Financial Performance - The company's revenue for the six months ended June 30, 2021, was HKD 4,295.6 million, an increase of 50.7% compared to HKD 2,850.1 million in the same period last year[11]. - Operating profit for the period was HKD 545.3 million, up 39.1% from HKD 392.1 million year-on-year[11]. - Profit attributable to shareholders increased by 40.4% to HKD 393.1 million, compared to HKD 280.0 million in the previous year[11]. - Basic and diluted earnings per share were HKD 0.1196, compared to HKD 0.0852 in the previous year[11]. - The average return on equity was 34.3%, slightly down from 35.1% in the previous year[11]. - The total comprehensive income for the six months ended June 30, 2021, was HKD 428.1 million, compared to HKD 255.6 million in the same period last year[40]. - Revenue increased by 36.5% to HKD 3,043.8 million for property management services, accounting for 70.9% of total revenue[28]. - Operating profit rose by 39.1% to HKD 545.3 million, with sales and administrative expenses increasing to HKD 200.6 million[27]. - Net profit attributable to shareholders increased by 40.4% to HKD 393.1 million[27]. - Gross profit increased by 34.8% to HKD 690.2 million, while gross margin decreased to 16.1% from 18.0%[27]. - Value-added services revenue grew by 93.5% to HKD 1,182.4 million, representing 27.5% of total revenue[30]. Market Expansion and Strategy - The company aims to become a leading international asset operation service provider, focusing on high-quality and balanced development[11]. - The strategic goal includes enhancing customer satisfaction and establishing benchmarks in various operational aspects[11]. - The company plans to deepen existing markets while actively exploring new external markets and leveraging technology for digital transformation[11]. - The "14th Five-Year Plan" strategy marks the beginning of a new journey for the company, emphasizing service, product, market, technology, and organizational capabilities[11]. - The group has expanded its operations to 135 cities, covering Hong Kong and Macau, with approximately 49,372 employees and managing 1,100 properties totaling nearly 232.5 million square meters[12]. - The group serves over 100 Fortune 500 companies, reflecting its strong market position and trust among major enterprises[14]. - The group is exploring market-driven strategies to expand community value-added services, enhancing customer living experiences[17]. Digital Transformation and Innovation - The "Xinghai Internet of Things" platform aims to drive digital transformation through IoT and AI technologies, focusing on smart property management solutions[15]. - The group is implementing a menu-based service design to enhance public service offerings and meet evolving customer demands[15]. - The commercial property service brand "Haina Wanshang" continues to develop in non-residential sectors, leveraging a full lifecycle asset operation model[17]. Corporate Governance and Compliance - The company adhered to the corporate governance code as per the Hong Kong Stock Exchange's listing rules throughout the reporting period[98]. - The audit committee reviewed the interim report for the six months ended June 30, 2021, focusing on accounting policies, internal controls, and financial reporting matters[99]. - The company confirmed compliance with the standard code of conduct for securities trading by all directors during the reporting period[103]. Employee and Operational Metrics - The group employed approximately 49,372 staff as of June 30, 2021, an increase from 45,398 staff at the end of 2020, with total employee costs around HKD 2,270.6 million[38]. - The company reported a slight fair value gain of HKD 0.4 million on investment properties[27]. - The net impairment provision for receivables decreased to HKD 4.6 million from HKD 18.4 million[27]. Cash Flow and Financial Position - The net cash flow from operating activities was negative HKD 466,871,000 for the six months ended June 30, 2021, compared to positive HKD 10,042,000 for the same period in 2020[44]. - Cash flow from investing activities was negative HKD 1,102,052,000 for the six months ended June 30, 2021, compared to positive HKD 456,146,000 in the prior year[44]. - Total liabilities increased to HKD 4,500,565,000 as of June 30, 2021, from HKD 3,952,781,000 as of December 31, 2020, marking a rise of 13.9%[41]. - Cash and bank balances decreased to HKD 3,258,454,000 as of June 30, 2021, down from HKD 3,705,703,000 as of December 31, 2020, a decline of 12.0%[41]. Shareholder Information - Major shareholder China Overseas Group holds approximately 56.02% of the issued shares, totaling 1,841,328,751 shares[109]. - The percentage of shares held by major shareholder Yinle Development is approximately 5.16%, totaling 169,712,309 shares[109]. - The percentage of shares held by China State Construction International Holdings is approximately 61.18%, totaling 2,011,041,060 shares[110].

