Financial Performance - Revenue for the year ended December 31, 2024, was RMB 1,648,287,000, representing a 7.4% increase from RMB 1,534,035,000 in 2023[8] - Profit attributable to owners of the company for the same period was RMB 164,154,000, up 10.2% from RMB 148,980,000 in 2023[8] - The company's revenue for the reporting period was approximately RMB 1,648.3 million, an increase of 7.5% from RMB 1,534.0 million in the previous period[18] - The profit attributable to shareholders for the reporting period was RMB 164.2 million, reflecting a 10.2% increase from RMB 149.0 million in the previous period[18] - The gross profit for the same period was approximately RMB 459.3 million, representing a 16.5% increase from RMB 394.2 million, with a gross margin of 27.9% compared to 25.7% in the prior year[41][42] - The company achieved a net profit of RMB 237.4 million for the year, compared to RMB 226.8 million in the previous year[35] - Profit for the period was approximately RMB 237.4 million, an increase of about 4.7% from RMB 226.8 million in the same period last year, driven by increased revenue from heating services and engineering construction services[50] - Profit attributable to owners of the company was approximately RMB 164.2 million, a 10.2% increase from RMB 149.0 million in the same period last year, consistent with the overall profit increase[51] Assets and Equity - Total assets increased by 2.9% to RMB 5,966,668,000 from RMB 5,796,958,000 in 2023[8] - Equity attributable to owners of the company rose by 11.3% to RMB 1,174,722,000 from RMB 1,055,808,000 in 2023[8] - As of December 31, 2024, the company had cash and cash equivalents of approximately RMB 645.7 million, down from RMB 713.2 million as of December 31, 2023[52] - The current ratio as of December 31, 2024, was approximately 0.8, unchanged from December 31, 2023, with current assets of approximately RMB 1,470.0 million and current liabilities of approximately RMB 1,913.2 million[52] - The leverage ratio as of December 31, 2024, was 0.5, down from 0.6 as of December 31, 2023[53] Operational Highlights - The company is advancing the Baotou project in Inner Mongolia, expected to support steam heating supply by June 2025[12] - The total actual heating service area reached approximately 50.0 million square meters, a 5.5% increase from about 47.4 million square meters as of December 31, 2023[21] - The company had approximately 400,797 heating service customers as of December 31, 2024, up from 386,806 customers a year earlier[22] - Revenue from heating services amounted to approximately RMB 1,297.3 million, compared to RMB 1,202.0 million in the previous period[21] - The company aims to complete the integrated platform for production management, billing operations, and customer service by 2025[21] - The company will continue to pursue market expansion while ensuring stable growth in existing projects, particularly in Baotou and Xin County geothermal projects[21] Market and Strategic Initiatives - The company is focusing on expanding its market presence while solidifying its foundation for cross-province development[12] - The total heating service area in China is expected to grow from 115 billion square meters in 2023 to 145 billion square meters by 2027[15] - The market size for engineering construction services focused on heating facilities is projected to reach RMB 70.8 billion by 2027[16] - The company plans to enhance its smart heating platform with real-time monitoring and data analysis capabilities, in collaboration with two domestic universities[21] Governance and Management - The board currently consists of nine members, including three executive directors, three non-executive directors, and three independent non-executive directors[76] - The company appointed Mr. Liu Zhigang as the General Manager effective December 9, 2024, who has been with the group since August 2015[84] - Mr. Li Baoshan transitioned from General Manager to Chairman of the Board on December 9, 2024, overseeing board meetings and company operations[80] - The company has seen a management restructuring with several key appointments in 2023, including independent non-executive directors to enhance governance[79] - The company emphasizes strategic planning and decision-making, with non-executive directors providing independent opinions and suggestions[79] - The board includes a diverse range of expertise, with independent directors appointed to ensure effective