Company Performance - For the year ended December 31, 2022, the Group's revenue decreased by approximately RMB882.6 million to RMB1,783.9 million, representing a decrease of approximately 33.1% compared to 2021[50]. - The net profit for the year increased by approximately RMB38.5 million to RMB106.6 million, representing an increase of approximately 56.5% compared to the previous year[51]. - Profit attributable to owners of the Company increased by approximately RMB36.6 million to RMB93.4 million, reflecting an increase of approximately 64.4% compared to 2021[51]. - Total revenue for the year ended December 31, 2022, decreased by approximately 33.1% to approximately RMB1,783.9 million from approximately RMB2,666.4 million for the year ended December 31, 2021[82]. - Profit for the year ended December 31, 2022, increased by approximately 56.5% to approximately RMB106.6 million from approximately RMB68.1 million for the year ended December 31, 2021[82]. - Profit attributable to owners of the Company for the year ended December 31, 2022, increased by approximately 64.4% to approximately RMB93.4 million from approximately RMB56.8 million for the year ended December 31, 2021[83]. Revenue Breakdown - Revenue from property management services amounted to RMB1,248.2 million, while revenue from pre-delivery and consulting services was RMB239.9 million, community value-added services was RMB155.5 million, and smart solution services was RMB140.3 million[50]. - Revenue from property management services for the year ended December 31, 2022, was RMB 1,248.19 million, an increase from RMB 1,196.47 million in 2021, reflecting a growth of approximately 4.3%[104]. - Revenue from properties developed by independent third-party developers increased from approximately RMB 666.9 million in 2021 to approximately RMB 698.4 million in 2022, marking an increase of about 4.7%[110]. - Revenue from pre-delivery and consulting services decreased by approximately 77.6% to RMB239.9 million, accounting for 13.4% of total revenue, down from RMB1,072.1 million in 2021[115]. - Revenue from community value-added services amounted to approximately RMB155.5 million, representing a decrease of 14.6% due to the impact of the COVID-19 pandemic[132]. - Revenue from smart solution services decreased by approximately 35.0% from approximately RMB215.7 million in 2021 to approximately RMB140.3 million in 2022[148]. Market Position and Recognition - Kaisa Prosperity ranked 12th in the national comprehensive strength among property service companies[3]. - In 2022, Kaisa Prosperity was recognized as the 9th in community value-added service capabilities among listed property management companies in China[19]. - The company was awarded as the leading company in property service satisfaction in 2022 by CRIC Property Management[20]. - The company received multiple awards in 2022, including recognition as one of the top 100 property management companies in China and for its excellence in ESG development[31][30]. Strategic Initiatives - The company aims to transition from a "spatial resource provider" to a "space operation service provider," reflecting a strategic shift in its business model[24][25]. - The Group's operational principle for 2022 was "Strengthening Foundation, Reducing Cost and Increasing Revenue," while maintaining service quality and controlling risks[52]. - The Group aims to enhance its core competitiveness and become a comprehensive community operation service provider with first-class standards[76]. - The Group's strategic focus includes expanding cooperation with government platforms and urban services business, particularly in regions like Guangxi and Handan[102]. Community Engagement and Social Responsibility - The company organized 62 charity activities under the "Firefly Plan," engaging 17,000 participants and supporting large-scale epidemic prevention and disaster relief five times throughout the year[28][29]. - Kaisa Prosperity's commitment to social responsibility is demonstrated through its extensive public welfare activities, encouraging employee participation and community engagement[28][29]. Operational Metrics - The company operates 673 projects with a total management area of 94.5 million square meters[6]. - Kaisa Prosperity serves nearly 400,000 property units across 65 cities in China[7]. - As of December 31, 2022, the total contracted GFA and the total GFA under management amounted to approximately 132.7 million sq.m. and 94.5 million sq.m., representing increases of approximately 4.6% and 4.7%, respectively, compared to the previous year[84]. - The Group's property management services covered 65 cities across 17 provinces, with a total GFA under management reaching 94.5 million sq.m. and a total of 673 managed property projects[89]. Financial Health - As of December 31, 2022, the Group's cash and bank balances were approximately RMB247.3 million, a decrease of approximately RMB110.7 million from RMB358.0 million as of December 31, 2021[169][173]. - The Group's net current assets increased by approximately RMB79.2 million from RMB449.6 million as of December 31, 2021, to approximately RMB528.8 million as of December 31, 2022, with a current ratio of approximately 1.65[169][174]. - Trade receivables increased by approximately RMB90.3 million from RMB738.5 million as of December 31, 2021, to approximately RMB828.8 million as of December 31, 2022, primarily due to an increase in property management services and related party receivables[179][182]. - The Group recorded goodwill of approximately RMB160.8 million as of December 31, 2022, unchanged from the previous year, with no indication of impairment[171][177]. Challenges and Market Outlook - The property management industry in China faced significant challenges in 2022, with many companies experiencing liquidity risks and a need to adjust their development paths towards quality services and long-term strategies[36][37]. - The overall economic and market conditions are expected to improve, with the property management industry continuing its rapid growth trend[73]. - The overall economic and market situation is expected to gradually improve with the relaxation of COVID-19 pandemic control measures and the release of favorable policies[75].

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） 截 至2022年12月31日 止 年 度 的 經 審 核 年 度 業 績 年度業績摘要 • 截至2022年12月31日止年度的總收益較截至2021年12月31日止年度約人 民幣2,666.4百萬元減少約33.1%至約人民幣1,783.9百萬元。 • 截至2022年12月31日止年度的年度溢利較截至2021年12月31日止年度約 人民幣68.1百萬元增加約56.5%至約人民幣106.6百萬元。 • 截至2022年12月31日止年度的本公司擁有人應佔溢利由截至2021年12月 31日止年度約人民幣56.8百萬元增加約64.4%至約人民幣93.4百萬元。 • 於2022年12月31日，總合同建築面積及總在管建築面積分別為約132.7百 萬平方米 ...

