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: 星悅康旅股份有限公司 呈交日期: 2025年8月1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) | 03662 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定/ ...

Financial Performance - For the year ended December 31, 2024, the company achieved a revenue of approximately RMB 1,355.3 million, a decrease of 13.3% from RMB 1,563.0 million in 2023[13] - Net profit for the year was RMB 86.3 million, down from RMB 149.2 million in 2023, indicating a decline of approximately 42.2%[13] - The Group's total revenue for the year was approximately RMB 1,355.3 million, a decrease of approximately RMB 207.7 million or 13.3% compared to RMB 1,563.0 million in the previous year[81] - Revenue from property management services contributed approximately 88.8% to total revenue, while commercial operational services contributed approximately 11.2%[81] - Revenue from the property management services segment decreased by approximately RMB 199.7 million or 14.2%, with major owner value-added services declining by approximately 70.8%[85] - The revenue from community value-added services decreased by approximately RMB 55.3 million or 24.5% due to strategic adjustments in the Group's project management[85] - Revenue from commercial operational services decreased by approximately RMB 8.0 million or 5.0%, primarily due to a decrease in revenue from commercial operation and management services[93] - The total revenue for 2024 was approximately RMB 152.1 million, a decrease of approximately RMB 8.0 million or 5.0% compared to RMB 160.1 million in 2023[96] Profitability and Margins - Gross profit for 2024 was approximately RMB 385.0 million, with a gross profit margin of approximately 28.4%, representing a year-on-year increase of approximately 2.8 percentage points[21] - The gross profit for the Group was approximately RMB 385.0 million, representing a decrease of approximately RMB 14.6 million or 3.6% from RMB 399.6 million in the previous year, with a gross profit margin of 28.4%[102] - The gross profit from the property management services segment was approximately RMB 328.4 million, with a gross profit margin of 27.3%[102] - The gross profit from the commercial operational services segment was approximately RMB 56.6 million, with a gross profit margin of 37.2%[102] Cost Management - Administrative expenses decreased by approximately 32.7% to RMB 91.7 million, reflecting effective cost control measures[21] - Administrative expenses decreased by approximately 44.5 million or 32.7%, totaling approximately RMB 91.7 million compared to RMB 136.2 million in the previous year[109] - The Group has implemented a dual-pronged strategy of revenue expansion and cost control, optimizing business processes to reduce operating costs[43] Cash Flow and Assets - Operating cash flow increased by approximately 32.4% to RMB 140 million, enhancing cash flow security for the company[21] - Total assets as of December 31, 2024, were RMB 2,358.7 million, an increase from RMB 2,280.5 million in 2023[20] - The total liabilities decreased slightly to RMB 1,114.1 million from RMB 1,128.0 million in 2023[20] - The current ratio improved to 1.68 as of December 31, 2024, compared to 1.60 as of December 31, 2023[117] - The Group's net assets increased to approximately RMB 1,244.6 million as of December 31, 2024, compared to approximately RMB 1,152.5 million as of December 31, 2023, reflecting a growth of about 8%[122] Business Segments and Services - The property management services segment generated revenue of RMB 1,027.1 million, down from RMB 1,158.8 million in 2023, a decline of approximately 11.3%[20] - The commercial operational services segment reported revenue of RMB 152.1 million, a decrease of approximately 5.0% from RMB 160.1 million in 2023[20] - The Group is actively exploring new business models such as cultural tourism and healthcare to diversify its business portfolio and expand revenue channels[23] - The Group is committed to maintaining high-quality property management services, ensuring a consistent and stable positive trajectory in operations[27] - The Group's comprehensive service models include boutique residential communities, commercial complexes, apartments, office buildings, villas, and tourist towns[27] Strategic Initiatives - The Group is focusing on quality improvement in property services, optimizing operational processes, and enhancing personnel competence to ensure stable project performance[27] - The Group is leveraging big data analysis for precise targeting and personalized services, breaking through traditional marketing limitations[32] - The Group is actively promoting the "Property +" innovative model, integrating cultural tourism and healthcare resources to enhance property owners' satisfaction and open new revenue streams[37] - The Group is exploring integrated cultural tourism and healthcare services in established commercial projects, aiming for seamless integration and synergies[39] - The Group aims to optimize resource allocation and strengthen cost control to build a healthier and more sustainable profit model[38] Leadership and Governance - The company has a strong leadership team with diverse backgrounds in finance, management, and corporate governance[168][170] - The board includes both executive and non-executive directors, ensuring a balance of oversight and operational expertise[168] - The company is focused on expanding its market presence and enhancing its operational capabilities through strategic leadership[170] - The Company has adopted the Corporate Governance Code as the basis for its corporate governance practices[189] - The Board is currently comprised of two executive Directors, three non-executive Directors, and three independent non-executive Directors, ensuring a balance of power[194] Employee and Operational Efficiency - As of December 31, 2024, the Group had 1,895 employees, down from 2,168 in 2023, with staff costs of approximately RMB 245.4 million[156] - The Group's employee costs decreased from RMB 331.5 million in 2023 to RMB 245.4 million in 2024[159] - The Group plans to enhance service capabilities through targeted training and improving customer service staff quality, aiming for a more professional and friendly service image[69] - The Group is focusing on the quality improvement of its property management team to ensure a warm and harmonious living environment for property owners[71]

