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之內容概不 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 部或任何部份內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 Kaisa Prosperity Holdings Limited 佳兆業美好集團有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：2168） 郭英成 香 港，二 零 二 五 年 八 月 十 三 日 於 本 公 告 日 期，董 事 會 包 括 執 行 董 事 郭 英 成 先 生、廖 傳 強 先 生、劉 立 好 先 生、 郭 曉 群 先 生、趙 建 華 先 生 及 牟 朝 輝 女 士；及 獨 立 非 執 行 董 事 劉 洪 柏 先 生、 馬 秀 敏 女 士 及 陳 斌 先 生。 承董事會命 佳兆業美好集團有限公司 主 席 董事會會議通告 佳兆業美好集團有限公司（「本公司」，連 同 其 附 屬 公 司 統 稱 為「本集團」）董 事（「董 事」）會（「董事會」）謹 此 宣 佈，董 事 會 會 議 謹 訂 於 二 零 ...

2025.08. 08 本文字数：3173，阅读时长大约5分钟 近日，高端小区仁恒公园世纪因实行"外卖短驳车运输"模式遭到众多外卖骑手吐槽。骑手因搭乘物业短驳车耗时过久导致超时扣费，而另一方面，业 主担忧外卖电瓶车直接进入小区的安全隐患，该小区的外卖配送问题折射出"效率与安全"的平衡难题。 然而矛盾并非不可调和，无论是豪宅还是普通小区，都已有较为成功的管理案例，更有多家头部物业企业与互联网配送平台直接合作，通过技术赋能大 规模解决外卖骑手的"进门"问题。 作者 | 第一财经 马一凡 这样的分歧近日就出现在上海嘉定一个2024年交付的楼盘中，有业主认为，小区既然实行了人车分流，就不应该让外卖员骑电瓶车进入，否则横冲直 撞的电瓶车会影响老人小孩的安全；但也有业主认为，外卖就应该直接送到楼栋，如果点个外卖还需要自己下楼到小区大门口取，或者要等外卖骑手步 行送入小区，那时间就耗费过多，一点也谈不上方便。 今年以来，探索建设"骑手友好社区"工作正在多个省市大面积推开，暖心措施与地方实践正形成合力，让外卖骑手在严寒酷暑中感受到"进门不难、配 送不慢"的城市温度。 外卖在人车分流小区遭遇"进门难" 最近，上海浦东的一个楼盘 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 佳兆業美好集團有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02168 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 500,000,000 | HKD | | 0.01 | HKD | | 5,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 500,000,000 | HKD | | 0.01 | HKD | | 5,000,000 | 本月底法定/註冊股本總額： H ...

Core Insights - The property management industry is experiencing a significant trend of companies voluntarily exiting projects due to various operational challenges and financial pressures [1][3][5] - The turnover rate of residential property management has increased from 1.7% in 2021 to 3.3% in 2024, indicating a growing willingness among homeowners to change property management companies [7][10] Group 1: Company Exits - China Overseas Property announced its exit from the Ezhou Shuangchuang Star community by August 31, 2025, due to low occupancy rates and high unpaid fees, with a total outstanding amount of 595,900 yuan as of January 2025 [1][4] - Jin Ke Service will withdraw from Chongqing Hengchun Phoenix City by August 31, 2025, citing reduced property fees and legacy issues from developers leading to losses [1][4] - Longfor Property is set to exit Shanghai Su Di Chun Xiao community by August 2025 due to unresolved historical issues causing operational risks [1][4] Group 2: Industry Trends - A report by CRIC shows that from 2021 to 2024, the residential property turnover rate has increased, suggesting a trend where approximately 20,000 residential communities change property management annually [2][7] - Many property management companies, including Wanwu Cloud, Shimao Service, and others, have publicly announced their termination and exit from various projects in their 2024 annual reports [2][3] - The ongoing dissatisfaction among homeowners regarding property services has led to a rise in the number of homeowners seeking to change property management companies [10][11] Group 3: Financial Pressures - The primary reasons for property management companies exiting projects include rising costs, declining collection rates, and insufficient growth in value-added services [5][6] - In 2024, Wanwu Cloud exited 53 residential projects, impacting a saturated income of 286 million yuan, while Shimao Service and others also reported significant areas of project exits [6][5] - Companies are increasingly focusing on high-quality growth, prioritizing high-capacity cities and quality clients, as evidenced by China Overseas Property's increase in new contract amounts in core urban areas [5][6]

Core Insights - Vanke Property is leading the transformation of property services from traditional models to "transparency, precision, and personalization" through technology and innovation [1] Group 1: Digital Service Report - The "Digital Service Report" is an industry-first initiative that visualizes 18 core service data points, including public revenue flow and complaint handling, allowing homeowners to access this information via the "Live Here" app [2] - The introduction of the Digital Service Report has improved transparency in public revenue usage and increased response efficiency for complaints, establishing a trust bridge between property management and homeowners [2] Group 2: Smart Selection Service and Balance Platform - The "Smart Selection Service" model allows homeowners to customize services from 12 modular options, breaking away from traditional package services and ensuring that service offerings meet actual community needs [3] - The "Balance Platform" system enhances community governance by providing transparency, ease of participation, and intelligent decision-making, significantly improving the efficiency of managing public affairs [3] Group 3: Industry Outlook - The essence of smart services is to empower human needs through technology, with Vanke Property creating a governance system that combines digital tools, innovative customization, and transparent collaboration [4] - Vanke Property aims to expand the coverage of the Digital Service Report and Smart Selection Service in Nanjing, continuously optimizing the Balance Platform to facilitate efficient collaboration among property management, homeowners, and homeowners' committees [4]

