Financial Performance - The company reported a revenue of HKD 500 million for the first half of 2024, representing a 15% increase compared to the same period last year[1]. - The company expects a revenue guidance of HKD 1 billion for the full year 2024, reflecting a projected growth of 10%[1]. - The company recorded revenue of approximately RMB 203.1 million for the six months ended June 30, 2024, representing a 36.5% increase compared to RMB 148.8 million in the same period of 2023[9]. - Gross profit for the same period was approximately RMB 62.4 million, up 38.1% year-on-year, with a gross margin of 30.7%, an increase of 0.3 percentage points from the previous year[9]. - The company achieved a net profit of approximately RMB 23.6 million, a 29.7% increase from RMB 18.2 million in the same period of 2023[9]. - The company reported a profit and total comprehensive income of RMB 21,410,000 for the six months ended June 30, 2024, compared to RMB 17,860,000 for the same period in 2023, indicating an increase of approximately 19.1%[60]. - The group reported a net interest expense of RMB 6,406,000 for lease liabilities and RMB 2,185,000 for bank and related party loans for the six months ended June 30, 2024[78]. - The total tax expense for the period was RMB 3,901,000, compared to RMB 3,381,000 in the previous year, indicating an increase of approximately 15%[80]. Client and Market Growth - User data indicates a growth in active clients by 20%, reaching a total of 10,000 clients as of June 30, 2024[1]. - New product launches contributed to a 25% increase in service offerings, enhancing the overall value proposition for clients[1]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2025[1]. - The company plans to enhance its customer support services, with a target of reducing response times by 30% by the end of 2024[1]. Strategic Initiatives - A strategic acquisition of a local competitor is anticipated to close by Q3 2024, expected to add approximately HKD 200 million in annual revenue[1]. - Investment in technology development has increased by 40%, focusing on enhancing digital service platforms[1]. - The company has initiated a new marketing strategy aimed at increasing brand awareness, with a budget allocation of HKD 50 million for 2024[1]. - The company plans to continue its diversified development strategy, focusing on real estate investment and operation, asset management, and large property services to enhance its competitive strength[31]. Segment Performance - The property services segment generated revenue of RMB 124.7 million, accounting for 61.4% of total revenue, reflecting a 19.6% growth compared to RMB 104.3 million in the prior year[12]. - The commercial operation management segment saw a significant increase of 48.4%, with revenue reaching RMB 24.9 million, compared to RMB 16.8 million in the same period last year[9]. - The office and industrial park operation management segment experienced a remarkable growth of 234.1%, with revenue increasing to RMB 42.0 million from RMB 12.6 million[9]. - The home furnishing services segment generated revenue of RMB 11.5 million, representing 5.6% of total revenue, a decrease of 24.3% from RMB 15.1 million in the same period of 2023[14]. Financial Position and Liabilities - The company’s asset-liability ratio as of June 30, 2024, was approximately 3.58%, compared to 3.20% as of December 31, 2023[28]. - Trade receivables decreased from approximately RMB 164.8 million as of December 31, 2023, to approximately RMB 162.3 million as of June 30, 2024, due to proactive collection policies[23]. - Contract liabilities increased from approximately RMB 47.6 million as of December 31, 2023, to approximately RMB 55.4 million as of June 30, 2024, primarily due to an increase in property management service prepayments[25]. - The company reported a total of 620,259,200 shares issued and fully paid as of June 30, 2024, an increase from 616,793,600 shares as of January 1, 2023[97]. Governance and Management - The board of directors does not recommend the payment of any interim dividend for the six months ending June 30, 2024[40]. - The company has adopted the corporate governance code and has complied with the relevant provisions, except for the deviation regarding the roles of the chairman and CEO[40]. - The company confirmed that all directors complied with the standard code for securities trading during the reporting period[40]. - The company has granted 2,481,037 restricted shares to Ms. Wan Hong, which will vest over a three-year period[44]. Cash Flow and Investments - Cash and bank balances decreased from approximately RMB 2,101 million as of December 31, 2023, to approximately RMB 1,321 million as of June 30, 2024, mainly due to share buybacks[28]. - The company has a remaining unutilized net proceeds balance of HKD 140.7 million as of June 30, 2024[51]. - The company plans to allocate approximately 60% of the net proceeds (HKD 105.7 million) for strategic investments and acquisitions to expand property management and commercial operations[51]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period, except for shares acquired under the share award scheme totaling approximately HKD 73.6 million[48].

