REDCO HEALTHY(02370)

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力高健康生活(02370) - 有关更改所得款项用途之补充公告
2025-08-14 12:19
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確性或完 整性亦不發表任何聲明,並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等內容 而引致的任何損失承擔任何責任。 Redco Healthy Living Company Limited 力高健康生活有限公司 (於開曼群島註冊成立的有限公司) (股份代號:2370) 有關更改所得款項用途之補充公告 茲提述(i)力高健康生活有限公司(「本公司」)日期為二零二二年三月二十二日的招 股章程(「招股章程」),內容有關(其中包括)發行本公司新股份之所得款項(「所得款 項淨額」)計劃用途;(ii)本公司二零二二年中報、二零二二年年報、二零二三年中 報、二零二三年年報、二零二四年中報及二零二四年年報中所披露所得款項淨額之 用途;及(iii)本公司日期為二零二五年六月二十六日之公告(「該公告」)。除另有界 定者外,本公告所用詞彙與招股章程及該公告所界定者具有相同涵義。 董事會謹此補充下列有關該公告所載更改所得款項用途之資料。 與招股章程中的業務計劃一致 該公告所載的更改所得款項用途與招股章程所載的本公司業務計劃、策略及方向一 致,因 ...
力高健康生活(02370) - 董事会会议日期
2025-08-13 11:34
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確性或完 整性亦不發表任何聲明,並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等內容 而引致的任何損失承擔任何責任。 Redco Healthy Living Company Limited 力高健康生活有限公司 (於開曼群島註冊成立的有限公司) (股份代號:2370) 董事會會議日期 主席 黃若青 香港,二零二五年八月十三日 於本公告日期,執行董事為唐承勇先生、黃燕雯女士及黃燕琪女士;非執行董事為黃若青先生;及 獨立非執行董事為劉與量先生、施榮懷先生(銅紫荊星章、太平紳士)及周明笙先生。 力高健康生活有限公司(「本公司」,連同其附屬公司,「本集團」)董事(「董事」)會 (「董事會」)謹此公佈,本公司將於二零二五年八月二十八日(星期四)舉行董事會會 議,藉以考慮及批准(其中包括)本集團截至二零二五年六月三十日止六個月的中期 業績及其發佈,宣派及派付中期股息(如有),以及處理其他事項。 承董事會命 力高健康生活有限公司 ...
力高健康生活(02370) - 截至二零二五年七月三十一日止月份之股份发行人的证券变动月报表
2025-08-01 13:00
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7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: 力高健康生活有限公司 呈交日期: 2025年8月1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) | 02370 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | 本月底法定/註冊股本總額: HKD 100,000,00 ...
力高健康生活(02370) - 2024 - 年度财报
2025-04-29 10:07
Financial Performance - In 2024, the Group recorded revenue of approximately RMB419.6 million, representing a decrease of approximately 6.6% compared to RMB449.3 million in 2023[18]. - The net loss for the Group in 2024 was approximately RMB20.1 million, with total comprehensive expense amounting to approximately RMB19.9 million[18]. - Revenue from property management services increased by approximately 8.5% to approximately RMB318.8 million in 2024, driven by an increase in GFA under management and higher average management fees[54][55]. - Revenue from value-added services to non-property owners decreased by approximately 27.6% to approximately RMB51.5 million in 2024, primarily due to a significant drop in revenue from sales offices management services[56][60]. - Revenue from community value-added services fell by approximately 41.5% to approximately RMB49.4 million in 2024, attributed to reduced home renovation and decoration services[57][61]. - The gross profit of the Group decreased by approximately 9.7% from approximately RMB125.7 million for the year ended 31 December 2023 to approximately RMB113.4 million for the year ended 31 December 2024[64]. - Profit and total comprehensive income for the year decreased from approximately RMB0.6 million for the year ended 31 December 2023 to a loss of approximately RMB19.9 million for the year ended 31 December 2024[84]. Operational Metrics - As of December 31, 2024, the aggregate gross floor area under management reached approximately 21.1 million square meters, reflecting a year-on-year growth of approximately 2.8%[18]. - The aggregate contracted gross floor area reached approximately 27.3 million square meters, representing a year-on-year growth of approximately 0.7%[18]. - The Group's gross profit margin for property management services increased to approximately 24.6% for the year ended 31 December 2024 from approximately 24.2% for the year ended 31 December 2023 due to an increase in average property management fees[66]. - The gross profit margin for value-added services to non-property owners decreased from approximately 34.1% for the year ended 31 December 2023 to approximately 33.9% for the year ended 31 December 2024, primarily due to decreased contributions from sales offices management services[67]. - The gross profit margin for community value-added services decreased from approximately 35.9% for the year ended 31 December 2023 to approximately 35.6% for the year ended 31 December 2024 due to a reduction in home renovation and decoration services[68]. Strategic Initiatives - The Group implemented a "lifestyle + healthcare" dual butler service system to enhance community service and create new growth drivers[24]. - The Group focused on integrating information technology and healthcare services to sharpen regional focus and improve service quality[23]. - The company maintained a strategic focus on quality service, deepening value-added services and integrating technology with healthcare operations[26]. - The dual butler service system will be improved using AI algorithms and big data analysis to provide personalized service experiences[135]. - The company aims to enhance digital service capabilities and operational efficiency through smart technology applications[29]. - The Group plans to consolidate its market leadership in economically developed regions by integrating technology development and low-carbon economy trends[133]. Cost Management and Financial Stability - The Group emphasized strict cost management and resource optimization to ensure