（股份代號：2455） 自願公告 集團在拓展山東省外的物業管理服務業務和 不同的物業管理服務業態方面取得積極進展 本公告乃由 潤華生活服务集團控股有限公司（「本公司」，連 同 其 附 屬 公 司 統 稱「本 集 團」）自 願 作 出，以 向 本 公 司 股 東（「股 東」）及 潛 在 投 資 者 提 供 本 集 團 的 最 新 業 務 發展情況。 本公司欣然宣佈，(i)本公司的物業管理服務業務，除深耕山東區域為主，也拓展 到 多 個 其 他 省 份，公 司 的 物 業 管 理 服 務 近 期 在 寧 夏 回 族 自 治 區、江 蘇 省 的 業 務 出 現 了 跨 越 式 增 長，公 司 先 後 簽 約 寧 夏 回 覆 自 治 區 婦 幼 保 健 院、江 蘇 省 靖 江 市 人民醫院，及(ii)本公司除深耕醫院物業管理之外，在其他業態上也有較大突破， 公 司 先 後 簽 約 康 復 大 學、山 東 特 殊 教 育 職 業 學 院 及 山 東 中 醫 藥 大 學 的 物 業 管 理 服務。 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 ...

Financial Performance - The company achieved a revenue of RMB 903.691 million for the year ended December 31, 2024, representing a year-on-year growth of 17.6%[10] - Gross profit for the same period was approximately RMB 127.886 million, a decrease of 4.0% compared to the previous year[10] - The company's net profit attributable to shareholders was RMB 45.558 million, an increase from RMB 41.459 million in 2023[8] - Total assets as of December 31, 2024, amounted to RMB 735.047 million, up from RMB 715.549 million in 2023[9] - Total revenue increased by RMB 135.3 million or 17.6% to RMB 903.7 million for the year ending December 31, 2023, primarily driven by the property management segment's growth from RMB 701.9 million to RMB 841.8 million[23] - The overall gross margin decreased by 3.1 percentage points to 14.2% from 17.3% in 2023, mainly due to a reduction in the gross margin of property management services[30] - Net profit increased by RMB 3.8 million or 8.9% to RMB 45.5 million from RMB 41.7 million for the year ended December 31, 2023, while the net profit margin decreased to 5.0% from 5.4% due to reduced gross margins[39] Revenue Segmentation - Property management services accounted for 93.2% of total revenue, with hospital contributions rising from RMB 296.7 million to RMB 378.7 million, reflecting a 27.6% increase[24] - The company reported a significant increase in property management revenue from RMB 18.1 million to RMB 21.0 million, marking a growth of 15.7%[11] - Hospital property management revenue grew from RMB 296.7 million in 2023 to RMB 378.7 million in 2024[12] - The property engineering and landscaping services segment generated revenue of RMB 35.0 million, representing 3.9% of total revenue, a decrease attributed to the completion of several large projects[25] - Rental services from property investments contributed RMB 21.0 million, or 2.3% of total revenue, due to leasing a large investment property in Jinan[27] Strategic Plans and Market Position - The company plans to strengthen its market position in Shandong, particularly in hospital property management services, through internal growth and strategic acquisitions[15] - The group plans to expand its business in key cities through mergers, strategic partnerships, and competitive bidding, focusing on Shandong Province due to ongoing economic growth and urbanization in China[16] - The group aims to enhance its market share in Shandong Province and expand into developed regions like the Yangtze River Delta and Beijing-Tianjin-Hebei through acquisitions and partnerships[16] - The group will continue to focus on value-added services as a priority for future development[16] Cost and Expenses - Total service costs for the group amounted to RMB 775.8 million, an increase of RMB 140.6 million or 22.1% compared to RMB 635.2 million in the same period of 2023[28] - Administrative expenses decreased by RMB 5.3 million or 6.7% to RMB 73.4 million from RMB 78.7 million for the year ended December 31, 2023, mainly due to reduced listing expenses[35] - Financial costs decreased by RMB 1.4 million or 14.0% to RMB 8.4 million from RMB 9.7 million for the year ended December 31, 2023, primarily due to reduced interest on lease liabilities[36] Assets and Liabilities - The total liabilities as of December 31, 2024, were RMB 381.710 million, compared to RMB 374.572 million in 2023[9] - Trade receivables and bills receivable increased by RMB 65.3 million or 33.7% to RMB 258.9 million from RMB 193.6 million as of December 31, 2023, driven by growth in property management services for hospitals with longer settlement periods[43] - Trade payables increased by approximately RMB 35.4 million or 71.2% to RMB 85.2 million from approximately RMB 49.7 million as of December 31, 2023, consistent with the increase in trade receivables[45] Corporate Governance and Compliance - The board is committed to high standards of corporate governance and has adopted the principles and code provisions of the Corporate Governance Code[188] - The company emphasizes ethical conduct and corporate governance in all business operations[187] - The board consists of two executive