Financial Performance - Revenue for the year ended December 2024 was RMB 933,423,000, a decrease of 2.3% compared to RMB 955,580,000 in December 2023[15] - Gross profit decreased by 17.0% to RMB 187,601,000 from RMB 226,039,000 year-over-year[15] - Profit for the period fell by 39.7% to RMB 37,674,000, down from RMB 62,497,000 in the previous year[15] - The Group maintained a gross profit margin of 20.1%, down from 23.7% in the previous year, indicating pressure on profitability[15] - Revenue from property management services reached RMB 832.4 million, an increase of RMB 91.5 million from 2023, representing 89.2% of total revenue[71] - Revenue from residential properties was RMB 577.46 million, accounting for 69.4% of total revenue, up from 65.3% in 2023[54] - Revenue from non-residential properties decreased to RMB 254.92 million, representing 30.6% of total revenue, down from 34.7% in 2023[54] - Revenue from value-added services to non-property owners fell by 63.5% to RMB 38.7 million compared to RMB 106.09 million in 2023[55] - Community value-added services revenue decreased by 42.6% to RMB 62.4 million from RMB 108.6 million in 2023[58] - For the year ended December 31, 2024, the Group's revenue amounted to RMB 933.4 million, a decrease of 2.3% compared to RMB 955.6 million in 2023[68] Asset and Liability Management - Total assets decreased to RMB 1,341,107,000 from RMB 1,424,649,000, reflecting a decline in overall asset value[15] - Total liabilities slightly decreased to RMB 650,874,000 from RMB 665,616,000, indicating improved liability management[15] - Cash and bank balance decreased to RMB 202,181,000 from RMB 229,728,000, showing a reduction in liquidity[15] - As of December 31, 2024, trade and other receivables and prepayments amounted to RMB 1,077.4 million, a decrease of RMB 72.8 million compared to RMB 1,150.3 million as of December 31, 2023[98] - Trade payables decreased by 5.0% to RMB 409.2 million as of December 31, 2024, from RMB 430.7 million as of December 31, 2023, due to reduced operational scale[105] - Cash and cash equivalents decreased by 12.0% to RMB 202.2 million as of December 31, 2024, from RMB 229.7 million as of December 31, 2023[107] Operational Strategy and Development - The Group focused on high-quality development by optimizing operational quality and withdrawing from low-efficiency projects[19] - The Group implemented a flatter management structure and project group management, enhancing on-site service response efficiency and aligning daily operations with comprehensive budget targets, particularly in cash flow management[22] - The Group aims to create a low-carbon service ecosystem by integrating energy-saving technologies and deploying distributed photovoltaic applications in commercial projects[29] - The Group's future strategy emphasizes embracing technological innovation to remain competitive in the evolving property service industry[31] - The Group is focusing on service product innovation in the commercial sector, including the development of a new service model for digital cultural parks and customized services for cultural enterprises[26] Employee Management and Development - The company is committed to providing competitive salary packages and comprehensive social insurance coverage for employees in accordance with PRC laws[136] - The Group has implemented a systematic review of the remuneration policy to align with market conditions and business development, ensuring competitive compensation for employees[137] - A regular performance evaluation system is in place, assessing employee performance annually, quarterly, and monthly, with results directly impacting compensation adjustments and promotions[139] - The Group emphasizes employee training and development, establishing a clear promotion mechanism and diverse career development platforms, including online and offline training methods[140] - The Group's strategic focus includes cultivating core talents and empowering professionalism through targeted training initiatives[140] Leadership and Governance - The Group's leadership includes experienced professionals with extensive backgrounds in real estate and property management, enhancing strategic decision-making capabilities[142][149] - The company has a strong leadership team with members holding significant qualifications and experience in their respective fields, enhancing its operational capabilities[153] - The Group emphasizes the importance of independent directors in ensuring effective governance and management oversight[175] - The management team is committed to maintaining high standards of operational efficiency and strategic growth[186] Market Position and Competition - The Group was recognized as one of the "TOP 100 Property Management Companies in China" for the 11th consecutive year, moving up to the 20th place[19] - The company expanded its geographical presence to 39 cities in China by the end of 2024, focusing on first-tier and second-tier cities to enhance competitive strength in the property industry[47] - The company experienced intensified market competition, which contributed to the slight reduction in GFA under management[39] Project Management and Acquisitions - The company agreed to acquire a 24.0% stake in Hangzhou Xiangyu Property Management Co., Ltd. for RMB 7.37 million and an 8.0% stake for RMB 2.46 million, with the transactions not yet completed as of December 31, 2024[120] - The company conditionally agreed to acquire 100% equity interest in Deqing Moganshan Ruijing Real Estate Co., Ltd. for RMB 90 million, with the principal asset being Moganshan Yungu Dexin New Century Mingting Hotel[122] - The company entered into agreements to transfer parking space usage rights for a total consideration of RMB 211.43 million, with specific amounts for each agreement being RMB 52.83 million, RMB 21.45 million, RMB 17.16 million, and RMB 120 million[121] Community and Value-Added Services - The community value-added services offered included smart community solutions and home decoration services, aimed at enhancing customer satisfaction and loyalty[38] - The "Companion with Passion" quality improvement campaign created vibrant community spaces, leading to multiple recognitions for property management excellence in Hangzhou and Zhejiang Province[23] - Revenue from community retail and home services decreased to RMB 20.2 million, down by RMB 8.6 million from RMB 28.8 million in 2023[65]

