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]

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2022年12月31日 止 年 度 之 全 年 業 績 公 告 摘 要 • 截 至2022年12月31日 止 年 度 的 收 益 約 為 人 民 幣1,122.3百 萬 元，與 截 至2021年12月31日止年度的約人民幣1,119.9百萬元相比增幅約0.2%。 本 集 團 核 心 業 務 物 業 管 理 服 務 產 生 的 收 益 穩 步 增 長 至 約 人 民 幣 766.8百萬元，較截至2021年12月31日止年度的約人民幣611.1百萬元 增加約25.5%。 • 截 至2022年12月31日 止 年 度 的 溢 利 約 為 人 民 幣50.5百 萬 元，與 截 至 2021年12月31日 止 年 度 的 約 人 民 幣33.6百 萬 ...

Financial Performance - Total revenue for the first half of 2022 reached RMB 553.2 million, representing an 8.7% year-on-year increase[10]. - Property management service revenue was RMB 361.5 million, a significant increase of 49.1% compared to the previous year[10]. - The company reported a pre-tax profit of RMB 33.2 million, down from RMB 93.2 million in the same period last year, indicating a decrease of 64.4%[8]. - Net profit for the period was RMB 25.1 million, a decrease of 65.0% from RMB 71.8 million in the previous year[8]. - Revenue increased by approximately 8.7% from RMB 508.8 million in the six months ended June 30, 2021, to RMB 553.2 million in the same period of 2022[27]. - Profit decreased by approximately 65.0% from RMB 71.8 million in the six months ended June 30, 2021, to RMB 25.1 million in the same period of 2022, primarily due to the overall downturn in the Chinese real estate market[26]. - Gross profit decreased approximately 18.6% from RMB 170.8 million in the six months ended June 30, 2021, to RMB 139.1 million in the same period of 2022, with the gross margin dropping from 33.6% to 25.1%[42]. - The total comprehensive income for the period was RMB 35,899,000, compared to RMB 67,297,000 in the same period of 2021, indicating a decline of about 46.5%[127]. Assets and Liabilities - The total assets as of June 30, 2022, amounted to RMB 1,360.6 million, slightly up from RMB 1,357.9 million at the end of 2021[8]. - Total liabilities increased from RMB 684.4 million as of December 31, 2021, to RMB 711.1 million as of June 30, 2022, resulting in a debt-to-asset ratio increase from 50.4% to 52.3%[55]. - Trade and other receivables increased approximately 16.1% from RMB 425.0 million as of December 31, 2021, to RMB 493.4 million as of June 30, 2022, aligning with revenue growth[51]. - The company's total equity attributable to equity shareholders decreased to RMB 609,340 thousand from RMB 637,478 thousand, reflecting a decline of approximately 4.4%[132]. Operational Developments - The company actively engaged in community service initiatives, conducting 539 community cultural activities during the first half of the year[11]. - The company has contracted property management services in 104 cities across 25 provincial-level regions in China, with plans to actively expand into the western region[15]. - The company has launched a digital twin smart city service platform, "Blueprint," integrating urban services with digital twin technology, covering five major areas including municipal sanitation and community management[15]. - The AI intelligent operation and maintenance cloud platform has been deployed in 4 projects, achieving energy savings estimated between 10% and 30%[15]. - The company has expanded its value-added service categories to include community elderly care services, with a focus on a "full life cycle + full life scene" service model[15]. Market and Competitive Position - The company ranked sixth in the non-residential service sector in the 2022 China Property Service Listed Company Rankings[11]. - The company aims to enhance its property management business scale and brand awareness, targeting core cities and expanding market resources within a 5-kilometer radius of existing projects[18]. Shareholder and Governance Information - The final dividend for the year ended December 31, 2021, was HKD 0.0677 per share, totaling HKD 67.7 million, approved on June 21, 2022, and paid in cash on July 12, 2022[63]. - No interim dividend was recommended for the six months ended June 30, 2022[64]. - The company confirmed that there were no other disclosures required under the Listing Rules as of June 30, 2022[86]. - The company’s independent non-executive directors confirmed compliance with the standard code for securities transactions during the six months ended June 30, 2022[82]. Employee and Corporate Structure - The group employed 4,067 staff as of June 30, 2022, all based in China, with a focus on attracting and retaining qualified personnel[71]. - The employee stock fund was established to retain and attract qualified personnel for the group's ongoing operations and development[191]. Cash Flow and Investments - The company experienced a net cash outflow from operating activities of RMB 61,170 thousand for the six months ended June 30, 2022, compared to a net inflow of RMB 770 thousand in the same period of 2021[139]. - The company recorded cash inflows from investing activities of RMB 87,529 thousand, a significant improvement compared to a cash outflow of RMB 176,250 thousand in the same period of the previous year[139]. - The company reported a significant increase in cash received from the sale of financial assets at fair value, totaling RMB 256,721 thousand, compared to RMB 145,310 thousand in the prior year[139]. Compliance and Audit - The group’s financial report has been reviewed by KPMG and approved by the board on August 23, 2022, ensuring compliance with relevant accounting standards[142]. - The audit committee, consisting of three independent non-executive directors, reviewed the interim results for the six months ended June 30, 2022, and confirmed compliance with applicable accounting standards and regulations[83].

