Financial Performance - For the year ended December 31, 2024, the company's revenue reached approximately RMB 367.4 million, representing a year-on-year increase of 6.5%[11] - The annual profit increased to approximately RMB 97.5 million, reflecting a year-on-year growth of 13.6%[15] - Gross profit margin decreased from 47.4% to 46.1%, while net profit margin increased from 24.9% to 26.5%, showing a year-on-year increase of 6.7%[16] - Total revenue for the year ended December 31, 2024, is approximately RMB 367.4 million, an increase of about RMB 22.4 million or approximately 6.5% from RMB 345.0 million in 2023[50] - Property management services revenue for 2024 is RMB 86.8 million, a 3% increase from RMB 84.4 million in 2023, accounting for 23.6% of total revenue[49] - Retail services revenue increased by 7% to RMB 139.4 million in 2024, representing 38.0% of total revenue[49] - Revenue from property management services increased by approximately RMB 2.4 million or about 2.8%, with residential property management services rising by RMB 1.6 million or 4.3%[51] - Revenue from external training services increased by approximately RMB 5.4 million or 17.3%, attributed to recovering customer demand and the successful launch of new interest classes[53] - Information technology services revenue rose by approximately RMB 2.5 million or 15.7%, with telecommunications services experiencing a significant increase of 47.0%[54] - Revenue from supporting lifestyle services increased by approximately RMB 2.9 million or 3.5%, despite a 20.7% decline in property agency services revenue[55] - Other income and net gains for the year reached approximately RMB 21.1 million, up from RMB 18.2 million, primarily due to fair value gains on investments[57] Dividends and Shareholder Returns - The proposed final dividend per share is HKD 0.045, up from HKD 0.043 in 2023, indicating a 4.7% increase[17] - The board has approved a special dividend of HKD 0.112 per share, totaling approximately HKD 113.8 million (approximately RMB 104.9 million)[18] - The company declared a special dividend of HKD 0.112 per share, totaling approximately HKD 113.8 million (around RMB 104.9 million), to be paid on or around March 31, 2025[85] - The company proposed a final dividend of HKD 4.50 per share for the year ending December 31, 2024, compared to HKD 4.30 in 2023, totaling approximately HKD 45.7 million[114] Business Strategy and Development - The company emphasizes cost optimization and operational excellence to achieve stable performance amid economic challenges in China[20] - The company plans to adopt a diversified business development strategy, prioritizing sustainable growth and expansion[21] - The diversified service segments are expected to provide new momentum for future business growth[21] - The group plans to increase the total contracted gross floor area and number of managed residential and commercial properties to expand its business and market share[43] - Starting Q1 2025, the group will provide property management services for a contract area of 250,000 square meters related to healthcare services, enhancing its service portfolio[43] - The group intends to acquire suitable property management companies to accelerate business growth and achieve standardized operations[45] - The group is developing online marketing and distribution channels to promote various services and has upgraded its sales and accounting systems for better data collection[46] Operational Metrics - As of December 31, 2024, the total contracted gross floor area managed by the group is approximately 9,875,000 square meters, unchanged from December 31, 2023[33] - The group operates 22 retail stores as of December 31, 2024, with a total gross floor area of approximately 14,067 square meters, compared to 21 stores covering approximately 13,809 square meters in 2023[34] - Average daily revenue for supermarkets in 2024 is RMB 208.7 thousand, slightly down from RMB 208.8 thousand in 2023; fresh markets increased to RMB 46.5 thousand from RMB 38.0 thousand; convenience stores rose to RMB 132.1 thousand from RMB 115.1 thousand[35] Cost Management - Selling and marketing expenses increased by approximately RMB 1.2 million or 3.9%, mainly due to increased marketing activities in retail services[58] - Administrative expenses decreased by 3.7% to approximately RMB 22.3 million, attributed to enhanced cost control measures[59] - The company reported a decrease in operational costs by J%, enhancing overall profitability[9] Corporate Governance - The board is committed to high standards of corporate governance, believing it is crucial for protecting shareholder interests and enhancing corporate value[193] - The company has adopted the corporate governance code principles as per the listing rules, ensuring compliance with all relevant provisions[194] - The board consists of seven directors, including three executive directors, one non-executive director, and three independent non-executive directors[198] - The executive directors include Ms. Meng Lihong (Chairman and CEO), Ms. He Shumei, and Mr. Liu Xing[199] - The board regularly reviews the contributions of directors to ensure they fulfill their responsibilities adequately[197] Risks and Challenges - The company faces several operational risks, including potential contract terminations in property management services, which could significantly impact financial performance[107] - The company acknowledges the intense market competition in the ancillary services sector, which may hinder revenue and profitability growth[112] - The company relies heavily on major residential areas for revenue generation, indicating a concentration risk in its business model[110] Employee and Compensation - The total salary expenses for the group during the review period amounted to RMB 792 million, including RMB 19 million for directors' remuneration and RMB 773 million for other employees' salaries and allowances[182] - The group has established a mandatory provident fund scheme for all Hong Kong employees, with contributions calculated as a percentage of employee salaries[181] - The group has a compensation policy designed to attract, retain, and motivate talented individuals for business success[179] Related Party Transactions - The company confirmed compliance with the pricing policy for all related transactions conducted during the year[168] - Independent auditors have reviewed the ongoing related party transactions and confirmed they were conducted under normal commercial terms[168] - The company has adhered to the disclosure requirements under Chapter 14A of the Listing Rules for significant related party transactions[175]