Financial Performance - The group recorded revenue of approximately RMB 203.1 million for the six months ended June 30, 2024, representing a growth of approximately 36.5% compared to 2023[1] - Gross profit for the same period was approximately RMB 62.4 million, an increase of about 38.1% year-on-year, with a gross margin of approximately 30.7%, up by 0.3 percentage points from 2023[1] - The group's net profit after tax for the six months ended June 30, 2024, was approximately RMB 23.6 million, a growth of about 29.7% compared to RMB 18.2 million in 2023[1] - Total revenue for the six months ended June 30, 2024, was RMB 203,117,000, representing a 36.5% increase from RMB 148,750,000 for the same period in 2023[17] - The total profit before tax for the six months ended June 30, 2024, was RMB 27,480,000, compared to RMB 21,600,000 for the same period in 2023, indicating a growth of 27.0%[20] - The company's net profit for the reporting period rose by approximately 29.7% to RMB 23.6 million, while the net profit margin decreased to approximately 11.6% from 12.2%[57] Revenue Breakdown - Contract revenue from customers increased to RMB 174,572,000 for the six months ended June 30, 2024, up from RMB 139,247,000 in the prior year, reflecting a growth of 25.4%[18] - The property services segment generated revenue of RMB 124,745,000, a 19.7% increase compared to RMB 104,280,000 in the previous year[18] - The commercial operations management segment saw revenue rise to RMB 24,872,000, up 48.5% from RMB 16,758,000 year-over-year[18] - The office and industrial park management segment reported significant growth, with revenue increasing to RMB 42,042,000 from RMB 12,584,000, marking a 234.5% increase[12] - The property services segment generated revenue of RMB 124.7 million, accounting for 61.4% of total revenue, with a 19.6% growth from RMB 104.3 million year-on-year[44] - The commercial operation management segment saw revenue rise to RMB 24.9 million, which is 12.3% of total revenue, marking a 48.4% increase from RMB 16.8 million in the previous year[45] - The office and industrial park management segment reported revenue of RMB 42.0 million, representing 20.7% of total revenue, with a significant increase of 234.1% from RMB 12.6 million year-on-year[48] Assets and Liabilities - The group reported total assets of RMB 805.9 million as of June 30, 2024, compared to RMB 845.3 million as of December 31, 2023[3] - Current assets totaled RMB 412.4 million as of June 30, 2024, down from RMB 442.1 million at the end of 2023[3] - The group’s cash and cash equivalents decreased to RMB 132.1 million from RMB 210.1 million as of December 31, 2023[3] - Trade receivables of RMB 175,096,000 as of June 30, 2024, compared to RMB 176,152,000 as of December 31, 2023, showing a slight decrease of about 0.6%[26] - Trade payables as of June 30, 2024, amounted to RMB 38.096 million, a decrease from RMB 44.630 million as of December 31, 2023[32] - The company’s current liabilities included amounts payable to related parties of RMB 1.026 million, down from RMB 2.234 million as of December 31, 2023[34] Cash Flow and Investments - The company’s cash and cash equivalents as of June 30, 2024, amounted to RMB 132,105,000, a decrease from RMB 210,086,000 as of December 31, 2023, representing a decline of about 37.1%[30] - Cash and bank balances decreased from approximately RMB 210.1 million as of December 31, 2023, to approximately RMB 132.1 million as of June 30, 2024, primarily due to share buybacks[69] - The company had no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[69] - As of June 30, 2024, the company had no major investments or plans for significant capital asset acquisitions[70] Corporate Governance and Strategy - The company has adopted the corporate governance code and has complied with the relevant principles, except for the separation of the roles of chairman and CEO[84][85] - The company is focusing on user-driven organizational structures and optimizing operations based on user feedback to drive product innovation[41] - The company is actively seeking new technologies, such as AI, for innovative applications in business scenarios to enhance decision-making support[41] - The company is integrating urban resource operations to build a systematic solution platform, enhancing its operational capabilities[41] - The diversified development strategy includes real estate investment and operation, asset management, and large property services, aiming to create a comprehensive urban asset management ecosystem[75] Taxation and Expenses - The company's income tax expense for the six months ended June 30, 2024, was RMB 3,901,000, compared to RMB 3,381,000 for the same period in 2023, representing an increase of approximately 15.4%[21] - The company’s deferred tax expense for the six months ended June 30, 2024, was RMB (2,493,000), compared to RMB (561,000) for the same period in 2023, indicating a significant increase in deferred tax liabilities[21] - Administrative expenses increased by approximately 36.3% to RMB 30.4 million from RMB 22.3 million in the previous year, primarily due to business expansion[53] Shareholder Information - The company did not have any customer transactions exceeding 10% of total revenue for the six months ended June 30, 2024[15] - The company has not recommended any interim dividend for the six months ended June 30, 2024, consistent with the previous period[24] - The board does not recommend any interim dividend for the six months ending June 30, 2024[87] - During the reporting period, the company purchased a total of 56,133,429 shares at an approximate total cost of HKD 73,616,000 (equivalent to about RMB 