Company Overview - The company ranked 12th in the national comprehensive strength among property service providers[3]. - The brand valuation is RMB 7.651 billion[3]. - The company manages 728 projects with a total area of 102.7 million square meters[5]. - The company provides services to approximately 510,000 property units nationwide[6]. - The company has over 20 branch companies across the country[3]. Financial Performance - For the year ended December 31, 2024, the Group's revenue decreased by approximately RMB58.8 million to RMB1,735.4 million, representing a decrease of approximately 3.3% compared to the same period in 2023[52]. - Revenue from property management services amounted to RMB1,389.4 million, while revenue from value-added services to property owners and non-property owners amounted to RMB162.1 million and RMB183.9 million, respectively[52]. - The Group's gross profit decreased by approximately 7.7% to approximately RMB444.5 million from approximately RMB481.3 million for the year ended December 31, 2023[53]. - The Group reported a profit of approximately RMB25.6 million for the year ended December 31, 2024, compared to a loss of approximately RMB437.6 million for the year ended December 31, 2023[53]. - Profit attributable to owners of the Company was approximately RMB14.6 million, a significant recovery from a loss of approximately RMB450.0 million for the year ended December 31, 2023[54]. - Total revenue for the year ended December 31, 2024, decreased by approximately 3.3% to approximately RMB 1,735.4 million from RMB 1,794.3 million for the year ended December 31, 2023[80]. - Gross profit for the year ended December 31, 2024, decreased by approximately 7.7% to approximately RMB 444.5 million from RMB 481.3 million for the year ended December 31, 2023[81]. Market and Industry Trends - The real estate industry is undergoing positive changes due to favorable policies aimed at stabilizing the market and preventing risks[38]. - Despite favorable policies, the real estate development market is gradually contracting, with significant declines in investment and sales areas[39]. - The property management industry continues to show a "Stock + Increment" development model, indicating solid fundamentals despite a deceleration in the real estate market[44]. - The overall development trend of property management services is promising, with a reasonable layout of the property industry and competitive service offerings[110]. Strategic Initiatives - In 2024, the company launched several quality enhancement campaigns, including "Spring Breeze in Kaisa 2.0" and "Rejuvenating with Quality" to improve customer experience[21]. - The company has invested in safety initiatives, including "100 Days of Safety without Accident" to enhance fire safety awareness among employees and residents[22]. - Kaisa Prosperity expanded its offline exhibition halls to 11 cities, enhancing the integration of property services and value-added services[28]. - The Group's strategic focus includes the integration of intelligent technology to enhance service quality and operational efficiency[45]. - The Group launched special campaigns such as "Jiarun Campaign" and "Jiafen Campaign" to improve customer services, focusing on enhancing customer experience through various quality initiatives[58]. Community Engagement and Social Responsibility - The company actively explored incremental market-oriented operational models to improve the accessibility and sustainability of quality medical services for community residents[26]. - Kaisa Prosperity collaborated with the "Yuehuanxin" platform to provide over 700 community residents with reliable recycling solutions, promoting resource recycling[30]. - The Group implemented community cultural systems to enhance neighborhood harmony and improve the happiness index of property owners[63]. - A large number of personnel were deployed for safety campaigns, effectively improving fire safety awareness and emergency response capabilities among residents[64]. - The Group launched social responsibility initiatives in multiple cities, equipping projects with AEDs and conducting emergency training to reduce unnatural deaths[65]. Operational Efficiency and Cost Management - The company aims to strengthen its foundation while reducing costs and increasing revenue[21]. - The Group focused on enhancing operational service capabilities in community life and asset management, achieving stable revenue growth while reducing costs[67]. - Direct operating expenses decreased by approximately RMB22.0 million from approximately RMB1,312.9 million in 2023 to approximately RMB1,290.9 million in 2024[135]. - Selling and marketing expenses decreased by approximately 13.5% from