Financial Performance - For the year ended December 31, 2024, revenue was RMB 933.4 million, a decrease of 2.3% compared to 2023[2]. - Gross profit for the year was RMB 187.6 million, down 17.0% from 2023, resulting in a gross margin of 20.1%, a decline of 3.6%[2]. - Profit for the year was RMB 37.7 million, representing a significant decrease of 39.7% compared to the previous year[2]. - Basic earnings per share for the year were RMB 0.042, down 35.4% from RMB 0.065 in 2023[2]. - Total revenue for the group decreased to RMB 933,423,000 in 2024 from RMB 955,580,000 in 2023, a decline of about 2.3%[16]. - The group reported a basic earnings per share of approximately RMB 0.042 (RMB 38,473,000 profit) in 2024, down from RMB 0.065 (RMB 61,767,000 profit) in 2023, reflecting a decline of about 35.4%[26]. - The group's net profit for the reporting period was RMB 37.7 million, a decline of 39.7% from RMB 62.5 million in 2023, with a net profit margin of 4.0%, down 2.5% from the previous year[77]. Revenue Sources - Revenue from property management services increased to RMB 832,370,000 in 2024 from RMB 740,845,000 in 2023, representing a growth of approximately 12.3%[14]. - Property management services remained the largest revenue source, contributing RMB 832.4 million, a 12.3% increase from RMB 740.8 million in 2023[64]. - Non-owner value-added services revenue decreased by 63.5% to RMB 38.7 million compared to RMB 106.1 million in 2023, attributed to ongoing negative sentiment in the real estate industry[56]. - Community value-added services revenue fell by 42.6% to RMB 62.4 million from RMB 108.6 million in 2023[58]. - The property management service revenue is primarily generated from independent third-party property developers, accounting for approximately 48.9% of total revenue, with a managed area of about 20.6 million square meters[49]. Assets and Liabilities - Total assets less current liabilities amounted to RMB 700.2 million, down from RMB 769.1 million in 2023[6]. - The net asset value as of December 31, 2024, was RMB 690.2 million, compared to RMB 759.0 million in 2023[6]. - Trade receivables from related parties increased to RMB 111,014,000 in 2024 from RMB 95,968,000 in 2023, a rise of about 15.7%[27]. - The group's trade receivables net of impairment provisions amounted to RMB 430,135,000 in 2024, an increase from RMB 378,971,000 in 2023, representing a growth of about 13.5%[27]. - Trade payables total RMB 195,442,000 in 2024, compared to RMB 178,551,000 in 2023, with a notable increase in third-party payables[29]. Dividends and Share Repurchase - The board of directors did not recommend the payment of a final dividend for the year ended December 31, 2024[2]. - The group did not declare or recommend any dividends for the year ending December 31, 2024, consistent with 2023[25]. - The company has repurchased a total of 54,745,000 shares at a total cost of HKD 98,800,500 for the year ending December 31, 2024[104]. - The board does not recommend a final dividend for the year ending December 31, 2024, consistent with the previous year[101]. Operational Efficiency and Management - The group has implemented a flat and efficient management structure, enhancing project management and resource sharing among neighboring projects[40]. - The group has developed an information management tool to improve operational efficiency and decision-making processes[41]. - The company has implemented significant organizational changes in 2024, optimizing its structure and enhancing decision-making efficiency through a flatter management model[91]. - The company plans to utilize unspent proceeds for business expansion, diversification of services, and investment in information technology and internal management systems[97]. Market Position and Strategy - The group was ranked 20th among the top 100 property service companies in China, maintaining a stable management scale despite external challenges[39]. - The company aims to integrate AI technology into service scenarios, enhancing decision-making processes and internal management efficiency[44]. - The company is cautiously expanding its market share due to market uncertainties and is seeking suitable acquisition opportunities to complement its business strategy[99]. - The company has expanded its geographical distribution to 39 cities in China as of December 31, 2024, enhancing its competitiveness in property management[51]. Employee and Training - The total number of employees as of December 31, 2024, is 2,465, down from 2,942 on December 31, 2023, with a gender distribution of 1,262 males (51.2%) and 1,203 females (48.8%)[91]. - Total employee costs for the year 2024 amounted to RMB 284.0 million[91]. - The training and development system includes various training formats such as online, offline, and blended learning, aimed at enhancing employee skills and career growth[93]. Compliance and Governance - The company has complied with all applicable corporate governance codes during the year ending December 31, 2024[106]. - The audit committee, composed of three independent non-executive directors, has reviewed the financial statements and confirmed compliance with applicable accounting principles[108]. - The company will issue its annual report containing all relevant information as required by the listing rules[110].

