香港交易及結算所有限公司、香港聯合交易所有限公司及香港中央結算有限公司對本公 告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不會就本公 告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 DOWELL SERVICE GROUP CO. LIMITED* 東原仁知城市運營服務集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2352） 截至2024年6月30日止六個月 之中期業績公告 | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 本公司 2023 年度財務資料追溯重列 | | 31 | 本公司已於 2024 年 6 月 21 日收購上海常青社約 90.73% 股權，並對本公司截至 2023 年 ...

Financial Performance - The total revenue for the group was approximately RMB 1,483.8 million, an increase of 10.0% compared to RMB 1,349.4 million for the year ended December 31, 2022[61]. - The company's total revenue for the year ended December 31, 2023, increased by approximately RMB 134.4 million or about 10.0% to approximately RMB 1,483.8 million, compared to approximately RMB 1,349.4 million for the year ended December 31, 2022[82]. - Gross profit was approximately RMB 211.8 million, a decrease of about 24.0% from approximately RMB 278.5 million for the year ended December 31, 2022, with a gross margin of about 14.3%, down approximately 6.3 percentage points from about 20.6%[30]. - The overall gross margin for the company dropped to 14.3% for the year ended December 31, 2023, down from 20.6% in the previous year[85]. - Profit before income tax expenses decreased by approximately 77.1% to about RMB 24.7 million, compared to approximately RMB 108.0 million for the year ended December 31, 2022, mainly due to reduced gross profit and the absence of one-time government subsidies[94]. Revenue Breakdown - The revenue from property urban services was approximately RMB 872.8 million, accounting for 58.8% of total revenue, representing an increase of about 33.0% compared to RMB 656.2 million for the year ended December 31, 2022[30]. - The revenue from foreign, technology, and medical integrated services was approximately RMB 389.0 million, accounting for about 26.3% of total revenue, a decrease of about 10.3% from RMB 433.7 million for the year ended December 31, 2022[38]. - The revenue from the "Beautiful Life Services" segment was approximately RMB 222.0 million, accounting for 14.9% of total revenue, a decrease of about 14.4% compared to the previous year[62]. - The revenue from foreign-related comprehensive services increased by approximately 13.5% to about RMB 177.2 million, compared to RMB 156.0 million in the previous year[78]. - Revenue from digital and intelligent technology services surged by approximately 231.2% to about RMB 23.0 million, up from approximately RMB 7.0 million in the same period last year, attributed to active business expansion and the resumption of project progress post-pandemic[105]. Customer and Supplier Relationships - The five largest customers accounted for 17.0% of total revenue during the reporting period, indicating a diversified customer base[3]. - The largest supplier accounted for 5.5% of total procurement, and the five largest suppliers together accounted for 16.5%, showing low supplier concentration[4]. - The largest customer accounted for 10.7% of total sales during the reporting period[19]. - The company recognizes the importance of maintaining good relationships with customers and has established procedures for handling customer complaints and conducting satisfaction surveys[5]. Dividends and Share Capital - The total share capital of the company as of December 31, 2023, is RMB 66,990,867, consisting of 66,990,867 H shares with a par value of RMB 1.00 each[7]. - The board of directors recommends a final cash dividend of RMB 0.03 per share (tax included) for the year ended December 31, 2023, compared to RMB 0.14 per share for the year ended December 31, 2022[10]. - The company will distribute the final dividend to non-resident corporate shareholders after withholding a 10% corporate income tax as required by Chinese tax law[11]. - A final cash dividend of RMB 0.03 per share is proposed for the year ending December 31, 2023, down from RMB 0.14 per share for the previous year[162]. Human Capital and Management - The company emphasizes