | | | | 30 | 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 | | | | 44 | 中期簡明綜合財務資料附註 | 01 | --- | -- ...

Financial Performance - In 2021, the company achieved a revenue growth of 17.8%, reaching RMB 770 million[26] - The profit for 2021 amounted to RMB 124 million[26] - The company's revenue from property management services in Central China was 437.8 million yuan, accounting for 56.9% of total revenue, while total revenue reached 770.2 million yuan, up from 653.7 million yuan in 2020[52] - Property management service revenue for 2021 reached RMB 446.0 million, a 17.5% increase from RMB 379.9 million in 2020[68] - The gross profit for the year was RMB 266.2 million, a 3.3% increase from RMB 257.7 million in 2020, with a gross margin decline from 39.4% to 34.6%[95] - Net profit for the year was RMB 124.1 million, a decrease of 5.9% from RMB 131.9 million in the previous year, with a net profit margin of 16.1%[104] Business Expansion and Strategy - The company aims to leverage its internal and external resource advantages to expand its asset agency and external engineering construction businesses[26] - The company expanded its business model, with non-residential properties accounting for 51% of new contracted area in 2021[28] - The company is pursuing a diversified cooperation model and seeking acquisition opportunities in the high-quality project market to drive growth[85] - The company plans to focus on five core areas: scale acceleration, service upgrade, business optimization, industry extension, and technology empowerment over the next three to five years[82] - The company aims to enhance its market presence in key regions such as Central China, Bohai Rim, Yangtze River Delta, Pearl River Delta, and Southwest China[83] Operational Efficiency and Internal Control - The company has optimized its internal control mechanisms in response to challenges faced during the year[25] - The company conducted a comprehensive review and optimization of its internal control management with independent auditors and compliance consultants[25] - The company has adopted a model for existing project expansion that focuses on service quality improvement and value enhancement, leading to increased owner satisfaction and fee collection rates[60] - The company completed the upgrade of its service system to "Xin Service 4.0," enhancing its service capabilities across multiple dimensions[33] Customer Satisfaction and Service Offerings - Customer satisfaction for property services improved to 92.4%, an increase of 2.2 percentage points year-on-year[28] - The company has diversified its service offerings to include non-residential properties, with successful expansions in educational and industrial park sectors[65] - The company is expanding its service capabilities across the entire property lifecycle, focusing on community services such as childcare, elderly care, and family services[86] Governance and Management - The company has been actively involved in the appointment of independent directors to enhance governance and oversight[173] - The company emphasizes the importance of experienced leadership in its strategic direction and operational management[176] - The board consists of six members, including one executive director, two non-executive directors, and three independent non-executive directors, ensuring compliance with the requirement that independent directors constitute at least one-third of the board[195] - The company has established three board committees: the Nomination Committee, the Remuneration Committee, and the Audit Committee to oversee specific aspects of its affairs[193] Future Plans and Investments - The company plans to fully utilize the funds for expanding property management services and seeking strategic acquisitions by September 30, 2023[132] - Approximately RMB 96.1 million from the unutilized listing proceeds is allocated for expanding property management services and seeking strategic acquisitions and investment opportunities[137] - The company plans to complete the internal ERP upgrade and other core system constructions in 2022 to improve operational efficiency[135] Awards and Recognition - The company has been recognized with 15 industry awards, including being ranked among the top 15 property service companies in China[32]