approximately RMB12.6 million in 2023 to approximately RMB10.9 million in 2024[150]. - Administrative expenses decreased by approximately 9.8% from approximately RMB189.9 million in 2023 to approximately RMB171.3 million in 2024[151]. Employee and Asset Management - As of December 31, 2024, the Group employed 12,013 employees, a decrease from 12,713 employees as of December 31, 2023[195]. - The Group recorded goodwill of approximately RMB136.5 million as of December 31, 2024, down from approximately RMB160.8 million as of December 31, 2023 due to an impairment loss[168]. - Accounts receivable increased to approximately RMB455.6 million as of December 31, 2024 from approximately RMB393.6 million as of December 31, 2023, primarily due to slower collection rates amid the economic recovery[172]. Revenue Breakdown - Revenue from residential communities amounted to RMB 784,727,000, accounting for 56.5% of total revenue, while non-residential properties generated RMB 604,648,000, making up 43.5%[103]. - The total property management services revenue for 2024 was RMB 1,389,375,000, compared to RMB 1,338,099,000 in 2023, indicating a year-over-year increase of 3.8%[103]. - Revenue from value-added services to property owners decreased by approximately 7.9% from approximately RMB176.1 million in 2023 to approximately RMB162.1 million in 2024[131]. - Revenue from value-added services to non-property owners decreased by approximately 34.3% from approximately RMB280.1 million in 2023 to approximately RMB183.9 million in 2024[132].

佳兆业美好(02168)发布2024年度业绩，股东应占溢 利1457.6万元 智通财经APP讯，佳兆业美好(02168)发布截至2024年12月31日止年度业绩，收益17.35亿元(人民币，下 同)，同比下降3.3%;公司拥有人应占溢利1457.6万元，上年同期亏损4.5亿元;每股基本盈利0.09元。 物业管理服务收益，主要包括为住宅小区、商业物业及公共设施提供的秩序维护、清洁及园艺以及物业 维修及维护服务的物业管理费，有关收益由2023年约人民币13.38亿元增加至2024年约人民币13.894亿 元，增幅约3.8%。该增加主要由于通过内在增长及开发独立第叁方市场扩展业务导致总在管建筑面积 增加所致。 业主增值服务收益，主要包括线下及在线渠道提供停车场、空间租赁、零售、房屋租赁及销售、房屋装 修和翻新及其他增值服务产生的收入，有关收益由2023年约人民币1.76亿元减少至2024年约人民币1.62 亿元，减幅约7.9%。该减少主要由于居民消费低迷、行业竞争加剧的市场环境。 非业主增值服务收益，主要包括建筑工地管理、示范单位及物业销售场所管理及顾问服务以及安装及维 护服务的费用，有关收益由2023年约人民币2 ...

Financial Performance - Total revenue for the year ended December 31, 2024, decreased by approximately 3.3% to approximately RMB 1,735.4 million from RMB 1,794.3 million for the year ended December 31, 2023[3] - Gross profit for the year ended December 31, 2024, decreased by approximately 7.7% to approximately RMB 444.5 million from RMB 481.3 million for the year ended December 31, 2023[3] - The company reported a profit of approximately RMB 25.6 million for the year ended December 31, 2024, compared to a loss of approximately RMB 437.6 million for the year ended December 31, 2023[3] - The company’s basic and diluted earnings per share for the year ended December 31, 2024, were RMB 0.09, compared to a loss per share of RMB 2.92 for the year ended December 31, 2023[5] - The group reported a total of 11% of its revenue derived from Kaisa Group Holdings and its affiliates for the fiscal year ending December 31, 2024, down from 15% in 2023[22] - The company did not declare or recommend any dividends for the years ended December 31, 2024, and 2023[40] - The annual profit for the group was approximately RMB 25.6 million for the year ended December 31, 2024, a recovery from a loss of approximately RMB 437.6 million in 2023[110] Assets and Liabilities - The company’s net assets increased to RMB 127.0 million as of December 31, 2024, compared to RMB 35.3 million as of December 31, 2023[7] - The company’s cash and cash equivalents decreased to RMB 243.3 million as of December 31, 2024, from RMB 286.8 million as of December 31, 2023[7] - The company’s total liabilities decreased slightly to RMB 862.3 million as of December 31, 2024, from RMB 866.4 million as of December 31, 2023[7] - Non-current liabilities decreased from RMB 22,793,000 to RMB 14,533,000, a reduction of approximately 36%[8] - The total liabilities include deferred tax liabilities of RMB 9,020,000, down from RMB 10,492,000, a decrease of about 14%[8] - The company’s total equity attributable to non-controlling interests increased from RMB 70,611,000 to RMB 81,095,000, a rise of approximately 15%[8] Revenue Breakdown - Revenue from property management services amounted to RMB 1,389,375,000 in 2024, up 3.8% from RMB 1,338,099,000 in 2023[26] - The group’s revenue from non-owner value-added services decreased significantly to RMB 183,913,000 in 2024 from RMB 280,103,000 in 2023, representing a decline of 34.3%[26] - Property management service revenue was RMB 1,389.4 million, while value-added services for owners generated RMB 162.1 million, and non-owner value-added services brought in RMB 183.9 million[63] - The owner value-added services revenue for 2024 was approximately RMB 162.1 million, reflecting a year-on-year decrease of about 7.9% due to sluggish consumer spending and increased industry competition[90] Operational Metrics - The total contracted construction area and total area under management as of December 31, 2024, were approximately 129.1 million square