Financial Performance - Total customer contract revenue for the year ended December 31, 2024, was RMB 367,385,000, representing a 6.5% increase from RMB 345,035,000 in 2023[3] - Gross profit for the same period was RMB 169,368,000, up 3.5% from RMB 163,613,000, with a gross margin of 46.1%, down from 47.4%[4] - Profit before tax increased by 2.6% to RMB 130,003,000 from RMB 126,728,000, while net profit rose 13.6% to RMB 97,539,000 compared to RMB 85,838,000 in the previous year[3] - Basic and diluted earnings per share increased by 12.9% to RMB 0.096 from RMB 0.085[4] - Total segment revenue for the fiscal year ending December 31, 2024, is RMB 372.87 million, with retail services contributing RMB 139.61 million, and IT services contributing RMB 18.89 million[21] - The company reported a net profit of RMB 97.54 million for the fiscal year, after accounting for other income and expenses, financial costs, and income tax expenses[21] - The profit for the year increased to approximately RMB 97.5 million, reflecting a year-on-year increase of about RMB 11.7 million or 13.6%[43] - The annual net profit for the year ended December 31, 2024, was RMB 97.5 million, with a net profit margin of 26.5%[83] Dividends - The proposed final dividend per share was HKD 0.045, a 4.7% increase from HKD 0.043 in the previous year[3] - The board proposed a final dividend of HKD 4.50 per share for the fiscal year 2024, up from HKD 4.30 per share in 2023[44] - A special dividend of HKD 11.2 per share was approved, totaling approximately HKD 113.8 million (approximately RMB 104.9 million)[45] - The company plans to declare a final dividend of HKD 0.045 per share for the year ending December 31, 2024, amounting to approximately RMB 41,712,000[41] Assets and Liabilities - Total assets decreased to RMB 333,126,000 in 2024 from RMB 765,314,000 in 2023, while total liabilities also decreased to RMB 116,337,000 from RMB 121,206,000[5] - Net assets fell significantly to RMB 453,110,000 in 2024 from RMB 701,234,000 in 2023, indicating a reduction in equity[6] - The company reported a decrease in cash and cash equivalents to RMB 282,912,000 from RMB 591,144,000, reflecting a liquidity contraction[5] - The total assets decreased from RMB 872,776 thousand in 2023 to RMB 605,520 thousand in 2024, reflecting a reduction of approximately 30.7%[23] - The total liabilities also decreased from RMB 171,542 thousand in 2023 to RMB 152,410 thousand in 2024, a reduction of approximately 11.2%[23] Revenue Streams - Retail services generated revenue of RMB 130,456 thousand, while property management services contributed RMB 87,954 thousand, showcasing the diverse revenue streams[25] - The company’s income from product sales increased to RMB 118,727 thousand in 2024, up from RMB 101,253 thousand in 2023, marking a growth of about 17.3%[25] - Revenue from information technology services increased by approximately RMB 2.5 million or about 15.7% for the year ended December 31, 2024, with telecommunications services revenue rising by approximately RMB 2.2 million or about 47.0%[75] - Revenue from external training services increased by approximately RMB 5.4 million or about 17.3%, attributed to recovering demand post-COVID and the successful launch of new interest classes[73] Operational Focus - The company continues to focus on expanding its service offerings in mainland China under the "祈福" brand, including retail, dining, and property management services[8] - The company is focusing on seven operational segments, including retail services, IT services, property management, and catering services, for resource allocation and performance evaluation[18] - The company plans to expand its property management services by increasing the total contracted building area and number of units managed, aiming to enhance revenue from property management services[61] - A new contract for property management services with a company controlled by Meng Lihong, covering a total contracted building area of 250,000 square meters, is expected to strengthen the company's product portfolio in the healthcare sector[62] Financial Reporting and Compliance - The company is committed to maintaining compliance with Hong Kong Financial Reporting Standards and has adopted consistent accounting policies for the financial statements[9] - The company has begun evaluating the impact of newly revised Hong Kong Financial Reporting Standards, with no significant impact expected on financial performance upon their adoption[15] - The company has not early adopted any new or revised Hong Kong Financial Reporting Standards that are not yet effective, indicating a cautious approach to regulatory changes[13] - The company’s financial reporting will be impacted by the introduction of new requirements under Hong Kong Financial Reporting Standard No. 18, effective from January 1, 2027[16] Cost Management - Selling and marketing expenses increased from approximately RMB 35.0 million to approximately RMB 36.2 million, an increase of about RMB 1.2 million or about 3.9%[79] - Administrative expenses decreased by approximately 3.7% from RMB 23.2 million to RMB 22.3 million due to enhanced cost control measures[80] - The group plans to adopt a cautious approach in monitoring expenditures and seek new investment opportunities in response to market conditions[48] Employee and Governance - The number of employees increased from 580 on December 31, 2023, to 618 on December 31, 2024[102] - The board of directors believes that high corporate governance standards are crucial for protecting shareholder interests and enhancing corporate value[116] - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing the integrity of the group's financial information[120]

