Financial Performance - Landsea Green Life reported a revenue of HK$1.2 billion for the fiscal year 2024, representing a year-on-year increase of 15%[1]. - The company achieved a net profit of HK$300 million, which is a 20% increase compared to the previous year[1]. - The company has set a revenue guidance of HK$1.5 billion for the next fiscal year, projecting a growth of 25%[1]. - The Group's revenue decreased by approximately 15.3% from approximately RMB931 million for the Year of 2023 to approximately RMB789 million for the Year of 2024[175]. - Revenue from property management services decreased by approximately 4.6% from approximately RMB703 million for the Year of 2023 to approximately RMB671 million for the Year of 2024[179]. - Revenue from value-added services to non-property owners decreased by approximately 77.4% from approximately RMB106 million for the Year of 2023 to approximately RMB24 million for the Year of 2024[180]. - Revenue from community value-added services decreased by approximately 20.9% from approximately RMB86 million for the Year of 2023 to approximately RMB68 million for the Year of 2024[181]. - Revenue from apartment operation and management services decreased by approximately 27.8% from approximately RMB36 million for the Year of 2023 to approximately RMB26 million for the Year of 2024[183]. - The Group's gross profit decreased by approximately 53.1% from approximately RMB145 million for the Year of 2023 to approximately RMB68 million for the Year of 2024[186]. - The gross profit margin decreased from approximately 15.6% for the Year of 2023 to approximately 8.6% for the Year of 2024[186]. User Engagement and Community Initiatives - User data indicates a growth in active users to 1.5 million, up 25% from the previous year[1]. - The company launched a "one-stop lifestyle service platform," significantly enhancing customer engagement through services like home management and retail, transitioning from basic operations to a comprehensive lifestyle ecosystem[66]. - In 2024, the company hosted 1,006 events, attracting over 34,000 registered users, transforming the community into an "emotional community"[67]. - The "Landsea Friends" APP registered users reached 34,000, with cumulative visits exceeding 470,000, facilitating high-frequency community interactions[163]. - A total of 1,006 activities were held throughout the year, engaging 85,000 residents, with 34.8% of activities planned by residents themselves[163]. Sustainability and Corporate Social Responsibility - Landsea Green Life is investing HK$200 million in new product development, focusing on sustainable living solutions[1]. - The company has adopted a management model prioritizing efficiency and dynamic optimization, divesting from long-term loss-making projects to focus on high-value areas[63]. - The company is committed to sustainability through initiatives like recycling old clothes to plant trees, creating a green ecological barrier in Northwest China[67]. - On April 29, 2024, Landsea Green Life released its "2023 Environmental, Social and Governance Report," emphasizing its commitment to the national "30-60" dual carbon goals[45]. - The company will enhance its public welfare initiatives, including a "Warm Winter Programme" providing 334 insulated jackets to students in high-altitude areas[67]. - The company is committed to exploring sustainable community carbon neutral pathways, with five related invention patents successfully applied for[171]. Market Expansion and Strategic Initiatives - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[1]. - Landsea Green Life is exploring potential acquisitions to enhance its service offerings, with a budget of HK$500 million allocated for this purpose[1]. - The company aims to build a comprehensive service ecosystem integrating "property + lifestyle + assets," enhancing its service offerings from basic operations to life empowerment[59]. - The company is expanding its long-term rental apartment sector using light-asset models across 12 core cities, creating a closed loop of "investment-operation-service"[64]. - The company aims for a compound annual growth rate in contracted area that exceeds the industry average over the next three years, focusing on high-potential areas like the Yangtze River Delta[69]. Awards and Recognition - Landsea Green Life has received several accolades for its sustainability initiatives, enhancing its brand reputation in the market[1]. - Landsea Green Life was awarded "TOP22 of 2024 TOP100 Property Management Companies in China" and recognized as a leading company in internet community operation and marketization of business[21]. - The company received three