Financial Performance - In 2024, First Service Holding Limited achieved total revenue of RMB 1,327.0 million, representing a year-on-year growth of approximately 9.6%[20] - The gross profit for 2024 was RMB 309.7 million, reflecting a year-on-year increase of about 1.6%[20] - The company reported a net loss of RMB 6.3 million for the year, but core profit, excluding impairment losses, was RMB 141.9 million[20] - Revenue increased from RMB 1,210.9 million for the year ended December 31, 2023, to RMB 1,327.0 million for the year ended December 31, 2024, marking an increase of approximately 9.6%[31] - Property management service revenue rose from RMB 869.5 million to RMB 956.4 million, an increase of approximately 10.0% due to the growth in managed building area[32] - Revenue from value-added services increased by approximately 14.7% to RMB 235.8 million for the year ended December 31, 2024, compared to RMB 205.5 million for the previous year[39] - The net profit for the year turned into a loss of RMB 6.3 million for the year ending December 31, 2024, compared to a profit of RMB 70.1 million for the year ending December 31, 2023, representing a decrease of approximately 108.9%[54] Asset and Liability Management - Non-current assets increased to RMB 374.9 million in 2024 from RMB 305.5 million in 2023, marking a significant growth[9] - Current assets rose to RMB 1,309.5 million in 2024, up from RMB 1,166.4 million in 2023[9] - Total assets reached RMB 1,684.4 million in 2024, compared to RMB 1,471.9 million in 2023, indicating a robust asset growth[9] - Total liabilities increased from RMB 758.1 million to RMB 1,013.1 million, resulting in an increase in the debt-to-asset ratio from 51.5% to 60.1%[60] - Trade and other receivables decreased by approximately 3.0% from RMB 571.2 million as of December 31, 2023, to RMB 554.3 million as of December 31, 2024, due to increased impairment provisions[55] - Trade and other payables increased by approximately 13.3% from RMB 404.6 million as of December 31, 2023, to RMB 458.3 million as of December 31, 2024, mainly due to business expansion[56] Strategic Goals and Initiatives - The company aims to enhance service quality and customer experience through standardized and intelligent management practices[21] - First Service Holding Limited is focusing on expanding its "green technology" capabilities and service standards to improve customer living experiences[20] - The strategic goal for 2024 includes "building quality, expanding scale, and creating operations" to ensure stable overall business performance[20] - The company aims to enhance service quality and efficiency, targeting improved customer satisfaction and establishing industry service benchmarks[28] - The company plans to continue innovating service models and expanding community value-added services to drive community life circle construction[28] Operational Growth - The total contracted building area of the group reached approximately 86.9 million square meters as of December 31, 2024, representing a year-on-year growth of about 11.6%[24] - The total managed building area increased to approximately 74.1 million square meters, reflecting a year-on-year growth of about 17.3%[24] - Non-residential property managed area increased by approximately 25.1% year-on-year, adding about 5.6 million square meters[24] - The company completed 100 third-party expansion projects in 2024, with a total contract value of approximately RMB 170 million, laying a solid foundation for sustainable development[24] Corporate Governance - The company is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[116] - The board consists of 3 executive directors, 3 non-executive directors, and 3 independent non-executive directors, ensuring compliance with listing rules[122] - The company aims to maintain at least 20% female representation on the board, currently meeting this target with one female executive director and one female independent non-executive director[125] - The company has adopted a board diversity policy to enhance governance and efficiency, considering factors such as gender, skills, and professional experience in board member selection[124] - The board consists of nine members, with two female directors, resulting in a female representation of approximately 22%, meeting the policy requirement of at least 20%[126] Talent Development and Employee Engagement - As of December 31, 2024, the company had 3,827 employees, all based in China, with a focus on attracting and retaining qualified personnel[83] - The company has implemented various talent development programs, including the "Craftsman Talent" recruitment plan and the "Star Training Program" for internal employee promotion[84] - The company has implemented various talent development programs, including a recruitment plan for fresh graduates and a training program for internal employees[195] Financial Management and Internal Controls - The company has a structured internal control system with clear responsibilities and regular reviews to ensure effectiveness in financial, operational, and compliance monitoring[170] - The board is responsible for maintaining effective internal controls and risk management systems to protect shareholder interests[170] - The audit committee is responsible for monitoring compliance with legal and regulatory requirements[144] - The company has established a whistleblowing policy and hotline to report actual or suspected fraud cases, ensuring confidentiality and avoidance of conflicts of interest[171] Shareholder Communication and Dividends - The company aims to provide stable and sustainable returns to shareholders, with dividend declarations subject to board discretion and shareholder approval[180] - The company proposed a final dividend of HKD 0.034 per share, totaling HKD 43.0 million for the year ending December 31, 2024, compared to HKD 41.7 million for the previous year[67] - A final dividend of HKD 0.034 per share is proposed for the year ended December 31, 2024[200]

