Financial Performance - In 2022, the Group achieved revenue of RMB1,103.1 million, representing a decrease of 2.4% compared to 2021[26]. - Gross profit for the year was RMB256.4 million, reflecting a decline of 20.0% from the previous year[26]. - Net profit reached RMB93.9 million, down 32.2% compared to 2021[26]. - The Group's revenue for the reporting period was RMB 1,103.1 million, a decrease of 2.4% compared to RMB 1,130.0 million in the same period of 2021[87]. - Revenue from property management services increased by 10.8% to RMB 834.7 million, up from RMB 753.6 million in 2021, due to rapid expansion in managed building area[88]. - Revenue from value-added services to non-property owners decreased by 30.9% to RMB 124.6 million, down from RMB 180.3 million in 2021, primarily due to a reduction in service projects[89]. - Community value-added services revenue fell by 26.7% to RMB 143.8 million, down from RMB 196.1 million in 2021, mainly due to decreased parking space sales[90]. - Gross profit decreased by approximately 20.0% to RMB 256.4 million from RMB 320.4 million in 2021, attributed to reduced revenue from value-added services[92]. - The Group's gross profit margin was 23.2%, a decrease of 5.2 percentage points from 28.4% in 2021, mainly due to lower margins in value-added services[95]. Operational Expansion - The Group managed a total gross floor area (GFA) of 44.864 million sq.m., with a growth rate of 23.28% compared to 2021[25]. - The GFA of market-oriented extension was 21.4067 million sq.m., accounting for 47.71% of the total GFA under management, representing an increase of 11.78% from 2021[25]. - The total managed area reached 54.83 million square meters, an increase of 4.24% from 2021, while the total construction area under management was 44.86 million square meters, growing by 23.28%[28]. - The number of projects managed by Redsun Properties Group increased to 285 as of December 31, 2022, compared to 234 projects in the previous year[75]. - As of December 31, 2022, the company expanded its geographic presence to 55 cities in China, up from its initial base in Nanjing[77]. Strategic Initiatives - The Group defined 2022 as the "Customer Value Year," focusing on quality services and expanding value-added services[24]. - The Group signed cooperation agreements with various sectors, including biomedical, cultural tourism, and industrial park projects, to enhance its non-residential service portfolio[27]. - The Group launched the "Redsun Mode 2.0" to enhance service quality, aiming to provide "satisfying + exceeding expectation" services[32]. - The Group emphasized the integration of smart technology to achieve steady growth in management scale and profitability[24]. - The Group's business model focuses on penetrating the Greater Jiangsu Region, strengthening its foothold in the Yangtze River Delta Region, and expanding into core cities, emphasizing a customer-centered service philosophy[61][62]. Challenges and Industry Outlook - The property management industry faced challenges due to the overall downturn in the upstream real estate sector and the impact of COVID-19 on payment rates[20]. - The property management industry saw a slowdown in growth, with listed companies experiencing reduced revenue and net profit growth rates[44]. - The property management industry is expected to continue expanding in 2023, but the overall growth rate will be significantly slower than in 2022, shifting focus from scale expansion to quality growth[134]. Future Goals - Looking ahead to 2023, the Group aims to improve quality and efficiency, enhance customer satisfaction, and gain recognition from property owners and customers[40]. - The Group aims to enhance service quality, profitability of individual projects, and brand value to achieve quality and efficacy while maintaining scale growth[134]. - The Group plans to establish a foothold in the community and home elderly care service industry, leveraging customer density and property owner loyalty in Jiangsu Province[155]. - The Group aims to develop standardized service product lines for elderly care to cater to diverse customer needs, seeking new profit growth points while responding to government initiatives[157]. Employee and Organizational Development - As of December 31, 2022, the Group employed 3,446 employees, with 2,796 in residential property management, 328 in commercial property management, and 322 in public construction property management[168]. - The Group's employee remuneration is based on duties, performance, and market levels, supported by a competitive incentive plan and talent cultivation scheme[169]. - The Group has implemented a systematic "five-talent scheme" to enhance talent quality and broaden its talent pool[174]. - The Group has established a "service capability nurturing center" to cultivate key customer service talents[177]. Financial Management - The Group's total equity increased by 9.6% to RMB 890.2 million from RMB 812.3 million in 2021, primarily due to operating profit growth[116]. - Income tax expense decreased by approximately 29.9% to RMB 34.1 million from RMB 48.6 million in 2021, mainly due to a decrease in profit before tax[114]. - Trade receivables increased by approximately 56.3% to RMB 191.0 million from RMB 122.2 million in 2021, due to more projects under management and lower collection rates[118]. - The cost of sales and services increased by approximately 4.6% to RMB 846.8 million in 2022, up from RMB 809.6 million in 2021, attributed to higher subcontracting costs due to operational scale expansion[86]. Capital Allocation - The net proceeds from the initial public offering amounted to approximately HK$398 million, with an additional HK$62.1 million from the full exercise of the over-allotment option[176]. - As of December 31, 2022, 40% of the net proceeds (HK$184 million) was allocated for selective strategic investment and acquisition, with HK$154 million used[182]. - 30% of the net proceeds (HK$138 million) was designated for R&D and upgrade of intelligent systems, with HK$90 million utilized and HK$48 million remaining[182]. - 10% of the net proceeds (HK$46 million) was allocated for improving service quality, with HK$42 million used[182].