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，並明確表示概不會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之任何損失承擔任何責任。 Dexin Services Group Limited 德信服務集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2215） 有關2023年報之補充公告 貸款人使用本公司之2021年未動用所得款項淨額向借款人提供貸款。本公司確保本 集團有足夠的經營現金流量，並確保抵押資產的價值超過貸款的未償還本金額（至 少以半年為基準），並有權根據貸款協議要求借款人將額外資產納入抵押資產，以 確保本集團的資金得到足額擔保。 茲提述德信服務集團有限公司（「本公司」）刊發的截至2023年12月31日止年度之年報 （「2023年報」）。除另有界定外，本公告所用詞彙與2023年報所界定者具有相同涵 義。 本公司謹此進一步提供以下資料： 進行貸款的理由及裨益 於2022年，本地及全球經濟持續波動，中國新落成物業公寓數目呈下降趨勢，中國 物業發展行業面臨重大不確定性，而中國利率持續下降。在該不確定的宏觀經濟環 境下，本 ...

DoThink®信息服务 股份代号: 2215.HK = Dexin Services Group Limited 德 信 服 务 集 团 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號 : 2215 2024 INTERIM REPORT 中期報告 | --- | --- | --- | |---------|-------|-----------------------------------------------------------------------------------------------------------------| | | | | | 錄 | 2 | Corporate Information 公司資料 | | 目 | 5 | Financial Highlights 財務摘要 | | | 6 | Chairman's Statement 主席報告 | | | 9 | Management Discussion and ...

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，並明確表示概不會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之任何損失承擔任何責任。 Dexin Services Group Limited 德信服務集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2215） 截至2024年6月30日止六個月 的中期業績公告 | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 財務摘要 | | • | 截至 2024 年 6 月 30 日止六個月（「 報告期間 」）的收入約為人民幣 473.2 百萬元，較 2023 年同期約為人民幣 458.0 百萬元（「 2023 年中期 」）上漲 3.3% 。 | | • | 報告期間 ...

Revenue Performance - Revenue from community resources value-added services decreased by 32.1% to RMB108.6 million in 2023 compared to RMB160.0 million in 2022[1][2] - Revenue from value-added services to non-property owners decreased by 43.9% to RMB106.1 million in 2023[8] - Revenue from property-based services increased by 21.5% to RMB740.8 million in 2023 compared to the previous year[16] - Revenue from properties developed by independent third-parties accounted for 50.9% of total revenue in 2023, generating RMB377.4 million[12] - Revenue from preliminary planning and design consultancy services decreased to RMB 61.465 million in 2023, down from RMB 114.191 million in 2022, with a revenue share of 57.9%[28] - Property inspection and repair services revenue increased to RMB 37.614 million in 2023, up from RMB 48.762 million in 2022, with a revenue share of 35.5%[28] - Commercial consulting services revenue significantly dropped to RMB 94,000 in 2023 from RMB 17.041 million in 2022, with a revenue share of only 0.1%[28] - Revenue from smart community solutions decreased to RMB11.1 million in 2023, down from RMB28.8 million in 2022, a reduction of RMB17.7 million[70] - Total revenue from property management services and value-added services reached RMB955.58 million in 2023, with property management services accounting for 77.5% of the total revenue[72] - Revenue from property sales and assistance services decreased to RMB9.7 million in 2023, down by RMB16.3 million from RMB26.0 million in 2022[85] - Revenue from community retail and home service decreased to RMB28.8 million in 2023, down by RMB7.3 million from RMB36.1 million in 2022[86] - Group revenue for 2023 was RMB955.6 million, a 0.3% decrease from RMB958.6 million in 2022[87] - Property management service revenue increased to RMB740.8 million in 2023, up by RMB131.1 million from 2022[90] - Revenue from community resources value-added services increased to RMB31.6 million in 2023, up by RMB0.7 million from RMB30.9 million in 2022[93] - Non-property owner value-added services revenue decreased by 43.9% to RMB106.1 million in 2023[97] - Smart community solutions revenue decreased to RMB11.1 million in 2023, down by RMB17.7 million from RMB28.8 million in 2022[100] Financial Performance - Total assets increased to RMB1,424.6 million in 2023 from RMB1,314.9 million in 2022, while total liabilities rose to RMB665.6 million from RMB533.7 million[6] - Gross profit for 2023 was RMB 226.039 million, a decrease of 16.7% year-on-year[47] - Profit for the period was RMB 62.497 million, a decrease of 50.0% year-on-year[47] - Gross profit margin declined to 23.7% in 2023 from 28.3% in 2022, while net profit margin dropped to 6.5% from 13.0%[75] - Gross profit margin decreased by 4.7% in 2023, primarily due to lower average property management fees and cost control challenges[91] Property Management and GFA - Total gross floor area (GFA) under management increased by 13.6% to 39.2 million sq.m. in 2023 from 34.5 million sq.m. in 2022[9] - The company managed 161 properties developed by independent third-party developers, with a total GFA of approximately 21.8 million sq.m. as of December 31, 2023[10] - The company's total GFA under management reached approximately 39.2 million sq.m. in 2023, representing a 13.6% increase from 34.5 million sq.m. in 2022[27] - The company managed 161 properties developed by independent third-party developers, with a total GFA of approximately 21.8 million sq.m. as of December 31, 2023[30] - The company's contracted GFA at the end of 2023 was 44.702 million sq.m., with 333 contracted projects and 297 projects under management[30] - The company's GFA under management at the end of 2023 was 39.243 million sq.m., reflecting a net increase of 4.7 million sq.m. from 2022[30] - The Group's GFA under management reached 39.2 million sq.m., with a contracted GFA of 44.7 million sq.m. as of 31 December 2023[51] - Total property management contracted GFA decreased to 44,702,000 sq.m. in 2023 from 48,698,000 sq.m. in 2022, and total property management GFA under management increased to 39,243,000 sq.m. from 34,543,000 sq.m.