Financial Performance - For the year ending December 31, 2024, revenue was RMB 1,327.0 million, an increase of approximately 9.6% compared to RMB 1,210.9 million for the year ending December 31, 2023[3]. - Property management service revenue was approximately RMB 956.4 million, growing about 10.0% year-on-year, while value-added service revenue was RMB 235.8 million, increasing by approximately 14.7%[3]. - The gross profit for the year ending December 31, 2024, was RMB 309.7 million, a slight increase of about 1.6% from RMB 304.7 million in the previous year[3]. - The group reported a loss of RMB 6.3 million for the year ending December 31, 2024, a decrease of approximately 108.9% compared to a profit of RMB 70.1 million for the year ending December 31, 2023[4]. - The core profit, excluding the impact of impairment losses on trade receivables and contract assets, was RMB 141.9 million for the year ending December 31, 2024[4]. - Total revenue for 2024 reached RMB 1,326,976 thousand, an increase from RMB 1,210,914 thousand in 2023, representing a growth of approximately 9.6%[25]. - Reported segment revenue for 2024 was RMB 1,341,780 thousand, compared to RMB 1,224,646 thousand in 2023, indicating a year-over-year increase of about 9.6%[25]. - The company reported a net loss of RMB 15,004 thousand for the reporting segments in 2024, a significant decrease from a profit of RMB 86,774 thousand in 2023[24]. Assets and Liabilities - Total assets increased to RMB 1,684,442 thousand in 2024 from RMB 1,471,936 thousand in 2023, reflecting a growth of approximately 14.4%[26]. - Total liabilities rose to RMB 1,013,113 thousand in 2024, up from RMB 758,066 thousand in 2023, marking an increase of about 33.6%[26]. - The company’s equity attributable to shareholders decreased to RMB 619,205 thousand in 2024 from RMB 657,490 thousand in 2023, a decline of approximately 5.8%[20]. - The debt-to-asset ratio increased from 51.5% as of December 31, 2023, to 60.1% as of December 31, 2024[83]. - Cash and cash equivalents decreased by approximately 13.8% from RMB 509.8 million as of December 31, 2023, to RMB 439.0 million as of December 31, 2024[84]. Impairment and Provisions - The company reported a significant increase in impairment losses on trade receivables and contract assets, totaling RMB 148,189 thousand in 2024 compared to RMB 43,709 thousand in 2023[24]. - The expected credit loss provision for trade receivables rose to RMB 371,543,000 in 2024, compared to RMB 226,888,000 in 2023, indicating an increase of 63.8%[39]. - Trade receivables and contract assets' expected credit losses surged by approximately 239.0% from RMB 43.7 million in 2023 to RMB 148.2 million in 2024, mainly due to increased provisions for related party real estate customers[76]. Dividends - The board proposed a final dividend of HKD 0.034 per share, totaling HKD 43.0 million, subject to adjustments based on any changes in the total number of issued shares[4]. - The proposed final dividend per ordinary share for 2024 is set at 3.40 HKD, an increase from 3.30 HKD in 2023, with total proposed dividends amounting to RMB 39,797,000[42]. Operational Highlights - The total managed gross floor area increased by approximately 17.3% to about 74.1 million square meters, with approximately 71.9% coming from third parties[4]. - The total contracted gross floor area was approximately 86.9 million square meters, representing a year-on-year growth of about 11.6%, with around 70.5% from third parties[4]. - The company completed 100 third-party expansion projects in 2024, with a total contract value of approximately RMB 170 million[51]. - The residential property management area increased by approximately 5.3 million square meters, a year-on-year growth of about 13.0%[52]. - Non-residential property management area increased by approximately 5.6 million square meters, a year-on-year growth of about 25.1%[52]. Strategic Initiatives - The company continues to focus on expanding its property management services, which generated RMB 956,789 thousand in revenue for 2024, up from RMB 869,986 thousand in 2023, reflecting a growth of approximately 10%[21]. - The company aims to enhance service quality and customer satisfaction while expanding brand influence in existing markets[55]. - The company plans to focus on market expansion and quality management to create more high-quality projects and increase business scale in 2024[60]. - The company will continue to innovate service methods and provide diversified community value-added services[55]. Employee and Governance - As of December 31, 2024, the company had a total of 3,827 employees, all based in China[104]. - The company has established an audit committee consisting of three independent non-executive directors to ensure the integrity and accuracy of the financial information[120]. - The company has complied with all applicable corporate governance codes as of December 31, 2024, ensuring shareholder rights and enhancing corporate value[117]. Future Outlook - The company has implemented new accounting standards, including IFRS 16 and IAS 7, which may impact future financial reporting and disclosures[22]. - The management emphasizes the importance of green technology and comprehensive life scenario services for future growth[55]. - The company has initiated a "Wind and Grain Plan" focusing on the self-improvement of senior management and executives to support rapid and healthy development[105].