Property Management - The company managed a total contracted gross floor area of approximately 9,875,000 square meters across 16 residential areas and 5 commercial properties or projects as of June 30, 2024[6] - Property management service revenue grew by 1.2% to RMB 40.9 million, with general property management services increasing by 1.0% and resident support services rising by 1.4%[21] - The company plans to expand its property management network by managing integrated projects, including apartments, shopping malls, and commercial office buildings developed by third parties in Guangdong Province[16] - Property management services revenue for the six months ended June 30, 2024, was RMB 2,706 thousand[90] - The company has consolidated property management services and decoration and equipment installation services into a single reportable segment[89] Retail Services - The retail segment operated 23 stores with a total floor area of approximately 14,297 square meters, including one fresh market, three supermarkets, and 19 convenience stores as of June 30, 2024[7] - Average daily revenue for supermarkets decreased to RMB 191.07 thousand in 2024 from RMB 211.57 thousand in 2023, while convenience stores saw an increase to RMB 125.6 thousand from RMB 109.56 thousand[7] - Retail service revenue slightly decreased by 0.9% to RMB 63.8 million, with supermarket revenue dropping by 9.7%, fresh market revenue increasing by 3.1%, and convenience store revenue rising by 14.6%[22] - Retail services revenue for the six months ended June 30, 2024, was RMB 49,681 thousand[90] - Total liabilities increased to RMB 195,022 thousand in 2024 from RMB 171,542 thousand in 2023, with retail services liabilities decreasing to RMB 49,701 thousand from RMB 60,555 thousand[95] After-School Training - The company operated 4 learning centers in Panyu District as of June 30, 2024, offering interest and language classes[8] - After-school training service revenue surged by 35.3% to RMB 20.7 million, driven by recovering customer demand and the successful launch of new interest-based training programs[23] - Contract liabilities decreased to RMB 19,549 thousand as of June 30, 2024, from RMB 24,289 thousand as of December 31, 2023, with prepayments for off-campus training services dropping to RMB 12,154 thousand from RMB 13,728 thousand[132] IT Services - The company provided IT services, engineering services, security system services, and hardware and software integration services, mostly delivered on a project basis[9] - IT service revenue increased by 21.5% to RMB 11.7 million, with engineering services growing by 25.6% and telecommunications services rising by 5.0%[24] - Information technology services revenue for the six months ended June 30, 2024, was RMB 170 thousand[90] Lifestyle Support Services - The company offered catering services, property agency services, employment agency services, and laundry services as part of its lifestyle support services[11] - The company provided catering advisory services and monthly fixed advisory fees, as well as catering services for schools[12] - Total revenue from supporting lifestyle services increased by 4.2% to RMB 45.1 million in the first half of 2024, compared to RMB 43.3 million in the same period of 2023[26] - Catering services revenue for the six months ended June 30, 2024, was RMB 32,928 thousand[90] - Catering service revenue increased to RMB 33,494 thousand in 2024 from RMB 32,965 thousand in 2023[97] Financial Performance - Total revenue increased by 5.3% to RMB 182.3 million in the first half of 2024, up from RMB 173.1 million in the same period of 2023, driven by growth in property management, after-school training, IT services, and supporting lifestyle services[20] - Gross profit increased by 0.6% to RMB 84.6 million in the first half of 2024, while the gross profit margin decreased from 48.6% to 46.4%[27] - Net profit decreased to RMB 53.1 million in the first half of 2024, with a net profit margin of 29.1%, down from 34.3% in the same period of 2023[33] - Revenue for the six months ended June 30, 2024, was RMB 182,268 thousand, compared to RMB 173,099 thousand in the same period in 2023[75] - Gross profit for the six months ended June 30, 2024, was RMB 84,563 thousand, slightly higher than RMB 84,088 thousand in the same period in 2023[75] - Net profit attributable to owners of the company for the six months ended June 30, 2024, was RMB 53,083 thousand, down from RMB 59,357 thousand in the same period in 2023[75] - Basic and diluted earnings per share for the six months ended June 30, 2024, were RMB 0.052, compared to RMB 0.058 in the same period in 2023[75] Asset Management - The company invested an additional RMB 77.9 million in unallocated silver bars, purchasing 380,000 ounces in July and August 2024 as part of its strategy to diversify assets and mitigate economic risks[18] - The fair value of unallocated silver bars held by the company was approximately RMB 62.8 million as of June 30, 2024, representing 14.1% of total assets[36] - The company holds 300,000 ounces of unallocated silver bars as of June 30, 2024, with a fair value gain of RMB 11,879 thousand for the six months ended June 30, 2024[119] - The company purchased an additional 380,000 ounces of unallocated silver bars in July and August 2024, with a total consideration of RMB 77.9 million[119] - Total assets as of June 30, 2024, were RMB 493,094 thousand, a decrease from RMB 765,314 thousand as of December 31, 2023[77] - Cash and cash equivalents as of June 30, 2024, were RMB 344,528 thousand, down from RMB 591,144 thousand as of December 31, 2023[77] - Total equity as of June 30, 2024, was RMB 408,654 thousand, compared to RMB 701,234 thousand as of December 31, 2023[78] - Investment in unallocated silver bars increased to RMB 62,795 thousand as of June 30, 2024, from RMB 50,504 thousand as of December 31, 2023[77] Cash Flow and Liquidity - The group's primary source of liquidity as of June 30, 2024, was cash and cash equivalents of RMB 344.5 million, down from RMB 591.1 million as of December 31, 2023[45] - The company's cash flow