major industry awards at the "2024 China Property Comprehensive Strength Top 100 Enterprises Research Conference," including "22nd of 2024 Top 100 Property Management Companies in China" and "2024 Top 100 High-quality Service Property Management Companies in China"[25]. - At the "Towards New 2024 China Property Enterprises Comprehensive Strength Top 100 Summit," Landsea Green Life was awarded "21st in Comprehensive Strength of China's Property Enterprises in 2024" and recognized as a benchmarking enterprise in public building property services[28]. - The company was honored with the "2024 ESG Best Practice of China Listed Property Management Service Companies" at the "2024 China Property Management Industry Listed Property Enterprises Evaluation Research Report" release[31]. Management and Governance - Mr. Tian Ming was appointed as an executive director on March 28, 2024, and has over 20 years of experience in competitive strategy and property investment[85]. - Mr. Wu Xu, the CEO, oversees daily operations and has been with the group since May 2017, currently managing Nanjing Property Management[87][90]. - Ms. Xue Yuan, appointed as CFO on March 28, 2024, has held various positions within Landsea Group since February 2004, focusing on financial management[91][94]. - The company continues to strengthen its governance structure with the appointment of experienced directors[99][106]. - The leadership team has a strong educational background, with degrees from prestigious institutions such as Nanjing University and CEIBS[86][98]. Operational Efficiency and Cost Management - The company has implemented new strategies to improve operational efficiency, aiming for a 15% reduction in costs by the end of 2025[1]. - The company is strengthening its digital risk control system and optimizing its cost structure to reduce reliance on individual customers[75]. - Administrative expenses decreased by approximately 21.2% from about RMB 113 million in 2023 to approximately RMB 89 million in 2024, primarily due to savings in staff costs[194]. - The Group's cost of sales and services decreased by approximately 8.3% from approximately RMB786 million for the Year of 2023 to approximately RMB721 million for the Year of 2024[185].

Financial Performance - The group's revenue for the year ended December 31, 2024, was approximately RMB 789 million, a decrease of about 15.3% compared to RMB 931 million in the same period last year[2]. - Property management services generated revenue of approximately RMB 671 million, accounting for about 85.1% of total revenue, down approximately 4.6% from RMB 703 million in the previous year[2]. - The gross profit was approximately RMB 68 million, a decrease of about 53.1% from RMB 145 million in the same period last year, with a gross margin of 8.6%, down approximately 7 percentage points from 15.6%[4]. - The net loss for the year was approximately RMB 319 million, an increase of about 136.3% compared to a loss of RMB 135 million in the previous year[4]. - Total comprehensive loss for the year amounted to RMB 319,353,000, compared to RMB 135,353,000 in the previous year, representing a significant increase in losses[6]. - Basic loss per share was RMB 0.831, compared to RMB 0.349 in the previous year, indicating a deterioration in per-share performance[6]. - The group's net loss for the year increased by approximately 136.3% to RMB 319 million in 2024, driven by expected credit loss model impairment and goodwill impairment losses[97]. Revenue Breakdown - Non-owner value-added services generated revenue of approximately RMB 24 million, accounting for about 3.0% of total revenue, down approximately 77.4% from RMB 106 million in the previous year[2]. - Community value-added services generated revenue of approximately RMB 68 million, accounting for about 8.6% of total revenue, down approximately 20.9% from RMB 86 million in the previous year[2]. - The revenue from apartment operation and management services was approximately RMB 26 million, accounting for about 3.3% of total revenue, down approximately 27.8% from RMB 36 million in the previous year[2]. - Revenue from non-owner value-added services dropped significantly by approximately 77.4%, from about RMB 106 million in 2023 to approximately RMB 24 million in 2024[85]. - Revenue from community value-added services decreased by approximately 20.9%, from about RMB 86 million in 2023 to approximately RMB 68 million in 2024[86]. - Revenue from apartment operation and management services declined by approximately 27.8%, from about RMB 36 million in 2023 to approximately RMB 26 million in 2024[86]. Assets and Liabilities - Total assets decreased to RMB 842,042,000 