First Service Holding Limited 第一服务控股有限公司 (於開曼群島註冊成立的有限公司) 股份代號：2107 中期報告 2024 第一服务控股有限公司 二零二四年中期報告 011 t कर 2 公司資料 4 財務摘要 5 董事長報告 ɐ理層討論與分析 8 其他資料 18 致第一服务控股有限公司董事會之審閱報告 24 綜合損益及其他全面收益表 25 綜合財務狀況表 27 綜合權益變動表 29 簡明綜合現金流量表 30 未經審核中期財務報告附註 31 釋義 50 第一服务控股有限公司 / 二零二四年中期報告 公司資料 | --- | --- | |-------------------------------------|-------------------------------------------------------| | 董事會 | 提名委員會 | | 執行董事 | 張鵬先生(主席) | | 劉培慶先生 | 程鹏先生 陳晟先生(於2024年9月5日辭任) | | 金純剛先生 | 楊熙先生(自2024年9月5日起獲委任) | | 朱莉女士 | | | 非執行董事 | 香港法 ...

Financial Performance - For the six months ended June 30, 2024, revenue increased by approximately 9.7% to RMB 658.6 million compared to RMB 600.2 million in the same period of 2023[1] - Gross profit for the same period was RMB 180.9 million, representing a growth of about 6.9% from RMB 169.2 million year-on-year[1] - The profit for the six months ended June 30, 2024, was RMB 47.3 million, an increase of approximately 6.5% compared to RMB 44.4 million in the previous year[2] - The total comprehensive income for the period was RMB 47.96 million, compared to RMB 51.11 million in the same period last year[3] - Basic and diluted earnings per share for the period were RMB 0.0362, slightly down from RMB 0.0376 in the previous year[3] - The group reported total revenue of RMB 665,251,000 for the six months ended June 30, 2024, compared to RMB 606,150,000 for the same period in 2023, representing an increase of approximately 9.7%[14] - Revenue from property management services amounted to RMB 470,082,000, up from RMB 415,602,000 in the previous year, reflecting a growth of about 13.1%[14] - The value-added services segment reported revenue of RMB 111,396,000, compared to RMB 108,349,000 in the prior year, marking an increase of around 2.8%[14] - The reported segment profit for the six months ended June 30, 2024, was RMB 58,163,000, compared to RMB 54,531,000 for the same period in 2023, reflecting an increase of approximately 1.2%[17] - The company’s net profit for the six months ended June 30, 2024, was RMB 47.3 million, an increase of approximately 6.5% from RMB 44.4 million for the same period in 2023[57] Assets and Liabilities - As of June 30, 2024, total assets amounted to RMB 1,391.2 million, compared to RMB 1,166.4 million at the end of 2023[4] - Current liabilities increased to RMB 983.2 million from RMB 749.2 million at the end of 2023[5] - The total assets as of June 30, 2024, amounted to RMB 1,716,572,000, an increase from RMB 1,471,936,000 as of December 31, 2023, showing a growth of about 16.6%[17] - The total liabilities as of June 30, 2024, were RMB 993,458,000, compared to RMB 758,066,000 at the end of 2023, reflecting an increase of approximately 31%[17] - Trade payables as of June 30, 2024, amounted to RMB 158.4 million, an increase from RMB 142.5 million as of December 31, 2023[26] - Total liabilities rose from RMB 758.1 million as of December 31, 2023, to RMB 993.5 million as of June 30, 2024, resulting in an increase in the debt-to-asset ratio from 51.5% to 57.9%[62] Revenue Segmentation - Revenue from property management services increased from RMB 415.6 million in the first half of 2023 to RMB 470.0 million in the first half of 2024, reflecting a growth of approximately 13.1%[43] - The green living solutions segment generated revenue of RMB 83,773,000, slightly increasing from RMB 82,199,000, indicating a growth of approximately 1.9%[14] - Green living solutions revenue for the six months ended June 30, 2024, was RMB 77.2 million, a slight increase from RMB 76.3 million for the same period in 2023[48] - The revenue from parking management services was RMB 40,951 thousand, accounting for 36.8% of total value-added service revenue[47] Operational Highlights - The total construction area managed by the group as of June 30, 2024, was approximately 73.9 million square meters, a year-on-year increase of about 39.3%[1] - The company has initiated 270 new construction and renovation projects, enhancing community ecological standards[32] - The company conducted over 3,000 community cultural activities to foster harmonious neighborhood relationships[32] - The company has established a green operation standardization system, optimizing energy structure and promoting green electricity procurement[32] - The company is focusing on expanding its service capabilities in community culture activities and exploring new service models[33] Employee and Governance - As of June 30, 2024, the company has a total of 3,782 employees, all based in China[73] - The company has implemented