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 容而引致之任何損失承擔任何責任。 Redsun Services Group Limited 弘 陽 服 務 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1971） 截至2022年12月31日止年度業績公告 摘要 截至2022年12月31日止年度，本集團業績如下： 1. 本集團收入達人民幣1,103.1百萬元，較2021年同期收入人民幣1,130.0百萬元下降 2.4%。 2. 本集團業務類型收入如下： • 物業管理服務實現收入人民幣834.7百萬元，佔總收入75.7%，較2021年同期收 入人民幣753.6百萬元增加10.8%； • 非業主增值服務實現收入人民幣124.6百萬元，佔總收入11.3%，較2021年同期 收入人民幣180.3百萬元下降30.9%； ...

Q RSUN SERVICE REDSUN SERVICES GROUP LIMITED 弘陽服務集團有限公司 (incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號：1971 AAAAAAA INTERIM REPORT 2022中期報告 CONTENT S 目 錄 02 Corporate Information 公司資料 06 Financial Highlights 財務摘要 08 Management Discussion and Analysis 管理層討論與分析 27 Corporate Governance/Other Information 企業管治╱其他資料 33 Independent Review Report 獨立審閱報告 35 Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 中期簡明綜合損益及其他全面收入表 36 Inter ...

Q RSUN SERVICE REDSUN SERVICES GROUP LIMITED 弘陽服務集團有限公司 (incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號：1971 ANNUAL REPORT 2021 年報 ELLOBELD FOR IN BO STATION Rsun3680 M | --- | --- | |-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Q RSUN SERVICE REDSUN SERVICES GROUP LIMITED 弘陽服務集團有限公司 (incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號：1971 INTERIM REPORT 2021中 期 報 告 CONTENTS 目 錄 2 6 8 28 33 Independent Review Report 獨立審閱報告 35 Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 中期簡明綜合損益及其他全面收入表 36 Interim Condensed Consolidated Statement of Financial Position 中期簡明綜合財務狀況表 Corporate Information 公司資料 Financial Highlights 財務摘要 38 Interim Condensed Consolidate ...

♡ RSUN SERVICE REDSUN SERVICES GROUP LIMITED 弘陽服務集團有限公司 (incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號：1971 | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | N M BE BE BE BE ...

★ ★ INTERIM REPORT 中期報告 NN NE WILLING O RSUN SERVICE REDSUN SERVICES GROUP LIMITED 弘陽服務集團有限公司 (incorporated in the Cayman Islands with limited liability) (於関曼群島註冊成立的有限公司) Stock Code 股份代號：1971 * 29 Independent Review Report 獨立審閱報告 31 Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 中期簡明綜合損益及其他全面收入表 錄 CONTENT S 32 Interim Condensed Consolidated Statement of Financial Position 中期簡明綜合財務狀況表 02 Corporate Information 公司資料 34 Interim Condensed Consolidated Statement of Chang ...