Financial Performance - Total revenue for the year ended December 31, 2024, was approximately RMB 1.355 billion, a decrease of about 13.3% year-on-year[4]. - Net profit for the same period was approximately RMB 86.3 million, down about RMB 63 million or approximately 42.2% year-on-year[4]. - Gross profit was approximately RMB 385 million, a decrease of about RMB 14.6 million, with a gross margin of approximately 28.4%, an increase of about 2.8 percentage points year-on-year[4]. - The total comprehensive income for the year was RMB 92.8 million, down from RMB 167 million in the previous year[6]. - Basic and diluted earnings per share for the year were RMB 7, compared to RMB 13.25 in the previous year[6]. - The operating profit for the year was RMB 110,358 thousand, compared to RMB 194,578 thousand in 2023, reflecting a decrease of 43.2%[24]. - The company’s net profit for the year ended December 31, 2024, was RMB 96,216,000, a decrease of 38.7% compared to RMB 157,137,000 in 2023[31]. - The gross profit for the year was approximately RMB 385.0 million, a decrease of about RMB 14.6 million or approximately 3.6% from last year's RMB 399.6 million, with a gross margin of approximately 28.4%, up from 25.6%[80]. Revenue Breakdown - Property management services revenue decreased to RMB 1,027,106 thousand from RMB 1,158,834 thousand, representing a decline of 11.3%[17]. - Revenue from property management services was RMB 1,203,224 thousand, down from RMB 1,402,929 thousand in the previous year, representing a decline of 14.2%[24]. - The property management services segment accounted for approximately 88.8% of total revenue, while the commercial operations segment contributed about 11.2%[68]. - Revenue from the property management services segment decreased by approximately RMB 199.7 million or 14.2%, with a significant drop in community value-added services by about RMB 55.3 million or 24.5%[69]. - The commercial operations segment's revenue decreased by approximately RMB 8.0 million or 5.0% compared to the previous year[68]. - The total revenue for the commercial operation services segment in 2024 was RMB 152,058 thousand, down from RMB 160,081 thousand in 2023, reflecting a decrease of RMB 8,023 thousand or 5.0%[77]. Cash Flow and Financial Health - Operating cash flow increased to approximately RMB 140 million, up about 32.4% year-on-year, indicating improved cash flow safety[4]. - The company reported a significant increase in cash flow safety, which is expected to support future growth initiatives[4]. - The company has adopted a refined financial management strategy, strengthening accounts receivable management to ensure stable cash flow[42]. - The expected credit loss model resulted in a provision of RMB 394,194,000 for trade receivables in 2024, an increase of 92.1% from RMB 204,810,000 in 2023[38]. - The asset-liability ratio was 0.47 as of December 31, 2024, compared to 0.49 on December 31, 2023[100]. - The company has no significant contingent liabilities as of December 31, 2024[99]. Cost Management - Administrative expenses were approximately RMB 91.7 million, a decrease of about 32.7% year-on-year, reflecting effective cost control and efficiency optimization[4]. - Total employee costs amounted to RMB 245,413,000 in 2024, down 26.0% from RMB 331,507,000 in 2023[31]. - The total administrative costs for the year were RMB 13,052 thousand, slightly down from RMB 14,811 thousand in 2023[24]. - The company’s total liabilities decreased to RMB 1,092,881 thousand from RMB 1,103,406 thousand, a decrease of 0.9%[10]. Strategic Initiatives and Future Outlook - The company expects financial impacts from strategic adjustments to stabilize, with enhanced project sustainability and improved cash flow management[4]. - The group is actively pursuing business expansion in cultural tourism, health care, and international markets while maintaining stable development in existing property management and commercial operations[44]. - The group plans to continue expanding its property management and commercial operation services in China to enhance revenue streams[20]. - By 2025, the group will focus on a service philosophy centered around owners and customers, optimizing profit structures and enhancing financial management to ensure sustainable growth[53]. - The group aims to enhance consumer experience by creating immersive shopping journeys tailored to diverse consumer needs, exemplified by events like the "Fantasy Light Festival" which significantly extends customer dwell time and increases spending opportunities[52]. Corporate Governance - The board is committed to high standards of corporate governance, believing it is essential for protecting shareholder interests and enhancing corporate value[121]. - The company has adopted a set of policies and procedures based on the corporate governance code to strengthen the board's governance capabilities[123]. - The board consists of two executive directors, three non-executive directors, and three independent non-executive directors, ensuring a proper balance of power[123]. - The company has complied with all applicable provisions of the corporate governance code, except for a specific deviation regarding the roles of chairman and CEO[123]. Employee and Operational Metrics - As of December 31, 2024, the company had 1,895 employees, down from 2,168 employees as of December 31, 2023, with employee costs for 2024 estimated at approximately RMB 245.4 million[110]. - The group provides property management services for 255 properties across 67 cities in 22 provinces and municipalities in China, covering a total managed area of approximately 3.64 million square meters[44]. - As of December 31, 2024, the group offers commercial operation services in 15 shopping malls/offices across 10 cities, with a total managed building area of approximately 606,000 square meters[50].