from RMB 1,087,827,000 year-over-year, reflecting a decline in overall asset value[7]. - Total liabilities decreased to RMB 551,234,000 from RMB 691,267,000, showing a reduction in the company's debt levels[7]. - The company’s total equity attributable to shareholders decreased to RMB 318,330,000 from RMB 134,233,000, indicating a decline in shareholder equity[6]. - The asset-liability ratio as of December 31, 2024, is reported at 106.6%, a significant increase from 75.6% on December 31, 2023[121]. Operational Metrics - The total contracted area under management as of December 31, 2024, was approximately 33.62 million square meters, with the area under management decreasing by about 4.8% from the previous year[4]. - The company provided property management services to over 230,000 households across 188 managed properties[57]. - The total managed construction area as of 2024 is approximately 28.62 million square meters, with a revenue of RMB 67,102.3 million, reflecting a year-on-year decline of 4.6%[64]. - The company exited 24 projects in 2024 due to underperformance, resulting in a reduction of approximately 2.75 million square meters in management scale[61]. Cost Management - The company's administrative expenses were RMB 89 million, compared to RMB 113 million in the previous year[5]. - The group's selling and service costs decreased from approximately RMB 786 million in 2023 to about RMB 721 million in 2024, a reduction of approximately 8.3%[87]. - Selling expenses increased from approximately RMB 24 million in 2023 to about RMB 26 million in 2024, an increase of approximately 8.3%[90]. - Administrative expenses decreased by approximately 21.2% from RMB 113 million in 2023 to RMB 89 million in 2024, mainly due to savings in personnel costs[91]. Strategic Initiatives - The company is committed to enhancing its ecological service matrix, focusing on home aging transformation and community new retail as innovative business areas[54]. - The company launched an "one-stop lifestyle service platform," enhancing customer engagement through innovative community value-added services[51]. - The company plans to strengthen its digital risk control system and optimize cost structures to reduce reliance on single customers[54]. - Future strategies include deepening digital capabilities and embracing AI technologies to enhance customer service systems and maintain market leadership[80]. Market Position and Recognition - The company ranked 22nd in the "2024 Top 100 Property Service Enterprises in China" based on comprehensive strength factors such as management scale and growth potential[56]. - The company is actively expanding into non-residential markets, enhancing brand value and customer satisfaction through diversified service offerings[58]. Corporate Governance - The Audit Committee was established on June 15, 2021, in accordance with Listing Rule 3.21 and Corporate Governance Code D.3.3, consisting of three independent non-executive directors[128]. - The auditor, Tianzhi CPA Limited, confirmed that the figures in the performance announcement align with the audited consolidated financial statements for the fiscal year 2024[130].

Industry Trends - The property service industry is transitioning from growth-driven to quality-driven approaches, emphasizing service quality and value[9]. Financial Performance - Landsea Green Life reported unaudited consolidated interim results for the half-year ended June 30, 2024[9]. - The Group's total revenue for the six months ended June 30, 2024, was RMB 32,271.2 million, reflecting a year-on-year decline of 10.3%[34]. - Revenue from residential properties was RMB 28,971.9 million, accounting for 89.8% of total revenue, with a year-on-year decline of 7.0%[34]. - Revenue from property management services was RMB 322,712,000, down 10.3% from RMB 359,861,000 in the previous year[163]. - Revenue from community value-added services decreased by 15.0% year-on-year, totaling RMB 3,412.5 million for the six months ended June 30, 2024[57]. - Revenue from asset management services decreased by 55.7% year-on-year, totaling RMB 381.7 million, accounting for 11.2% of total revenue[57]. - The Group's revenue decreased by approximately 18.8% from approximately RMB483 million for the six months ended June 30, 2023, to approximately RMB392 million for the six months ended June 30, 2024[81]. - Profit for the period decreased by approximately 35.7% from RMB 14 million for the six months ended June 30, 2023, to approximately RMB 9 million for the six months ended June 30, 2024[98]. - The company reported a profit of RMB 11,146,000, compared to RMB 13,458,000 for the same period in 2023, representing a decrease of approximately 17.2%[136]. Operational Metrics - The Group's management scale reached 1.32 million sq.m. with an increase of 7 projects under management, while 14 projects were exited due to unsatisfactory operational efficiency[16]. - As of June 30, 2024, the total GFA under management amounted to approximately 31.98 million sq.m., serving over 240,000 households[26]. - The total contracted GFA was 39.41 million sq.m., with new consolidated contracted GFA for the period amounting to approximately 310,000 sq.m.