Financial Performance - The group's revenue for the year ended December 31, 2022, was approximately RMB 2,290.5 million, an increase of about 47.1% compared to RMB 1,556.6 million for the year ended December 31, 2021[2]. - The group's gross profit for the year was approximately RMB 537.0 million, representing a growth of about 37.9% from RMB 389.4 million in the previous year, with a gross profit margin of approximately 23.4%[2]. - The group's net profit for the year was approximately RMB 251.3 million, an increase of about 56.2% from RMB 160.9 million for the year ended December 31, 2021[2]. - The group's total comprehensive income for the year was RMB 285.3 million, compared to RMB 161.2 million in the previous year[6]. - The group's profit before tax for the year was approximately RMB 324.7 million, an increase of about 58.4% from RMB 205.1 million for the year ended December 31, 2021[82]. - The profit attributable to equity holders of the company was approximately RMB 247.2 million, an increase of about 55.1% from RMB 159.4 million for the year ended December 31, 2021[84]. Earnings Per Share - Basic earnings per share attributable to equity holders of the company for the year was RMB 0.19, compared to RMB 0.13 in the previous year[3]. - Diluted earnings per share attributable to equity holders of the company for the year was RMB 0.18, compared to RMB 0.13 in the previous year[4]. Revenue Sources - For the fiscal year ending December 31, 2022, the company reported revenue from property management services and commercial property operation management services totaling RMB 1,036,175,000, an increase from RMB 758,618,000 in 2021, representing a growth of approximately 36.6%[25]. - Revenue from community value-added and collaborative services increased from approximately RMB 254.0 million to about RMB 475.8 million, representing an increase of approximately 87.3%[74]. - Revenue from non-owner value-added services rose from approximately RMB 544.0 million to about RMB 754.5 million, an increase of approximately 38.7%[74]. - Revenue from residential property management services accounted for 76.1% of total revenue in 2022, with a total area of 41,952 thousand square meters managed, generating RMB 788,948 thousand[62]. - Revenue from non-residential property management services was RMB 247,227 thousand in 2022, representing 23.9% of total revenue, with a managed area of 4,252 thousand square meters[62]. Assets and Liabilities - The group's total assets and liabilities as of December 31, 2022, are detailed in the consolidated financial position statement[7]. - Non-current assets increased to RMB 149,657 million from RMB 101,451 million, representing a growth of 47.5% year-over-year[8]. - Current assets rose significantly to RMB 3,156,916 million, up from RMB 2,511,237 million, marking a 25.7% increase[8]. - Total liabilities increased to RMB 2,005,461 million from RMB 1,566,203 million, reflecting a growth of 28.0%[8]. - Net asset value reached RMB 1,272,703 million, compared to RMB 1,031,258 million, indicating a year-over-year increase of 23.4%[9]. Cash Flow - The net cash inflow from operating activities for the year was approximately RMB 495.7 million, a decrease of about 44.1% from RMB 886.5 million for the year ended December 31, 2021[2]. - The company reported a significant increase in cash and cash equivalents to RMB 2,703,119 million from RMB 2,261,445 million, a rise of 19.5%[8]. Dividends - The board proposed a final dividend of HKD 0.1 per share, with eligible shareholders having the option to receive the dividend in cash or in new shares[2]. - The board proposed a final dividend of HKD 0.1 per share for the current year, up from HKD 0.06 per share in the previous year[105]. Employee and Operational Growth - As of December 31, 2022, the company employed 13,897 staff, an increase from 11,057 employees a year earlier, reflecting a focus on expanding operational capacity[98]. - The company aims to enhance service quality and operational efficiency through innovative management models and technology integration[100]. Market and Strategic Focus - The company has been focusing on expanding its property management services and community value-added services in China[10]. - The company aims to deepen its presence in key regions, increasing project density in specific cities as part of its growth strategy[101]. - The company is actively exploring acquisition opportunities to further expand its management scale and market presence[50]. Regulatory Environment - The company's business growth is affected by government regulations in China, which may limit property development activities and impact service delivery timelines and occupancy rates[92]. - The government has introduced supportive policies for the property management industry, promoting professional management services and standardization[49]. Corporate Governance - The company maintains high corporate governance standards to protect shareholder rights and enhance corporate value[110]. - The audit committee has reviewed the group's consolidated financial statements for the year[112].