meters and 102.7 million square meters, respectively, representing a decrease of approximately 2.3% and an increase of approximately 0.4% compared to December 31, 2023[3] - As of December 31, 2024, the group managed approximately 102.7 million square meters across 728 projects, entering 20 provinces and 77 cities, including its first entry into Jiangxi Province[63] - The total managed building area in the Guangdong-Hong Kong-Macao Greater Bay Area reached 22.8 million square meters, with 138 projects under management[79] Cost Management - The company’s administrative expenses decreased to RMB 171.3 million for the year ended December 31, 2024, from RMB 189.9 million for the year ended December 31, 2023[5] - Employee costs decreased to RMB 791,162 thousand in 2024 from RMB 805,972 thousand in 2023, reflecting a reduction of approximately 1.5%[1] - Direct operating expenses slightly decreased to RMB 1,290,941 thousand in 2024 from RMB 1,312,920 thousand in 2023, indicating a reduction of about 1.7%[1] - Selling and marketing expenses decreased from approximately RMB 12.6 million in 2023 to approximately RMB 10.9 million in 2024, a decline of about 13.5%[104] Impairment and Taxation - The company’s financial asset impairment losses decreased significantly to RMB 116.6 million for the year ended December 31, 2024, from RMB 698.6 million for the year ended December 31, 2023[5] - The income tax expense for 2024 was RMB 15,192 thousand, compared to a tax benefit of RMB 144,312 thousand in 2023, indicating a turnaround in tax position[31] - The group recorded income tax expenses of approximately RMB 15.2 million in 2024, a significant increase from an income tax credit of approximately RMB 144.3 million in 2023 due to an increase in pre-tax profit[109] Market and Industry Trends - The GDP for 2024 is projected to be RMB 13,490.84 billion, with a year-on-year growth of 5.0%[56] - The real estate sector is expected to undergo significant changes due to favorable policies, with a focus on stabilizing the market and reducing inventory[57] - The property management industry is facing challenges as real estate development investment continues to decline, impacting growth potential[58] - New policies encourage collaboration between property service companies and sectors like elderly care and catering, aiming to create new growth points in service consumption[59] Corporate Governance - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange listing rules, ensuring high standards of corporate governance to protect shareholder rights and enhance corporate value[128] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial reporting process and internal controls for the fiscal year ending December 31, 2024[129]

Financial Performance - Revenue increased by RMB18.0 million to RMB898.0 million, a 2.0% growth compared to the same period in 2023[16] - Gross profit rose by 4.1% to RMB255.4 million from RMB245.3 million in the first half of 2023[16] - Profit and total comprehensive income reached RMB50.7 million, compared to a loss of RMB96.9 million in the same period of 2023[16] - Revenue from property management services amounted to RMB707.3 million, value-added services to property owners RMB84.8 million, and non-property owners RMB105.9 million[16] - Revenue increased by 2.0% from RMB880.0 million in H1 2023 to RMB898.0 million in H1 2024[63] - Property management services revenue grew by 9.0% from RMB648.9 million in H1 2023 to RMB707.3 million in H1 2024, driven by increased GFA under management[64][66] - Value-added services to property owners revenue decreased by 8.7% from RMB93.0 million in H1 2023 to RMB84.8 million in H1 2024 due to weak resident consumption and intensified competition[65][66] - Value-added services to non-property owners revenue declined by 23.3% from RMB138.1 million in H1 2023 to RMB105.9 million in H1 2024, impacted by national macro policies and real estate market conditions[66][67] - Direct operating expenses rose by 1.2% from RMB634.7 million in H1 2023 to RMB642.6 million in H1 2024, primarily due to increased GFA under management[68][69] - Gross profit increased by 4.1% from RMB245.3 million in H1 2023 to RMB255.4 million in H1 2024, with gross profit margin improving by 0.5 percentage points to 28.4%[70] - Property management services gross profit margin improved by 0.3 percentage points to 24.2% in H1 2024, driven by cost-saving initiatives[71] - Value-added services to property owners gross profit margin surged by 11.9 percentage points to 64.7% in H1 2024, due to higher-margin services contributing more revenue[72] - Value-added services to non-property owners gross profit margin decreased by 2.0 percentage points to 27.9% in H1 2024, as higher-margin projects contributed less revenue[72] - Selling and marketing expenses decreased by 13.5% from RMB5.2 million to RMB4.5 million for the six months ended 30 June 2024[73] - Administrative expenses decreased by 10.0% from RMB99.2 million to RMB89.3 million for the six months ended 30 