Business Strategy and Operations - The Group is a renowned property management services provider in the PRC, focusing on diversifying service offerings to meet evolving customer demands[7]. - The Group's strategy includes providing a full range of commercial operational services for mid to high-end properties and mixed-use developments[8]. - The Group's business strategy is guided by the principles of service, pleasure, and harmony, aiming for better development paths[8]. - The Group's principal businesses include diversified property management services for both residential and non-residential properties[7]. - The Group's commercial operations encompass the entire commercial property chain, including planning, design, consultation, tenant sourcing, and asset management, aiming for sustainable operation and diversified revenue streams[22]. - The Group is implementing differentiated business strategies for various property types, promoting refined management through the "One Project, One Policy" approach to enhance operational performance[30]. - The Group's focus on industrial synergy has revitalized shopping mall membership resources and offline traffic, transforming property owners into loyal customers[22]. - The Group aims to enhance its financial management strategy and profit structure, projecting robust and sustainable earnings growth in the second half of 2024[29]. Financial Performance - The Group's total revenue for the six months ended June 30, 2024, was approximately RMB 700.0 million, representing a decrease of approximately RMB 86.5 million or approximately 11.0% compared to RMB 786.5 million for the same period in 2023[47][49]. - Revenue from property management services decreased by approximately RMB 90.7 million or approximately 12.8%, with major property owners' value-added services declining by approximately RMB 6.5 million or approximately 71.1%[53][54]. - The revenue generated from community value-added services decreased by approximately RMB 31.7 million or approximately 24.9%, primarily due to strategic adjustments in managed projects[54]. - The property management services segment accounted for approximately 88.5% of total revenue, while commercial operational services contributed approximately 11.5%[49]. - Revenue from commercial operational services increased by approximately RMB 4.2 million or approximately 5.5%, totaling RMB 80,589,000 for the six months ended June 30, 2024[64][65]. - For the six months ended June 30, 2024, total segment revenue was RMB 700,045, with property management services contributing RMB 619,456 and commercial operational services contributing RMB 80,589[171]. - Profit before tax increased to RMB 100,106, representing a growth of 14.4% from RMB 87,503 in the prior year[144]. - The Group's net profit was approximately RMB 75.1 million, an increase of approximately RMB 6.4 million or 9.3% compared to RMB 68.7 million for the same period in 2023[72]. Cost Management and Efficiency - In the first half of 2024, the Group emphasized the collection, centralization, and coordinated management of funds, which contributed to improved operational efficiency[9]. - The Group's focus on reducing expenditure while expanding income sources has led to increased operating income[9]. - The Group introduced new sanitation equipment to improve operational efficiency in community environments, contributing to cost control and enhanced service quality[11]. - The Group implemented energy-saving measures, significantly reducing carbon emissions and operating costs while maintaining service quality[14]. - Cost of services decreased by approximately 17.5% from approximately RMB583.2 million for the six months ended 30 June 2023 to approximately RMB481.3 million for the six months ended 30 June 2024[70]. - Administrative expenses decreased by approximately RMB22.6 million or approximately 34.7% to approximately RMB42.5 million for the six months ended 30 June 2024, compared to approximately RMB65.1 million for the six months ended 30 June 2023[71]. Community Engagement and Services - The Group aims to create a quality, healthy, and livable environment while enhancing commercial and social activities[7]. - The Group conducted more than 717 community cultural and convenience activities, serving over 93,700 people, and resolved over 10,000 service requests through the "Serving homeowners" campaign[17]. - In the first half of 2024, the Group launched over 1,000 community group purchase events and home delivery services, targeting property owners' purchasing power and consumption habits[12]. - The Group's initiatives in resource reallocation and optimization focused on addressing the needs of the elderly and children, enhancing community service offerings[12]. - The Group's community-focused initiatives, such as themed events at various plazas, have successfully increased foot traffic and sales, establishing these locations as urban activity centers[26]. - The Group's community activity spaces are tailored to local needs, enhancing customer engagement and driving economic value for branded merchants[27]. Digitalization and Innovation - Digitalization efforts are being prioritized to upgrade property operation capabilities and optimize customer experience, while also focusing on energy conservation and cost reduction[30]. - The online platform "Aoyuejia" was enhanced to integrate community services, improving convenience for property owners and fostering better community engagement[15]. - The self-developed membership management system enhances customer flow management and stimulates consumption through personalized marketing, significantly increasing member loyalty and spending frequency[24]. - The innovative "Internet + Business" model contributed to improved cash flow and profit growth, reducing unnecessary advertising expenses while increasing marketing conversion rates[24]. - The Group is enhancing property management capabilities through digitalization, optimizing customer experience, and improving project operational efficiency with ongoing investments in energy-saving initiatives[32]. Shareholder and Corporate Governance - As of June 30, 2024, Best Discovery International Limited held 217,148,750 shares, representing approximately 29.90% of the Company's issued share capital[107]. - The company has complied with all code provisions of the Corporate Governance Code during the six months ended June 30, 2024[111]. - The audit committee has reviewed the unaudited consolidated interim financial statements for the six months ended June 30, 2024[114]. - The company operates a share option scheme adopted on May 28, 2019, to provide incentives to selected eligible persons for their contributions to the group[120]. - The company did not declare or recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous period[192]. Employee Management and Development - The Group regularly reviews employee remuneration and benefits according to market practices and individual performance[95]. - The Group provides contributions to social insurance and housing provident funds for employees in the PRC, and operates a Mandatory Provident Fund Scheme for qualified employees in Hong Kong[95]. - As of June 30, 2024, the Group had a total of 1,942 employees, with staff costs amounting to approximately RMB 116.4 million in the first half of 2024[95]. - The Group is committed to improving internal management quality through initiatives focused on service improvement and staff training[34][36].

