Suxin Joyful Life Services Co., Ltd. 蘇 新 美 好 生 活 服 務 股 份 有 限 公 司 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。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2152） 透過公開招標 收購連雲港港口維修工程有限公司51%股權 茲 提 述 本 公 司 日 期 為 2025 年 1 月 17 日 的 公 告 ， 內 容 有 關 建 議 在 連 雲 港 交 易 中 心 通過公開招標收購銷售股權。於本公告日期，已完成連雲港交易中心的公開招 標程序。本公司是銷售股權的中標人，最終投標價為人民幣23,766,000元。 於 2025 年 2 月 19 日（ 交 易 時 段 後 ）， 買 方 與 賣 方 訂 立 該 協 議 ， 據 此 ， 買 方 同 意 收 購而賣方同意按最終投標價出售銷售股權。 上市規則之涵義 由 於 有 ...

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。 Suxin Joyful Life Services Co., Ltd. 蘇 新 美 好 生 活 服 務 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2152） 建議透過公開招標 收購連雲港港口維修工程有限公司51%股權 建議收購事項 董 事 會 宣 布 ， 於 2025 年 1 月 17 日 ， 本 公 司 透 過 連 雲 港 交 易 中 心 公 開 招 標 提 交 建 議收購銷售股權（ 佔目標公司51 %股權 ）的標書。根據連雲港交易中心的規定， 中標者須與賣方就建議收購事項訂立資產交易協議。銷售股權的底價為人民幣 23,766,000元。 上市規則之涵義 由 於 有 關 收 購 事 項 之 一 項 或 多 項 適 用 百 分 比 率（ 定 義 見 上 市 規 則 ）超 過 5 % 但 全 部低於2 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 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，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Suxin Joyful Life Services Co., Ltd. 蘇 新 美 好 生 活 服 務 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2152） 於2025年1月15日舉行的 臨時股東大會 投票表決結果 茲提述蘇新美好生活服務股份有限公司（「本公司」）日期為2024年12月20日的通函 （「該通函」）及通告（「該通告」，連同該通函統稱「臨時股東大會文件」）。除文義另 有所指外，本公告所用詞彙與臨時股東大會文件所界定者具有相同涵義。 臨時股東大會 董事會欣然宣佈，臨時股東大會已於2025年1 月15 日（ 星期三 ）上午十時正假座中 國江蘇省蘇州市高新區獅山路28號蘇州高新廣場30樓3001室召開並舉行。 於臨時股東大會日期，已發行股份總數為101,047,000股股份，包括75,000, ...

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，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Suxin Joyful Life Services Co., Ltd. 蘇 新 美 好 生 活 服 務 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2152） 任命總經理 蘇新美好生活服務股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，陳明棟 先生（「陳先生」）獲委任為本公司總經理，接替副總經理周軍先生（「周先生」）行使 的總經理職權，自2025年1月7日起生效。 陳先生已獲委任為本公司總經理，主持日常經營管理工作。陳先生的簡歷詳列如 下。 陳 先生 ，47 歲， 於2024 年 6 月 獲委 任 為本 公司 執行 董 事兼 董事 會 秘書 。陳 先 生於 1997 年 7 月加 入蘇州 蘇高 新集團 有限 公司（「蘇高 新公司」）歷 任多 個管理 崗位 ，於 1997年7月至2015年7月先 ...

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 通 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 對 因 本 通 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Suxin Joyful Life Services Co., Ltd. （股份代號：2152） 臨 時 股 東 大 會 通 告 茲 通 告 蘇 新 美 好 生 活 服 務 股 份 有 限 公 司（「本 公 司」）謹 訂 於2025年1月15日（星 期 三） 上 午 十 時 正 假 座 中 國 江 蘇 省 蘇 州 市 高 新 區 獅 山 路28號 蘇 州 高 新 廣 場30樓3001 室 舉 行 臨 時 股 東 大 會（「臨 時 股 東 大 會」），以 考 慮 並 酌 情 通 過 下 列 決 議 案。 普 通 決 議 案 「動 議 謹 此 確 認 及 批 准 本 公 司 與 蘇 州 蘇 高 新 集 團 有 限 公 司 訂 立 日 期 為2024年 11月28日 的 物 業 管 理 服 務 ...