Financial Performance - Revenue for the year was HKD 6,544.9 million, representing a growth of 19.7% from HKD 5,465.5 million in 2019[20] - Profit attributable to shareholders was HKD 700.0 million, up 30.2% from HKD 537.8 million in 2019[20] - Earnings per share increased to HKD 21.30, reflecting a growth of 30.2% from HKD 16.36 in 2019[20] - The gross profit margin improved to 10.8%, up from 10.0% in the previous year, indicating a 0.8 percentage point increase[20] - Operating profit rose by 22.5% to HKD 934.1 million, compared to HKD 762.5 million in 2019[53] - The average return on equity for shareholders decreased to 38.2%, down from 40.8% in the previous year, a decline of 2.6 percentage points[20] - The total employee cost for the year ended December 31, 2020, was approximately HKD 3,232.3 million, an increase from HKD 2,867.2 million in 2019, after deducting government assistance of HKD 31.4 million[124] Operational Expansion - The total managed construction area reached 182.3 million square meters, an increase of 20.4% compared to 151.4 million square meters in 2019[20] - The group expanded its operations to 122 cities, with a total service area approaching 182.3 million square meters[60] - The total area managed by the company increased by 20.4% to 182.3 million square meters, with the proportion of area managed for independent third parties rising to 10.6% from 8.1% in 2019[89] Employee and Community Engagement - The number of employees rose to 45,398, marking a 10.1% increase from 41,244 in 2019[20] - The company has engaged over 35,000 grassroots employees in various service roles, contributing to social welfare and poverty alleviation efforts[66] - 中海物业在疫情期间组织了30万斤果蔬的采购和配送，帮助海南省的瓜农解决滞销问题[157] - 中海物业在全国近100个城市的800个项目中，约有13,500名安管员和8,600名保洁员在岗，维护社区秩序和卫生[163] Strategic Initiatives - 中海物业在2020年经济活动分析会上强调推进“一体两翼四驱”战略，为“十四五”规划奠定基础[30] - The company aims to enhance its competitive capabilities and embrace changes during the strategic opportunity period, focusing on high-quality development[67] - The company is actively expanding its community value-added service brand "You Ni Interconnect" to cultivate a sustainable community business environment[63] Technology and Innovation - The company has applied for over 160 intellectual property rights and developed 20 patent technology results in 2020, indicating a strong commitment to innovation[62] - The introduction of new technologies, such as AI customer service robots, improved service delivery during the pandemic[56] - The company has implemented a digital transformation strategy utilizing IoT, AI, and smart hardware to enhance operational efficiency[62] Corporate Governance - The board of directors is responsible for maximizing long-term shareholder value and overseeing the group's strategic goals[170] - The board consists of seven members, including three independent non-executive directors, ensuring compliance with listing rules[175] - The company has adopted a board diversity policy since October 2015, focusing on various factors such as educational background and professional experience[180] - The board held four regular meetings and three additional meetings during the year to review and approve the group's financial and operational performance[189] COVID-19 Response - 中海物业在疫情期间采取了“内防扩散、外防输出”的策略，实施临时封闭管理，确保社区安全[149] - 中海物业推出了兴海AI“疫情管家”机器人，用户可通过该服务获取疫情最新消息和信息[153] - 中海物业在疫情防控工作中，制定了《疫情防控工作手册》，明确日常防控演练的要求[154] - 中海物业在疫情期间对外来人员进行体温测试，异常人员将被拒绝进入住宅区域[147]