Financial Performance - The group's revenue for the six months ended June 30, 2024, was approximately RMB 700.0 million, a decrease of about 11.0% year-on-year[1]. - Gross profit was approximately RMB 218.7 million, an increase of about RMB 15.4 million; the gross profit margin was approximately 31.2%, an increase of about 5.4 percentage points year-on-year[1]. - Net profit for the group was approximately RMB 75.1 million, an increase of about 9.3% year-on-year; the net profit margin was approximately 10.7%, an increase of about 2.0 percentage points year-on-year[1]. - Basic earnings per share were approximately RMB 11.24, an increase of about 29.2% year-on-year[1]. - The group achieved a net profit of RMB 81,648,000 for the six months ended June 30, 2024, compared to RMB 63,220,000 for the same period in 2023, representing a year-on-year increase of approximately 29.2%[19]. - The company reported a net profit before tax of RMB 100,106,000 for the six months ended June 30, 2024, compared to RMB 87,503,000 for the same period in 2023, reflecting a year-over-year increase of 14.5%[12][13]. - The group's gross profit for the six months ended June 30, 2024, was approximately RMB 218.7 million, an increase of about RMB 15.4 million or approximately 7.6% compared to RMB 203.3 million for the same period in 2023[56]. - The gross profit margin increased to approximately 31.2%, up about 5.4 percentage points from approximately 25.8% for the six months ended June 30, 2023[56]. Assets and Liabilities - Total assets less current liabilities amounted to RMB 1,252.4 million as of June 30, 2024, compared to RMB 1,177.1 million as of December 31, 2023[7]. - The group's cash and cash equivalents were approximately RMB 988.4 million as of June 30, 2024, compared to RMB 960.3 million as of December 31, 2023[6]. - Trade and other payables amounted to RMB 809.8 million as of June 30, 2024, compared to RMB 798.7 million as of December 31, 2023[7]. - The group's non-current assets totaled approximately RMB 497.9 million as of June 30, 2024, compared to RMB 518.3 million as of December 31, 2023[6]. - Trade receivables increased to RMB 802,868,000 as of June 30, 2024, up from RMB 666,049,000 as of December 31, 2023, reflecting a growth of about 20.5%[21]. - The group's net assets as of June 30, 2024, were approximately RMB 1,229.2 million, up from RMB 1,152.5 million as of December 31, 2023[61]. - As of June 30, 2024, the group has outstanding bank borrowings of approximately RMB 90.0 million, with a fixed annual interest rate of 5.5%[68]. - The debt-to-asset ratio of the group is 0.48 as of June 30, 2024, compared to 0.49 as of December 31, 2023[71]. Expenses and Income - The group's administrative expenses and selling expenses were approximately RMB 42.5 million and RMB 1.7 million, respectively, compared to RMB 65.1 million and RMB 0.3 million in the previous year[2]. - The total administrative expenses for the group were RMB 8,730,000, compared to RMB 29,598,000 for the same period in 2023, indicating a reduction in costs[12][13]. - Other income recorded a net income of approximately RMB 10.1 million, a decrease of about RMB 27.6 million compared to RMB 37.7 million for the same period in 2023[58]. - Sales and distribution expenses totaled approximately RMB 1.7 million, significantly higher than RMB 0.3 million for the same period in 2023[57]. - The company reported a total of RMB 116,447,000 in employee costs for the six months ended June 30, 2024, down from RMB 159,207,000 in the same period of 2023, indicating a decrease of approximately 26.8%[17]. Revenue Breakdown - Property management services generated revenue of RMB 619,456,000, down 13.5% from RMB 710,132,000 year-over-year[12]. - The property management services contributed RMB 619.5 million, accounting for 88.5% of total revenue, while commercial operation services contributed RMB 80.6 million, accounting for 11.5%[44]. - The total revenue for business operation services was RMB 80.6 million for the six months ended June 30, 2024, compared to RMB 76.4 million in the same period of 2023, reflecting an increase of RMB 4.2 million or 5.5%[52]. - Business operation services revenue increased by approximately RMB 4.2 million or about 5.5%, with commercial operation and management services revenue rising by RMB 7.5 million or 10.3%[51]. - The community value-added services revenue decreased by RMB 31.7 million or 24.9%, contributing to the overall decline in property management services revenue[46]. Strategic Initiatives - The group focused on high-quality development while exploring long-term growth opportunities in the health and wellness sectors[27]. - The group is committed to enhancing property management capabilities through digitalization, optimizing customer experience