Core Viewpoint - New Hope Service reported a revenue increase of 4.3% year-on-year for the six months ending June 30, 2025, reaching RMB 739.8 million, driven by strong growth in property management services [1][2] Financial Performance - Revenue for property management services was RMB 467.1 million, accounting for 63.1% of total revenue, a 15.2% increase from RMB 405.6 million in the same period last year [1] - Gross profit was RMB 233.7 million, a slight increase of 0.6% from RMB 232.3 million, with a gross margin of 31.6% [1] - Profit attributable to equity shareholders was RMB 120.9 million, up 2.4% from RMB 118.1 million [1] - The board proposed an interim dividend of HKD 0.110 per share, compared to HKD 0.090 per share for the same period last year [1] - Net cash flow from operating activities was approximately RMB 21.0 million, a significant improvement from a negative RMB 26.1 million in the previous year [1] Project and Market Development - The number of projects under management reached 254, with a managed area of approximately 38.0 million square meters, reflecting a growth of about 7.4% year-on-year [2] - The number of signed projects was 269, with a signed area of 41.4 million square meters, an increase of 2.2% from the previous year [2] - The company achieved a signing amount of RMB 560 million for third-party projects in the first half of 2025, equivalent to 92.6% of the total signing amount for the entire year of 2024 [2] - The company successfully acquired landmark projects in Kunming and Chengdu, enhancing its operational capabilities across various sectors [2] - The penetration rate for home retail services reached 6.71%, a 3 percentage point increase from the previous year, with gift box sales surpassing 130,000 units, a 30% increase year-on-year [2]

Core Viewpoint - New Hope Service (03658) reported a slight increase in net profit and revenue for the six months ending June 30, 2025, indicating stable growth in its financial performance [1] Financial Performance - The company's revenue reached RMB 740 million, representing a year-on-year growth of 4.34% [1] - Shareholders' net profit amounted to RMB 121 million, reflecting a year-on-year increase of 2.36% [1] - Earnings per share were reported at RMB 0.149 [1] Dividend Information - The interim dividend declared is HKD 0.11 per share [1]

Core Viewpoint - New Hope Service (03658) reported a mid-term performance for the six months ending June 30, 2025, showing a revenue of RMB 740 million, representing a year-on-year growth of 4.34% [1] - The profit attributable to shareholders was RMB 121 million, reflecting a year-on-year increase of 2.36% [1] - Earnings per share stood at RMB 0.149, with an interim dividend of HKD 0.11 [1] Financial Performance - Revenue reached RMB 740 million, up 4.34% year-on-year [1] - Shareholder profit amounted to RMB 121 million, an increase of 2.36% compared to the previous year [1] - Earnings per share were reported at RMB 0.149 [1] - The company declared an interim dividend of HKD 0.11 [1]

EF001 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 其他信息 不適用 發行人董事 於本公告日期，董事會由執行董事劉栩先生及陳靜女士；非執行董事姜孟軍先生（董事會主席）、武敏女士（董事會聯席主席）、 李巍女士及張薇女士；以及獨立非執行董事曹麒麟先生、江智武先生及李正國先生組成。 第 2 頁 共 2 頁 v 1.1.1 EF001 免責聲明 | 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 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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 新希望服務控股有限公司 | | 股份代號 | 03658 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年6月30日止六個月之中期股息 | | 公告日期 | 2025年8月28日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中 ...

[Interim Results Summary](index=1&type=section&id=Interim%20Results%20Summary) New Hope Service Holdings Co., Ltd. reports a 4.3% revenue increase to RMB 739.8 million and a 2.4% profit growth to RMB 120.9 million for the six months ended June 30, 2025, with significant improvement in operating cash flow Key Financial and Operational Data for H1 2025 | Indicator | H1 2025 (RMB million) | H1 2024 (RMB million) | YoY Growth (%) | | :--- | :--- | :--- | :--- | | **Financial Performance** | | | | | Total Revenue | 739.8 | 709.0 | 4.3 | | Gross Profit | 233.7 | 232.3 | 0.6 | | Profit Attributable to Equity Holders | 120.9 | 118.1 | 2.4 | | Net Cash Flow from Operating Activities | 21.0 | -26.1 | Significant Improvement | | **Revenue by Business Segment** | | | | | Property Management Services | 467.1 | 405.6 | 15.2 | | Living Services | 176.6 | 170.4 | 3.6 | | Commercial Operation Services | 48.2 | 65.2 | -26.1 | | Non-Owner Value-Added Services | 47.9 | 67.7 | -29.2 | | **Operational Scale** | | | | | Number of Managed Projects | 254 | 244 | 4.1 | | Managed Gross Floor Area (million sq.m.) | 38.0 | 35.4 | 7.4 | | Number of Contracted Projects | 269 | 264 | 1.9 | | Contracted Gross Floor Area (million sq.m.) | 41.4 | 40.5 | 2.2 | | **Dividends** | | | | | Interim Dividend (HKD/share) | 0.110 | 0.090 | 22.2 | [Interim Results](index=3&type=section&id=Interim%20Results) This section presents the Group's consolidated financial statements, including the statement of profit or loss and other comprehensive income, and the statement of financial position [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=3&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2025, the Group's revenue increased by 4.3% to RMB 739,818 thousand, with a slight 0.6% rise in gross profit to RMB 233,680 thousand, and basic earnings per share of RMB 0.149 Summary of Consolidated Statement of Profit or Loss and Other Comprehensive Income (RMB thousand) | Indicator | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Revenue | 739,818 | 709,018 | | Cost of Sales | (506,138) | (476,685) | | Gross Profit | 233,680 | 232,333 | | Operating Profit | 152,253 | 143,508 | | Profit Before Tax | 159,040 | 152,938 | | Profit and Total Comprehensive Income for the Period | 131,473 | 127,378 | | Profit Attributable to Equity Holders of the Company | 120,923 | 118,135 | | Basic and Diluted Earnings Per Share (RMB yuan) | 0.149 | 0.145 | [Consolidated Statement of Financial Position](index=4&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's total assets less current liabilities increased, with net assets rising to RMB 1,394,990 thousand and total equity attributable to equity holders of the company reaching RMB 1,304,704 thousand Summary of Consolidated Statement of Financial Position (RMB thousand) | Indicator | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Non-current Assets | 467,366 | 453,573 | | Current Assets | 1,646,870 | 1,631,072 | | **Liabilities** | | | | Current Liabilities | 680,994 | 710,711 | | Non-current Liabilities | 38,252 | 45,637 | | **Equity** | | | | Net Assets | 1,394,990 | 1,328,297 | | Total Equity Attributable to Equity Holders of the Company | 1,304,704 | 1,245,655 | [Notes to the Unaudited Interim Financial Report](index=6&type=section&id=Notes%20to%20the%20Unaudited%20Interim%20Financial%20Report) This section provides detailed notes on the company's information, basis of preparation, accounting policy changes, revenue and segment reporting, and other financial items [Company Information](index=6&type=section&id=Company%20Information) New Hope Service Holdings Co., Ltd., incorporated in the Cayman Islands, primarily operates in property management, living services, commercial operation, and non-owner value-added services in China, with Mr. Liu Yonghao and Ms. Liu Chang as ultimate controlling parties - The Company was **incorporated in the Cayman Islands** as an exempted company on November 5, 2020[7](index=7&type=chunk) - The Group primarily engages in **property management services, living services, commercial operation services, and non-owner value-added services** in China[7](index=7&type=chunk) - The **ultimate controlling parties** of the Group are Mr. Liu Yonghao and Ms. Liu Chang[7](index=7&type=chunk) [Basis of Preparation](index=6&type=section&id=Basis%20of%20Preparation) This