Financial Performance - Total assets as of December 31, 2022, amounted to RMB 2,179.5 million, an increase from RMB 1,831.1 million in 2021[34] - Cash and cash equivalents reached RMB 1,140.7 million, up from RMB 1,087.3 million in the previous year[34] - Total equity increased to RMB 782.4 million, compared to RMB 704.2 million in 2021[34] - The total revenue for the year 2022 was approximately RMB 1,567.2 million, representing a year-on-year growth of about 28.0%[73] - The net profit for 2022 was approximately RMB 115.2 million, with a year-on-year increase of 37.0%[73] - The company's operating costs for the year were approximately RMB 1,219.9 million, up about 28.2% from RMB 951.9 million in 2021, driven by the expansion of managed areas and projects[62] - The gross profit from property management services was RMB 198.9 million, with a gross profit margin of 57.3%, while the gross profit from non-owner value-added services was RMB 100.4 million, with a gross profit margin of 28.9%[63] - The revenue from property management services accounted for approximately 59.7% of total revenue, amounting to RMB 935.4 million, a growth of 15.9% year-on-year[79][87] - The revenue from residential property management services was approximately RMB 488.3 million, representing a growth of about 13.4% compared to the previous year, accounting for approximately 52.2% of the total property management service revenue[53] - The income from non-owner value-added services was approximately RMB 310.9 million, a significant increase of about 114.7% year-on-year, primarily due to the rise in emergency support projects and management services[56] - The revenue from community value-added services was approximately RMB 320.9 million, reflecting a year-on-year growth of about 17.6%[85] Operational Expansion - The company operates in 13 provinces, cities, and autonomous regions, with new expansions in Sanya, Changsha, and Xiamen[20] - The managed area exceeded 36.9 million square meters, covering diverse operational formats including residential and commercial properties[20] - As of December 31, 2022, the total managed area of the company reached approximately 36,880 thousand square meters, an increase of 16.5% from 31,637 thousand square meters in 2021[51] - The managed area reached 36.9 million square meters, a year-on-year growth of 16.7%[73] - The company won 38 service project bids in 2022, resulting in an additional managed area of approximately 5.3 million square meters[78] - The company successfully entered the Hunan Changsha market and established a joint venture in Sanya to expand its service footprint into tourism and hotel management[35][37] Strategic Focus and Goals - The company aims to become a nationally recognized provider of urban services and quality living services[5] - The company has a strategic focus on regional deepening and specialized services to align with national development strategies[5] - The company is focusing on new business models such as "engineering + services" and community elderly care, aiming to create new economic growth points[45] Awards and Recognition - The company has received multiple awards, including being ranked 21st among China's top 100 property service companies in 2022[4] - The company won its first subway project for the Beijing Metro Line 10, marking a significant milestone in its market development strategy[39] - The company received the first-class award for its project on modern enterprise management innovation in Beijing, highlighting its commitment to service excellence[40] Financial Position and Assets - The company maintained a strong financial position with current assets of approximately RMB 1,880.4 million as of December 31, 2022, a growth of about 20.4% from RMB 1,561.5 million in 2021[65] - The cash and cash equivalents as of December 31, 2022, were approximately RMB 1,140.7 million, an increase of about 4.9% from the previous year[91] - As of December 31, 2022, accounts payable and other payables amounted to approximately RMB 973.7 million, an increase of RMB 241.6 million compared to approximately RMB 732.1 million as of December 31, 2021, mainly due to increased payments to suppliers as the business expanded[121] - The company has no borrowings or bank loans as of December 31, 2022[96] Employee and Talent Management - As of December 31, 2022, the group had 2,085 employees, an increase from 2,051 employees in the previous year[142] - Total employee costs for the year ended December 31, 2022, were approximately RMB 428.2 million, slightly up from RMB 427.9 million in 2021[142] - The company emphasizes the recruitment of talented individuals and provides continuous training and career development opportunities for employees[144] - The company has established a competitive and performance-oriented compensation plan to incentivize employee value creation[142] - The company is focused on building a