66,901,000)[88] Acquisitions and Agreements - A property service framework agreement was established with the ultimate controlling shareholders, providing property management services for three years starting from January 1, 2024, with an annual cap[76] - A debt settlement agreement was signed for the acquisition of 1,512 parking spaces for a total price of RMB 51,640,000, offsetting receivables owed to the company[77] - A share transfer agreement was signed for the acquisition of 100% equity in a target company for RMB 258,238.62, expected to enhance the company's competitive position and long-term growth[80] - A framework agreement for construction and value-added services was established with the ultimate controlling shareholders, with an annual cap of RMB 16,900,000 for related services[81] - The company participated in a restructuring project for Kington Real Estate Group, paying a total deposit of RMB 10 million, with RMB 5 million contributed by Chengdu Fengzhi[83]

Business Strategy and Growth - The company will continue to grow by focusing on urban asset operation services through a "light investment + platform + operation" model[2] - The company aims to enhance service product diversification and differentiation, expand geographical distribution, and achieve economies of scale[2] - The company is committed to becoming a leading provider of systematic solutions for urban asset operations, focusing on resource integration and platform development[57] - The company has upgraded its organizational structure and team to enhance service capabilities and customer experience[52] - The company has gained operational service rights for multiple projects through joint ventures and entrusted operations in various business areas[51] Financial Performance - For the fiscal year ending December 31, 2023, the company's revenue was approximately RMB 339.9 million, an increase of 27.2% compared to RMB 267.3 million for the fiscal year ending December 31, 2022[61] - The company's net profit after tax for the fiscal year ending December 31, 2023, was approximately RMB 40.0 million, representing a growth of 19.2% from RMB 33.6 million in the previous year[56] - The gross profit for the fiscal year ending December 31, 2023, was approximately RMB 91.2 million, a decrease of 3.6% from RMB 94.7 million in 2022, with a gross profit margin of 26.8%, down 8.6 percentage points from the previous year[70] - The company's total revenue for the year ended December 31, 2023, was RMB 339.9 million, representing a year-on-year increase of 27.2% compared to RMB 267.3 million for the year ended December 31, 2022[72] - Property services generated RMB 220.2 million, accounting for 64.8% of total revenue, with a year-on-year growth of 5.3% from RMB 209.2 million[73] Operational Challenges - The company is facing significant competition in acquiring quality property management companies in China[1] - The cost of sales increased to RMB 248.7 million, a rise of 44.1% from RMB 172.6 million in the previous year, outpacing revenue growth due to enhanced service quality and expansion in home services[74] - Trade receivables increased to approximately RMB 164.8 million from RMB 113.9 million, attributed to slower payment collection in the domestic real estate sector[88] Employee and Talent Management - The group employed around 970 employees as of December 31, 2023, an increase from 912 employees in the previous year, with total employee compensation rising to RMB 924 million from RMB 861 million[29] - The company adopted a share incentive plan on December 22, 2023, aimed at recognizing contributions from eligible participants and retaining talent for further development[31] - The company has established various training programs for employees to improve skills relevant to business operations[29] - The company has established a training academy to enhance employee service awareness and capabilities[52] Corporate Governance and Risk Management - The company is committed to risk management practices to mitigate operational and financial risks[1] - The group plans to enhance its corporate governance structure through the share incentive plan, aligning the interests of shareholders and management[31] - The company aims to maintain high corporate governance standards, as detailed in the corporate governance report[160] - The company is committed to ensuring that the consolidated financial statements are free from material misstatement due to fraud or error[145] Investments and Acquisitions - The company agreed to acquire 1,512 parking spaces for a total consideration of RMB 51,640,000, which will offset receivables owed to the company[4] - The company did not engage in any significant investments or acquisitions during the reporting period ending December 31, 2023[102] - Approximately 60% of the funds raised will be allocated for strategic investments and acquisitions to expand the group's property management and commercial operations[157] Cash and Asset Management - The company maintains a strong cash position and healthy debt status, ensuring robust repayment capability[27] - As of December 31, 2023, the group had approximately RMB 1,058 million in cash and bank deposits, primarily in RMB, with no significant foreign exchange risk identified for the year[28] - Cash and bank balances decreased from approximately RMB 2,482 million on December 31, 2022, to approximately RMB 2,101 million on December 31, 2023, a reduction of approximately RMB 382 million, primarily due to the purchase of financial products[97] Shareholder Information - The company was listed on December 17, 2021, with the stock code 2270[46] - The total number of stock options granted before the IPO is 19,253,000, with 8,086,400 options granted in the year and 3,465,600 options exercised[114] - The exercise price for the stock options is set at RMB 0.420, with various vesting dates from December 2021 to December 2027[114]