Financial Performance - Kaisa Prosperity Holdings reported unaudited consolidated results for the six months ended June 30, 2022, amidst unprecedented challenges in the property management industry in China [10]. - The Group's total revenue for the six months ended June 30, 2022, decreased by approximately 32.3% to approximately RMB 897.1 million from approximately RMB 1,325.0 million for the same period in 2021 [20]. - Net profit for the six months ended June 30, 2022, decreased by approximately 74.0% to approximately RMB 56.2 million from approximately RMB 216.5 million for the same period in 2021 [21]. - Revenue from property management services amounted to approximately RMB 618.7 million, while revenue from pre-delivery and consulting services was approximately RMB 140.8 million [20]. - Revenue from pre-delivery and consulting services for the six months ended June 30, 2022, was approximately RMB 140.8 million, accounting for 15.6% of total revenue, a significant decrease of 74.5% compared to RMB 552.5 million for the same period in 2021 [79][80]. - Total revenue from community value-added services was approximately RMB 73.4 million, representing a decrease of 24.8% year-over-year, primarily due to the impact of the COVID-19 pandemic [90][92]. - The overall gross profit decreased by approximately 48.2% from approximately RMB 432.3 million for the six months ended June 30, 2021, to approximately RMB 224.1 million for the six months ended June 30, 2022 [117]. - The overall gross profit margin decreased by approximately 7.6 percentage points from approximately 32.6% for the six months ended June 30, 2021, to approximately 25.0% for the six months ended June 30, 2022 [117]. - Profit and total comprehensive income decreased by approximately 74.0% from approximately RMB 216.5 million to approximately RMB 56.2 million [130]. Strategic Initiatives - The company launched a "Quality Rejuvenation" campaign to enhance community living experiences and property service quality through the "Satisfaction + Surprise" service strategies [16]. - Kaisa Prosperity aims to expand its presence in key regions such as the Guangdong-Hong Kong-Macau Bay Area and Yangtze River Delta, while also targeting breakthroughs in the Beijing-Tianjin-Hebei region and Central China [17]. - The company emphasizes the importance of maintaining service quality and operational capabilities, aligning with the vision of "Serving Beautiful China" and integrating into primary-level social governance [16]. - Kaisa Prosperity is actively seeking equity partners to innovate cooperation plans and explore both capital and non-capital investment opportunities [17]. - The Group aims to enhance urban governance and service quality in line with the "14th Five-Year Plan" by seeking strategic cooperation with private enterprises and government platforms [30]. - The Group's strategic focus includes deepening regional expansion and enhancing communication and cooperation across different regions [18]. - The Group's four main business lines include property management services, pre-delivery and consulting services, community value-added services, and smart solution services, covering the entire value chain of property management [50]. Operational Challenges - The ongoing COVID-19 pandemic has increased costs and difficulties in on-site services and marketing activities, impacting business execution [12]. - The management team has proactively adjusted strategies to maintain resilience in the value-added business segment despite challenges from the COVID-19 pandemic and changes in the real estate industry [38]. - The Group's diversified portfolio includes mid-to-high-end residential communities and non-residential properties, such as commercial properties and industrial parks [62]. Market Presence and Expansion - As of June 30, 2022, the Group's property management services covered 58 cities across 17 provinces, with a total GFA under management reaching 93.0 million sq.m. and a total of 657 managed properties [52]. - The contracted GFA as of June 30, 2022, was 121,177,000 sq.m., a decrease from 126,894,000 sq.m. as of December 31, 2021 [55]. - The GFA under management increased from 90,267,000 sq.m. as of December 31, 2021, to 93,034,000 sq.m. as of June 30, 2022 [55]. - The number of managed properties decreased from 672 as of December 31, 2021, to 657 as of June 30, 2022 [55]. - The Group successfully won all public tenders for properties developed by Kaisa Group during the six months ended June 30, 2022, enhancing cooperation with independent third-party property developers [73]. Employee and Governance - As of June 30, 2022, the Group had 12,630 employees, with total staff costs approximately RMB 432.2 million for the six months ended June 30, 2022 [154]. - The Audit Committee reviewed the Group's accounting policies and the Interim Report 2022, with the independent auditor not auditing but reviewing the unaudited interim results [166]. - The Company has adopted the Model Code for Securities Transactions by Directors and confirmed compliance by all Directors during the review period [167]. - The Board has resolved not to recommend the payment of any interim dividend for the six months ended 30 June 2022, consistent with the previous year [175]. Share Option Scheme - The total number of Shares available for issue under the Share Option Scheme is 14,000,000 Shares, representing approximately 9.1% of the total number of 154,110,000 Shares in issue as at the date of this report [183]. - No options were granted under the Share Option Scheme during the six months ended 30 June 2022 [183]. - The Share Option Scheme will remain valid until June 18, 2029, after which no further options shall be offered [197]. - The Share Option Scheme is designed to incentivize key personnel and align their interests with those of the shareholders [197].