[31]. - The GFA under management for commercial and office buildings was approximately 1.45 million sq.m. as of June 30, 2024[34]. - The Group exited 14 projects during the period, with an exit management scale of approximately 1.48 million sq.m.[32]. - The total GFA under management as of June 30, 2024, was approximately 17.43 million sq.m., accounting for about 58.3% of the consolidated GFA under management[40]. Community Engagement - The "Landsea Friends" customer community brand has gathered 220 themed groups nationwide, launching a total of 486 activities, with 162 organized by residents[19]. - The online "Landsea Friends" mini-program has attracted 32,000 registered users and accumulated over 411,000 visits since its launch[19]. - The "Landsea Friends" community brand held 486 events, attracting approximately 25,300 households, with 162 activities independently planned by residents[67]. Service Quality and Development - The Group emphasizes refined operations and sustainable development, enhancing service quality through standardized procedures and training programs[11]. - The Group aims to build a "warm community" by enhancing customer satisfaction through meticulous service and employee recognition[21]. - The Group's community value-added services include home-living services, public resources management, and asset management services to enhance customer quality of life[55][56]. Strategic Focus - The Group is focusing on long-term rental apartments and diversifying into non-residential sectors, adapting to national policies[16]. - The Group aims to enhance brand value and customer satisfaction through diversified income sources, including community value-added services[29]. - The Group's strategic focus includes reducing reliance on real estate business and enhancing the marketization of property operations[81]. - The Group aims to deepen the digitalization process and enhance the integration of technology in its operations for high-quality development[74]. Sustainability and ESG Initiatives - The 2023 ESG Report details the Group's commitment to sustainable development and energy-saving renovations[13]. - The Group is committed to advancing its ESG strategy, focusing on "warm and inclusive," "safe and healthy," and "green and low-carbon" areas, with a goal to improve ESG performance annually[75]. - The community composting initiative will expand from Nanjing to other districts in 2024, contributing to the Group's sustainability goals[79]. - The Group has successfully declared five invention patents related to waste management and carbon emission management, supporting its green development initiatives[79]. Financial Position and Assets - Current assets amounted to approximately RMB 648 million as of June 30, 2024, representing a decrease of approximately 6.2% from approximately RMB 691 million as of December 31, 2023[99]. - Total assets as of June 30, 2024, amounted to RMB 1,044,706,000, a decrease from RMB 1,087,827,000 at the end of 2023[135]. - Total liabilities decreased to RMB 769,220,000 from RMB 822,727,000 at the end of 2023, indicating a reduction of 6.5%[135]. - The gearing ratio was approximately 1.2% as of June 30, 2024, indicating low leverage[115][116]. - The Group had no bank borrowings as of June 30, 2024[110]. Employee and Operational Costs - Employee benefit expenses for the six months ended June 30, 2024, were RMB 174,305,000, compared to RMB 220,976,000 in the same period of 2023, indicating a decrease of 21.1%[175]. - The total employee wages, salaries, and bonuses decreased to RMB 145,360,000 in 2024 from RMB 175,471,000 in 2023, a reduction of 17.2%[190]. - Administrative expenses decreased by approximately 24.1% from approximately RMB 58 million to approximately RMB 44 million, primarily due to savings in staff costs[93]. Risk Management - The Group's financial risk management policies remain unchanged since December 31, 2023, and include continuous assessment of market, credit, and liquidity risks[155]. - The Group has not used financial derivatives to hedge interest rate or foreign exchange risks, and all bank interests were received at fixed rates[121][123].