此 乃 要 件 請 即 處 理 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 通 函 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 對 因 本 通 函 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 閣 下 如 對 本 通 函 任 何 內 容 或 將 採 取 的 行 動 有 任 何 疑 問，應 諮 詢 閣 下 的 股 票 經 紀 或 其 他 註 冊 證 券 交 易 商、銀 行 經 理、律 師、專 業 會 計 師 或 其 他 專 業 顧 問。 閣 下 如 已 售 出 或 轉 讓 名 下 所 有 的 蘇 新 美 好 生 活 服 務 股 份 有 限 公 司 股 份，應 立 即 將 本 通 函 及 隨 附 代 表 委 任 表 格 送 交 買 主 或 承 讓 人 或 經 手 買 賣 或 轉 讓 的 銀 行、股 票 經 紀 或 其 他 代 理 商，以 便 轉 交 買 主 或 承 讓 人。 Suxin Joyful Life Services Co., Ltd. 蘇 ...

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。 Suxin Joyful Life Services Co., Ltd. 蘇 新 美 好 生 活 服 務 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2152） 重續持續關連交易 重續持續關連交易 董事會宣佈，於2024年11月28日（ 交易時段後 ），本公司(i)與高新自來水訂立新 供水總協議及(ii)與蘇高新公司訂立新物業管理服務總協議，期限自2025年1月1 日 起 至 2027 年 12 月 31 日 止 。 為 使 本 集 團 所 有 持 續 關 連 交 易 協 議 的 期 限 覆 蓋 同 期，於2024年11月28日（ 交易時段後 ），潤嘉（ 本公司之全資附屬公司 ）與高新自 來水亦訂立新服務採購框架協議，該協議期限為自2025年1月1日起至2027年12 月31日止，據此，現有服務採購框架協 ...

Company Locations and Offices - The company's registered office and headquarters are located at Room 3001, 30/F, SND International Commerce Tower, 28 Shishan Road, Gaoxin District, Suzhou, Jiangsu Province, PRC[3] - The principal place of business in Hong Kong is at 40/F, Dah Sing Financial Centre, 248 Queen's Road East, Wan Chai, Hong Kong[3] - The H Share Registrar is Computershare Hong Kong Investor Services Limited, located at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong[4] - The company's auditor is Ernst & Young, located at 27/F, One Taikoo Place, 979 King's Road, Quarry Bay, Hong Kong[4] - The compliance advisor for the company is Dongxing Securities (Hong Kong) Company Limited, located at 7503B–7504, 75/F, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong[4] Financial and Legal Advisors - The company's principal banks include Industrial and Commercial Bank of China, Agricultural Bank of China, Hua Xia Bank, Bank of Communications (Hong Kong) Limited, and Chiyu Banking Corporation Limited[5] - The company's legal advisors include Grandall Zimmern Law Firm for Hong Kong law and Jiangsu He & Partners Law Firm for PRC law[4] Company Information and Stock Details - The company's website is www.suxinfuwu.com[5] - The stock code for the company on the Hong Kong Stock Exchange is 2152[5] - The Group's H shares were listed on the Main Board of the Stock Exchange on 24 August 2022 by way of global offering[78] Board of Directors - The company's board of directors includes executive directors Mr. Cui Xiaodong (Chairman), Mr. Zhou Jun, and Mr. Chen Mingdong (appointed with effect from 14 June 2024), and non-executive directors Ms. Li Xin, Mr. Cao Bin, and Mr. Zhang Jun[2] Company Achievements and Rankings - The Group has been recognized as one of the Top 100 Property Management Companies of China for nine consecutive years since 2016[79] - The Group was ranked 33rd among the 2024 Top 100 Property Management Companies of China by CIA in terms of overall strength[79] - The Group was honored as one of the "Leading Smart City Services Companies in China" by CIA in 2024[79] - Shishan Cultural Square, a project under management, was accredited as "China Five-Star Property Service Project in 2024"[79] - The Group was ranked 33rd among the Top 100 Property Management Companies in China in 2024[80] - The Group's Lion Mountain Cultural Plaza project was awarded the "2024 China Five-Star Property Service Project"[80] Property Management and Services - The Group's total contracted gross floor area reached 18.0 million sq.m. as of 30 June 2024, representing a 14.6% increase compared to 30 June 2023[85][86] - The Group managed 139 projects with a total GFA of over 16.5 million sq.m. as of 30 June 2024[85][86] - The Group's basic residential property management services grew significantly, with GFA under management increasing from 7,943.7 thousand sq.m. in 2023 to 9,506.6 thousand sq.m. in 2024, a 19.7% increase[90] - The Group provided municipal infrastructure services to 32 projects as of 30 June 2024[93][96] - The Group managed public facilities with a GFA of approximately 3.8 million sq.m. as of 30 June 2024[94][97] - The Group operated three waste collection centers with a maximum daily processing capacity of 1,200 tons of