oversight and governance[79] Financial Management - The company has implemented financial risk management strategies as outlined in the annual report[135] - Financial income for the reporting period was approximately RMB 18.5 million, a 1.6% increase from RMB 18.2 million in the same period last year, mainly due to the conversion of some short-term deposits into fixed deposits[48] - Financial costs decreased by approximately 13.3% to RMB 43.7 million from RMB 50.4 million in the same period last year, attributed to reduced interest expenses and a decline in the weighted average borrowing rate[48] Shareholder Information - The company reported a final dividend of RMB 0.164 per share for the year ending December 31, 2024, an increase from RMB 0.15 per share in 2023, totaling approximately RMB 49,462,400[137] - The total amount of the proposed final dividend is contingent upon shareholder approval at the upcoming annual general meeting[137] - The company will withhold a 10% corporate income tax on dividends distributed to non-resident H-share shareholders[139] Risks and Compliance - The company faces risks related to its operations concentrated in the "Three North Regions," which may be affected by adverse economic conditions or government policies[144] - The company may encounter difficulties in expanding its heating service business if it cannot obtain new operating rights or expand its service area under existing rights[144] - The company has complied with all applicable environmental laws and regulations during the reporting period[143] - The company has not reported any serious violations of applicable laws and regulations during the reporting period[147]

Financial Performance - The company's revenue for the year ended December 31, 2024, was approximately RMB 1,648.3 million, an increase of about 7.5% compared to RMB 1,534.0 million for the same period last year[3]. - Gross profit for the reporting period was approximately RMB 459.3 million, representing a 16.5% increase from RMB 394.2 million in the previous year[3]. - Profit attributable to the owners of the company was approximately RMB 164.2 million, up 10.2% from RMB 149.0 million in the prior year[3]. - Revenue from heating and thermal distribution services amounted to approximately RMB 1,011.1 million, an increase from RMB 922.4 million in the previous year[11]. - Engineering construction service revenue was approximately RMB 322.2 million, a 10.0% increase from RMB 292.8 million in the same period last year[18]. - The revenue from heating services was approximately RMB 1,297.3 million, an increase from RMB 1,202.0 million in the previous year[29]. - Profit for the period was approximately RMB 237.4 million, an increase of about 4.7% compared to approximately RMB 226.8 million in the same period last year, driven by increased revenue from heating services and engineering construction services[43]. - The company's total customer contract revenue for the year ended December 31, 2024, was RMB 1,648,287 thousand, representing an increase of 7.4% from RMB 1,534,035 thousand in 2023[62]. Dividends and Shareholder Information - The company plans to distribute a final dividend of RMB 0.164 per share for the year ended December 31, 2024, subject to shareholder approval, totaling approximately RMB 49,462,400[3]. - The company declared a dividend of RMB 0.15 per share for the year ending December 31, 2024, totaling RMB 45,240,000, compared to zero in 2023[74]. - The board proposed a final dividend of RMB 0.164 per share, amounting to approximately RMB 49,462,400, subject to shareholder approval[80]. - The annual general meeting is scheduled for May 16, 2025, with a suspension of share transfer registration from May 13 to May 16, 2025[84][85]. - The company will suspend share transfer registration from May 23 to May 28, 2025, for shareholders to qualify for the proposed final dividend[87]. Operational Metrics - The total actual heating service area increased to approximately 50.0 million square meters, a 5.5% rise from about 47.4 million square meters as of December 31, 2023[11]. - The number of heating service customers reached approximately 400,797 as of December 31, 2024, compared to 386,806 customers a year earlier[13]. - The company operates a primary distribution network totaling approximately 644.4 kilometers as of December 31, 2024, compared to 610.8 kilometers the previous year[17]. Costs and Expenses - The company recorded a