June 2024[74] - The Group recorded an income tax expense of RMB14.7 million for the six months ended 30 June 2024, compared to an income tax credit of RMB33.0 million for the same period in 2023[75] - Gross profit margin for property management services increased by 0.3 percentage points to 24.2% for the six months ended 30 June 2024[76] - Gross profit margin for value-added services for property owners increased by 11.9 percentage points to 64.7% for the six months ended 30 June 2024[77] - Gross profit margin for value-added services for non-property owners decreased by 2.0 percentage points to 27.9% for the six months ended 30 June 2024[78] - The Group's profit and total comprehensive income for the six months ended 30 June 2024 amounted to RMB50.7 million, compared to a loss of RMB96.9 million for the same period in 2023[82] - Revenue for the six months ended 30 June 2024 increased to RMB 897,997 thousand, up from RMB 880,008 thousand in the same period last year[151] - Gross profit rose to RMB 255,427 thousand in H1 2024, compared to RMB 245,319 thousand in H1 2023[151] - Operating profit improved significantly to RMB 104,487 thousand in H1 2024, reversing a loss of RMB 118,256 thousand in H1 2023[151] - Net profit attributable to owners of the company reached RMB 44,346 thousand in H1 2024, compared to a loss of RMB 101,410 thousand in H1 2023[151] - Basic earnings per share improved to RMB 0.29 in H1 2024, compared to a loss per share of RMB 0.66 in H1 2023[151] - Total assets increased to RMB 1,848,677 thousand as of 30 June 2024, up from RMB 1,828,756 thousand as of 31 December 2023[152][153] - Net current assets grew to RMB 109,419 thousand as of 30 June 2024, up from RMB 35,280 thousand as of 31 December 2023[152] - Total equity increased to RMB 988,366 thousand as of 30 June 2024, compared to RMB 939,533 thousand as of 31 December 2023[153] - Cash and cash equivalents decreased to RMB 238,660 thousand as of 30 June 2024, down from RMB 286,774 thousand as of 31 December 2023[152] - Trade receivables increased to RMB 469,000 thousand as of 30 June 2024, up from RMB 393,552 thousand as of 31 December 2023[152] - Total equity attributable to owners of the company decreased from RMB 1,334,151 thousand as of 1 January 2023 to RMB 907,700 thousand as of 30 June 2024, reflecting a significant decline in retained earnings[156] - The company reported a net loss of RMB 101,410 thousand for the six months ended 30 June 2023, contributing to the reduction in total equity[156] - Cash and cash equivalents decreased by RMB 48,114 thousand during the six months ended 30 June 2024, primarily due to net cash used in operating activities of RMB 34,978 thousand[157] - The company paid RMB 41,903 thousand in income tax during the six months ended 30 June 2024, compared to RMB 38,764 thousand in the same period of 2023[157] - Net cash used in investing activities amounted to RMB 8,514 thousand for the six months ended 30 June 2024, mainly due to payments for property, plant, and equipment[157] - Capital injection by non-controlling interests was RMB 1,328 thousand during the six months ended 30 June 2024, while capital deduction by non-controlling interests was RMB 1,040 thousand[157] - The company's cash and cash equivalents at the end of the period stood at RMB 238,660 thousand, down from RMB 286,774 thousand at the beginning of the period[157] - Retained earnings as of 30 June 2024 were RMB 41,448 thousand, a significant drop from RMB 465,014 thousand as of 1 January 2023[156] - The company recognized equity-settled share-based payment transactions amounting to RMB 1,090 thousand during the six months ended 30 June 2023[156] - Dividend paid to non-controlling interests of subsidiaries was RMB 2,159 thousand during the six months ended 30 June 2024[156] - Revenue from property management services increased to RMB 707,257 thousand in 2024, up from RMB 648,910 thousand in 2023[177] - Value-added services to property owners generated RMB 84,843 thousand in 2024, compared to RMB 92,952 thousand in 2023[177] - Value-added services to non-property owners contributed RMB 105,897 thousand in 2024, down from RMB 138,146 thousand in 2023[177] - Total revenue for the six months ended 30 June 2024 was RMB 897,997 thousand, slightly up from RMB 880,008 thousand in 2023[177] - Revenue from Kaisa Group and its subsidiaries accounted for 12.2% of total revenue in 2024, down from 14.0% in 2023[179] - Unconditional government subsidy income was RMB 1,315 thousand in 2024, compared to RMB 2,791 thousand in 2023[185] - Net gains on disposal of property, plant, and equipment were RMB 37 thousand in 2024, compared to a net loss of RMB 670 thousand in 2023[185] - Profit before income tax for the six months ended 30 June 2024 was RMB 44,346 thousand, compared to a loss of RMB 101,410 thousand in the same period in 2023[194] - Total staff costs increased to RMB 403,092 thousand in 2024 from RMB 388,336 thousand in 2023, driven by higher wages, salaries, and retirement benefit