various employee development programs, including the "Talent Cultivation Program" and "Star Training Program," to ensure long-term sustainable growth[73] - The Audit Committee consists of three independent non-executive directors, ensuring the integrity and accuracy of the group's financial information[81] - The Audit Committee has reviewed the interim results for the six months ending June 30, 2024, and confirmed compliance with applicable accounting standards and regulations[82] Strategic Initiatives - The company aims to enhance service standards and management levels, focusing on customer-centric and quality-based strategies for 2024[30] - The company aims to strengthen independence by expanding third-party projects in 2024[46] - The company has a strategic focus on developing smart communities and enhancing its information technology systems, with 10% of the proceeds allocated for this purpose[75] - The company has established a stock option plan to incentivize qualified employees and a share reward plan to retain key personnel[73] Financial Management - The company declared a total interim dividend of HKD 41,712,000 (approximately RMB 37.8 million) for the first half of 2024, compared to HKD 30,000,000 (approximately RMB 26.8 million) for the same period in 2023[27] - The company has utilized approximately 401.8 million HKD of the net proceeds from the global offering, leaving 169.4 million HKD unutilized[75] - 38% of the net proceeds have been allocated for strategic acquisitions or investments, amounting to 217.1 million HKD, with 211.4 million HKD already utilized[75] - 32% of the net proceeds, equivalent to 182.8 million HKD, is designated for cash dividends to shareholders, with 97.7 million HKD already distributed[75] - The company plans to utilize the remaining unutilized proceeds for short-term financial investments if not immediately needed for the stated purposes[76]

Financial Performance - Total revenue for 2023 reached RMB 1,210.9 million, representing a year-on-year growth of 7.9%[20] - Gross profit for 2023 was RMB 304.7 million, an increase of 16.8% compared to the previous year[20] - Net profit for the year amounted to RMB 70.1 million, reflecting a year-on-year growth of 38.8%[20] - Revenue increased by approximately 7.9% from RMB 1,122.3 million in 2022 to RMB 1,210.9 million in 2023[34] - Property management service revenue rose by about 13.4% from RMB 766.8 million in 2022 to RMB 869.5 million in 2023, driven by an increase in managed building area[36] - The total revenue from value-added services increased by approximately 7.0% from RMB 191.97 million in 2022 to RMB 205.48 million in 2023[44] - The revenue from community value-added services accounted for 87.9% of total value-added services revenue, with parking management services generating RMB 76.69 million, a 30.6% increase from the previous year[44] - The gross profit rose by approximately 16.8% from RMB 260.89 million in 2022 to RMB 304.66 million in 2023, with the gross profit margin increasing from 23.2% to 25.2%[50] - The gross profit margin for value-added services improved to 44.0%, up by 5.4 percentage points compared to the previous year[54] - The revenue from green living solutions decreased by approximately 16.9% from RMB 163.48 million in 2022 to RMB 135.88 million in 2023, primarily due to strategic adjustments in response to changes in the real estate industry[48] Operational Metrics - As of December 31, 2023, the total contracted building area was approximately 77.9 million square meters, a year-on-year increase of 9.6%[21] - The total managed building area reached approximately 63.2 million square meters, up 23.0% year-on-year[21] - The managed residential property area was approximately 41.0 million square meters, showing a significant growth of 35.4% year-on-year[21] - The managed non-residential property area was approximately 22.2 million square meters, with a year-on-year increase of 5.4%[21] - The company expanded its service coverage to 24 provinces and 100 cities in China, serving nearly 200,000 property owners[21] Strategic Goals and Initiatives - The company aims to enhance operational quality and deepen diversified business layout as part of its strategic goals for 2023[20] - The company is focusing on high-tier cities and quality projects while actively exiting low-quality and inefficient projects[21] - The company launched the "Green Service 2.0" product system, enhancing community living quality and consumer experience[22] - The company organized over 900 community cultural