the importance of human capital and is committed to providing a safe and fair workplace, competitive compensation, and professional development opportunities for employees[5]. - The company has established a remuneration committee to formulate compensation policies based on the qualifications, positions, and seniority of directors and senior management[2]. - The company has arranged appropriate liability insurance for directors and senior executives to protect them from potential liabilities arising from group activities[1]. - The board of directors has confirmed that no director has waived or agreed to waive any remuneration, and no remuneration has been paid as an incentive for joining the group[2]. - The total employee cost recognized during the reporting period was approximately RMB 709.3 million, up from RMB 628.4 million for the year ended December 31, 2022[143]. Business Strategy and Development - The company emphasizes a development strategy of "large property • full value" and aims to become a respected urban integrated service provider[41]. - The company has diversified its services through three main business lines, including community activity planning services and public facility maintenance services[42]. - The company will continue to expand its business portfolio and scale by building a high-quality team with strong incentives and assessments[127]. - The company plans to implement at least 10 AI application scenarios in market management by 2024, leveraging domestic and international large model technologies[129]. - The company will focus on a market development strategy tailored to each city, creating a market expansion ecological platform[150]. Financial Position and Investments - The company's cash and cash equivalents increased by approximately 15.2%, reaching about RMB 255.4 million as of December 31, 2023, compared to RMB 221.7 million as of December 31, 2022[140]. - The company's borrowings amounted to approximately RMB 9.3 million, with an interest rate ranging from 3.35% to 5.5%[125]. - Total equity increased by approximately 2.0% to about RMB 493.4 million as of December 31, 2023, compared to approximately RMB 483.7 million as of December 31, 2022[120]. - The group recorded a net other loss of approximately RMB 0.9 million during the reporting period, compared to a net other income of approximately RMB 9.3 million for the year ended December 31, 2022, primarily due to exchange rate fluctuations on HKD holdings[90]. - The company has no significant contingent liabilities or asset pledges as of December 31, 2023[145][146]. Operational Efficiency and Cost Management - The company is committed to enhancing supply chain management and implementing cost-saving measures through small technological improvements[155]. - The company's sales costs increased by approximately RMB 201.2 million or about 18.8% to approximately RMB 1,272.1 million for the year ended December 31, 2023, compared to RMB 1,070.9 million for the previous year[83]. - Administrative expenses rose by approximately 3.8% to about RMB 154.8 million, up from approximately RMB 149.1 million for the year ended December 31, 2022, mainly due to business growth and increased employee costs[92]. - Sales and marketing expenses increased from approximately RMB 32.3 million for the year ended December 31, 2022, to approximately RMB 37.0 million, driven by business growth and increased promotional personnel costs[91]. Corporate Governance - The board of directors consists of seven members, including two non-executive directors, two employee directors, and three independent non-executive directors[192]. - The board will continue to evaluate the use of net proceeds and may revise plans in response to changing market conditions[188]. - The financial director has been with the company since 2014 and oversees financial matters and daily operations[181]. - The employee supervisor has over seven years of experience in accounting and has been with the company since 2016[179]. - 蔡女士拥有超过25年的财务管理及投资相关经验，曾在多家金融服务公司任职[198].