financial stability and security[21]. - The cost of services decreased by approximately 5.4% to approximately RMB306.2 million in 2024, mainly due to lower cleaning expenses and direct material costs[59][62]. - Administrative expenses decreased by approximately 2.9% from approximately RMB57.9 million for the year ended 31 December 2023 to approximately RMB56.2 million for the year ended 31 December 2024[76]. - The Group will continue to strengthen its internal control systems and risk management to ensure steady growth in a complex market environment[41]. Leadership and Management - The Group has a strong leadership team with diverse backgrounds in real estate, management, and corporate governance[161]. - The management team is committed to implementing effective business strategies to drive growth and market expansion[159]. - The company emphasizes the importance of independent advice in its operations and management from its independent directors[160]. Sustainability and ESG Commitment - The company was recognized as the "Outstanding Enterprise in ESG Development of Chinese Property Service in 2024," reflecting its commitment to low-carbon development and sustainable practices[27]. - The company is committed to building a green, healthy, and sustainable living environment through investments in green technology[30]. - Continuous investment in green technology and sustainable development is a priority to contribute positively to environmental protection and low-carbon economy[137]. Market Position and Future Outlook - The Group's ranking among China's Top 100 Property Management Companies improved to 33rd[21]. - In 2025, the company aims to consolidate its market leadership in economically developed regions by expanding service scale and enhancing value-added services[29]. - The company aims to strengthen its market leadership in economically developed regions by 2025, leveraging its core competencies in property services[136].
力高健康生活(02370) - 2024 - 年度业绩
2025-03-27 14:16
Financial Performance - For the fiscal year ending December 31, 2024, the revenue was approximately RMB 419.6 million, a decrease of about 6.6% compared to RMB 449.3 million for the fiscal year ending December 31, 2023[3]. - The gross profit for the fiscal year ending December 31, 2024, was approximately RMB 113.4 million, down about 9.7% from RMB 125.7 million for the fiscal year ending December 31, 2023[3]. - The net loss for the fiscal year ending December 31, 2024, was approximately RMB 20.1 million, compared to a net profit of approximately RMB 0.3 million for the fiscal year ending December 31, 2023[3]. - Total revenue for the year ended December 31, 2024, was RMB 419,635,000, a decrease of 6.6% from RMB 449,273,000 in 2023[22]. - The company reported a loss before tax of RMB 11,254,000 for the year ended December 31, 2024, compared to a profit of RMB 6,934,000 in 2023[24]. - The company reported a significant increase in receivables over 365 days, rising to RMB 91,157,000 in 2024 from RMB 74,363,000 in 2023, an increase of approximately 22.6%[42]. - The total profit and comprehensive income decreased from approximately RMB 0.6 million for the year ended December 31, 2023, to a loss of approximately RMB 19.9 million for the year ended December 31, 2024[76]. Revenue Breakdown - Property management services generated revenue of RMB 318,785,000, up 8.5% from RMB 293,752,000 in the previous year[22]. - Community value-added services revenue decreased by 33.9% to RMB 47,252,000 from RMB 71,497,000[22]. - Non-owner value-added service revenue decreased by approximately 27.6% to about RMB 51.5 million for the year ended December 31, 2024, from approximately RMB 71.2 million for the year ended December 31, 2023[61]. - Community value-added service revenue decreased by approximately 41.5% to about RMB 49.4 million for the year ended December 31, 2024, from approximately RMB 84.4 million for the year ended December 31, 2023[62]. Assets and Liabilities - The total assets less current liabilities as of December 31, 2024, were approximately RMB 314.4 million, compared to RMB 337.7 million as of December 31, 2023[7]. - The company's total assets as of December 31, 2024, were RMB 591,493,000, down from RMB 617,227,000 in 2023[27]. - The company's cash and cash equivalents as of December 31, 2024, were approximately RMB 137.5 million, down from RMB 178.9 million as of December 31, 2023[7]. - The company's total liabilities decreased, with current liabilities dropping significantly due to the repayment of borrowings[50]. Corporate Governance and Compliance - The company established an independent committee on April 6, 2023, to investigate three audit matters raised by the previous auditor[11]. - The independent committee has engaged an independent professional advisor to assist in the inquiry process[11]. - The company has identified deficiencies in corporate governance and internal controls during the inquiry[11]. - The company announced that it has met all resumption guidance and its shares will resume trading on October 28, 2024[12]. Dividends and Shareholder Information - The company decided not to declare a final dividend