activities throughout the year, contributing to social responsibility[22] - The online platform "Green Selection" was enriched, and live-streaming sales were explored to enhance customer engagement[25] - The company aims to expand its scale and improve quality through strategic market development and team efficiency[28] - The company plans to focus on "technology-driven living" and "comfortable services" as part of its 2024 operational strategy[26] Financial Position and Assets - Total assets increased from RMB 1,369.3 million as of December 31, 2022, to RMB 1,471.9 million as of December 31, 2023[69] - Total liabilities rose from RMB 694.9 million as of December 31, 2022, to RMB 758.1 million as of December 31, 2023, resulting in a debt-to-asset ratio increase from 50.7% to 51.5%[69] - Cash and cash equivalents increased by approximately 28.7% from RMB 396.1 million as of December 31, 2022, to RMB 509.8 million as of December 31, 2023[71] - Trade and other receivables rose by approximately 10.2% from RMB 518.5 million in 2022 to RMB 571.2 million in 2023, driven by business growth[63] - The goodwill decreased from RMB 181.7 million in 2022 to RMB 179.8 million in 2023, mainly due to impairment related to the acquisition of Qingdao Luohang[65] Governance and Management - The company has a strong management team with members holding significant academic and professional qualifications in property management and finance[120][122] - The management emphasizes the importance of adhering to corporate governance and strategic decision-making processes[115] - The board consists of 3 executive directors, 2 non-executive directors, and 3 independent non-executive directors, complying with listing rules regarding independent director appointments[144] - The company aims to maintain at least 20% female representation on the board, currently achieving this target with one female executive director and one female independent non-executive director[149] - The company has adopted a board diversity policy to enhance governance and efficiency, considering factors such as gender, skills, and professional experience in board member selection[148] - The board is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[138] - The company has established three board committees: audit committee, remuneration committee, and nomination committee to oversee specific areas of governance[140] Employee and Community Engagement - As of December 31, 2023, the company had 3,304 employees, all based in China, with a focus on attracting and retaining qualified personnel[99] - The company has a commitment to comply with appropriate disclosure regulations regarding the use of unutilized proceeds and investment returns[105] - The company emphasizes equal employment and the protection of female employees' rights without any restrictive gender diversity policies[150] Future Plans and Investments - The company will acquire a 51% stake in Dalian Shihang Construction Engineering Co., Ltd. for RMB 5.1 million, which will become an indirect non-wholly owned subsidiary[92] - The company plans to temporarily invest the net proceeds from the global offering in short-term financial products if not immediately needed for the intended purposes[105] - The company has no significant plans for major investments or acquisitions beyond the disclosed expansion plans[89]

Financial Performance - For the year ended December 31, 2023, revenue was approximately RMB 1,210.9 million, an increase of about 7.9% compared to RMB 1,122.3 million for the year ended December 31, 2022[4] - Gross profit for the year ended December 31, 2023, was approximately RMB 304.7 million, representing a growth of about 16.8% from RMB 260.9 million in the previous year[4] - The net profit for the year ended December 31, 2023, was RMB 70.1 million, an increase of approximately 38.8% compared to RMB 50.5 million for the year ended December 31, 2022[5] - The operating cash flow generated a net amount of approximately RMB 93.4 million, showing significant improvement compared to the previous year[5] - Reported segment profit for 2023 was RMB 86,774 thousand, up from RMB 67,292 thousand in 2022, indicating a year-over-year increase of about 29.1%[22] - The pre-tax profit for 2023 was RMB 88,604,000, an increase of 41% compared to RMB 62,896,000 in 2022[30] - The annual profit increased by approximately 38.8% from RMB 505 million in 2022 to RMB 701 million in 2023[85] Revenue Breakdown - Revenue from property management services for 2023 was RMB 869,986 thousand, up from RMB 766,903 