Revenue and Financial Performance - The group's revenue for the year ended December 31, 2023, was approximately RMB 1,483.8 million, an increase of 10.0% compared to RMB 1,349.4 million for the year ended December 31, 2022[3]. - Revenue from property city services was approximately RMB 872.8 million, accounting for 58.8% of total revenue, representing a 33.0% increase from RMB 656.2 million in the previous year[3]. - Revenue from lifestyle services was approximately RMB 222.0 million, accounting for 14.9% of total revenue, a decrease of 14.4% from RMB 259.5 million in the previous year[4]. - Revenue from comprehensive services, including foreign, technology, and medical services, was approximately RMB 389.0 million, accounting for 26.3% of total revenue, a decrease of 10.3% from RMB 433.7 million in the previous year[4]. - Gross profit was approximately RMB 211.8 million, a decrease of 24.0% from RMB 278.5 million in the previous year, with a gross margin of approximately 14.3%, down 6.3 percentage points from 20.6%[4]. - Profit for the reporting period was approximately RMB 21.9 million, a decrease of 76.2% from RMB 92.0 million in the previous year, with profit attributable to shareholders of approximately RMB 19.0 million, down 78.6% from RMB 88.5 million[4]. - The board proposed a final dividend of RMB 0.03 per share (tax included) for the year ended December 31, 2023, compared to RMB 0.14 per share (tax included) for the previous year[4]. - The cost of sales for 2023 was RMB 1,200,469 thousand, representing an increase of 12.5% from RMB 960,380 thousand in 2022[44]. - Employee benefits expenses increased to RMB 709,251 thousand in 2023, compared to RMB 628,404 thousand in 2022, reflecting a rise of 12.9%[50]. - The company recognized contract liabilities of RMB 280,579 thousand in 2023, an increase of 22.7% from RMB 228,604 thousand in 2022[56]. - The company received government subsidies totaling RMB 7,461 thousand in 2023, down from RMB 18,944 thousand in 2022[48]. Assets and Liabilities - Non-current assets totaled approximately RMB 378.5 million as of December 31, 2023, compared to RMB 371.9 million in the previous year[8]. - Current assets increased to approximately RMB 1,016.6 million from RMB 898.9 million in the previous year[9]. - Total equity amounted to approximately RMB 493.4 million as of December 31, 2023, compared to RMB 483.7 million in the previous year[10]. - The company’s total liabilities increased to RMB 280,575,000 in 2023 from RMB 264,093,000 in 2022, reflecting a rise of 6.3%[118]. - Trade payables as of December 31, 2023, totaled RMB 292,664 thousand, an increase of 13.0% from RMB 258,888 thousand in 2022[121]. - Trade receivables and notes receivable net amount as of December 31, 2023, was RMB 637,461,000, up from RMB 564,999,000 in 2022, indicating a growth of 12.8%[105]. Acquisitions and Business Combinations - The company acquired 99% of Shanghai Xuanhai Technology Co., Ltd. from its subsidiary Shenzhen Dirui Smart Technology Co., Ltd. as part of a business combination under common control[12]. - The company acquired Zhejiang Zhongdu Property Management Co., Ltd. and Hunan Jindian Property Management Co., Ltd. for RMB 79,500,000 and RMB 61,700,000 respectively, with goodwill allocated at RMB 64,665,000 and RMB 41,041,000[100]. - The group acquired 100% of the voting equity interests of Zhejiang Zhongdu on June 23, 2022, contributing revenue of RMB 61,981,000 and net profit of RMB 4,282,000 since the acquisition[151]. - The acquisition of Hunan Jindian on June 23, 2022, involved 80% of the voting equity interests, with a cash consideration of RMB 61,700,000 and goodwill recognized of RMB 41,041,000[159]. - The total cash consideration payable at the acquisition date amounted to RMB 141,200,000, with RMB 79,500,000 for Zhejiang Zhongdu and RMB 61,700,000 for Hunan Jindian[169]. Operational Highlights - As of December 31, 2023, the company managed 573 property projects across 76 cities in China, representing a year-on-year growth of approximately 18.9%[171]. - The total managed building area reached approximately 60.2 million square meters, reflecting a year-on-year increase of about 19.0%[171]. - The company’s projects sourced from the controlling shareholder, Dima Group, accounted for approximately 16.8 million square meters of managed building area, a 9.2% increase from December 31, 2022[191]. - The projects sourced from independent third parties reached approximately 32.0 million square meters, marking a 26.9% increase from December 31, 2022[191]. - The company was recognized as one of the "Top 100 Property Service Enterprises in China" in 2023, improving its industry ranking by 2 positions to 16th[186]. - The company aims to enhance customer satisfaction and loyalty through comprehensive service offerings in property management and related sectors[175]. - The overall growth in managed building area reflects the company's strategic expansion and commitment to enhancing urban property services[198]. Revenue Breakdown by Property Type - The revenue from residential properties was RMB 603.75 million, accounting for 69.2% of total revenue, while non-residential properties contributed RMB 269.03 million, or 30.8%[197]. - The managed non-residential property area was approximately 15.5 million square meters, accounting for about 29.5% of the total managed area, with a year-on-year increase of approximately 2.5%[196]. - The total number of projects managed in residential properties was 229, while non-residential properties accounted for 118 projects as of December 31, 2023[197]. - The company has contracted to manage a total building area of approximately 60.4 million square meters across 369 property projects in 62 cities[198]. Financial Reporting and Compliance - The financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards and the Hong Kong Companies Ordinance[23]. - The financial statements are presented in Renminbi (RMB), with all values rounded to the nearest thousand[25]. - The company expects that the application of new or revised Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements[17][19][21]. - The company has not early adopted any new or revised Hong Kong Financial Reporting Standards that are not yet effective[16]. - The company assesses the recoverability of receivables based on historical data and current market conditions, which may lead to significant adjustments in future financial periods[27]. - The company is subject to corporate income tax in China, and the determination of tax provisions involves significant judgment[28]. - The company has made estimates regarding the useful lives of property, plant, and equipment, which may affect future depreciation expenses[32].