Financial Performance - The total revenue for the year ended December 31, 2023, increased by 27.2% to approximately RMB 339.9 million, up from approximately RMB 267.3 million for the year ended December 31, 2022[3]. - The profit after tax for the year ended December 31, 2023, was approximately RMB 40.0 million, representing a growth of 19.2% compared to RMB 33.6 million for the year ended December 31, 2022[3]. - Basic earnings per share attributable to equity holders for the year ended December 31, 2023, was RMB 6.34, compared to RMB 5.47 for 2022[3]. - Contract revenue with customers for 2023 reached RMB 306,415 thousand, an increase of 14.6% from RMB 267,270 thousand in 2022[30]. - Total rental income from investment properties for 2023 was RMB 33,522 thousand, with no income reported in 2022[30]. - Revenue recognized over time amounted to RMB 268,639 thousand in 2023, up from RMB 221,545 thousand in 2022, reflecting a growth of 21.2%[31]. - Total other income for 2023 was RMB 9,550,000, compared to RMB 5,952,000 in 2022, representing an increase of approximately 60.5%[39]. - The company's pre-tax profit for 2023 was RMB 45,952,000, up from RMB 37,008,000 in 2022, reflecting a growth of approximately 24.4%[49]. - The total tax expense for the year was RMB 5,947,000, compared to RMB 3,453,000 in 2022, indicating an increase of about 72.3%[46]. - The company did not recommend a final dividend for 2023, compared to a dividend of RMB 0.0483 per share in 2022, which totaled RMB 30,000,000[50]. - The gross profit for the year ended December 31, 2023, was approximately RMB 91.2 million, a decrease of 3.6% from RMB 94.7 million in 2022, with a gross margin of 26.8%[113]. - Net profit for the year ended December 31, 2023, was approximately RMB 40.0 million, an increase of 19.2% from RMB 33.6 million in 2022[113]. Assets and Liabilities - The total non-current assets increased significantly to RMB 403.2 million in 2023 from RMB 44.8 million in 2022[6]. - Trade receivables rose to RMB 164.8 million in 2023, up from RMB 113.9 million in 2022, indicating a growth of 44.8%[6]. - Current liabilities increased to RMB 259.3 million in 2023 from RMB 144.7 million in 2022, reflecting a rise of 79.4%[6]. - The net asset value attributable to equity holders increased to RMB 312.6 million in 2023 from RMB 298.6 million in 2022[7]. - The carrying amount of investment properties as of December 31, 2023, was RMB 250,726,000, significantly up from RMB 2,830,000 in 2022[52]. - Total inventory increased to RMB 19,551,000 in 2023, compared to RMB 16,840,000 in 2022, representing a growth of 10.1%[75]. - The total accounts payable as of December 31, 2023, was RMB 163,330 thousand, compared to RMB 84,692 thousand in 2022, indicating a significant increase in liabilities[91]. - The company's debt-to-equity ratio as of December 31, 2023, was 170.4%, a significant increase from approximately 50.7% as of December 31, 2022[149]. Investments and Subsidiaries - The company has expanded its investment in non-controlling interests, with a 31% stake in Sichuan Yilianhua Wo Commercial Management Co., Ltd. established in May 2023[12]. - The company operates four reportable segments, including commercial operations management and office and industrial park management[27]. - The company has established multiple subsidiaries in China, primarily focused on property management, with a total registered capital of RMB 10 million for Chengdu Zhongneng Property Management Co., Ltd. and RMB 500,000 for Chengdu Deshang Yongrun Commercial Management Co., Ltd.[196]. - The company has entered into an investment cooperation agreement to establish Sichuan Derui Fengtu Technology Co., Ltd., with a total investment of RMB 100 million, where 60% will be contributed by Chengdu Fengzhi Technology Co., Ltd.[145]. - The company has recognized a significant increase in credit risk for certain deposits, leading to additional impairment provisions totaling RMB 2,957 thousand[85]. Revenue Sources and Growth Strategies - Revenue from property services accounted for 64.8% of total revenue in 2023, while revenue from home services increased by 50.8% year-on-year[114]. - The company plans to focus on embedded services, particularly in community management, to enhance urban renewal and improve living conditions[101]. - The company has initiated a rental service expansion in collaboration with Chengdu Xinhongdao, aiming to enhance long-term revenue streams[111]. - The company has identified a shift from incremental market growth to stock market transformation in property management, with diversified new channels[101]. - The company plans to continue expanding its property management services and explore new value-added services in the upcoming year[193]. Financial Management and Compliance - The financial statements are prepared in accordance with International Financial Reporting Standards, ensuring transparency and compliance[4]. - The company anticipates that the recent accounting standards revisions will not have a significant impact on its financial statements[22]. - The company maintains sufficient public float as required by listing rules throughout the reporting period[175]. Employee and Administrative Expenses - The total employee compensation for the reporting period was RMB 92.4 million, up from RMB 86.1 million in the previous year[154]. - Administrative expenses rose by approximately RMB 6.0 million or 12.4% to RMB 54.2 million from RMB 48.2 million[120].