Financial Performance - Total revenue for the six months ended June 30, 2021, increased by 29.4% to approximately RMB 337.5 million from RMB 260.8 million for the same period in 2020[11]. - Net profit for the six months ended June 30, 2021, was approximately RMB 64.4 million, a growth of 15.6% compared to RMB 55.7 million for the same period in 2020[11]. - Total revenue for the property management services reached RMB 206,772 thousand, a 22.4% increase from RMB 169,045 thousand in the same period last year[37]. - Gross profit for the same period was RMB 120,587,000, up 16.4% from RMB 103,576,000 year-on-year[159]. - Profit before tax increased to RMB 89,497,000, a rise of 14.4% compared to RMB 78,146,000 in the previous year[160]. - The overall gross profit for the group was approximately RMB 120.6 million, a growth of 16.4% from RMB 103.6 million in the same period last year, with a gross profit margin decreasing from 39.7% to 35.7%[65]. - The company reported a total comprehensive income of RMB 55,299,000 for the six months ended June 30, 2020, compared to RMB 64,166,000 for the same period in 2021, indicating a decline of about 14%[176]. Business Operations - As of June 30, 2021, the company provided property management services in 49 cities in China, with a contracted gross floor area of approximately 57.0 million square meters and an area under management of approximately 36.2 million square meters[12]. - The company aims to become a leading smart property operator, focusing on three development directions: property services, industrial services, and technology[13]. - The company achieved a breakthrough in asset operation and sales, with cumulative sales of RMB 29.2 million and a premium of RMB 15.3 million[15]. - The company has established a market expansion layout focusing on five key regions, including Shandong, Hebei, Anhui, Jiangsu, and Chongqing[15]. - The company is implementing a service upgrade strategy centered on high cost-performance, high satisfaction, and high service experience[13]. - The company has developed a comprehensive service system called "Xinyuan Service 4.0" to enhance service precision and customer satisfaction[13]. - The company is expanding its business into non-residential sectors, including offices, industrial parks, and schools, while maintaining a focus on residential property management[32]. Strategic Initiatives - The company is implementing a market expansion strategy based on a "1+4+N" model, focusing on regional leadership and strategic opportunities[34]. - The company aims to diversify its service offerings while optimizing its business structure to enhance customer satisfaction and service experience[36]. - The company has signed a strategic cooperation agreement with Hikvision to enhance digital transformation in property management[19]. - The company is committed to becoming a leading smart property operation service provider, focusing on quality operations and technological empowerment[47]. - The company plans to innovate its expansion methods through full commission, mergers and acquisitions, and cooperation with state-owned enterprises[53]. Financial Position - Current assets net reached approximately RMB 789.9 million, a 14.2% increase from RMB 691.9 million as of December 31, 2020[73]. - The total equity of the group increased by approximately RMB 100.2 million to RMB 898.1 million, reflecting a growth of 12.6% due to increased economic returns[73]. - The company had no borrowings or bank loans as of June 30, 2021, resulting in a debt-to-equity ratio of zero[84][85]. - The company’s cash flow from investing activities showed a net inflow of RMB 151,945,000 for the six months ended June 30, 2021, compared to a net outflow of RMB 540,011,000 in the previous year[182]. - The cash and cash equivalents at the end of June 30, 2021, amounted to RMB 407,058,000, up from RMB 174,967,000 at the end of June 30, 2020, indicating a significant increase of about 132.5%[182]. Shareholder Information - The ultimate holding company indirectly holds 52.86% of the issued shares of the company, making it the controlling shareholder[119]. - Major shareholder Xinyuan Real Estate Limited holds 300,000,000 shares, representing 52.86% of the total equity[135]. - The company did not recommend any interim dividend for the six months ending June 30, 2021[140]. - A total of 56,250,000 shares were granted under the pre-IPO share incentive plan, representing 9.91% of the issued shares as of June 30, 2021[144][145]. Employee and Management - The company employed approximately 1,562 staff as of June 30, 2021, an increase from approximately 1,392 staff as of December 31, 2020[92]. - The company has adopted a share option scheme post-IPO to incentivize selected participants, effective for 10 years from the adoption date[149]. Compliance and Governance - The company must comply with disclosure and approval requirements for related party transactions due to the applicable percentage rates exceeding 5%[120][122]. - The company’s management discussion highlights the importance of compliance with the Listing Rules regarding related party transactions[122].