Shareholding Structure - As of June 30, 2023, the major shareholder Tianjin Chengfang holds approximately 38.09% of the total issued share capital[4] - The company reported that Mr. Fan Dong is the beneficial owner of RMB 1.05 million, representing 52.74% of the shares[3] - Chongqing Dongyin Holdings Group and Mr. Luo Shaoyu each hold 25,520,000 shares, accounting for 38.09% of the total issued share capital[5] - The shareholding structure indicates that Tianjin Chengfang and Chongqing Dimarui Sheng each control 83.64% of the relevant class of shares[4] - The beneficial ownership of shares by spouses is noted, with Mr. Fan Dong's spouse holding rights to his shares[9] Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 706,403 thousand, an increase of 16.5% compared to RMB 606,355 thousand for the same period in 2022[19] - Gross profit decreased to RMB 127,582 thousand, down 12.4% from RMB 145,723 thousand year-on-year[19] - Operating profit for the period was RMB 34,652 thousand, a decline of 49.0% from RMB 68,098 thousand in the previous year[19] - Profit attributable to owners of the company was RMB 31,980 thousand, down 40.5% from RMB 54,017 thousand in the same period last year[19] - Basic and diluted earnings per share were RMB 0.48, compared to RMB 0.96 for the same period in 2022[19] Acquisitions and Mergers - The company acquired 99% equity of Shanghai Xuanhai Technology Co., Ltd. from Shenzhen Di Rui Intelligent Technology Co., Ltd., which is considered a business combination under common control[27] - The group acquired Zhejiang Zhongdu Property Management Co., Ltd. and Hunan Jindian Property Management Co., Ltd. for RMB 79.5 million and RMB 61.7 million respectively, enhancing its market presence through these acquisitions[88] - The company completed the acquisition of a 51% voting interest in Mianyang Ruisheng, enhancing its control over the subsidiary and its financial policies[146] - The acquisition cost for Hunan Jindian was RMB 320,000, aimed at enhancing operational efficiency and profitability in overlapping business areas[178] - The company acquired 80% of Hunan Jindian, which primarily provides property management services, to integrate strengths and reduce operational costs[178] Assets and Liabilities - Total assets as of June 30, 2023, amounted to RMB 506,612 thousand, reflecting an increase from RMB 485,907 thousand at the end of 2022[24] - The company's total assets as of June 30, 2023, were RMB 1,270,774 thousand, compared to RMB 1,261,449 thousand as of December 31, 2022, indicating a growth of approximately 0.7%[145] - The company reported a net finance income of RMB 166 thousand, compared to a net finance cost of RMB 211 thousand in the previous year[19] - The group's total liabilities related to lease obligations decreased from RMB 8,175 thousand as of December 31, 2022, to RMB 5,802 thousand as of June 30, 2023, showing improved financial management[82] - As of December 31, 2022, total liabilities amounted to RMB 787,113,000, with total equity of RMB 483,661,000, indicating a debt-to-equity ratio of approximately 1.63[191] Revenue Breakdown - Revenue from property management services was RMB 510,895,000, up 39.4% from RMB 366,254,000 in 2022[43] - Community value-added services revenue increased to RMB 100,884,000, a rise of 37.9% from RMB 73,053,000 in 2022[43] - Non-owner value-added services revenue