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 之 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 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 之 任 何 損 失 承 擔 任 何 責 任。 Landsea Green Life Service Company Limited 朗詩綠色生活服務有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1965） 截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

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 之 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或 任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 須予披露及關連交易 達成溢利保證 誠如該等披露所載，第一賣方向買方承諾，根據香港財務報告準則，目標公司於 二 零 二 三 年 的 經 審 核 除 稅 後 純 利（ 經 扣 除 非 經 常 性 損 益 ）將 不 低 於 人 民 幣 26,600,000元（「二零二三年保證溢利」）。 香港，二零二四年七月十一日 Landsea Green Life Service Company Limited 朗 詩 綠 色 生 活 服 務 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1965） 誠如該等披露所載，於二零二二年十二月十六日，朗鴻（ 南京 ）企業管理有限公司 （「買方」，為本集團全資附屬公司 ）與南京朗郡商業管理有限公司（「第一賣方」）及 北海朗潤商業管理有限公司（「目標公司」）（ 其中包括 ）簽訂股權轉讓協議（ 經修訂 ） ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of HK$1.2 billion, representing a year-on-year growth of 25%[5]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to HK$1.44 billion[5]. - A dividend of HK$0.05 per share was declared, reflecting a payout ratio of 30% of net profits[5]. - The company reported a significant increase in revenue, achieving a total of $500 million for the fiscal year, representing a 20% year-over-year growth[87]. - The company provided guidance for the next fiscal year, projecting revenue growth of 25% and aiming for $625 million[87]. - The total revenue from property management services in 2023 was approximately RMB 703.15 million, representing a year-on-year growth of 13.0%[130]. - Revenue from residential properties was RMB 614.10 million, accounting for 87.3% of total revenue, with a year-on-year growth of 14.4%[130]. - The Group's revenue increased by approximately 4.7% from approximately RMB 889 million in 2022 to approximately RMB 931 million in 2023[178]. - Revenue from property management services rose by approximately 13.0% from approximately RMB 622 million in 2022 to approximately RMB 703 million in 2023, primarily due to an increase in the number of projects and GFA under management[181]. User Engagement and Market Expansion - User data showed a total of 500,000 active users, an increase of 30% compared to the previous year[5]. - The company plans to enhance its digital platform, expecting a 40% increase in user engagement through improved services[5]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by 2025[5]. - The company is expanding its market presence, targeting three new cities for property management services in the upcoming year[87]. - The Group's property management services covered 37 cities, with a total GFA under management of approximately 30.06 million sq.m., serving over 250,000 households[120]. Strategic Initiatives and Acquisitions - The company completed a strategic acquisition of a local competitor, enhancing its service capabilities and market reach[5]. - A strategic acquisition of a local competitor was completed, which is anticipated to increase market share by 10%[87]. - The acquisition of Beihai Langrun was completed on March 31, 2023, managing over 16,000 entrusted management apartments and generating approximately RMB 36 million in revenue from apartment operation and management services[165]. Research and Development - Research and development investments increased by 10%, focusing on green technology innovations[5]. - The company is investing $10 million in research and development for new technologies in property management[87]. - The Company applied for patents for three new research projects related to environmentally friendly practices and carbon emission management during the reporting period[175]. Sustainability and ESG Initiatives - The management emphasized a commitment to ESG initiatives, aiming for a 50% reduction in carbon footprint by 2030[5]. - The management team emphasized a focus on sustainability, aiming to reduce operational carbon footprint by 15% over the next three years[87]. - The Group's ESG governance strategy focuses on three areas: "warm and inclusive," "safe and healthy," and "green and low-carbon," with corresponding quantitative management goals[171]. Community Engagement and Services - Landsea Green Life established 188 community care centers across 34 cities, 156 communities, and 32 sales sites, providing 13 services including drinking water and basic first-aid, operating 24/7[38][47]. - The "Landsea Friends" mini-program platform was launched on January 31, enhancing community engagement among residents[35]. - The online Landsea Friends APP was launched, attracting 30,400 registered users and 368,222 cumulative visits, facilitating 848 community activities with approximately 72,000 participants[161]. - Community value-added services generated total revenue of RMB 86.3 million