interim financial report is prepared in accordance with the HKEX Listing Rules and IAS 34, and has been reviewed by KPMG, though it remains unaudited - This interim financial report is prepared in accordance with the applicable disclosure provisions of the **Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited**, including compliance with **International Accounting Standard 34 Interim Financial Reporting** issued by the International Accounting Standards Board[8](index=8&type=chunk) - This interim financial report is **unaudited** but has been **reviewed by KPMG** in accordance with Hong Kong Standard on Review Engagements 2410 issued by the Hong Kong Institute of Certified Public Accountants[9](index=9&type=chunk) [Changes in Accounting Policies](index=7&type=section&id=Changes%20in%20Accounting%20Policies) The Group applied IAS 21 (Amendments) "The Effects of Changes in Foreign Exchange Rates — Lack of Exchangeability," which had no significant impact on this interim report due to the absence of foreign currency non-exchangeable transactions - The Group has applied **IAS 21 (Amendments) The Effects of Changes in Foreign Exchange Rates — Lack of Exchangeability**[10](index=10&type=chunk) - These amendments had **no significant impact** on this interim report, as the Group did not enter into any foreign currency exchange transactions that were not exchangeable into other currencies[10](index=10&type=chunk) [Revenue and Segment Reporting](index=7&type=section&id=Revenue%20and%20Segment%20Reporting) The Group's revenue primarily comes from four segments: property management, living services, commercial operation, and non-owner value-added services, with property management being the largest contributor at 63.1% of total revenue [Revenue](index=7&type=section&id=Revenue) The Group's revenue is categorized by recognition timing and detailed by service type, with property management services contributing the highest revenue from a diversified customer base Revenue Breakdown (RMB thousand) | Revenue Recognition Timing | 2025 | 2024 | | :--- | :--- | :--- | | Over Time | 611,078 | 575,160 | | At a Point in Time | 122,390 | 125,870 | | Rental Income from Investment Properties | 6,350 | 7,988 | | **Total** | **739,818** | **709,018** | | **Service Type** | | | | Property Management Services | 467,112 | 405,634 | | Living Services | 176,613 | 170,448 | | Commercial Operation Services | 48,196 | 65,230 | | Non-Owner Value-Added Services | 47,897 | 67,706 | - The Group has a **diversified customer base**, with no single customer contributing 10% or more of its revenue[14](index=14&type=chunk) [Segment Reporting](index=8&type=section&id=Segment%20Reporting) The Group operates four reportable segments: property management, living services, commercial operation, and non-owner value-added services, with property management services generating the highest revenue and gross profit in H1 2025 - The Group has **four operating and reportable segments**: property management services, living services, commercial operation services, and non-owner value-added services[18](index=18&type=chunk)[21](index=21&type=chunk) Revenue and Gross Profit by Operating Segment (RMB thousand) | Segment | H1 2025 Revenue | H1 2025 Gross Profit | H1 2024 Revenue | H1 2024 Gross Profit | | :--- | :--- | :--- | :--- | :--- | | Property Management Services | 467,112 | 118,377 | 405,634 | 103,809 | | Living Services | 176,613 | 68,721 | 170,448 | 63,900 | | Commercial Operation Services | 48,196 | 30,996 | 65,230 | 41,687 | | Non-Owner Value-Added Services | 47,897 | 15,586 | 67,706 | 22,937 | | **Total** | **739,818** | **233,680** | **709,018** | **232,333** | [Net Other Expenses](index=10&type=section&id=Net%20Other%20Expenses) For the six months ended June 30, 2025, the Group's net other expenses decreased by 57.1% to RMB 3,336 thousand, primarily due to reduced fair value loss on investment properties and increased forfeited rental deposits Net Other Expenses (RMB thousand) | Item | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Fair Value Loss on Investment Properties | (8,972) | (9,521) | | Government Grants | 1,257 | 866 | | Forfeited Rental Deposits | 3,136 | 9 | | Others | 1,243 | 995 | | **Total** | **(3,336)** | **(7,651)** | [Profit Before Tax](index=10&type=section&id=Profit%20Before%20Tax) Profit before tax was primarily influenced by net finance income, staff costs, and other items, with net finance income decreasing year-on-year while staff costs and depreciation/amortization expenses increased [Net Finance Income](index=10&type=section&id=Net%20Finance%20Income) The Group's net finance income decreased from RMB 9,398 thousand in H1 2024 to RMB 6,774 thousand in H1 2025, mainly due to lower interest income Net Finance Income (RMB thousand) | Item | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Interest Income | (8,417) | (10,901) | | Interest on Lease Liabilities | 1,165 | 1,393 | | Others | 478 | 110 | | **Total** | **(6,774)** | **(9,398)** | [Staff Costs](index=10&type=section&id=Staff%20Costs) The Group's total staff costs increased from RMB 164,051 thousand in H1 2024 to RMB 181,119 thousand in H1 2025, primarily due to higher salaries, wages, and other benefits Staff Costs (RMB thousand) | Item | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Salaries, Wages and Other Benefits | 164,474 | 149,163 | | Contributions to Defined Contribution Retirement Plans | 16,645 | 14,888 | | **Total** | **181,119** | **164,051** | [Other Items](index=11&type=section&id=Other%20Items) Other items include increased amortization of intangible assets and depreciation of property and equipment, alongside expected credit losses on financial assets Other Items (RMB thousand) | Item | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Amortization of Intangible Assets | 9,523 | 8,413 | | Depreciation of Property and Equipment | 4,078 | 3,028 | | Expected Credit Losses on Financial Assets — Trade Receivables | 8,031 | 10,461 | | Expected Credit Losses on Financial Assets — Prepayments, Deposits and Other Receivables | 1,985 | 802 | | Rental Income from Investment Properties Less Direct Expenses | 3,033 | 4,662 | | Expenses Related to Short-Term Leases | 915 | 1,207 | [Income Tax](index=11&type=section&id=Income%20Tax) The Group's income tax expense of RMB 27,567 thousand aligns with profit growth, with a statutory rate of 25% in China and preferential rates for certain subsidiaries Income Tax (RMB thousand) | Item | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Current Tax — China Corporate Income Tax | 18,949 | 26,318 | | Deferred Tax — Origination and Reversal of Temporary Differences | 4,962 | (3,721) | | Withholding Tax Related to Retained Profits to be Distributed by a Subsidiary of the Group | 3,656 | 2,963 | | **Total** | **27,567** | **25,560** | - China current income tax is provided at the **statutory rate of 25%**[28](index=28&type=chunk) - Certain subsidiaries enjoy a **preferential income tax rate of 15%** for Western Development or a **5% preferential tax rate** as small low-profit enterprises[29](index=29&type=chunk) [Earnings Per Share](index=12&type=section&id=Earnings%20Per%20Share) For the six months ended June 30, 2025, profit attributable to equity holders of the company was RMB 120,923 thousand, resulting in basic and diluted earnings per share of RMB 0.149, an increase from RMB 0.145 in the prior period Earnings Per Share (RMB thousand/thousand shares) | Indicator | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Profit Attributable to Equity Holders of the Company | 120,923 | 118,135 | | Weighted Average Number of Ordinary Shares (thousand shares) | 814,126 | 814,126 | | Basic and Diluted Earnings Per Share (RMB yuan) | 0.149 | 0.145 | - Diluted earnings per share are the same as basic earnings per share as the Group had **no potential dilutive