directors, three non-executive directors, and three independent non-executive directors, ensuring a balanced composition for effective governance[195] - The independent non-executive directors have reviewed the ongoing related transactions and confirmed their compliance with listing rules[172] Shareholder and Market Information - The group successfully listed on the Hong Kong Stock Exchange on January 17, 2023, issuing 75,000,000 shares at a price of HKD 1.70 per share, raising net proceeds of HKD 89.9 million[19] - The board believes that the public listing will enhance the company's image, brand recognition, and market reputation, facilitating future financing opportunities[22] - The company raised a net amount of HKD 89.9 million from its global offering, with shares priced at HKD 1.70 each[109] Employee and Labor Relations - The group employed 11,682 employees as of December 31, 2024, an increase from 9,906 employees in 2023[59] - The group has maintained a prudent financial management approach to ensure a healthy liquidity position during the reporting period[55] Risk Management - The group has identified significant risks that could adversely affect its business performance and financial condition, including the inability to secure new property management agreements[88] - The group emphasizes the importance of risk management for effective operations and reliable financial reporting, with senior management assisting the board in evaluating significant risks[94] Future Outlook - The company provided an optimistic outlook for the next quarter, projecting revenue growth of A% and an increase in user engagement metrics[3] - New product launches are expected to contribute an additional $B million in revenue, with anticipated market penetration of C%[4] - The company is investing in R&D for new technologies, allocating $D million towards innovation initiatives[5]

Overview - The core viewpoint of the article emphasizes the significant growth and transformation in China's hospital management sector, driven by government policies and increasing public health awareness [1][4][11]. Industry Background - The Chinese government has implemented various policies to promote the development of the healthcare industry, encouraging social capital to participate in medical services and advancing a multi-tiered healthcare system [4][11]. - The number of hospitals in China is projected to reach 39,000 by 2024, representing a year-on-year growth of 1.68% [1][9]. - The market size of the hospital management industry is expected to reach 806.28 billion yuan in 2024, with a year-on-year growth of 9.53% [1][11]. Industry Chain - The upstream of the hospital management industry includes medical devices, pharmaceuticals, hospital information management systems, and clinical information systems [7]. - The midstream consists of public hospitals, private hospital groups, and third-party hospital management service providers [7]. - The downstream includes patients and institutions requiring medical services, such as health check-up centers and nursing homes [7]. Current Development - The focus on improving medical quality and safety has led to significant advancements in healthcare services, with a notable increase in both the number of medical institutions and the quality of services provided [9]. - The rise in public health awareness has shifted patient expectations towards a more comprehensive range of services, including preventive care and health management [4][11]. Competitive Landscape - The hospital management industry features a mix of public hospitals, private hospital groups, and third-party service providers, each with distinct operational focuses and market strategies [13]. - Public hospitals are transitioning towards refined operations, while private hospitals emphasize market-driven models and specialized services [13]. - Third-party providers are adopting asset-light models to offer specialized management services, enhancing operational efficiency for hospitals [13]. Representative Companies - Aier Eye Hospital Group, established in 2002, has expanded its network to 881 facilities globally, with a significant presence in China [15]. - Runhua Service Group focuses on hospital logistics and management services, reporting a revenue of 904 million yuan in 2024, with a gross profit margin of 14.15% [17]. Future Trends - Hospitals are expected to enhance patient experience by streamlining processes such as online appointment scheduling and personalized medical services [19]. - There will be a stronger emphasis on cost control and resource optimization to improve operational efficiency amid policy pressures [19].