Financial Performance - The company reported revenue of RMB 997,018,000 for the six months ended June 30, 2022, representing a 49.8% increase from RMB 665,188,000 in the same period of 2021[7]. - Gross profit for the same period was RMB 255,649,000, up 45.5% from RMB 175,745,000 year-on-year[7]. - The net profit attributable to equity holders of the company was RMB 130,420,000, a significant increase of 50.7% compared to RMB 86,533,000 in the previous year[7]. - The total comprehensive income for the period was RMB 154,276,000, compared to RMB 86,528,000 in the prior year, marking an increase of 78.2%[7]. - Revenue from property management services reached RMB 475,113,000 for the six months ended June 30, 2022, up 35% from RMB 351,813,000 in the same period last year[21]. - The profit attributable to equity holders for the six months ended June 30, 2022, was RMB 130,420,000, an increase of 50.7% compared to RMB 86,533,000 for the same period in 2021[31]. - Basic earnings per share for the six months ended June 30, 2022, was RMB 0.10, up from RMB 0.07 in the same period of 2021, reflecting a growth of 42.9%[31]. - The company reported a total comprehensive income of RMB 151,361,000 for the six months ended June 30, 2022, compared to RMB 130,420,000 for the same period in 2021, representing an increase of approximately 15.9%[11]. Assets and Liabilities - The company's total assets increased to RMB 2,929,352,000 as of June 30, 2022, compared to RMB 2,511,237,000 at the end of the previous year, reflecting a growth of 16.7%[8]. - Current liabilities rose to RMB 1,920,503,000, up from RMB 1,566,203,000, indicating an increase of 22.6%[9]. - The company’s equity attributable to equity holders increased to RMB 1,102,790,000, compared to RMB 1,011,409,000 in the previous year, an increase of 9.0%[9]. - The group’s contract liabilities increased to RMB 1,071,689,000 as of June 30, 2022, from RMB 787,299,000 at the end of the previous year, indicating business growth[24]. - The company's asset-liability ratio was approximately 63.2% as of June 30, 2022, compared to 60.5% on December 31, 2021[84]. Cash Flow - The net cash used in operating activities for the six months ended June 30, 2022, was RMB (312,486,000), compared to RMB (12,814,000) for the same period in 2021, indicating a significant increase in cash outflow[12]. - The company’s cash and cash equivalents stood at RMB 1,956,998,000, down from RMB 2,261,445,000, a decrease of 13.4%[8]. - The cash and cash equivalents decreased to RMB 1,956,998,000 as of June 30, 2022, from RMB 2,261,445,000 at the beginning of the period, a reduction of about 13.4%[12]. - The company recorded a net cash inflow from investing activities of RMB 9,427,000 for the six months ended June 30, 2022, compared to RMB 6,345,000 for the same period in 2021, showing an increase of approximately 48.8%[12]. - The financing activities resulted in a net cash outflow of RMB (1,388,000) for the six months ended June 30, 2022, compared to RMB (7,103,000) for the same period in 2021, indicating a decrease in cash outflow by approximately 80.5%[12]. Business Strategy and Operations - The company has been focusing on expanding its urban service operations, aiming to enhance its market presence in the PRC[6]. - The company is actively investing in new technologies and product development to improve service efficiency and customer satisfaction[6]. - The company plans to continue expanding its property management services and community value-added services in the People's Republic of China[13]. - The company aims to become a leading urban space operation service provider in China, as indicated by its recognition in various industry rankings[52]. - The company is actively promoting the implementation of intelligent tools across various systems to enhance operational efficiency and reduce costs[51]. - The company plans to expand its business scope to commercial asset management, providing operational management services to commercial property owners[92]. - The company actively expanded its property management services through mergers and acquisitions, as well as joint ventures, to increase market share[59]. Shareholder Information - The company reported a total of 1,336,261,106 shares issued and fully paid as of June 30, 2022[44]. - The company has a restricted share incentive plan approved on September 27, 2021, allowing for the issuance of up to 35,300,000 shares[99]. - The company has no dilutive potential ordinary shares, thus diluted earnings per share is the same as basic earnings per share[32]. - The company’s major shareholders hold 5% or more of the issued shares, as recorded in the shareholder register[100]. - The board has resolved not to declare an interim dividend for this period, compared to none in the same period last year[107]. Corporate Governance - The company has maintained high standards of corporate governance, adhering to all applicable principles and code provisions of the Corporate Governance Code during this period[107]. - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial statements and confirmed compliance with applicable accounting standards[108]. - The company has established a framework for risk management and internal control systems, as part of its commitment to corporate governance[108]. - The company expresses gratitude to shareholders for their continued support and to employees for their dedication and loyalty[109].