for the fiscal year ending December 31, 2024[4]. - The board did not recommend the declaration of a final dividend for the year ended December 31, 2024, consistent with the previous year[101]. - The annual report for the fiscal year ending December 31, 2024, will be sent to shareholders and published on the company's website at an appropriate time[111]. Management Changes - Mr. Tang Chengyong has resigned as President effective March 27, 2025, but will remain as an Executive Director[112]. - Mr. Yang Zhenqiu has been appointed as President effective March 27, 2025, bringing over 25 years of experience in property management[113]. - Mr. Yang will receive an annual salary of RMB 800,000 as per the service contract established with the company[114]. Cost Management - Employee costs decreased from RMB 162,273 thousand in 2023 to RMB 154,469 thousand in 2024, reflecting a reduction of approximately 4.9%[31]. - General and administrative expenses decreased by approximately 2.9% from about RMB 57.9 million for the year ended December 31, 2023, to approximately RMB 56.2 million for the year ended December 31, 2024, due to a reduction in employee benefits expenses resulting from a decrease in average administrative and HR personnel[71]. - The company's service costs decreased from RMB 323,601 thousand in 2023 to RMB 306,206 thousand in 2024, indicating a decrease of approximately 5.4%[31]. Financial Reporting Standards - The company has applied new Hong Kong Financial Reporting Standards effective from January 1, 2024, with no significant impact on financial performance[15]. - The company expects that the application of other new financial reporting standards will not have a significant impact on its consolidated financial statements in the foreseeable future[19]. Risk Management - The company emphasized the importance of risk management and internal control systems to navigate the complex market environment[52].
力高健康生活(02370) - 2024 - 中期财报
2024-09-25 08:32
Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 212,119,000, a decrease of 9.0% compared to RMB 233,152,000 in 2023[42]. - Gross profit for the same period was RMB 57,179,000, down 19.9% from RMB 71,422,000 in 2023[42]. - Profit attributable to owners of the Company decreased by 63.3% to RMB 7,723,000 from RMB 20,969,000 in 2023[42]. - Earnings per share attributable to owners of the Company dropped by 92.1% to RMB 0.54 from RMB 6.82 in 2023[42]. - Profit for the six months ended June 30, 2024, was approximately RMB 7.7 million, a decrease of approximately 63.3% from the previous year's profit[50][51]. - The Group's profit and other comprehensive income for the six months ended June 30, 2024, was approximately RMB 8.3 million, a decrease of approximately 60.8% from approximately RMB 21.2 million in the same period of 2023[50][51]. - Total comprehensive income for the period was RMB 8,283,000, a decrease of 61.0% from RMB 21,214,000 in 2023[108]. - The company reported a consolidated profit for the year of RMB 7,723,000 after accounting for income tax expenses of RMB 3,898,000[138]. Assets and Liabilities - Total assets as of June 30, 2024, were RMB 594,014,000, a decline of 3.8% from RMB 617,227,000 at the end of 2023[42]. - Total liabilities decreased by 8.8% to RMB 261,701,000 from RMB 286,970,000 in 2023[42]. - Total equity increased slightly by 0.6% to RMB 332,313,000 from RMB 330,257,000 at the end of 2023[42]. - Trade receivables increased from approximately RMB 224.9 million as of December 31, 2023, to approximately RMB 259.9 million as of June 30, 2024, due to an increase in the number of projects and GFA under management[73]. - The Group's cash and cash equivalents decreased from approximately RMB 178.9 million as of December 31, 2023, to approximately RMB 124.1 million as of June 30, 2024[79]. - The Group's net current assets increased from approximately RMB 186.2 million as of December 31, 2023, to approximately RMB 197.6 million as of June 30, 2024[80]. - The current ratio improved from approximately 1.7 times as of December 31, 2023, to approximately 1.8 times as of June 30, 2024[80]. - The gearing ratio decreased from 4.4% as of December 31, 2023, to 3.8% as of June 30, 2024[80]. Revenue Segmentation - Revenue from property management services increased by approximately 14.8% from approximately RMB 147.5 million for the six months ended June 30, 2023, to approximately RMB 169.2 million for the same period in 2024[57][58]. - The property management services segment accounted for approximately 79.8% of total revenue, while community value-added services contributed approximately 8.6%[56]. - Revenue from value-added services to non-property owners decreased by approximately 56.2% from approximately RMB 41.8 million for the six months ended 30 June 2023 to approximately RMB 18.3 million for the six months ended 30 June 2024[59]. - Revenue from community value-added services decreased by approximately 44.0% from approximately RMB 43.9 million for the six months ended 30 June 2023 to approximately RMB 24.6 million for the six months ended 30 June 2024[59]. - Revenue from community healthcare services of RMB 4,319,000, down from