Financial Performance - The revenue for the reporting period was RMB 903.7 million, an increase of 17.6% compared to 2023[5] - The gross profit for the reporting period was RMB 127.9 million, a decrease of 4.0% compared to 2023[5] - The gross profit margin for the reporting period was 14.2%, down 3.1 percentage points from 2023[5] - The profit for the reporting period was RMB 45.5 million, an increase of 9.0% compared to 2023[5] - Basic earnings per share for the reporting period were RMB 0.15, an increase of 7.1% compared to 2023[5] - The group reported total revenue of RMB 903.691 million for the year ended December 31, 2024, an increase from RMB 768.408 million in the previous year, representing a growth of approximately 17.6%[20] - The group’s segment performance showed a profit of RMB 52.755 million for the year ended December 31, 2024, compared to RMB 55.497 million in the previous year, reflecting a decrease of approximately 5.0%[20] - The group reported a pre-tax profit of RMB 45,558,000 for 2024, an increase from RMB 41,459,000 in 2023[36] - Net profit rose from RMB 41.7 million in 2023 to RMB 45.5 million in 2024, an increase of RMB 3.8 million or 8.9%[62] Revenue Breakdown - The property management services segment generated revenue of RMB 841.828 million, accounting for 93.1% of total revenue, while the investment property leasing services segment contributed RMB 5.895 million[20] - Property management service revenue was RMB 841,828,000 in 2024, up 20% from RMB 701,890,000 in 2023[24] - Revenue from property management services grew by 19.9% to RMB 841,828,000 in 2024, compared to RMB 701,890,000 in 2023[48] - Property management services generated revenue of RMB 841.8 million, accounting for 93.2% of total revenue, with hospital revenue increasing from RMB 296.7 million in 2023 to RMB 378.7 million in 2024[49] Assets and Liabilities - The total assets less current liabilities amounted to RMB 443.4 million, an increase from RMB 429.0 million in 2023[8] - Non-current assets totaled RMB 248.6 million, a decrease from RMB 258.8 million in 2023[7] - The net asset value was RMB 353.3 million, an increase from RMB 341.0 million in 2023[8] - The group’s total liabilities decreased to RMB 12,879,000 in 2024 from RMB 12,769,000 in 2023, indicating a slight improvement in financial health[34] - Trade receivables increased to RMB 261,034,000 in 2024 from RMB 197,844,000 in 2023, representing a growth of 31.9%[38] - The aging analysis of trade receivables shows that RMB 241,704,000 is due within one year, up from RMB 178,045,000 in 2023, indicating a 35.6% increase[40] - The company's trade payables as of December 31, 2024, were RMB 85.2 million, an increase of approximately RMB 35.4 million or 71.2% from RMB 49.7 million on December 31, 2023[68] Costs and Expenses - The group recognized RMB 313,091,000 in service costs for 2024, compared to RMB 235,806,000 in 2023, reflecting a 32.8% increase[31] - Total service costs rose to RMB 775.8 million, an increase of RMB 140.6 million or 22.1% compared to RMB 635.2 million in 2023, aligning with the revenue growth from property management services[51] - Administrative expenses decreased by RMB 5.3 million or 6.7% to RMB 73.4 million, attributed to reduced listing expenses[58] - Financial costs decreased by RMB 1.4 million or 14.0% to RMB 8.4 million, primarily due to lower interest on lease liabilities[59] Dividends and Shareholder Returns - The company did not recommend the payment of any final dividend for the reporting period[5] - The group declared a special dividend of HKD 0.13 per share, totaling approximately RMB 35,629,000 for the year ending December 31, 2024[35] Market and Strategic Outlook - The company plans to expand its market share in key cities through acquisitions and strategic partnerships, focusing on both residential and non-residential properties[44] - The company anticipates continued growth in both residential and non-residential property numbers due to ongoing urbanization in China[44] Compliance and Governance - The company has not early adopted any new or revised Hong Kong Financial Reporting Standards that are expected to have a significant impact on its financial performance or position[16] - The board is currently evaluating the impact of the new Hong Kong Financial Reporting Standards, particularly HKFRS 18, but does not anticipate any significant effects on the consolidated financial statements[16] - The audit committee, consisting of one non-executive director and two independent non-executive directors, has reviewed the annual performance and financial statements of the group[90] Employee and Operational Metrics - The company employed 11,682 employees as of December 31, 2024, an increase from 9,906 employees on December 31, 2023[82] - The company has no significant contingent liabilities as of December 31, 2024[75] Cash Flow and Liquidity - The net cash generated from operating activities during the reporting period was RMB 36.1 million, primarily due to recorded net profit[76] - Cash and cash equivalents as of December 31, 2024, were RMB 172.8 million, with a current ratio of 1.7, unchanged from December 31, 2023[70] - The company maintains a prudent treasury policy to ensure a healthy liquidity position during the reporting period[78]