thousand in 2022, marking an increase of approximately 13.4%[20] - Property management services revenue rose by about 13.4% from RMB 766.8 million in 2022 to RMB 869.5 million in 2023, primarily due to an increase in managed building area[61] - Value-added services revenue accounted for 17.0% of total revenue, with RMB 205.5 million in 2023 compared to RMB 192.0 million in 2022[59] - Value-added service revenue increased by approximately 7.0% from RMB 1,920 million in 2022 to RMB 2,055 million in 2023, primarily due to increased income from parking management and public area leasing services as the impact of the pandemic waned[68] Assets and Liabilities - The company’s total assets as of 2023 amounted to RMB 1,471,936 thousand, compared to RMB 1,369,309 thousand in 2022, reflecting an increase of approximately 7.5%[24] - The total liabilities for 2023 were RMB 758,066 thousand, which is an increase from RMB 694,902 thousand in 2022, showing a growth of about 9.1%[24] - Total liabilities rose from RMB 694.9 million as of December 31, 2022, to RMB 758.1 million as of December 31, 2023, resulting in an increase in the debt-to-asset ratio from 50.7% to 51.5%[91] Dividends - The proposed final dividend for the year ended December 31, 2023, is HKD 0.042 per share, totaling HKD 42.0 million[5] - The company plans to pay a final dividend of HKD 0.042 per share for the year ending December 31, 2023[108] Construction and Management - The total construction area as of December 31, 2023, was approximately 63.2 million square meters, an increase of about 23.0% compared to the previous year[5] - The total contracted construction area as of December 31, 2023, was approximately 77.9 million square meters, representing a year-on-year growth of about 9.6%[5] - The area under management reached approximately 63.2 million square meters, a year-on-year increase of 23.0%[47] - Residential properties under management totaled approximately 41.0 million square meters, reflecting a year-on-year growth of 35.4%[47] Employee and Talent Development - As of December 31, 2023, the company employs 3,304 employees, all based in China[113] - The company has implemented various talent development programs to attract and retain qualified personnel, including recruitment and training initiatives[114] - The company has initiated a stock option plan and a share reward plan to incentivize and retain eligible employees[114] Corporate Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the annual performance for the year ended December 31, 2023, and confirmed compliance with applicable accounting standards[133] - The company has adopted the Corporate Governance Code and has complied with all applicable provisions as of December 31, 2023[129] - The company aims to maintain high standards of corporate governance to protect shareholder interests and enhance corporate value[129] Future Plans and Strategies - The company aims to enhance service quality and expand its business scope in 2024, focusing on "quality construction, scale expansion, and innovative operations"[51] - The company is focusing on market expansion and quality management to enhance project quality and business scale[62] - The company aims to strengthen its independent operations by expanding third-party projects[65] - The company is committed to enhancing its service capabilities through the development of a "Green Community+" ecosystem[55]

Financial Performance - Total revenue for the first half of 2023 reached RMB 600.2 million, representing an 8.5% year-on-year increase[11]. - The net profit for the period increased by about 76.7% to RMB 44.4 million[16]. - Revenue increased by approximately 8.5% from RMB 553.2 million in the first half of 2022 to RMB 600.2 million in the first half of 2023[28]. - Gross profit for the same period was RMB 169,243 thousand, up 21.7% from RMB 139,069 thousand in 2022[119]. - Profit before tax increased to RMB 55,288 thousand, representing a 66.7% growth from RMB 33,187 thousand in the previous year[119]. - Total comprehensive income for the period was RMB 51,110 thousand, compared to RMB 35,899 thousand in 2022, reflecting a 42.2% increase[122]. Revenue Breakdown - Property management service revenue amounted to RMB 415.6 million, a 15.0% increase compared to the previous year[16]. - Revenue from value-added services was RMB 108.3 million, a 13.3% increase year-on-year[16]. - Revenue from green living solutions decreased by 20.6% to RMB 76.3 million[16]. - The property management services segment generated revenue of RMB 415,602 