Company Overview - Kaisa Prosperity Holdings ranked 12th in the national comprehensive strength among property service companies[2]. - The company manages 672 projects with a total gross floor area of 90.3 million square meters, serving approximately 400,000 property units nationwide[2]. - Kaisa's brand valuation is estimated at RMB 6.4 billion[2]. - The company operates over 40 branch companies across 58 cities[2]. - The company managed 672 projects across 58 cities, serving approximately 352,000 households[23]. - As of December 31, 2021, Kaisa Group operates in 58 cities with a total of 672 managed projects covering an area of 90.27 million square meters[146]. - The company employs over 10,000 staff and provides services to more than 400,000 property units across various sectors including high-end communities and commercial complexes[146]. Financial Performance - The company reported a revenue increase of approximately RMB 936.3 million to RMB 2,666.4 million in 2021, representing a growth of about 54.1% compared to 2020[30]. - Total revenue for the year ended December 31, 2021, increased by approximately 54.1% to about RMB 2,666.4 million from RMB 1,730.1 million for the year ended December 31, 2020[42]. - Adjusted profit attributable to the owners of the company was approximately RMB 288.8 million, an increase of 13.9% compared to RMB 253.5 million in 2020[30]. - Gross profit for the year ended December 31, 2021, rose by approximately 49.5% to about RMB 788.9 million, with a gross margin of approximately 29.6%, compared to 30.5% for the previous year[42]. - Revenue from property management services reached RMB 1,196,469 thousand in 2021, compared to RMB 793,776 thousand in 2020, marking a growth of approximately 50.8%[55]. - Revenue from pre-delivery and consultancy services was approximately RMB 1,072.1 million in 2021, accounting for about 40.2% of total revenue, up 72.0% from RMB 623.3 million in 2020[61]. - Community value-added services generated revenue of RMB 182.2 million in 2021, a year-on-year increase of about 34.6%, with parking lot revenue at RMB 61.8 million, up approximately 16.7%[65]. - Smart solution services revenue reached approximately RMB 215.7 million in 2021, a year-on-year growth of 21.3%, with a gross profit of about RMB 74.0 million, up 35.9%[68]. Business Expansion and Services - Kaisa's new product "Xiao K Life" was launched in June 2021, upgrading its product system across multiple sectors[18]. - The company expanded its smart services into 13 new cities, including its first entry into the northwest region of China[19]. - The company aims to expand its services in the Greater Bay Area and key economic circles, focusing on community elderly care and childcare services due to demographic trends[27][28]. - The company has upgraded its value-added service brand, successfully establishing the "Little K" lifestyle service system[28]. - The company plans to enhance its service offerings by integrating residential and non-residential service portfolios to maintain sustainable development[31]. - The company has strengthened its partnerships with state-owned enterprises and stable private companies to expand into second and third-tier cities[31]. Community Engagement and Social Responsibility - Kaisa conducted approximately 1,148 community cultural activities and 996 convenience activities, engaging over 130,000 participants throughout the year[18]. - The company organized 59 public welfare events under the "Firefly Project," with participation from 17,000 individuals[24]. - The company received over 90 written commendations from government departments and property owners for its pandemic response efforts[23]. - Kaisa Group actively donated epidemic prevention materials, contributing to community health and safety during the pandemic[138]. - The company emphasizes the integration of new technologies such as 5G and IoT in developing smart community solutions[139]. Environmental, Social, and Governance (ESG) Initiatives - The report covers the performance of Kaisa Group Holdings Limited in environmental, social, and governance (ESG) aspects for the year 2021, with a focus on sustainability progress and direction[126]. - Kaisa Group has established an ESG framework to manage environmental, social, and governance risks, with the board responsible for setting strategies and monitoring performance[150]. - The company aims to create long-term value for stakeholders while maintaining high service quality and operational standards[149]. - Kaisa Group continues to focus on sustainable development, implementing energy-saving measures and waste recycling programs[149]. - The total greenhouse gas emissions for the reporting period amounted to 122,337.76 tons of CO2 equivalent, with direct emissions at approximately 996.99 tons and indirect emissions at about 120,492.68 tons[169]. - The company has set a target to reduce CO2 equivalent emissions by 10% over five years, achieving a reduction of approximately 3% to date[169]. - The group is actively transitioning to a low-carbon operational model to meet tenant and customer expectations[187]. Employee Management and Development - The group employed 12,871 employees as of December 31, 2021, an increase from 8,564 employees in the previous year[110]. - The company has implemented various employee benefits, including holiday allowances during major festivals, with each employee receiving festival bonuses during Spring Festival, Dragon Boat Festival, and Mid-Autumn Festival[191]. - The company reported zero fatalities due to work-related incidents in 2021, with only 13 workdays lost due to work-related injuries[195]. - The company emphasizes employee training, with a structured training management system aimed at enhancing skills and career development, including new employee training and management skills improvement[198]. - The company has established a performance evaluation system to determine employee promotions, which is based on regular performance assessments[189]. - The company prioritizes employee development and training opportunities to foster a competitive work environment[158]. Leadership and Governance - Kaisa Group has a diverse leadership team with extensive experience in finance, management, and real estate, enhancing its operational capabilities[116][117][118][119][120][121][122][123]. - The company continues to strengthen its governance structure by appointing independent directors with significant industry experience[118][119][120].