from operating activities for the six months ended June 30, 2024, was RMB 40,167 thousand[81] - The company's cash flow from investing activities for the six months ended June 30, 2024, was RMB 26,370 thousand[81] - The company's cash flow from financing activities for the six months ended June 30, 2024, was a net outflow of RMB 313,153 thousand[82] - The company's cash and cash equivalents decreased by RMB 246,616 thousand during the six months ended June 30, 2024[82] - The company's operating cash inflow from business operations for the six months ended June 30, 2024, was RMB 60,227 thousand[81] - The company's income tax paid during the six months ended June 30, 2024, was RMB 20,060 thousand[81] - The company's cash and cash equivalents as of June 30, 2024, stood at RMB 344,528 thousand[82] Expenses and Costs - Sales and marketing expenses increased by 4.4% to RMB 17.7 million in the first half of 2024, primarily due to higher retail service employee costs[28] - Administrative expenses remained stable at RMB 10.5 million in the first half of 2024, compared to RMB 10.7 million in the same period of 2023[29] - Employee benefits expenses, including salaries and allowances, increased to RMB 32,516 thousand in 2024 from RMB 28,446 thousand in 2023[100] - Raw material costs for catering services rose to RMB 18,823 thousand in 2024 from RMB 17,446 thousand in 2023[100] - Total employee benefit expenses for the six months ended June 30, 2024, were RMB 23,028,000, RMB 9,608,000, and RMB 5,321,000, deducted from cost of sales, sales and marketing expenses, and administrative expenses, respectively[101] - Current tax expenses for the six months ended June 30, 2024, were RMB 19,734,000, compared to RMB 14,415,000 for the same period in 2023[102] - Deferred tax credits for the six months ended June 30, 2024, were RMB 5,228,000, compared to deferred tax expenses of RMB 1,157,000 for the same period in 2023[102] Dividends and Shareholder Returns - The company did not declare any interim dividend for the six months ended June 30, 2024, consistent with the same period in 2023[43] - The company aims to distribute at least 50% of its audited consolidated profit as a final dividend to shareholders each fiscal year, subject to various factors[55] - The company declared a special dividend of RMB 305,816 thousand and a final dividend of RMB 39,847 thousand for the period ended June 30, 2024[80] - The company declared a final dividend of 4.30 HK cents per share, amounting to approximately RMB 39,847 thousand[143] - A special dividend of 33.20 HK cents per share was approved, totaling approximately RMB 305,816 thousand[143] - The company did not recommend an interim dividend for the six months ended June 30, 2024[143] Corporate Governance - The board of directors consists of seven members, including three executive directors, one non-executive director, and three independent non-executive directors[57] - The Audit Committee reviewed the unaudited interim financial information for the six months ended June 30, 2024, and raised no objections[58] - The unaudited consolidated results for the six months ended June 30, 2024, were reviewed by the independent auditor, Deloitte Touche Tohmatsu CPA Ltd[59] - The Remuneration Committee held a meeting on March 27, 2024, to review the company's remuneration policies and structures, as well as the compensation of directors and senior management[60] - The Nomination Committee held a meeting on March 27, 2024, to review the board's structure, size, and composition, as well as the independence of non-executive directors[61] - The Environmental, Social, and Governance (ESG) Committee is responsible for overseeing the company's ESG strategies, policies, and performance, including sustainability reporting[62] Share Options and Equity - The company adopted a Pre-IPO Share Option Scheme and a Share Option Scheme in October 2016, which are valid for 5.5 years and 10 years, respectively, from the adoption date[63] - The maximum number of shares that can be issued under the Share Option Scheme and other plans combined shall not exceed 10% of the company's issued share capital as of the listing date, unless approved by shareholders[63] - The company has granted a total of 21,175,000 share options under the Pre-IPO Share Option Plan, with an exercise price of 90% of the final offer price (HK$0.414) for the IPO shares[65] - No share options were granted or agreed to be granted under the Share Option Plan as of the interim report date[65] - The maximum number of shares that can be issued under the Share Option Plan is 100,000,000 shares[65] - As of June 30, 2024, the company did not hold any treasury shares[66] - Ms. Meng Lihong holds a 72.44% interest in the company through Elland Holdings Limited, which she wholly owns[67] - Mr. Peng Linji, Ms. Meng Lihong's spouse, holds a 72.96% interest in the company through spousal rights[69] Related Party Transactions - The company has extensive related party transactions involving entities controlled by its ultimate shareholder, Ms. Meng Lihong, and her spouse, Mr. Peng Linji[147][148][149][150][151][152][154] - Total service revenue provided to related parties increased to RMB 26,420 thousand in 2024 from RMB 22,388 thousand in 2023, with significant contributions from companies controlled by Ms. Meng and her spouse[155] - Short-term lease expenses and management fees paid to related parties amounted to RMB 715 thousand in 2024, compared to RMB 549 thousand in 2023, primarily driven by payments to companies controlled by Ms. Meng's spouse[156] - Interest expenses on lease liabilities paid to related parties decreased to RMB 649 thousand in 2024 from RMB 980 thousand in 2023, with reductions across multiple related entities[156] - Total lease liability payments to related parties were RMB 5,247 thousand in 2024, slightly lower than RMB 5,656 thousand in 2023, with the majority paid to companies controlled by Ms. Meng's spouse[157] - Total receivables from related parties decreased to RMB 14,469 thousand in 2024 from RMB 18,744 thousand in 2023, reflecting a reduction in trade and other receivables[160] - Total payables to related parties