Financial Performance - In 2021, First Service Holding Limited reported revenue of RMB 1,119,869,000, a 44.4% increase from RMB 775,367,000 in 2020[11]. - The company achieved a net profit of RMB 33,609,000 in 2021, down 66.3% from RMB 99,603,000 in 2020[11]. - Revenue increased by approximately 44.4% from RMB 775.4 million in 2020 to RMB 1,119.9 million in 2021, driven by a 172.9% increase in managed building area from 19.1 million square meters to 52.1 million square meters[74]. - Property management service revenue rose about 90.0% from RMB 321.6 million in 2020 to RMB 611.1 million in 2021, attributed to an increase in the number of managed projects from 52 to 383[76]. - The green living solutions business generated revenue of RMB 195.9 million in 2021, while value-added services achieved revenue of RMB 312.9 million, with community value-added services growing by 32.1% to RMB 159.7 million[58]. - Gross profit rose by approximately 25.4% to RMB 335.4 million for the year ended December 31, 2021[90]. - Gross margin decreased from 34.5% for the year ended December 31, 2020, to 29.9% for the same period in 2021[91]. - Sales costs increased by approximately 54.5% to RMB 784.5 million for the year ended December 31, 2021, consistent with business expansion[88]. - Expected credit losses on trade receivables and contract assets increased by approximately 1,008.8% from RMB 10.2 million for the year ended December 31, 2020, to RMB 113.1 million for the year ended December 31, 2021[96]. - The company reported a significant decrease in profit from RMB 99.6 million in 2020 to RMB 33.6 million in 2021, primarily due to credit loss provisions related to real estate clients[74]. Operational Growth - As of December 31, 2021, the company managed 451 projects covering an area of 52.06 million square meters, representing a year-on-year growth of 173%[14]. - The number of contracted projects reached 539, with a total contracted area of 74.02 million square meters, a year-on-year increase of 98%[14]. - Third-party managed area increased to 37.83 million square meters, up 426% year-on-year, while contracted area from third parties grew by 201% to 47.32 million square meters[14]. - The total number of managed properties increased to 539 with a total contracted area of 74,022 thousand square meters, representing a 100% share of the total[79]. - The number of residential properties managed rose to 245, with a contracted area of 49,087 thousand square meters, accounting for 66.3% of the total[79]. - The company expanded its service offerings to include residential, public, commercial, and other property management, with managed areas of 27.9 million square meters, 6.9 million square meters, and 17.2 million square meters respectively[57]. Strategic Initiatives - In 2021, First Service Holding Limited entered into strategic partnerships with Dalian Yahang and Qingdao Luohang, enhancing its service capacity in the Bohai Rim region[13]. - The company aims to optimize operational efficiency and revenue through the expansion of third-party business and diversification of property management types[16]. - The company plans to continue expanding its property management business and enhance brand recognition, focusing on core cities and improving project management post-acquisition[61]. - The company plans to explore the "smart city services" sector by integrating digital twin technology with urban services, aiming to provide decision-making support for city management[62]. - The company aims to enhance smart community development by integrating 5G and IoT technologies, improving service efficiency and customer experience[65]. - The company is pursuing strategic acquisitions in the property management sector, with a target of completing at least two major deals within the next 12 months[166]. Corporate Social Responsibility - The company has been committed to corporate social responsibility, engaging in charitable activities and supporting education initiatives[45]. - The company actively promoted green and low-carbon property service concepts, winning several awards for its initiatives in waste classification and environmental sustainability[35]. - The company played a significant role in pandemic prevention efforts, receiving recognition from local governments and communities for its contributions[40]. - The company was awarded the title of "Advanced Unit in Pandemic Prevention and Control" by various local authorities[41]. Governance and Management - The company has established a strong governance structure with experienced directors overseeing its strategic initiatives[147]. - The board consists of 4 executive directors, 2 non-executive directors, and 3 independent non-executive directors, ensuring compliance with listing rules regarding board composition[177]. - The company has a focus on strategic planning and operational management, with Long Han responsible for leading overall development strategies since 2020[152]. - The management team includes independent non-executive directors with extensive experience in finance and property management, enhancing corporate governance[155][156]. - Continuous professional development is encouraged for all directors, with regular updates on company performance and regulatory changes provided[184]. Future Outlook - Future outlook indicates a projected revenue growth of 15% for the upcoming fiscal year, driven by new product launches and market expansion strategies[163]. - The company plans to expand its market presence by entering three new cities in China by the end of 2023, aiming for a 25% increase in market share[166]. - The company has established a new partnership with a leading technology firm to enhance its service offerings, expected to generate an additional $5 million in revenue annually[167]. - The company has set a goal to reduce operational costs by 10% through improved resource management and technology integration[168].