Financial Performance - For the six months ended June 30, 2021, the company achieved revenue of approximately RMB 402.8 million, representing a year-on-year increase of about 75.7%[30]. - Gross profit for the same period was approximately RMB 171.8 million, up approximately 72.9% compared to the previous year[30]. - Net profit, excluding listing expenses, was approximately RMB 79.6 million, reflecting an increase of about 82.8% year-on-year[30]. - The company's total revenue increased by RMB 173.5 million or 75.7% from RMB 229.3 million for the six months ended June 30, 2020, to RMB 402.8 million for the six months ended June 30, 2021[85]. - The company reported a profit of RMB 58,897 thousand for the six months ended June 30, 2021, compared to RMB 43,548 thousand for the same period in 2020, reflecting a growth of 35.3%[179]. - The company reported a basic and diluted earnings per share of RMB 0.09, compared to RMB 0.08 for the same period last year[167]. - The total comprehensive income for the six months ended June 30, 2021, was RMB 58,874 thousand, compared to RMB 43,548 thousand for the same period in 2020, indicating a year-over-year increase of 35.1%[179]. Revenue Breakdown - Revenue from property management services reached RMB 145,939.6 thousand for the six months ended June 30, 2021, a significant increase from RMB 81,108.8 thousand in the same period last year, marking an increase of 80%[56]. - Revenue from non-owner value-added services increased to RMB 101,319,000, a rise of 58.5% from RMB 63,996,000[191]. - Revenue from commercial operation services was RMB 66,177,000, up 29.2% from RMB 51,226,000[191]. - Life services revenue grew from RMB 33.0 million to RMB 89.4 million, representing 22.2% of total revenue, reflecting the expansion of service offerings[86]. - The company’s customer base is diversified, with no single customer contributing 10% or more of total revenue during the reporting period[191]. Operational Expansion - The managed building area increased by 79.7% year-on-year to 12.5 million square meters, while the contracted area rose by 51.4% to 20.4 million square meters[32]. - The company expanded its presence in key cities, increasing the number of managed projects to 82 and the number of cities to 18[32]. - The number of managed properties increased by 67.3% to 82, while the number of contracted properties rose by 51.9% to 123[46]. - The company plans to continue expanding in first-tier, new first-tier, and second-tier cities in the Chengdu-Chongqing economic circle and East China region[75]. - The company aims to diversify its managed property portfolio by increasing management of non-residential properties such as school projects and public construction projects[75]. Cost and Profitability - Total sales costs rose to approximately RMB 231.0 million for the six months ended June 30, 2021, an increase of approximately RMB 101.0 million or 77.8% compared to approximately RMB 130.0 million for the same period in 2020[91]. - Gross profit increased by RMB 72.4 million or 72.9% to RMB 171.8 million for the six months ended June 30, 2021, compared to RMB 99.4 million for the same period in 2020[92]. - The overall gross margin decreased by 0.6 percentage points to 42.7% for the six months ended June 30, 2021, compared to 43.3% for the same period in 2020[94]. - The company achieved a net profit margin of 19.8% (excluding one-time listing expenses) as of June 30, 2021[41]. Strategic Initiatives - The company plans to strengthen cooperation with New Hope Real Estate Group to explore more possibilities in community micro-ecosystems[34]. - The company aims to enhance service quality and operational efficiency through increased technology investment[38]. - The company is positioned as a "民生服务运营商" (livelihood service operator) to drive sustainable and steady growth through quality service and scale expansion[38]. - The company plans to actively seek opportunities through strategic acquisitions and investments to manage properties developed by independent third-party developers[75]. - The company is focused on enhancing its market position through strategic acquisitions and investments in service providers[138]. Corporate Governance and Compliance - The board confirmed compliance with corporate governance codes since the listing date on May 25, 2021[127]. - The company has maintained effective risk management and internal control systems, ensuring compliance with relevant regulations[161]. - The financial report is unaudited but has been reviewed by KPMG in accordance with the relevant standards[187]. Employee and Operational Efficiency - The total employee cost for the period was approximately RMB 21.3 million, an increase from RMB 12.8 million for the same period in 2020[125]. - The company plans to recruit 200 to 400 personnel across various positions to support business expansion, including management interns and senior management roles[151]. - The company aims to improve customer service quality and operational efficiency through increased technology investment, focusing on customer service, technology empowerment, and lean management[82]. - The company plans to enhance its financial reporting and management systems to improve data generation and analysis for key performance indicators, including costs and profits[146]. Cash Flow and Liquidity - Cash and cash equivalents increased to RMB 1,073,837,000 from RMB 112,614,000, indicating improved liquidity[170]. - The group maintained a net cash position with no interest-bearing borrowings as of June 30, 2021, compared to net cash as of December 31, 2020[113]. - The net cash generated from operating activities for the six months ended June 30, 2021, was RMB 160,008 thousand, compared to RMB 89,977 thousand for the same period in 2020, representing an increase of 77.5%[184].