supply chain of key talent, including executives and project managers, to enhance employee training[144] Corporate Governance - The company has established a clear governance structure through its shareholders' meeting, supervisory board, board of directors, and specialized committees to ensure compliance with the Hong Kong Stock Exchange listing rules[170] - The company emphasizes the importance of good corporate governance for sustainable development and stable growth in performance, aiming to protect shareholder rights and enhance corporate value[192] - The company has adopted the new Corporate Governance Code as per the Listing Rules Appendix 14, effective from January 1, 2022, enhancing governance practices[193] - The board is committed to fostering a corporate culture aligned with the company's vision, values, and business strategy, emphasizing stakeholder importance[194] - The governance report highlights the importance of communication with shareholders and the synchronization of ESG reports with annual reports[193] - The company has confirmed compliance with the standard code for the year ending December 31, 2022, after specific inquiries to all directors and supervisors[196] Related Party Transactions - The company has complied with the disclosure requirements of the Listing Rules regarding related party transactions[141] - The total service fees paid by the group under the Engineering and Labor Service Framework Agreement for the years ending December 31, 2021, 2022, and 2023 are capped at RMB 483 million, RMB 531 million, and RMB 564 million respectively, with a total transaction amount of RMB 530 million for the year ending December 31, 2022[177] - The total service fees paid under the Property Supporting Service Framework Agreement for the years ending December 31, 2021, 2022, and 2023 are capped at RMB 276 million, RMB 427 million, and RMB 587 million respectively, with a total transaction amount of RMB 314 million for the year ending December 31, 2022[178] - The group has adhered to fair and reasonable terms in its related party transactions, ensuring alignment with shareholder interests[155] Risk Management and Compliance - The company has a focus on risk management and internal controls as part of its financial reporting and governance practices[174] - There were no significant lawsuits or arbitrations that could materially affect the financial position or operating results of the group as of December 31, 2022[146] - The auditor, KPMG, has been retained since the company's listing on November 10, 2021, with no changes in auditors[147] - The company has not made any significant investments, acquisitions, or disposals for the year ended December 31, 2022, but continues to seek new business development opportunities[124] Events After Reporting Period - The group has not experienced any significant events after December 31, 2022, that would materially impact its operations and financial performance[145]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Beijing Capital Jiaye Property Services Co., Limited 北京京城佳業物業股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份代號：2210） 截至2022年12月31日止年度 年度業績公告 財務概要 截至12月31日止年度 2022年 2021年 收入（人民幣百萬元） 1,567.2 1,224.6 毛利（人民幣百萬元） 347.3 272.6 毛利率 22.2% 22.3% 年內溢利（人民幣百萬元） 115.2 84.1 淨利率 7.4% 6.9% ...

Financial Performance - Total revenue for the six months ended June 30, 2022, was approximately RMB 665.7 million, an increase of about 15.6% compared to RMB 575.9 million for the same period in 2021[12]. - Gross profit for the same period was approximately RMB 156.6 million, representing a growth of about 10.1% from RMB 142.2 million in 2021[13]. - Profit for the period was approximately RMB 53.1 million, which is an increase of about 15.7% compared to RMB 45.9 million in 2021[13]. - The gross profit margin decreased to 23.5% from 24.7% in the previous year[12]. - Basic earnings per share for the period were RMB 0.36, down from RMB 0.41 in the previous year[12]. - The net profit margin remained stable at 8.0% for both 2022 and 2021[12]. - Operating profit increased to RMB 62,908 thousand, compared to RMB 53,479 thousand in the previous year, representing a growth of 17.5%[115]. - Net profit for the period was RMB 53,097 thousand, a rise of 15.5% from RMB 45,888 thousand in the prior year[115]. Property Management and Services - Revenue from property management services was approximately RMB 441.1 million, representing a year-on-year increase of about 16.1%[29]. - The total number of managed projects was 209, with 129 projects from the controlling shareholder and its joint ventures, and 80 projects from third parties[30]. - The company’s residential property management income was approximately RMB 223.2 million, a year-on-year increase of approximately 6.3%, accounting for about 50.6% of total property management service income[34]. - Management income from non-residential properties was