decreased to RMB 75,225,000, down 40.4% from RMB 126,136,000 in 2022[43] - The property management services revenue for the first half of 2023 was RMB 167,737 thousand, down from RMB 182,768 thousand in the same period of 2022, representing a decrease of approximately 8.2%[137] - The community value-added services revenue decreased to RMB 35,831 thousand in H1 2023 from RMB 43,111 thousand in H1 2022, reflecting a decline of about 16.7%[137] Expenses and Costs - Employee costs for the reporting period were approximately RMB 342.5 million, an increase of 26% from approximately RMB 271.8 million for the same period in 2022[183] - The group's sales and marketing expenses for the reporting period were approximately RMB 168 million, an increase of about 58.8% compared to approximately RMB 106 million in the same period of 2022[105] - The group's research and development costs were RMB 3,010 thousand, significantly higher than RMB 85 thousand in the same period of 2022, indicating increased investment in R&D[74] - The net impairment loss on financial assets for the reporting period was approximately RMB 30 million, compared to approximately RMB 15 million in the same period of 2022, primarily due to the increase in trade receivables and the expected credit loss rate[117] - The group's financing costs for the reporting period were approximately RMB 0.2 million, a decrease of about 37.4% from RMB 0.4 million in the same period of 2022, mainly due to reduced interest expenses on lease liabilities[69] Governance and Compliance - The company has established an audit committee to ensure compliance with corporate governance codes[15] - The company expects that the application of new accounting standards will not have a significant impact on the consolidated financial statements[37][38] - The board of directors is currently evaluating the impact of the new accounting standards on the group's financial statements[33] Market Presence and Strategy - The company plans to continue expanding its market presence and investing in new technologies following the recent acquisition[30] - The company operates primarily in China, with all external revenue derived from Chinese customers[42] - The company aims to leverage the strengths of Zhejiang Zhongdu to reduce operational costs and improve management efficiency moving forward[193] - The company's financial performance reflects a strategic focus on market expansion and operational integration through acquisitions[193] Dividends and Share-Based Payments - The group declared a final dividend of RMB 0.14 per share for the year ended December 31, 2022, totaling RMB 9,379,000, approved by shareholders on June 9, 2023[106] - The company issued a total of 3,300,000 restricted share units to employees under a share-based payment plan, with performance conditions tied to profit increases of at least 50% over specified periods[138]

香港交易及結算所有限公司、香港聯合交易所有限公司及香港中央結算有限公司對本公 告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就本 公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 DOWELL SERVICE GROUP CO. LIMITED* 東原仁知城市運營服務集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2352） 截至 年 月 日止六個月 2023 6 30 之中期業績公告 本公司 年度財務資料追溯重列 2022 於2023年1月31日，本公司透過共同控制實體的業務合併取得上海眩海科技有限公司 99%股權，並對本公司2022年度財務資料進行追溯重列。詳情請參閱本公告簡明綜合財 務報表附註1、2及22。 由於有關上述收購事項之所有適用百分比率低於5%，且總代價低於3百萬港元，故上述 收購事項項下擬進行之交易獲全面豁免遵守上市規則第14章及第14A章項下之申報及公 告規定。 ...