decrease in other income to approximately RMB 36.9 million, down about 49.5% from RMB 73.0 million in the previous year[38]. - Administrative expenses decreased by 4.5% to approximately RMB 167.4 million from RMB 175.2 million in the previous year[36]. - Financial costs decreased to approximately RMB 43.7 million, down about 13.3% from approximately RMB 50.4 million in the same period last year, primarily due to reduced interest expenses and a decline in the semi-annual weighted average borrowing rate[41]. - Income tax expenses decreased to approximately RMB 51.2 million, a reduction of about 7.4% from approximately RMB 55.3 million in the same period last year, mainly due to an increase in deferred tax[42]. Innovation and Future Plans - The company is actively innovating heating technologies to achieve cleaner and more efficient heating services in line with China's carbon neutrality goals[4]. - The company aims to expand market share and geographic coverage while ensuring stable growth of existing projects, particularly focusing on the successful completion of the Baotou project and the effective growth of the heating service area in the Xinmi project by 2025[46]. - The company is developing a digital heating service platform with real-time monitoring, remote control, and data analysis capabilities, in collaboration with two domestic universities for research on heating load forecasting and intelligent regulation algorithms[46]. - The heating technology center will enhance its innovation and practical application capabilities, focusing on energy efficiency and stability of existing heating service systems while exploring comprehensive energy solutions and adopting the latest energy-saving technologies[47]. Financial Position - Trade receivables totaled RMB 647,410 thousand as of December 31, 2024, an increase from RMB 560,564 thousand in 2023, indicating a growth of 15.4%[71]. - The company incurred income tax expenses of RMB 51,172 thousand for the year ended December 31, 2024, compared to RMB 55,316 thousand in 2023, showing a decrease of 7.8%[66]. - The company's total borrowings increased slightly from RMB 719,810,000 in 2023 to RMB 726,738,000 in 2024, representing a growth of about 1%[73]. - Total trade and other payables decreased from RMB 1,106,392,000 in 2023 to RMB 1,005,402,000 in 2024, a reduction of approximately 9.1%[72]. Governance and Compliance - The company has adopted a corporate governance code and has complied with all principles and provisions as of December 31, 2024[88]. - The audit committee has reviewed the annual performance for the year ending December 31, 2024, and confirmed compliance with relevant accounting standards[92]. - The company has not identified any significant matters affecting its financial condition or operations since the reporting period[103]. Miscellaneous - The company has not purchased, sold, or redeemed any listed securities during the year ending December 31, 2024[90]. - The company has received a new exemption from strict compliance with Listing Rules 3.28 and 8.17, effective until July 9, 2026, contingent upon the assistance of Ms. Chen to Mr. Ma[99]. - The company proposed amendments to its articles of association to reflect its actual operational situation and align with the revised Company Law effective from July 1, 2024[103].

为推进美丽中国建设，近日，中国人民银行、生态环境部等四部门联合印发《关于发挥绿色金融作用 服务美丽中国建设的意见》（以下简称《意见》）。 《意见》强调，要加大重点领域支持力度，支持绿色低碳发展。 加大对清洁能源的支持力度，重点支持北方地区冬季清洁取暖、远距离供热示范工程、充换电基础设施 建设、零排放货运车队发展。 作为中国第二大非国有跨省的主要从事清洁能源、联合能源供热的上市公司，慧居科技业务覆盖"三北 地区"。 公司坚持立体取能、多能互补、绿色、低碳发展理念，在节能减排、服务民生、减少煤炭消耗和大气污 染治理方面做出了重要贡献。 冷空气来袭，慧居温暖守护保暖保供工作是重大民生工程、民心工程。 当前，我国能源供应能力稳步增强，资源储备更加充实，民生用能保障力度加大，为保暖保供打下了较 好基础。 但不容忽视的是，北方地区已陆续进入冬季供暖季，这给能源保障提出更高的要求。 近日，慧居科技子公司呼伦贝尔双良能源系统有限公司（简称"呼伦贝尔双良"）收到来自呼伦贝尔市人 民政府的感谢信，信中特别表彰了呼伦贝尔双良以其先进的智慧供热技术为冬季供暖工作做出的突出贡 献，并对其在内蒙古自治区"温暖工程"中表现出的积极响应和责 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 833.999 million, an increase of 17.3% compared to RMB 710.818 million in the same period of 2023[9]. - Profit attributable to owners of the company for the same period was RMB 112.287 million, representing a 41.6% increase from RMB 79.272 million in 2023[9]. - Basic and diluted earnings per share increased by 5.7% to RMB 0.37 from RMB 0.35[9]. - The company reported a net profit of RMB 154.654 million for the period, compared to RMB 113.337 million in the same period last year, reflecting a year-over-year increase of 36.5%[28]. - The gross profit for the