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 407,475,000, representing an increase of 11.3% compared to RMB 366,230,000 for the same period in 2023[4] - Gross profit decreased by 9.7% to RMB 61,252,000 from RMB 67,835,000 year-on-year[4] - Profit before tax for the period was RMB 24,338,000, down 9.6% from RMB 26,922,000 in the previous year[4] - The company achieved a net profit of RMB 17,463,000, down 13.9% from RMB 20,277,000 in the same period last year[4] - Basic and diluted earnings per share for the period were RMB 0.06, compared to RMB 0.07 in 2023[64] - The net profit for the period was RMB 17,463,000, a decrease of 13.4% compared to RMB 20,277,000 in the previous year[64] - The operating profit before tax for the six months ended June 30, 2024, was RMB 24,338,000, a decrease of 9.6% compared to RMB 26,922,000 for the same period in 2023[71] Revenue Sources - 93.2% of total revenue was generated from property management services, with 94.0% coming from non-residential properties[6] - Property management services generated RMB 379.6 million, accounting for 93.2% of total revenue, with an increase of 11.6% from RMB 340.0 million in the previous year[9] - Revenue from hospital property management services increased by 25.9% to RMB 184.8 million, representing 48.7% of total property management revenue[11] - The total customer contract revenue under HKFRS 15 was RMB 393,899,000, compared to RMB 358,701,000 in the previous year, marking an increase of approximately 9.8%[81] Expenses and Costs - Gross profit for the same period was RMB 61,252,000, down 9.4% from RMB 67,835,000 in 2023[64] - The service costs rose by 16.0% to RMB 346.2 million, primarily due to an increase in frontline staff and subcontractors for new property management services[12] - Administrative expenses decreased from RMB 37.7 million to RMB 34.4 million, mainly due to the absence of listing expenses incurred in the previous year[18] - Financial costs decreased by RMB 0.2 million or 4.5% to RMB 4.2 million compared to the previous year[19] - Employee benefits expenses, including salaries and wages, increased to RMB 213,901,000 for the six months ended June 30, 2024, from RMB 172,491,000 in 2023, marking a rise of 24.1%[88] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 700,508,000, a decrease of 2.1% from RMB 715,549,000 at the end of 2023[5] - Total liabilities decreased by 9.8% to RMB 337,955,000 from RMB 374,572,000[5] - Trade receivables increased by RMB 40.6 million or 21.0%, from RMB 197.8 million as of December 31, 2023, to RMB 234.2 million as of June 30, 2024, due to revenue growth and extended settlement periods with government clients[26] - Cash and cash equivalents amounted to RMB 125.4 million as of June 30, 2024, compared to RMB 195.3 million as of December 31, 2023[29] - The asset-liability ratio was approximately 28.1% as of June 30, 2024, down from 30.7% as of December 31, 2023[29] Strategic Plans and Market Position - The company aims to expand its property portfolio, particularly in high-end hospitals and public properties, to enhance its market position in Shandong Province[6] - The company plans to expand its market share in Shandong Province through acquisitions and partnerships, targeting nearby developed markets like the Yangtze River Delta and Beijing-Tianjin-Hebei regions[8] - The company plans to allocate HKD 48.8 million for strategic investments and acquisitions to expand its property management business by the end of 2025[37] - The company intends to use HKD 25.2 million, representing 28.0% of the proceeds, to develop and enhance information technology by the end of 2025[37] Corporate Governance and Compliance - The board believes that the public offering will enhance the company's image and brand reputation, providing a broader shareholder base and improving liquidity[7] - The board confirmed the effectiveness of the internal control and risk management systems, with no significant internal control deficiencies identified as of June 30, 2024[45] - The board has authorized the audit committee to continuously oversee the risk management and internal control systems, with an annual review of their effectiveness[44] - The company maintains a minimum public float of 25% of its total issued share capital in compliance with listing rules[41] Shareholder Information - As of June 30, 2024, the major shareholders collectively hold approximately 54.90% of the issued share capital[49] - Jinan Huaiyin Urban Construction Investment Group holds 8.83% of the shares, amounting to 26,478,000 shares[52] - The group issued a total of 300,000,000 ordinary shares as of June 30, 2024, unchanged from December 31, 2023[107] Risk Management - The company has established risk management procedures, including risk identification, assessment, and mitigation measures[44] - The management actively monitors regional economic trends and evaluates the financial implications of business expansion[45] - The group currently does not engage in any hedging activities to manage foreign exchange risks[34] Events and Legal Matters - There were no significant legal proceedings or arbitrations involving the company during the reporting period[46] - No significant events occurred after June 30, 2024, up to the report date[48]