decreased significantly to RMB 3,238 thousand in 2024 from RMB 7,945 thousand in 2023, with reductions in trade payables and other payables[163] - Contract assets with related parties decreased to RMB 4,325 thousand in 2024 from RMB 4,821 thousand in 2023, primarily due to reductions in balances with companies significantly influenced by Ms. Meng's spouse[160] - Total compensation for key management personnel increased to RMB 2,579 thousand in 2024 from RMB 2,053 thousand in 2023, reflecting higher salaries and employee benefits[158] Taxation - The company's subsidiary in China qualifies as a high-tech enterprise, enjoying a preferential corporate income tax rate of 15% until 2026[104] - Tax losses in Hong Kong amounted to RMB 107,000 as of June 30, 2024, down from RMB 747,000 at the end of 2023[137] - Current tax expenses for the six months ended June 30, 2024, were RMB 19,734,000, compared to RMB 14,415,000 for the same period in 2023[102] - Deferred tax credits for the six months ended June 30, 2024, were RMB 5,228,000, compared to deferred tax expenses of RMB 1,157,000 for the same period in 2023[102] - Deferred tax assets decreased to RMB 10,264 thousand as of June 30, 2024, from RMB 12,412 thousand at the beginning of the year[134] - Deferred tax liabilities decreased to RMB 6,060 thousand as of June 30, 2024, from RMB 11,434 thousand at the beginning of the year[135] Market and Economic Outlook - The company believed that the real estate market would gradually recover with increased policy support from local governments[13] - The company is developing online marketing and establishing online distribution channels through websites and mobile apps, while upgrading its sales and accounting systems to improve data collection and customer service responsiveness[17] Subsidiary and Asset Sales - The company sold its wholly-owned subsidiary, Guangzhou Snow White Laundry Co., Ltd., for a cash consideration of RMB 300,000, resulting in a net gain of RMB 158[145] - The net assets sold amounted to RMB 142, with the total consideration received being RMB 300, leading to a net cash inflow of RMB 71 from the sale[145] - The subsidiary's assets included property, plant, and equipment valued at RMB 102, cash and cash equivalents of RMB 229, contract liabilities of RMB (20), and tax payables of RMB (169)[145] Employee and Workforce - The group employed 596 staff as of June 30, 2024, up from 580 as of December 31, 2023[49] - Total employee benefit expenses for the six months ended June 30, 2024, were RMB 23,028,000, RMB 9,608,000, and RMB 5,321,000, deducted from cost of sales, sales and marketing expenses, and administrative expenses, respectively[101] - Total compensation for key management personnel increased to RMB 2,579 thousand in 2024 from RMB 2,053 thousand in 2023, reflecting higher salaries and employee benefits[158] Lease and Rental Operations - The net book value of right-of-use assets as of June 30, 2024, was RMB 20,270 thousand, with additions of RMB 7,848 thousand and depreciation expenses of RMB 3,479 thousand[115] - The total lease liabilities as of June 30, 2024, were RMB 41,658 thousand, with a current portion of RMB 10,932 thousand and a non-current portion of RMB 30,726 thousand[116] - The total lease-related expenses for the six months ended June 30, 2024, were RMB 5,252 thousand, including interest expenses of RMB 959 thousand and depreciation expenses of RMB 3,479 thousand[117] - Total lease liabilities decreased to RMB 12,910 thousand as of June 30, 2024, compared to RMB 14,499 thousand in the same period last year[133] Inventory and Receivables - Total inventory decreased to RMB 8,087 thousand as of June 30, 2024, from RMB 10,339 thousand as of December 31, 2023, with a notable reduction in goods inventory from RMB 9,001 thousand to RMB 7,360 thousand[125] - Contract assets remained stable at RMB 5,708 thousand as

Revenue and Profitability - Revenue for the six months ended June 30, 2024, was RMB 182,268,000, representing a 5.3% increase from RMB 173,099,000 in the same period of 2023[1] - Gross profit for the same period was RMB 84,563,000, a slight increase of 0.6% compared to RMB 84,088,000 in 2023[1] - Profit before tax decreased by 9.8% to RMB 67,589,000 from RMB 74,929,000 year-on-year[1] - Net profit for the period was RMB 53,083,000, down 10.6% from RMB 59,357,000 in the previous year[1] - The gross margin decreased to 46.4% from 48.6%, while the net margin fell to 29.1% from 34.3%[1] - Basic and diluted earnings per share were RMB 0.052, down 10.3% from RMB 0.058 in 2023[1] - Revenue increased from RMB 173.1 million for the six months ended June 30, 2023, to RMB 182.3 million for the six months ended June 30, 2024, representing a growth of RMB 9.2 million or 5.3%[49] - Gross profit increased from RMB 84.1 million for the six months ended June 30, 2023, to RMB 84.6 million for the same period in 2024, representing a growth of 0.6%[54] - Net profit for the six months ended June 30, 2024, was RMB 53.1 million, down from RMB 59.4 million for the same period in 2023, with a net profit margin of 29.1%[60] Revenue Breakdown by Segment - Property management services revenue rose by 1.2% from RMB 40.4 million to RMB 40.9 million, driven by increased demand for household assistant services[50] - Off-campus training services revenue surged by 35.3% from RMB 15.3 million to RMB 20.7 million, attributed to recovering customer demand post-COVID and the successful launch of new interest training classes[52] - Information technology services revenue grew by 21.5% from RMB 9.7 million to RMB 11.7 million, reflecting a gradual recovery after previous credit control measures[52] - Retail services revenue slightly decreased by 0.9% from RMB 64.4 million to RMB 63.8 million, primarily due to intense competition in the retail market[51] Assets and Liabilities - Non-current assets totaled RMB 110,582,000 as of June 30, 2024, compared to RMB 107,462,000 at the end of 2023[3] - Current assets decreased to RMB 493,094,000 from RMB 765,314,000 at the end of 2023[3] - Current liabilities increased to RMB 158,236,000 from RMB 121,206,000 at the end of 2023[4] - Net assets decreased significantly