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。 Desun Real Estate Investment Services Group Co., Ltd. 德商產投服務集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2270） 該等御璟租賃協議之最新情況 茲提述本公司日期為2022年11月4日、2023年9月5日及2025年4月30日之公告（「該 等公告」）以及本公司日期為2023年3月3日之通函（「該通函」），內容有關（其中包括） 於2022年11月4日就租賃位於中國成都市雙流區觀東三街158號6號樓之若干物業而 分別訂立之租賃協議（經日期為2023年1月4日之相關補充租賃協議及日期為2025年 4月30日之該等補充租賃協議修訂及補充）（「御璟租賃協議I」、「御璟租賃協議II」及 「御璟租賃協議III」，統稱「該等御璟租賃協議」）。除另有所指外，本公告所用詞彙 與該通函所界定者具有相同涵義。 – 1 – 成都天府與本集團之間並無訂立任何 ...

Group 1 - The company announced a capital increase agreement between its wholly-owned subsidiary, Green Property, and Bangtai Yueshang, with a cash subscription of RMB 10 million, raising the registered capital of the target company from RMB 10 million to RMB 20 million [1] - After the completion of the capital increase, both Green Property and Bangtai Yueshang will hold 50% equity in the target company, which will not become a subsidiary of the company and its financial performance will not be consolidated into the group's financial statements [1] - Bangtai Yueshang acquired a target land parcel in Chengdu for RMB 216 million and established the target company shortly after, which signed a land use rights transfer contract with the local authority [1] Group 2 - The capital increase is viewed as a significant step for the company to diversify its business and revenue streams [2] - The company aims to enhance upstream and downstream business synergy through collaboration with partners, leveraging its position as a "city asset service provider" [2]

Core Insights - The company announced a capital increase agreement involving its wholly-owned subsidiary, Green Property, and Bangtai Yueshang, with a cash subscription of RMB 10 million to increase the registered capital of Chengdu Bangtai Jincheng Real Estate from RMB 10 million to RMB 20 million [1][2] - Post-completion of the capital increase, both Green Property and Bangtai Yueshang will hold 50% equity in the target company, which will not become a subsidiary of the company and will not be consolidated into the group's financial statements [1] - Bangtai Yueshang acquired a land parcel in Chengdu for RMB 216 million and established the target company shortly after, with a land transfer payment of RMB 43.3 million already made as part of the bidding deposit [1] Group 1 - The capital increase is seen as a significant move for the group to diversify its business and revenue streams [2] - The company aims to enhance upstream and downstream business synergy through collaboration with partners, leveraging its position as a "city asset service provider" [2]

Group 1 - The company announced a capital increase agreement where its subsidiary, Green Property, will invest an additional RMB 10 million in Chengdu Bangtai Jincheng Real Estate Co., Ltd, raising the registered capital from RMB 10 million to RMB 20 million, with both parties holding 50% equity each after completion [1][2] - The target company was wholly owned by Bangtai Yueshang prior to the capital increase and will not become a subsidiary of the company, meaning its financial performance will not be consolidated into the group's financial statements [1][2] - Bangtai Yueshang acquired a land parcel in Chengdu for RMB 216,033,280 and established the target company shortly after, with a land use rights transfer contract signed with the local planning authority [1] Group 2 - The capital increase is viewed as a significant step for the group to diversify its business and revenue streams, enhancing operational synergy through collaboration with partners [2]

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。 Desun Real Estate Investment Services Group Co., Ltd. 德商產投服務集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2270） 須予披露交易 對目標公司增資 增資事項 於2025年9月24日，本公司間接全資附屬公司綠色置業與邦泰躍尚訂立增資協 議。據此，綠色置業以現金認繳目標公司新增註冊資本人民幣1,000萬元，認繳價 為人民幣1,000萬元。增資事項完成後，目標公司的註冊資本將由人民幣1,000萬 元增加至人民幣2,000萬元；綠色置業及邦泰躍尚將各自持有目標公司50%的股 權。截至本公告日期，目標公司由邦泰躍尚全資持有。增資事項完成後，目標公 司不會成為本公司的附屬公司，其財務業績將不會綜合入賬至本集團的綜合財務 報表。 上市規則之涵義 由於增資事項的一項或多項適用百分比率（定義見上市規則）超過5%但低於 25%，因此，增資事項構成本公 ...