in 2023, a year-on-year growth of 7.5% compared to RMB 80.2 million in 2022[158]. - Home-living services accounted for 55.5% of total community value-added services revenue, with a year-on-year growth rate of 22.2%[158]. Operational Efficiency and Management - Operational efficiency was enhanced through strict financial management and a focus on real-time collection rates and cash flow, leading to a significant decrease in human resources and sales costs[55]. - Financial management was tightened with a more rigorous financial assessment approach, prioritizing real-time collection rates and cash flow analysis[58]. - The Group's intelligent management systems for community visitors and parking achieved full project coverage for visitor management and over 90% coverage for intelligent parking management[170]. - The Group initiated the construction or optimization of income and expenditure management platforms, taxation management platforms, and payment channels in 2023 to enhance management efficiency[172]. Awards and Recognition - Landsea Green Life was selected as one of the Top 30 New Shares of the 100 Hong Kong Listed Companies at the Hong Kong Listed Companies Development Summit Forum[21]. - The company ranked 39th in the "China Property Service Satisfaction" report and had five cities recognized as Top 10 Satisfaction Cities[21]. - Landsea Green Life was awarded "TOP23" in the 2023 China Top 100 Property Management Companies list and received five additional honors related to market-oriented operations and social responsibility[22]. - The company won the "2023 Best ESG Practice of Chinese Listed Property Enterprises" award at a conference held on May 10[24]. - Landsea Green Life achieved "TOP21" in the 2023 China Listed Property Enterprise rankings and received an ESG rating of BBB[25]. - The company was recognized as "TOP23" in the Comprehensive Strength of China's Property Management Companies and received multiple awards for customer satisfaction and service quality[27]. - The Group ranked 23rd among the "2023 Top 100 Property Management Companies in the PRC" based on overall strength, including property management scale and operational performance[119].

Financial Performance - The group's revenue reached approximately RMB 931 million, an increase of about 4.7% compared to RMB 889 million in the same period last year[2]. - Revenue from property management services was approximately RMB 703 million, accounting for 75.5% of total revenue, representing a 13.0% increase from RMB 622 million in the previous year[2]. - Gross profit was approximately RMB 145 million, a decrease of about 26.8% from RMB 198 million in the same period last year, with a gross margin of 15.6%, down 6.7 percentage points from 22.3%[4]. - The net loss for the year was approximately RMB 135 million, a decline of about 565.5% compared to a profit of RMB 29 million in the previous year[4]. - The company reported a total revenue of 32,797 million RMB for the year, with a net loss attributable to shareholders of 134,233 million RMB[9]. - The company's earnings per share (EPS) was reported at (0.349) RMB, compared to 0.074 RMB in the previous year[9]. - The company reported a total revenue of RMB 801.433 million, an increase from RMB 651.219 million, marking a growth of about 23%[12]. - For the fiscal year ending December 31, 2023, the company reported a loss attributable to equity holders of RMB 134,233 thousand, compared to a profit of RMB 28,420 thousand for the previous year[37]. - The basic loss per share for the fiscal year 2023 was RMB (0.349), a decrease from RMB 0.074 in 2022[38]. Assets and Liabilities - The company’s total assets reached 1,087,827 thousand RMB, an increase from 1,060,977 thousand RMB in the previous year[10]. - The company’s current liabilities amounted to 691,267 thousand RMB, a decrease from 897,207 thousand RMB in the previous year[10]. - Total liabilities increased to RMB 822.727 million, up from RMB 661.949 million year-over-year, representing a growth of approximately 24.2%[12]. - Total equity decreased to RMB 265.100 million from RMB 399.028 million, indicating a decline of about 33.6%[12]. - The company’s total liabilities and equity amounted to RMB 1,060.977 million, down from RMB 1,087.827 million, indicating a decrease of about 2.5%[12]. - The company’s trade receivables were reported at 215,188 thousand RMB, compared to 309,095 thousand RMB last year[10]. - The company recorded a provision for impairment of trade receivables amounting to RMB 195,881,000 in 2023, compared to RMB 48,387,000 in 2022, showing a significant increase in provisions[51]. - The company's trade payables were RMB 265,418,000 as of December 31, 2023, compared to RMB 148,201,000 in 2022, representing an increase of approximately 79%[52]. Operational Highlights - The total signed construction area as of