Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 172,147,000, representing an increase from RMB 159,461,000 in the same period of 2021, which is a growth of approximately 7.6%[16] - Gross profit for the same period was RMB 49,086,000, down from RMB 52,147,000 in 2021, indicating a decrease of about 5.4%[16] - Net profit decreased significantly to RMB 9,356,000 from RMB 27,210,000 in 2021, reflecting a decline of approximately 65.6%[16] - Earnings per share (basic) dropped to 2.29 RMB cents from 6.70 RMB cents, a decrease of about 65.8%[16] - Total revenue for the six months ended June 30, 2022, was RMB 172,147,000, an increase from RMB 159,461,000 in the same period of 2021, representing an 8.6% growth[21] - The realized gross profit for the same period was approximately RMB 49.1 million, reflecting a slight decrease of about 5.8% year-on-year[47] - The total profit and other comprehensive income amounted to approximately RMB 9.4 million, representing a decrease of approximately 65.4% compared to the corresponding period in 2021[47] - For the six months ended June 30, 2022, the net profit was approximately RMB 9.4 million, a decrease of about RMB 17.8 million or 65.4% compared to RMB 27.2 million for the same period in 2021[146] Revenue Breakdown - Revenue from property management services was RMB 145,385,000, up from RMB 122,516,000 year-over-year, indicating a 18.6% increase[21] - Revenue from value-added services reached RMB 18,513,000, slightly up from RMB 17,091,000 in the previous year, a growth of 8.3%[21] - Revenue from property developer related services decreased to RMB 8,249,000 from RMB 19,854,000, a decline of 58.5% year-over-year[21] - Revenue from residential property management services was approximately RMB116.2 million, up by approximately RMB27.2 million or 30.6% year-on-year[96] - Revenue from non-residential property management services was approximately RMB29.2 million, a decrease of about RMB4.3 million or 12.8% compared to the same period in 2021[96] - Revenue from sales assistance services for the six months ended June 30, 2022, was approximately RMB7.0 million, representing a decrease of approximately RMB3.1 million or about 30.7% compared to the corresponding period in 2021[112] - Revenue from pre-delivery cleaning and preparation services for the six months ended June 30, 2022, was approximately RMB0.2 million, representing a decrease of approximately RMB2.2 million or about 91.7% compared to the corresponding period in 2021[112] Strategic Focus and Future Outlook - The company is focusing on expanding its market presence and enhancing product offerings to drive future growth[16] - New product development initiatives are underway, aimed at improving competitive positioning in the market[16] - The company plans to explore potential mergers and acquisitions to accelerate growth and market expansion[16] - Future guidance indicates a cautious outlook due to market conditions but aims for gradual recovery in performance[16] - The management emphasizes the importance of operational efficiency to mitigate the impact of rising costs and market challenges[16] - The interim report indicates a strategic emphasis on improving operational efficiency and exploring new market opportunities[21] - The company plans to invest in technology development to enhance service offerings and operational capabilities[21] - The Group intends to expand market share and penetrate new markets by leveraging successful experiences in the Beijing-Tianjin-Hebei Region and optimizing resource allocation for investment and expansion[70] Operational Efficiency and Management - User data and engagement metrics are being closely monitored to inform strategic decisions moving forward[16] - The company plans to enhance its internal management system and intelligent management platform to improve operational efficiency and service quality[61] - The Group aims to strengthen green management practices, implementing detailed plans for energy conservation, pollution prevention, and community environmental health[83] - The Group plans to enhance user satisfaction and service quality by maintaining high standards and improving digital management systems[84] - The company continues to invest in resource allocation to develop value-added services, contributing to the increase in service costs[132] Assets and Liabilities - Total assets as of June 30, 2022, amounted to RMB 509,475,000, compared to RMB 469,568,000 as of December 31, 2021, reflecting an 8.5% increase[23] - Total liabilities increased to RMB 235,474,000 as of June 30, 2022, from RMB 204,999,000 at the end of 2021, marking a 14.8% rise[23] - Total equity as of June 30, 2022, was RMB 274,001,000, up from RMB 264,569,000 at the end of 2021, showing a 3.4% increase[23] - The current ratio as of June 30, 2022 was 1.8, slightly