to RMB 408,654,000 from RMB 701,234,000 at the end of 2023[4] - Trade receivables decreased by 17.9% from RMB 21.7 million to RMB 17.8 million as of June 30, 2024[66] - Other receivables increased by 7.6% from RMB 19.3 million to RMB 20.7 million as of June 30, 2024[67] - Trade payables increased by 14.5% from RMB 31.5 million to RMB 36.1 million as of June 30, 2024[69] Cash Flow and Investments - As of June 30, 2024, the group's cash and cash equivalents amounted to RMB 344.5 million, a decrease from RMB 591.1 million as of December 31, 2023[71] - The company is investing in unallocated silver bars, purchasing an additional 380,000 ounces for approximately RMB 77.9 million, to diversify its asset structure and enhance investment portfolio resilience[47] - The company aims to explore new investment opportunities to effectively navigate the current market conditions[48] - The company plans to expand its business through integrated projects, including property management services and marketing consultancy[45] Operational and Governance Matters - Management remains cautious in financial oversight and operational planning, closely monitoring expenses in the current uncertain market environment[48] - The number of employees increased to 596 as of June 30, 2024, up from 580 as of December 31, 2023[74] - The board decided not to declare any interim dividend for the six months ended June 30, 2024, consistent with the previous period[71] - There were no major investments, acquisitions, or disposals of subsidiaries or associates during the six months ended June 30, 2024[75] - The group had no significant contingent liabilities as of June 30, 2024[73] - The group had no pledged assets as of June 30, 2024, remaining unchanged from December 31, 2023[72] - The company did not engage in any buybacks, sales, or redemptions of its listed securities during the six months ended June 30, 2024[77] - The audit committee reviewed the unaudited interim financial information for the six months ended June 30, 2024, with no objections raised[80] - The company has adopted the corporate governance code and has complied with all relevant provisions, except for the dual role of the chairperson and CEO held by Meng Lihong[78] - There were no significant events affecting the group after June 30, 2024, up to the announcement date[76] Taxation and Other Income - The actual tax rate for the six months ended June 30, 2024, was 21.5%, compared to 20.8% for the same period in 2023[59] - Other income decreased from RMB 14.3 million to RMB 12.7 million, primarily due to foreign exchange losses incurred during the period[57] - Selling and marketing expenses rose by 4.4% from RMB 17.0 million to RMB 17.7 million, primarily due to increased retail staff costs[55]

Financial Performance - For the year ended December 31, 2023, the company's revenue was approximately RMB 345.0 million, representing a year-on-year decrease of 9.9%[12] - The gross profit for the same period was RMB 163.6 million, down 8.0% from RMB 177.8 million in 2022[5] - The net profit decreased to approximately RMB 85.8 million, reflecting a year-on-year decline of 9.8%[12] - The gross margin improved to 47.4%, up from 46.4% in the previous year, while the net profit margin increased slightly to 24.9%[13] - Other income and net gains decreased to approximately RMB 18.2 million from RMB 31.7 million, primarily due to lower fair value gains on investments[57] - Administrative expenses decreased by approximately 10.8% to RMB 23.2 million due to enhanced cost control measures[59] - Annual net profit was RMB 85.8 million, with a net profit margin of 24.9%[62] Revenue Breakdown - Total revenue for the year ended December 31, 2023, was approximately RMB 345.0 million, a decrease of about RMB 37.8 million or approximately 9.9% compared to RMB 382.9 million in 2022[45] - Property management services generated revenue of RMB 84.3 million, an increase of RMB 1.4 million or 1.7%, accounting for 24.4% of total revenue[45] - Retail services revenue decreased by RMB 10.0 million or 7.2%, totaling RMB 130.3 million, representing 37.8% of total revenue[45] - Revenue from information technology services significantly decreased by RMB 23.8 million or 60.2%, totaling RMB 15.7 million, which accounted for 4.6% of total revenue[45] - Revenue from renovation and equipment installation services decreased by approximately RMB 0.2 million or about 93.4% to RMB 0.011 million due to reduced demand[48] - Revenue from external training services increased by approximately RMB 1.0 million or about 3.3% to RMB 31.1 million, driven by the recovery in demand following the easing of pandemic restrictions[51] - Revenue from supporting lifestyle services decreased by approximately RMB 6.2 million or about 6.9% to RMB 83.6 million, with property agency services declining by RMB 19.4 million or 74.4%[54] Dividends and Shareholder Returns - The proposed final dividend per share is HKD 4.30, a significant increase of 72.0% compared to HKD 2.50 in 2022[14] - The company plans to distribute a special dividend of HKD 33.2 per share, totaling approximately HKD 337.2 million, equivalent to about RMB 305.7 million[15] - The company proposed a final dividend of HKD 4.30 per share for the year ended December 31, 2023, compared to HKD 2.50 per share in 2022, totaling approximately HKD 43.7 million (around RMB 39.3 million) subject to shareholder approval[121] Operational Strategy - The company continues to implement cost-saving measures and enhance operational efficiency in response to economic challenges[17] - Looking ahead to 2024, the company anticipates a stabilization of the Chinese economy, although geopolitical risks and global economic uncertainties remain[18] - The company will continue to seek new investment opportunities and review its business strategies to adapt to the current market environment[18] - The diversified service portfolio is expected to drive future business development for the company[18] - The group plans to expand its property management services by increasing the total contracted building area and number of residential and commercial properties managed[39] - The group intends to