household waste and 50 tons of bulky waste as of 30 June 2024[99] - The Group's basic commercial property management services expanded, with GFA under management increasing from 3,453.1 thousand sq.m. in 2023 to 3,849.4 thousand sq.m. in 2024, an 11.5% increase[90] - The Group's total number of managed projects increased from 111 in 2023 to 139 in 2024, a 25.2% growth[90] - The company operates three waste treatment centers with a maximum daily processing capacity of 1,200 tons of domestic waste and 50 tons of bulky waste as of June 30, 2024[101] - The company manages 61 commercial properties with a total GFA of approximately 9.5 million sq.m. and 31 residential properties with a total GFA of approximately 3.2 million sq.m. as of June 30, 2024[103][106] Financial Performance - Group revenue increased by 28.3% from RMB348.8 million in H1 2023 to RMB447.5 million in H1 2024, driven by growth in city services and commercial property management[118][120] - City services revenue grew 39.9% to RMB288.3 million, primarily due to expansion of municipal infrastructure services and addition of public facilities like cultural and sports complexes[118][120] - Commercial property management revenue increased 27.7% to RMB119.4 million, driven by growth in managed commercial property sales offices and industrial park projects[118][120] - Residential property management revenue decreased 16.3% to RMB32.2 million, mainly due to the closure of the Haixu Lanting project[119][120] - Property leasing revenue declined 28.9% to RMB7.6 million, primarily due to lower occupancy rates at Jinlin Apartment[119][120] - Gross profit increased 18.5% to RMB88.1 million, with a gross profit margin of 19.7%, down from 21.3% in H1 2023[127][128] - Cost of sales rose to RMB359.5 million, up from RMB274.5 million in H1 2023, primarily due to new projects[124][125] - City services gross profit margin decreased to 20.3% from 22.0%, while commercial property management margin improved to 18.3% from 17.7%[127] - Property leasing gross profit margin dropped significantly to 62.1% from 84.1% in H1 2023[127] - Residential property management gross profit margin declined to 8.5% from 9.0%[127] - Gross profit for city services increased by 29.6% from RMB45.3 million to RMB58.7 million due to expanded integrated city services and new public facilities[130] - Gross profit for commercial property management services rose by 32.4% from RMB16.5 million to RMB21.9 million, driven by increased management of sales offices and industrial parks[130] - Gross profit for residential property management services decreased by 20.8% from RMB3.5 million to RMB2.7 million due to the closure of the Haixu Lanting project[130] - Gross profit for property leasing services dropped by 47.5% from RMB9.0 million to RMB4.7 million due to lower occupancy rates at Jinlin Apartment[130] - Other income and gains decreased by 41.5% from RMB11.5 million to RMB6.7 million, primarily due to reduced exchange differences[130] - Other expenses surged by 20.9 times from RMB0.6 million to RMB13.0 million due to fair value losses on investment properties[133] - Finance costs decreased by 13.5% from RMB7.9 million to RMB6.8 million due to lower bank loan interest rates and partial loan repayments[134] - Profit for the period decreased from RMB34.5 million to RMB32.4 million, mainly due to increased other expenses[136] Financial Position and Assets - Investment properties decreased from RMB332.7 million to RMB322.2 million due to a decline in the fair value of Jinlin Apartment[145] - Equity investments designated at fair value through other comprehensive income stood at RMB4.8 million as of 30 June 2024[146] - Trade receivables increased by 31.2% from RMB295.1 million as of 31 December 2023 to RMB387.2 million as of 30 June 2024, driven by the expansion of city services and unsettled payments for integrated city services projects[154][155] - Trade payables increased by 25.4% from RMB301.3 million as of 31 December 2023 to RMB377.8 million as of 30 June 2024, primarily due to unsettled payments for integrated city services projects[154][155] - Contract liabilities decreased by 24.3% from RMB53.7 million as of 31 December 2023 to RMB40.6 million as of 30 June 2024, mainly due to a