Financial Performance - The company's revenue for the six months ended June 30, 2020, was HKD 2,850.1 million, an increase of 18.0% compared to HKD 2,414.5 million in the same period last year[13]. - Operating profit for the period was HKD 392.1 million, up 10.4% from HKD 355.2 million in the previous year[13]. - Profit attributable to owners increased by 12.0% to HKD 280.0 million, compared to HKD 250.0 million in the prior year[13]. - Basic and diluted earnings per share were HKD 0.0852, compared to HKD 0.0761 in the previous year[13]. - The gross profit margin decreased to 18.0% from 20.1% in the previous year[34]. - Overall revenue rose by 18.0% to HKD 2,850.1 million, up from HKD 2,414.5 million in the same period last year[33]. - The net profit for the period was HKD 285,824 thousand, compared to HKD 252,056 thousand in 2019, marking a growth of 13.4%[47]. - Total comprehensive income for the period was HKD 255,636 thousand, compared to HKD 249,071 thousand in 2019, showing a growth of 2.3%[56]. Operational Highlights - The company operates in 114 major cities in China, managing approximately 851 properties and covering a service area of nearly 157.5 million square meters[13]. - The total managed building area increased by 10.2% to 157.5 million square meters compared to 142.9 million square meters in the same period last year[33]. - Property management services revenue accounted for 78.3% of total revenue, increasing by 14.3% to HKD 2,230.0 million[36]. - Value-added services revenue represented 21.4% of total revenue, rising by 33.7% to HKD 611.2 million[37]. - The company serves over 100 Fortune 500 clients and has been recognized as one of the top 10 property service companies in 2020[13]. Strategic Initiatives - The company aims to expand its services through a strategy focused on quality management and asset operation[13]. - The company is focused on becoming a leading international asset operation service provider, leveraging over 30 years of experience in property management[23]. - New business developments include securing management contracts for major projects such as the Xiong'an Citizen Service Center and the Hong Kong-Zhuhai-Macao Bridge[22]. - The company aims to enhance customer satisfaction through independent surveys and a transparent feedback mechanism, achieving a customer satisfaction level that meets industry excellence[20]. - The introduction of new technologies, such as contactless elevator systems and smart temperature detection, is expected to accelerate the digital transformation of property management[19]. Pandemic Response - During the pandemic, the company conducted 14.94 million customer temperature checks and 3,900 public health promotions, receiving over 400 media reports and numerous commendations[17]. - The company's proactive pandemic response included establishing a leadership team for emergency management and implementing 77 preventive measures, ensuring the safety of both employees and residents[15]. Market Conditions - The property management industry is experiencing rapid growth due to urbanization, with increasing market recognition of its growth potential and stability[15]. - The Chinese economy faced a 1.6% year-on-year decline in GDP for the first half of the year, but showed signs of recovery with positive growth in the second quarter[19]. - The new legal framework established by the Civil Code is expected to create more market opportunities for companies that prioritize integrity and innovation[17]. Financial Position - As of June 30, 2020, net current assets were HKD 1,447.0 million, up from HKD 1,279.4 million at the end of 2019[41]. - Cash and bank balances slightly decreased by 1.8% to HKD 2,450.8 million, with 95.5% in RMB[41]. - The group employed approximately 42,710 employees as of June 30, 2020, compared to 41,244 employees as of December 31, 2019, reflecting an increase in workforce[46]. - Total liabilities as of June 30, 2020, were HKD 1,753,703,000, slightly up from HKD 1,745,903,000 as of December 31, 2019, indicating a marginal increase of about 0.45%[130]. Corporate Governance - The company has adopted and complied with the corporate governance code as per the Hong Kong Stock Exchange's listing rules for the six months ending June 30, 2020[148]. - The board of directors confirmed compliance with the standard code for securities trading during the reporting period[153]. - The audit committee reviewed the group's accounting policies and practices, including internal controls and financial reporting matters[149].