[75] - Residential properties accounted for 65.3% of the total GFA under management in 2023, while non-residential properties accounted for 34.7%[96] Regional and Market Focus - The Zhejiang Province and Yangtze River Delta Region contributed 73.1% of total revenue, amounting to RMB541.4 million in 2023[14] - The company plans to focus on regional market cultivation, intelligent scene creation, and innovative service systems (AM, PM, IFM) to rebuild values[21] - The company aims to continue exploring service boundaries and become a creator of opportunities for service aesthetics and a builder of smart construction scenes[21] - The company's property management services expanded to 40 cities across China by the end of 2023[31] - The company's portfolio includes a diverse range of non-residential properties such as commercial complexes, office buildings, schools, hospitals, industrial parks, and municipal facilities[32] - The company expanded its geographic presence to 40 cities in China by the end of 2023[95] Strategic Vision and Service Quality - The Group's strategic vision is to be a "better life service provider," integrating basic property services with livelihood services[51] - The Group's service quality was recognized with a high-quality service certificate from the Asian Games Organising Committee[49] - The Group's operational efficiency and service-centric approach contributed to maintaining its leading position in the East China property service market[49] - The company was awarded the title of "Red Property" in Zhejiang Province and recognized for several projects as provincial-grade garden residential communities and municipal-grade property management demonstration communities[77] Share Repurchase and Financial Management - The company repurchased 33,453,000 shares for a total consideration of HKD93,204,500 in 2023, all of which were subsequently canceled[80] - The company repurchased 8,253,000 shares in April 2023 at a total consideration of HKD 24,021,700, with the highest price per share paid at HKD 2.94 and the lowest at HKD 2.74[135] - The company repurchased 12,877,000 shares in May 2023 at a total consideration of HKD 36,375,660, with the highest price per share paid at HKD 2.87 and the lowest at HKD 2.69[135] - The company repurchased 12,323,000 shares in July 2023 at a total consideration of HKD 32,807,140, with the highest price per share paid at HKD 2.70 and the lowest at HKD 2.60[135] - The company's loan receivables under non-current assets decreased from RMB 315,000 thousand in 2022 to RMB 0 in 2023[140] - The company's total unutilized net proceeds as of 31 December 2023 amounted to HKD 152.0 million, with an expected utilization timeline extended to December 2024[144] - The company allocated HKD 12.7 million for improving human resource management and enhancing corporate culture, with HKD 7.8 million still unutilized as of 31 December 2023[144] - The company allocated HKD 7.5 million for working capital and other general corporate purposes, with HKD 0.0 million still unutilized as of 31 December 2023[144] - Net proceeds from the listing amounted to HK$763.5 million, with 65.0% (approximately HK$496.0 million) originally intended for business expansion and market share increase[159] - Unutilised net proceeds of HK$426.6 million are being deployed as a loan secured by Charged Assets with an appraised market value of approximately RMB630 million[159] - The expected timetable for utilisation of all net proceeds has been extended to December 2024 or earlier[159] Taxation and Financial Risks - Income tax provision for operations in Mainland China is calculated based on applicable tax rates and existing legislation[161][163] - Dividends distributed from PRC companies to foreign investors are subject to a 10% withholding income tax, with a potential lower rate of 5% under certain conditions[162] - The Group has not accrued any withholding income tax for undistributed earnings of its subsidiaries in Mainland China as there is no plan to distribute these earnings[162] - The Group's major non-RMB assets as of 31 December 2023 include cash and cash equivalents denominated in Hong Kong dollars amounting to RMB 1.59 million and in US dollars amounting to RMB 0.02 million[172] - The Group faces principal risks including uncertainty in securing new or renewing property management service agreements, potential difficulties in integrating acquired operations, and risks related to rising