Financial Performance - The company achieved a revenue of approximately RMB 1,556.6 million, representing a year-on-year growth of 51.3%[8] - The company’s net profit attributable to shareholders was RMB 159.4 million, reflecting a year-on-year increase of 50.2%[8] - The gross profit for the year was approximately RMB 389.4 million, representing a gross margin of 25.0%, up from 24.5% the previous year, attributed to higher-margin value-added service revenues[63] - Profit before income tax for the year was approximately RMB 205.1 million, up about 42.5% from RMB 143.9 million in the previous year[70] - Income tax expenses rose to approximately RMB 44.2 million, a growth of about 19.5% from RMB 37.0 million in the previous year, driven by increased pre-tax profit[71] - Profit attributable to equity holders for the year was approximately RMB 159.4 million, an increase of about 50.2% from RMB 106.1 million in the previous year[73] - The company’s total revenue for the year was approximately RMB 1,556.6 million, an increase of about 51.3% compared to RMB 1,028.6 million for the previous year[57] Revenue Breakdown - Property management service revenue was approximately RMB 758.6 million, up 31.1% year-on-year[8] - Revenue from residential properties accounted for 77.3% of total revenue, while non-residential properties contributed 22.7%[43] - Revenue from community value-added and collaborative services rose to approximately RMB 254.0 million, a growth of about 110.8% from RMB 120.5 million, driven by an expanded customer base and enhanced service offerings[50][61] - Non-owner value-added services revenue increased to approximately RMB 544.0 million, up about 65.0% from RMB 329.6 million, primarily due to increased demand from real estate developers[54][61] - Smart community services revenue reached RMB 53.99 million, accounting for 21.3% of total community value-added services revenue, up from 18.7% the previous year[52] - Home life services revenue was RMB 72.02 million, representing 28.4% of total community value-added services revenue, an increase from 33.8% the previous year[52] Business Expansion and Acquisitions - The company completed the acquisition of 51% equity in Luoyang Quanshun Property Service Co., Ltd. during the year[12] - The total contracted management area reached approximately 73.9 million square meters, an increase of about 26.7 million square meters year-on-year[12] - The company’s contract reserve area grew by 89.1% year-on-year, reaching approximately 40.8 million square meters[12] - The total contracted projects increased to 489, reflecting a growth of about 48.2% from 330 projects as of December 31, 2020[35] - The company signed contracts for property management services with Xiamen Jianfa Group covering approximately 44.0 million square meters, a growth of about 61.8% from 27.2 million square meters as of December 31, 2020[41] Operational Efficiency and Cost Management - The company will continue to enhance its digital processes, including the implementation of electronic invoices and automated payroll systems, to reduce costs and improve efficiency[16] - The company’s sales costs increased by approximately 50.3% to RMB 1,167.3 million, mainly due to the expansion of business scale[62] - The total administrative and other operating expenses for the year amounted to approximately RMB 212.9 million, an increase of about 55.7% compared to RMB 136.7 million for the previous year[67] Corporate Governance and Board Composition - The company is committed to maintaining high standards of corporate governance, as evidenced by the diverse expertise of its directors[112][117] - The board includes members with significant experience in both local and international markets, which is beneficial for market expansion strategies[116][117] - The independent non-executive directors play a vital role in ensuring transparency and accountability within the company's operations[112][117] - The company has a strong board composition with members possessing extensive experience in finance, law, and corporate governance, which is crucial for strategic decision-making[116][117][112] Shareholder and Dividend Information - The company proposed a final dividend of HKD 0.06 per share, subject to shareholder approval[8] - The company has adopted a dividend policy to maintain sufficient cash reserves for operational needs and future growth, without a preset payout ratio[137] - The company is focused on maintaining shareholder value while considering operational performance and cash flow in dividend declarations[137] Market Position and Strategy - The company achieved a ranking of 32nd