Financial Data and Key Metrics Changes - In 2021, the company achieved a revenue growth of 50.8%, reaching a total of 4.7 billion [14][15] - Net profit increased by 56.5%, amounting to 620 million, fulfilling the annual target set at the beginning of the year [15][14] - Operating cash flow reached 830 million, indicating a strong operational status [28] - The management expense ratio decreased to below 10% for the first time, reflecting improved efficiency [27] Business Line Data and Key Metrics Changes - The core property management service revenue grew by 51%, totaling 2.7 billion, with a new increase of over 900 million [17] - Community value-added services revenue reached 1.1 billion, maintaining a growth rate of 40% [17] - Non-owner value-added services saw a 51% increase, driven by steady growth in real estate and third-party developer collaborations [20] Market Data and Key Metrics Changes - The company expanded its operations to 124 cities, achieving a nationwide layout [4] - The signed area increased by 90 million square meters, with managed area growing by 70 million square meters [4] - The company served over 600,000 families, providing services to more than 2 million homeowners [4] Company Strategy and Development Direction - The company adheres to a four-wheel drive strategy, focusing on sustainable and healthy development [5] - It emphasizes a customer-centric approach, leveraging technology to enhance service quality and operational efficiency [10][9] - The company aims to maintain a long-term growth strategy, with a focus on strategic mergers and acquisitions to enhance its competitive edge [7][6] Management's Comments on Operating Environment and Future Outlook - The management acknowledged the challenges posed by the pandemic and real estate market fluctuations but expressed confidence in the company's resilience and growth potential [2][3] - Future strategies include a shift towards technology-driven operations and enhancing service quality to meet evolving market demands [34][36] - The management believes that the property management industry will continue to grow, with opportunities arising from market consolidation and policy support [31][32] Other Important Information - The company received an ESG rating of A, reflecting its commitment to social responsibility and sustainable practices [13] - Significant investments in technology, amounting to nearly 60 million, were made to enhance service capabilities and operational efficiency [10][4] Q&A Session Summary Question: What are the company's future growth strategies? - The company plans to focus on technology integration and enhancing service quality to adapt to market changes and customer needs [30] - It aims to maintain a long-term growth trajectory while exploring strategic partnerships and acquisitions to strengthen its market position [29] Question: How does the company view the current market environment? - The management believes that despite short-term challenges, the long-term growth potential of the property management industry remains strong, supported by government policies and market demand [31][32]

Financial Performance - CIFI Ever Sunshine Services Group Limited reported a revenue of approximately $300 million for the first half of 2021, representing a year-on-year increase of 15%[6]. - The company achieved a net profit margin of 12%, with net profit reaching around $36 million, up from $30 million in the same period last year[9]. - In the first half of 2021, the company's revenue grew by 53.1% to RMB 2,058.6 million, with a net profit attributable to shareholders of RMB 283.0 million, representing a year-on-year increase of 65.3%[54]. - Revenue from property management services for the first half of 2021 was RMB 1,146.71 million, a significant increase from RMB 801.40 million in the same period of 2020, representing a growth of 43%[71]. - The company's revenue for the reporting period was approximately RMB 2,058.6 million, an increase of 53.1% compared to RMB 1,344.9 million in the same period of 2020[93]. - The company reported a net profit of RMB 282,967 thousand, compared to RMB 171,174 thousand for the same period in 2020, representing a year-over-year increase of 65.3%[175]. - Gross profit rose by approximately 49.4%, from RMB 412.5 million to RMB 616.3 million, with a gross margin of 29.9% for the reporting period[98][99]. - The company’s total equity as of June 30, 2021, was RMB 3,197,184 thousand, up from RMB 2,782,251 thousand at the end of 2020, indicating a growth of 15.0%[175]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new cities in China by the end of 2022, aiming for a 25% increase in market share[6]. - CIFI Ever Sunshine Services is investing $50 million in new technology development to enhance smart city services, targeting a 30% improvement