raw material prices and labor costs[172] - The Group's financial risk is primarily due to foreign exchange rate risk, as the majority of its operations are conducted in the PRC and denominated in Renminbi[172] - The Group does not currently have a foreign currency hedging policy but manages its foreign exchange risk by closely monitoring exchange rate movements[172] Corporate Governance and Leadership - Mr. Hu, with over 25 years of experience in the PRC real estate industry, has been the director and chairman of Dexin Real Estate Group Co., Ltd. since its establishment in September 1995[119] - Mr. Tang Junjie, appointed as executive Director and president on 31 December 2020, is responsible for the formulation and implementation of the business strategy, annual operation planning, and financial planning of the Group[121] - Ms. Zheng Peng, appointed as the executive director since 14 April 2023, has over 17 years of experience in accounting and financial management and is responsible for the Group's financial management affairs[122] - The company emphasizes talent management, focusing on high standards, reasonable quantity control, and high resilience in talent selection[117] - Ms. Zhao Lixiang was appointed as the chief human resources officer in June 2013, responsible for human resources and administration affairs[130] - Ms. Zhao Lixiang has over 21 years of experience in human resources and administration, including roles at various companies such as Huasheng Construction Group and Zhejiang Jinke Daily Chemical Raw Materials Co., Ltd.[131] - Mr. Wu Zhexiao joined the Group in March 2021 as the general manager of the investment development center, responsible for market strategic planning and capital market operations[132] - Mr. Wu Zhexiao previously served as the manager of the investment and development department at Dehua Tubao New Decoration Material Co., Ltd. from July 2010 to August 2012[132] - Mr. Wu Zhexiao served as the secretary of the board of directors at Zhejiang Hongwei Supply Chain Group Co., Ltd. from September 2012 to February 2017[132] - Mr. Wu Zhexiao was appointed as the chairman of Hangzhou Sier Technology Co., Ltd. in October 2023[132] - Mr. Wu Zhexiao holds a Bachelor's degree in Finance from Jiangxi Normal University, obtained in 2010[132] - Mr. Rui served as an independent director for COSCO Shipping Energy Transportation Co., Ltd. from June 2015 to June 2021[126] - Mr. Rui served as an independent director for Shang Gong Group Co., Ltd. from April 2017 to May 2023[126] - Mr. Rui has been serving as an independent non-executive director and chairman of the audit committee for China Education Group Holdings Limited since August 2017[126] Share Option Scheme and AGM - The Share Option Scheme remains in force for 10 years from 15 July 2021, with options granted having a 10-year exercise period[182] - No options were granted, exercised, cancelled, or lapsed under the Share Option Scheme during the reporting period and up to the date of the annual report[183] - The 2023 Annual General Meeting is scheduled to be held on 29 May 2024, with the notice and related documents to be issued and sent to shareholders in April 2024[185] - The Group's directors and senior management compensation is determined by the Board based on recommendations from the Remuneration Committee[188] - No other payments were made or are payable by the Group to or on behalf of any of the Directors for the year ended 31 December 2023, except as disclosed in the annual report[190] Loans and Financial Agreements - Outstanding loan to a third party with a principal amount of RMB315,000,000 as of 31 December 2023[193] - The loan is secured by car parking spaces with an appraised value of approximately RMB630 million[193] - Annual interest rate for the loan ranges from 5% to 8%[193] - The loan is repayable by December 2024[193] - The borrower is Hangzhou Ruiyang Supply Chain Management Co., Ltd., a business partner of the company[193] - The lender is Shanghai Xuquan Trading Co., Ltd., an indirect wholly-owned subsidiary of the company[193] - The annual cap for property management and related services under the Dexin China Property Management and Related Services Master Agreement was RMB108.4 million for the year ended 31 December 2023[199] - The initial term of the Dexin China Property Management and Related Services Master Agreement was from the listing date to 31 December 2023, with the possibility of extension by mutual agreement[199]