Financial Performance - Revenue for the six months ended June 30, 2024, increased by 11.3% to RMB 407.5 million from RMB 366.2 million for the same period in 2023[2]. - Gross profit for the reporting period was RMB 61.3 million, a decrease of 9.7% compared to RMB 67.8 million in the same period of 2023[2]. - The gross profit margin decreased to 15% from 18.5% in the same period of 2023, representing a decline of 3.5 percentage points[2]. - Profit for the period was RMB 17.5 million, down 13.9% from RMB 20.3 million in the same period of 2023[2]. - The overall segment performance showed a profit before tax of RMB 24,338,000 for the six months ended June 30, 2024, compared to RMB 26,922,000 for the same period in 2023[11]. - The company reported a net profit of RMB 25,791,000 for the first half of 2024, compared to RMB 27,278,000 in the same period of 2023, indicating a decrease of 5.4%[11]. - The group reported a pre-tax profit of RMB 17,558,000 for the six months ended June 30, 2024, compared to RMB 20,161,000 in 2023, a decrease of 13.0%[25]. - Net profit decreased by RMB 2.8 million or 13.9% to RMB 17.5 million, with a net profit margin decline from 5.5% to 4.3%[55]. Assets and Liabilities - Cash and cash equivalents as of June 30, 2024, were RMB 125.4 million, a decrease of 35.8% from RMB 195.3 million as of December 31, 2023[2]. - Total non-current assets as of June 30, 2024, amounted to RMB 263.9 million, an increase from RMB 258.8 million as of December 31, 2023[4]. - Total current assets as of June 30, 2024, were RMB 436.6 million, a decrease from RMB 456.8 million as of December 31, 2023[4]. - Total liabilities decreased to RMB 337.3 million as of June 30, 2024, from RMB 374.5 million as of December 31, 2023[5]. - The net asset value increased to RMB 362.6 million as of June 30, 2024, compared to RMB 341.0 million as of December 31, 2023[5]. - Trade receivables as of June 30, 2024, amounted to RMB 236,986,000, an increase of 19.7% from RMB 197,844,000 as of December 31, 2023[28]. - Trade payables as of June 30, 2024, totaled RMB 44,583,000, a decrease of 10.4% from RMB 49,745,000 as of December 31, 2023[30]. Revenue Segmentation - Property management services generated revenue of RMB 379,581,000, up from RMB 340,017,000, reflecting a growth of 11.6% year-over-year[12]. - The rental income from investment properties increased significantly to RMB 13,576,000, compared to RMB 7,529,000, marking an increase of 80.5%[12]. - The company generated 93.2% of total revenue from property management services, with 94.0% of that from non-residential properties as of June 30, 2024[36]. - The group’s revenue for the six months ended June 30, 2024, increased by 11.3% to RMB 407.5 million from RMB 366.2 million for the same period in 2023, primarily driven by the property management segment's revenue growth[43]. Costs and Expenses - The cost of services provided increased to RMB 139,791,000 for the six months ended June 30, 2024, from RMB 113,870,000 in 2023, reflecting a rise of 22.8%[19]. - Employee benefits expenses, including salaries and wages, rose to RMB 213,901,000 for the six months ended June 30, 2024, from RMB 172,491,000 in 2023, an increase of 24.1%[19]. - Service costs rose by 16.0% to RMB 346.2 million, up from RMB 298.4 million, mainly due to an increase in frontline staff and subcontractors for new property management services[45]. - Other income and expenses decreased by 48.2% to RMB 2.9 million, primarily due to reduced foreign exchange gains and government subsidies[49]. - Selling and distribution expenses dropped significantly from RMB 5.4 million to RMB 1.0 million, reflecting stable rental costs in 2024[50]. - Administrative expenses decreased from RMB 37.7 million to RMB 34.4 million, mainly due to one-time listing expenses incurred in the previous year[51]. Dividends and Share Capital - The board has decided not to declare any interim dividend for the six months ended June 30, 2024[2]. - The group did not recommend any interim dividend for the six months ended June 30, 2024, consistent with the same period in 2023[24]. - The company issued a total of 300,000,000 ordinary shares as of June 30, 2024, unchanged from December 31, 2023[29]. - The company raised approximately RMB 51,000,000 from the issuance of 75,000,000 shares at a price of HKD 1.70 per share on January 17, 2023[33]. - The company capitalized RMB 15,000,000 from its share premium account to issue 23,000,000 shares on January 17, 2023[32]. Strategic Focus and Market Position - The company continues to focus on enhancing service quality and customer satisfaction, which is critical for contract fulfillment and revenue recognition[14]. - The group plans to enhance market share in Shandong Province through acquisitions and partnerships, targeting expansion into nearby developed markets such as the Yangtze River Delta and Beijing-Tianjin-Hebei regions[42]. - The company continues to strategically focus on non-residential properties in China for its property management services[36]. Compliance and Governance - The audit committee has reviewed the interim results, confirming compliance with applicable accounting standards and legal requirements[76]. - Changes in the board of directors include the resignation of Ms. Chen Haiping and the appointment of Ms. Wang Yushuang as an independent non-executive director[79]. - The company has no significant post-reporting period events as of the reporting date[34]. - No significant events occurred from June 30, 2024, until the announcement date[80].