in the "Top 100 Property Service Enterprises in China" by the China Index Academy, improving by 4 positions from the previous year[30] - The property management industry is experiencing rapid growth, leading to increased market consolidation and pressure for scale expansion[91] - The company aims to enhance service quality and stabilize customer satisfaction to maintain a strong brand reputation[92] - The company plans to expand its business scale through multiple channels, focusing on stable delivery and improving customer delivery experience[21] Risk Management and Future Planning - The company emphasizes the importance of risk management and future development planning in its annual report[134] - The group does not face significant interest rate risk due to the absence of major interest-bearing assets and liabilities[86] - The majority of the group's revenue and expenses are denominated in RMB, mitigating significant foreign exchange risk[87] Employee and Operational Growth - As of December 31, 2021, the group employed 11,057 staff, an increase from 7,488 employees on December 31, 2020[89] - Continuous optimization of information systems is expected to improve operational efficiency and profitability[95] Related Party Transactions and Agreements - The business framework agreement allows the company to provide services to Xiamen Jianfa and its subsidiaries until December 31, 2022[192] - The expected annual revenue caps under the business framework agreement for the group from Xiamen Jianfa Group are RMB 100 million, RMB 200 million, and RMB 250 million for the three years ending December 31, 2022[197] - The expected annual revenue caps under the business framework agreement from Jianfa International Group are RMB 270 million, RMB 550 million, and RMB 745 million for the three years ending December 31, 2022[195]

Financial Performance - Revenue for the six months ended June 30, 2021, was RMB 665,188 thousand, representing a 47.2% increase from RMB 452,165 thousand in the same period of 2020[7] - Gross profit for the same period was RMB 175,745 thousand, up 60.0% from RMB 109,758 thousand year-on-year[7] - Net profit for the period was RMB 86,586 thousand, an increase of 40.9% compared to RMB 61,471 thousand in the previous year[7] - The company reported a basic and diluted earnings per share of RMB 0.07 for the period, compared to RMB 0.05 in the same period last year[7] - The company reported a total comprehensive income of RMB 86,533,000 for the period, compared to RMB 61,011,000 in the previous year, reflecting an increase of approximately 42%[11] - The company reported a profit attributable to equity holders of RMB 86,533,000 for the six months ended June 30, 2021, compared to RMB 61,011,000 for the same period in 2020, representing an increase of approximately 42%[34] - Basic earnings per share increased to RMB 0.07 for the six months ended June 30, 2021, up from RMB 0.05 in the same period of 2020[34] Assets and Liabilities - Total assets as of June 30, 2021, amounted to RMB 1,200,149 thousand, compared to RMB 1,043,635 thousand at the end of 2020, reflecting a growth of 15.0%[8] - Trade and other receivables increased significantly to RMB 303,975 thousand from RMB 135,087 thousand, marking a 125.0% rise[8] - Current liabilities decreased slightly to RMB 742,355 thousand from RMB 668,000 thousand, indicating a 11.1% reduction[8] - Non-current liabilities decreased from RMB 14,177,000 to RMB 13,039,000, a reduction of approximately 8%[9] - Total liabilities decreased from RMB 14,177,000 to RMB 13,039,000, indicating a reduction of approximately 8%[9] - Trade receivables increased significantly to RMB 264,413,000 as of June 30, 2021, compared to RMB 97,471,000 as of December 31, 2020, indicating a growth of approximately 171%[37] - The company's net current assets as of June 30, 2021, were approximately RMB 457.8 million, an increase of about RMB 82.2 million from RMB 375.6 million as of December 31, 2020, driven by an increase in accounts receivable[94] Cash Flow - The company reported a net cash outflow from operating activities of RMB 12,814,000 for the six months ended June 30, 2021, compared to a cash inflow of RMB 1,183,000 in the same period of 2020[12] - Cash and cash equivalents decreased from RMB 1,388,624,000 to RMB 872,587,000, a decline of about 37%[12] - The company’s financing activities resulted in a net cash outflow of RMB 7,103,000, compared to an inflow of RMB 225,147,000 in the previous year[12] - Cash and cash equivalents decreased by approximately RMB 13.6 million (about 1.5%) to approximately RMB 872.6 million, primarily due to increased costs