Financial Performance - For the year ended December 31, 2023, revenue was RMB 955.6 million, a decrease of 0.3% compared to 2022[2] - Gross profit for the same period was RMB 226.0 million, down 16.7% from 2022, resulting in a gross margin of 23.7%, a decline of 4.7%[2] - Profit for the year was RMB 62.5 million, representing a 50.0% decrease compared to 2022[2] - Basic earnings per share for the year were RMB 0.065, down 46.7% from the previous year[2] - Total revenue for 2023 was RMB 955,580 thousand, a slight decrease from RMB 958,597 thousand in 2022, representing a decline of approximately 0.2%[28] - Gross profit decreased to RMB 226,039 thousand in 2023 from RMB 271,374 thousand in 2022, reflecting a decline of about 16.7%[28] - Operating profit for 2023 was RMB 65,407 thousand, down from RMB 153,867 thousand in 2022, indicating a decrease of approximately 57.5%[28] - Net profit for the year was RMB 62,497 thousand, compared to RMB 125,060 thousand in 2022, a decline of around 50%[28] - Basic and diluted earnings per share decreased to RMB 0.065 in 2023 from RMB 0.122 in 2022, a drop of approximately 46.7%[28] Revenue Breakdown - Revenue from property management services was RMB 740.8 million, up from RMB 609.7 million in 2022[15] - Revenue from community value-added services was RMB 108.6 million, down from RMB 159.9 million in 2022[15] - Revenue recognized over time was RMB 911.1 million, an increase from RMB 850.0 million in 2022[16] - The property management service revenue accounted for 23.4% of total revenue, down from 25.1% in 2022, reflecting a decrease of 1.7%[113] - The non-owner value-added services revenue decreased significantly to RMB 106.1 million, representing a 43.7% decline from RMB 188.978 million in 2022[106] - The company's community value-added services include smart community solutions and property sales services, contributing to its diversified service offerings[99] - The revenue from community retail and home services reached RMB 28.8 million, down from RMB 36.1 million in the previous year, indicating a need for adaptation to changing customer demands[135] Assets and Liabilities - Non-current assets increased to RMB 29,299 thousand in 2023 from RMB 340,393 thousand in 2022, a significant decrease of about 91.4%[29] - Current assets rose to RMB 1,395,350 thousand in 2023, up from RMB 974,496 thousand in 2022, representing an increase of approximately 43.3%[29] - Total liabilities increased to RMB 655,599 thousand in 2023 from RMB 532,667 thousand in 2022, reflecting an increase of about 23.1%[29] - Trade receivables as of December 31, 2023, amounted to RMB 417,110,000, an increase from RMB 370,287,000 in 2022[79] - The company reported trade payables of RMB 178,551,000 for 2023, compared to RMB 120,951,000 in 2022, reflecting a significant increase[81] - The company’s other payables increased to RMB 430,744,000 in 2023 from RMB 329,246,000 in 2022[81] Shareholder Actions - The board did not recommend any final dividend for the year ended December 31, 2023[2] - The company repurchased a total of 46,090,000 shares for approximately RMB 119.9 million, with 37,990,000 shares canceled as of December 31, 2022[57] - The company did not declare or recommend any dividends for the year ended December 31, 2023, consistent with 2022[75] - The total number of shares repurchased from April to July 2023 was 33,453,000, with a total cost of HKD 93,204,500[197] Strategic Initiatives - The company aims to enhance customer satisfaction through diversified business development and integration of basic property services with owner services[69] - The company emphasizes a commitment to customer-centric development and operational efficiency amidst industry changes[67] - The company has established a comprehensive service development model, transitioning from basic property services to modernized full-industry chain services[69] - The company plans to leverage technology and innovation to drive high-quality development and improve service efficiency in the coming year[122] - The company aims to expand its service offerings through innovative solutions in smart community management, with a focus on enhancing customer experience[133] Market Position and Recognition - The company was recognized as the 22nd among the "Top 100 Property Service Enterprises in China" by the China Index Academy, reflecting its leading position in the East China property service market[118] - The company has been recognized with the title of "Red Property" in Zhejiang Province, enhancing its brand reputation and community engagement[126] Employee and Operational Metrics - The group has 2,942 employees as of December 31, 2023, compared to 2,815 employees as of December 31, 2022, with employee costs approximately RMB 301.3 million for the year[186] - The group aims to enhance organizational efficiency and talent development through a structured training program and a focus on high-performance organization building[188]