reporting period was approximately RMB 233.8 million, an increase of 20.1% compared to approximately RMB 194.6 million in the same period last year[34]. - The gross profit margin improved to 28.0% for the six months ended June 30, 2024, compared to 27.4% in the same period last year[33]. - The company's total revenue for the six months ended June 30, 2024, was approximately RMB 833.999 million, a 17.3% increase from RMB 710.818 million in the prior year[28]. - The operating profit increased to RMB 199,175 thousand, compared to RMB 161,122 thousand in the previous year, reflecting a growth of 23.6%[90]. Assets and Liabilities - Total assets as of June 30, 2024, were RMB 5,564.250 million, a decrease of 4.0% from RMB 5,796.958 million as of December 31, 2023[10]. - Total liabilities decreased by 6.2% to RMB 4,218.167 million from RMB 4,497.953 million[10]. - The leverage ratio as of June 30, 2024, was 0.5, compared to 0.6 as of December 31, 2023[46]. - The current ratio was approximately 0.7, down from 0.8 as of December 31, 2023, with current assets of approximately RMB 1,141.8 million and current liabilities of approximately RMB 1,529.4 million[45]. - The company’s total liabilities recorded as current liabilities reached RMB 1,082,110 thousand, compared to RMB 1,043,407 thousand at the end of 2023, indicating an increase of about 3.7%[148]. Customer and Market Insights - Revenue from residential customers accounted for 60.1% of total revenue, while non-residential customers contributed 39.9%[17]. - The number of heating service customers increased to approximately 385,841 as of June 30, 2024, compared to 300,000 on June 30, 2023, representing a growth of 28.6%[19]. - The company served a total heating service area of approximately 834 million square meters, maintaining its position as the second-largest non-state-owned provincial heating service provider in China[15]. - The total actual heating service area reached approximately 48.5 million square meters, a 15.8% increase from about 41.9 million square meters as of June 30, 2023[18]. Operational Developments - The company is focusing on clean heating technologies and diversifying heat sources in response to government policies promoting carbon neutrality[12]. - Engineering construction service revenue surged by 182.9% to approximately RMB 122.2 million, up from RMB 43.2 million in the same period last year, primarily due to increased construction activities[23]. - The total length of the primary heating distribution network increased to approximately 698.9 kilometers as of June 30, 2024, from 546.9 kilometers a year earlier[21]. - The company aims to enhance its digital heating service platform, focusing on data collection optimization and customer service system development in the second half of 2024[59]. Financial Management and Governance - The company’s financial management policy aims to invest surplus cash reserves in low-risk, short-term financial products to generate sustainable income[55]. - The company has adopted a corporate governance code and believes it has complied with all relevant provisions during the reporting period[80]. - The audit committee has reviewed the unaudited interim financial information and found it to be prepared in accordance with applicable accounting standards[85]. - The company has established an audit committee consisting of two independent non-executive directors and one non-executive director[84]. Shareholder Information - As of June 30, 2024, the total number of issued shares (including domestic and H shares) is 301,600,000[74]. - Domestic shareholders, Shuangliang Technology and Jiangsu Lichuang, hold 150,000,000 shares (49.75%) and 51,000,000 shares (16.91%) respectively, representing a combined ownership of 66.66%[71]. - The company completed the conversion of 226,000,000 domestic shares into H-shares on September 2, 2024, with trading commencing on September 3, 2024[64]. Future Outlook and Strategic Initiatives - The company is committed to sustainability initiatives, with a target of reducing carbon emissions by 25% by 2025[160]. - The company is exploring potential acquisitions to enhance its service offerings, with a budget of RMB 500 million allocated for this purpose[160]. - The company has provided a positive outlook for the second half of 2023, projecting a revenue growth of 20%[160]. - Research and development investments have increased by 30%, focusing on energy-efficient technologies[160].