in operational efficiency[6]. - The company is actively pursuing strategic acquisitions, with plans to acquire two smaller service firms to enhance its service portfolio by Q4 2021[6]. - The company has established strategic partnerships with 21 property development enterprises or investment groups to enhance its market share[74]. - The company is focused on digital transformation, enhancing operational efficiency through the establishment of an integrated financial and operational system and IoT platform[62]. - The company is committed to deepening its business units and enhancing market development through innovative service methods[58]. - The company aims to enhance service quality while rapidly expanding its scale, ensuring long-term competitiveness[57]. Service Offerings and Customer Engagement - User data indicated a growth in service contracts, with a total of 1,200 new contracts signed, reflecting a 20% increase compared to the previous year[6]. - CIFI Ever Sunshine Services has launched a new customer engagement platform, aiming to increase customer satisfaction scores by 15% within the next year[6]. - The company emphasizes a tiered service model, offering specialized services such as "Platinum Butler" for high-end residential projects and "Universal Butler" for general residential properties[65]. - Revenue from community value-added services surged by approximately 99.6% to about RMB 519.7 million in the first half of 2021, driven by an increase in managed area and service family numbers[83]. - The company aims to enhance its community value-added services, which accounted for 25.2% of total revenue in the first half of 2021, maintaining a high level[83]. Operational Efficiency and Cost Management - The company reported a cash flow from operations of $80 million, indicating a strong liquidity position to support future growth initiatives[12]. - The company is committed to risk management and cost control through dynamic budgeting and comprehensive risk management mechanisms[60]. - The company implemented the "2385" plan, aiming for an 85% collection rate within three months for second-hand projects, enhancing operational efficiency[60]. - The company has established a training system for employees at different levels to enhance operational capabilities and promote a performance-driven culture[61]. - Service costs increased by approximately 54.7%, from RMB 932.4 million to RMB 1,442.3 million, primarily due to business scale expansion[97]. Financial Position and Investments - The net cash inflow from operating activities for the six months ended June 30, 2021, was approximately RMB 425.3 million, significantly up from RMB 240.0 million in the same period of 2020, driven by increased operating profit[117]. - The net cash outflow from investing activities for the first half of 2021 was RMB 440.5 million, compared to a net inflow of RMB 18.5 million in the same period of 2020, mainly due to the acquisition of Shanghai Xingyue[117]. - The company plans to allocate approximately 55% (RMB 375.6 million) of the net proceeds from its IPO for strategic acquisitions and investments, with RMB 215.4 million already utilized[127]. - The company has not pledged any assets as of June 30, 2021, and has no significant contingent liabilities that could adversely affect its financial position[122][123]. - The company anticipates that cash flows from operating activities will continue to be its primary source of liquidity in the foreseeable future[121]. Corporate Governance and Shareholder Structure - The company maintains high corporate governance standards and has adopted a corporate governance code, ensuring compliance during the reporting period[137]. - The board of directors confirmed strict adherence to the standard code regarding securities trading during the reporting period[138]. - As of June 30, 2021, the directors and key executives hold significant shares, with Mr. Lin Zhong and Mr. Lin Feng each owning 55.36% of the company through controlled entities[140]. - The total shares held by the major shareholders indicate a strong control over Xuhui Holdings, with the top two shareholders holding over 75% combined[145]. - The company continues to review and enhance its corporate governance practices to ensure accountability and shareholder value[137].

永升生活服务集团有限公司 EVER SUNSHINE LIFESTYLE SERVICES GROUP LIMITED (於開曼群島註冊成立的有限公司) 股份代碼：01995 用心構築美好 牛 Build a Better Life with Heart 成 为 客 户 首 选 的 智 慧 城 市 服 务 品 牌 808068 公司資料 2 獎項及榮譽 4 釋義 6 主席報告 10 錄 管理層討論及分析 13 董事及高級管理層履歷 34 目 企業管治報告 40 董事會報告 54 獨立核數師報告 74 綜合損益及其他全面收益表 79 綜合財務狀況表 80 綜合權益變動表 82 綜合現金流量表 83 綜合財務報表附註 85 財務概要 170 \\\\\\\\\\\\\\\\\\ 永 升 生 活 服 務 集 團 有 限 公 司 | 2020 年 度 報 告 2 公司資料 非執行董事 獨立非執行董事 授權代表 董事會 執行董事 林中先生（主席） 周洪斌先生 周迪先生（於2020年 3 月 30日獲委任） 林峰先生 葛明先生（於2020年 3 月 30日辭任） 馬永義先生 王鵬先生 張偉聰先生 公司秘書 李淑敏女士（於 ...