RMB 7,861,000 in the previous year, reflecting a decline of 45.5%[134]. - Revenue from IT and intelligent construction services recognized over time was RMB 2,508,000, compared to RMB 6,758,000 in the same period last year, a decrease of 63.0%[134]. Cost and Expenses - Cost of services decreased by approximately 4.2% from approximately RMB 161.7 million for the six months ended 30 June 2023 to approximately RMB 154.9 million for the six months ended 30 June 2024[59]. - The gross profit margin of the Group decreased from approximately 30.6% for the six months ended 30 June 2023 to approximately 27.0% for the six months ended 30 June 2024[60]. - The gross profit margin for property management services slightly decreased from approximately 24.8% for the six months ended 30 June 2023 to approximately 24.3% for the six months ended 30 June 2024[61]. - The gross profit margin for value-added services to non-property owners decreased from approximately 40.3% for the six months ended 30 June 2023 to approximately 36.6% for the six months ended 30 June 2024[62]. - The gross profit margin for community value-added services decreased from approximately 41.0% for the six months ended 30 June 2023 to approximately 38.1% for the six months ended 30 June 2024[65]. - Selling and marketing expenses increased to approximately RMB 1.0 million for the six months ended 30 June 2024 from approximately RMB 0.8 million for the six months ended 30 June 2023[67]. - General and administrative expenses decreased from approximately RMB 33.4 million for the six months ended 30 June 2023 to approximately RMB 32.9 million for the six months ended 30 June 2024[71]. - Impairment losses on financial assets increased from approximately RMB 8.3 million for the six months ended 30 June 2023 to approximately RMB 13.8 million for the six months ended 30 June 2024[71]. Corporate Governance and Compliance - The Company did not declare any interim dividend for the six months ended 30 June 2024, consistent with the previous year where no dividend was declared[92]. - The Company has engaged an independent internal control consultant to review its internal control system, with findings to be announced upon completion[92]. - The Audit Committee reviewed the unaudited interim condensed consolidated financial information for the six months ended June 30, 2024[93]. - The Company has complied with all applicable code provisions of the Corporate Governance Code during the reporting period[92]. - The Company intends to utilize the net proceeds from the Global Offering for the purposes outlined in the Prospectus[93]. - The Company will continue to monitor its corporate governance practices to ensure compliance with the Corporate Governance Code[92]. - The Audit Committee consists of three independent non-executive Directors, ensuring oversight of financial reporting matters[93]. Strategic Plans and Future Outlook - The Group aims to leverage core competitiveness to consolidate market position in economically developed regions and deepen service innovation through internal growth and resource integration[52]. - The company plans to acquire other property management companies focused on residential projects, targeting a 38.5% increase in business scale by December 31, 2024[95]. - The company aims to enhance its smart community management systems, including smart parking and visitor management, with a projected improvement of 9.0% in customer experience by December 31, 2024[95]. - The company intends to upgrade its information technology infrastructure, with a budget allocation of 15.0% of net proceeds for this initiative by December 31, 2024[95]. - The company is expanding its community healthcare services, with a goal of increasing service offerings by 10.0% by December 31, 2024[95]. - The expected timeline for the utilization of unutilized net proceeds is subject to change based on future business developments and market conditions[97]. Related Party Transactions - The Group is controlled by TGI, which owns 75% of the Company's shares, with the remaining 25% widely held[200]. - Related parties include several joint ventures and associates, such as Jiangxi Province Guogao Property and Nanchang Yingmei Property[200]. - The financial report indicates a focus on maintaining strong relationships with related parties for operational synergy[200]. - The Group has multiple related party transactions with associates and joint ventures[200]. Market Conditions and Industry Trends - The property management industry is focusing on business adjustment and resource integration, enhancing service quality and efficiency[44]. - The rapid development of AI technology and low-carbon energy is reshaping the property management industry, emphasizing the need for innovative and personalized services[45]. - Integration of upstream and downstream resources with actual business models is crucial for driving future development in the industry[45]. - The downturn in the real estate industry in the PRC has led to a substantial increase in impairments of trade and other receivables, resulting in defaults and cross-defaults of borrowings for Redco Properties Group[90].