Financial Performance - Revenue for the year reached HKD 5,465.5 million, a significant increase of 30.8% from HKD 4,177.5 million in 2018[17] - Profit attributable to owners of the company was HKD 537.8 million, up 33.4% from HKD 403.2 million in the previous year[17] - Earnings per share rose to HKD 16.36, reflecting a 33.3% increase from HKD 12.27 in 2018[17] - Operating profit rose by 36.3% to HKD 762.5 million, compared to HKD 559.5 million in 2018[67] - Gross profit increased by 28.2% to HKD 1,090.4 million, maintaining a stable gross profit margin at 20.0%[99] - The average return on equity for shareholders was 40.8%, slightly up from 40.6% in 2018[67] - The total revenue for the year increased by 30.8% to HKD 5,465.5 million, compared to HKD 4,177.5 million in the previous year[96] Dividends and Shareholder Returns - The company declared a final dividend of HKD 5.0 per share, which is a 25.0% increase from HKD 4.0 per share in the previous year[17] - The company proposed a final dividend of HKD 0.028 per share, up from HKD 0.020 in 2018, leading to a total dividend of HKD 0.050 for the year[67] Operational Metrics - The total managed construction area increased to 151.4 million square meters, representing a growth of 7.5% compared to 140.9 million square meters in 2018[17] - The number of employees increased by 14.0% to 41,244 from 36,193 in 2018[17] - The liquidity position showed a bank balance and cash of HKD 2,495.7 million, a 4.0% increase from HKD 2,398.6 million in 2018[17] - The debt-to-asset ratio decreased to 64.3%, down from 68.2% in the previous year, indicating improved financial stability[17] Strategic Initiatives - China Overseas Property signed a comprehensive strategic cooperation agreement with China State Construction International Group, marking the beginning of full cooperation in the mainland market[29] - The company launched four new service sub-brands in January, enhancing its service offerings[24] - The company established a joint venture with Chengdu Urban Investment Land Co., Ltd., named Chengdu Urban Investment China Overseas Property Management Co., Ltd.[31] - The company has expanded its service categories to ten, including new contracts for offices, schools, hospitals, and tourist attractions[70] Customer Satisfaction and Market Position - China Overseas Property's customer satisfaction survey in 2019 reached a new breakthrough, achieving industry benchmark levels[59] - Customer satisfaction survey results returned to industry benchmark levels, reflecting the company's commitment to service excellence[70] - The company has won property service contracts for nine offices of a major telecommunications company and three large department stores in different cities, indicating strong market expansion efforts[72] Technological Advancements - The company has launched the "Xinghai Cloud" product system, leveraging IoT technology to provide comprehensive value chain services throughout the building lifecycle[79] - The company has established a national 5G community, "Zhenrufu," as a benchmark for smart park development, showcasing its commitment to technological advancement[80] - The company aims to enhance operational efficiency in building spaces through big data and digital technology, striving to become a leader in the field of building intelligence[80] Corporate Governance - The board of directors is responsible for maximizing long-term shareholder value and overseeing the group's strategic objectives[170] - The board has delegated daily management powers to the CEO while retaining decision-making authority on significant matters, including financial data and major transactions[170] - The board aims to maintain a balance of necessary skills and experience to enhance decision-making and independent judgment[182] - The company established a remuneration committee, audit committee, and nomination committee to oversee specific aspects of its affairs[200] Social Responsibility and Sustainability - The company received the "Outstanding Corporate Social Responsibility Award" at the 8th Outstanding Corporate Social Responsibility Awards ceremony[85] - The group is committed to sustainable development, implementing high standards for energy savings and carbon emission reductions in managed properties[144] - The group has implemented various environmental initiatives, including water-saving systems and energy-efficient equipment upgrades[148]

Financial Performance - The group's revenue for the six months ended June 30, 2019, was HKD 2,400.4 million, an increase of 25.9% compared to HKD 1,906.9 million in the same period last year[11]. - Operating profit for the period was HKD 353.2 million, up 11.9% year-on-year[11]. - Profit attributable to owners of the company increased by 12.5% to HKD 248.5 million, with basic and diluted earnings per share at HKD 0.0756[11]. - The average return on equity was 41.1%, down from 46.7% in the previous year[11]. - The total revenue for the six months ended June 30, 2019, increased by 25.9% to HKD 2,400.4 million, compared to HKD 1,906.9 million in the same period last year[21]. - Operating profit rose by 11.9% to HKD 353.2 million, up from HKD 315.7 million in the previous