Financial Performance - The total revenue for the year ended December 31, 2021, was RMB 2,666,440 thousand, an increase of 42.8% compared to RMB 1,730,149 thousand in 2020[5] - Gross profit for the year was RMB 788,899 thousand, up 49.5% from RMB 527,639 thousand in the previous year[5] - Operating profit increased to RMB 392,746 thousand, representing a growth of 24.5% from RMB 315,442 thousand in 2020[5] - The net profit attributable to the owners of the company was RMB 56,806 thousand, a decrease of 74.3% compared to RMB 221,951 thousand in 2020[5] - Basic earnings per share decreased to RMB 0.37 from RMB 1.51 in the previous year, reflecting a decline of 75.5%[5] - The total profit attributable to the company's owners for 2021 was RMB 56,806,000, a decrease of 74.3% compared to RMB 221,951,000 in 2020[47] - The basic earnings per share for 2021 was RMB 0.37, down 75.5% from RMB 1.51 in 2020[47] - The diluted earnings per share for 2021 was RMB 0.36, a decline of 75.7% from RMB 1.48 in 2020[48] - Annual profit and total comprehensive income decreased from approximately RMB 229.5 million in 2020 to approximately RMB 68.1 million in 2021, a decline of about 70.3%[135] Revenue Breakdown - Property management services generated revenue of RMB 1,196,469,000 in 2021, up from RMB 793,776,000 in 2020, reflecting a growth of about 51%[25] - The community value-added services segment reported revenue of RMB 182,164,000 in 2021, an increase from RMB 135,308,000 in 2020, marking a growth of around 35%[25] - The smart solutions services segment generated revenue of RMB 215,660,000 in 2021, up from RMB 177,779,000 in 2020, reflecting a growth of approximately 21%[25] - Revenue from pre-delivery and consulting services was approximately RMB 1,072.1 million, accounting for 40.2% of total revenue, a 72.0% increase from RMB 623.3 million in 2020[104] - Revenue from properties developed by independent third-party developers was RMB 666,861 thousand, representing 55.7% of total revenue[102] Assets and Liabilities - Total assets as of December 31, 2021, were RMB 1,325,557 thousand, down from RMB 1,829,995 thousand in 2020[7] - Current liabilities increased to RMB 875,963 thousand from RMB 659,421 thousand in 2020, indicating a rise of 32.8%[7] - Non-current assets, including property, plant, and equipment, rose to RMB 25,131 thousand from RMB 18,888 thousand in 2020, an increase of 32.5%[7] - The total future cash outflow for leases as of December 31, 2021, was RMB 1,705,000 thousand, compared to RMB 442,000 thousand in 2020, reflecting a substantial rise of 285.1%[70] - The net current assets decreased from approximately RMB 1,170.6 million to RMB 449.6 million, with a current ratio of approximately 1.51 times as of December 31, 2021, down from 2.78 times in the previous year[139] Operational Highlights - The company has been focusing on expanding its property management services, including maintenance and community management[16] - The company aims to enhance its service levels and maintain customer satisfaction by adjusting the ratio of residential and non-residential portfolios, thereby expanding its diversified business layout[79] - The company has established a comprehensive service portfolio covering high-end communities, commercial complexes, and public services, focusing on key regions and sectors for development[80] - The company is preparing to meet future opportunities and challenges in the property management industry, aligning with the vision of "Service • Beautiful China"[75] - The company has committed to enhancing property management services and intelligent solutions, focusing on the Guangdong-Hong Kong-Macao Greater Bay Area and expanding into the Yangtze River Delta and Bohai Economic Circle[75] Market Expansion - The group has established property management services covering 58 cities across 17 provinces, with a total managed building area of 90.27 million square meters and managing 672 properties, including 300 residential communities and 372 non-residential properties[91] - The total contracted building area increased from 77.29 million square meters in 2020 to 126.89 million square meters in 2021, representing a growth of approximately 64%[91] - The group reported a strong market expansion momentum, with significant growth in the Yangtze River Delta region, where the managed building area increased from 27.54 million square meters in 2020 to 53.74 million square meters in 2021[93] - The total number of managed properties increased from 435 in 2020 to 672 in 2021, reflecting a growth of approximately 55%[91] Employee and Governance - The employee count increased to 12,871 as of December 31, 2021, up from 8,564 a year earlier, reflecting growth in operations[163] - The company maintained high standards of corporate governance, adhering to all provisions of the corporate governance code as of December 31, 2021, with the exception of the separation of roles between the Chairman and CEO[166] - The audit committee, consisting of three independent non-executive directors, reviewed the annual performance for the reporting year[172] Cash Flow and Financing - Cash and bank balances as of December 31, 2021, were approximately RMB 358.0 million, a decrease of approximately RMB 660.8 million from RMB 1,018.8 million as of December 31, 2020[139] - The company continues to manage its cash and cash equivalents prudently to ensure readiness for future growth opportunities[142] - The company raised approximately HKD 451.54 million from the placement of 14,000,000 shares at HKD 32.55 per share, netting HKD 32.21 per share after commissions and expenses[153] Challenges and Strategic Adjustments - The company faced significant challenges in 2021 due to the pandemic and market cooling, impacting operational independence and requiring strategic adjustments[73] - The company is focusing on ensuring market competitiveness to meet growth demands while navigating external uncertainties in the property service sector[73] - The company believes the property service industry is still in the early stages of rapid development and will gradually shift from management to service[86]

Financial Performance - For the six months ended June 30, 2021, the group's operating revenue increased by approximately RMB 584.0 million to RMB 1,325.0 million, representing a growth of about 78.8% compared to the same period in 2020[14]. - The group recorded a consolidated net profit growth of approximately RMB 93.3 million to RMB 216.5 million, reflecting an increase of about 75.7% year-on-year[14]. - Profit attributable to the company's owners increased by approximately RMB 90.0 million to RMB 209.1 million, marking a growth of about 75.6% compared to the previous year[14]. - The company's total revenue increased from approximately RMB 741.0 million for the six months ended June 30, 2020, to approximately RMB 1,325.0 million for the six months ended June 30, 2021, representing a growth of about 78.8%[51]. - Revenue for the period reached RMB 1,324,969 thousand, a significant increase from RMB 740,998 thousand in the previous period, representing an increase of approximately 78.7%[157]. - Gross profit amounted to RMB 432,273 thousand, compared to RMB 250,503 thousand, reflecting a growth of about 72.5%[157]. - Operating profit was reported at RMB 313,781 thousand, up from RMB 157,605 thousand, indicating an increase of approximately 99.2%[157]. - Profit before tax was RMB 292,165 thousand, compared to RMB 161,313 thousand, marking an increase of around 