力高健康生活(02370) - 2024 - 中期业绩
2024-08-28 10:35
Financial Performance - For the six months ended June 30, 2024, the company's revenue was approximately RMB 212.1 million, a decrease of about 9.0% compared to RMB 233.2 million for the same period in 2023[1]. - The gross profit for the same period was approximately RMB 57.2 million, down about 19.9% from RMB 71.4 million in 2023, resulting in a gross margin of approximately 27.0% compared to 30.6% in the prior year[1]. - The net profit for the six months ended June 30, 2024, was approximately RMB 7.7 million, a significant decrease of about 63.3% from RMB 21.0 million in 2023[1]. - The company’s operating profit for the six months was approximately RMB 10.8 million, down from RMB 29.3 million in the previous year[3]. - The company reported a total comprehensive income of RMB 8.3 million for the period, compared to RMB 21.2 million in 2023[4]. - Basic earnings per share for the six months ended June 30, 2024, were RMB 1,073, compared to RMB 13,639 for the same period in 2023[32]. - Profit for the period decreased from approximately RMB 21.0 million to about RMB 7.7 million, with profit attributable to owners decreasing from approximately RMB 13.6 million to about RMB 1.1 million[64]. Revenue Breakdown - Total revenue from external customers reached RMB 212,119,000, with property management contributing RMB 202,226,000, elderly care services RMB 4,319,000, and other services RMB 5,574,000[21]. - Property management services generated revenue of RMB 169,230,000 for the six months ending June 30, 2024, compared to RMB 147,455,000 in the previous year, reflecting an increase of about 14.7%[17]. - Revenue from community value-added services decreased to RMB 20,268,000 for the six months ending June 30, 2024, down from RMB 36,062,000 in the previous year, indicating a decline of approximately 43.8%[17]. - IT and smart construction services revenue fell to RMB 2,508,000 for the six months ending June 30, 2024, compared to RMB 6,758,000 in the same period last year, a decrease of about 63.0%[17]. - Revenue from non-owner value-added services decreased by 56.2% to RMB 18.3 million, while community value-added services decreased by 44.0% to RMB 24.6 million[49][52]. Assets and Liabilities - The company’s total assets less current liabilities amounted to RMB 343.6 million as of June 30, 2024, compared to RMB 337.7 million at the end of 2023[6]. - The company’s equity attributable to shareholders was RMB 332.3 million, slightly up from RMB 330.3 million at the end of 2023[7]. - Total assets as of June 30, 2024, amounted to RMB 594,014,000, with reportable segment assets of RMB 316,683,000 in property management and RMB 213,939,000 in elderly care services[22]. - Reportable segment liabilities totaled RMB 252,652,000, with property management liabilities at RMB 15,527,000 and elderly care services at RMB 216,584,000[22]. - The company’s total liabilities increased to RMB 69,761,000 as of June 30, 2024, from RMB 72,740,000 as of December 31, 2023[38]. Cash Flow and Financing - As of December 31, 2022, the net cash flow to the parent company, 力高地產集團, was approximately RMB 107.5 million, primarily related to non-trade payables and refundable deposits[12]. - The actual interest rate on bank and other borrowings as of June 30, 2024, was approximately 4.68%, down from 5.85% as of December 31, 2023[41]. - Bank and other borrowings decreased from approximately RMB 14.6 million to approximately RMB 12.7 million, with cross-default clauses triggered due to the default of the controlling shareholder[72]. - Cash and cash equivalents decreased from approximately RMB 178.9 million to approximately RMB 124.1 million[73]. Employee and Operational Metrics - The total employee cost for the six months ended June 30, 2024, was approximately RMB 84.1 million, compared to RMB 85.1 million for the same period in 2023, with a total of 1,990 full-time employees[83]. - Employee costs increased to RMB 84,105,000 from RMB 85,100,000 year-on-year, with salaries and allowances at RMB 66,753,000[28]. - The company ranked 33rd among the top 100 property management companies in China in 2024, up from 35th in 2023[46]. Strategic Initiatives - The company plans to acquire nine target companies, with a refundable deposit of approximately RMB 30.8 million paid during the period from October to December 2022[11]. - The company plans to expand into health and smart technology sectors, enhancing community value-added services and promoting sustainable development[47]. - The company aims to integrate emerging technologies and sustainable development trends to deepen service innovation and expand project dimensions in the second half of 2024[47]. Compliance and Governance - The company is currently fulfilling the resumption guidance provided by the stock exchange, which includes conducting a legal investigation and publishing the results[84]. - An independent internal control consultant has been appointed to audit the company's internal control systems as part of the resumption guidance[87]. - The audit committee has reviewed the accounting standards and practices adopted by the group for the six months ended June 30, 2024[89].