down from 1.9 as of December 31, 2021[146] - The liabilities to assets ratio remained stable at 0.46 as at June 30, 2022 compared to 0.44 as at December 31, 2021[174] Investments and Acquisitions - The net proceeds from the Listing amounted to approximately RMB116.2 million, higher than initially stated due to a higher final issue price and lower underwriting fees[181] - Approximately RMB47.0 million, representing 36.3% of the actual net proceeds, was utilized for geographic expansion and operations in the PRC, including the acquisition of Jiangsu Wanhao[193] - The Group adopted a cautious approach towards acquisition evaluations due to increased uncertainty in acquisition pricing in the property management industry[194] - As of June 30, 2022, the Group did not have any significant acquisitions or disposals of subsidiaries, associates, or joint ventures[195] - The Group did not have any major investments as of June 30, 2022[196]

Financial Performance - Total revenue for the year ended December 31, 2021, was RMB 336,828,000, representing an increase of 28.8% from RMB 261,405,000 in 2020[18]. - Gross profit for 2021 was RMB 89,630,000, up from RMB 63,478,000 in 2020, indicating a growth of 41.2%[18]. - Net profit for the year was RMB 31,207,000, compared to RMB 20,762,000 in 2020, reflecting an increase of 50.3%[18]. - Basic earnings per share rose to 7.58 RMB cents in 2021 from 5.40 RMB cents in 2020, marking a growth of 40.4%[18]. - The gross profit margin and net profit margin in 2021 were 26.6% and 9.3%, respectively, both showing improvements from the previous year by 2.3 and 1.4 percentage points[80]. - The total profit and other comprehensive income amounted to approximately RMB 31.2 million, representing an increase of approximately 50.0% compared to 2020[80]. Revenue Breakdown - Revenue from property management services accounted for 77.0% of total revenue, amounting to RMB 259.2 million, which is an increase of approximately RMB 67.3 million or about 35.1% year on year[106][113]. - Revenue from residential properties increased by approximately RMB 64.4 million or approximately 49.2%, mainly due to contributions from newly delivered residential property projects[113]. - Revenue from value-added services increased significantly by approximately RMB 10.3 million or about 43.1% from approximately RMB 23.9 million for the year ended December 31, 2020 to approximately RMB 34.2 million for the year ended December 31, 2021[145]. - Revenue from property developer related services decreased by approximately RMB 2.3 million, or about 5.0%, from RMB 45.7 million in 2020 to RMB 43.4 million in 2021[125]. Market Expansion and Strategic Initiatives - The company plans to expand its market presence and invest in new product development to drive future growth[16]. - The company continues to explore market expansion opportunities and enhance its service offerings through strategic acquisitions and partnerships[45]. - The company aims to expand its national layout through acquisitions, including Jiangsu Wanhao and Jiangxi Changzheng Hospital project, covering major metropolitan areas[61]. - The Group aims to expand its market share by focusing on urban area strategies, including the Beijing-Tianjin-Hebei region and the Guangdong-Hong Kong-Macao Greater Bay Area, through acquisitions and partnerships[96][97]. Governance and Management - The company has appointed new directors and auditors to enhance governance and oversight[12][13]. - The management discussion will provide insights into strategic initiatives and operational efficiencies implemented during the year[16]. - The company emphasizes the development of human resources, establishing a complete system for talent selection, training, and incentives to enhance service quality[68]. Assets and Liabilities - Total assets as of December 31, 2021, reached RMB 469,568,000, an increase from RMB 427,801,000 in 2020, reflecting a growth of about 9.7%[23]. - Total liabilities increased to RMB 204,999,000 in 2021 from RMB 194,439,000 in 2020, representing a rise of about 5.4%[23]. - Trade and other receivables increased by approximately RMB 71.6 million or about 192.5% from approximately RMB 37.2 million as of December 31, 2020, to approximately RMB 108.8 million as of December 31, 2021, mainly due to the growth in trade receivables[183]. Operational Efficiency - The company aims to leverage technological advancements to improve service delivery and customer engagement[16]. - The company outsourced cleaning, gardening, equipment maintenance, site security services, and car park management to independent third-party subcontractors to enhance operational efficiency[150]. - The Group is committed to continuous service quality improvement and aims to establish a standardized service process to enhance customer satisfaction[101][104].