Financial Performance - The company achieved operating revenue of RMB 653.7 million in 2020, an increase of approximately 22.4% compared to RMB 534.0 million in 2019[19]. - Net profit for the year was RMB 131.9 million, representing a growth of about 61.1% from RMB 81.9 million in 2019[19]. - The gross profit for the year was RMB 257.7 million, a 27.7% increase from RMB 201.8 million in 2019, with a gross margin improvement from 37.8% to 39.4%[95]. - The net profit for the year was RMB 131.9 million, a 61.1% increase from RMB 81.9 million in the previous year, with a net profit margin of 20.2%[101]. - The revenue contribution by region shows Central China leading with 60.1% (RMB 392,759,000), followed by East China at 25.7% (RMB 167,983,000) and West China at 3.7% (RMB 24,532,000) for 2020[54]. - Property management services contributed RMB 379.9 million, accounting for 58.1% of total revenue, while value-added services and pre-delivery and consulting services contributed RMB 132.0 million (20.2%) and RMB 141.9 million (21.7%) respectively[92]. Growth and Expansion - The total area under property management contracts reached approximately 53.0 million square meters, a growth of about 43.2% from 37.0 million square meters at the end of 2019[19]. - Managed area increased to approximately 34.7 million square meters, up 72.8% from 20.1 million square meters in 2019[19]. - The company managed 176 projects across 45 cities, providing services to over 220,000 households[19]. - The number of contracted projects increased to 237, reflecting a year-on-year growth of 35.4%[40]. - The company expanded its third-party market presence, signing 3.6 million square meters of new commission contracts and acquiring 10.6 million square meters through the acquisition of Chongqing Hongqi Property[22]. - The company plans to expand its business model into industrial parks, schools, and hospitals, optimizing its operational structure[38]. Strategic Initiatives - The company aims to become a leading smart property operator, focusing on scale expansion, operational efficiency, and value-added services[29]. - The company has formed a comprehensive asset operation system, integrating planning, marketing, renovation, sales, and management for existing assets[25]. - The company is focusing on digital transformation to enhance operational efficiency and customer service experience, transitioning from ERP to EBC systems[90]. - The company has established a service system categorized into four types: residential community services, industrial park services, government public services, and urban public services[38]. - The company is actively exploring new cooperation models and expanding into new areas such as urban renovation projects[84]. Corporate Governance - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange listing rules throughout 2020, with exceptions noted for attendance at the annual general meeting[171]. - The company emphasizes high standards of corporate governance as essential for sustainable growth and protecting shareholder interests[170]. - The board consists of seven members, including two executive directors, two non-executive directors, and three independent non-executive directors[175]. - The company has established three board committees: the Nomination Committee, the Remuneration Committee, and the Audit Committee to oversee specific aspects of governance[172]. - The company has a commitment to maintaining a balance of power by separating the roles of the Chairman and the CEO[172]. Social Responsibility and Sustainability - The company emphasized its role in social responsibility during the pandemic, enhancing its professional value in property management[18]. - The management team emphasized the importance of sustainability initiatives, aiming for a 50% reduction in carbon footprint by 2025[1]. - The company is committed to ethical conduct and compliance with applicable laws and regulations in all its operations[173]. Future Outlook - The company has set a future outlook with a revenue guidance of $600 million for the next fiscal year, indicating a projected growth of 20%[1]. - New product launches are expected to contribute an additional $50 million in revenue, with a focus on innovative technology solutions[1]. - The company plans to invest $20 million in research and development for new technologies aimed at improving service efficiency[1].

Financial Performance - Total revenue for the six months ended June 30, 2020, increased by 10.5% to approximately RMB 260.8 million from RMB 236.0 million for the same period in 2019[29]. - Net profit for the six months ended June 30, 2020, grew by 165.2% to approximately RMB 55.7 million compared to approximately RMB 21.0 million for the same period in 2019[29]. - The total revenue for the first half of 2020 was RMB 169.045 million, with a total managed area of 22.057 million square meters and 135 projects[49]. - Revenue for the six months ended June 30, 2020, was RMB 260,848 thousand, an increase of 10.6% compared to RMB 236,043 thousand for the same period in 2019[165]. - Gross profit for the same period was RMB 103,576 thousand, representing a significant increase of 35.2% from RMB 76,602 thousand in 2019[165]. - Profit before tax for the six months ended June 30, 2020, was RMB 78,146 thousand, compared to RMB 37,529 thousand for the same period in 2019, indicating a growth of 108.2%[165]. - Total comprehensive income for the period was RMB 55,732 thousand, up from RMB 21,039 thousand in 2019, reflecting a year-on-year increase of 164.5%[165]. - Basic earnings per share for the six months ended June 30, 2020, was RMB 11.94, compared to RMB 6.11 for the same period in 2019, marking an increase of 95.5%[165]. Operational Highlights - As of June 30, 2020, the company provided property management services in 45 cities in China, with a contracted area of approximately 40.2 million square meters and a managed area of approximately 22.1 million square meters[30]. - The company achieved a