力高健康生活(02370) - 2023 - 年度财报
2024-05-30 08:41
Financial Performance - As of December 31, 2023, the Group's cash and cash equivalents amounted to approximately RMB178.9 million, an increase of 19.5% from RMB149.1 million as of December 31, 2022[3] - The Group's net current assets as of December 31, 2023, were approximately RMB186.2 million, a decrease of 7.5% from RMB200.7 million as of December 31, 2022[3] - The current ratio as of December 31, 2023, was approximately 1.7, down from 1.8 as of December 31, 2022[3] - The gearing ratio improved to 4.4% as of December 31, 2023, compared to 5.5% as of December 31, 2022[3] - The Group had no material capital commitments as of December 31, 2023, consistent with the previous year[3] - There were no material contingent liabilities as of December 31, 2023, unchanged from December 31, 2022[3] - The Group's bank and other borrowings amounted to RMB9,432,000 as of December 31, 2023, down from RMB10,161,000 in 2022, secured by properties with a carrying amount of RMB28,358,000[3] Management and Strategy - The management team is focused on enhancing operational efficiency and expanding the Group's market presence through strategic initiatives[17][18] - The Group aims to leverage technology to improve service delivery and operational management in property management[18][19] - Future strategies include exploring new market opportunities and potential acquisitions to drive growth[17][18] - The Group is committed to continuous improvement in service quality and customer satisfaction in property management[17][18] - The management team emphasizes the importance of professional development and training for staff to maintain competitive advantage[19] - The Group's leadership is well-equipped to navigate the challenges of the property management sector and capitalize on emerging trends[17][18] Workforce and Diversity - As of 31 December 2023, the Group employed 1,187 male employees (56%) and 948 female employees (44%), indicating a gender diversity ratio of 56:44[32] - The Group's workforce includes 340 employees below 30 years old (16%), 1,058 employees aged from 30 to 50 (50%), and 737 employees above 50 (34%)[32] - The Company has implemented recruitment and selection measures to enhance workplace diversity and has established talent management and training programs[34] - The Company aims to maintain at least the current level of female representation on the Board[106] Corporate Governance - The Company has adopted the Corporate Governance Code and complied with all applicable code provisions during the year ended 31 December 2023, except for certain deviations[95] - The Board comprises three executive Directors, one non-executive Director, and three independent non-executive Directors as of the date of the annual report[100] - The Company has complied with the Listing Rules, ensuring at least three independent non-executive Directors are appointed[104] - The Nomination Committee reviews the board diversity policy annually to ensure its effectiveness[106] - The Board reserves decision-making for major matters, including financial information and appointment of Directors[119] - The daily management and operation of the Group are delegated to senior management, with periodic reviews by the Board[119] Risk Management - The Company has established a written risk management policy and maintains a risk register for identification, assessment, and reporting[167] - The management team completed a risk assessment for the Group and reported the findings to the Board and Audit Committee on February 26, 2024[169] - The Board is responsible for reviewing the effectiveness of the risk management and internal control systems at least annually[162] - The Group's risk management systems cover all operational departments to manage key factors affecting strategic objectives[162] - The Company has rolled out training programs to enhance risk awareness among staff, balancing business expansion and risk management[164] Anti-Corruption Measures - The Group reported no incidents of corruption against its members for the year ended December 31, 2023[1] - Anti-corruption training was provided to management and staff, focusing on materials from the ESG Academy by HKEX for the year ended December 31, 2023[1] - The Group has established binding integrity agreements with suppliers to prevent bribery and collusion[1] - The Group's risk management department processes reports of abuse, which are then scrutinized by the internal audit department[1] - The Group is committed to strengthening its anti-corruption system to promote good corporate governance[1] Financial Disclosures and Transactions - The Company aims to ensure that disclosed information is not misleading and is communicated in a timely manner[164] - The Company has a shareholders' communication policy that aims to establish a two-way relationship and maintain an updated website for public access to information[194] - The Directors confirmed their responsibility for preparing financial statements that provide a true and fair view of the Company's affairs and results[179] - The Company has not established a written policy regarding risk management, which is required by the CG Code[198] Board Meetings and Committees - The Company held four board meetings and zero shareholder meetings during the year ended December 31, 2023[116] - The Audit Committee held six meetings during the year ended December 31, 2023, to discuss various matters including the auditor's appointment and internal control reviews[148] - The Remuneration Committee did not hold any meetings during the year ended December 31, 2023, due to delays in the publication of the Group's annual results[131] - The Nomination Committee did not hold any meetings during the year ended December 31, 2023, due to delays in the publication of the Group's annual results[153]
力高健康生活(02370) - 2023 - 年度财报
2024-05-30 08:38