decrease in advance receipts[156][159] - Total current assets increased by 1.6% from RMB868.0 million as of 31 December 2023 to RMB881.8 million as of 30 June 2024, driven by the expansion of city services and increased trade receivables[157][160] - Total current liabilities increased by 9.9% from RMB510.9 million as of 31 December 2023 to RMB561.6 million as of 30 June 2024, primarily due to increased trade payables[157][160] - Net current assets decreased by 10.3% from RMB357.1 million as of 31 December 2023 to RMB320.3 million as of 30 June 2024[157][160] - Cash and cash equivalents amounted to RMB313.8 million as of 30 June 2024, with RMB190.6 million denominated in RMB and HK$135.0 million (equivalent to RMB123.2 million) in Hong Kong dollars[158][161] - Interest-bearing bank loans amounted to RMB114.1 million as of 30 June 2024, all denominated in RMB and carried at fixed rates[164] - The Group's total borrowings as of 30 June 2024 were RMB114.063 million, a decrease from RMB119.063 million as of 31 December 2023[165] - Capital expenditures for the six months ended 30 June 2024 were RMB13.3 million, significantly lower than the RMB49.0 million recorded as of 31 December 2023[168] - Other liabilities as of 30 June 2024 were RMB175.6 million, slightly increased from RMB174.0 million as of 31 December 2023[170] - The Group's gearing ratio for the six months ended 30 June 2024 was 35.8%, a slight decrease from 36.1% as of 31 December 2023[171] - The Group's bank loans of approximately RMB114.1 million were secured by investment properties and buildings with a carrying value of RMB52.4 million as of 30 June 2024[171] Strategic Plans and Investments - The company plans to expand its business scale through mergers and acquisitions, equity investments, and strategic cooperation to improve project bidding rates and business growth rates[105][108] - The company aims to fully enter the Jiangsu Province market, optimizing service strategies and expanding its service range to establish a comprehensive business network[110][111] - The company will enhance service quality and customer satisfaction through regular feedback surveys, staff training, and customized property solutions[112][113] - The company will accelerate digital development by promoting integrated customer service centers and WeChat Apps, improving service quality and efficiency through smart property management systems[112][113] - The Group successfully acquired land use rights in Suzhou for RMB49.57 million, with full payment completed by the report date[184] - The company successfully acquired the land use rights for Suzhou land at a cost of RMB 49.57 million, paid in two installments of 50% each, with full payment completed by the report date[187] - The company raised net proceeds of approximately HK$176.3 million from the Global Offering, including HK$8.78 million from the partial exercise of the Over-allotment Option[189] - The company reallocated HK$52.9 million of net proceeds from "Acquisition of office building in Hong Kong for own use and leasing" to fund the "Acquisition of the land in the PRC"[190] - The company plans to utilize the net proceeds according to the plans set out in the prospectus dated 10 August 2022 and the 2024 UOP Announcement, with no other changes to the use of remaining unutilized net proceeds[191] - The company allocated HK$52.9 million for the acquisition of other property management companies and companies providing city services and property management services, with completion expected by 31 December 2024[192] - The company allocated HK$52.9 million for strategic investments in waste collection centers and companies providing operational and management services to waste collection centers, with completion expected by 31 December 2024[192] - The company allocated HK$26.4 million for the establishment of its own brand "Suxin Leju" and the launch of apartment management and operational services for housing for talents, with completion expected by 31 December 2024[193] - The company allocated HK$14.1 million for investments in companies providing elderly care, nursing, and medical services, with no specific completion date provided[193] - As of 30 June 2024, the company had unutilized net proceeds of