Financial Performance - For the six months ended June 30, 2023, the company recognized a net other gain of RMB 510,000 compared to RMB 1,323,000 in the same period of 2022, indicating a decrease of approximately 61.4%[1] - Finance income for the period was RMB 12,142,000, an increase of 35.5% from RMB 8,955,000 in the previous year[2] - The company reported finance costs of RMB 1,198,000, up from RMB 783,000, representing an increase of 53.0%[2] - Revenue for the first half of 2023 was approximately RMB 458.0 million, a decrease of 5.6% compared to RMB 485.1 million in the same period of 2022[71] - The net profit margin attributable to the owners of the Company was 13.8%, down from 17.6% in the previous year[56] - The gross profit margin for the first half of 2023 was 28.2%, compared to 31.8% in the same period of 2022[56] - Profit for the period attributable to owners of the company was RMB 63.0 million, representing a decline of 28.6% from RMB 88.6 million in the previous year[83] - Gross profit for the reporting period was RMB 129.2 million, down 16.2% from RMB 154.1 million in the prior year[83] Assets and Liabilities - Total assets increased to RMB 1,376,051,000 as of June 30, 2023, compared to RMB 1,314,889,000 as of December 31, 2022, representing a growth of approximately 4.7%[46] - Total liabilities rose to RMB 584,935,000 as of June 30, 2023, up from RMB 533,693,000 as of December 31, 2022, indicating an increase of about 9.6%[46] - Cash and bank balance decreased to RMB 196,820,000 as of June 30, 2023, from RMB 209,855,000 as of December 31, 2022, reflecting a decline of approximately 6.2%[46] - Trade receivables from third parties amounted to RMB 316,366,000, an increase of 22.3% from RMB 258,777,000 as of December 31, 2022[11] - The total amount of trade and other receivables and prepayments as of June 30, 2023, was RMB 836,040,000, compared to RMB 756,692,000 at the end of 2022, reflecting an increase of 10.5%[11] Operational Efficiency - The company is focused on maintaining its market position and exploring new strategies for growth in the upcoming periods[40] - The management is optimistic about future performance and is committed to enhancing operational efficiency and expanding market reach[40] - The management strategy focuses on refining headquarters, strengthening regional operations, and consolidating projects to improve efficiency[58] - The company aims to enhance the quality of fundamental property management services and improve operational efficiency through refined management practices[91][94] Revenue Streams - Revenue from property management services amounted to approximately RMB 341.8 million, an increase of 19.9% compared to RMB 285.2 million in the 2022 Interim Period[73] - Revenue from value-added services to non-property owners was approximately RMB 59.8 million, representing a decrease of 40.7% compared to the 2022 Interim Period due to reduced demand from co-developers[107] - Revenue from community value-added services was approximately RMB 56.4 million, a decrease of 43.1% from approximately RMB 99.1 million in the 2022 Interim Period, primarily due to reduced service demand from property owners[109] Employee and Related Party Transactions - Salaries and other short-term employee benefits amounted to RMB 2,878,000 for the six months ended June 30, 2023, compared to RMB 2,250,000 for the same period in 2022, representing an increase of approximately 28%[34] - Significant transactions with related parties included RMB 68,275,000 with Dexin China Group and its joint ventures and associates for the six months ended June 30, 2023, down from RMB 111,852,000 in the same period of 2022, a decrease of about 38.8%[35] Future Outlook - The company aims to strengthen brand recognition and enhance user stickiness through community governance initiatives[67] - The company plans to penetrate the Yangtze River Delta region and focus on high-quality urban projects to drive future growth[64] - The company has secured new business segments, including integrated facility management (IFM) and urban services, enhancing its service offerings[57] Miscellaneous - The consolidated financial statements were approved by the Board of Directors on August 21, 2023[28] - The Group did not declare an interim dividend for the six months ended June 30, 2023, consistent with the previous year[181] - The total number of employees decreased to 2,592 as of June 30, 2023, from 2,815 as of December 31, 2022[175] - There were no significant events after the end of the reporting period, aside from disclosures in the financial statements[200]

Financial Performance - The revenue for the six months ended June 30, 2023, was approximately RMB 458.0 million, a decrease of 5.6% compared to RMB 485.1 million for the same period in 2022[28]. - The gross profit for the reporting period was approximately RMB 129.2 million, down 16.2% from RMB 154.1 million in the mid-2022 period[28]. - The gross profit margin for the reporting period was 28.2%, a decline of 3.6% from 31.8% in the mid-2022 period[28]. - The profit for the reporting period was approximately RMB 63.3 million, a decrease of 28.6% compared to RMB 88.6 million in the mid-2022 period[28]. - Operating profit for the reporting period was RMB 69.2 million, down from RMB 104.7 million in the mid-2022 period[7]. - The total comprehensive income for the period was RMB 63.3 million, compared to RMB 88.6 million in the mid-2022 period[9]. - The net profit attributable to the company's owners for the reporting period was approximately RMB 63.0 million, down from RMB 85.4 million in 2022[74]. - The basic and diluted