December 31, 2023, was approximately 37.46 million square meters, with the area under management increasing by about 3.0% to 30.06 million square meters compared to the previous year[4]. - The company achieved a new contract building area of approximately 3.03 million square meters in 2023, with 93.7% of this coming from independent third-party clients[74]. - The company expanded its service offerings by acquiring the light asset business of Langshi, targeting a younger customer demographic[66]. - The company established 188 service stations across 34 cities, providing essential services to the community[63]. - The company successfully held 848 community events, with 168 events planned by residents themselves, enhancing community engagement[65]. Revenue Streams - Revenue from non-owner value-added services decreased approximately 43.3% from about RMB 187 million in 2022 to approximately RMB 106 million in 2023, impacted by fluctuations in the real estate market[108]. - Revenue from community value-added services increased approximately 7.5% from about RMB 80 million in 2022 to approximately RMB 86 million in 2023, attributed to the growth in managed building area and increased income from home living services[108]. - Home living services generated RMB 4,789.2 million in revenue, accounting for 55.5% of total revenue, with a year-on-year growth of 22.2%[91]. - The total revenue from urban services amounted to approximately RMB 1,946 million, which is a 6.8% increase compared to the same period in 2022[77]. Strategic Initiatives - The company has launched multiple ESG management initiatives, including regular collection and analysis of resource usage and carbon emission data[104]. - The company aims to achieve its ESG management goals by integrating them with business development strategies and operational management objectives[102]. - The company is committed to promoting environmental, social, and governance (ESG) initiatives to drive healthy business development and create value for stakeholders[102]. - The company has implemented digital construction projects to enhance customer service experience and operational efficiency, achieving full coverage of project service numbers by December 31, 2023[99]. Governance and Compliance - The audit committee has reviewed the consolidated financial statements for the year 2023 and discussed accounting principles and internal controls with management[157]. - The company has adhered to all applicable corporate governance codes throughout 2023[147]. - There have been no other significant subsequent events since December 31, 2023[155]. - The company's annual performance announcement is aligned with the audited consolidated financial statements for the year ending December 31, 2023[159].

Financial Performance - Landsea Green Life Service Company reported unaudited consolidated interim results for the six months ended June 30, 2023[13]. - Revenue for the six months ended June 30, 2023, was RMB 483,438,000, an increase of 15.6% compared to RMB 418,228,000 for the same period in 2022[189]. - Gross profit for the same period was RMB 86,739,000, down 17.5% from RMB 105,207,000 in 2022[189]. - Operating profit decreased to RMB 15,199,000, a decline of 50.1% from RMB 30,326,000 in the previous year[189]. - Profit for the period was RMB 13,904,000, down 41.8% from RMB 23,874,000 in 2022[189]. - The profit for the period as of June 30, 2023, was RMB 13,458,000, compared to RMB 22,553,000 for the same period in 2022, reflecting a decline of approximately 40.5%[199]. - Total comprehensive income for the period ended June 30, 2023, was RMB 13,277,000, down from RMB 25,991,000 in the previous year, indicating a decrease of about 48.9%[199]. - The Group's gross profit decreased by approximately 17.1% from approximately RMB 105 million for the six months ended June 30, 2022, to approximately RMB 87 million for the six months ended June 30, 2023[119]. - The Group's revenue from property management services for the first half of 2023 was approximately RMB 35,986.1 million, representing a year-on-year growth rate of 30.0%[49]. Community and Environmental Initiatives - Landsea Green Life actively supports the national "dual-carbon strategy" and has published the 2022 Environmental, Social and Governance Report[19]. - The company is conducting research on green and low-carbon community construction in collaboration with Nanjing University[19]. - Landsea aims to enhance community environmental governance by investing in research results from green operations[19]. - The Group's ESG strategy focuses on "warm and inclusive", "safe and healthy", and "green and low-carbon" initiatives, contributing to global sustainable development goals[100]. - The Group initiated research on carbon reduction and green operation in communities, focusing on carbon emission management and waste