Financial Performance - The company's revenue for the year ended December 31, 2022, was approximately RMB 1,342.5 million, an increase of 12.5% compared to RMB 1,193.4 million for the year ended December 31, 2021[7]. - The gross profit was approximately RMB 275.6 million, a decrease of 10.8% from RMB 308.9 million in the previous year, with a gross profit margin of about 20.5%, down 5.4 percentage points from 25.9%[7]. - The profit for the reporting period was approximately RMB 94.2 million, a decrease of 27.8% from RMB 130.4 million in the previous year, with profit attributable to shareholders of approximately RMB 90.7 million, down 29.5% from RMB 128.7 million[7]. - Community value-added services generated revenue of approximately RMB 275.0 million, a decrease of about 4.1% from RMB 286.9 million in the previous year, primarily due to COVID-19 restrictions affecting service delivery[26]. - Non-owner value-added services revenue decreased by approximately 17.9% to about RMB 227.7 million, down from approximately RMB 277.5 million in the same period last year, representing about 17.0% of total revenue, a decrease of approximately 6.3% compared to 2021[30]. - The company's pre-tax profit decreased by approximately 28.5% to about RMB 110.1 million, down from approximately RMB 154.0 million for the year ended December 31, 2021[46]. - The company's income tax expense decreased by approximately 32.6% to about RMB 15.9 million, compared to approximately RMB 23.6 million for the year ended December 31, 2021, primarily due to the decrease in pre-tax profit[47]. - The sales and service costs increased by approximately RMB 182.3 million or about 20.6% to approximately RMB 1,066.8 million, compared to approximately RMB 884.5 million for the year ended December 31, 2021[31]. - The company's gross profit decreased by approximately 10.8% to about RMB 275.6 million, down from approximately RMB 308.9 million for the year ended December 31, 2021[34]. - The overall gross profit margin decreased to approximately 20.5% from about 25.9% in the previous year, a decline of approximately 5.4 percentage points[35]. Revenue Breakdown - Revenue from property management services was RMB 839.8 million, accounting for 62.6% of total revenue, representing a 33.5% increase from RMB 629.0 million in the previous year[7]. - The total revenue from residential properties was RMB 505.1 million, accounting for 60.2% of total revenue, while non-residential properties generated RMB 334.6 million, making up 39.8%[18]. - Revenue from property management services accounted for approximately 62.6% of total revenue in 2022, increasing from 52.7% in 2021, with revenue of RMB 839.8 million[30]. - The revenue from projects sourced from independent third parties was RMB 427.1 million, which accounted for 50.9% of total revenue[16]. Business Expansion and Acquisitions - As of December 31, 2022, the company managed 541 contracted property management projects, with a contracted area of approximately 65.7 million square meters, an increase of 53.1% from 42.9 million square meters in the previous year[7]. - The total managed area reached approximately 50.6 million square meters, a year-on-year increase of 79.4% from 28.2 million square meters[8]. - The total managed building area from projects sourced from independent third parties increased by approximately 126.6% to about 32.0 million square meters as of December 31, 2022[14]. - The company successfully acquired two companies engaged in residential and non-residential property management services during the reporting period[14]. - The company acquired 100% of Zhejiang Zhongdu Property Management Co., Ltd. for approximately RMB 79.5 million and 80% of Hunan Jindian Property Management Co., Ltd. for approximately RMB 61.7 million, expanding its managed area by 12.5 million square meters[78]. - The company is actively seeking acquisition and investment opportunities to enhance its business operations and market presence[157]. Strategic Goals and Future Outlook - The company aims to enhance service quality and meet customer needs through a brand development strategy focused on "large property and full value"[8]. - The company plans to enhance market capabilities and expand its business portfolio in 2023, focusing on urban development strategies and optimizing project quality[66]. - The company aims to improve brand awareness, service quality, and customer satisfaction by upgrading service standards and implementing a comprehensive property service system[67]. - The company is focusing on expanding its value-added services, particularly in asset management and community services, to meet diverse customer