contributions[188] - Provision for loss allowance on trade receivables decreased significantly to RMB 45,167 thousand in 2024 from RMB 243,546 thousand in 2023[188] - PRC Corporate Income Tax expense increased to RMB 40,605 thousand in 2024 from RMB 37,346 thousand in 2023[189] - Basic earnings per share improved to RMB 0.29 in 2024 from a loss of RMB 0.66 per share in 2023[194] - Basic earnings per share for the six months ended 30 June 2024 were calculated based on the profit attributable to owners of the Company divided by the weighted average number of ordinary shares in issue, which was 154,110,000 shares[195][196] - Diluted earnings per share for the six months ended 30 June 2024 was RMB 0.29, compared to a diluted loss per share of RMB (0.66) for the same period in 2023[198] - The weighted average number of ordinary shares for calculating diluted earnings per share remained unchanged at 154,110,000 shares for both 2024 and 2023[198] - The computation of diluted earnings per share for the six months ended 30 June 2024 did not assume the conversion of outstanding share options granted on 19 July 2019 due to the average market price being lower than the adjusted exercise price[199][200] - The computation of diluted loss per share for the six months ended 30 June 2023 did not assume the exercise of outstanding share options as it would have resulted in a decrease in loss per share[199][200] Business Expansion and Management Scale - GFA under management increased to approximately 104.5 million square meters, with 732 projects across 77 cities in 21 provinces[13] - The company expanded into Jiangxi Province, entering the markets of Ji'an and Ganzhou[13] - The company's service portfolios now cover 9 property types, including residential, commercial, and urban public buildings[17] - Kaisa Prosperity's property management services covered 77 cities across 21 provinces, with a total GFA under management reaching 104.5 million sq.m. and 732 managed properties, including 336 residential communities and 396 non-residential properties[40] - The Group's contracted GFA increased to 132,320,000 sq.m. as of 30 June 2024, up from 132,103,000 sq.m. at the end of 2023[41] - GFA under management grew to 104,533,000 sq.m. as of 30 June 2024, compared to 102,294,000 sq.m. at the end of 2023[41] - The number of managed properties increased to 732 as of 30 June 2024, up from 720 at the end of 2023[41] - Kaisa Prosperity has established a strong presence in key economic regions, including the Guangdong-Hong Kong-Macau Bay Area, Yangtze River Delta, Bohai Economic Rim, and Western and Central China[37] - The Group's three main business lines include property management services, value-added services to property owners, and value-added services to non-property owners, covering the entire property management value chain[38] - Kaisa Prosperity is focusing on developing public urban services and transforming into a holistic management services provider[40] - The company is exploring opportunities for business transformation and upgrading, aiming for high-quality and steady expansion of its management scale[35] - Kaisa Prosperity is extending and broadening its value-added service chain to create a second growth curve and optimize brand influence[35] - Total GFA under management increased to 104,533 thousand sq.m. as of 30 June 2024, up from 102,294 thousand sq.m. as of 31 December 2023[44][45] - Number of managed properties increased to 732 as of 30 June 2024, up from 720 as of 31 December 2023[44][45] - Residential communities accounted for 58.1% of total GFA under management (60,717 thousand sq.m.) as of 30 June 2024, while non-residential properties accounted for 41.9% (43,816 thousand sq.m.)[47] - GFA under management for properties developed by independent third-party developers increased to 61.6 million sq.m. as of 30 June 2024, up 2.0% from 60.4 million sq.m. as of 31 December 2023[49][50] - Lump-sum basis property management services accounted for 77.3% of total GFA under management (80,807 thousand sq.m.) as of 30 June 2024, while commission basis accounted for 22.7% (23,726 thousand sq.m.)[48] - Total GFA under management increased from 102,294,000 sq.m. as of 31 December 2023 to 104,533,000 sq.m. as of 30 June 2024, representing a growth of 2.2%[51] - The number of managed properties increased from 720 as of 31 December 2023 to 732 as of 30 June 2024, reflecting a 1.7% growth[51] Service Quality and Community Engagement - The company launched the "Kaisa Prosperity Service Five-star '1+3+5', Ten Scenarios, Three Windows Standardization Manual" to enhance service quality[17] - Community cultural activities were organized under the slogan "Enjoy a Prosperity FUN Life," focusing on FUN Life, FUN Neighborhood, FUN Charity, and FUN Sharing[18] - Kaisa Prosperity launched special campaigns such as "Jiarun Campaign" and "Jiafen Campaign" to improve customer services, and conducted quality-enhancing campaigns like "Spring Breeze in Kaisa 2.0" and "Construction with