earnings per share for the reporting period were RMB 0.065, down from RMB 0.084 in mid-2022[130]. - The company recorded a net profit of approximately RMB 63.3 million for the reporting period, a decrease of 28.6% compared to RMB 88.6 million in the same period last year, with a net profit margin of 13.8%, down from 18.3%[154]. Revenue Breakdown - Revenue from property management services was RMB 341,844,000, up 20% from RMB 285,191,000 in the previous year[40]. - Revenue from non-owner value-added services decreased to RMB 59,801,000, down 40.7% from RMB 100,842,000 in 2022[40]. - Revenue from community value-added services also decreased to RMB 56,377,000, down 43% from RMB 99,115,000 in 2022[40]. - Revenue from property management services reached RMB 341.8 million, accounting for 74.6% of total revenue, while community value-added services revenue fell by 43.1% to approximately RMB 56.4 million[117][123]. Expenses and Liabilities - Sales and marketing expenses increased by 16.3% to approximately RMB 8.1 million during the reporting period, compared to approximately RMB 7.0 million in the mid-2022 period[1]. - The group’s administrative expenses decreased by 14.6% to approximately RMB 50.1 million from RMB 58.7 million in mid-2022, due to organizational adjustments and personnel optimization[128]. - Current liabilities increased to RMB 584,395,000, up 9.7% from RMB 532,667,000 at the end of 2022[33]. - Trade and other payables increased by 8.2% to RMB 356.1 million as of June 30, 2023, compared to RMB 329.2 million as of December 31, 2022, driven by business expansion and service growth[158]. Assets and Financial Position - Total current assets as of June 30, 2023, were RMB 1,039,637,000, an increase of 6.7% from RMB 974,496,000 at the end of 2022[33]. - The net current asset value was RMB 455,242,000, an increase of 3% from RMB 441,829,000 at the end of 2022[33]. - As of June 30, 2023, cash and cash equivalents amounted to RMB 196.8 million, a decrease of 6.2% from RMB 209.9 million as of December 31, 2022[108]. - Trade and other receivables and prepayments grew by 10.5% to RMB 836.0 million as of June 30, 2023, compared to RMB 756.7 million as of December 31, 2022, driven by business expansion[109]. Share Repurchase and Dividends - The company repurchased a total of 21,130,000 shares of its ordinary shares on the stock exchange, with a total payment of approximately RMB 53.3 million[60]. - The company did not declare any dividends during the reporting period[50]. - The company announced that no dividend would be declared for the mid-term reporting period, consistent with the mid-2022 period[28]. - The company announced no dividend payment for the interim period, consistent with the previous year[147]. Strategic Focus and Development - The company has implemented a management mechanism focusing on "empowering headquarters, strengthening regions, and solidifying projects" to enhance operational efficiency[63]. - The company has emphasized the importance of service quality in property management and is focusing on enhancing service density and value[65]. - The company has maintained a strategic focus on high-quality development rather than merely scaling operations[64]. - The company plans to continue exploring development paths that align with its unique characteristics while balancing management scale and service quality[64]. - The company plans to continue diversifying its property management portfolio and expanding its customer base by providing quality services for both residential and non-residential properties[95]. Market Position and Recognition - The company was recognized as one of the "Top 5 Stable Operating Listed Property Companies in China" and ranked 22nd among the top 100 property companies in China for ten consecutive years[83]. - The company expanded its geographical distribution to 41 cities in China as of June 30, 2023, focusing on increasing managed area and revenue in core cities outside Zhejiang and the Yangtze River Delta[93]. Operational Metrics - As of June 30, 2023, the managed area was approximately 36.2 million square meters, an increase of about 11.0% from approximately 32.6 million square meters as of June 30, 2022[28]. - The total managed area reached 36.23 million square meters as of June 30, 2023, reflecting an 11.0% year-on-year growth[111]. - The company reported a total of 326 signed projects with a managed area of 44,191 thousand square meters as of June 30, 2023[91].

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，並明確表示概不會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之任何損失承擔任何責任。 Dexin Services Group Limited 德信服務集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2215） 茲提述德信服務集團有限公司（「本公司」）於2023年4月24日刊發的截至2022年12月 31日止年度之年報（「2022年報」）。除另有界定外，本公告所用詞彙與2022年報所界 定者具有相同涵義。 進行貸款的理由及裨益 杭州瑞揚曾經為本公司的業務夥伴及獨立第三方。杭州瑞揚已接洽本集團，要求為 其營運提供財務支持，並表示願與本集團就若干商業房地產項目進行合作。經董事 會評估杭州瑞揚償還貸款的能力以及物業估值師所報告的抵押資產的可得性及其價 值後，其認為杭州瑞揚無法履行其貸款償還責任的財務及信用風險較低且可控。本 集團亦可能與杭州瑞揚取得更多業務合作機會。 貸款人使用本公司之2021年未動用所得款項淨額向借款人提供貸款。本公司確保本 集團有足夠的經營現金流，並確保抵押資產 ...