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].

[Main Announcement Information](index=1&type=section&id=1.%20Main%20Announcement%20Information) [Announcement Overview](index=1&type=section&id=1.1%20Announcement%20Overview) Landsea Green Life announced its subsidiary's acquisition target, Beihai Langrun, achieved its 2023 profit guarantee, exceeding the target - Company Name: **Landsea Green Life Service Company Limited** (Stock Code: **1965**)[3](index=3&type=chunk) - Announcement Date: **July 11, 2024**[3](index=3&type=chunk) - Purpose of Announcement: To declare that the target company's 2023 audited core net profit has exceeded the profit guarantee[2](index=2&type=chunk)[5](index=5&type=chunk) [Transaction Background and Target Company Business](index=1&type=section&id=1.2%20Transaction%20Background%20and%20Target%20Company%20Business) The Group's subsidiary acquired Beihai Langrun in March 2023, managing 16,000 apartments across 13 cities - Acquirer: Langhong (Nanjing) Enterprise Management Co., Ltd., a wholly-owned subsidiary of the Group[3](index=3&type=chunk) - Target Company: Beihai Langrun Commercial Management Co., Ltd. and its subsidiaries[3](index=3&type=chunk) - Acquisition Completion Date: **March 31, 2023**[3](index=3&type=chunk) - Target Company Business: Provision of apartment operation and management services[3](index=3&type=chunk) - Management Scale: Approximately **16,000** asset-light entrusted management apartments, covering **13** first and second-tier cities[3](index=3&type=chunk) [2023 Profit Guarantee Fulfillment](index=1&type=section&id=1.3%202023%20Profit%20Guarantee%20Fulfillment) Beihai Langrun's 2023 audited core net profit of **RMB 29.4 million** surpassed the **RMB 26.6 million** guaranteed profit 2023 Profit Guarantee Fulfillment Status | Metric | Amount (RMB) | | :--- | :--- | | 2023 Guaranteed Profit | 26,600,000 | | 2023 Audited Core Net Profit | 29,402,430.20 | | Fulfillment Status | Exceeded Guaranteed Profit | [Corporate Governance](index=1&type=section&id=2.%20Corporate%20Governance) [Board of Directors](index=1&type=section&id=2.1%20Board%20of%20Directors) The Board of Directors consists of three executive, two non-executive, and three independent non-executive directors - Executive Directors: Mr. Tian Ming, Mr. Wu Xu, Ms. Xue Yuan[6](index=6&type=chunk) - Non-Executive Directors: Mr. Liu Yong, Ms. Liu Yan[6](index=6&type=chunk) - Independent Non-Executive Directors: Ms. Lu Mei, Mr. Lai Shu Sum, Ms. Katherine Rong Xin[6](index=6&type=chunk)

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。 ...