Corporate Governance - The Company is committed to maintaining high standards of corporate governance practices[29]. - The Company will continue to review and monitor its corporate governance practices to ensure compliance with the Corporate Governance Code[47]. - The Board recognizes corporate governance as a collective responsibility, including compliance with legal and regulatory requirements[68]. - The Company has complied with the disclosure requirements under the Listing Rules regarding related party transactions[40]. - The Board has ensured that all Directors have acted in good faith and in compliance with applicable laws and regulations[36]. - The Company has adopted a code of conduct for securities transactions that meets or exceeds the Model Code standards[64]. - The Company has implemented appropriate liability insurance for directors, which is reviewed annually[75]. - The Company has a whistleblowing policy that is reviewed and monitored for compliance[68]. - The Board comprises seven members, including two female Directors, achieving gender diversity at the Board level[79]. - The Company aims to maintain at least the current level of female representation on the Board[79]. - The Nomination Committee reviews the board diversity policy and its implementation annually to ensure effectiveness[80]. - The Board has established mechanisms to ensure independent views are available, including seeking independent professional advice when necessary[80]. - All Directors have equal opportunity to communicate with the Board and access management independently[80]. - The Company has complied with Listing Rules regarding the appointment of independent non-executive Directors, ensuring at least one-third representation[78]. - The Board has a balanced mix of experiences, including property development, finance, and auditing[79]. - Independent non-executive Directors are invited to serve on key committees, enhancing governance and oversight[78]. - The Company has adopted a code of conduct for employee securities transactions that meets or exceeds standard code requirements[88]. - The Board reserves decision-making for all major matters, including overall strategies, budgets, and significant financial transactions[90]. - The Company provides regular updates on performance, position, and prospects to ensure directors can effectively discharge their duties[81]. - The Audit Committee is responsible for reviewing the adequacy and effectiveness of the company's financial reporting, internal control, and risk management systems[125]. - The Company encourages directors to seek independent professional advice at its expense to fulfill their duties[90]. Risk Management - The Company has established a written risk management policy and maintained a register of risks to ensure effective identification and reporting of major risks to the Board[47]. - The management team completed a risk assessment on the Group and reported the findings to the Board and the Audit Committee on February 26, 2024[47]. - The Board is responsible for the Company's risk management and internal control systems, which are reviewed at least annually[110]. - The Group's risk management and internal control systems cover all major control aspects, including financial, operational, and compliance controls[110]. - The Company has established a three-layer structure for risk management, with business departments as the first layer, functional centers as the second layer, and the internal audit team as the final layer[113]. - The first layer of risk management is responsible for identifying, measuring, and controlling risks in respective business fields[113]. - The second layer formulates rules and standards for subsidiaries/business units to ensure effective risk management[113]. - The third layer focuses on independent monitoring of the effectiveness of the Group's risk solutions and measures[113]. - The management team is required to submit a risk assessment report to the board at least annually[117]. - The risk management policy includes a risk register for identifying, assessing, and reporting risks[117]. - The Group has implemented training programs to enhance risk awareness among staff, ensuring a balance between business expansion and risk management[161]. Financial Performance - The Group recorded revenue of RMB 437.1 million for the year ended December 31, 2022, representing a year-on-year increase of 23.4%[192]. - The total profit and comprehensive income for the year amounted to RMB 22.89 million, with profit attributable to owners of the Company at RMB 16.1 million[192]. - The total managed gross floor area reached 19.6 million square meters, an increase of 24.0% year-on-year, while the total contracted gross floor area was 26.7 million square meters, up by 9.1%[192]. - The Group's ranking among China's Top 100 Property Management Companies improved to 37th, reflecting its enhanced market position[193]. - The Group has implemented diversified business expansion strategies while maintaining prudent financial management principles[193]. - Cost control and optimized resource allocation have contributed to the Group's financial stability and security[193]. - The value-added services provided by the Group have been widely recognized in the market for their uniqueness[193]. Legal and Compliance - As of December 31, 2022, the Company was not engaged in any litigation or arbitration of material importance[26]. - The Company has not entered into any equity-linked agreements during the Reporting Period[21]. - The Company’s shares have been suspended from trading since March 29, 2023, due to delays in publishing financial results[27]. - The Company is currently fulfilling the conditions set by the Stock Exchange for resuming trading, including conducting a legal investigation[27]. - The Group was unable to publish its annual results for the two years ended December 31, 2023, and interim results for the period ended June 30, 2023, due to certain incidents, leading to the suspension of trading of the Company's shares since March 29, 2023[41]. - The Company is currently fulfilling the Resumption Guidance provided by the Stock Exchange, which includes conducting a forensic investigation and announcing the findings[41]. - The Company acknowledges material uncertainty that may cast significant doubt upon its ability to continue as a going concern, as detailed in the financial statements[138]. - The independent auditor issued a modified opinion on the consolidated financial statements, indicating material uncertainty regarding the Group's ongoing viability[156]. Shareholder Engagement - The Company considers effective communication with Shareholders essential for enhancing investor relations and understanding of its business[145]. - The Company has reviewed the implementation and effectiveness of its shareholders' communication policy, finding it effective and adequate[145]. - The Company will ensure that all resolutions at general meetings are voted by poll, with results posted on the Company and Stock Exchange websites in a timely manner[169]. - Shareholders holding at least one-tenth of the paid-up capital may requisition an extraordinary general meeting to propose resolutions[176].