and expenses from providing value-added services to non-owners[91] Revenue Breakdown - Revenue from property management services for the six months ended June 30, 2021, was RMB 351,813,000, an increase of 24.7% compared to RMB 281,935,000 for the same period in 2020[23] - Revenue from community value-added and collaborative services reached RMB 40,063,000 for the six months ended June 30, 2021, up 40.8% from RMB 28,499,000 in the same period of 2020[23] - Revenue from value-added services to non-owners increased significantly to RMB 173,539,000 from RMB 98,360,000 year-over-year[51] - Revenue from residential property management services was RMB 269.7 million, accounting for 76.6% of total revenue, while non-residential services generated RMB 82.2 million, making up 23.4%[70] - Community value-added and collaborative services revenue surged to approximately RMB 89.8 million, a significant increase of about 111.8% from RMB 42.4 million in the previous year[75] - Revenue from non-owner value-added services rose to approximately RMB 223.6 million, marking a growth of about 75.0% from RMB 127.8 million year-over-year[78] Market Expansion and Strategy - The company has plans for market expansion and new product development, focusing on enhancing urban service operations in the PRC[6] - The company is actively exploring potential mergers and acquisitions to strengthen its market position and service offerings[6] - The management remains optimistic about future growth prospects, aiming for continued revenue and profit increases in the upcoming quarters[6] - The company aims to become a leading urban space operation service provider in China, as recognized by various industry awards[58] - The company is actively pursuing mergers and acquisitions to drive business growth and market expansion[57] Corporate Governance - The audit committee, composed of four independent non-executive directors, reviewed the unaudited consolidated financial statements for the six months ended June 30, 2021, and found them compliant with applicable accounting standards[112] - The company has maintained high standards of corporate governance, adhering to all applicable principles and provisions of the corporate governance code during the period[111] - The company is committed to providing a framework that protects shareholder rights and enhances corporate value through high governance standards[112] Employee and Management - The total employee cost for the company during the period was approximately RMB 362.9 million, compared to RMB 264.1 million in the same period last year, with the number of employees increasing to 8,601 from 7,488[98] - The management structure was optimized from a five-level integration to a three-level structure, enhancing overall operational management and decision-making efficiency[57] Shareholder Information - As of June 30, 2021, the total issued shares of the company were 1,176,711,106[105] - Major shareholder Yihong International Limited holds 760,480,106 shares, representing 64.63% of the company's equity[109] - Directors and executives hold a total of 60,412,000 shares, accounting for 5.13% of the company's equity[104] - The company has a restricted share incentive plan approved on June 9, 2021, involving the issuance of 35,300,000 shares[107]

Financial Performance - The company achieved total revenue of approximately RMB 1,028.6 million, representing a year-on-year growth of 28.4%[12] - The company’s net profit attributable to equity holders was approximately RMB 106.1 million, marking a year-on-year increase of 55.6%[12] - Gross profit rose to approximately RMB 251.7 million, a 37.2% increase from RMB 183.4 million, with a gross margin improvement from 22.9% to 24.5%[56] - Profit before tax increased by approximately 53.6% to RMB 143.9 million from RMB 93.7 million in the previous year[63] - Income tax expenses rose by approximately 45.7% to RMB 37.0 million, driven by increased pre-tax profits[64] - Revenue from property management services for the year 2020 was RMB 578,461 thousand, up from RMB 486,314 thousand in 2019, representing a year-over-year increase of approximately 19.0%[40] Property Management Services - Property management service revenue was approximately RMB 578.5 million, with a year-on-year increase of 19.0%[12] - The property management service revenue for the year was approximately RMB 578.5 million, an increase of about 19.0% from RMB 486.3 million in the previous year[31] - The revenue contribution from residential properties was 73.5% in 2020, while non-residential properties contributed 26.5%[42] - The area of non-residential properties under