HK$52.9 million, with expected full utilization by 31 December 2024[193] - Technological investment of HK$71 million allocated for the Group's technologies and intelligent operations, with full utilization expected by 31 December 2024[197] - HK$53 million allocated for talent training and retention, to be fully utilized by 31 December 2024[197] - HK$17.6 million allocated for working capital and other general corporate purposes, with full utilization expected by 31 December 2024[197] - Total net proceeds allocated for various purposes amounted to HK$176.30 million, with HK$108.08 million remaining unutilized as of 30 June 2024[197] - HK$17.6 million of net proceeds allocated for the establishment of the Group's own brand "Suxin Leju" and launch of apartment management services, with actual utilization delayed to 1 January 2024[198][199] - Net proceeds for the "Suxin Leju" project amounted to HK$24.11 million for the six months ended 30 June 2024[198][199] - Funds were reallocated to support the Company's acquisition of Suzhou land[198][199] Risk Management and Financial Instruments - The Group's major financial instruments include bank loans, finance leases, and other liabilities, with risks managed through credit verification and liquidity monitoring[174][175][176] - The Group does not implement any foreign currency hedging policy but closely monitors foreign exchange exposure[177] Subsequent Events and Acquisitions - No significant investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures occurred during the six months ended 30 June 2024[183] - No subsequent events after 30 June 2024 have had a material impact on the Group's operating and financial performance[186]

Financial Performance - For the six months ended June 30, 2024, the total revenue of Suxin Joyful Life Services Co., Ltd. was approximately RMB 447.5 million, an increase of about 28.3% compared to RMB 348.8 million for the same period in 2023[2]. - The gross profit for the same period was approximately RMB 88.1 million, representing an increase of about 18.5% from RMB 74.3 million in 2023, with a gross margin of 19.7%[2]. - The profit for the period was approximately RMB 32.4 million, a decrease of about 6.3% from RMB 34.5 million in the same period of 2023[2]. - The net profit attributable to equity holders of the company was RMB 31.2 million, down from RMB 32.6 million in 2023[1]. - Basic earnings per share for the period were RMB 0.31, compared to RMB 0.32 in the previous year[1]. - The group's profit before tax for the six months ended June 30, 2024, was RMB 359,473,000, an increase from RMB 274,450,000 for the same period in 2023, representing a growth of approximately 30.9%[22]. - The net profit for the period decreased by approximately 6.3% from RMB 345 million to RMB 324 million, mainly due to increased other expenses[71]. Revenue Breakdown - Revenue from urban services was RMB 288,319,000, up 39.8% from RMB 206,069,000 in the previous year[20]. - Revenue from commercial property management services increased to RMB 119,416,000, representing a 27.7% rise from RMB 93,538,000[20]. - Revenue from residential property management services decreased by approximately 16.3% to about RMB 32.2 million, mainly due to the withdrawal of the Haishulan project[60]. - Revenue from property leasing services fell by approximately 28.9% to about RMB 7.6 million, primarily due to a decrease in the occupancy rate of the Jinlin Apartment[60]. Assets and Liabilities - As of June 30, 2024, total non-current assets increased to RMB 778,030,000 from RMB 748,592,000 as of December 31, 2023, representing a growth of approximately 3.5%[6]. - Current assets totaled RMB 881,833,000, up from RMB 868,041,000, indicating an increase of about 1.9%[6]. - Total current liabilities increased to RMB 561,583,000 from RMB 510,929,000, marking an increase of around 9.9%[7]. - The company's total liabilities increased, reflecting ongoing operational demands and project commitments[81]. Cash Flow and Investments - The total value of cash and cash equivalents decreased to RMB 313,757,000 from RMB 397,318,000, a decline of about 21.1%[6]. - The company successfully acquired land use rights in Suzhou for RMB 49.57 million, with payments structured in two