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Financial Performance - Revenue for the six months ended June 30, 2020, was RMB 139,819,000, representing an increase of 6% from RMB 130,991,000 in 2019[23] - Gross profit for the same period was RMB 54,560,000, up from RMB 47,645,000, indicating a growth of 14%[23] - Net profit, excluding listing expenses, reached RMB 30,051,000, compared to RMB 12,943,000 in 2019, reflecting a significant increase of 132%[23] - Earnings per share (basic) improved to 8.28 RMB cents, compared to 5.23 RMB cents in the previous year, marking a rise of 58%[23] - For the six months ended June 30, 2020, the Group achieved revenue of approximately RMB 139.8 million, an increase of approximately 6.7% compared to the same period in 2019[45] - The Group realized a gross profit of approximately RMB 54.6 million, marking an increase of approximately 14.5% year-on-year[45] - The net profit for the same period was approximately RMB 30.1 million, reflecting a significant increase of approximately 132.2% compared to the previous year[45] - The core net profit, excluding listing expenses, was approximately RMB 34.9 million, an increase of approximately 47.8% year-on-year[45] Assets and Liabilities - Total assets as of June 30, 2020, were RMB 424,270,000, a substantial increase from RMB 247,411,000 at the end of 2019[27] - Total liabilities increased to RMB 181,619,000 from RMB 171,350,000, showing a rise of 6%[27] - Total equity surged to RMB 242,651,000, up from RMB 76,061,000, indicating a growth of 219%[27] - The current ratio improved to 2.3 as of June 30, 2020, compared to 1.4 as of December 31, 2019[112] - The liabilities to assets ratio remained stable at 0.43 as of June 30, 2020, compared to 0.69 as of December 31, 2019[137] Revenue Breakdown - Revenue from property management services was RMB 93,402,000, slightly up from RMB 91,130,000 in 2019[26] - Value-added services revenue increased significantly to RMB 14,194,000 from RMB 7,614,000, representing an increase of 86%[26] - Revenue from property developer related services was approximately RMB 32.2 million, contributing 23.1% to total revenue, showing stability compared to RMB 32.2 million in 2019[66] - Revenue from residential properties increased by approximately RMB 6.5 million or about 11.8%, while revenue from non-residential properties decreased by approximately RMB 4.2 million or about 11.6%[68] - Revenue from value-added services increased by approximately RMB 6.6 million or 86.4% to approximately RMB 14.2 million for the six months ended June 30, 2020, driven by a RMB 3.3 million increase in home living services revenue[87][88] Operational Metrics - As of June 30, 2020, the Group's contracted gross floor area (GFA) was approximately 8.3 million square meters, an increase of approximately 15.0% year-on-year[46] - The total revenue-bearing GFA under management exceeded 5.6 million square meters, marking an increase of approximately 19.6% compared to June 30, 2019[46] - The number of managed residential property projects was 24, with a total revenue-bearing GFA of 4.5 million square meters, accounting for approximately 81.1% of total revenue-bearing GFA[46] - The number of properties managed increased to 43, up from 34 in the previous year, indicating a growth of approximately 26.5%[52] Strategic Focus - The company is focused on expanding its service offerings and enhancing operational efficiency to drive future growth[22] - The Group plans to focus on development opportunities in key regions such as Beijing-Tianjin-Hebei, Yangtze River Delta, and Pearl River Delta to achieve rapid growth in revenue and profits[58] - The Group aims to enhance the proportion of value-added services, which contributed 10.1% to total revenue, increasing from 5.8% in the previous year[66] - The Group's strategy includes counter-trend expansion while maintaining stable growth in performance despite the economic pressures from the COVID-19 pandemic[57] Corporate Governance - The Company has complied with all applicable code provisions under the Corporate Governance Code, except for a deviation from code provision A.2.1[180] - The roles of chairman and chief executive officer are currently held by the same individual, Ms. Wu Guoqing, which the Board believes provides strong leadership[181] - The Company aims to separate the roles of chairman and chief executive officer in the long term when suitable candidates are identified[184] - The Company has established a corporate governance framework and policies based on the Corporate Governance Code[179] Employee and Administrative Information - The staff cost for the six months ended June 30, 2020, was approximately RMB21.9 million[167] - As of June 30, 2020, the Group had 816 employees[167] - Administrative expenses rose by approximately RMB 1.4 million or 9.4% to approximately RMB 15.7 million for the six months ended June 30, 2020, mainly due to increased headcount and average salaries[103] Other Financial Information - Other income for the six months ended June 30, 2020, amounted to approximately RMB 6.4 million, primarily from interest income of approximately RMB 5.9 million[104] - Income tax expense for the six months ended June 30, 2020, was approximately RMB 9.1 million, compared to RMB 8.7 million for the same period in 2019[105] - The Group did not have any significant acquisitions or disposals during the six months ended June 30, 2020[158] - No dividend was declared by the Board for the six months ended June 30, 2020[164]