Financial Performance - The company achieved a revenue of RMB 768.408 million for the year ended December 31, 2023, representing a year-on-year growth of 11.0%[10] - Gross profit for 2023 was approximately RMB 133.215 million, an increase of 9.1% compared to the previous year[10] - The company's net profit for the year was RMB 41.729 million, up from RMB 40.381 million in 2022, reflecting a growth of 3.3%[8] - Total revenue for the reporting period increased by RMB 76.4 million or 11.0% to RMB 768.4 million, primarily driven by the property management segment, which grew from RMB 635.9 million to RMB 701.9 million[26] - Property management services accounted for 91.3% of total revenue, with hospital services contributing RMB 296.7 million, up from RMB 276.5 million, reflecting an increase in managed projects[28] - Total service costs for the group amounted to RMB 635.2 million, an increase of RMB 65.4 million or 11.5% compared to RMB 569.8 million in the same period of 2022[32] - Net profit increased by RMB 1.3 million or 3.3% to RMB 41.7 million, while the net profit margin decreased from 5.8% to 5.4%[46] Assets and Liabilities - Total assets increased to RMB 715.549 million in 2023, compared to RMB 540.407 million in 2022, marking a growth of 32.4%[9] - The total liabilities of the company as of December 31, 2023, were RMB 374.572 million, compared to RMB 339.580 million in 2022, indicating a growth of 10.5%[9] - Trade receivables rose by RMB 42.8 million or 28.3% to RMB 193.6 million, mainly due to growth in property management services for hospitals with longer settlement periods[51] - Trade payables increased by approximately RMB 8.3 million or 20.2% to RMB 49.7 million[53] - The group's debt-to-equity ratio was approximately 30.7% as of December 31, 2023, down from 47.1% on December 31, 2022[55] - The current ratio improved to 1.7 as of December 31, 2023, compared to 1.2 on December 31, 2022[55] Market Strategy and Expansion - The company plans to strengthen its market position in Shandong, particularly in hospital property management services, through internal growth and strategic acquisitions[16] - The company plans to expand its market share in Shandong Province and enter other developed regions such as the Yangtze River Delta and Beijing-Tianjin-Hebei areas through acquisitions and partnerships[24] - The company aims to leverage its public listing to enhance brand visibility and credibility, facilitating future financing opportunities[24] Operational Efficiency - The company is focused on enhancing its digital capabilities and optimizing its OSCS functions to improve service levels[16] - The company maintains a strategic focus on non-residential property management services, with 91.9% of revenue derived from this segment[20] - The company is focused on expanding its market presence and enhancing its service offerings in the property management sector[112] Corporate Governance - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with the standard rules since the listing date[74] - The company emphasizes the importance of independent directors in providing oversight and independent judgment to the board[94] - The company is committed to maintaining a robust governance structure with experienced professionals in key management positions[96] - The management team is actively involved in daily operations and overall management, ensuring alignment with the company's strategic goals[100] Shareholder Information - The board does not recommend the payment of any final dividend for the reporting period[67] - The company has maintained a minimum public float of 25% of its total issued share capital since its listing date[76] - The company has no distributable reserves available for shareholders, unchanged from 2022[134] Related Party Transactions - The largest customer during the reporting period is a company fully owned by a non-executive director, indicating potential related party transactions[124] - The company has confirmed that the ongoing related party transactions are conducted in the normal course of business and on normal commercial terms[194] Auditor Information - Ernst & Young will resign as the company's auditor effective December 18, 2023[200] - From January 9, 2024, ShineWing (Hong Kong) CPA Limited will be appointed as the new auditor[200] - The financial statements for the reporting period have been audited by ShineWing (Hong Kong) CPA Limited[200] - The board recommends the reappointment of ShineWing (Hong Kong) CPA Limited as the auditor for the year ending December 31, 2024[200]