and operational efficiency[37]. - The group is actively promoting energy-saving initiatives and optimizing project operational capabilities through targeted management strategies[37]. - The group aims to expand its value-added services by integrating commercial and property resources, enhancing customer satisfaction and service quality[40]. - The group is focusing on enhancing service quality and efficiency through the "Four Modernizations" initiative, which includes standardization, productization, branding, and value enhancement[39]. Community Engagement and Services - The group provided property management services for 301 properties across 76 cities in 22 provinces, with a managed construction area of approximately 39.1 million square meters and a contracted area of about 63.7 million square meters as of June 30, 2024[28]. - In the first half of 2024, the group conducted over 1,000 promotional activities related to community group purchases, home services, and community tourism, effectively targeting consumer habits and potential needs[29]. - The group organized over 717 community cultural and convenience activities, serving more than 93,700 participants in the first half of 2024[31]. - The group established an online community service platform "Aoyue Home," enhancing convenience for residents and improving communication with the community[30]. - The group received over 100,000 positive feedbacks from homeowners through its "I Serve Homeowners" initiative, addressing numerous issues effectively[31]. Corporate Governance - The audit committee has reviewed the accounting principles and practices adopted by the group and discussed financial reporting matters as of June 30, 2024[80]. - The company did not recommend or declare any interim dividend for the six months ended June 30, 2024, consistent with the previous year[18]. - There were no significant acquisitions or disposals of subsidiaries or joint ventures during the six months ending June 30, 2024[73]. - The group has not engaged in any foreign exchange hedging contracts to mitigate risks associated with cash balances in USD and HKD[72]. - The largest shareholder, Best Discovery International Limited, transferred its entire issued share capital, representing approximately 29.90% of the company's total issued shares, to Bao Yi LPF on July 25, 2024[79].

Financial Proceeds and Utilization - The total net proceeds from the global offering amount to approximately RMB 573.2 million, with RMB 136.4 million remaining unutilized as of the report date[10]. - The company plans to utilize the unutilized net proceeds for acquisitions or investments in other business operation services and property management service providers[10]. - The expected timeline for utilizing the unutilized net proceeds is before April 2026, subject to market conditions[4]. - The company has reaffirmed that the utilized net proceeds have been used in accordance with previously disclosed purposes, with no changes planned for the remaining net proceeds[9]. - The company will issue announcements if there are any significant changes to the planned use of the remaining net proceeds[4]. - As of December 31, 2023, the company has not utilized any unallocated net proceeds over the past three fiscal years[16]. Business Strategy and Operations - The company aims to enhance its risk resilience by actively restructuring and appropriately adjusting its business operations in response to economic downturns and insufficient drivers in the Chinese real estate market[4]. - The board will identify suitable business operation service and property management service providers as acquisition or investment targets to expand the scale of its business operations[4]. - The company is focusing on the development and expansion of health and wellness industry cooperation and opportunities[4]. - The company is committed to maintaining stable development of existing businesses while exploring new opportunities[4]. Market Conditions and Challenges - The global economic downturn due to the COVID-19 pandemic has significantly impacted business activities, leading to low economic growth[16]. - The upstream real estate market in China faced unprecedented challenges due to the domestic property crisis that erupted in 2021[16]. - The performance and operations of commercial operation and property management service providers are closely tied to the real estate market, resulting in adverse effects[16]. - The company has adopted a more cautious approach in identifying potential acquisition or investment targets due to the fluctuations in the upstream real estate market[16]. - The company has allocated RMB 469.6 million for acquisitions or investments in other business operations, with specific allocations for various services[3].

