香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失 承擔任何責任。 Kangqiao Service Group Limited 康 橋 悅 生 活 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號： 2205） 截至2022年12月31日止年度 之經審核全年業績公告 茲提述康橋悅生活集團有限公司（「本公司」）日期為2023年3月31日、2023年4月18日、 2023年4月25日、2023年5月31日及2023年6月30日的公告，內容有關（其中包括）(i)暫停 股份買賣；(ii)延遲刊發截至2022年12月31日止年度之全年業績及延遲寄發年度報告； (iii)核數師函件；及(iv)復牌指引（統稱「該等公告」）。除非另有界定外，本公告所用 詞義與該等公告所界定者具有相同涵義。 本公司董事（「董事」）會（「董事會」）謹此宣佈，2022年的全年業績的審核流程已完 成。董事會欣然宣佈，本公司已就與本公司及其附屬公司（「本集團」或「康橋悅生活」） 所載於本 ...

Business Performance - As of June 30, 2022, the Group's business contracts covered 31 cities in eight provinces, serving millions of property owners and winning over 200 awards[7]. - The Group ranked 29th among the Top 100 Property Service Companies in China in terms of overall strength in 2022[7]. - In the first half of the year, the gross profit of all major sectors increased, indicating improved financial performance[21]. - Revenue for the six months ended June 30, 2022, was approximately RMB 372.0 million, representing a decrease of 6.4% compared to the corresponding period in 2021[65]. - Profit for the Reporting Period was approximately RMB 56.7 million, representing an increase of 3.5% compared to the corresponding period in 2021[75]. - Profit attributable to owners of the Company was approximately RMB 49.5 million, representing a decrease of 3.5% compared to the corresponding period in 2021[75]. - The Group's revenue was approximately RMB372.0 million, a decrease of 6.4% compared to approximately RMB397.4 million for the corresponding period in 2021[84][85]. - The Group's financial performance reflects the challenges faced in the real estate market, necessitating strategic adjustments to adapt to changing conditions[113]. Revenue Breakdown - Revenue from property management services was approximately RMB 224.3 million, accounting for 60.3% of total revenue, representing an increase of 38.0% compared to the corresponding period in 2021[67]. - Revenue from value-added services to non-property owners was approximately RMB 78.8 million, accounting for 21.2% of total revenue, representing a decrease of 54.3% compared to the corresponding period in 2021[67]. - Revenue from community value-added services was approximately RMB 59.2 million, accounting for 15.9% of total revenue, representing a decrease of 5.1% compared to the corresponding period in 2021[67]. - Revenue from city services was approximately RMB 9.7 million, accounting for 2.6% of total revenue[67]. - Revenue from value-added services to non-property owners decreased by 54.3% to approximately RMB 78.8 million, down from RMB 172.4 million in the corresponding period of 2021, primarily due to the shrinking real estate business influenced by policies[122]. Operational Strategy - The Group's three product lines—residential business, non-residential business, and city services—have been established with clear service positioning and standards[21]. - The Group focuses on enhancing service quality through standardization, branding, and digital assessment to eliminate losses[21]. - The Group aims to redefine urban life by leveraging smart technology and participating deeply in urban services[11]. - The Group's strategic layout planning is supported by a focus on asset operation and product premium for "big owners"[21]. - The Group aims to expand its non-residential property and city services business lines, focusing on balanced development across "Joyful Living," "Joyful Commercial Property Management," and "Joyful City Service"[109]. - The Group's strategy includes deep cultivation of vertical industry sectors to create a service ecology centered around people[109]. Employee and Talent Management - The proportion of internal talent training reached 67.24% in the first half of 2022, reflecting the company's commitment to talent development and management[33]. - The Group had a total of 1,720 employees, with employee benefit expenses amounting to RMB80.6 million for the six months ended June 30, 2022, down from RMB89.0 million for the same period in 2021[170]. - The Group's employee count decreased from 1,803 as of June 30, 2021, to 1,720 as of June 30, 2022[170]. - The Group's recruitment strategy includes online recruitment, job fairs, and campus recruitment to attract talented employees[170]. Financial Health - As of June 30, 2022, cash and cash equivalents amounted to RMB513.4 million, a slight decrease from RMB540.8 million as of December 31, 2021[149]. - The current ratio as of June 30, 2022, was 2.5, an increase from 2.4 as of December 31, 2021[149]. - The asset-liability ratio was 37.0% as of June 30, 2022, down from 38.2% as of December 31, 2021[149]. - Trade and other receivables and prepayments increased to RMB525.6 million, an 8.1% increase from RMB486.4 million as of December 31, 2021[151]. - Trade and other payables remained stable at RMB248.7 million as of June 30, 2022, compared to RMB250.0 million as of December 31, 2021[151]. Corporate Governance - The Group is committed to maintaining high standards of corporate governance and has complied with all applicable principles under the Corporate Governance Code during the reporting period[173]. - The Audit Committee confirmed compliance with all applicable accounting principles and standards for the interim financial information for the six months ended June 30, 2022[183]. - The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers as the code for dealing in the securities of the Group[177]. - The Company has complied with all applicable principles and code provisions under the Corporate Governance Code during the Reporting Period[178]. - The Company will continue to review and monitor its corporate governance practices to ensure compliance with the Corporate Governance Code[178].