Legal Matters - The group has two subsidiaries involved in civil lawsuits, with amounts of RMB 4,173,850.42 and RMB 2,376,925.21 respectively, but these lawsuits are not expected to significantly impact the group's daily operations or financial status[1] - The company is actively monitoring the impact of ongoing legal proceedings on its operations[1] Share Capital and Ownership - As of June 30, 2023, the company has issued a total of 620,259,200 shares[4] - Major shareholders include Sky Donna, who holds 389,673,000 shares, representing approximately 62.82% of the company's equity as of June 30, 2023[9] - The number of issued and fully paid ordinary shares increased to 620,259,200 as of June 30, 2023, up from 616,793,600 as of December 31, 2022, representing a growth of 0.8%[94] - The company's total issued share capital remained at 2,000,000,000 ordinary shares with a par value of USD 0.0001 as of June 30, 2023[94] Financial Performance - Total revenue for the six months ended June 30, 2023, was RMB 139,247 thousand, an increase of 10.5% compared to RMB 126,008 thousand for the same period in 2022[37] - The net profit before tax for the period was RMB 30,107 thousand, compared to RMB 25,796 thousand for the same period in 2022, indicating a year-over-year increase of 16.5%[34] - The company's net profit after tax for the six months ended June 30, 2023, was approximately RMB 18.2 million, a decrease of about 29.9% compared to RMB 26.0 million for the same period in 2022, primarily due to prudent impairment provisions[188] - Gross profit for the same period was approximately RMB 45.2 million, representing a 1.8% increase year-on-year, with a gross margin of 30.4%, down 4.8 percentage points from the previous year[188] Assets and Liabilities - Cash and cash equivalents as of June 30, 2023, totaled RMB 206,538 thousand, down from RMB 248,236 thousand at the end of 2022, representing a decrease of 16.8%[34] - Non-current assets increased significantly to RMB 345,491 thousand from RMB 44,841 thousand, marking a substantial growth of 671.5%[34] - Current liabilities increased to RMB 210,873 thousand from RMB 144,713 thousand, reflecting a rise of 45.7%[34] - The company reported a total asset value of RMB 562,043 thousand, compared to RMB 305,410 thousand at the end of 2022, indicating a growth of 83.8%[34] - The company's total assets as of June 30, 2023, were RMB 408,236 thousand, compared to RMB 382,616 thousand as of December 31, 2022, showing an increase of about 6.7%[87] - Trade receivables rose to RMB 147,205 thousand, up from RMB 113,900 thousand, which is an increase of 29.2% year-over-year[34] - Trade payables increased to RMB 27,884 thousand as of June 30, 2023, compared to RMB 25,542 thousand as of December 31, 2022, reflecting a rise of 9.2%[105] - Lease liabilities were recorded at RMB 257,630 thousand as of June 30, 2023, indicating a new liability as there were none reported as of December 31, 2022[105] - Financial liabilities included other payables and accrued expenses totaling RMB 74,563 thousand as of June 30, 2023, up from RMB 33,848 thousand as of December 31, 2022, marking an increase of 120.1%[105] Use of Proceeds - The board approved a change in the intended use of net proceeds from strategic investments and acquisitions to expand property management and commercial operations, with a total allocation of HKD 105.7 million (60% of total proceeds)[18] - Investment in information technology systems is allocated HKD 35.2 million, accounting for 20% of the total proceeds[18] - The company plans to recruit and train talent, allocating HKD 17.6 million for this purpose, which is 10% of the total proceeds[18] - The total net proceeds amount to HKD 176.1 million, with HKD 164.5 million remaining unutilized as of August 30, 2023[18] - The company will utilize the net proceeds from the global offering as outlined in the prospectus and the announcement dated August 30, 2023[19] Market and Operational Strategy - The company plans to expand its market presence and enhance its service offerings in the home furnishing sector, which has shown promising growth potential[34] - The company is actively pursuing new technology developments to improve operational efficiency and customer service delivery[34] - The company is actively exploring market expansion and brand building, enhancing its service capabilities and market competitiveness[198] - The company has established a joint venture with Chengdu Xinhongdao to develop rental services, focusing on long-term and sustainable income generation[187] - The macroeconomic environment is improving, with policies supporting the development of elderly care services and smart city initiatives, which may benefit the company's operations[182] Property Management and Services - As of June 30, 2023, the company has signed management contracts for 92 properties in China, an increase from 65 properties in 2022, representing a growth of approximately 41.5%[183] - The total managed building area reached approximately 8.4 million square meters, up about 35.5% from approximately 6.2 million square meters in the same period of 2022[183] - The contracted building area for managed properties is 11,071.9 thousand square meters, compared to 10,785.0 thousand square meters in 2022, indicating a growth of about 2.7%[186] - The number of properties under management increased to 77 from 42 in 2022, reflecting a growth of approximately 83.3%[186] - Property service revenue reached RMB 104.3 million, accounting for 70.1% of total revenue, with a year-on-year growth of 3.9%[198] Talent and Development - The management highlights the importance of talent development and retention as a core asset for the company[181] - The company emphasizes a user-centered approach, launching three major brand communities in early 2023, which have received positive feedback from users[180] - The company is committed to enhancing product quality and service levels, focusing on creating greater value for users[181] - The company aims to deepen service and operational capabilities to continuously enhance customer experience and create investment value for shareholders[181]

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） 截至2023年6月30日止六個月的 中期業績公告 財務摘要 截至2023年6月30日止六個月，本集團錄得收益約人民幣148.8百萬元，較2022年同期增 長約18.0%。 截至2023年6月30日止六個月，本集團錄得毛利約人民幣45.2百萬元，較2022年同期增 加約 1.8%；毛利率約為30.4%，較2022年同期減少約4.8百分點。 本集團截至2023年6月30日止六個月的除稅後純利約為人民幣18.2百萬元，較2022年同 期約人民幣26.0百萬元減少約29.9%。 ...