ordinary shares** during the reporting period[30](index=30&type=chunk) [Trade Receivables](index=13&type=section&id=Trade%20Receivables) As of June 30, 2025, the Group's total trade receivables were RMB 497,926 thousand, with the majority from external customers and most receivables due within one year Trade Receivables (RMB thousand) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Trade Receivables from Related Companies | 137,212 | 152,976 | | Trade Receivables from External Customers | 404,737 | 331,923 | | Less: Provision for Trade Receivables | (44,023) | (35,992) | | **Total** | **497,926** | **448,907** | Aging Analysis of Trade Receivables (RMB thousand) | Aging | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Within 1 Year | 470,958 | 433,023 | | 1 to 2 Years | 24,060 | 9,387 | | 2 to 3 Years | 2,716 | 6,306 | | 3 to 4 Years | 192 | 191 | | **Total** | **497,926** | **448,907** | [Trade Payables](index=13&type=section&id=Trade%20Payables) As of June 30, 2025, the Group's trade payables decreased to RMB 190,783 thousand from December 31, 2024, with most payables due within one year Trade Payables (RMB thousand) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Amounts Payable to Companies Controlled by Ultimate Owners | 1,860 | 3,660 | | Amounts Payable to Third Parties | 188,923 | 209,638 | | **Total** | **190,783** | **213,298** | Aging Analysis of Trade Payables (RMB thousand) | Aging | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Within 1 Year | 186,815 | 207,799 | | 1 to 2 Years | 1,861 | 2,895 | | 2 to 3 Years | 931 | 1,876 | | Over 3 Years | 1,176 | 728 | | **Total** | **190,783** | **213,298** | [Capital, Reserves and Dividends](index=14&type=section&id=Capital%2C%20Reserves%20and%20Dividends) This section outlines the Group's dividend policy and capital structure, with the Board recommending an increased interim dividend of HKD 0.110 per share [Dividends](index=14&type=section&id=Dividends) The Board recommended an interim dividend of HKD 0.110 per share for the six months ended June 30, 2025, an increase from HKD 0.090 per share in H1 2024 Interim Dividends (RMB thousand) | Item | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Interim Dividend of HKD 0.110 per share (equivalent to RMB 0.100) | 81,413 | 67,572 | Final Dividend for Previous Financial Year (RMB thousand) | Item | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Final Dividend for Previous Financial Year of RMB 0.076 per share Approved in Next Interim Period | 61,874 | 74,227 | [Share Capital](index=15&type=section&id=Share%20Capital) The Group's share capital consists of ordinary shares that are fully issued and paid - The Group's share capital comprises **issued and fully paid ordinary shares**[38](index=38&type=chunk)[39](index=39&type=chunk) [Significant Related Party Transactions](index=15&type=section&id=Significant%20Related%20Party%20Transactions) The Group conducted various related party transactions with companies controlled by its ultimate owners and their associates, primarily involving property management and other services, leading to corresponding trade receivables and payables [Significant Related Party Transactions](index=15&type=section&id=Significant%20Related%20Party%20Transactions) The Group provided property management and other services to companies controlled by its ultimate owners and their associates, generating RMB 118,017 thousand in related revenue during H1 2025 Provision of Property Management and Other Services (RMB thousand) | Nature of Related Party | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Companies Controlled by Ultimate Owners | 98,304 | 107,093 | | Associates of Companies Controlled by Ultimate Owners | 19,713 | 29,722 | [Balances with Related Parties](index=15&type=section&id=Balances%20with%20Related%20Parties) As of June 30, 2025, the Group had trade receivables of RMB 137,212 thousand, trade payables of RMB 1,860 thousand, contract liabilities of RMB 4,859 thousand, and lease liabilities of RMB 5,366 thousand with companies controlled by its ultimate owners Balances with Related Parties (RMB thousand) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Trade Receivables — Companies Controlled by Ultimate Owners | 137,212 | 152,976 | | Trade Payables — Companies Controlled by Ultimate Owners | 1,860 | 3,660 | | Contract Liabilities — Companies Controlled by Ultimate Owners | 4,859 | 9,198 | | Lease Liabilities — Rent Payable to Companies Controlled by Ultimate Owners | 5,366 | 5,262 | [Management Discussion and Analysis](index=16&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an overview of the Group's business performance, future strategies, and financial review for the reporting period [Business Review](index=16&type=section&id=Business%20Review) The Group achieved steady growth in a complex macro environment, with increases in total revenue and net profit attributable to shareholders, driven by expanding property management and living services, while commercial operation and non-owner value-added services faced market pressures [Overview](index=16&type=section&id=Overview) New Hope Service, a leading comprehensive property management enterprise in Western China, reported a 4.3% revenue growth, 2.4% net profit increase, and a significant 180.5% rise in operating cash flow, with third-party revenue accounting for 84% - The Group was awarded "**TOP 15 Comprehensive Strength of China Property Enterprises**" and "**TOP 16 China Property Service Power Enterprises**"[43](index=43&type=chunk) - During the reporting period, the Group recorded revenue of approximately **RMB 739.8 million**, a **4.3% increase** year-on-year[44](index=44&type=chunk) - **Net profit attributable to shareholders** reached **RMB 120.9 million**, a **2.4% increase** year-on-year[44](index=44&type=chunk) - **Operating cash flow** was **RMB 21.0 million**, an **increase of 180.5%** year-on-year[44](index=44&type=chunk) - **Third-party full-caliber revenue** accounted for **84%**, a **3.3 percentage point increase** year-on-year[44](index=44&type=chunk) [Business Model](index=17&type=section&id=Business%20Model) The Group's revenue is primarily generated from four key business segments: property management services, living services, commercial operation services, and non-owner value-added services - The Group's revenue primarily derives from **four business segments**: property management services, living services, commercial operation services, and non-owner value-added services[45](index=45&type=chunk) [Property Management Services](index=17&type=section&id=Property%20Management%20Services) Property management services, the Group's largest revenue source, saw growth in both managed and contracted GFA, with 96.4% of revenue from high-tier cities and strong third-party expansion capabilities Scale of Property Management Services (ten thousand sq.m.) | Indicator | June 30, 2025 | June 30, 2024 | Growth Rate (%) | | :--- | :--- | :--- | :--- | | Number of Contracted Properties | 269 | 264 | 1.9 | | Number of Managed Properties | 254 | 244 | 4.1 | | Managed Gross Floor Area | 3,803.5 | 3,542.9 | 7.4 | | Contracted Gross Floor Area | 4,140.3 | 4,052.1 | 2.2 | - Property management revenue from the **Southwest and East China regions** collectively accounted for **82.3%** of total property management revenue[47](index=47&type=chunk) Property Management Revenue and GFA by Region (RMB ten thousand/ten thousand sq.m.) | Regional Distribution | 2025 Revenue | 2025 Share (%) | 2025 Managed GFA | 2025 Share (%) | GFA Growth (%) | Revenue Growth (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Southwest Region | 21,863.7 | 46.8 | 1,923.8 | 50.6 | 6.8 | 15.3 | | East China Region | 16,606.7 | 35.5 | 1,295.2 | 34.1 | 7.7 | 11.5 | | South China Region | 3,654.8 | 7.8 | 302.3 | 7.9 | 13.3 | 13.0 | | North China Region | 4,089.7 | 8.8 | 248.4 | 6.5 | 4.5 | 40.6 | | Central China Region | 496.3 | 1.1 | 33.8 | 0.9 | 0.0 | -10.2 | | **Total** | **46,711.2** | **100.0** | **3,803.5** | **100.0** | **7.4** | **15.2** | - **96.4% of the Group's property management revenue** is derived from projects managed in **Tier 1, New Tier 1, and Tier 2 cities** in China[50](index=50&type=chunk) Property Management Revenue and GFA by City Tier (RMB ten thousand/ten thousand sq.m.) | City Tier | 2025 Revenue | 2025 Share (%) | 2025 Managed GFA | 2025 Share (%) | GFA Growth (%) | Revenue Growth (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Tier 1 | 342.3 | 0.7 | 12.4 | 0.3 | 0.0 | -27.9 | | New Tier 1 | 24,412.0 | 52.3 | 1,907.9 | 50.2 | 4.3 | 19.9 | | Tier 2 | 20,264.6 | 43.4 | 1,755.2 | 46.1 | 14.0 | 12.1 | | Others | 1,692.3 | 3.6 | 128.0 | 3.4 | -20.6 | 2.7 | | **Total** | **46,711.2** | **100.0** | **3,803.5** | **100.0** | **7.4** | **15.2** | - During the reporting period, the Group's **third-party contracted value was RMB 560 million**, of which **RMB 400 million was from property management services**[55](index=55&type=chunk) Managed GFA and Revenue by Property Developer Type (RMB ten thousand/ten thousand sq.m.) | Developer Type | 2025 Revenue | 2025 Share (%) | 2025 Managed GFA | 2025 Share (%) | GFA Growth (%) | Revenue Growth (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | New Hope Wuxin Industrial | 18,025.9 | 38.6 | 1,378.4 | 36.2 | 8.1 | 20.1 | | New Hope Wuxin Industrial Associates and Joint Ventures | 9,571.3 | 20.5 | 798.7 | 21.0 | -4.1 | 8.7 | | Ultimate Controlling Parties and Their Connected Persons | 1,351.5 | 2.9 | 32.6 | 0.9 | 0.0 | 3.1 | | Independent Third Parties | 17,762.5 | 38.0 | 1,593.8 | 41.9 | 13.6 | 15.0 | | **Total** | **46,711.2** | **100.0** | **3,803.5** | **100.0** | **7.4** | **15.2** | [Commercial Operation Services](index=20&type=section&id=Commercial%20Operation%20Services) Commercial operation services revenue decreased by 26.1% to RMB 48.2 million due to the commercial real estate downturn, yet third-party revenue significantly increased to 18.6%, with successful operations optimizing existing asset performance - During the reporting period, the Group's commercial operation segment achieved revenue of **RMB 48.2 million**, facing year-on-year pressure[57](index=57&type=chunk) - **Third-party revenue share significantly increased to 18.6%** (a 10.9 percentage point increase year-on-year)[57](index=57&type=chunk) - Successful operation of **Kunming Xishan Wanda** and **Expo Hotel** validated comprehensive operational capabilities[58](index=58&type=chunk) - **Nanning Xinchangxing occupancy rate was 96.07%**, and **Chengdu New Hope International rental income increased by 11.2%** year-on-year[58](index=58&type=chunk) Commercial Operation Services Revenue Breakdown by Service Type (RMB ten thousand) | Service Type | H1 2025 Revenue | H1 2025 Percentage (%) | H1 2024 Revenue | H1 2024 Percentage (%) | Growth Rate (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Market Research, Positioning and Pre-opening Services | 53.2 | 1.1 | 403.0 | 6.2 | -86.8 | | Commercial Operation Services | 4,766.4 | 98.9 | 6,119.9 | 93.8 | -22.1 | | **Total** | **4,819.6** | **100.0** | **6,522.9** | **100.0** | **-26.1** | [Living Services](index=21&type=section&id=Living%20Services) The living services segment achieved a resilient 3.6% growth to RMB 176.6 million, with group meal and retail services revenue up 9.2%, and external customers now representing 60% of the business, expanding to 33 operational projects - During the reporting period, the Group's living services segment achieved revenue of **RMB 176.6 million**, a **3.6% increase** year-on-year[60](index=60&type=chunk) - **Group meal and retail services revenue** reached **RMB 80.8 million**, a **9.2% increase**[60](index=60&type=chunk) - The proportion of **external customers significantly increased from 45% last year to 60%** in the first half, making market-oriented customers the main force of the business[60](index=60&type=chunk) - The total number of **group meal business operational projects reached 33** (an increase of 8 year-on-year), with **third-party projects accounting for 91%**[61](index=61&type=chunk) Living Services Revenue Breakdown (RMB ten thousand) | Service Type | H1 2025 Revenue | H1 2025 Percentage (%) | H1 2024 Revenue | H1 2024 Percentage (%) | Growth Rate (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Community Living Services | 7,920.3 | 44.8 | 7,905.8 | 46.4 | 0.2 | | Community Asset Management Services | 1,661.0 | 9.4 | 1,739.1 | 10.2 | -4.5 | | Online and Offline Retail Services and Catering Services | 8,080.0 | 45.8 | 7,399.8 | 43.4 | 9.2 | | **Total** | **17,661.3** | **100.0** | **17,044.7** | **100.0** | **3.6** | [Non-Owner Value-Added Services](index=22&type=section&id=Non-Owner%20Value-Added%20Services) Non-owner value-added services revenue decreased by 29.3% to RMB 47.9 million, primarily due to the contraction of real estate business, which led to reduced income from preliminary planning, design consulting, pre-delivery, and sales venue services - Non-owner value-added services revenue was **RMB 47.9 million**, a **29.3% decrease** year-on-year[64](index=64&type=chunk) - The decline in revenue was mainly due to the **contraction of the real estate business**, leading to a reduction in sales venue and engineering-related services[74](index=74&type=chunk) Non-Owner Value-Added Services Revenue Breakdown (RMB ten thousand) | Service Type | H1 2025 Revenue | H1 2025 Percentage (%) | H1 2024 Revenue | H1 2024 Percentage (%) | Growth Rate (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Preliminary Planning, Design Consulting and Pre-delivery Services | 2,122.3 | 44.4 | 4,033.6 | 59.6 | -47.4 | | Sales Venue Services | 1,922.7 | 40.1 | 2,292.5 | 33.9 | -16.1 | | Special Entrusted Services | 744.7 | 15.5 | 444.6 | 6.5 | 67.5 | | **Total** | **4,789.7** | **100.0** | **6,770.7** | **100.0** | **-29.3** | [Future Outlook](index=23&type=section&id=Future%20Outlook) The Group plans to maintain its high-target strategy, deepen its "Property+" strategy for diversified development and business synergy, and enhance efficiency and reduce costs through advanced digital operations, driven by an "AI+Robot+Human" model [Continued High-Target Guidance](index=23&type=section&id=Continued%20High-Target%20Guidance) In H1, the Group's third-party projects contracted value reached RMB 560 million, representing 92.6% of the full-year 2024 target, with future plans to optimize market layout, improve service quality, and strengthen team building - In H1 2025, the Company achieved **third-party contracted value of RMB 560 million**, equivalent to **92.6% of the full-year 2024 contracted value**[65](index=65&type=chunk) - Future plans include continuously **optimizing market layout**, deeply exploring potential customer groups, and **increasing market share**[65](index=65&type=chunk) - The Group will **strengthen team building** and enhance employees' professional competence and service levels[65](index=65&type=chunk) [Continued Deepening of "Property+" Strategy](index=23&type=section&id=Continued%20Deepening%20of%20Property%2B%20Strategy) The Group continues to deepen its "Property+Commercial," "Property+Living Services," and "Property+Group Meal" strategies, achieving multi-format operations, increased retail penetration, and expanded group meal projects, creating more revenue growth points - "**Property+Commercial**" has successfully acquired Kunming landmark Xishan Wanda and Chengdu Tongjinge, achieving **full-format operations**[66](index=66&type=chunk) - "**Property+Living Services**" home retail penetration rate is **6.71%**, a 3 percentage point increase year-on-year, with customized gift box sales exceeding 130,000 boxes[66](index=66&type=chunk) - "**Property+Group Meal**" successfully secured Panzhihua Steel • Huiquan