thousand, up from RMB 361,512 thousand, reflecting a growth of 15.0% year-over-year[150]. - The green living solutions segment reported revenue of RMB 82,199 thousand, a decrease of 20.8% from RMB 103,790 thousand in the previous year[150]. - The value-added services segment achieved revenue of RMB 108,349 thousand, an increase of 13.3% compared to RMB 95,619 thousand in the prior period[150]. Operational Metrics - The contracted construction area as of June 30, 2023, was approximately 74.2 million square meters, a 2.8% year-on-year growth[17]. - The managed construction area reached approximately 53.1 million square meters, reflecting a 7.1% increase year-on-year[17]. - The number of residential property management projects increased to 244 with a total managed area of 52,071 thousand square meters, representing a growth of 3.8% year-on-year[33]. - Public property management projects saw a significant increase, with contract managed area growing by 202.2% and total managed area increasing by 177.9% year-on-year[33]. Strategic Initiatives - The company aims to expand its influence and enhance its brand reputation while focusing on high-end residential and public projects[15]. - Future strategies include deepening market penetration in ten major cities and expanding management types to achieve resource synergy[21]. - The company plans to upgrade its information systems and implement a regional management model to improve operational efficiency and communication[25]. - The company will focus on diversifying income sources through enhanced value-added services and urban service offerings[24]. - The company emphasizes a sustainable development approach, aiming for high-quality growth through refined operational management and community engagement[21]. Financial Position - Total assets increased from RMB 1,369.3 million as of December 31, 2022, to RMB 1,412.1 million as of June 30, 2023[59]. - Total liabilities rose from RMB 694.9 million as of December 31, 2022, to RMB 719.0 million as of June 30, 2023, resulting in a debt-to-asset ratio increase from 50.7% to 50.9%[59]. - Trade and other receivables increased by approximately 9.0% to RMB 565.4 million as of June 30, 2023, compared to RMB 518.5 million as of December 31, 2022[53]. - Trade and other payables increased by approximately 7.9% to RMB 397.6 million as of June 30, 2023, compared to RMB 368.3 million as of December 31, 2022[56]. Shareholder Information - As of June 30, 2023, Zhang Peng holds 8,225,000 shares (0.82%) and has controlled entity interests of 170,777,250 shares (17.08%) in the company[94]. - Major shareholder Zhang Lei controls 334,926,750 shares (33.49%) through a controlled entity, with his spouse also holding the same amount[99]. - The total percentage of shares held by the top five shareholders exceeds 70%, indicating significant concentration of ownership[99]. - The company has 1,000,000,000 issued and fully paid ordinary shares as of June 30, 2023, unchanged from December 31, 2022[179]. Governance and Compliance - The company has committed to maintaining high standards of corporate governance and compliance with applicable codes[87]. - The audit committee has reviewed the interim results for the six months ending June 30, 2023, ensuring compliance with accounting standards[89]. - No share buybacks or sales occurred during the reporting period, with a total of 10,270,000 shares purchased for approximately RMB 4.9 million[91].

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的內 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。 First Service Holding Limited 第 一 服 务 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2107） 截 至2023年6月30日 止 六 個 月 之 未 經 審 核 中 期 業 績 公 告 第 一 服 务 控 股 有 限 公 司（「本 公 司」）董 事（「董 事」）會（「董 事 會」）欣 然 宣 佈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至2023年6月30日 止 六 個 月 之 未 經審核綜合業績，連同截至2022年6月30日止六個月的比較數字。 於 本 公 告 內，「我 們」及「第 一 服 务 控 股」指 本 公 司，如 文 義 另 有 所 指，則 指本集團。 摘 要 — 截 至2023年6月30日 止 六 個 月 的 收 益 為 人 民 幣600.2百 萬 元，與2022 年同期的人民幣553.2百萬元相比增加約8.5 ...

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的內容概 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。 First Service Holding Limited 第 一 服 务 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2107） 有關收購大連亞航物業管理有限公司及 青島洛航企業管理有限公司的履約擔保 茲提述(i)第一服务控股有限公司（「本公司」，連同其附屬公司統稱「本集 團」）日期為2021年3月10日有關收購大連亞航物業管理有限公司80%股權的 公告（「大連亞航收購公告」），(ii)本公司日期為2021年3月30日有關收購青 島洛航企業管理有限公司100%股權的公告（「青島洛航收購公告」，連同大 連亞航收購公告，統稱「該等公告」）及(iii)本公司截至2022年12月31日止年 度的年報（「2022年年報」）。除另有界定者外，本公告所用詞彙具有該等公 告及2022年年報所載的相同涵義。 除2022年年報所載資料外，董事會謹根據上市規則第14.36B條提供以下補 充資料，該 ...