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，概不對因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 Wise Living Technology Co., Ltd 慧 居 科 技 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：2481） 截至2024年6月30日止六個月之 中期業績公告 董事會欣然宣佈，本集團於報告期的未經審計中期業績，連同同期的比較數字 如下： | --- | --- | |-------|-----------------------------------------------------------------------------------------| | | | | | 財務表現摘要 | | ‧ | 報告期收入約人民幣 834.0 百萬元，較同期的約人民幣 710.8 百萬元增加約 17.3% 。 | | ‧ | 報告期毛利約人民幣 233.8 百萬元，較同期的約人民幣 194.6 百萬元增加約 20.1% 。 | | ‧ | 本公 ...

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 1,534,035,000, representing a 6.3% increase from RMB 1,443,732,000 in 2022[8] - Profit attributable to owners of the company increased by 54.5% to RMB 148,980,000 from RMB 96,431,000 in the previous year[8] - Basic and diluted earnings per share increased to RMB 0.57 from RMB 0.43, reflecting a growth of RMB 0.14[8] - The net profit margin improved to 14.8% in 2023, up from 9.7% in 2022, indicating a 5.1% increase[8] - The company recorded a net profit of RMB 226.8 million, compared to RMB 140.4 million in the previous year[35] - Profit for the year increased by approximately 61.6% to RMB 226.8 million from RMB 140.4 million, driven by increased revenue and reduced sales costs[51] - Profit attributable to owners of the company rose by approximately 54.5% to RMB 149.0 million from RMB 96.4 million, consistent with the overall profit increase[52] - Gross profit increased by 32.8% to approximately RMB 394.2 million, with a gross margin of 25.7% compared to 20.6% in the previous year[41][42] Assets and Liabilities - Total assets as of December 31, 2023, reached RMB 5,796,958,000, a 10.5% increase from RMB 5,244,229,000 in 2022[8] - The company's total liabilities increased by 4.1% to RMB 4,497,953,000 from RMB 4,321,667,000 in 2022[8] - As of December 31, 2023, cash and cash equivalents amounted to approximately RMB 713.2 million, up from RMB 378.1 million a year earlier[54] - Current assets totaled approximately RMB 1,411.9 million, compared to RMB 1,158.5 million as of December 31, 2022, while current liabilities were approximately RMB 1,766.5 million[54] - The leverage ratio as of December 31, 2023, was 0.6, down from 1.0 a year earlier[55] Market and Project Developments - The company completed 50% of the pipeline construction for the Baotou project by December 31, 2023, with steam heating services expected to commence in May 2024[10] - The geothermal energy project in Xixian County, Shanxi Province, officially commenced production in November 2023, covering an area of 500,000 square meters[10] - The total actual heating service area as of December 31, 2023, was approximately 47.4 million square meters, representing a 13.1% increase from approximately 41.9 million square meters as of December 31, 2022[22] - The company had approximately 427,031 heating service customers as of December 31, 2023, up from 303,900 customers a year earlier[23] - Revenue from heating and thermal distribution services amounted to approximately RMB 922.4 million in 2023, compared to RMB 853.5 million in 2022, reflecting growth driven by increased service area and government subsidies[22] Strategic Initiatives - The company is focusing on enhancing its digital heating service platform and technological innovation to strengthen its core competitiveness[10] - The company aims to solidify its brand image while expanding its market presence across provinces in China[10] - The company plans to enhance its digital heating service platform and establish a heating technology center at the Carbon Neutrality Central Research Institute in 2024[11] - The company aims to achieve a comprehensive and high-quality development by pursuing scale expansion and quality improvement in 2024[11] - The company is exploring potential acquisitions to strengthen its technology portfolio, with a budget of $100 million allocated for this purpose[88] Governance and Management - The company appointed