Community Canteen and Provincial Health Commission projects, solidifying its authority in food safety[66](index=66&type=chunk)[67](index=67&type=chunk) [Advanced Digital Operations](index=24&type=section&id=Advanced%20Digital%20Operations) The Group achieved breakthroughs in digital operations, promoting an "AI+Robot+Human" model expected to save over RMB 16 million in management costs, with AI enhancing efficiency across the entire service chain and aiming for 40% excellent projects and over 90 points in overall satisfaction - Accelerating the promotion of "**human-machine collaboration**" to 200 projects nationwide, expected to achieve **management cost savings exceeding RMB 16 million**[68](index=68&type=chunk) - **AI enhances efficiency across the entire chain**, including work order classification accuracy advancing to over 90%, AI image quality inspection covering tens of thousands of daily work orders, AI patrols expanding to over 2,000 camera points across all formats, and AI response coverage reaching 100% in national projects[69](index=69&type=chunk) - The goal is to increase the proportion of **excellent projects (satisfaction ≥ 95 points) from 30% to 40%**, and to push **overall satisfaction above 90 points**[70](index=70&type=chunk) [Financial Review](index=25&type=section&id=Financial%20Review) The Group's financial performance was stable, with revenue growth driven by property management and living services, despite declines in commercial operation and non-owner value-added services, leading to a slight decrease in gross margin due to faster growth in cost of sales [Revenue](index=25&type=section&id=Revenue) Total revenue increased by 4.3% to RMB 739.8 million, primarily driven by a 15.2% growth in property management services and a 3.6% growth in living services, while commercial operation and non-owner value-added services revenue decreased by 26.1% and 29.2% respectively - The Group's revenue increased by **4.3%** from RMB 709.0 million for the six months ended June 30, 2024, to **RMB 739.8 million** during the reporting period[71](index=71&type=chunk) - **Property management services revenue** was **RMB 467.1 million**, accounting for **63.1% of total revenue**, primarily due to an increase in managed gross floor area and unit prices[74](index=74&type=chunk) - **Living services revenue increased by 3.6%** to **RMB 176.6 million**[74](index=74&type=chunk) - **Non-owner value-added services revenue decreased by 29.2%** to **RMB 47.9 million**, and **commercial operation services revenue decreased by 26.1%** to **RMB 48.2 million**[74](index=74&type=chunk) Total Revenue by Business Line (RMB thousand) | Business Line | H1 2025 Revenue | H1 2025 Share (%) | H1 2024 Revenue | H1 2024 Share (%) | | :--- | :--- | :--- | :--- | :--- | | Property Management Services | 467,112.3 | 63.1 | 405,634.2 | 57.2 | | Living Services | 176,612.6 | 23.9 | 170,447.1 | 24.1 | | Commercial Operation Services | 48,196.0 | 6.5 | 65,229.8 | 9.2 | | Non-Owner Value-Added Services | 47,896.6 | 6.5 | 67,706.4 | 9.5 | | **Total** | **739,817.5** | **100** | **709,017.5** | **100** | [Cost of Sales](index=27&type=section&id=Cost%20of%20Sales) The Group's total cost of sales increased by 6.2% to approximately RMB 506.1 million, growing faster than revenue, primarily due to the increased proportion of property management services, which have a lower gross margin - The Group's total cost of sales was approximately **RMB 506.1 million**, an increase of approximately **6.2%** compared to approximately RMB 476.7 million in the prior period of 2024[76](index=76&type=chunk) - The growth rate of cost of sales was higher than that of revenue, mainly due to the **increased proportion of property management services revenue** contributing to the Group's total revenue, which has a relatively lower gross margin compared to other business lines[76](index=76&type=chunk) [Gross Profit and Gross Margin](index=27&type=section&id=Gross%20Profit%20and%20Gross%20Margin) The Group's gross profit slightly increased by 0.6% to RMB 233.7 million, but the overall gross margin decreased by 1.2 percentage points to 31.6%, with varying trends across business segments - The Group's gross profit increased by **0.6%** from RMB 232.3 million for the six months ended June 30, 2024, to **RMB 233.7 million** during the reporting period[77](index=77&type=chunk) - During the reporting period, the Group's **gross margin decreased by 1.2 percentage points** compared to the prior period of 2024[80](index=80&type=chunk) - **Property management services gross margin decreased by 0.3%**, **non-owner value-added services gross margin decreased by 1.4%**, and **living services gross margin increased by 1.4%**[80](index=80&type=chunk)[81](index=81&type=chunk)[82](index=82&type=chunk) Gross Profit and Gross Margin by Business Line (RMB thousand) | Category | H1 2025 Gross Profit | H1 2025 Gross Margin (%) | H1 2024 Gross Profit | H1 2024 Gross Margin (%) | | :--- | :--- | :--- | :--- | :--- | | Property Management Services | 118,377.4 | 25.3 | 103,808.7 | 25.6 | | Living Services | 68,721.1 | 38.9 | 63,900.0 | 37.5 | | Commercial Operation Services | 30,996.3 | 64.3 | 41,687.2 | 63.9 | | Non-Owner Value-Added Services | 15,585.2 | 32.5 | 22,935.9 | 33.9 | | **Total** | **233,680.0** | **31.6** | **232,331.8** | **32.8** | [Net Other Expenses](index=28&type=section&id=Net%20Other%20Expenses) The Group's net other expenses decreased by 57.1% from RMB 7.7 million to RMB 3.3 million - The Group's net other expenses decreased by **57.1%** from RMB 7.7 million to **RMB 3.3 million** during the reporting period[83](index=83&type=chunk) [Administrative Expenses](index=28&type=section&id=Administrative%20Expenses) The Group's total administrative expenses decreased by 2.5% to approximately RMB 67.6 million, primarily due to continuous lean operations and improved management efficiency - The Group's total administrative expenses were approximately **RMB 67.6 million**, a decrease of approximately **2.5%** from approximately RMB 69.3 million for the six months ended June 30, 2024[84](index=84&type=chunk) - The decrease was mainly due to **continuous lean operations** and **improved management efficiency** during the reporting period[84](index=84&type=chunk) [Selling Expenses](index=28&type=section&id=Selling%20Expenses) The Group's selling expenses decreased from RMB 0.6 million to RMB 0.5 million - The Group's selling expenses decreased from **RMB 0.6 million to RMB 0.5 million** during the reporting period[85](index=85&type=chunk) [Net Finance Income](index=28&type=section&id=Net%20Finance%20Income) The Group's net finance income decreased by 27.7% from RMB 9.4 million to RMB 6.8 million, primarily due to lower bank benchmark interest rates - The Group's net finance income decreased by **27.7%** from RMB 9.4 million to **RMB 6.8 million** during the reporting period[86](index=86&type=chunk) - The decrease was mainly due to the **reduction in bank benchmark interest rates** during the reporting period[86](index=86&type=chunk) [Income Tax Expense](index=29&type=section&id=Income%20Tax%20Expense) During the reporting period, the Group's income tax was approximately RMB 27.6 million, consistent with the company's profit increase trend - During the reporting period, the Group's income tax was approximately **RMB 27.6 million** (H1 2024: RMB 25.6 million)[87](index=87&type=chunk) - The trend of income tax expense is **consistent with the increase in the Company's profit** during the reporting period[87](index=87&type=chunk) [Profit for the Period](index=29&type=section&id=Profit%20for%20the%20Period) The Group's net profit increased by 3.2% from RMB 127.4 million to RMB 131.5 million - The Group's net profit increased by **3.2%** from RMB 127.4 million to approximately **RMB 131.5 million** during the reporting period[88](index=88&type=chunk) [Core Net