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 1,563,010, a decrease of 4.1% from RMB 1,629,751 in 2022[12] - Net profit for 2023 was RMB 149,209, down 8.5% from RMB 163,164 in 2022[12] - Basic and diluted earnings per share were both RMB 21.64, a decrease from RMB 22.09 in 2022[12] - The Company achieved revenue of approximately RMB 1,563 million in 2023, with a gross profit of approximately RMB 399.6 million, representing a year-on-year increase of approximately RMB 2.4 million[117] - The gross profit margin was approximately 25.6%, reflecting a year-on-year increase of approximately 1.2 percentage points[117] - The net profit reached approximately RMB 149.2 million, while the core net profit was approximately RMB 160.5 million, indicating a year-on-year increase of approximately RMB 43.1 million or approximately 36.7%[117] - The total revenue from the property management services segment decreased by approximately RMB 41.5 million or about 2.9% in 2023, totaling RMB 1,402.9 million compared to RMB 1,444.4 million in 2022[194] - Revenue from major owner value-added services decreased significantly by approximately RMB 62.8 million or about 77.9%, dropping to RMB 17.9 million in 2023 from RMB 80.7 million in 2022[194] - Community value-added services revenue decreased by approximately RMB 38.3 million or about 14.5%, totaling RMB 226.2 million in 2023 compared to RMB 264.5 million in 2022[194] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 2,280,472, an increase of 2.7% from RMB 2,221,026 in 2022[19] - Total liabilities decreased to RMB 1,127,971, down 8.2% from RMB 1,228,668 in 2022[19] - Total equity increased to RMB 1,152,501, up 16.1% from RMB 992,358 in the previous year[19] Revenue Segmentation - Revenue from property management services segment was RMB 1,158,834, an increase of 5.4% from RMB 1,099,208 in 2022[19] - Revenue from commercial operational services segment decreased to RMB 160,081, down 13.6% from RMB 185,312 in 2022[19] - Revenue generated from community value-added services decreased by approximately RMB 38.3 million or about 14.5%[190] - Revenue from property management services increased by approximately RMB 59.6 million or about 5.4%, contributing RMB 1,158.8 million in 2023, up from RMB 1,099.2 million in 2022[194] - Revenue from the property management services segment decreased by approximately RMB 41.5 million or about 2.9%[194] Community Engagement and Initiatives - The Group managed 265 property communities that celebrated the Lantern Festival with various activities, enhancing community engagement and cultural heritage[28] - On Valentine's Day, shopping centers organized romantic activities, attracting a large number of customers and creating memorable experiences[36] - The Group's property management launched a one-stop service day on May 20, attracting over 200,000 property owners across 285 communities[60] - On June 1, activities for Children's Day were held in about 300 communities, enhancing community engagement and providing a pleasant atmosphere for children[65] - Approximately 200 property communities organized unique Dragon Boat Festival activities from June 22 to 24, promoting traditional culture and community bonding[81] - The Group conducted over 3,543 community cultural and convenience activities in 2023, serving over 490,000 individuals[142] Operational Efficiency and Innovations - The Group implemented energy-saving transformations, replacing conventional lamps with microwave radar LED tubes, reducing carbon emissions[39] - The installation of prepaid electricity meters improved energy consumption management efficiency and reduced manual workload[50] - The Group reduced manpower operations by investing in equipment to improve operational efficiency and resolve recruitment difficulties[134] - The Group aims to enhance its comprehensive facility management service capabilities to drive growth and deliver stable returns to investors[146] - The Group will enhance property operation capabilities through digitalisation and promote energy conservation initiatives to improve project operation efficiency[165] Strategic Focus and Future Plans - The Group implemented a strategy focused on high-quality development, optimizing management models, and enhancing service quality to ensure stable and sound development momentum[130] - The Company focused on expanding revenue channels by exploring new business models such as cultural tourism and healthcare[118] - The Group is actively exploring the general health and wellness business, elderly living, and cultural tourism industries with long-term development potential[125] - The Group will explore integrated cultural tourism and healthcare services to enhance the synergy between commercial projects and tourism[181] - The Group plans to implement a closed-loop management system for talent development, focusing on talent selection, nurturing, and dynamic management[161] Awards and Recognition - The Company was awarded "Top 38 of the 2023 Top 100 Property Management Enterprises in China in respect of Service Satisfaction" by LEJU.COM[113]

Financial Performance - Total comprehensive income for the year was RMB 166,968,000, a decrease of 14% compared to RMB 194,325,000 in the previous year[8]. - Basic earnings per share were RMB 21.64, down from RMB 22.09, reflecting a decline of approximately 2%[4]. - For the year ended December 31, 2023, the total revenue was RMB 1,563,010 thousand, a decrease of 4.1% from RMB 1,629,751 thousand in 2022[55]. - The total profit before tax for 2023 was RMB 194,578 thousand, slightly down from RMB 199,598 thousand in 2022, representing a decrease of 2.0%[55]. - The company's net profit for the year ended December 31, 2023, was RMB 157,137,000, a decrease of 2.4% from RMB 160,407,000 in 2022[80]. - The group achieved a net profit of approximately RMB 149.2 million, with core net profit of approximately RMB 160.5 million, an increase of about RMB 43.1 million or approximately 36.7% year-on-year[152]. - The group's net profit for the year was approximately RMB 149.2 million, a decrease of about RMB 14.0 million compared to last year's net profit of RMB 