Ms. Xu Lijie as a non-executive director in April 2023, focusing on strategic planning and decision-making advice[106] - Dr. Xie Xiaodong was appointed as an independent non-executive director in May 2023, bringing over 20 years of experience in corporate finance, mergers, and private equity[111] - The company has a strong management team with extensive experience in finance and operations, including Mr. Zhang Haogang, who has over 20 years in auditing and corporate finance[114] - The management team emphasized a commitment to sustainability, aiming for a 50% reduction in carbon emissions by 2025[88] - The company is dedicated to maintaining high standards of corporate governance and transparency in its operations[116] Risks and Challenges - The group faces various financial risks, including market risk, credit risk, and liquidity risk, and has a risk management plan to minimize potential negative impacts on financial performance[70] - The company faces significant risks related to its operations concentrated in the "Three North Regions," which may be affected by economic conditions and government policies[165] - The company may encounter difficulties in expanding its heating service business if it fails to obtain new operating rights or expand its service area under existing rights[165] Future Outlook - The company provided guidance for Q4 2023, expecting revenue to be between $550 million and $600 million, representing a growth of 10% to 20% compared to Q3 2023[88] - The company has outlined a future outlook with a projected revenue growth of 10% for the next fiscal year[101] - The company plans to enhance its investment in artificial intelligence, allocating 15% of its annual budget towards AI initiatives[99] - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by the end of 2024[88] - The company has set a future outlook with a revenue target of 1.5 billion RMB for 2024, which would represent a 25% growth[134]

Financial Performance - The company's revenue for the year ended December 31, 2023, was approximately RMB 1,534.0 million, an increase of about 6.3% compared to RMB 1,443.7 million in the same period last year[7]. - Gross profit for the same period was approximately RMB 394.2 million, representing a significant increase of about 32.8% from RMB 296.9 million year-on-year[7]. - Profit attributable to the owners of the company was approximately RMB 149.0 million, up about 54.5% from RMB 96.4 million in the previous year[7]. - The operating profit for the year was RMB 298.9 million, up from RMB 230.5 million in the previous year[49]. - The company's gross margin improved to 25.7% from 20.6% in the previous year, primarily due to increased heating prices and reduced sales costs[24]. - The company's net profit attributable to shareholders for the reporting period was approximately RMB 226.8 million, an increase of about 61.6% compared to RMB 140.4 million in the same period last year, driven by increased revenue and reduced sales costs[85]. - The company's profit attributable to owners for the year ended December 31, 2023, was RMB 148,980,000, an increase of 54.5% compared to RMB 96,431,000 for 2022[128]. Revenue Sources - Revenue from heating and thermal distribution services was approximately RMB 922.4 million, up from RMB 853.5 million in the previous year, driven by an increase in actual heating service area and local government price subsidies[13]. - Revenue from heating-related engineering construction services was RMB 285.3 million, accounting for 97.5% of total engineering service revenue, which decreased from RMB 301.6 million in the previous year[16]. - Other business income decreased to RMB 36.7 million from RMB 40.2 million in the previous year, primarily due to a reduction in sales of heating service facilities[18]. - Customer contract revenue from heating and thermal distribution services was RMB 1,103,360 thousand, up from RMB 1,015,218 thousand in 2022, showing an increase of approximately 8.7%[99]. Customer