81.1%[157]. - Net profit attributable to the owners of the company was RMB 209,115 thousand, up from RMB 119,093 thousand, which is an increase of approximately 75.5%[157]. - Basic earnings per share increased to RMB 1.36 from RMB 0.85, representing a growth of about 60%[157]. Revenue Breakdown - Property management service revenue was approximately RMB 565.2 million, while pre-delivery and consulting service revenue was about RMB 552.5 million[14]. - Revenue from property management services rose from approximately RMB 364.8 million to approximately RMB 565.2 million, marking an increase of about 54.9% due to internal growth and acquisitions[53]. - Revenue from pre-delivery and consulting services surged from approximately RMB 243.9 million to approximately RMB 552.5 million, reflecting a growth of about 126.5% driven by ongoing projects from existing clients and new third-party developers[53]. - Community value-added services revenue grew by approximately 64.7%, reaching about RMB 97.6 million, attributed to an increase in managed properties and enhanced service offerings[54]. - Smart solutions service revenue increased by approximately 50.2%, from about RMB 73.0 million to approximately RMB 109.6 million, due to the expansion of new client contracts[57]. Operational Expansion - The group aims to deepen its presence in the Guangdong-Hong Kong-Macao Greater Bay Area and expand into the Yangtze River Delta, Bohai Economic Rim, and Chengdu-Chongqing Economic Circle[11]. - The contracted building area increased significantly to 120.9 million square meters from 77.3 million square meters in the previous year, indicating strong market expansion[27]. - As of June 30, 2021, the total managed building area reached 86.3 million square meters, with a total of 649 properties managed, including 278 residential communities and 371 non-residential properties[25]. - The managed building area in the Guangdong-Hong Kong-Macao Greater Bay Area increased to 16,302 thousand square meters with 90 projects, compared to 14,563 thousand square meters with 78 projects in December 2020, marking a growth of 11.9%[32]. - The Yangtze River Delta region saw a significant increase in managed area to 53,798 thousand square meters with 480 projects, up from 27,536 thousand square meters with 285 projects, indicating a growth of 95.1%[32]. Strategic Initiatives - The group is focusing on high-standard property services and the extensive application of intelligent products as core strategies[11]. - The group has upgraded its value-added services brand and established a comprehensive community living service system[11]. - The company aims to diversify its acquisition strategy by prioritizing property companies with multi-business portfolios and investing in high-potential upstream and downstream targets[17]. - The company plans to enhance collaboration with independent third-party property developers, increasing the proportion of such properties in its portfolio[40]. - The company plans to leverage synergies with its parent company to enhance project delivery and expand its business scale over the next five years[21]. Cost and Expenses - Direct operating expenses rose from approximately RMB 490.5 million to approximately RMB 892.7 million, an increase of about 82.0%, primarily due to internal growth and acquisitions[58]. - Sales and marketing expenses rose from approximately RMB 3.3 million to approximately RMB 4.9 million, an increase of about 48.5%, due to enhanced market expansion efforts[66]. - Administrative expenses increased from approximately RMB 90.4 million to approximately RMB 113.1 million, a growth of about 25.1%, which was lower than the revenue growth rate due to effective cost control measures[67]. Financial Position - As of June 30, 2021, the cash and bank balance was approximately RMB 970.3 million, a decrease of about RMB 48.5 million from RMB 1,018.8 million as of December 31, 2020, mainly due to payments related to acquisitions[73]. - The company's debt-to-equity ratio was zero as of both June 30, 2021, and December 31, 2020, indicating no interest-bearing borrowings[94]. - The company reported a net cash position of RMB 970,265 thousand, down from RMB 1,018,807 thousand, indicating a decrease of about 4.8%[160]. - The total assets as of June 30, 2021, were RMB 1,998,572 thousand, compared to RMB 1,829,995 thousand at the end of 2020, reflecting an increase of approximately 9.2%[160]. Corporate Governance - The board believes that high standards of corporate governance are essential for protecting shareholder interests and enhancing corporate value[102]. - The audit committee has reviewed the interim report for the six months ended June 30, 2021, ensuring compliance with financial reporting standards[105]. - The company has adopted a share option scheme to incentivize eligible participants and retain talent for long-term development[112]. Shareholder Information - Major shareholder Kaisa Group Holdings Limited holds 104,251,250 shares, accounting for 67.65% of the company's issued share capital[149][3]. - As of June 30, 2021, a total of 2,010,000 stock options were exercisable[137]. - The total number of shares issued as of June 30, 2021, was 154,110,000, with key executives holding a combined total of 2,700,000 shares, representing approximately 1.75% of the issued shares[144][1].

Company Overview - Kaisa Prosperity Holdings Limited ranked 11th in the national comprehensive strength among property service companies[2]. - The brand valuation of Kaisa Prosperity is RMB 5.8 billion[2]. - The company manages 435 projects covering a total area of 57.5 million square meters[2]. - Kaisa Prosperity serves approximately 300,000 property units across 51 cities in China[2]. - Kaisa Prosperity has over 20 branch companies operating nationwide[2]. Acquisitions and Market Expansion - In June 2020, Kaisa Prosperity acquired 60% of Ningbo Langtong Property Co., Ltd. for RMB 27 million, enhancing its market influence in the Yangtze River Delta[10]. - In December 2020, the company acquired 60% of Zhejiang Ruiyuan Property Management Co., Ltd. for RMB 108 million, expanding its property management services in the Yangtze River Delta region[17]. - The company completed the acquisition of 60% equity in Ningbo Langtong Property Service Co., Ltd. and signed an agreement to acquire 60% equity in Zhejiang Ruiyuan Property Management Co., Ltd.[23]. - The company expanded its business through new service appointments and acquisitions, including the acquisition of Ningbo Langtong, which managed 48 projects with a managed building area of approximately 4 million square meters[43]. - The company plans to diversify its investment development based on existing property acquisitions, targeting high-potential projects for strategic cooperation[27]. Financial Performance - In 2020, the company's revenue increased by approximately RMB 468.2 million to RMB 1,730.1 million, representing a growth of about 37.1% compared to 2019[21]. - Property management service revenue was RMB 793.8 million, while pre-delivery and consultancy service revenue was RMB 623.3 million, and community value-added service revenue was RMB 135.3 million[21]. - The company's attributable profit was approximately RMB 222.0 million, an increase of 35.4% from RMB 163.9 million in 2019[21]. - Adjusted net profit rose by approximately 49.2% to about RMB 254.7 million, compared to RMB 170.7 million in 2019[21]. - Total revenue for the year ended December 31, 2020, increased by approximately 37.1% to