F ever Sunshine Lifestyle Services Group Limited 永升生活服务集团有限公司 (於開疊群島註冊成立的有限公司) 股份代號：01995 中期報告 彤心構築美好生 成為客戶首選的智慧城市服務品牌 ll s Mill 目錄 1 EVER SUNSHINE LIFESTYLE SERVICES GROUP LIMITED | INTERIM REPORT 2020 | --- | --- | --- | |-------|-------|------------------------------| | | | | | | | 公司資料 | | | | 獎項及榮譽 | | | | 釋義 | | | | 主席報告 | | | | 管理層討論及分析 | | | | 企業管治及其他資料 | | | | 簡明綜合中期財務報表審閱報告 | | | | 簡明綜合全面收益表 | | | | 簡明綜合財務狀況表 | | | | 簡明綜合權益變動表 | | | | 簡明綜合現金流量表 | | | | 簡明綜合中期財務報表附註 | 2 4 5 9 12 32 39 40 41 43 44 4 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion, representing a year-on-year growth of 25%[1] - Total revenue for the year increased by 74.5% year-on-year to RMB 1,877.8 million[17] - The net profit attributable to the owners of the company rose by 122.7% year-on-year to RMB 223.8 million[17] - Revenue from value-added services surged by 97.5% year-on-year, reaching RMB 807.8 million[16] - The company recorded a revenue of approximately RMB 1,877.8 million, an increase of 74.5% compared to RMB 1,075.8 million in 2018[57] - Property management services contributed RMB 1,069.99 million, accounting for 57.0% of total revenue, while community value-added services generated RMB 483.19 million, representing 25.7%[57] User Growth and Market Expansion - User data showed a total of 500,000 active users, an increase of 30% compared to the previous year[1] - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by the end of the next fiscal year[1] - The company intends to expand its geographical coverage to at least 100 cities over the next five years, leveraging strategic alliances with property developers[54] Strategic Initiatives - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to 25%[1] - New product launches are expected to contribute an additional HKD 200 million in revenue over the next year[1] - The company is considering strategic acquisitions to enhance its service offerings, with a budget of up to HKD 300 million allocated for potential deals[1] - The company has established strategic partnerships with several real estate developers to enhance its market share in property management services[38] Operational Efficiency and Cost Management - The company aims to reduce operational costs by 10% through efficiency improvements in the next fiscal year[1] - Research and development expenses increased by 10%, focusing on technology enhancements and service improvements[1] - The company implemented a smart property management system, enhancing operational efficiency and service quality through the integration of smart hardware and data feedback systems[24] Customer Satisfaction and Service Quality - Customer satisfaction ratings improved to 85%, reflecting a 5% increase from the previous year[1] - The company emphasizes a customer-centric approach, with a mission to "build a better life" and a vision to become the preferred smart city service brand[26] - The company has established a comprehensive service system that has been recognized and praised by homeowners, particularly during the pandemic[27] Workforce and Talent Development - The company has focused on talent development, attracting over 150 students annually to join its workforce, ensuring a continuous supply of skilled professionals[25] - The workforce increased to approximately 7,556 employees by December 31, 2019, up from 6,066 employees a year earlier[191] - The group has established comprehensive training programs to support employee development, covering various topics including orientation for new employees and professional technical training[191] Corporate Governance - The company has adopted a corporate governance code and has complied with its provisions during the reporting period ending December 31, 2019[125] - The board of directors is responsible for the overall leadership and strategic decision-making of the group, delegating daily management to senior management[127] - The company emphasizes the importance of acting in good faith and adhering to applicable laws and regulations in fulfilling its duties[127] Financial Position and Cash Flow - The company's cash and cash equivalents were approximately RMB 1,283.6 million as of December 31, 2019, reflecting a 10.6% increase from RMB 1,160.1 million in 2018[84] - The company reported a net cash inflow from operating activities of approximately RMB 508.7 million in 2019, a substantial increase from RMB 174.8 million in 2018, attributed to higher operating profit and better working capital management[88] - The company's trade receivables and notes receivable were approximately RMB 342.0 million as of December 31, 2019, an increase from RMB 162.0 million in 2018, consistent with revenue growth[81] Risk Management - The company has a risk management system that operates on three levels, involving department managers, a risk management center, and the board of directors[154] - The company emphasizes continuous information collection for risk management, focusing on market demand, technological trends, and financial performance[155] Community Engagement and Social Responsibility - The company is committed to long-term community engagement and innovation, positioning itself as a leading player in the property management industry[27] - Over 6,000 employees returned to work early during the COVID-19 pandemic, providing essential services such as disinfection and delivery of 35 tons of vegetables to residents[27]

Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion, representing a year-on-year growth of 25%[2]. - Total revenue for the first half of 2019 grew by 61.4% to RMB 707.8 million, with net profit attributable to the company increasing by 119.7% to RMB 90.5 million[12]. - Revenue for the six months ended June 30, 2019, was RMB 707,822 thousand, an increase of 61.5% compared to RMB 438,626 thousand for the same period in 2018[113]. - Gross profit for the same period was RMB 210,411 thousand, representing a gross margin of approximately 29.7%[113]. - Profit attributable to owners of the company was approximately RMB 90.5 million, an increase of about 119.7% from RMB 41.2 million in 2018[61]. - The group's gross profit increased by approximately 66.5% from RMB 126.4 million for the six months ended June 30, 2018, to RMB 210.4 million for the six months ended June 30, 2019[52]. User Growth and Market Expansion - User data showed an increase in active users to 1.5 million, up 30% compared to the previous year[2]. - The company is expanding its market presence, targeting an increase in service coverage to 50 new communities by the end of the year[2]. - The company expanded its geographical presence to 63 cities across China as of June 30, 2019[28]. - The company has diversified its service offerings to include management of industrial parks, hospitals, and educational institutions, enhancing its market presence[36]. Strategic Initiatives - A strategic acquisition of a local competitor was completed, enhancing the company's service capabilities and market share[2]. - The company acquired a 55% stake in Qingdao Yayuan Property Management Co., Ltd. for RMB 462 million, gaining management rights for several key landmark projects[15]. - The company secured a project from Singapore developer Keppel Land, covering an area of 470,000 square meters, and established strategic partnerships with various groups for property management services[15]. - The company has established strategic cooperation with Hengtai Commercial in the first half of 2019, marking a new era of collaborative service[18]. Service Quality and Customer Satisfaction - Customer satisfaction ratings improved to 85%, reflecting the effectiveness of new service initiatives[2]. - The "Platinum Butler" service was successfully piloted in high-end communities, leading to increased customer satisfaction and revenue from community family value-added services[17]. - The company is focusing on community value enhancement through diversified service offerings, including home living services and parking management, to improve residents' living experiences[25]. Financial Management and Investments - Investment in technology development increased by 15%, focusing on enhancing digital service platforms[2]. - The company plans to enhance its marketing strategy, allocating an additional HKD 50 million to digital marketing efforts[2]. - The company raised approximately HKD 619.8 million from its initial public offering (IPO) and an additional HKD 63.2 million from the exercise of the over-allotment option[87]. - Approximately 55% (HKD 375.6 million) of the IPO proceeds is allocated for strategic acquisitions and investment opportunities[87]. Operational Efficiency - The company aims to improve operational efficiency, targeting a reduction in costs by 10% through process optimization[2]. - In the first half of 2019, the company successfully implemented a financial shared service center pilot, fully launched the S-HR system, and promoted the PMS system, significantly improving operational efficiency[19]. - The company is committed to a technology-driven transformation in community services, aiming to enhance service quality and operational efficiency through smart community initiatives[19]. Revenue Breakdown - Property management services generated revenue of RMB 436.3 million, accounting for 61.6% of total revenue, with a significant increase due to the rapid growth in managed building area from approximately 40.2 million square meters to 49.0 million square meters[48][49]. - Community value-added services contributed RMB 141.3 million, representing 20.0% of total revenue, with a notable increase from RMB 53.9 million in the same period of 2018[48]. - Revenue from value-added services to non-owners increased by 54.0% to approximately RMB 130,200 thousand in the first half of 2019, compared to RMB 84,546 thousand in the same period of 2018, representing 18.4% of total revenue[39]. Shareholder Information - As of June 30, 2019, Mr. Lin Zhong and Mr. Lin Feng each hold 1,057,000,000 shares, representing 68.80% of the company's issued share capital[93]. - Major shareholder Lin Wei holds 1,057,000,000 shares, representing 68.80% of the company's issued share capital[101]. - The company has established a trust structure for its major shareholders, ensuring control and management of their equity interests[98][99]. Compliance and Governance - The company has complied with the corporate governance code during the reporting period[91]. - The audit committee consists of one non-executive director and two independent non-executive directors, ensuring proper financial oversight[106]. - The company has adopted a standard code for securities trading by its directors and has confirmed compliance during the reporting period[92].

EVER SUNSHINE LIFESTYLE SERVICES GROUP LIMITED F 永升生活服务集团有限公司 (於開曼群島註冊成立的有限公司) 股份代號：1995 用心構築美好生活 目錄 公司資料 頁次 2 獎項及榮譽 4 釋義 5 主席報告 8 管理層討論及分析 11 董事及高級管理層履歷 28 企業管治報告 36 董事會報告 50 獨立核數師報告 67 綜合損益及全面收益表 72 綜合財務狀況表 73 綜合權益變動表 75 綜合現金流量表 77 綜合財務報表附註 79 財務概要 146 公司資料 董事會 執行董事 林中先生（主席） 周洪斌先生 非執行董事 林峰先生 葛明先生 獨立非執行董事 馬永義先生 王鵬先生 張偉聰先生 公司秘書 楊靜文女士 授權代表 林中先生 林峰先生 戰略委員會 林中先生（主席） 林峰先生 周洪斌先生 審核委員會 張偉聰先生（主席） 林峰先生 馬永義先生 薪酬委員會 王鵬先生（主席） 林中先生 馬永義先生 提名委員會 林中先生（主席） 王鵬先生 馬永義先生 註冊辦事處 Cricket Square, Hutchins Drive P.O. Box 2681, Gran ...