and Service Expansion - The total actual heating service area as of December 31, 2023, was approximately 47.4 million square meters, an increase of 13.1% from approximately 41.9 million square meters as of December 31, 2022[13]. - The number of heating service customers increased to approximately 427,031 as of December 31, 2023, compared to 303,900 customers a year earlier[13]. - The company has seven franchised heating service projects, with 50% of the pipeline construction for the Baotou project completed by December 31, 2023[12]. Costs and Expenses - The total cost of sales decreased by 0.6% to approximately RMB 1,140.0 million from RMB 1,146.9 million in the previous year[51]. - Other net losses for the reporting period amounted to approximately RMB 5.1 million, a 41.9% increase from RMB 3.6 million in the same period last year, mainly due to foreign exchange losses[27]. - Financial costs for the reporting period were approximately RMB 50.4 million, a decrease of about 40.1% from approximately RMB 84.1 million in the same period last year, mainly due to lower loan interest rates[57]. - Administrative expenses increased by 25.5%, rising from approximately RMB 1,396 million to about RMB 1,752 million, mainly due to increased employee benefits and higher business entertainment expenses from marketing activities[199]. Dividends and Shareholder Returns - The board has proposed a final dividend of RMB 0.15 per share for the year ended December 31, 2023, subject to approval at the upcoming annual general meeting, totaling approximately RMB 45.24 million[7]. - The company reported no dividends paid or declared for the year ending December 31, 2023, consistent with 2022[107]. - The company plans to propose a final dividend of RMB 0.15 per share for the year ending December 31, 2023, subject to shareholder approval, totaling approximately RMB 45,240,000[111]. Assets and Liabilities - The company's total assets as of December 31, 2023, were RMB 5,796.96 million, compared to RMB 5,244.23 million as of December 31, 2022[63]. - The company's total equity as of December 31, 2023, was RMB 1,299.01 million, an increase from RMB 922.56 million as of December 31, 2022[64]. - The total liabilities as of December 31, 2023, amounted to RMB 1,043,407 thousand, an increase from RMB 976,277 thousand in 2022, representing a growth of approximately 6.9%[104]. - Trade receivables within one year decreased to RMB 374,903,000 in 2023 from RMB 434,000,000 in 2022, while trade receivables from one to two years increased significantly to RMB 103,575,000 from RMB 52,158,000[130]. Future Plans and Investments - The company plans to focus on market expansion and the establishment of a heating technology center at the Carbon Neutrality Central Research Institute in 2024[60]. - The company plans to establish a heating technology center at the Carbon Neutrality Central Research Institute in 2024, focusing on the development of carbon-neutral heating technologies[88]. - The group intends to increase research and development investment to support the market expansion of its heating services[88]. - The company expects the market size for engineering construction services focused on heating facilities to grow to RMB 70.8 billion by 2027[36]. Corporate Governance - The company has adopted a corporate governance code and continuously reviews and enhances internal controls and procedures in response to regulatory changes[117]. - The company has established an audit committee consisting of two independent non-executive directors and one non-executive director[148]. - The company has complied with all principles and provisions of the corporate governance code since its listing date[145]. Miscellaneous - The company reported no significant events affecting its financial position or operations from the end of the reporting period until the announcement date[151]. - There are no significant future investment or capital asset plans disclosed as of the announcement date[150].