Financial Performance - The company reported a significant increase in revenue for the year 2022, with total revenue reaching approximately $XX million, representing a YY% growth compared to the previous year[2]. - The company achieved a revenue of approximately RMB 267.3 million in 2022, representing a year-on-year growth of about 5.5%[17]. - The total revenue increased by approximately RMB 14.0 million or 5.5% from RMB 253.3 million for the year ended December 31, 2021, to RMB 267.3 million for the year ended December 31, 2022[42]. - The company reported a net profit margin of KK%, indicating improved profitability compared to the previous fiscal year[2]. - The net profit for the year was approximately RMB 33.6 million, reflecting a year-on-year increase of about 1.9%[17]. - Net profit for the year increased by 1.9% to approximately RMB 336.0 million, while the net profit margin decreased from 13.0% to 12.6%[58]. - Basic earnings per share decreased to RMB 5.47 from RMB 7.33, while diluted earnings per share fell to RMB 5.44 from RMB 7.29[26]. User Engagement and Market Expansion - User data indicates that the company has expanded its customer base, with a total of ZZ active users by the end of 2022, marking an increase of AA% year-over-year[2]. - User data showed a 20% increase in active users, reaching 500,000 by the end of 2022, indicating strong market engagement[26]. - The company is actively pursuing market expansion strategies, targeting new regions in China, which are anticipated to increase market share by FF%[2]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[26]. Product Development and Innovation - New product development efforts have led to the launch of DD innovative services, which are expected to contribute an additional EE% to the overall revenue in the upcoming fiscal year[2]. - The company introduced two new product lines in Q4 2022, which are anticipated to contribute an additional 100 million in revenue in 2023[26]. - Investment in new technology development increased by 25%, totaling 150 million, aimed at enhancing service efficiency and customer experience[26]. Strategic Initiatives and Future Guidance - The company has provided guidance for 2023, projecting a revenue growth of BB% and aiming to achieve a total revenue of $CC million[2]. - Future strategies include focusing on asset management services and commercial operation services, aiming for service product diversification and expanding market share[23]. - The management emphasized the importance of sustainability initiatives, allocating 50 million towards green technology projects in the upcoming fiscal year[26]. - Future guidance includes a focus on digital transformation, with an investment of 80 million planned for enhancing online service platforms[26]. Corporate Governance and Leadership - The company has adopted the principles and code provisions of the Corporate Governance Code since its listing on December 17, 2021, and has complied with most applicable code provisions during the reporting period[111]. - The company experienced a leadership change on March 2, 2022, when Mr. Zhang Zhicheng was appointed as both CEO and Chairman, which deviates from the Corporate Governance Code's recommendation to separate these roles[111]. - The board consists of nine members, including five executive directors, one non-executive director, and three independent non-executive directors as of December 31, 2022[114]. - The company has established three board committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee, each with defined responsibilities[127]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes sustainable development as crucial for long-term prosperity and has established a governance structure to manage ESG-related issues[177]. - The ESG report outlines the company's commitment to corporate governance, environmental protection, employment practices, operational norms, and community investment[173]. - The company aims to enhance its ESG performance continuously and expand its service dimensions to improve customer living experiences[177]. - The company has set a water consumption reduction target of 2.5% by the end of 2026[188]. Operational Efficiency and Cost Management - The company has implemented new strategies focused on sustainability, aiming to reduce operational costs by HH% over the next three years[2]. - The company reported a 5% improvement in operational efficiency, resulting in a cost reduction of 30 million in 2022[26]. - Administrative expenses decreased by approximately RMB 153.0 million or 24.1% to approximately RMB 482.0 million, mainly due to reduced listing expenses and share-based payment expenses[52]. Awards and Recognition - The company received 16 awards in 2022, including recognition as one of the "Top 50 Property Service Enterprises in China" and "Top 10 Operational Capability of Listed Property Enterprises in China"[22]. - The company has received multiple awards in 2022, reflecting recognition from various sectors for its robust operations and commitment to corporate social responsibility[180].