approximately RMB 217.9 million, representing a year-on-year increase of approximately 28.1% and accounting for about 49.4% of total property management service income[31]. - The company added 11 new construction site management projects in the first half of 2022, bringing the total to 23 managed construction site projects[43]. - The company expanded its commercial property management by acquiring Beijing Zhuolian Property Management Co., increasing its managed area to approximately 2 million square meters[34]. Strategic Initiatives and Growth - The company aims to enhance its property service levels and expand its market presence despite challenges posed by the COVID-19 pandemic[16]. - The company is actively pursuing joint ventures and acquisitions to drive growth and improve service quality[16]. - The company aims to enhance operational efficiency through digital transformation and smart property management initiatives[21]. - The focus on regional expansion will primarily target the Beijing-Tianjin-Hebei area, utilizing a differentiated competition model[20]. - The company plans to integrate resources with potential partners to maximize operational efficiency through scale[20]. - The company is committed to integrating into national development strategies and aims to become a nationally recognized urban service provider[4]. Financial Position and Assets - Total current assets as of June 30, 2022, were approximately RMB 1,633.4 million, a growth of about 4.6% from RMB 1,561.5 million as of December 31, 2021[61]. - The company's total equity as of June 30, 2022, was approximately RMB 741.3 million, an increase of about 5.3% from RMB 704.2 million as of December 31, 2021[61]. - As of June 30, 2022, the company's prepaid expenses, accounts receivable, and other receivables amounted to approximately RMB 595.3 million, an increase of about RMB 132.8 million from RMB 462.5 million as of December 31, 2021, primarily due to an increase in managed area[64]. - The company's total liabilities were RMB 1,093,403 thousand, compared to RMB 1,025,781 thousand, indicating an increase of 6.6%[122]. - The company's cash and cash equivalents stood at RMB 1,023,699 thousand, down from RMB 1,087,296 thousand, a decrease of 5.9%[122]. Revenue Breakdown - Community value-added services revenue was approximately RMB 143.0 million, representing a growth of about 11.5% year-on-year, driven by the expansion of management scale and user growth[46]. - Heating service revenue was approximately RMB 75.6 million, accounting for 52.9% of community value-added services[47]. - Parking operation service revenue was approximately RMB 21.9 million, accounting for 15.3% of community value-added services[47]. - Catering service revenue was approximately RMB 32.6 million, accounting for 22.8% of community value-added services[50]. - Non-owner value-added services generated revenue of approximately RMB 81.6 million, a year-on-year increase of approximately 20.9%, primarily due to growth in tenant recruitment and management services[37]. Employee and Administrative Costs - Administrative expenses totaled approximately RMB 88.4 million, an increase of about 10.2% compared to RMB 80.2 million in the same period of 2021[57]. - Employee costs rose to RMB 209,095,000 in the first half of 2022, up from RMB 201,965,000 in the same period of 2021, reflecting an increase of about 3.5%[157]. - The company had 2,138 employees as of June 30, 2022, an increase from 2,051 employees as of December 31, 2021[82]. Shareholder Information - As of June 30, 2022, the total number of shares issued by the company is 146,667,200, consisting of 110,000,000 domestic shares and 36,667,200 H shares[100]. - Beijing Urban Construction Group holds a beneficial interest of 35.25% in domestic shares and 63.61% in related shares, totaling 38,779,865 and 69,973,674 shares respectively[91]. - The company’s major shareholders include Beijing Urban Construction Group, which directly holds 41.86% of the shares in Beijing Urban Construction Development[95]. Acquisitions and Investments - The company completed the acquisition of 60% equity in Zhuolian Property for RMB 7.8 million on April 29, 2022, which has been incorporated into the group's consolidated financial statements[72]. - The company established a joint venture, Jiaye Tourism (Hainan) City Service Co., Ltd., with registered capital of RMB 10 million, where the company holds 51% equity by contributing RMB 5.1 million[72]. - The cash outflow from the acquisition of Zhuolian Property, after accounting for cash acquired, was RMB 2,168,000[188]. Market Position and Industry Ranking - The company ranked 21st among the top 100 property service companies in China in 2022, improving by three positions from 2021[18]. - The revenue from Beijing Urban Construction Group and its subsidiaries accounted for 20.5% of total revenue, up from 18.1% in the previous year[152].