installments[93]. - The net proceeds from the global fundraising amounted to approximately HKD 176.3 million, with specific allocations for strategic investments and service enhancements[95]. Employee and Operational Metrics - The total employee benefits expenses for the six months ended June 30, 2024, amounted to RMB 92,647,000, compared to RMB 85,762,000 for the same period in 2023, reflecting an increase of about 8.2%[22]. - The company has a total of 1,639 full-time employees as of June 30, 2024, a slight decrease from 1,647 employees as of December 31, 2023[98]. - The company is actively hiring qualified personnel with property management experience to support ongoing business growth[98]. Corporate Governance and Compliance - The company has maintained high standards of corporate governance, ensuring shareholder interests are protected[99]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2024, and found them to be properly prepared according to applicable listing rules[103]. - The company has adhered to the standards for directors and supervisors conducting securities transactions as of June 30, 2024[100]. Market Position and Recognition - The company has maintained a strong market position in the Yangtze River Delta region, particularly in Suzhou, contributing to business growth[46]. - The company has been recognized as one of the top 100 property service enterprises in China for nine consecutive years since 2016[46]. - The company ranked 33rd in the 2024 China Property Service Top 100 Enterprises list[46]. Future Outlook and Strategy - The company plans to expand its business scale through mergers and acquisitions and equity investments, focusing on project completion and bidding processes[57]. - The company aims to comprehensively enter the Jiangsu market, optimizing service strategies to ensure continuous business growth[58]. - The company is focused on expanding its market presence through the provision of integrated urban services and property management[49].

Financial Performance - The Group's trade receivables increased by approximately 67.2% from approximately RMB176.5 million as of 31 December 2022 to approximately RMB295.1 million as of 31 December 2023, primarily due to the expansion of city services[6]. - The total current assets increased by approximately 47.2% from approximately RMB589.9 million as of 31 December 2022 to approximately RMB868.0 million as of 31 December 2023, mainly due to the expansion of city services[14]. - The Group's net current assets increased by approximately 80.8% from approximately RMB197.5 million as of 31 December 2022 to approximately RMB357.1 million as of 31 December 2023[14]. - The company reported a total revenue of 1.2 billion in 2023, representing a year-over-year growth of 15%[144]. - User data indicates an increase in active users by 20% to 500,000 by the end of 2023[144]. - The company has projected a revenue growth of 10% for the next fiscal year, targeting 1.32 billion[144]. Investments and Acquisitions - The company submitted a bid for the acquisition of 100% equity interest in Sutong Kejia at a final bid price of RMB1 on August 10, 2023[28]. - The company also submitted a bid for the acquisition of 100% equity interest in Runjia, agreeing to acquire 49% for RMB2,053,500 and 51% for RMB2,137,300, totaling RMB4,190,800[28]. - The Runjia acquisition was completed on September 4, 2023, and included a services procurement framework agreement with Suzhou Water Supply Co for maintenance and sanitation services until December 31, 2025[29]. - The company plans to purchase an office building in Hong Kong for both own use and leasing, aligning with its strategy to enhance cooperation with local companies[29]. - The company did not have any other significant investments or acquisitions during the year ended December 31, 2023[31]. - The acquisition of Sutong Kejia and Runjia constituted connected transactions under Chapter 14A of the Listing Rules[28]. Financial Position and Liabilities - The Group's contract liabilities increased by approximately 34.9% from approximately RMB39.8 million as of 31 December 2022 to approximately RMB53.7 million as of 31 December 2023, primarily due to the addition of management projects[11]. - The total current