Financial Performance - For the six months ended June 30, 2023, the total revenue was RMB 710.8 million, an increase of 11.4% compared to RMB 638.2 million for the same period in 2022[19]. - The profit attributable to the owners of the company was RMB 79.3 million, representing a significant increase of 138.9% from RMB 33.2 million in the previous year[19]. - The basic and diluted earnings per share increased to RMB 0.35, up 133.3% from RMB 0.15 in the same period last year[19]. - Revenue from heating services was approximately RMB 645.5 million, up from RMB 571.0 million in the same period last year, driven by increased service area and price adjustments[22]. - Gross profit for the same period was RMB 194.6 million, with a gross margin of 27.4%, up from 21.6% in the prior year[34]. - Operating profit for the six months ended June 30, 2023, was RMB 161.1 million, compared to RMB 107.4 million in the same period of 2022[28]. - Net profit for the period was approximately RMB 113.3 million, a significant increase of 127.1% compared to RMB 49.9 million in the same period last year[60]. Assets and Liabilities - Total assets as of June 30, 2023, were RMB 5,038.7 million, a decrease of 3.9% from RMB 5,244.2 million at the end of 2022[19]. - Total liabilities decreased by 6.7% to RMB 4,032.8 million from RMB 4,321.7 million at the end of 2022[19]. - As of June 30, 2023, current assets were approximately RMB 987.2 million, down from RMB 1,158.5 million as of December 31, 2022[84]. - The current ratio as of June 30, 2023, was approximately 0.7 times, consistent with the ratio as of December 31, 2022[84]. - The company’s current net liabilities stood at RMB 447,264 thousand as of June 30, 2023, which includes contract liabilities of RMB 145,173 thousand[186]. Cash Flow and Financing - The company had cash and cash equivalents of approximately RMB 206.1 million as of June 30, 2023, down from RMB 378.1 million at the end of 2022[40]. - The net cash inflow from operating activities for the six months ended June 30, 2023, was RMB 26,866,000[163]. - The group reported a net cash used in investing activities of RMB (128,998) thousand for the first half of 2023, compared to RMB (119,678) thousand in the same period of 2022[182]. - The group’s cash flow from financing activities showed a net cash outflow of RMB (69,791) thousand in the first half of 2023, compared to a net inflow of RMB 58,436 thousand in the same period of 2022[182]. - The company has unutilized bank financing of RMB 1,039.0 million as of June 30, 2023, with RMB 834.0 million available for use within 12 months[200]. Market and Growth Prospects - The market size for the heating service industry in China is expected to grow to RMB 70.8 billion by 2027, driven by government policies and demand for clean heating solutions[20]. - The company plans to expand its heating service capacity and enter new heating service markets[72]. - The new heating service project in Xinmi is expected to commence in November 2023, contributing to an increase in the total actual heating service area[94]. Shareholder and Corporate Governance - Major shareholders collectively hold approximately 66.66% of the company's equity[100]. - The company successfully listed its H shares on the Hong Kong Stock Exchange on July 10, 2023, with net proceeds from the global offering amounting to approximately HKD 187.5 million after deducting underwriting fees and expenses[116]. - The company has adopted a set of conduct guidelines for securities trading by directors and supervisors, which meet or exceed standard codes[114]. - The company disclosed that no directors or their immediate family members were granted rights to acquire shares or debt securities during the reporting period[102]. Expenses and Other Income - Administrative expenses rose by 18.8% to approximately RMB 70.1 million, primarily due to increased employee welfare costs and marketing activities[34]. - Other income decreased by approximately 48.0% to RMB 17.1 million, mainly due to a reduction in government subsidies[35]. - Financial income decreased by approximately 23.6% to RMB 9.7 million, attributed to reduced interest income from lease receivables[38]. Future Plans and Utilization of Proceeds - The company plans to utilize the net proceeds from the global offering as outlined in the prospectus for future projects and purposes[142]. - The company plans to utilize 50% of the net proceeds from its global offering for the construction of the Lanzhou Peak Boiler Project, with an expected completion by December 31, 2024[166]. - The company has allocated 40% of the net proceeds for the Xinmi Heating Preparation and Expansion Project, also expected to be completed by December 31, 2024[166].

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，概不對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。 Wise Living Technology Co., Ltd 慧 居 科 技 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：2481） 截至2023年6月30日止六個月之中期業績公告 董事會欣然宣佈，本集團於報告期的未經審計中期業績，連同同期的比較數字 如下： 財務表現摘要 ‧ 報告期收入約人民幣710.8百萬元，較同期的約人民幣638.2百萬元增加約 11.4%。 ‧ 報告期毛利約人民幣194.6百萬元，較同期的約人民幣138.1百萬元增加約 40.9%。 ‧ 本公司擁有人應佔利潤約人民幣79.3百萬元，較同期的約人民幣33.2百 萬元增加約138.9%。 ...