Financial Performance - Total revenue for 2022 reached RMB 1,122,272,000, a slight increase from RMB 1,119,869,000 in 2021[11] - Profit before tax for 2022 was RMB 62,896,000, up from RMB 39,292,000 in 2021, representing a growth of 60.2%[11] - Net profit for the year was RMB 50,544,000, compared to RMB 33,609,000 in 2021, marking an increase of 50.4%[11] - The total comprehensive income for the year was RMB 64,524,000, significantly higher than RMB 24,832,000 in 2021[11] - Revenue increased by approximately 0.2% from RMB 1,119.9 million in 2021 to RMB 1,122.3 million in 2022, primarily due to an increase in the number of managed projects[62] - Core property management service revenue grew by approximately 25.5% to RMB 766.8 million in 2022, compared to RMB 611.1 million in 2021[64] - Net profit increased by 50.4% from RMB 33.6 million for the year ended December 31, 2021, to RMB 50.5 million for the year ended December 31, 2022[89] Assets and Liabilities - As of December 31, 2022, the total assets amounted to RMB 1,369,309,000, compared to RMB 1,357,874,000 in 2021[12] - Total assets increased from RMB 1,357.9 million as of December 31, 2021, to RMB 1,369.3 million as of December 31, 2022, while total liabilities rose from RMB 684.4 million to RMB 694.9 million[96] - Trade and other receivables rose by 22.0% to RMB 518.5 million as of December 31, 2022, compared to RMB 425.0 million in 2021, mainly due to an increase in the number of projects under management[90] - Trade and other payables increased by 13.8% to RMB 368.3 million as of December 31, 2022, from RMB 323.7 million in 2021, driven by business expansion and improved supply chain management[91] Operational Highlights - The company managed a total construction area of approximately 51.4 million square meters and a contracted area of about 71.0 million square meters across 105 cities in 25 provinces[15] - The total number of managed projects increased to 534 in 2022, with a total contracted building area of 71,019 thousand square meters[66] - The company conducted 138,700 park disinfections and 3,473,340 elevator disinfections as part of its pandemic prevention efforts[35] - The company organized 569 community cultural theme activities in 2022, enhancing community engagement and service quality[44] Awards and Recognition - The company received multiple accolades in 2022, including being ranked among the "Top 100 Property Service Companies" and recognized for customer satisfaction[16][17] - The company was certified as a "High-tech Enterprise" in Anhui Province and recognized as a "Specialized and Innovative" SME in Beijing[27][28] - The company received the "Energy Saving Award" for the Beijing MOMA project and was included in the "2022 Corporate Climate Action Case Collection" for its energy efficiency practices[48] Strategic Initiatives - The company aims to enhance quality management while expanding its market presence, indicating a strategic focus on both growth and service quality[15] - The company is positioned as a green service provider, focusing on property services, community operations, and building technology consulting[9] - The company aims to enhance service quality and brand value while expanding its scale in 2023, focusing on core cities and core business layouts[54] - The company will implement a "micro-innovation" plan to promote technological innovation and application, enhancing customer and corporate value[57] Financial Management - Administrative expenses reduced by approximately 7.2% from RMB 186.5 million in 2021 to RMB 173.0 million in 2022, attributed to strategic restructuring and optimization of personnel[85] - Expected credit losses for trade receivables and contract assets decreased by approximately 63.8% from RMB 113.1 million in 2021 to RMB 40.9 million in 2022, reflecting improved collection efforts despite the real estate sector's downturn[87] - Other net income increased by approximately 24.5% from RMB 22.8 million in 2021 to RMB 28.4 million in 2022, mainly due to increased fair value gains from contingent consideration arising from acquisitions[83] Employee Development - The company has implemented various employee development programs, including the "Talent Recruitment Program" and "Star Training Program," to attract and retain qualified personnel[118] - The company is focused on expanding its "Talent Recruitment Program" and enhancing existing training initiatives[122] - The company has a stock option plan approved on September 25, 2020, aimed at rewarding and retaining qualified personnel[125] Corporate Governance - The company is committed to maintaining high standards of corporate governance to protect shareholder rights and enhance corporate value and accountability[167] - The board of directors includes professionals with extensive backgrounds in finance, management, and strategic planning, ensuring robust governance[153] - The company has adopted a corporate governance code and has complied with all applicable provisions during the year ended December 31, 2022[167]