year[22]. - Profit attributable to owners increased by 12.5% to HKD 248.5 million, compared to HKD 220.8 million in the same period last year[22]. - The company reported a profit for the period of HKD 250.5 million, an increase from HKD 224.2 million in 2018[33]. - Total comprehensive income for the period was HKD 247,588,000, up from HKD 235,237,000 in the previous year, reflecting a growth of 5.7%[36]. Revenue Breakdown - Revenue from property management services accounted for 80.8% of total revenue, increasing by 23.1% to HKD 1,937.8 million[24]. - Revenue from value-added services increased by 37.2% to HKD 457.1 million, representing 19.0% of total revenue[25]. - Revenue from non-residential value-added services rose by 48.1% to HKD 312.9 million[25]. - The newly established parking space trading business generated revenue of HKD 5.5 million, with a gross profit margin of 42.8%[27]. - The reported revenue from external customers for the value-added services segment was HKD 1,937,814,000, contributing to a total revenue of HKD 2,400,420,000[67]. Cost and Expenses - Direct operating costs increased by 39.1% to HKD 1,917.2 million, impacting the overall gross profit[21]. - The gross profit margin for the property management services segment decreased to 16.8%, down from 25.8% in the previous year[24]. - The gross profit margin for the value-added services segment was 33.9%, down from 36.8% in 2018[26]. - Total employee costs for the first half of 2019 were approximately HKD 1,284.3 million, compared to HKD 1,048.5 million in 2018[32]. Dividends and Shareholder Information - The board declared an interim dividend of HKD 0.022 per share, up from HKD 0.020 per share in the previous year[11]. - The interim dividend declared for 2019 is HKD 72,311,000, up from HKD 65,737,000 in 2018, marking an increase of approximately 10.4%[76]. - Major shareholder China Overseas Group holds 1,841,328,751 shares, representing 56.023% of the company's equity[112]. - Major shareholder China State Construction holds 2,011,041,060 shares, representing 61.183% of the company's equity[112]. - The total number of issued shares as of June 30, 2019, is 3,286,860,460 shares[113]. Strategic Initiatives - The company established a development strategy focusing on property services, quality management, and asset management as key drivers[12]. - The group aims to enhance customer satisfaction and improve the proportion of non-core service revenue in total revenue[12]. - The company is committed to a long-term sustainable development strategy amidst global economic uncertainties and pressures[12]. - The company aims to expand its management scale through external market development, joint ventures, and acquisitions, while maintaining a focus on high-quality and profitable projects[14]. - The company is committed to improving service quality and customer satisfaction, aiming to set industry benchmarks and enhance its brand image[15]. - The company plans to steadily develop value-added services to create new profit growth points, focusing on business types with broad market prospects[17]. - The company is leveraging new technologies such as IoT and AI to enhance operational efficiency and reduce costs, establishing a solid technological foundation for better service delivery[18]. - The company is actively optimizing its talent acquisition and development system to ensure a strong human resource foundation for long-term growth[19]. - The company is engaged in social responsibility initiatives, including poverty alleviation efforts and environmental protection activities, to contribute positively to society[20]. Market Challenges - The property management industry in China is facing multiple challenges, including rising labor costs and increasing market concentration, with leading companies reaching peak market share and management area in 2019[13]. - The company anticipates significant growth opportunities in the industry, supported by its controlling shareholder, China State Construction Group, which is recognized as a world-class enterprise[20]. Assets and Liabilities - As of June 30, 2019, the net current assets amounted to HKD 1,002.5 million, up from HKD 857.2 million at the end of 2018[28]. - Non-current assets increased to HKD 334,367,000 as of June 30, 2019, compared to HKD 294,032,000 at the end of 2018, marking a rise of 13.7%[37]. - The company's total assets less current liabilities reached HKD 1,336,849,000, compared to HKD 1,151,209,000, reflecting a growth of 16.1%[38]. - The company's total liabilities as of June 30, 2019, were HKD (2,395,181,000)[70]. - Trade receivables as of June 30, 2019, were HKD 891,679,000, an increase from HKD 585,937,000 as of December 31, 2018, representing a growth of approximately 52%[85]. - The total inventory as of June 30, 2019, was HKD 245,336,000, a significant increase from HKD 37,142,000 as of December 31, 2018[83]. Compliance and Governance - The company adhered to the corporate governance code as stipulated by the Hong Kong Stock Exchange throughout the reporting period[97]. - The audit committee reviewed the interim report for the six months ended June 30, 2019, ensuring compliance with accounting policies and internal controls[98].