Sincerity 2.0" to enhance service experience[22] - The company implemented a "3+2+1" patrol mode, utilizing intelligent patrol methods and an "eagle eye system" to ensure community safety, and established a city patrol team for night-time security[23] - Kaisa Prosperity equipped projects in Shenzhen, Guangzhou, Huizhou, Jiangyin, and Huludao with AED first-aid equipment, reducing unnatural deaths in service spaces through operational training and emergency drills[25] - The company continued to optimize the "K Service Technological Product Operation and Control" platform, enhancing elevator safety standards and improving daily quality inspection efficiency[25] - In 2024, Kaisa Prosperity implemented energy-saving renovation technologies for lighting, water pumps, air conditioners, and greening irrigation, adhering to energy conservation and emission reduction standards[26] - As of 30 June 2024, Kaisa Prosperity opened six "K Series Living Exhibition Hall" stores across nine cities, focusing on user experience and creating accurate professional value-added services[29] - The company developed a 1+N service system through a "One Strategy for One City" approach, focusing on local living needs such as community group buying, delivery service, and house renovation[30] - Kaisa Prosperity piloted the "Property service + Elderly care" model, leveraging community space and user advantages to build a "friendly Kaisa community for all ages"[31] - The company actively explored its "Last mile" advantage, enriching product categories and integrating resources to create a neighborhood living service circle[32] - The Group's value-added services to property owners aim to address lifestyle and daily needs, providing various products and services to improve customer satisfaction[52] - K Series Living, a value-added service brand, is divided into four major segments: K-Space, K-Retail, K-Lease & Sale, and K-Decoration, with K-Retail further refined into six sub-unit product series[54] - The Group's value-added services to non-property owners include construction sites management, display units and property sales venues management, property management consulting, and smart solution services[59] - The Group's neighborhood service ecology, with K Series Living Exhibition Hall and K Series Living platform as the carrier, focuses on local living needs such as community group buying, delivery service, and house renovation[56] Corporate Governance and Leadership Changes - Mr. Kwok Ying Shing was appointed as an executive director and chairman effective from 16 April 2024 and 20 May 2024 respectively[113] - Mr. Xie Binhong resigned as an executive director effective from 16 April 2024[113] - Mr. Liao Chuanqiang resigned as chairman and was appointed as CEO effective from 20 May 2024[113] - Ms. Mou Zhaohui resigned as CEO effective from 20 May 2024[113] - The company's Audit Committee reviewed the unaudited condensed consolidated interim financial statements for the six months ended June 30, 2024, and discussed auditing, risk management, and internal control matters with the management team[104] - The Board resolved not to recommend the payment of any interim dividend for the six months ended 30 June 2024[112] - The company did not purchase, sell, or redeem any of its listed securities during the six months ended 30 June 2024, and had no treasury shares as of that date[110][111] - The company had no material capital commitments, pledged assets, or contingent liabilities as of June 30, 2024[94] - The company did not make any significant investments, acquisitions, or asset disposals during the six months ended June 30, 2024, and has no special plans for such activities in the near future[94] - The company's gearing ratio remained at zero as of June 30, 2024, with no interest-bearing borrowings[94] - The company had RMB 0

Financial Performance - Total revenue for the six months ended June 30, 2024, increased by approximately 2.0% to approximately RMB 898.0 million from RMB 880.0 million for the same period in 2023[1]. - Gross profit for the six months ended June 30, 2024, rose by approximately 4.1% to approximately RMB 255.4 million from RMB 245.3 million for the same period in 2023[1]. - The total profit and comprehensive income for the six months ended June 30, 2024, was approximately RMB 50.7 million, compared to a loss of approximately RMB 96.9 million for the same period in 2023[2]. - Operating profit for the six months ended June 30, 2024, was RMB 104.5 million, compared to a loss of RMB 15.1 million for the same period in 2023[2]. - Basic earnings per share for the six months ended June 30, 2024, was RMB 0.29, compared to a loss per share of RMB 0.66 for the same period in 2023[2]. - For the six months ended June 30, 2024, the company reported a profit attributable to owners of RMB 44,346,000, compared to a loss of RMB 101,410,000 for the same period in 2023[20]. - The company recognized unconditional government subsidies amounting to RMB 1,315,000 for the six months ended