163.2 million[197]. Revenue Breakdown - Revenue from property management services was RMB 1,158,834,000, up from RMB 1,099,208,000, showing an increase of about 5%[37]. - The property management services segment generated revenue of RMB 1,402,929 thousand, down from RMB 1,444,439 thousand in the previous year, reflecting a decline of 2.8%[55]. - The commercial operation services segment reported revenue of RMB 160,081 thousand, a decrease of 13.6% compared to RMB 185,312 thousand in 2022[55]. - Revenue from the property management services segment was RMB 1,402.9 million, a decrease of RMB 41.5 million or 2.9% from RMB 1,444.4 million last year[141]. - Revenue from the commercial operations segment was RMB 160.1 million, a decrease of RMB 25.2 million or 13.6% from RMB 185.3 million last year[141]. Assets and Liabilities - Non-current assets totaled RMB 518,269,000, a decrease from RMB 553,976,000, indicating a reduction of about 6%[13]. - Current assets increased to RMB 1,762,203,000 from RMB 1,667,050,000, representing an increase of approximately 6%[13]. - The company reported a net asset value of RMB 1,152,501,000, an increase from RMB 992,358,000, reflecting a growth of about 16%[22]. - Total liabilities decreased to RMB 1,103,406,000 from RMB 1,190,987,000, indicating a reduction of approximately 7%[18]. - The group's total assets were approximately RMB 2,280.5 million, an increase from RMB 2,221.0 million the previous year[198]. - The group's total liabilities decreased to approximately RMB 1,128.0 million from RMB 1,228.7 million the previous year[198]. Operational Efficiency - The total administrative costs for the headquarters in 2023 were RMB 14,811 thousand, compared to RMB 20,013 thousand in 2022, showing a reduction of 26.0%[55]. - Total employee costs amounted to RMB 331,507,000, down 11.1% from RMB 373,044,000 in the previous year[71]. - The total service cost decreased from approximately RMB 1,232.5 million in 2022 to about RMB 1,163.4 million in 2023, a reduction of approximately RMB 69.1 million[181]. - Administrative expenses decreased to approximately RMB 136.2 million, a reduction of about 37.5 million or 21.6% compared to last year[187]. Strategic Initiatives - The company plans to expand its market presence and invest in new technologies to enhance service offerings in the upcoming fiscal year[36]. - The company has implemented a strategy to optimize management models and enhance service quality, focusing on sustainable development rather than blind expansion[97]. - The company is enhancing its member management system to improve marketing efficiency and customer engagement, aiming to increase customer spending and operational cash flow[115]. - The company plans to strengthen talent development through specialized training programs and establish a "Housekeeper Academy" and "Huangpu Academy" in 2024[119]. - The company aims to maintain a stable financial management strategy while focusing on high-quality and sustainable development in the property management industry[123]. Market and Community Engagement - The company conducted over 1,600 community group purchase events, effectively cultivating consumer habits among property owners and increasing value-added income[103]. - The company organized over 3,543 community cultural and convenience activities, serving more than 490,000 participants in 2023[109]. - The company has actively explored opportunities in the health and elderly care sectors, aiming for long-term growth potential[96]. Challenges and Losses - Revenue from sales auxiliary services dropped significantly to RMB 17,863,000 from RMB 80,692,000, a decline of approximately 78%[37]. - The company reported a loss from the disposal of subsidiaries amounting to RMB 15,117 thousand in 2023, compared to a gain of RMB 258 thousand in 2022[55]. - The impairment loss on goodwill for the year was RMB 10,562 thousand, indicating ongoing challenges in asset valuation[58]. - The net exchange gain for 2023 was RMB 8,519 thousand, a significant drop from RMB 45,390 thousand in 2022, indicating a decline of 81.2%[66]. Customer and Service Development - The company is creating immersive shopping experiences tailored to local consumer needs, which has led to increased customer traffic and sales growth[121]. - The company is focusing on enhancing operational capabilities through digitalization and energy-saving initiatives[124]. - The company plans to expand value-added services by customizing membership packages and enhancing customer engagement[125]. - The company emphasizes the integration of cultural tourism and wellness services to diversify revenue sources and enhance customer satisfaction[128].

Community Engagement and Activities - In the first half of 2023, Aoyuan Healthy Life Group celebrated the Lantern Festival with 265 property communities, organizing various festivities to enhance community engagement and cultural heritage[18] - The company arranged festive decorations for the Chinese New Year across its nationwide projects, enhancing the living experience for property owners[13] - The Group's properties launched a one-stop convenient service day in 285 communities, attracting over 200,000 property owners[43] - The Group organized various Women's Day activities across 263 communities, enhancing customer engagement and satisfaction[26] - The Group organized various community activities, including support for college entrance examination candidates, enhancing community engagement and support[54] - The Group conducted over 2,313 community cultural and convenience activities in the first half of 2023, serving over 300,000 people[72] Awards and Recognition - Aoyuan Healthy Life Group's subsidiary, Guangzhou Aoyuan Commercial Operation Co., Ltd., was awarded the title of "China (South China) Best Commercial Management Company for the Year 2017–2022" at a summit held in January 2023[13] - The Group was ranked 18th in the "2023 Top 100 Property Management Companies" due to its strong management scale and operating performance[34] - The Group was awarded "2022 China Shopping Mall Enterprise TOP35" based on the number of shopping malls in operation and