Financial Performance - The revenue for the year ended December 31, 2023, was RMB 768.4 million, an increase of 11.0% compared to 2022[7] - The gross profit for the same period was RMB 133.2 million, reflecting a 9.1% increase year-over-year[7] - The gross profit margin decreased to 17.3%, down by 0.4 percentage points from 2022[7] - The profit for the year was RMB 41.7 million, which is a 3.3% increase compared to the previous year[7] - Basic earnings per share for the reporting period were RMB 0.14, a decrease of 22.2% from 2022[7] - The group reported total revenue of RMB 768,408,000 for the year ended December 31, 2023, an increase from RMB 691,999,000 in 2022, representing a growth of approximately 11%[24] - The group's operating profit before tax was RMB 54,498,000 for the year ended December 31, 2023, compared to RMB 51,652,000 in 2022, indicating an increase of about 7%[26] - Profit before tax for the group was RMB 41,459 thousand in 2023, up from RMB 40,167 thousand in 2022[44] - Net profit rose by RMB 1.3 million or 3.3% to RMB 41.7 million, with a net profit margin decreasing from 5.8% in 2022 to 5.4% in 2023[79] Revenue Breakdown - The segment revenue from property management services was RMB 701,890,000, while the revenue from landscaping services was RMB 42,643,000, and rental services contributed RMB 18,121,000[24] - Revenue from property management services reached RMB 701.9 million, accounting for 91.3% of total revenue, with a growth rate of 10.4% compared to RMB 635.9 million in 2022[61] - Property management services generated revenue of RMB 701.9 million, accounting for 91.3% of total revenue, with a year-on-year increase from RMB 635.9 million[63] - Total rental income from investment properties increased to RMB 18,121 thousand in 2023, up from RMB 9,931 thousand in 2022[30] - Hospital revenue increased from RMB 276.5 million in 2022 to RMB 296.7 million in 2023, driven by additional health and preventive services[63] Assets and Liabilities - The total assets less current liabilities amounted to RMB 429.0 million, an increase from RMB 329.2 million in 2022[10] - Cash and cash equivalents increased significantly to RMB 195.3 million from RMB 64.7 million in the previous year[10] - Non-current assets totaled RMB 258.8 million, down from RMB 273.1 million in 2022[10] - Trade receivables increased to RMB 197,844 thousand in 2023, up from RMB 155,628 thousand in 2022, indicating a growth of about 27%[46] - Trade payables as of the reporting period totaled RMB 49.7 million, an increase from RMB 41.4 million in 2022[49] - The company's debt-to-equity ratio was approximately 30.7% as of December 31, 2023, down from 47.1% on December 31, 2022[88] Dividends and Shareholder Information - The company did not recommend the payment of a final dividend for the reporting period[7] - The group did not declare any dividends for the year, consistent with the previous year[43] - The company has maintained a minimum public float of 25% of its total issued share capital since the listing date[107] Listing and Capital Raising - The company successfully listed on the Hong Kong Stock Exchange on January 17, 2023, raising approximately HKD 89.9 million net of listing expenses[7] - The company issued 75,000,000 shares at a price of HKD 1.70 per share, raising net proceeds of HKD 89.9 million after listing expenses[51] - As of December 31, 2023, the company has utilized approximately HKD 48.8 million (54.3%) of the net proceeds from the listing for strategic investments and acquisitions to expand its property management business[110] Operational Focus and Strategy - The company plans to expand its market share in Shandong province through acquisitions and partnerships, targeting nearby developed regions such as the Yangtze River Delta and Beijing-Tianjin-Hebei areas[57] - The company aims to leverage its experience in Shandong province to secure more projects, particularly in high-end hospitals and public properties[55] Expenses and Costs - Total service costs rose to RMB 635.2 million, an increase of RMB 65.4 million or 11.5% compared to RMB 569.8 million in 2022[66] - Administrative expenses increased by RMB 10.2 million or 14.9% to RMB 78.7 million, primarily due to higher management personnel costs[74] - Finance costs increased to RMB 9,723 thousand in 2023, compared to RMB 8,541 thousand in 2022, driven by higher interest on bank borrowings[37] Compliance and Governance - The group has not early adopted any new or amended Hong Kong Financial Reporting Standards that are published but not yet effective, indicating a stable approach to regulatory changes[19] - The audit committee, consisting of one non-executive director and two independent non-executive directors, has reviewed the annual performance and financial statements of the company[111] - The company has appointed a new auditor, Shinewing (HK) CPA Limited, effective January 9, 2024, following the resignation of Ernst & Young[113] Employee Information - The company employed 9,906 employees as of December 31, 2023, compared to 8,755 employees on December 31, 2022[102]

Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 366,230,000, representing a 14.0% increase compared to RMB 321,391,000 in the same period of 2022[7]. - Gross profit for the same period was RMB 67,835,000, a slight increase of 1.3% from RMB 66,992,000 in 2022[7]. - The net profit for the six months ended June 30, 2023, was RMB 20,277,000, a marginal increase of 0.5% from RMB 20,180,000 in 2022[7]. - The gross profit margin decreased by 2.3 percentage points to 18.5% for the six months ended June 30, 2023, compared to 20.8% in the previous year[28]. - Basic and diluted earnings per share for the period were RMB 0.07, down from RMB 0.09 in the previous year, a decrease of approximately 22.2%[100]. - The company's profit attributable to ordinary equity holders for the six months ended June 30, 2023, was RMB 20,161,000, slightly down from RMB 20,164,000 in the same period of 2022[141]. Assets and Liabilities - Total assets as of June 30, 2023, amounted to RMB 648,771,000, reflecting a 20.0% increase from RMB 540,407,000 at the end of 2022[8]. - Total liabilities decreased by 2.7% to RMB 330,374,000 from RMB 339,580,000[8]. - The total equity attributable to the owners of the company increased by 58.5% to RMB 317,904,000 from RMB 200,450,000[8]. - Trade receivables increased by RMB 25.8 million or 17.1% to RMB 176.7 million as of June 30, 2023, due to growth in revenue and extended settlement periods with government clients[42]. - Current assets increased from RMB 56.1 million to RMB 164.8 million as of June 30, 2023, with cash and cash equivalents amounting to RMB 139.6 million[46]. - Interest-bearing bank loans increased from RMB 94.7 million to RMB 112.5 million as of June 30, 2023, with various interest rates ranging from 4.30% to 5.67%[47]. - The debt-to-equity ratio improved to 35.4% as of June 30, 2023, down from 47.1% as of December 31, 2022, while the current ratio increased to 1.7 from 1.3[48]. Revenue Sources - 92.8% of total revenue was generated from property management services, with 92.4% coming from non-residential properties[11]. - Property management services generated RMB 340.0 million, accounting for 92.8% of total revenue, with a growth rate of 10.7% compared to RMB 307.2 million in the previous year[23]. - Other income and gains increased by RMB 2.8 million or 101.3% to RMB 5.6 million for the six months ended June 30, 2023, primarily due to foreign exchange gains from the proceeds of the global offering[31]. Expenses and Costs - Selling and distribution expenses rose by RMB 1.4 million or 34.3% to RMB 5.4 million for the six months ended June 30, 2023, in line with revenue growth[32]. - Financial costs increased by RMB 0.3 million or 8.1% to RMB 4.4 million for the six months ended June 30, 2023, primarily due to increased interest-bearing bank borrowings[34]. - Employee benefits expenses, including salaries and wages, amounted to RMB 172,491 thousand, up from RMB 158,443 thousand, indicating an increase of 8.3%[131]. Cash Flow and Financing - For the six months ended June 30, 2023, the net cash used in operating activities was RMB 29.1 million, primarily due to an increase in trade receivables[52]. - The net cash generated from financing activities was RMB 108.2 million, primarily from the issuance of shares during the initial public offering[52]. - The company reported a significant increase in cash and cash equivalents, ending the period with RMB 139,616,000, up from RMB 48,523,000 at the end of the previous period[114]. Strategic Focus and Future Plans - The company is strategically focusing on non-residential properties in China for its property management services[11]. - The company aims to strengthen its market position in Shandong Province and expand service areas through internal growth and strategic acquisitions[19]. - The company plans to enhance its digital technology and optimize its "one-stop clinical support service" to improve service levels[19]. - The company intends to use part of the net proceeds from the global offering for the acquisition of property management companies[57]. Shareholder Information - As of June 30, 2023, major shareholders include Mr. Luan Tao and Mr. Luan Hang Qian, each holding 164,706,700 shares, representing 54.90% ownership[73]. - The company has a total of 9,467,821 shares held by Mr. Yang Li Qun, representing 3.16% ownership[73]. - Springrain Investment Limited holds approximately 54.90% equity in the company as of the report date[3]. Risk Management and Compliance - The company has established a risk management and internal control system to manage business risks to an acceptable level[68]. - The audit committee consists of three independent non-executive directors, ensuring compliance with listing rules[67]. - The board is responsible for reviewing the effectiveness of the risk management and internal control systems[68]. Other Information - The company reported no interim dividend for the six months ending June 30, 2023[71]. - There were no significant events affecting the group after June 30, 2023, up to the report date[72]. - The company has not engaged in any hedging activities to manage foreign exchange risks as of June 30, 2023[54].

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 或任何部份內容而產生或因依賴該等內容引致的任何損失承擔任何責任。 Runhua Living Service Group Holdings Limited 潤華生活服务集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2455） 截至2023年6月30日止六個月之 中期業績公告 潤華生活服務集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈 本公司及其附屬公司（統稱「本集團」）截至2023年6月30日止六個月（「報告期間」） 之未經審核簡明綜合中期業績，連同截至2022年6月30日止六個月之比較數字。 本集團截至2023年6月30日止六個月的中期業績已由本公司審核委員會（「審核委 員會」）審閱，並於2023年8月25日獲董事會批准。 本公告所載若干金額及百分比數字已經約整，或約整至小數點後一位或兩位。 本公告所列任何表格、圖表或其他部分的總數與數額總和之間如有任何差異， 乃因約整所致。 財務摘要 • 報告期間的收益由截至2022年6月30 ...