approximately RMB 1,730.1 million from RMB 1,261.9 million for the year ended December 31, 2019[32]. - Gross profit for the year ended December 31, 2020, increased by approximately 39.4% to approximately RMB 527.6 million, with a stable gross margin of approximately 30.5% compared to 30.0% in 2019[32]. Revenue Breakdown - The total property management service revenue for the year ended December 31, 2020, was RMB 793.776 million, representing a 41.8% increase from RMB 559.555 million in 2019[48]. - Revenue from pre-delivery and consulting services was approximately RMB 623.3 million, representing 36.0% of total revenue for the year, up 33.3% from RMB 467.5 million in 2019[53]. - Revenue from properties developed by Kaisa Group was RMB 413.020 million, accounting for 52.0% of total revenue[50]. - The company has adopted two revenue models: the comprehensive model and the commission model, with the latter contributing RMB 50.049 million, or 6.3% of total revenue[48]. Smart Solutions and Innovation - The company’s smart solutions provider, Shenzhen Jiake Intelligent Engineering Co., Ltd., has signed strategic cooperation agreements with multiple top 100 real estate companies[24]. - In 2020, the company achieved product sales revenue of approximately RMB 10.7 million from its smart products[24]. - Smart solutions service revenue reached approximately RMB 177.8 million, a year-on-year growth of 56.8%, with a gross profit of approximately RMB 54.5 million and a gross margin of 30.6%[57]. Employee and Operational Management - As of December 31, 2020, the group employed 8,564 staff, an increase from 8,137 staff in the previous year[108]. - The company emphasizes safety, achieving zero fatalities due to work-related incidents over the past two years[194]. - 67% of employees participated in training programs during the reporting period, with an average training duration of 16 hours per employee[198]. - The company has implemented a performance assessment system to determine employee promotions based on regular evaluations[188]. Environmental, Social, and Governance (ESG) Initiatives - The company has established a comprehensive ESG framework to manage environmental, social, and governance responsibilities[142]. - The report adheres to the guidelines set by the Hong Kong Stock Exchange for ESG reporting, ensuring transparency and accountability[135]. - The company emphasizes the importance of service quality, complaint management, community engagement, occupational health and safety, and employee development[159]. - Total greenhouse gas emissions amounted to 100,858 tons of CO2 equivalent, with direct emissions at approximately 951 tons and indirect emissions at about 99,031 tons[164]. Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to 12%[121]. - New product launches are expected to contribute an additional $200 million in revenue, with a focus on smart home technology[121]. - The company plans to continue improving capital utilization in the future[104].

Financial Performance - For the six months ended June 30, 2020, the company's operating revenue increased by approximately RMB 182.6 million to RMB 741.0 million, representing a growth of about 32.7% compared to the same period in 2019[12]. - Adjusted net profit (excluding share-based compensation) for the same period rose by approximately RMB 44.7 million to RMB 136.3 million, reflecting an increase of about 48.8% year-on-year[12]. - The company recorded basic earnings per share of RMB 0.85 for the six months ended June 30, 2020[12]. - Revenue increased from approximately RMB 558.4 million for the six months ended June 30, 2019, to approximately RMB 741.0 million for the same period in 2020, representing a growth of about 32.7%[66]. - Gross profit for the same period was RMB 250,503,000, up 30.9% from RMB 191,286,000 year-on-year[162]. - Operating profit increased to RMB 157,605,000, a rise of 33.6% compared to RMB 117,908,000 in the previous year[162]. - Net profit attributable to owners of the company was RMB 119,093,000, reflecting a 31.2% increase from RMB 90,663,000 in the prior period[162]. - Total comprehensive income for the period increased from approximately RMB 91.6 million to approximately RMB 123.2 million, representing a growth of about 34.5% due to business expansion[84]. - The net cash flow from operating activities for the six months ended June 30, 2020, was RMB 37,722,000, a decrease of 30.7% compared to RMB 54,513,000 for the same period in 2019[176]. Revenue Breakdown - Revenue from property management services rose from approximately RMB 233.6 million to approximately RMB 364.8 million, marking an increase of about 56.2% due to expansion through acquisitions and increased managed building area[68]. - Revenue from pre-delivery and consultancy services amounted to RMB 243.9 million, accounting for approximately 33.0% of total revenue, up 12.5% from RMB 216.8 million in the same period last year[45]. - Revenue from Kaisa Group's projects in pre-delivery and consultancy services was RMB 215.3 million, representing 88.3% of total revenue from this segment, an increase of 11.0% from RMB 193.9 million year-on-year[45]. - Community value-added services generated revenue of RMB 59.3 million, making up about 8.0% of total revenue, which is a 5.1% increase from RMB 56.4 million in the previous year[50]. - The revenue contribution from Kaisa Group and its subsidiaries accounted for 40.5% of the total revenue, down from 45.5% in 2019[199]. Strategic Initiatives - The company aims to deepen its service strategy in urban services and has established a comprehensive service platform in Handan City, focusing on various service areas including municipal, building, park, school, hospital, and industrial park services[15]. - In June 2020, the company signed an agreement to acquire 60% of Ningbo Longtong Property Service Co., Ltd., which will increase its managed area by over 4.0 million square meters, supporting strategic expansion in the Yangtze River Delta region[16]. - The company is focusing on high-standard property management and the widespread application of intelligent products as core strategies to drive sustainable development in the Guangdong-Hong Kong-Macao Greater Bay Area[11]. - The company plans to expand its market presence in the Yangtze River Delta, Bohai Economic Rim, and Chengdu-Chongqing Economic Circle[11]. - The company emphasizes the importance of a diversified business layout and aims to maintain sustainable development through a reasonable adjustment of residential and non-residential service ratios[15]. - The company is actively seizing market opportunities to establish industry benchmarks through strategic upgrades and brand building in urban service management[15]. Operational Metrics - The total contracted area increased to 59.2 million square meters as of June 30, 2020, compared to 53.8 million square meters at the end of 2019, representing an increase of approximately 10.5%[26]. - The company has established a comprehensive property management service covering 44 cities across 15 provinces, with a total managed area of 48.8 million square meters and 323 properties under management as of June 30, 2020[25]. - Total managed building area as of June 30, 2020, reached 48,767 thousand square meters, an increase from 46,207 thousand square meters as of December 31, 2019, representing a growth of approximately 5.5%[37]. - The number of managed properties increased to 323 as of June 30, 2020, compared to 304 as of December 31, 2019, reflecting a