力高健康生活(02370) - 2023 - 年度业绩
2024-04-24 14:55
Financial Performance - For the year ended December 31, 2023, the revenue was approximately RMB 449.3 million, an increase of about 2.8% compared to RMB 437.1 million for the year ended December 31, 2022[3]. - The gross profit for the year ended December 31, 2023, was approximately RMB 125.7 million, a decrease of about 12.0% from RMB 142.9 million for the previous year[3]. - The net profit for the year ended December 31, 2023, was approximately RMB 0.3 million, a decrease of about 97.3% compared to RMB 10.0 million for the year ended December 31, 2022[3]. - The operating profit for the year ended December 31, 2023, was RMB 5.97 million, a significant decrease from RMB 16.02 million for the previous year[5]. - The company reported a net profit of RMB 267,000 for the year ended December 31, 2023, a decrease from RMB 9,953,000 in 2022[29][30]. - Total revenue for the year ended December 31, 2023, was RMB 449.27 million, compared to RMB 437.11 million in 2022, reflecting a growth of 2.6%[25]. Revenue Segmentation - The company reported revenue from property management services of RMB 293.75 million for the year ended December 31, 2023, an increase of 14.5% from RMB 256.50 million in 2022[25]. - The company’s revenue from community value-added services increased to RMB 71.50 million in 2023 from RMB 53.22 million in 2022, marking a growth of 34.3%[25]. - The revenue from non-owner value-added services decreased by approximately 35.4% to about RMB 71.2 million for the year ended December 31, 2023, from approximately RMB 110.2 million for the year ended December 31, 2022[83]. - The revenue from community value-added services increased by approximately 19.7% to about RMB 84.4 million for the year ended December 31, 2023, compared to approximately RMB 70.5 million for the year ended December 31, 2022[85]. Assets and Liabilities - The total assets less current liabilities as of December 31, 2023, were RMB 337.73 million, a slight decrease from RMB 341.83 million as of December 31, 2022[9]. - The total liabilities as of December 31, 2023, were RMB 286,970,000, compared to RMB 254,070,000 in 2022, representing an increase of approximately 12.96%[30]. - The total comprehensive assets as of December 31, 2023, amounted to RMB 617,227,000, compared to RMB 586,699,000 in 2022, indicating an increase of approximately 5.22%[30][32]. - Trade receivables increased to RMB 329,604,000 in 2023 from RMB 243,362,000 in 2022, with a significant rise in receivables from related parties to RMB 133,160,000[50]. Dividends and Share Capital - The company decided not to declare a final dividend for the year ended December 31, 2023[4]. - The company did not recommend any final dividends for the years ended December 31, 2023, and 2022[42]. - The company's issued share capital increased to 1,000,000,000 shares with a par value of RMB 0.1 per share as of December 31, 2023[67]. Employee and Operational Metrics - The total employee cost for the year ended December 31, 2023, was approximately RMB 162.3 million, a decrease from RMB 175.0 million for the year ended December 31, 2022[125]. - The group employed 2,135 full-time employees as of December 31, 2023, down from 2,449 employees as of December 31, 2022[125]. Audit and Compliance - The company is currently undergoing an internal control audit as part of compliance with the listing rules and has engaged an independent internal control consultant[132]. - The new auditor, Yongtuo Fuxin, has been appointed effective June 30, 2023, replacing the previous auditor, PwC[140]. - The audit committee has reviewed the accounting standards and policies adopted by the group for the year ending December 31, 2023, in collaboration with the external auditor[139]. Financial Ratios - The group's current ratio was approximately 1.7 times as of December 31, 2023, compared to 1.8 times as of December 31, 2022[114]. - The debt-to-equity ratio was 4.4% as of December 31, 2023, down from 5.5% as of December 31, 2022[115].