Business Expansion and Market Presence - As of December 31, 2021, Kangqiao Service's business contracts covered 31 cities across eight provinces, indicating significant geographical expansion[7] - Kangqiao Service has successfully expanded into high-end office buildings in Wuxi and commercial projects in Lishui, showcasing its growth in economically developed provinces[7] - The company operates multiple subsidiaries to leverage local advantages for independent brand operations and business expansion[7] - The Group has expanded its business into key regions outside Henan, including Zhejiang, Jiangsu, Hubei, Hebei, Guangdong, Shandong, and Shaanxi[57] - The company plans to enhance its business penetration in Xi'an through the acquisition of 80% equity in Xi'an Lifeng Property Management Co., Ltd.[37] Financial Performance - In 2021, Kangqiao Service's annual revenue reached approximately RMB783.6 million, exceeding the target[32] - The Group's revenue for 2021 was approximately RMB 783.6 million, representing a 36.1% increase compared to RMB 575.6 million in 2020[53] - Profit for the Year was approximately RMB 88.6 million, a decrease of 3.5% from RMB 91.8 million in 2020; adjusted profit excluding listing expenses was approximately RMB 102.6 million, an increase of 4.5% from RMB 98.2 million in 2020[53] - Revenue from property management services amounted to RMB350.8 million, a 37.6% increase from RMB255.0 million in 2020[87] - The Group's cost of sales was approximately RMB579.7 million, an increase of 45.3% compared to RMB399.0 million in 2020[95] Revenue Sources and Growth - Value-added revenue from non-owners amounted to approximately RMB 311.9 million, representing 39.8% of total revenue[42] - Community value-added service revenue was approximately RMB 120.9 million, accounting for 15.4% of total revenue[42] - The Group's revenue from value-added services to non-property owners was approximately RMB 311.9 million, reflecting a 32.5% increase from RMB235.4 million in 2020[88] - Community value-added services generated revenue of approximately RMB120.9 million, marking a 41.8% increase from RMB85.2 million in 2020[91] Operational Efficiency and Management - The company focused on improving operational efficiency through a self-developed "service satisfaction management system" to enhance customer satisfaction[43] - The Group's management emphasizes the importance of adjusted profit to better reflect operational performance by excluding non-recurring listing expenses[56] - The Group aims to enhance its business capacity through digitalization and strategic innovation, focusing on long-term value creation[76] - The Group's development strategy was adjusted in response to the new situation in the real estate industry, focusing on enhancing operational efficiency[61] Awards and Recognition - Kangqiao Service has served millions of property owners and has won over 200 awards, ranking 37th among the Top 100 Property Service Companies in China in 2021[6] - The company was recognized with several honorary titles, including "2021 Advanced Enterprise in Property Service Industry" and "2021 Leading Enterprise with Quality Property Service in Henan"[31] - The Group was awarded the title of "2021 China Top 100 Property Management Companies," with its overall industry strength ranking increasing by five places to 37th compared to 2020[65] Strategic Initiatives and Future Plans - The new three-year strategic plan aims to position the Group as an excellent life and smart city service operator[50] - The company aims to expand its market presence and enhance operational efficiency through strategic planning and management initiatives led by its experienced directors[152][160] - The Group intends to utilize part of the net proceeds from the global offering to acquire property management and professional service companies, and to cooperate with local municipal investment companies or property developers[142] Leadership and Management Team - Mr. Song Gewei has approximately 20 years of experience in the PRC real estate industry and has been responsible for the overall business direction and strategic planning since the company's establishment in August 2010[152] - The executive team collectively brings a wealth of experience from various sectors within the real estate and property management industries, enhancing the company's strategic capabilities[156][160] - The company has established a strong foundation for future growth with a focus on strategic planning and operational excellence[152][160] Financial Position and Assets - As of December 31, 2021, current assets increased by 15.2% to approximately RMB983.7 million from RMB854.2 million in 2020, with cash and cash equivalents rising by 301.3% to approximately RMB540.8 million[123] - The Group maintained a strong financial position with a current ratio of approximately 2.4, up 42.5% from 1.7 in 2020, and an asset-liability ratio of 38.2%, down 43.3% from 81.5%[123] - As of December 31, 2021, trade and other receivables amounted to approximately RMB486.4 million, a decrease of 32.4% from RMB719.5 million as of December 31, 2020, due to enhanced efforts in recovering outstanding receivables[128] Community Engagement and Social Responsibility - Kangqiao Service actively participated in disaster relief efforts during the "7.20" heavy rainstorm disaster in Zhengzhou, earning social appreciation[28] - The company’s efforts in combating the COVID-19 pandemic were recognized, contributing to the resumption of social operations[31] - The Group's community operation services included managing community spaces and optimizing public resource utilization, contributing to improved living experiences for residents[74]