breakthrough of 1.5 million registered users on the Kangbao Cloud Manager platform, enhancing community promotion efforts[31]. - The company expanded its geographical coverage to 16 provinces and municipalities, covering 45 cities as of June 30, 2020[37]. - The area managed from third-party developers increased by approximately 114.6% to about 9.2 million square meters compared to 4.3 million square meters in the previous year[48]. - The number of projects managed from independent third-party developers rose from 41 to 69 within the same period[48]. - The company achieved a significant increase in managed area in Central China, with 13.128 million square meters and 90 projects, compared to 10.132 million square meters and 73 projects in the previous year[41]. Strategic Initiatives - The company is focusing on regional development in Central China, Bohai Rim, Yangtze River Delta, Pearl River Delta, and Southwest regions, with a multi-pronged market expansion strategy[31]. - The company has established integrated cooperation with China Construction Bank in areas such as construction, management, operation, and financing[31]. - The company is actively involved in urban renovation projects and collaborations with state-owned enterprises to enhance its market presence[31]. - The company is focusing on optimizing its property management structure by extending services to commercial offices, public buildings, and industrial parks[48]. - The company is actively extending its business in asset management services, including comprehensive management for property owners[55]. Revenue Sources - Revenue from residential complexes accounted for 65.3% of total revenue, with earnings of RMB 110.339 million, while non-residential complexes contributed 3.8% with RMB 6.354 million[45]. - Property management services remained the largest revenue source, contributing approximately RMB 169.0 million, accounting for 64.8% of total revenue[63]. - The company expanded its value-added services, which generated revenue of RMB 49.8 million, a 3.7% increase from RMB 48.0 million in the previous year[63]. - The company’s pre-delivery and consulting services revenue rose by approximately 6.6% to about RMB 42.0 million, up from RMB 39.4 million in the same period of 2019[58]. - Online platform revenue increased by 67% year-on-year, driven by enhanced community service offerings during the pandemic[53]. Cost Management - The group's administrative expenses decreased by approximately 36.7% to about RMB 23.1 million, compared to RMB 36.5 million for the same period in 2019[73]. - The overall gross profit margin increased from approximately 32.5% for the six months ended June 30, 2019, to approximately 39.7% for the same period in 2020[69]. - The gross profit margin for property management services was approximately 28.2%, up by about 7.8 percentage points from 20.4% in the previous year[69]. - The gross profit margin for value-added services was approximately 65.9%, an increase of about 6.8 percentage points from 59.1% in the previous year[69]. Financial Position - As of June 30, 2020, the group's net current assets reached approximately RMB 493.9 million, an increase of about RMB 34.4 million or 7.5% compared to December 31, 2019[84]. - The total equity of the group as of June 30, 2020, was approximately RMB 600.4 million, up by about RMB 37.3 million or 6.6% from RMB 563.1 million as of December 31, 2019[84]. - Cash and cash equivalents amounted to approximately RMB 712.8 million as of June 30, 2020, representing a growth of about 17.5% from RMB 606.6 million as of December 31, 2019[85]. - Trade receivables (net of impairment) decreased to approximately RMB 140.9 million as of June 30, 2020, down by about RMB 41.1 million or 22.6% from RMB 182.0 million as of December 31, 2019[90]. - The group had no interest-bearing borrowings as of June 30, 2020, resulting in a debt-to-equity ratio of zero[97]. Shareholder Information - As of June 30, 2020, key executives hold significant equity stakes, with the largest being 28,400,000 shares, representing approximately 26.90% ownership in a related corporation[133]. - Major shareholder Xin Yuan Real Estate Co., Ltd. holds 300,000,000 shares, representing 60.00% of the total shares[138]. - Galaxy Team Holdings owns 37,500,000 shares, accounting for 7.50% of the total shares[138]. - The company repurchased a total of 500,000 shares at an average price of HKD 2.08, totaling HKD 1,040,000[142]. - No interim dividend was recommended for the six months ended June 30, 2020[143]. Corporate Governance - The company has adopted the corporate governance code and complied with all relevant provisions during the reporting period[155]. - The independent review report concluded that there were no matters that caused concern regarding the interim financial data's compliance with International Accounting Standard 34[163]. Future Outlook - The company aims to expand its management and business scale through a dual-driven strategy of offline business expansion and online user growth[116]. - The company plans to develop a community service platform based on the Kangbao Cloud platform, aiming to establish an industry-level SaaS service platform[120]. - The company is actively seeking quality property management service providers for strategic acquisitions to maximize returns for shareholders[112]. - The company has initiated a digital transformation strategy, which includes defining and developing community digital scenarios to enhance operational visibility and service digitization[125].

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) 2019 年報 FSC 鑫苑物業服務集團有限公司 環境保護 目錄 02 公司資料 榮譽及獎項 04 05 主席報告 管理層討論與分析 10 董事及高級管理層 31 37 企業管治報告 董事會報告 54 79 獨立核數師報告 綜合損益及其他全面收益表 84 綜合財務狀況表 85 87 綜合權益變動表 綜合現金流量表 88 90 財務報表附註 財務概要 160 01 | --- | --- | --- | |----------------------------------------|------------------------------------------|------------| | | | 2019 年報 | | | | 公司資料 | | | | | | 執行董事 | 獨立核數師 | | | 王研博女士 （行政總裁） | 安永會計師事務所 | | | 黃波先生 | 香港中環 | | | | ...