total gross floor area[38] - The Group was awarded the "2022 Outstanding Member Unit" by the Guangzhou Panyu Property Management Institute for its innovative service awareness[46] - The Panyu Branch of the Group was recognized as a "2022 Panyu District Property Service Trustworthy Enterprise" for its standardized management of residential communities[46] Financial Performance - The Group's total revenue for the six months ended June 30, 2023, was approximately RMB 786.5 million, a decrease of approximately RMB 60.0 million or 7.1% compared to RMB 846.6 million for the same period in 2022[98] - Revenue from property management services contributed 90.3% to total revenue, while commercial operational services accounted for 9.7%[98] - Revenue from the property management services segment decreased by approximately RMB 21.3 million or 2.9%, with major property owners' value-added services declining by approximately RMB 23.9 million or 72.3%[103] - Revenue from community value-added services decreased by approximately RMB 15.8 million or 11.0%, primarily due to a decline in intelligent installation project revenues[103] - Revenue from commercial operational services segment decreased by approximately RMB 38.7 million or 33.6%, primarily due to a reduction in total GFA under management for shopping malls[119] - The total revenue from the commercial operational services segment was RMB 76,408,000, down from RMB 115,126,000 in the previous year, marking a decline of approximately 33.6%[121] Operational Efficiency and Sustainability - As of May 30, 2023, the Group saved 13.72 million kWh of electricity and reduced carbon emissions by 3,730 tons through energy-saving transformations[2] - The Group implemented the installation of prepaid electricity meters, improving energy consumption management efficiency and reducing manual meter reading workload[29] - The Group's energy conservation practices contributed significantly to green environmental protection, aligning with sustainability goals[2] - The Group's strategic partnerships with elevator maintenance companies aimed to enhance safety and efficiency in elevator operations[29] - The Group actively promoted the use of public maintenance funds to address engineering improvement issues, aiming to reduce project operating costs[66] Management and Strategy - The Group aims to enhance customer satisfaction and achieve stable, sustainable development by adhering to a customer-centric service philosophy in the second half of 2023[89] - The Group plans to focus on digitalization to improve property operation capabilities and customer experience, particularly through community group purchases tailored to local conditions[87] - In the second half of 2023, the Group will emphasize the implementation of "Four Modernizations" to improve service quality and efficiency[88] - The Group will prioritize cash flows and profits while increasing investment in business tenant sourcing and operations in the commercial real estate market[94] - The Group's strategy includes deepening the national presence of projects and enhancing parking lot management to demonstrate strong risk resistance amid external challenges[95] Human Resources and Costs - The total staff cost for the first half of 2023 was approximately RMB 159.2 million, with a total of 2,729 employees as of June 30, 2023[182] - Labour costs decreased from approximately RMB 438.2 million in 2022 to approximately RMB 429.7 million in 2023, primarily due to a reduction in the number of employees[133] - Administrative expenses decreased by approximately RMB 39.9 million or approximately 38.0%, from RMB 105.0 million in 2022 to RMB 65.1 million in 2023[137] Assets and Liabilities - Total assets as of June 30, 2023, were approximately RMB 2,142.7 million, a decrease from RMB 2,221.0 million as of December 31, 2022[144] - Total liabilities decreased to approximately RMB 1,064.1 million from 1,228.7 million as of December 31, 2022[144] - The current ratio improved to 1.52 as of June 30, 2023, compared to 1.40 as of December 31, 2022[144] - Trade and other receivables decreased by approximately RMB 69.8 million or 10.0%, from approximately RMB 694.7 million as of December 31, 2022, to approximately RMB 624.9 million as of June 30, 2023[156] - The Group's trade and other payables were approximately RMB 705.9 million as of June 30, 2023, a decrease of approximately RMB 66.9 million or 8.7% from approximately RMB 772.8 million as of December 31, 2022[162] Shareholding and Corporate Governance - As of June 30, 2023, Mr. Ruan Yongxi holds 278,000 shares, representing approximately 0.04% of the issued share capital of the Company[189] - As of June 30, 2023, Mr. Guo Ziwen holds 183,386,250 shares, representing 25.25% of the issued share capital of the Company[200] - Ms. Jiang Miner also holds 183,386,250 shares, equivalent to 25.25% of the issued share capital of the Company[200] - Main Trend Limited is a beneficial owner with 396,375,000 shares, accounting for 54.58% of the issued share capital of the Company[200] - China Aoyuan ceased to be an associated corporation of the Company as of July 17, 2023[192] - No Directors or chief executives had interests or short positions in the Shares or underlying shares as of June 30, 2023[193] Miscellaneous - The Group did not have any material acquisition or disposal of subsidiaries, associates, or joint ventures during the six months ended June 30, 2023[181] - The Group has not implemented any foreign exchange hedging policies, exposing it to foreign exchange risks from cash and bank balances held in currencies other than RMB[175] - The Company has not disclosed any new product or technology developments in the provided content[198] - There are no mentions of market expansion or acquisitions in the provided content[198] - The report does not indicate any new strategies being implemented by the Company[198]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 （於開曼群島註冊成立的有限責任公司） （股份代號：3662） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 摘要 截至二零二三年六月三十日止六個月： • 本集團的收入為約人民幣786.5百萬元，同比下降約7.1%。 • 毛利率為約25.8%（去年同期之毛利率：約28.7%）。 • 本集團行政費用及其他開支為約人民幣65.1百萬元，同比下降約38.0%。 ...