management was approximately 2.5 million square meters as of December 31, 2020, a slight decrease from 2.7 million square meters in 2019, due to the voluntary non-renewal of certain contracts[42] - The company signed contracts for property management services with independent third parties covering approximately 20.0 million square meters, a growth of about 32.5% from 15.1 million square meters in 2019[39] Growth and Expansion - The total contracted building area reached approximately 47.2 million square meters, a year-on-year increase of 36.0%[15] - The area under management was approximately 25.6 million square meters, with a year-on-year growth of 23.7%[15] - The number of contracted projects increased to 330, up by approximately 23.1% from 268 projects in the previous year[32] - The company aims to enhance core competitiveness by maintaining high-quality property management services and optimizing quality control[20] - The company plans to expand its property management service scale through multi-channel strategies, including partnerships with government departments and state-owned enterprises[21] Customer Satisfaction and Service Quality - Customer satisfaction for property management services reached 93%[14] - The company will continue to develop diversified value-added services to enhance customer satisfaction and community experience[23] - The company is focused on providing diversified and in-depth value-added services to increase customer satisfaction and loyalty[84] - The company established a three-tier service quality control system to ensure comprehensive coverage and layered supervision of service quality[200] Technology and Innovation - The company launched an online shopping platform "C&D Property Selection" to enhance community value-added services[16] - The smart property management system was implemented to improve service professionalism and operational automation[17] - The company is focused on upgrading information technology and smart management methods to improve operational efficiency and profitability[24] - The company actively incorporates sustainable development into daily business operations and decision-making processes[192] Corporate Governance - The company has a strong governance structure with a diverse board of directors, including professionals from finance, law, and real estate sectors[89][90][91] - The company is committed to maintaining high standards of corporate governance and transparency in its operations[89][90][91] - The board consists of two executive directors, one chairman, and three independent non-executive directors, ensuring compliance with listing rules[151] - The company has established a corporate governance framework and policies to enhance oversight of business conduct[149] Risk Management - The company has established various risk management procedures, including risk identification, analysis, response, monitoring, and reporting[169] - The company encourages employees to adopt proactive risk management approaches to enhance risk awareness culture[171] - The board is responsible for evaluating the effectiveness of the risk management and internal control systems[169] Shareholder Relations - The company aims to establish effective communication channels with investors to convey its value and maintain high transparency in corporate governance[25] - The company emphasizes the importance of effective communication with shareholders to enhance investor relations and understanding of business performance and strategies[185] - The company encourages shareholders to attend all general meetings and has procedures in place for shareholders to propose resolutions[179] Future Outlook - The company anticipates that its business operations will not be significantly adversely affected by the COVID-19 pandemic, with new opportunities arising from changes in consumer habits[80] - The company aims to achieve quality rapid growth while continuously enhancing corporate and shareholder value[85] - The company aims to become a leading urban space operation service provider, connecting people with spaces and creating a service network covering various core scenarios[191] Employee and Operational Insights - The group employed 7,488 employees as of December 31, 2020, compared to 6,557 employees as of December 31, 2019, reflecting an increase of approximately 14.2%[79] - The company emphasizes high-quality service and product strategy, aiming to enhance customer experience and operational efficiency[199] - The company prioritizes service and product quality, customer satisfaction, and employee training as key issues for stakeholder concern[198]