growth of about 6.2%[37]. Financial Position - Cash and bank balances increased to approximately RMB 1,194.9 million as of June 30, 2020, up from approximately RMB 753.9 million as of December 31, 2019, reflecting a growth of about RMB 441.0 million[90]. - The current ratio improved to approximately 2.83 times as of June 30, 2020, compared to approximately 1.99 times as of December 31, 2019, indicating enhanced liquidity[90]. - Total assets as of June 30, 2020, amounted to RMB 1,683,950,000, compared to RMB 1,152,867,000 at the end of 2019[165]. - The company's debt-to-equity ratio was zero, indicating no interest-bearing borrowings[110]. - The company has no contingent liabilities as of June 30, 2020, maintaining a clean financial position[111]. Employee and Shareholder Information - The company employed 8,131 employees as of June 30, 2020, a slight decrease from 8,137 employees as of December 31, 2019[114]. - The company has adopted a share option scheme to incentivize employee performance, with a total of 14,000,000 shares available for issuance under the scheme, representing 10% of the issued shares as of the adoption date[132]. - The board has resolved not to recommend the payment of an interim dividend for the six months ended June 30, 2020, consistent with no dividend declared for the same period in 2019[128]. - The total number of shares issued as of June 30, 2020, is approximately 154,000,000[148]. - The company’s directors hold a total of 2,000,000 shares, representing approximately 1.30% of the issued share capital as of June 30, 2020[147]. Risk Management - The company faced various financial risks including interest rate risk, credit risk, liquidity risk, and foreign exchange risk, with a focus on minimizing potential impacts on financial performance[185]. - There were no significant changes in the risk management policies since the year ended December 31, 2019[186]. - The company continues to monitor its foreign exchange risk exposure due to its operations primarily in China and transactions in RMB[113].

Company Overview - Kaisa Prosperity Holdings ranked 12th in the National Comprehensive Strength among property service companies[2]. - The company manages 304 projects with a total gross floor area of 46.2 million sq.m.[2]. - Kaisa Prosperity Holdings serves approximately 240,000 property units across 42 cities in China[2]. - The company was recognized as one of the "Top 10 Listed Property Service Enterprises" in 2019[8]. - Kaisa Prosperity Holdings maintained its position as one of the "Top 100 Property Service Enterprises in China" in 2019[9]. Acquisitions and Market Expansion - In April 2019, Kaisa Property Management (Shenzhen) acquired 60% of Jiaxing Dashu Property Management for RMB 365.8 million to enhance its market presence in the Yangtze River Delta[7]. - In October 2019, Kaisa Property (Shenzhen) acquired 51% of Jiangsu Hengyuan Property Management for approximately RMB 341.6 million to expand its management portfolio in the Yangtze River Delta[19]. - The company completed the acquisition of 60% of Jiaxing Dashu Property Management Co., Ltd. and 51% of Jiangsu Hengyuan Property Management Co., Ltd. in 2019[24]. - The company expanded its managed building area by over 16.3 million square meters through equity acquisitions, enhancing its presence in the Yangtze River Delta region[24]. Financial Performance - The company's revenue for 2019 increased by approximately RMB 366.1 million to RMB 1,261.9 million, representing a growth of about 40.9% compared to 2018[23]. - Total revenue for the year ended December 31, 2019, increased by approximately 40.9% to approximately RMB 1,261.9 million from approximately RMB 895.8 million for the year ended December 31, 2018[37]. - Profit attributable to owners for the year ended December 31, 2019, was approximately RMB 163.9 million, an increase of 203.0% compared to RMB 54.1 million for the same period in 2018[37]. - The adjusted profit for the year was RMB 170.7 million, up 61.5% from RMB 105.7 million in 2018, with basic earnings per share increasing by approximately 134.0% to RMB 1.17[23]. - The property management service revenue was RMB 559.6 million, while pre-delivery and consulting service revenue reached RMB 467.5 million, marking a 31.5% increase year-on-year[26]. Revenue Breakdown - The company’s property management services generated total revenue of RMB 559.6 million, with residential communities contributing RMB 296.1 million (52.9%) and non-residential properties contributing RMB 263.5 million (47.1%) for the year ended December 31, 2019[48]. - Revenue from pre-delivery and consulting services was approximately RMB 467.5 million, accounting for 37.0% of total revenue, up 31.5% from RMB 355.6 million in 2018[53]. - Community value-added service revenue reached RMB 121.5 million, a significant increase of 48.7% compared to the previous year[30]. - Smart solutions service revenue was approximately RMB 113.4 million, reflecting a year-on-year growth of about 37.4%[29]. Operational Strategies - The company aims to enhance its competitive edge and market value by exploring new industry trends and adhering to government policies[32]. - The company is committed to maintaining service quality while expanding its management scale, emphasizing the integration of management scale and service quality for sustainable development[27]. - The company has a strong focus on smart city development and has actively engaged in municipal projects, positioning itself as a provider of intelligent solutions in property management[29]. Employee and Management - The company employed 8,137 staff as of December 31, 2019, an increase from 5,279 employees in the previous year[95]. - The management team includes experienced professionals with backgrounds in finance, engineering, and management, contributing to the company's operational efficiency[102][105]. - The company has been expanding its management team with individuals who have extensive experience in financial management and auditing[104][105]. - The company has established a training management system to enhance employee skills and career development, with annual training plans based on identified needs[148]. Environmental and Social Responsibility - The company emphasizes sustainability and governance in its operations, as outlined in its environmental, social, and governance (ESG) report[106]. - The company has established an ESG framework to manage environmental and social impacts effectively[114]. - The total greenhouse gas emissions of the company amounted to approximately 100,224 tons of CO2 equivalent, with about 98% originating from purchased electricity usage[132]. - The company planted a total of 1,767 trees, successfully reducing approximately 41 tons of CO2 emissions from its operations[132]. Governance and Compliance - The board of directors consists of 7 members, with approximately 71% male and 29% female representation, and a total workforce of 5,043 employees, with a gender ratio of 64% male and 36% female[145]. - The company has adopted corporate governance policies to enhance transparency and risk management, complying with all provisions of the corporate governance code[183]. - The board is responsible for assessing ESG-related risks and opportunities, ensuring effective risk management and internal controls[117]. - The company has implemented a written guideline for securities trading for employees who may possess inside information, adhering to the standards set forth in the listing rules[190].