June 30, 2024, compared to a loss of RMB 670,000 in the same period of 2023[16]. Revenue Breakdown - Property management services generated revenue of RMB 707,257,000, with direct operating expenses of RMB 536,245,000, compared to RMB 648,910,000 and RMB 493,891,000 respectively in 2023[11]. - The company reported that revenue from value-added services for owners was RMB 84,843,000, with direct operating expenses of RMB 29,973,000, down from RMB 92,952,000 and RMB 43,897,000 in 2023[11]. - Non-owner value-added services generated revenue of RMB 105,897,000, with direct operating expenses of RMB 76,352,000, compared to RMB 138,146,000 and RMB 96,901,000 in 2023[11]. - Revenue from Kaisa Group and its subsidiaries accounted for approximately 12.2% of the total revenue, down from 14.0% in the previous year[12]. - The total revenue from value-added services for homeowners was approximately RMB 84.8 million for the six months ended June 30, 2024, a decrease of about 8.7% year-on-year due to sluggish consumer spending and intensified market competition[54]. - Owner value-added services revenue decreased by approximately 8.7% to RMB 84.8 million for the six months ended June 30, 2024, due to sluggish consumer spending and intensified market competition[58]. - Non-owner value-added services revenue decreased by approximately 23.3% to RMB 105.9 million for the six months ended June 30, 2024, primarily due to reduced demand from property developers influenced by macroeconomic policies and the real estate market situation[55][58]. Asset and Liability Overview - Trade receivables as of June 30, 2024, amounted to RMB 469.0 million, an increase from RMB 393.6 million as of December 31, 2023[3]. - Total assets as of June 30, 2024, were RMB 952.98 million, compared to RMB 901.71 million as of December 31, 2023[3]. - Net current assets as of June 30, 2024, were RMB 109.42 million, compared to RMB 35.28 million as of December 31, 2023[3]. - Total equity as of June 30, 2024, was RMB 988.37 million, an increase from RMB 939.53 million as of December 31, 2023[5]. - The total accounts payable as of June 30, 2024, was RMB 201,857,000, up from RMB 194,032,000 as of December 31, 2023, marking an increase of about 4.7%[30]. - The company's debt-to-equity ratio was zero as of June 30, 2024, and December 31, 2023, indicating no interest-bearing debt[76]. - As of June 30, 2024, the company had no contingent liabilities, consistent with the previous period[77]. Operational Highlights - The total contracted gross floor area and total area under management as of June 30, 2024, were approximately 132.3 million square meters and 104.5 million square meters, representing increases of approximately 0.2% and 2.2% respectively compared to December 31, 2023[1]. - The company’s total non-current assets as of June 30, 2024, were all located in China, reflecting its operational focus in the region[14]. - The company’s total revenue for the six months ended June 30, 2024, was entirely derived from operations in China[14]. - The company reported a current income tax expense of RMB 40,605,000 for the six months ended June 30, 2024, compared to RMB 37,346,000 for the same period in 2023[18]. - The company employed 12,440 employees as of June 30, 2024, a decrease from 12,713 employees as of December 31, 2023[79]. Strategic Initiatives - The company is expanding its service offerings into areas such as elderly care, childcare, and community assistance, leveraging technology to enhance service efficiency[34]. - The company has implemented a dual-driven strategy of "internal growth + independent expansion" to enhance management scale and service quality[35]. - The company is committed to transforming into a comprehensive management service provider, accelerating the development of public urban services[46]. - The company aims to enhance its service quality and expand its management scale steadily, focusing on high-quality service and value-added service chains[44]. - The company is committed to upgrading its service capabilities through the development of community-oriented service platforms and information tools[54]. Community Engagement and Safety - The company has implemented a series of safety initiatives, including "Spring Training" and "100-Day Safety" programs, to enhance employee skills in fire safety and emergency response[40]. - The company emphasizes community cultural activities through initiatives like the "Firefly Public Welfare Program" and "Good Neighbors, Good Families" to enhance community engagement[39]. - The company aims to create a unique community cultural brand through initiatives that promote happiness and well-being among residents[39]. - The company has introduced the "K Service Technology Operation Control" platform, improving elevator management and maintenance efficiency, thereby enhancing operational safety[41]. - The company has adopted a "3+2+1" patrol model utilizing smart patrol methods to ensure community safety and enhance resident security awareness[40].