Financial Performance - Revenue for the year ended December 31, 2019, was RMB 273,580,000, representing an increase of 8.9% from RMB 251,177,000 in 2018[11] - Gross profit for 2019 was RMB 94,477,000, up from RMB 81,726,000 in 2018, indicating a growth of 15.5%[11] - Net profit decreased to RMB 25,878,000 in 2019 from RMB 37,221,000 in 2018, reflecting a decline of 30.5%[11] - Core profit, excluding the effect of listing expenses, was RMB 41,632,000, compared to RMB 37,221,000 in 2018, showing an increase of 11.5%[11] - Earnings per share (basic) for 2019 was 9.44 RMB cents, down from 15.54 RMB cents in 2018, a decrease of 39.5%[11] - The gross profit margin and net profit margin in 2019 were 34.5% and 15.2%, respectively, marking an increase of 2.0 percentage points and 0.4 percentage points compared to 2018[61] - For the year ended December 31, 2019, the company's total revenue was approximately RMB 273.6 million, representing an increase of approximately RMB 22.4 million or about 8.9% compared to RMB 251.2 million for the year ended December 31, 2018[77] Assets and Liabilities - Total assets as of December 31, 2019, were RMB 247,411,000, a decrease from RMB 260,312,000 in 2018[14] - Total liabilities decreased slightly to RMB 171,350,000 in 2019 from RMB 172,710,000 in 2018[14] - Total equity as of December 31, 2019, was RMB 76,061,000, down from RMB 87,602,000 in 2018, indicating a decline of 13.2%[14] - The liabilities to assets ratio remained stable at 0.66 for the year ended December 31, 2018, and increased to 0.69 for the year ended December 31, 2019[166] Revenue Breakdown - Revenue from property management services was RMB 189,138,000 in 2019, an increase of 11.7% from RMB 169,301,000 in 2018[14] - Revenue from value-added services rose to RMB 20,569,000 in 2019, up from RMB 19,389,000 in 2018, reflecting a growth of 6.1%[14] - Revenue from property management services, property developer related services, and value-added services contributed 69.1%, 23.4%, and 7.5% to the total revenue, respectively[80] - Revenue from residential properties increased by approximately RMB 9.8 million or about 9.6%, while non-residential properties saw an increase of approximately RMB 10.0 million or about 15.0%[88] Geographic Expansion and Market Presence - The company has established branches in Shanghai and Foshan, marking its entry into these markets[22][24] - The company aims to expand into five targeted cities: Shanghai, Taiyuan, Foshan, Zhengzhou, and Wuxi[38] - The company plans to focus on development opportunities in the Beijing-Tianjin-Hebei, Yangtze River Delta, and Pearl River Delta regions to achieve rapid growth in revenue and profits[56] - The company’s property management services revenue by geographic coverage indicates that the Beijing-Tianjin-Hebei region accounted for 90.6% of total revenue, amounting to RMB 171.413 million[98] Operational Efficiency and Strategy - The company has implemented various pandemic prevention measures to ensure the safety and well-being of property owners and residents[51] - The company has established a complete system for talent selection, training, evaluation, and promotion to enhance service quality[43] - The company has a strategic model of "Service + Six Ecosystems" to enhance customer experience[37] - The company outsourced cleaning, gardening, equipment maintenance, and site security services to independent third-party subcontractors to enhance operational efficiency[124] Future Plans and Investments - The net proceeds from the listing and the exercise of the over-allotment option amounted to approximately RMB116.2 million, which will be utilized for geographic expansion, information system development, and staff development[166] - Geographic expansion of property management services in the PRC is planned to utilize approximately HKD 61.3 million, accounting for 65.0% of the net proceeds[170] - Development and enhancement of information systems and technological initiatives are planned to utilize approximately HKD 12.9 million, accounting for 13.0% of the net proceeds[170] - Expansion of value-added services is planned to utilize approximately HKD 4.7 million in 2020 and HKD 5.2 million in 2021[170]