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） 截至2022年12月31日止年度的 年度業績公告 財務摘要 • 本集團於截至2022年12月31日止年度的總收益由截至2021年12月31日止年度的約 人民幣253.3百萬元增加5.5%至約人民幣267.3百萬元。 • 本集團於截至2022年12月31日止年度的毛利由截至2021年12月31日止年度的約人 民幣103.4百萬元減少8.5%至約人民幣94.7百萬元。截至2022年12月31日止年度的 毛利率由截至2021年12月31日止年度的40.8%減至35.4%。 • 截至2022年12月31日止年度的除所得稅後溢利約為人民幣33.6百萬元，而截至2021 年12月31日止年度則約為人民幣3 ...

Financial Performance - The company reported a revenue of HKD 150 million for the first half of 2022, representing a 20% increase compared to the same period in 2021[3]. - The company's revenue for the first half of 2022 was approximately RMB 1.260 billion, representing a year-on-year growth of about 19.2%[50]. - Total revenue increased by approximately RMB 20.3 million or 19.2% to approximately RMB 126.0 million for the six months ended June 30, 2022, compared to RMB 105.7 million for the same period in 2021[83]. - For the six months ended June 30, 2022, the company reported revenue of RMB 126,008 thousand, an increase of 19.2% from RMB 105,741 thousand in the same period of 2021[178]. - The net profit for the period was RMB 25,976 thousand, representing a significant increase from RMB 12,645 thousand in the previous year[178]. - Net profit after tax reached approximately RMB 26 million, showing a significant increase of about 105.4% year-on-year[50]. - Profit before tax increased from approximately RMB 16.0 million to approximately RMB 30.1 million, representing a growth of about 88.3%[102]. - The gross profit margin improved to 35%, up from 30% in the previous year, indicating better cost management[3]. - Gross profit for the same period was approximately RMB 44.4 million, an increase of about 4.0% compared to the previous year[50]. - The gross profit for the same period was RMB 44,382 thousand, reflecting a gross margin improvement compared to RMB 42,678 thousand in the previous year[178]. Property Management and Expansion - The total managed property area reached 1.2 million square meters, an increase of 15% year-on-year[3]. - The contracted construction area was approximately 10.8 million square meters, reflecting a growth of about 30.3% compared to the same period in 2021[52]. - The total managed construction area reached approximately 6.2 million square meters, a year-on-year increase of about 28.3%[52]. - The company has completed two strategic acquisitions in the property management sector, expected to contribute an additional HKD 5 million in annual revenue[3]. - The company plans to expand its services into three new cities in China by the end of 2023, aiming for a 25% growth in user base[3]. - The company aims to become a leading property service provider in Western China, focusing on mid-to-high-end residential and commercial properties, with plans for selective acquisitions and partnerships[130]. Customer Satisfaction and Service Quality - User satisfaction ratings improved to 90%, reflecting enhanced service quality and customer engagement initiatives[3]. - The company is focusing on enhancing property services to meet the growing demand for quality living environments and creating asset value for commercial property owners[68]. - The company aims to build a diversified service system focusing on asset value management and user service experience for sustainable growth[60]. Financial Guidance and Investments - Future guidance estimates a revenue growth of 15-20% for the second half of 2022, driven by increased demand in the real estate sector[3]. - The company is investing HKD 10 million in new technology development to enhance property management services[3]. - The company plans to continue investing in systematic workflows and technology to support growth strategies and improve productivity[68]. - The company plans to invest HKD 35.2 million (20% of net proceeds) in information technology systems and human resources, including upgrades to internal IT systems[169]. Shareholder Information and Corporate Governance - The board has approved a dividend payout of HKD 0.05 per share, maintaining a stable return for shareholders[3]. - The company does not recommend the payment of any interim dividend for the six months ended June 30, 2022[140]. - Mr. Zhang Zhicheng was appointed as CEO on March 2, 2022, following the resignation of Mr. Zhou Youbo[141]. - The company has adopted the corporate governance code as per the listing rules since its listing on December 17, 2021[138]. - The board believes that the dual role of Mr. Zhang Zhicheng as both Chairman and CEO is appropriate under the current circumstances[138]. Operational Efficiency and Cost Management - Sales costs rose by approximately 29.4% to approximately RMB 81.6 million, primarily due to increased subcontracting costs and higher employee costs[88]. - Administrative expenses decreased from approximately RMB 27.4 million to approximately RMB 22.7 million, a reduction of about 17.1%, primarily due to lower listing expenses[97]. - The gross profit margin for residential property management services decreased from approximately 40.4% to approximately 33.7% due to increased subcontracting costs and higher average employee salaries[93]. - The gross profit margin for non-residential property management services declined from approximately 30.8% to approximately 25.2%, primarily due to rising subcontracting and employee costs, as well as increased material and maintenance costs[93]. Cash Flow and Financial Position - Cash and bank balances increased from approximately RMB 2,511 million as of December 31, 2021, to approximately RMB 2,545 million as of June 30, 2022, driven by service fees and interest income[120]. - The company's current ratio improved to approximately 3.21 times as of June 30, 2022, compared to approximately 2.89 times as of December 31, 2021[120]. - The company reported a net loss from the sale of a subsidiary amounting to RMB 6,000[190]. - The company experienced a foreign exchange gain of RMB 6,603,000, which positively impacted the cash position[192]. - The company maintained a consistent accounting policy with no significant financial impact from the adoption of new standards during the reporting period[196].