Financial Performance - Total revenue for 2021 reached RMB 1,224.6 million, an increase of 12.3% from RMB 1,090.6 million in 2020[20] - Gross profit for 2021 was RMB 272.6 million, with a gross margin of 22.3%, up from 20.8% in 2020[20] - Net profit attributable to shareholders for 2021 was RMB 82.8 million, representing a 43.3% increase from RMB 57.5 million in 2020[20] - The company achieved a net profit margin of 6.9% in 2021, compared to 6.3% in 2020[20] - The company achieved a revenue of approximately RMB 1,224.6 million, an increase of about 12.3% compared to the same period in 2020[52] - Gross profit was approximately RMB 272.6 million, reflecting a growth of about 20.4% year-over-year[52] - Net profit for the year reached approximately RMB 84.1 million, marking a year-on-year increase of about 22.4%[52] - Profit attributable to shareholders was approximately RMB 82.8 million, which represents a significant growth of about 43.9% compared to 2020[52] - The total revenue for the group was approximately RMB 806.9 million, up from RMB 732.9 million in 2020, reflecting a growth of about 10.1%[81] - Revenue from property management services accounted for approximately 65.9% of total revenue, amounting to RMB 806.9 million, representing a year-on-year increase of 10.1%[71] - Revenue from non-residential property management was approximately RMB 376.4 million, representing about 46.7% of total property management revenue, an increase of 8.4% compared to the same period in 2020[77] - Residential property management revenue was approximately RMB 430.4 million, accounting for about 53.3% of total property management revenue, with an increase of approximately 11.6% year-on-year[81] - Revenue from non-owner value-added services was approximately RMB 144.8 million, an increase of about 28.8% compared to 2020, primarily due to an increase in management projects[85] - Community value-added services accounted for about 22.3% of total revenue, with total revenue of approximately RMB 272.9 million, up from RMB 245.1 million in 2020[87] - Community value-added services revenue reached approximately RMB 272.9 million, growing by about 11.3% year-over-year, driven by heating services and expanded dining service scale[90] Assets and Liabilities - Total assets increased to RMB 1,831.1 million in 2021, up from RMB 1,582.2 million in 2020[20] - Cash and cash equivalents rose to RMB 1,087.3 million, compared to RMB 747.0 million in the previous year[20] - The company's equity increased to RMB 704.2 million, up from RMB 414.1 million in 2020[20] - The asset-liability ratio improved to 61.5% in 2021, down from 73.8% in 2020[20] - The company's current assets as of December 31, 2021, were approximately RMB 1,561.5 million, a growth of about 17.6% from RMB 1,327.8 million in 2020[102] - Cash and cash equivalents increased by approximately 45.5% to RMB 1,087.3 million, mainly due to funds raised from the issuance of H-shares[102] - The total equity increased by approximately 70.0% to RMB 704.2 million, driven by funds raised from H-share issuance and profits realized during the year[102] - The company maintained a debt-to-asset ratio of approximately 61.5%, a decrease of about 12.3 percentage points from 73.8% in 2020[102] - As of December 31, 2021, accounts payable and other payables were approximately RMB 732.1 million, remaining stable compared to RMB 743.1 million as of December 31, 2020[108] Strategic Initiatives and Expansion - The company aims to expand its services nationally, focusing on regional development and specialized service offerings[9] - The company successfully listed on the Hong Kong Stock Exchange in November 2021, becoming the first provincial state-owned property management company to do so[29] - The company established a new property management company in collaboration with a state-owned enterprise in Yanqing District, expanding its service offerings[32] - The company launched a self-developed management system to enhance operational efficiency, allowing for 24/7 service tracking and response[23] - The company formed a strategic cooperation framework with the People's Government of Pinggu District to explore new value-added service areas[27] - The company expanded its operational footprint to 9 provinces and cities, managing a total area of 31.6 million square meters across 190 property projects as of December 31, 2021[54] - The company aims to become a nationally recognized provider of urban services and quality living services, focusing on scale expansion, efficiency improvement, and brand building[58] - The company is actively seeking quality acquisition targets and enhancing its marketing strategies for large clients and projects[59] - The company is actively expanding its heating services, currently managing 10 heating plants with a service area of 4.1 million square meters, serving approximately 42,000 households[90] - The group actively expanded its market presence and improved service quality, enhancing its brand image through competitive bidding efforts[74] - The company is expanding its market presence, targeting three new cities for service expansion in 2022, which is anticipated to increase user base by 15%[130] - The company is actively pursuing strategic acquisitions, with plans to acquire two smaller firms by mid-2022 to enhance service