格隆汇8月18日丨鑫苑服务(01895.HK)宣布，本公司将于2025年8月28日(星期四)举行董事会会议，藉以 （其中包括）考虑及批准本公司及其附属公司截至2025年6月30日止六个月的未经审核中期业绩及其刊 发，以及考虑派发中期股息（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].

Summary of Key Points from Conference Call Records Industry Overview - The records primarily focus on the property management industry in Hong Kong, highlighting the performance of various property service companies in September 2023. Capital Market Dynamics - The Hang Seng Index closed at 21,133.68 points in September, marking a 17.48% increase, with a total rise of 3,144.51 points [1] - A total of 48 property service companies saw their stock prices rise, with 28 companies outperforming the Hang Seng Index [1] - Xinyuan Services recorded the highest increase at 58.28%, followed by Yongsheng Services at 54.74% [1] Project and Tender Information - In September, 5,182 new land projects were added across key cities in China, with a planned construction area of 215.93 million square meters [3] - Among these, there were 958 residential projects, 907 commercial office projects, and 2,585 industrial projects [3] - The Beijing-Tianjin-Hebei and Guangdong-Hong Kong-Macau regions published 5,465 property-related tender notices, with non-residential projects making up a significant portion [5] Company Operations and Collaborations - Greentown Services and Houde Foods signed a strategic cooperation agreement to explore high-quality product sourcing [8] - Jianye New Life received multiple awards at the "2024 China Real Estate Brand Value Research Results Release Conference," recognizing its brand value and market influence [10] - New Hope Services signed a strategic cooperation agreement with Shanghai Miwen Real Estate to deepen property service capabilities and explore commercial operations in Yunnan [16] Industry Recognition and Awards - Agile Property received multiple honors at the Guangzhou International Smart Property Expo, including certification for service quality [14] - Zhengzhou's Jianye New Life projects were recognized as model projects by the Zhengzhou Property Management Association [34] - Zhengzhou's Jianye New Life was awarded the "Leading Brand in High-end Residential Property Services" at the same conference [23] Community Engagement and Social Responsibility - New Hope Services participated in community service activities, including AED safety training and a winter clothing donation campaign [51] - Various property management companies, including Rainbow Property Group, actively engaged in disaster preparedness and community safety during typhoons [47][49] Technological Advancements - Xinyuan Services showcased its advancements in smart property management, including AI monitoring and smart community features [36][37] - Zong'an Smart Life signed a strategic cooperation agreement with West Lake Robotics to explore the application of smart robots in property services [21] Conclusion - The property management industry in Hong Kong is experiencing significant growth, with many companies achieving substantial stock price increases and receiving industry recognition for their service quality and community engagement efforts. The focus on technological advancements and strategic partnerships is expected to drive further growth and innovation in the sector.

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].