needs[71]. - Future outlook remains positive, with management expressing confidence in achieving long-term growth targets amidst market challenges[93]. Shareholder Information - The board proposed a final dividend of RMB 0.14 per share (tax inclusive) for the year ended December 31, 2022, compared to RMB 0.80 per share in 2021[7]. - A cash dividend of RMB 0.14 per share is proposed for the year ended December 31, 2022, down from RMB 0.80 per share in 2021, pending shareholder approval[82]. - The company will withhold a 10% corporate income tax on dividends distributed to non-resident corporate shareholders, effective from June 14, 2023[117]. - As of December 31, 2022, the company's distributable reserves amounted to approximately RMB 185.4 million, an increase from RMB 113.5 million in 2021[115]. - The total share capital of the company was RMB 66,990,867, consisting of 66,990,867 shares[127]. - The largest customer accounted for 18.7% of total revenue, while the top five customers collectively represented 23.3%[126]. Compliance and Governance - The company has established compliance procedures to ensure adherence to applicable laws and regulations affecting its operations[158]. - The company has received an unqualified auditor's letter regarding its related party transactions, confirming compliance with listing rules[151]. - The supervisory board confirmed that the financial statements accurately reflect the company's actual situation without any false or misleading statements[194]. - The company strictly adhered to regulations regarding the use of net proceeds, with no illegal usage reported[197]. - Related party transactions were conducted in compliance with fair principles, and the supervisory board is unaware of any actions that could harm the company's interests[198]. Employee and Social Responsibility - The group provides social welfare insurance for full-time employees in China, including pension, medical, and unemployment insurance[176]. - The group made charitable donations totaling RMB 150,000 for the year ended December 31, 2022, compared to RMB 316,700 in 2021[186]. - The company has implemented a cultural assessment standard (KPA) to enhance employee engagement and retention, with a focus on talent development and training[73]. - The company has established a mechanism linking training certification to promotions to ensure project managers are well-trained[73].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會因本公告全部或任何部 份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 DOWELL SERVICE GROUP CO. LIMITED* 東原仁知城市運營服務集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2352） 截至2022年12月31日止年度之 年度業績公告 財務摘要 1. 本集團收益約為人民幣1,342.5百萬元，較截至2021年12月31日止年度約人民幣 1,193.4百萬元增加12.5%。 2. 本集團業務分部產生的收益如下： (a) 物業管理服務的收益為人民幣839.8百萬元，佔總收益的62.6%，較截至2021 年12月31日止年度的人民幣629.0百萬元增加約33.5%； (b) 社區增值服務的收益為人民幣275.0百萬元，佔總收益的20.4%，較截至2021 年12月31日止年度的人民幣286.9百萬元減少約4.1%；及 ...

Financial Performance - The group's revenue for the six months ended June 30, 2022, was approximately RMB 605.1 million, an increase of about 12.5% compared to RMB 537.8 million in the same period of 2021[14]. - The group's profit for the reporting period was approximately RMB 56.4 million, an increase of about 15.3% compared to RMB 48.9 million in the same period of 2021[15]. - The gross profit margin for the reporting period was approximately 24.0%, a decrease of about 1.1 percentage points from 25.1% in the same period of 2021[15]. - The community value-added services generated revenue of approximately RMB 114.0 million, a decrease of about 2.1% from RMB 116.4 million in the same period of 2021[15]. - The company's cash and cash equivalents as of June 30, 2022, were approximately RMB 218.1 million, down from RMB 249.2 million on December 31, 2021, with net cash used in operating activities of approximately RMB 76.8 million[68]. - The company reported a net profit of RMB 55,382 thousand for the six months ended June 30, 2022, compared to RMB 47,869 thousand for the same period in 2021, representing an increase of approximately 15.5%[150]. - Basic and diluted earnings per share increased to RMB 0.99 from RMB 0.96, reflecting a growth of 3.1%[140]. Revenue Breakdown - Revenue from property management services was approximately RMB 366.3 million, accounting for about 60.6% of total revenue, representing a 22.8% increase from RMB 298.3 million in the same period of 2021[15]. - The total revenue for the property management services in the first half of 2022 was approximately RMB 366.3 million, representing a 22.8% increase compared to RMB 298.3 million in the same period of 2021[28]. - The residential property management revenue accounted for 57.9% of total revenue