Business Strategy and Focus - In the first half of 2025, the company aims to become a leader in China's urban asset operation industry, focusing on customer, employer, and cooperation philosophies[12]. - The company emphasizes a user-centric approach, aiming to create perceivable value for customers through tailored services and community engagement[13]. - The company is focusing on AI and digital transformation to enhance operational efficiency and service quality[18]. - The strategic focus includes deepening a multi-dimensional value ecosystem with three core product lines: integrated industrial complexes, digital economy industrial parks, and commercial residential communities[20]. - The company aims to create a user operation ecosystem that transforms "traffic" into "retention" and "users" into "assets" through online and offline integration[20]. - The company is committed to enhancing service quality and transitioning to full lifecycle asset management services in response to evolving market demands[22]. - The company plans to enhance customer loyalty through a reliable service ecosystem and create unexpected value for customers in the future[30]. - The company is focused on diversifying its business and optimizing resource allocation to enhance overall operational efficiency and reduce risks associated with regulatory changes and market competition[72]. Financial Performance - Total revenue for the first half of 2025 reached RMB 228.0 million, representing a year-on-year increase of 12.3% compared to 2024[25]. - Gross profit decreased by 23.4% to approximately RMB 47.8 million, with a gross margin of 21.0%, down 9.7 percentage points from 2024[25]. - Net profit after tax for the first half of 2025 was RMB 19.8 million, a decrease of 16.1% from RMB 23.6 million in 2024, primarily due to increased provisions for receivables[25]. - Property services revenue reached RMB 140.1 million, accounting for 61.4% of total revenue, with a year-on-year growth of 12.3% from RMB 124.7 million[27]. - Asset operation services revenue was RMB 80.1 million, making up 35.2% of total revenue, and increased by 19.8% from RMB 66.9 million year-on-year[31]. - Investment and development revenue decreased by 32.2% to RMB 7.8 million, representing 3.4% of total revenue, down from RMB 11.5 million in the previous year[34]. - The company's profit before tax decreased by RMB 5.9 million or 21.5% from RMB 27.5 million for the six months ended June 30, 2024, to RMB 21.6 million for the six months ended June 30, 2025[43]. - Net profit for the reporting period decreased by 16.1% from RMB 23.6 million for the six months ended June 30, 2024, to RMB 19.8 million for the six months ended June 30, 2025, with a net profit margin decline from 11.6% to 8.7%[45]. Operational Efficiency and Cost Management - Selling costs increased by 28.1% to RMB 180.2 million, compared to RMB 140.7 million in the same period last year, primarily due to the expansion of managed area and business scale[35]. - Administrative expenses decreased by 32.9% to RMB 20.4 million from RMB 30.4 million, attributed to digital empowerment and refined management[38]. - Trade receivables impairment losses increased to RMB 7.5 million from RMB 1.4 million, reflecting a cautious approach to provisioning[39]. - The company is focusing on optimizing resource allocation and activating business growth potential in the investment and development segment[34]. Employee and Talent Management - As of June 30, 2025, the company had 1,336 employees, an increase from 989 employees as of June 30, 2024[68]. - Employee compensation for the reporting period amounted to RMB 56.8 million, compared to RMB 51.7 million for the six months ended June 30, 2024, reflecting a year-over-year increase of approximately 6.5%[68]. - The company has adopted a share incentive plan on December 22, 2023, aimed at recognizing contributions from eligible participants and retaining talent for operational development[69]. - The company has implemented a share reward plan to attract suitable personnel for further development, with specific limits on the number of shares granted to participants[73]. Shareholder Information and Equity - At the end of the reporting period, the company had a total of 620,259,200 shares issued[82]. - Mr. Zou Kang holds 412,415,000 shares, representing approximately 66.49% of the company's equity[82]. - The board does not recommend the payment of any interim dividend for the six months ending June 30, 2025[80]. - The company has no treasury shares as of June 30, 2025, and did not purchase, sell, or redeem any listed securities during the reporting period[91]. Cash Flow and Financial Position - The company's cash and bank balances grew by RMB 43.1 million from RMB 169.1 million as of December 31, 2024, to RMB 212.2 million as of June 30, 2025[58]. - The capital-to-debt ratio as of June 30, 2025, was 28.0%, up from 3.28% as of December 31, 2024, due to increased bank loans for business development[64]. - The total assets as of June 30, 2025, were RMB 1,007,486 thousand, compared to RMB 933,277 thousand as of December 31, 2024[103]. - Cash and cash equivalents increased to RMB 212,161 thousand from RMB 169,084 thousand, representing a growth of 25.5%[103]. - The total amount of other payables and accrued expenses was RMB 170,989,000 as of June 30, 2025, slightly down from RMB 185,330,000 as of December 31, 2024, reflecting a decrease of approximately 7.7%[145]. Related Party Transactions - The company reported related party transactions for the six months ended June 30, 2025, totaling RMB 15,831,000 for property management services, an increase of 52% from RMB 10,425,000 in 2024[150]. - The trade receivables from related parties as of June 30, 2025, were RMB 67,804,000, slightly down from RMB 69,088,000 as of December 31, 2024[152]. - The total amount payable to a related party for lease liabilities was RMB 156,445,000 as of June 30, 2025, slightly down from RMB 159,230,000 at the end of 2024[158].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 德商產投服務集團有限公司 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02270 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | USD | | 0.0001 | USD | | 200,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 2,000,000,000 | USD | | 0.0001 | USD | | 200,000 | 本月底法定/註冊股本 ...

Core Insights - The company reported a revenue of RMB 228 million for the first half of 2025, representing a 12.3% increase compared to the same period in 2024 [1] - Gross profit was RMB 47.8 million, a decrease of 23.4% year-on-year, with a gross margin of 21.0%, down 9.7 percentage points from 2024 [1] - The net profit after tax was RMB 19.8 million, reflecting a 16.1% decline compared to the previous year [1] Revenue Breakdown - Property services revenue reached RMB 140 million, accounting for 61.4% of total revenue, up from RMB 125 million in 2024, marking a 12.3% year-on-year growth [1] - Asset operation services generated RMB 80.1 million, representing 35.2% of total revenue, an increase of 19.8% from RMB 66.9 million in 2024 [1] - Investment and development revenue was RMB 7.8 million, making up 3.4% of total revenue, a decrease of 32.2% from RMB 11.5 million in 2024 [1]

Group 1 - The company reported a revenue of RMB 228 million for the six months ending June 30, 2025, representing a year-on-year growth of 12.27% [1] - The profit attributable to shareholders decreased to RMB 16.699 million, a decline of 22% compared to the previous year [1] - The basic loss per share was reported at 3.02 cents [1]

Group 1 - The company reported a revenue of RMB 228 million for the six months ending June 30, 2025, representing a year-on-year increase of 12.27% [1] - Shareholders' profit attributable to the company was RMB 16.699 million, a decrease of 22% compared to the previous year [1] - The basic loss per share was 3.02 cents [1]