Profit Attributable to Owners of the Parent](index=29&type=section&id=Core%20Net%20Profit%20Attributable%20to%20Owners%20of%20the%20Parent) Profit attributable to shareholders of the company increased by 2.4% from RMB 118.1 million to RMB 120.9 million - Profit attributable to shareholders of the Company increased by **2.4%** from RMB 118.1 million to approximately **RMB 120.9 million** for the six months ended June 30, 2025[89](index=89&type=chunk) [Property and Equipment](index=29&type=section&id=Property%20and%20Equipment) The Group's property and equipment amounted to approximately RMB 28.9 million, an increase of RMB 2.6 million from December 31, 2024 - As of June 30, 2025, the Group's property and equipment was approximately **RMB 28.9 million**, an increase of approximately **RMB 2.6 million** from approximately RMB 26.3 million as of December 31, 2024[90](index=90&type=chunk) [Trade Receivables](index=29&type=section&id=Trade%20Receivables) The Group's trade receivables were approximately RMB 497.9 million, a 10.9% increase from December 31, 2024, primarily due to business growth - The Group's trade receivables as of June 30, 2025, were approximately **RMB 497.9 million**, an increase of approximately **10.9%** from approximately RMB 448.9 million as of December 31, 2024[91](index=91&type=chunk) - The increase was mainly due to **business growth**[91](index=91&type=chunk) [Prepayments, Deposits and Other Receivables](index=29&type=section&id=Prepayments%2C%20Deposits%20and%20Other%20Receivables) The balance of prepayments, deposits, and other receivables increased to RMB 152.7 million as of June 30, 2025, primarily due to business growth - The balance of prepayments, deposits, and other receivables increased to **RMB 152.7 million** as of June 30, 2025, mainly due to **business growth**[92](index=92&type=chunk) [Trade Payables](index=30&type=section&id=Trade%20Payables) The Group's trade payables were approximately RMB 190.8 million, a 10.5% decrease from December 31, 2024, primarily due to accelerated payments to suppliers - The Group's trade payables as of June 30, 2025, were approximately **RMB 190.8 million**, a decrease of approximately **10.5%** from approximately RMB 213.3 million as of December 31, 2024[93](index=93&type=chunk) - The decrease was mainly due to **accelerated payments to suppliers**[93](index=93&type=chunk) [Other Payables and Accrued Expenses](index=30&type=section&id=Other%20Payables%20and%20Accrued%20Expenses) Other payables and accrued expenses increased to RMB 255.1 million, mainly due to the unpaid approved final dividend for the year ended December 31, 2024 - Other payables and accrued expenses increased to **RMB 255.1 million**, mainly due to the **unpaid approved final dividend** for the year ended December 31, 2024[94](index=94&type=chunk) [Financial Position and Capital Structure](index=30&type=section&id=Financial%20Position%20and%20Capital%20Structure) The Group maintained a sound financial position with a current ratio of 2.4 times and no outstanding interest-bearing borrowings - As of June 30, 2025, the Group's **current ratio was 2.4 times** (December 31, 2024: 2.3 times)[95](index=95&type=chunk) - As of June 30, 2025, and June 30, 2024, the Group had **no outstanding interest-bearing borrowings**[95](index=95&type=chunk) [Pledge of Assets](index=30&type=section&id=Pledge%20of%20Assets) As of June 30, 2025, the Group had no assets pledged - As of June 30, 2025, the Group had **no assets pledged**[96](index=96&type=chunk) [Contingent Liabilities](index=30&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no significant contingent liabilities - As of June 30, 2025, the Group had **no significant contingent liabilities**[97](index=97&type=chunk) [Interest Rate Risk](index=30&type=section&id=Interest%20Rate%20Risk) The Group is not significantly exposed to risks directly related to changes in market interest rates - The Group is **not significantly exposed to risks directly related to changes in market interest rates**[98](index=98&type=chunk) [Foreign Exchange Risk](index=30&type=section&id=Foreign%20Exchange%20Risk) The Group primarily operates in RMB but holds HKD and USD cash totaling RMB 295.4 million, which is subject to exchange rate fluctuations, and has proactively engaged in bank hedging to mitigate foreign exchange risk - The Group primarily conducts business in China, with the vast majority of its revenue and expenses denominated in **RMB**[99](index=99&type=chunk) - As of June 30, 2025, the Group's cash and bank balances denominated in **HKD and USD amounted to RMB 295.4 million**, which are subject to exchange rate fluctuations[99](index=99&type=chunk) - The Group proactively engages in **bank hedging** to mitigate foreign exchange risk[99](index=99&type=chunk) [Material Investments Held by the Group](index=31&type=section&id=Material%20Investments%20Held%20by%20the%20Group) During the reporting period, the company held RMB 11.5 million in Beijing Saifu Haohai Industrial Internet Investment Center (Limited Partnership), classified as financial assets at fair value through profit or loss - During the reporting period, the Company held **RMB 11.5 million** in **Beijing Saifu Haohai Industrial Internet Investment Center (Limited Partnership)**, classified as **financial assets at fair value through profit or loss**[100](index=100&type=chunk) [Material Acquisitions and Disposals of Subsidiaries, Associates and Joint Ventures](index=31&type=section&id=Material%20Acquisitions%20and%20Disposals%20of%20Subsidiaries%2C%20Associates%20and%20Joint%20Ventures) During the reporting period, the company had no material investments or significant acquisitions or disposals of subsidiaries, associates, and joint ventures - During the reporting period, the Company had **no material investments or significant acquisitions or disposals of subsidiaries, associates, and joint ventures**[101](index=101&type=chunk) [Future Plans for Material Investments in Capital Assets](index=31&type=section&id=Future%20Plans%20for%20Material%20Investments%20in%20Capital%20Assets) As of June 30, 2025, the Group had no other material investment and capital asset plans in progress - As of June 30, 2025, the Group had **no other material investment and capital asset plans in progress**[102](index=102&type=chunk) [Interim Dividend](index=31&type=section&id=Interim%20Dividend) The Board resolved to declare an interim dividend of HKD 0.110 per share for the six months ended June 30, 2025, payable to shareholders registered on September 17, 2025 - The Board resolved to declare an **interim dividend of HKD 0.110 per share** (2024 interim: HKD 0.090 per share) for the six months ended June 30, 2025, payable to shareholders registered on **September 17, 2025**[103](index=103&type=chunk) - The interim dividend will be **paid to shareholders on December 19, 2025**[103](index=103&type=chunk) [Closure of Register of Members](index=31&type=section&id=Closure%20of%20Register%20of%20Members) To determine shareholders' eligibility for the proposed interim dividend, the company will suspend share transfer registration from September 15 to September 17, 2025 - To determine shareholders' eligibility for the proposed interim dividend, the Company will suspend share transfer registration from **Monday, September 15, 2025, to Wednesday, September 17, 2025** (both days inclusive)[104](index=104&type=chunk) [Material Events After the Reporting Period](index=31&type=section&id=Material%20Events%20After%20the%20Reporting%20Period) As of the date of this announcement, the Group had no other material events occurring after June 30, 2025 - As of the date of this announcement, the Group had **no other material events occurring after June 30, 2025**[105](index=105&type=chunk) [Employees and Remuneration Policy](index=32&type=section&id=Employees%20and%20Remuneration%20Policy) As of June 