acquire suitable property management companies to accelerate business growth and achieve standardized operations[41] Assets and Liabilities - As of December 31, 2023, the net book value of property, plant, and equipment was RMB 80 million, down from RMB 96 million as of December 31, 2022[64] - Investment properties reached RMB 132 million as of December 31, 2023, primarily for generating long-term rental income[65] - Inventory decreased from approximately RMB 173 million as of December 31, 2022, to approximately RMB 103 million as of December 31, 2023[67] - Trade receivables decreased by approximately 57.5% from RMB 511 million as of December 31, 2022, to RMB 217 million as of December 31, 2023, due to enhanced credit control[70] - Trade payables decreased by 33.2% from RMB 472 million as of December 31, 2022, to RMB 315 million as of December 31, 2023, mainly due to reduced procurement in IT services[76] - Cash and cash equivalents amounted to RMB 591.1 million as of December 31, 2023, compared to RMB 567.2 million as of December 31, 2022[81] Corporate Governance and Shareholder Information - The company has adopted a share option plan to reward eligible participants for their contributions to the group's growth and development[148] - The independent non-executive directors have signed appointment letters with a term of three years, which can be terminated under specified conditions[141] - The company has received annual independence confirmations from all independent non-executive directors, who are considered independent[162] - The major shareholder, Elland Holdings Limited, holds 735,840,000 shares, representing 72.44% of the company[146] - The spouse of the executive director, Mr. Peng Linji, holds a total of 740,840,000 shares, which is approximately 72.94% of the company[146] Market Risks and Competition - The company’s revenue heavily relies on major residential areas, indicating potential vulnerability to market fluctuations in these regions[117] - The company faces significant risks related to the termination or non-renewal of property management service contracts, which could adversely affect its business and financial performance[118] - The company acknowledges the intense market competition in the ancillary living services sector, which may hinder its ability to maintain or increase revenue and profitability[119] Sustainability Initiatives - The company emphasizes its commitment to environmental sustainability and has implemented various green measures to mitigate adverse environmental impacts[120] - The board of directors has approved a new sustainability initiative, with an investment of $J million aimed at reducing carbon footprint by K% over the next five years[98]

Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 345,035 thousand, a decrease of 9.9% from RMB 382,882 thousand in 2022[6] - Gross profit for the same period was RMB 163,613 thousand, down 8.0% from RMB 177,838 thousand in 2022[6] - Profit before tax decreased by 5.0% to RMB 126,728 thousand from RMB 133,427 thousand in the previous year[6] - Net profit attributable to owners of the company was RMB 85,838 thousand, a decline of 9.8% compared to RMB 95,140 thousand in 2022[6] - Basic and diluted earnings per share were RMB 0.085, down 9.6% from RMB 0.094 in the prior year[6] - Total segment revenue for the group reached RMB 350,815,000, with significant contributions from various sectors[22] - The group reported a total segment performance of RMB 120,477,000, showcasing strong operational efficiency across divisions[22] - The annual profit for the year was RMB 95,140,000, reflecting the company's overall performance[61] - The company reported a net income of RMB 31,721,000 from other income and gains[61] - The income tax expense for the year was RMB 38,287,000, impacting net profit[61] - The company achieved a segment profit of RMB 22,400,000 from retail services[61] - Other income and net gains totaled RMB 18,209,000 in 2023, down from RMB 31,721,000 in 2022, a decrease of approximately 42.5%[65] - The company reported a deferred tax expense of RMB 40,890,000 in 2023, compared to RMB 38,287,000 in 2022, an increase of about 6.8%[70] - The profit for the year decreased to approximately RMB 85.8 million, which is a year-on-year decline of about RMB 9.3 million or 9.8%[89] Dividends and Shareholder Returns - The proposed final dividend per share increased by 72.0% to 4.30 HK cents from 2.50 HK cents in 2022[6] - The proposed final dividend for the year ended December 31, 2023, is HKD 0.043 per share, totaling HKD 43,677,000, compared to HKD 0.025 per share for the previous year[90][87] Assets and Liabilities - Total assets less current liabilities amounted to RMB 751,570 thousand, up from RMB 699,395 thousand in 2022[8] - Total equity increased to RMB 701,234 thousand from RMB 638,597 thousand in the previous year[9] - Cash and cash equivalents at year-end were RMB 591,144 thousand, compared to RMB 567,235 thousand in 2022[8] - Total assets increased to RMB 872,776,000 in 2023 from RMB 843,102,000 in 2022, representing a growth of approximately 3.98%[62] - Total liabilities decreased to RMB 171,542,000 in 2023 from RMB 204,505,000 in 2022, a reduction of about 16.11%[62] - Non-current liabilities, including lease liabilities, decreased to RMB 38,902,000 from RMB 52,236,000, indicating a reduction of about 25.5%[25] - Trade receivables as of December 31, 2023, amounted to RMB 31,158,000, down from RMB 65,988,000 in the previous year[103] - Trade payables as of December 31, 2023, were RMB 31,548,000, compared to RMB 47,222,000 in 2022, indicating a decrease of 33.2%[110] Revenue Breakdown - Revenue from product sales was RMB 101,253,000 in 2023, down from RMB 111,853,000 in 2022, reflecting a decline of approximately 9.4%[64] - Property management service revenue increased to RMB 67,670,000 in 2023 from RMB 63,883,000 in 2022, showing an increase of about 4.5%[64] - Revenue from residential property management services increased by 3.0% to RMB 36.7 million, while home assistant services saw a decline of 16.1% to RMB 15.1 million[136] - Revenue from external training services increased by approximately RMB 