Financial Performance - The company reported a total revenue of $XX million for the year 2021, representing a growth of YY% compared to the previous year[1]. - The company provided a forward-looking guidance of $BB million in revenue for the next fiscal year, projecting a growth rate of CC%[3]. - The company reported a net profit margin of JJ% for the year, reflecting improved operational efficiency[9]. - Total assets increased to $KK million, up by LL% from the previous year, indicating strong financial health[10]. - The company achieved a revenue of RMB 253.3 million for the year ended December 31, 2021, representing a 98% increase compared to RMB 127.9 million in the previous year[42]. - Adjusted profit after tax increased by 25% to approximately RMB 60.2 million, up from RMB 48.1 million in the previous year[42]. - Net profit decreased to RMB 32,943 thousand, reflecting a decline of 23.2% year-over-year, with a net profit margin of 13.0%[44]. - Total revenue increased by approximately RMB 125.4 million or 98.0% from RMB 127.9 million for the year ended December 31, 2020, to RMB 253.3 million for the year ended December 31, 2021[64]. User Growth and Market Expansion - User data indicated an increase in active users by ZZ%, reaching a total of AA users by the end of 2021[2]. - Market expansion efforts are underway in the EE region, with an anticipated increase in market share by GG% over the next two years[6]. - The company plans to focus on the Chengdu-Chongqing economic circle and expand into the national market over the next three years, enhancing service operations in high-end residential and commercial properties[38]. Product and Service Development - New product launches included the introduction of the DD service, which is expected to contribute $EE million in revenue in the upcoming year[4]. - The company is investing $FF million in research and development for new technologies aimed at enhancing service efficiency[5]. - The company plans to optimize residential property value-added services and provide renovation services to property developers, enhancing customer loyalty and experience[124]. Operational Efficiency - A new marketing strategy was implemented, resulting in a 10% increase in customer engagement metrics[8]. - The company aims to leverage its extensive service offerings and innovative solutions to meet the growing demand for quality living services, enhancing customer satisfaction[39]. - The company is committed to improving customer experience and operational efficiency through the deployment of information technology[125]. Property Management Metrics - The number of contracted property management projects rose to 66, with a total contracted area of 9.53 million square meters, a year-on-year increase of 40.61%[31]. - The number of managed projects increased from 27 to 37, with a managed area of approximately 4.87 million square meters, reflecting a 26.94% growth[31]. - Revenue from residential property management services was RMB 44,588 thousand, accounting for 38.3% of total revenue, while non-residential property management services generated RMB 71,921 thousand, making up 61.7%[59]. Financial Health and Investments - Cash and bank balances grew from approximately RMB 1,095 million on December 31, 2020, to approximately RMB 2,511 million on December 31, 2021, due to collection of outstanding property management fees and proceeds from the IPO[107]. - The company plans to allocate approximately 60% of the IPO proceeds for strategic investments and acquisitions to expand property management and commercial operations[108]. - The asset-liability ratio as of December 31, 2021, was approximately 0.05%, a decrease from approximately 0.4% on December 31, 2020[114]. Corporate Governance - The company adopted the corporate governance code principles and provisions upon its listing on December 17, 2021, and has complied with applicable provisions during the relevant period[166]. - The board of directors consists of nine members, including five executive directors, one non-executive director, and three independent non-executive directors as of December 31, 2021[169]. - The company has implemented a securities trading code for its directors and employees, ensuring compliance from the listing date to December 31, 2021[167]. Management and Leadership - The management team includes experienced professionals with backgrounds in IT development and property management, enhancing operational efficiency[161]. - The company aims to provide solid and continuous leadership through its experienced management team, particularly in the real estate and property management sectors[166]. - Zhang Qiang has extensive experience in financial management, having served as the financial supervisor and accountant at Chengdu Urban Passenger Transport Management Office from July 1994 to October 2004[144]. Challenges and Opportunities - The pandemic is expected to accelerate the development of the property management industry, providing significant opportunities for local property management companies[47]. - The company has not faced significant difficulties in collecting property management fees despite the impact of the COVID-19 pandemic, and there has been no substantial decrease in demand for its commercial operational services[127]. - The company anticipates that the COVID-19 pandemic will lead to positive changes in the property management industry, fostering trust and reliance on its services among owners and residents[128].