30, 2025, the Group employed 3,904 individuals with total staff costs of approximately RMB 181.1 million, maintaining a competitive remuneration policy including performance bonuses and share options, alongside robust professional training - As of June 30, 2025, the Group had approximately **3,904 employees** (June 30, 2024: 4,036 employees)[106](index=106&type=chunk) - During the reporting period, total staff costs were approximately **RMB 181.1 million** (June 30, 2024: approximately RMB 164.1 million)[106](index=106&type=chunk) - The Group's employee remuneration policy is **regularly reviewed** to ensure competitive salaries and benefits, including **discretionary performance bonuses and share option schemes**[106](index=106&type=chunk) - The Group continues to provide **sufficient professional training** to employees to specialize and enhance their skills[106](index=106&type=chunk) [Use of Net Proceeds from Listing](index=32&type=section&id=Use%20of%20Net%20Proceeds%20from%20Listing) The company's net proceeds from listing were approximately HKD 790.0 million, with HKD 332 million utilized as of June 30, 2025, primarily for information system upgrades, talent recruitment, and living services development, leaving HKD 429.0 million for strategic acquisitions and investments - The net proceeds from the listing (including partial exercise of the over-allotment option) were approximately **HKD 790.0 million** (equivalent to approximately RMB 648.7 million)[107](index=107&type=chunk) Use of Net Proceeds from Listing (HKD million) | Main Category | Percentage of Total Proceeds (%) | Unused Amount as of Jan 1, 2025 | Amount Actually Used as of June 30, 2025 | Unused Amount as of June 30, 2025 | Estimated Usage Plan | | :--- | :--- | :--- | :--- | :--- | :--- | | Strategic Acquisitions and Investments | 56.0 | 429.0 | 5.5 | 429.0 | On or before December 31, 2026 | | Upgrading Information Systems and Equipment | 11.0 | 39.0 | 51.2 | 29.1 | On or before December 31, 2025 | | Talent Recruitment and Team Building | 5.0 | 0.0 | 39.5 | 0.0 | | | Developing Living Services | 10.0 | 0.0 | 79.0 | 0.0 | | | Working Capital | 15.0 | 0.0 | 118.5 | 0.0 | | | **Total** | **100** | **468.0** | **332** | **458.1** | | - The remaining unused net proceeds from the listing are deposited in **reputable licensed commercial banks and recognized financial institutions**[108](index=108&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=34&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company%27s%20Listed%20Securities) From January 1, 2025, to the date of this announcement, neither the company nor its subsidiaries purchased, sold, or redeemed any of the company's listed securities, and no treasury shares were held as of June 30, 2025 - From January 1, 2025, to the date of this announcement, neither the Company nor its subsidiaries **purchased, sold, or redeemed any of the Company's listed securities**[109](index=109&type=chunk) - As of June 30, 2025, the Company **held no treasury shares**[109](index=109&type=chunk) [Compliance with Corporate Governance Code](index=34&type=section&id=Compliance%20with%20Corporate%20Governance%20Code) The company has adopted and complied with all code provisions of the Corporate Governance Code set out in Appendix C1 Part 2 of the HKEX Listing Rules for the six months ended June 30, 2025 - The Company has adopted the **Corporate Governance Code** set out in Appendix C1 Part 2 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited[110](index=110&type=chunk) - The Directors believe that the Company has **complied with all code provisions** set out in the Corporate Governance Code for the six months ended June 30, 2025[110](index=110&type=chunk) [Compliance with the Model Code for Securities Transactions](index=34&type=section&id=Compliance%20with%20the%20Model%20Code%20for%20Securities%20Transactions) The company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers, and all directors confirmed their compliance with its standard requirements during the reporting period - The Company has adopted the **Model Code for Securities Transactions by Directors of Listed Issuers** set out in Appendix C3 of the Listing Rules[111](index=111&type=chunk) - Following specific enquiries made to all Directors, each Director has confirmed that they have **complied with the standard requirements** set out in the Model Code for the six months ended June 30, 2025[111](index=111&type=chunk) [Audit Committee](index=35&type=section&id=Audit%20Committee) The company's Audit Committee, along with management, reviewed the unaudited condensed consolidated interim results for the six months ended June 30, 2025, which were also reviewed by KPMG - The Company's Audit Committee, together with the Company's management, has **reviewed the unaudited condensed consolidated interim results** for the six months ended June 30, 2025[112](index=112&type=chunk) - The interim results announcement is **unaudited**, but KPMG has conducted a review in accordance with **Hong Kong Standard on Review Engagements 2410** issued by the Hong Kong Institute of Certified Public Accountants[112](index=112&type=chunk) [Publication of Interim Results Announcement and Interim Report](index=35&type=section&id=Publication%20of%20Interim%20Results%20Announcement%20and%20Interim%20Report) This interim results announcement has been published on the HKEX and the company's website, and the 2025 interim report, containing all required information, will be dispatched to shareholders and published online in due course - This interim results announcement is published on the **HKEX website (www.hkexnews.hk)** and the **Company's website (http://www.newhopegroup.com)**[113](index=113&type=chunk) - The 2025 interim report, containing all information required by the Listing Rules, will be **dispatched to the Company's shareholders** (upon request) and published on the HKEX and the Company's websites in due course[113](index=113&type=chunk) [By Order of the Board](index=35&type=section&id=By%20Order%20of%20the%20Board) This announcement is issued by Mr. Jiang Mengjun, Chairman of the Board, on behalf of the Board, and details the composition of the Board of Directors as of the announcement date - This announcement is issued by **Mr. Jiang Mengjun, Chairman of the Board**, on behalf of the Board[114](index=114&type=chunk) - The Board comprises Executive Directors Mr. Liu Xu and Ms. Chen Jing; Non-executive Directors Mr. Jiang Mengjun (Chairman of the Board), Ms. Wu Min (Co-Chairman of the Board), Ms. Li Wei, and Ms. Zhang Wei; and Independent Non-executive Directors Mr. Cao Qilin, Mr. Jiang Zhiwu, and Mr. Li Zhengguo[114](index=114&type=chunk)

Core Viewpoint - New Hope Service (03658.HK) has announced a board meeting scheduled for August 28, 2025, to review and approve the interim results for the six months ending June 30, 2025, and to consider the payment of an interim dividend if applicable [1] Group 1 - The board meeting will focus on reviewing and approving the company's interim performance [1] - The meeting will also consider the potential declaration of an interim dividend [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 New Hope Service Holdings Limited 新希望服務控股有限公司 董事會主席 姜孟軍 香港，2025年8月18日 於本公告日期，董事會由執行董事劉栩先生及陳靜女士；非執行董事李巍女士、姜 孟軍先生（董事會主席）、武敏女士（董事會聯席主席）及張薇女士；以及獨立非執行 董事曹麒麟先生、江智武先生及李正國先生組成。 （股份代號：3658） 董事會召開日期 新希望服務控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司 將於2025年8月28日（星期四）舉行董事會會議，其中議程包括(i)審閱及批准本公司 及其附屬公司截至2025年6月30日止六個月之中期業績及相關公告；及(ii)考慮派付 中期股息（如有）。 承董事會命 新希望服務控股有限公司 （於開曼群島註冊成立的有限公司） ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 新希望服務控股有限公司 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03658 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,500,000,000 | HKD | | 0.01 | HKD | | 25,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,500,000,000 | HKD | | 0.01 | HKD | | 25,000,000 | 本月底法定 ...