Financial Performance - Revenue for the year reached HKD 4,154.7 million, a 23.7% increase from HKD 3,357.8 million in 2017[16] - The net profit attributable to the company's owners was HKD 402.1 million, reflecting a 31.1% increase from HKD 306.8 million in the prior year[16] - The gross profit amounted to HKD 848.8 million, up 5.8% from HKD 802.4 million in 2017[16] - The company reported a net profit margin of 9.8%, an increase of 0.7 percentage points from 9.1% in the previous year[16] - Earnings per share rose to HKD 12.23, a 31.1% increase compared to HKD 9.33 in 2017[16] - Operating profit rose by 27.5% to HKD 558.0 million, while profit attributable to shareholders increased by 31.1% to HKD 402.1 million[38] - Overall revenue rose by 23.7% to HKD 4,154.7 million, up from HKD 3,357.8 million, driven by increased managed area, expanded value-added services, and the appreciation of RMB against HKD[54] Construction and Management - The company managed a total construction area of 140.9 million square meters at year-end, representing a 9.8% increase from 128.3 million square meters in the previous year[14] - The total managed area increased by 9.8% to 140.9 million square meters by year-end[39] - The group secured new or renewed property management contracts worth approximately HKD 838.3 million during the year[39] - The company operates in 74 major cities in China, with over 36,000 employees and manages 705 property projects covering more than 140 million square meters[20] Dividends and Shareholder Returns - The company declared a dividend of HKD 4.0 per share, up 33.3% from HKD 3.0 in the previous year[16] - The interim dividend per share is HKD 0.02, an increase from HKD 0.015 in 2017, and the proposed final dividend for the year ending December 31, 2018, is also HKD 0.02, totaling approximately HKD 65,737,000[166] - The company’s board has approved a dividend policy to distribute approximately 30% of the profit attributable to shareholders as dividends, subject to certain conditions[166] Technology and Innovation - In October 2018, the company signed a strategic cooperation agreement with Huawei to accelerate the development and application of its IoT platform, enhancing its core competitive advantage in the industry[29] - The group aims to enhance customer satisfaction and operational scale through IoT and mobile internet platforms, increasing the proportion of non-core service revenue[38] - The company is leveraging new technologies such as IoT, big data, and AI to transform property service models from labor-intensive to efficient modern service models[41] - The company is investing in new technology development, allocating $50 million for R&D in the upcoming year[153] Employee and Talent Management - The group employed approximately 36,115 employees as of December 31, 2018, an increase from 30,014 employees in the previous year[83] - Total employee costs for the year amounted to approximately HKD 2,161.5 million, compared to HKD 1,842.4 million in 2017[83] - The group conducted nearly 600 specialized training sessions in 2018, with a total of over 24,700 participants[95] - The company is enhancing its talent acquisition and development system to support long-term business growth, including partnerships with educational institutions[47] Corporate Governance - The board of directors is committed to maximizing long-term shareholder value and has delegated daily management powers to the CEO[103] - The company has complied with all provisions of the Corporate Governance Code as of December 31, 2018[103] - The board consists of seven members, with three being independent non-executive directors, enhancing independent judgment in decision-making[109] - The company has adopted a board diversity policy since October 2015, focusing on various factors such as educational background and professional experience when selecting candidates[109] Risk Management - The Board is responsible for establishing and maintaining effective risk management and internal control systems[129] - The company has established a systematic risk management framework to identify and mitigate risks affecting its objectives, ensuring compliance with the revised risk management code requirements[131] - During the year, the company conducted an annual risk assessment, identifying major risk points such as macroeconomic risks, human resources risks, and legal dispute risks, and implemented measures to mitigate these risks[133] Community Engagement and Social Responsibility - The company is committed to social responsibility by providing employment opportunities in impoverished areas and engaging in community service activities[48] - The company launched the "Youqi Life - Enjoying Elderly Care" health service pilot program, with over 500 participants in related activities[31] - The company has implemented various environmental initiatives, including LED conversion projects to reduce carbon emissions[81] Market Expansion and Strategic Initiatives - The company plans to actively expand through external market development, joint ventures, and acquisitions while maintaining a prudent approach to growth[42] - The company is focused on expanding its property management business in Hong Kong and Macau[155] - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[149] Financial Health and Assets - Cash and bank balances stood at HKD 2,398.3 million, a decrease of 11.5% from HKD 2,711.0 million in the previous year[16] - The company's debt-to-asset ratio improved to 68.3%, down 7.5 percentage points from 75.8% in the prior year[16] - As of December 31, 2018, the net current assets were HKD 857.2 million, a slight decrease from HKD 873.9 million in the previous year[72] Value-Added Services - Revenue from property management services accounted for 90.1% of total revenue, increasing by 21.0% to HKD 3,745.1 million from HKD 3,094.7 million in 2017[59] - The value-added services segment's revenue increased to 9.9% of total revenue, up from 7.8% in the previous year, with a significant rise of 55.7% to HKD 409.6 million[65] - The engineering services sub-segment revenue surged by 73.8% to HKD 170.9 million, while the community assets and services operations sub-segment revenue rose by 44.9% to HKD 238.7 million[65]