capabilities and market reach[130] Governance and Management - The company was established in December 2020 and has since appointed key management personnel, including Liu Fengyuan as the chairman of the supervisory board[138] - Xu Lude, the vice general manager, has extensive experience in investment management, having worked in various roles from 1999 to 2021[148] - Li Peng, the chief accountant, has been responsible for overall financial management since the company's inception, holding qualifications as a certified public accountant since 1997[149] - The company has a strong governance structure with members holding various professional qualifications, including senior membership in ACCA and HKICPA[137] - The marketing director, Lu Hao, joined the company in April 2021 and has a background in property management and customer service[153] - Liu Fang, the employee representative supervisor, has been with the company since its establishment and has experience in office management[144] - The company has a diverse board with members having backgrounds in engineering, finance, and law, enhancing its strategic decision-making capabilities[140] - The management team includes professionals with advanced degrees and certifications, ensuring a high level of expertise in their respective fields[141] - The company has adhered to all applicable provisions of the Corporate Governance Code from the listing date to December 31, 2021[158] - The company has maintained a clear governance structure to enhance corporate governance standards and protect shareholder interests[158] - The chairman and the general manager roles are separated to ensure a balance of power and maintain independent judgment[163] - The board is responsible for formulating the group's business strategy and management direction to maximize long-term shareholder value[164] - The company has complied with the requirement of having at least one-third of the board members as independent non-executive directors[165] - The nomination committee evaluates candidates based on skills, experience, and diversity to ensure the board meets the company's business needs[169] - Each director's term is three years, with re-election required at least every three years[168] - The company has implemented a code of conduct for securities transactions by directors and supervisors, ensuring compliance since the listing date[159] - The independent non-executive directors have confirmed their independence in accordance with the relevant listing rules[165] - The board consists of 9 male directors and 0 female directors, with ages ranging from 41 to 55 years[179] - The company has committed to appoint at least one female director by November 9, 2022, to enhance gender diversity on the board[182] - The Audit Committee held one meeting during the reporting period and approved the appointment of the accounting firm for the year 2021[188] - The Remuneration and Assessment Committee also held one meeting, discussing the implementation of a management term system and contractual management[190] - The Nomination Committee did not hold any meetings during the reporting period as there were no changes in director nominations[194] - The company has established five specialized committees, including the Audit Committee and the Remuneration and Assessment Committee, to enhance governance[183] - The Audit Committee is responsible for monitoring the accuracy and completeness of financial statements and overseeing the relationship with external auditors[185] - The company aims to achieve board diversity by considering various factors such as gender, age, and professional experience[177] - The board's composition reflects a balanced mix of skills in management, marketing, law, and accounting[182] - The company emphasizes the importance of gender diversity and will actively seek suitable female candidates for board positions[182] - The Strategic Investment and ESG Committee held one meeting from the listing date until December 31, 2021, where it approved the establishment of a property management joint venture with a local enterprise and the overall development plan for the "14th Five-Year Plan" period[198] - The committee's responsibilities include researching and proposing recommendations for the company's long-term strategic planning and major investment and financing plans[196] - The Risk and Compliance Management Committee, chaired by Mr. Yang Jun, is responsible for conducting research and providing consultation on risk management and internal control systems[200] Future Outlook - The company provided a positive outlook for 2022, projecting a revenue growth of 10% to 12% based on current market trends and user acquisition strategies[130] - New product launches are expected to contribute an additional 200 million in revenue in 2022, focusing on enhanced service offerings and technology integration[130] - Investment in technology development has increased by 25% in 2021, focusing on improving operational efficiency and customer experience[130] - The company has implemented new strategies for risk management, which are expected to reduce operational costs by 5% in the upcoming fiscal year[130] - The board of directors has approved a new ESG initiative aimed at improving sustainability practices, with a budget allocation of 50 million for 2022[130]