Financial Performance - Landsea Green Life reported a significant increase in revenue, achieving a total of HK$20 billion for the year, representing a growth of 15% compared to the previous year[2]. - The Group's revenue for the reporting period was approximately RMB 889 million, representing an increase of approximately 20.6% compared to RMB 737 million in the corresponding period[45]. - Gross profit for the period increased by approximately 6.5% to approximately RMB 198 million, up from approximately RMB 186 million for the corresponding period[45]. - Adjusted profit for the period was approximately RMB 64 million, indicating a decrease of approximately 5.9% compared to RMB 68 million in the corresponding period[45]. - As of December 31, 2022, the total GFA under management was 2,918,000 sq.m., with total revenue reaching RMB 62,178.6 million, representing a year-on-year growth rate of 32.3%[164]. - Revenue from residential properties was RMB 53,660.7 million, accounting for 86.3% of total revenue, with a year-on-year growth of 29.9%[164]. - Revenue from commercial and office buildings increased by approximately 40.1% to RMB 6,695.5 million, with GFA under management reaching 149,100 sq.m.[164]. - Urban services revenue reached RMB 1,822.4 million, marking a significant increase of 101.3% compared to the previous year, contributing to the Group's urban life service concept[165]. Customer Base and Satisfaction - The company has expanded its user base, now serving over 1 million customers, which is a 25% increase year-on-year[2]. - Customer satisfaction ratings have improved, with a reported score of 85% in the latest survey, up from 80% last year[2]. - The company offers a range of property management services, including security, cleaning, and maintenance, to enhance customer satisfaction and loyalty[157]. - The company aims to provide high-quality property management services and value-added services to various customers, including property developers[157]. Strategic Initiatives and Market Expansion - For the upcoming fiscal year, Landsea Green Life projects a revenue growth target of 10% to 12%, driven by new product launches and market expansion strategies[2]. - Landsea Green Life plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share in the region by 2025[2]. - The Group aims to explore non-residential and urban service areas to promote quality scale growth[68]. - The Group's strategic focus on non-residential markets, including public buildings and industrial parks, has contributed to the overall revenue growth and diversification of its business portfolio[166]. Sustainability and ESG Initiatives - Landsea Green Life has implemented a new sustainability strategy aimed at reducing carbon emissions by 20% over the next five years[2]. - The company is investing in the development of new green technologies, with a budget allocation of HK$500 million for R&D in the next two years[2]. - The company expressed gratitude to employees, investors, customers, and partners for their support in the development and transformation journey[74]. - The Group's ESG report released in April 2022 outlines efforts in sustainable community building and urban carbon neutrality[63]. - The company is committed to its roadmap to carbon neutrality, as outlined in its voluntary announcement[72]. Awards and Recognition - Landsea Green Life was awarded the "Most Valuable Property Company" at the 6th Annual Awards Ceremony for Golden Hong Kong Stock[20]. - The company ranked 23rd in the 2022 Top 100 Property Management Companies in China, maintaining its position for six consecutive years[23]. - The company received multiple awards for service quality and customer satisfaction, including "2022 Leading Enterprise in terms of Property Management Quality in Jiangsu"[25]. - On September 16, Landsea Green Life was granted several accolades, including "2022 TOP30 Property Companies with Comprehensive Strengths in China" and "2022 TOP20 Listed Property Companies in China"[28]. - The company was awarded the "2022 Role Model Company in terms of Customers' Satisfaction on Property Management in China"[28]. Leadership and Governance - The company has a strong leadership team with a focus on sustainable development and operational excellence[83]. - The executive team has extensive experience in real estate, with Ms. Zhou having nearly 25 years in business development and management[83]. - Mr. Wu Xu has been appointed as the CEO and executive Director since January 15, 2021, overseeing daily operations and business strategies[88]. - The company emphasizes the importance of independent judgment in its governance structure, ensuring accountability and performance evaluation[105]. - The board members have extensive experience in various industries, including consulting, education, and corporate governance, enhancing the company's strategic oversight[114][118]. Community Engagement and Services - The Group conducted a total of 616 community and social events throughout the year, with approximately 82 events independently planned by property owners[54]. - The Group actively engaged in the field of community elderly care and home decoration services to meet the actual needs of residents[48]. - The Group's community service staff worked over 16 hours daily during the pandemic, delivering more than 3,000 materials per day[59]. - The Group conducted 747 transactions in its trading business and 1,366 transactions in its lease business, with a total transaction amount of approximately RMB399 million[199]. Acquisitions and Growth - The company completed the acquisition of a local property management firm, which is expected to enhance its service offerings and increase operational efficiency[2]. - The Group completed the acquisition of Anhui Xindi Ruiyi Property Services Co., Ltd. in May 2022, enhancing its competitiveness in the Anhui and Shandong regions[50]. - The Group added 30 new projects through bidding, with a new contracted GFA of approximately 3.82 million sq.m. and a new GFA under management of approximately 5.22 million sq.m.[170]. - The acquisition of Dream Seeker on May 30, 2022, increased the Group's contracted GFA by approximately 7.03 million sq.m. and GFA under management by approximately 5.98 million sq.m.[176][178].

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 二 年 十 二 月 三 十 一 日 止 年 度 之 年 度 業 績 公 告 業績摘要 截至二零二二年十二月三十一日止年度，本集團業績如下： 1. 本集團收入達約人民幣8.89億元，較二零二一年同期收入約人民幣7.37 億元增加約20.6%。 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6.22億 元，佔 總 收 入 約70.0%， 較二零二一年同期收入約人民幣4.70億元增加約32.3%； (2) 非 業 主 增 值 服 務 實 現 收 入 約 人 民 幣1.87億 元 佔 總 收 入 約21.0%， ...