Financial Performance - For the six months ended June 30, 2019, the company achieved revenue of approximately RMB 558.4 million, representing a growth of about 35.4% compared to the same period in 2018[9]. - The net profit for the same period was approximately RMB 91.6 million, an increase of 45.4% compared to the adjusted net profit from the first half of 2018[9]. - Total revenue increased from approximately RMB 412.3 million in the first half of 2018 to approximately RMB 558.4 million in the first half of 2019, marking a growth of about 35.4%[58]. - Gross profit for the same period was RMB 191,286,000, up 35.7% from RMB 140,863,000 year-on-year[138]. - Operating profit increased to RMB 117,908,000, a significant rise of 80.5% compared to RMB 65,439,000 in the previous year[138]. - Net profit attributable to owners of the company was RMB 90,663,000, compared to RMB 23,300,000 in the same period last year, marking a 288.5% increase[138]. - Basic and diluted earnings per share increased to RMB 0.6476 from RMB 0.2234, reflecting a growth of 200.5%[138]. - The total comprehensive income increased from approximately RMB 23.0 million to approximately RMB 91.6 million, a growth of about 298.3%, primarily due to business expansion[74]. Revenue Breakdown - Revenue from pre-delivery and consulting services reached approximately RMB 216.8 million, a growth of about 31.9% year-on-year[10]. - Revenue from Kaisa Group accounted for approximately RMB 193.9 million, representing 89.4% of total revenue from pre-delivery and consulting services[41]. - Community value-added services revenue reached approximately RMB 56.4 million, a significant increase of about 47.7% compared to the same period last year[17]. - Intelligent solution service revenue surged from approximately RMB 32.0 million to approximately RMB 51.5 million, achieving a growth of about 60.9%[63]. - Property management service revenue rose from approximately RMB 177.7 million to approximately RMB 233.6 million, reflecting an increase of about 31.5%[59]. - The total service cost for the six months ended June 30, 2019, was RMB 367,104,000, compared to RMB 271,461,000 in 2018, which is an increase of 35.2%[198]. Market Expansion and Strategy - The company is actively expanding its market presence in key economic regions such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta[13]. - The company aims to position itself as a leading urban public service provider in China, leveraging the trend of urban service upgrades[13]. - The company plans to enhance its diversified service capabilities and strengthen operational services to create a better living experience for customers[18]. - The company aims to focus on core urban areas and maintain quality growth, prioritizing mid-to-high-end residential and commercial properties[18]. - The company is focusing on expanding its service offerings in property management and consulting to drive future growth[199]. - New strategies are being implemented to enhance community value-added services and intelligent solutions to meet market demands[199]. Operational Developments - The company completed approximately 9.6 million square meters of new management area in the first half of 2019, including the acquisition of Jiaxing Dashu Property Management Co., Ltd[13]. - The total managed contract construction area was approximately 36.3 million square meters, a growth of about 34.9% from the end of 2018[9]. - The company completed the acquisition of Jiaxing Dashu and its subsidiary Jiaxing Rongsu Hotel Management Co., managing a total of 78 projects with a managed building area of approximately 7.8 million square meters[30]. - The number of managed properties increased from 132 to 218, reflecting a growth of approximately 65.2%[32]. - The area managed from independent third-party developers increased by approximately 190.7%, from 4.3 million square meters to 12.5 million square meters[37]. Financial Position and Cash Flow - Cash and bank balances decreased from approximately RMB 708.1 million as of December 31, 2018, to approximately RMB 519.4 million as of June 30, 2019, a decrease of about RMB 188.7 million[77]. - The net cash flow from operating activities for the six months ended June 30, 2019, was RMB 54,513,000, a decrease of 61.5% compared to RMB 141,770,000 for the same period in 2018[156]. - The company incurred a net cash outflow from investing activities of RMB 114,092,000, compared to a cash inflow of RMB 18,697,000 in the same period last year[156]. - The company reported a significant increase in retained earnings, which reached RMB 138,329,000 as of June 30, 2019, compared to RMB 69,834,000 at the beginning of the year[149]. Employee and Corporate Governance - The group employed 5,788 employees as of June 30, 2019, an increase from 5,279 employees as of December 31, 2018[99]. - The company adopted a share option scheme on June 18, 2019, granting options to subscribe for a total of 11,450,000 shares[100]. - The major shareholder, Kaisa Group Holdings Ltd., holds 103,530,000 shares, representing approximately 73.95% of the issued share capital as of June 30, 2019[130]. - The company confirmed that all directors complied with the securities trading standards as of June 30, 2019[112]. Compliance and Risk Management - The group faces various financial risks including interest rate risk, credit risk, liquidity risk, and foreign exchange risk, with a focus on minimizing potential impacts on financial performance[184]. - The group has not made significant changes to its risk management policies since the year ended December 31, 2018[185]. - The company has established written guidelines for employees who may possess inside information, ensuring compliance with the standard code[113].