management[101]. Service Quality and Customer Satisfaction - The company has been committed to high-quality service for 18 years, standardizing service delivery across more than 200 projects[14]. - Landsea's focus on customer satisfaction and service standardization is central to its development strategy[14]. - The company emphasizes the importance of a healthy and sustainable living environment for its community residents[19]. - The Group's community value-added services aim to enhance satisfaction and loyalty among property owners and residents[39]. - The Group launched the "Extreme Case" initiative to showcase sustainable community practices and high-standard urban services[18]. Business Expansion and Project Management - As of June 30, 2023, the Group managed approximately 30.64 million sq.m. of gross floor area (GFA), reflecting a net increase of about 5.0% from December 31, 2022[25]. - The Group successfully acquired 16 new projects during the period, with a total scale of 1.93 million sq.m. under management[25]. - Approximately 57.9% of the GFA under management was attributed to third-party expansions as of June 30, 2023[25]. - The number of non-residential projects bid in the market accounted for approximately 58.3% of total market expansion in the first half of 2023[25]. - The Group is actively expanding into undeveloped regional markets and increasing the types of project management business[45]. Revenue and Financial Metrics - The revenue from community value-added services increased by approximately 21.2% year-on-year, reaching RMB 40.34 million in the first half of 2023[82]. - Revenue from residential properties accounted for 86.5% of total revenue, with a GFA under management of 2,924.6 million sq.m. and a revenue increase of 29.1% year-on-year[49]. - The average property management fee per sq.m. per month as of June 30, 2023, reached approximately RMB 2.07, with residential properties averaging RMB 1.85 and commercial and office buildings averaging RMB 6.84[65]. - The total revenue from public resource management services increased by approximately 41.5% compared to the same period in 2022[87]. - The total revenue from the asset management business recorded a decrease of approximately 21.7% compared to the same period in 2022, with 147 trading transactions and 500 leasing transactions amounting to approximately RMB 266 million[90]. Employee and Operational Metrics - As of June 30, 2023, the Group had a total of 3,561 employees, a decrease from 3,891 employees as of December 31, 2022[160]. - Nearly 400 employees obtained first-aid qualification certificates to enhance service quality and risk management[23]. - The Group established 17 partner companies, with 7 consolidated into the Group, enhancing its service capabilities and market reach[62]. - The Group's intelligent management systems for community visitors and parking achieved full project coverage, with over 90% of its own projects utilizing the intelligent parking management system[96]. Financial Position and Ratios - Total assets as of June 30, 2023, amounted to RMB 1,133,950,000, an increase from RMB 1,060,977,000 at the end of 2022[195]. - Total liabilities increased to RMB 720,369,000 from RMB 661,949,000 at the end of 2022, resulting in a debt-to-asset ratio of approximately 63.5%[194][196]. - The gearing ratio was approximately 0.78% as of June 30, 2023, indicating low leverage[163]. - The liabilities to assets ratio was approximately 63.5% as of June 30, 2023, up from 62.4% as of December 31, 2022[180]. - Cash and cash equivalents decreased by approximately 54.7% from approximately RMB 358 million as of December 31, 2022, to approximately RMB 162 million as of June 30, 2023, mainly due to net cash used in operating activities[140].

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之內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對 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之任何損 失承擔任何責任。 Landsea Green Life Service Company Limited 朗 詩 綠 色 生 活 服 務 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1965） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 業績摘要 截至二零二三年六月三十日止中期，本集團業績如下： 1. 本集團收入達約人民幣4.83億元，較2022年同期收入約人民幣4.18億 元增加約15.6%。 2. 本集團按業務線劃分的收入如下： (1) 物業管理服務實現收入約人民幣3.60億元，佔總收入約74.5%，較 2022年同期收入約人民幣2.77億元增加約30.0%； (2) 非 業 主 增 值 服 務 實 現 收 入 約 人 民 幣0.70億 元，佔 總 收 入 約 14.5%，較2022年同期收入約人民幣1.08億元減少約35.2%； ...

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之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 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。 Landsea Green Life Service Company Limited 朗 詩 綠 色 生 活 服 務 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1965） 澄清公告 有關截至二零二二年十二月三十一日止年度的年報的補充公告 茲提述朗詩綠色生活服務有限公司（「本公司」）於二零二三年四月二十七日發佈的 截至二零二二年十二月三十一日止年度的年報（「年報」）。除另有所指外，本公告 所用詞彙與年報所界定者具有相同涵義。 除年報所披露的資料外，本公司謹此提供以下資料： (i) 第111頁「有關股份計劃的其他資料」一節中 概無根據股份期權計劃及股份獎勵計劃各自設定服務供應商分限額。 ...