in the first half of 2022, with a total of RMB 211.99 million[37]. - The non-residential property management revenue was RMB 154.26 million, representing 42.1% of total revenue in the same period[37]. Operational Growth - As of June 30, 2022, the group managed 521 contracted property management projects with a total contracted gross floor area of approximately 62.3 million square meters, a 61.0% increase from 38.7 million square meters as of June 30, 2021[16]. - The total managed gross floor area increased by approximately 95.9% to about 47.4 million square meters compared to 24.2 million square meters as of June 30, 2021[16]. - The number of managed property projects increased to 447 as of June 30, 2022, compared to 271 in the same period of 2021[37]. - The managed building area from projects sourced from the parent company, Dima Group, increased by approximately 27.0% to about 14.5 million square meters as of June 30, 2022[29]. - The managed building area from independent third-party projects surged by approximately 163.1% to about 29.3 million square meters as of June 30, 2022[29]. Acquisitions and Investments - The company successfully acquired two firms engaged in residential and non-residential property management services during the reporting period[29]. - The company acquired 100% of Zhejiang Zhongdu for approximately RMB 79.5 million and 80% of Hunan Jindian for approximately RMB 61.7 million, expanding its management portfolio significantly[90]. - The total managed area for Zhejiang Zhongdu is approximately 4.8 million square meters, while Hunan Jindian manages about 7.7 million square meters, enhancing the company's operational scale[90]. Corporate Governance and Shareholder Information - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange's listing rules to enhance shareholder value and ensure high standards of corporate governance[96]. - Major shareholders include Tianjin Chengfang Enterprise Management Consulting Co., Ltd., holding 25,520,000 shares, which accounts for 83.64% of the relevant class and approximately 38.09% of the total issued share capital[107]. - The board is responsible for formulating strategies and monitoring management performance to achieve sustainable growth and increase shareholder value[96]. - The company has confirmed compliance with the standards set out in the Securities Trading Code since its listing date up to the date of the interim report[97]. Future Plans and Strategies - The company plans to enhance market capabilities and expand its business portfolio, focusing on urban development strategies and optimizing project quality to increase revenue and profit[78]. - The company aims to build a market-oriented organizational talent system and training mechanism, continuously optimizing its CRM system for comprehensive market expansion management[79]. - The company will explore opportunities arising from urban governance improvements, including state-owned enterprise mixed reform opportunities in services such as sanitation, landscaping, and infrastructure operation[79]. - Investment in technology will continue to improve operational efficiency, with plans to develop an integrated online procurement system and enhance digital management capabilities[83]. - The company is expanding its value-added services, particularly in asset management and community services, to meet diverse customer needs[84]. Financial Position - The total equity of the company as of June 30, 2022, was approximately RMB 451.7 million, a 75.0% increase from RMB 258.1 million on December 31, 2021, mainly due to operating profit growth and funds raised from the successful listing of H shares[69]. - The total assets as of June 30, 2022, amounted to RMB 1,163,802 thousand, compared to RMB 964,007 thousand as of December 31, 2021, indicating a growth of 20.7%[142]. - The total liabilities decreased from RMB 258,052 thousand at the beginning of the year to RMB 451,650 thousand as of June 30, 2022, indicating a significant reduction in financial obligations[147]. - The company reported a decrease in financial asset impairment losses to RMB 1,449 thousand from RMB 3,176 thousand, a reduction of 54.4%[140]. Compliance and Reporting - The audit committee confirmed that the financial statements for the six months ended June 30, 2022, complied with applicable accounting principles and provided adequate disclosures[134]. - The financial statements are prepared in accordance with Hong Kong Accounting Standards and the relevant disclosure requirements of the Hong Kong Stock Exchange[154]. - The company has maintained compliance with all applicable corporate governance code provisions since its listing date[96].