Financial Performance - The Group's revenue for the first half of 2022 was RMB 418 million, an increase of 29.4% compared to RMB 323 million in the same period last year[16]. - Gross profit for the period was RMB 105 million, representing a 38.2% increase from RMB 76 million in the corresponding period of last year[16]. - Profit for the period reached RMB 24 million, a significant increase of 71.4% compared to RMB 14 million in the same period last year[16]. - Revenue from property management services for the first half of 2022 was RMB 27,748.5 million, representing a year-on-year growth rate of 20.4%[67]. - Revenue from value-added services to non-property owners for the first half of 2022 totaled approximately RMB 10,753 million, representing a year-on-year growth of 52.1% compared to RMB 7,071 million in the same period of 2021[94]. - Revenue from community value-added services increased by approximately 50.0% to RMB 3,321.3 million in the first half of 2022, compared to RMB 2,216.7 million in the same period of 2021[107]. - The Group's cost of sales increased by approximately 26.7% from approximately RMB 247 million to approximately RMB 313 million, primarily due to increased staff headcount and subcontracting costs[142]. - Gross profit increased by approximately 38.2% from approximately RMB 76 million to approximately RMB 105 million, with a gross profit margin increase from approximately 23.7% to approximately 25.1%[143]. - Profit increased by approximately 71.4% from RMB 14 million for the six months ended June 30, 2021, to approximately RMB 24 million for the six months ended June 30, 2022, with a net profit margin of approximately 5.7%, up 1.2 percentage points from 4.5% in the prior year[160]. Business Expansion and Services - Revenue from community value-added services amounted to RMB 33 million, reflecting a substantial increase of 50.0% compared to RMB 22 million in the same period last year[17]. - The Group is focusing on customer asset services, expanding space operation services, and exploring community elderly care services[17]. - The Group aims to increase the proportion of revenue from community value-added services, positioning it as a key growth point for revenue and profit generation[39]. - The Group is focusing on developing diversified life services, driven by strong policy support for the property management industry[35]. - The Group's business model innovation continues to align with social development trends and customer demand[17]. - The Group is actively responding to national policies promoting diversified life services, including elderly care and housekeeping[17]. - The customer service mini program was fully launched, improving service experience and operational efficiency[27]. - The Group aims to enhance community value-added services to improve satisfaction and loyalty among property owners and residents[59]. - The Group is focusing on transforming from a traditional property service provider to a green life service provider, emphasizing sustainability and customer-centric innovation[55]. Market Position and Management - As of June 30, 2022, the total gross floor area (GFA) under management was 27.63 million sq.m., with a total contracted GFA of 36.49 million sq.m., serving over 230,000 households[24]. - The proportion of GFA under management from independent third parties increased to 56.2%, indicating enhanced market expansion capabilities[24]. - The Group completed the equity transfer of Anhui Xindi Ruiyi Property, adding approximately 7.03 million sq.m. of contracted GFA, strengthening its competitiveness in the commercial and office market[24]. - The company ranked 23rd among the "2022 Top 100 Property Management Companies in the PRC" based on overall strength, including management scale and service quality[46]. - Green projects under management accounted for approximately 28.9% of the total gross floor area, significantly higher than the average of 4.2% among the top 100 property companies[48]. - The company has received multiple recognitions, including being named a "Leading Property Management Company in terms of Service Quality" for five consecutive years[56]. - The Group established 14 partner companies, with 6 consolidated into the Group, enhancing its service capabilities[82]. Strategic Initiatives and Innovations - The strategic transformation towards a living service platform is based on customer needs and enhanced operational management[11]. - The Group plans to accelerate its transformation into a life service platform, enhancing operational management and service quality[39]. - The Group's ESG report outlines its commitment to building sustainable communities and contributing to carbon neutrality[34]. - The Group published its first ESG report and formulated a leading ESG development strategy for 2025, focusing on sustainability goals[129]. - Landsea Green Life is committed to reducing carbon emissions across all scenarios of urban community life, participating in the establishment of a professional committee for carbon neutrality[130]. - The Group is upgrading its digitalized smart systems and improving customer data security[196][198]. - A strategy analysis platform is being established to enhance internal development and upgrades[199]. Operational Metrics - The total GFA under management as of June 30, 2022, was 2,763.3 million sq.m.[67]. - The number of projects increased to 37, representing a year-on-year growth of 27 projects[78]. - The number of households served rose to 69,333, reflecting an impressive year-on-year growth of 884.1%[78]. - The average property management fee per sq.m. per month reached approximately RMB 2.15 as of June 30, 2022[87]. - The average property management fee for residential properties was approximately RMB 2 per sq.m. per month, while for commercial and office buildings it was approximately RMB 6.40[89]. - The Group's contracted GFA was approximately 36.49 million sq.m., with new contracted GFA of approximately 9.16 million sq.m. in the first half of 2022[62]. - The Group added 18 new projects through bidding, resulting in a new contracted GFA of approximately 2.13 million sq.m. and a new GFA under management of approximately 2.84 million sq.m.[77]. - The Group acquired 30 new projects, leading to a new contracted GFA of approximately 7.03 million sq.m. and a new GFA under management of approximately 5.98 million sq.m.[77]. Challenges and Future Outlook - The outlook for the second half of the year indicates significant potential for business development in life services, despite ongoing economic challenges[37]. - The revenue from urban services represented 1.1% of total revenue, with a significant decline of 42.1% year-on-year[67]. - The Group's revenue increased by approximately 29.4% from approximately RMB 323 million for the six months ended June 30, 2021, to approximately RMB 418 million for the six months ended June 30, 2022[134].