liabilities increased by approximately 30.2% from approximately RMB392.3 million as of 31 December 2022 to approximately RMB510.9 million as of 31 December 2023, primarily due to the increase in trade payables related to city services expansion[14]. - The Group's borrowings totaled approximately RMB119.1 million as of 31 December 2023, a slight decrease from RMB122.5 million as of 31 December 2022[17]. - The Group recorded other liabilities of approximately RMB174.0 million as of 31 December 2023, compared to approximately RMB171.0 million as of 31 December 2022[18]. Risk Management - The Group's liquidity risk is managed by monitoring credit and liquidity risks associated with financial instruments[20]. - The Group is focused on managing and supervising financial risks related to bank loans, finance leases, and other liabilities[54]. - The Company emphasizes the importance of risk management and internal audit as part of its governance structure[91]. - The Company has a structured approach to risk management, ensuring timely and effective measures are in place[54]. Corporate Governance - The Company has established an Audit Committee to review and supervise the financial reporting process and internal control system[91]. - The Company has established a Remuneration Committee to review and provide advice on the remuneration policy for Directors and senior management, ensuring a formal and transparent procedure[95]. - The Company has a structured approach to ensure compliance with corporate governance standards, enhancing decision-making capabilities[108]. - The Board comprises at least three independent non-executive Directors, ensuring a strong element of independence for effective judgment[113]. - The Company has complied with the principles of good corporate governance as of December 31, 2023, with some deviations from code provisions B.2.2 and C.2.1[190]. Strategic Focus and Future Plans - The Group plans to utilize net proceeds of HK$ 52.9 million for acquisitions of other property management companies by 31 December 2024[65]. - Strategic investments in waste collection centers and companies providing operational services are projected to utilize HK$ 52.9 million by 31 December 2024[65]. - The establishment of the Group's own brand "Suxin Leju" is expected to require an investment of HK$ 26.4 million by 31 December 2024[65]. - The Group aims to achieve full utilization of net proceeds by the end of 2023[65]. - The company is expanding its market presence in three new cities, aiming for a 25% increase in market share[144]. - A strategic acquisition of a local competitor is anticipated to enhance service offerings and increase customer base by 30%[144]. Management and Personnel - As of 31 December 2023, the Group had a total of 1,647 full-time employees in China, an increase from 1,226 employees as of 31 December 2022[67]. - The staff cost recognized as expenses for the Group amounted to approximately RMB 174.0 million for the year ended 31 December 2023, compared to approximately RMB 161.3 million for the previous year[67]. - The company has a strong focus on project management and operations across its senior management team[133][135]. - The management team collectively brings diverse expertise from various sectors, enhancing the company's strategic capabilities[131]. Technology and Innovation - Investment in technology development has increased by 40%, focusing on enhancing customer experience and operational efficiency[144]. - The company has implemented a new customer feedback system, which is expected to improve customer satisfaction scores by 15%[144]. - The company’s investments in technologies and intelligent operations increased as a result of business expansion during the year[35]. Compliance and Training - All Directors have participated in continuous professional development to enhance their knowledge and skills during the year ended December 31, 2023[118]. - The Company emphasizes the importance of training regarding responsibilities and obligations under Listing Rules and relevant laws for all Directors[120]. - The Company has arranged training for its Directors, providing them with reading materials on relevant topics to ensure understanding of business operations[120].