Summary of New Hope Service Conference Call Company Overview - **Company**: New Hope Service - **Industry**: Property Management and Services Key Financial Performance - **Revenue**: 1.481 billion yuan in 2024, up 17.5% year-on-year [2][6] - **Net Profit**: 227 million yuan, a 5.5% increase year-on-year [2][6] - **Gross Margin**: 30.4% [2][6] - **Net Profit Margin**: 15.3% [2][6] - **Average Property Fee**: Increased by 12.2% to 3.31 yuan [2][6] - **Third-party Project Average Fee**: Increased by 51.1% to 2.63 yuan [2][6] - **Management Expenses**: Decreased by 29.1% [2][6] Growth and Expansion - **Contract Amount**: Over 600 million yuan in new contracts, a 192% increase year-on-year [2][6] - **Strategic Partnerships**: 168.7% growth in strategic cooperation, converting 15 projects including industrial parks and community commercial complexes [2][10] - **Geographic Focus**: Strong presence in Chengdu and East China, with Chengdu revenue up 32.8% to 600 million yuan [2][9] Business Structure and Strategy - **Business Segmentation**: Over 90% of revenue from property, life services, and commercial operations [2][8] - **Digital Transformation**: Ongoing efforts to enhance operational efficiency through digital capabilities [2][14] - **Cost Control**: Management expenses reduced significantly, with a focus on optimizing operational costs [2][21][22] Shareholder Returns - **Dividend Policy**: Stable dividend payout ratio at 60%, with cumulative dividends exceeding 414 million yuan since listing [2][7][27] Market Position and Competitive Advantage - **Differentiation**: Low reliance on real estate-related value-added services, with only 9% of revenue from such activities [2][8] - **Customer Satisfaction**: Achieved a satisfaction score of 89, reflecting improved service quality [2][18] Future Outlook - **2025 Goals**: Targeting 700 million yuan in new contracts, with a focus on expanding in Chengdu, Kunming, and Suzhou [2][11][15] - **Long-term Strategy**: Emphasis on strategic partnerships and potential acquisitions to enhance market presence [2][29][30] Additional Insights - **Project Management**: Limited project exits, focusing on high-margin opportunities in core cities [2][24][25] - **Revenue Composition**: Residential vs. non-residential ratio at 64:40, with competitive property fee rates [2][17] - **Digital Initiatives**: Implementation of AI and automation to improve service delivery and reduce costs [2][23]

Financial Performance - In 2024, the company achieved a revenue growth of 17.5% and a profit growth of 5.5%, reaching a contract amount target of 605 million under challenging market conditions[9]. - The group recorded revenue of approximately RMB 1,480.8 million, representing a year-on-year growth of 17.5%, and achieved a net profit attributable to shareholders of RMB 226.8 million, an increase of 5.5% compared to the same period last year[14]. - The company achieved a revenue of RMB 1,480.8 million for the year ending December 31, 2024, representing a 17.5% increase from RMB 1,260.7 million in the previous year[36]. - The life services segment generated revenue of RMB 355.6 million, a 22.4% increase from RMB 290.6 million, accounting for 24.0% of total revenue[38]. - The property management services segment remains the largest revenue source, contributing RMB 837.5 million, which is 56.5% of total revenue[37]. - The commercial operation services segment reported a revenue decline of 5.0%, totaling RMB 145.97 million, down from RMB 153.64 million[30]. - Non-owner value-added services revenue decreased by 16.4% to RMB 141.69 million, compared to RMB 169.49 million in the previous year[32]. - The group achieved a total contracted amount of RMB 215 million from strategic partnerships in 2024, representing a growth of 168.7% year-on-year[14]. - The total contracted amount for various projects reached RMB 605 million, a significant increase of 192% year-on-year, covering property management, commercial operations, and group catering services[14]. Strategic Initiatives - The "Property+" strategy has been successfully implemented, enhancing operational efficiency and profitability in areas such as commercial operations and life services[10]. - The company plans to deepen its "Property+" strategy by strengthening partnerships with commercial brands and expanding its business scope in group catering services[10]. - The company is focused on expanding its market share by exploring potential customer groups and optimizing market layout[9]. - The group has implemented a "property + modular service" strategy, enhancing customer engagement and expanding service offerings, including partnerships with banks for catering services[22]. - The company aims to enhance customer satisfaction by continuously optimizing existing service offerings and improving service quality[9]. Digital Transformation - Significant progress has been made in digital operations, with investments in advanced information technology to optimize business processes and improve efficiency[11]. - The company is leveraging AI tools and automation technologies to achieve intelligent processing of certain business processes[11]. - The company has made significant progress in digital operations, aiming to enhance operational efficiency and reduce costs through advanced information technology[35]. Cost Management - The company is committed to cost control through a refined cost management system, focusing on each business segment to achieve cost reduction and efficiency improvement[11]. - The management expense ratio decreased by 3.9 percentage points to 9.5% compared to the same period last year, indicating improved operational management efficiency[14]. - Total sales cost increased by approximately RMB 210.2 million or 25.6% to approximately RMB 1,030.7 million for the year ending December 31, 2024, compared to approximately RMB 820.5 million for the year ended December 31, 2023[41]. - Administrative expenses decreased by approximately RMB 28.3 million or 16.8% to approximately RMB 140.2 million for the year ending December 31, 2024, from approximately RMB 168.5 million for the year ended December 31, 2023[48]. Corporate Governance - The company has a strong focus on corporate governance and sustainability, with Mr. Jiang Zhiwu holding multiple professional qualifications in accounting and corporate governance[81]. - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[89]. - The company has adopted the principles and code provisions of the Corporate Governance Code as its governance framework since its listing[89]. - The board consists of nine members, including two executive directors, four non-executive directors, and three independent non-executive directors[91]. - The company has established a risk management system to monitor financial performance and ensure compliance with governance standards[90]. - The board has met all applicable code provisions of the Corporate Governance Code as of the report date[89]. - The company has mechanisms in place to protect shareholder rights, including independent resolutions presented at shareholder meetings[145]. Leadership and Management - The company has been expanding its leadership team with experienced professionals from various sectors, enhancing its strategic direction and operational efficiency[77]. - The board includes members with diverse backgrounds in finance, management, and corporate governance, contributing to a well-rounded decision-making process[76]. - The company has implemented a robust internal control and risk management system[95]. - The board is responsible for the overall leadership and supervision of the group's strategic decisions and business performance[95]. - The company has a dedicated company secretary to assist the board in governance and compliance matters[87]. Employee and Social Responsibility - The group continues to provide sufficient vocational training to employees, focusing on key operational areas[68]. - The company is committed to maintaining competitive salary and benefits levels for employees, regularly reviewing its compensation policies[68]. - The leadership team is committed to social responsibility, with members actively involved in various philanthropic initiatives[77]. - The employee gender ratio is approximately 1.1:1, with senior management at 1.5:1, indicating a relatively balanced gender distribution[128]. - The company has implemented measures to promote gender diversity at all levels, aiming for a balanced representation in senior management and the board[127]. Shareholder Relations - The company emphasizes effective communication with shareholders to enhance investor relations and transparency[148]. - The board has reviewed and confirmed the effectiveness of the shareholder communication policy[150]. - The company proposed a final dividend of RMB 0.076 per share for the year ended December 31, 2024, compared to RMB 0.091 for the previous year[159]. - As of December 31, 2024, the company's distributable reserves amounted to approximately RMB 762 million[164]. - Shareholders holding at least 10% of the paid-up capital can request the board to convene a special meeting within two months[146].