1.0 million or 3.3% to RMB 31,125,000, attributed to the gradual recovery of demand following the easing of pandemic restrictions[168] - Revenue from information technology services decreased by approximately RMB 23.8 million or 60.2%, with engineering services revenue down by 65.6%[170] - Revenue from supporting lifestyle services decreased by approximately RMB 6.2 million or 6.9%, with property agency service revenue dropping by 74.4% due to reduced commission income from new residential unit sales[172] - Revenue from renovation and equipment installation services decreased by approximately RMB 0.2 million or about 93.4%, primarily due to reduced demand for these services[190] - Total revenue from retail store categories decreased by RMB 10.038 million or about 7.2%, with supermarkets down by 9.6% and convenience stores down by 5.6%[191] Operational Efficiency and Cost Management - The gross margin improved to 47.4% from 46.4% in the previous year, reflecting a 2.2% increase[6] - The gross profit margin increased from 46.4% to 47.4%, and the net profit margin slightly increased from 24.8% to 24.9%[141] - The group continues to implement cost-saving measures and enhance operational efficiency in response to economic challenges[144] - Administrative expenses decreased by 10.8% from RMB 26.0 million to RMB 23.2 million, attributed to enhanced cost control measures[200] Future Outlook and Strategy - The company will continue to monitor expenditures and seek new investment opportunities to adapt to the current market environment[120] - The company aims to implement a diversified business development strategy to focus on sustainable growth and expansion of its services[120] - The group plans to increase the total contracted building area and number of properties managed to expand its business and market share[130] - The group intends to acquire suitable property management companies to accelerate growth and achieve standardized and centralized business strategies[132] - The group plans to expand its business through integrated project management, including residential, shopping malls, and commercial office buildings developed by third parties in Guangdong Province[185] - The group aims to further explore new investment opportunities and develop online marketing and distribution channels[186][187] - The company is facing challenges such as geopolitical risks and sluggish global economic growth, which may impact future performance[120]

Revenue Performance - For the six months ended June 30, 2023, the revenue from retail services, information technology services, property management services, property agency services, extracurricular training services, and catering services contributed over 5% to the group's total revenue, down from over 10% for the same period in 2022[1]. - Total revenue from product sales was RMB 51,002,000, a slight increase from RMB 50,162,000 in the same period of 2022, while engineering revenue decreased significantly from RMB 16,212,000 to RMB 6,045,000[2]. - Property management service revenue was RMB 29,430,000, down from RMB 30,153,000 year-on-year, and extracurricular training service revenue decreased from RMB 15,879,000 to RMB 14,157,000[2]. - The group’s revenue from catering services increased to RMB 32,965,000 from RMB 26,742,000 year-on-year[2]. - The group’s revenue from property agency services saw a significant decline from RMB 19,869,000 to RMB 2,840,000[2]. - The revenue from integrated living services was RMB 43,305 thousand, down 21.1% from RMB 54,894 thousand year-on-year[167]. - The revenue from IT services dropped significantly by 56.9% to RMB 9,665 thousand from RMB 22,441 thousand in the previous year[182]. - Revenue from renovation and equipment installation services decreased by 88.7% from RMB 970,000 for the six months ended June 30, 2022, to RMB 110,000 for the six months ended June 30, 2023, primarily due to reduced demand[187]. - Revenue from off-campus training services decreased by 13.6% from RMB 177 million for the six months ended June 30, 2022, to RMB 153 million for the six months ended June 30, 2023, attributed to COVID-19 prevention measures and social restrictions[189]. - Total revenue for the first half of 2023 was RMB 173,099 thousand, a decrease of 13.6% compared to RMB 200,425 thousand in the same period of 2022[182]. Tax and Financial Expenses - The total income tax expense for the period was RMB 15,572,000, a decrease from RMB 22,449,000 in the previous year[7]. - The effective tax rate for the six months ended June 30, 2023, was 20.8%, down from 30.2% for the six months ended June 30, 2022[194]. Assets and Liabilities - The group’s non-current assets were valued at RMB 45,380,000 as of June 30, 2023, down from RMB 52,236,000 at the end of 2022[20]. - The total trade receivables as of June 30, 2023, amounted to RMB 50,308 thousand, down 23.7% from RMB 65,988 thousand as of December 31, 2022[43]. - The expected credit loss provision for trade and other receivables was approximately RMB 9,896 thousand as of June 30, 2023, compared to RMB 15,378 thousand as of December 31, 2022[49]. - Trade and other payables totaled RMB 98,260,000 as of June 30, 2023, an increase from RMB 86,557,000 as of December 31, 2022, indicating a growth of approximately 13.5%[74]. - The group’s trade payables to third parties decreased to RMB 32,386,000 as of June 30, 2023, from RMB 46,594,000 as of December 31, 2022, reflecting a decline of approximately 30.5%[74]. - The group reported restricted cash of RMB 130,000,000 as of June 30, 2023, significantly up from RMB 55,000,000 as of December 31, 2022[68]. - The group’s cash and cash equivalents amounted to RMB 561,023,000 as of June 30, 2023, compared to RMB 567,235,000 as of December 31, 2022, reflecting a decrease of approximately 1.3%[70]. - The group’s deferred tax liabilities totaled RMB 1,157,000 for the period, down from RMB 4,650,000 in the previous year[7]. - The group had a deferred tax asset and liability totaling RMB 9,791,000 as of June 30, 2023, compared to RMB 3,347,000 as of January 1, 2022[104]. Operational Performance - As of June 30, 2023, the average daily revenue from supermarkets was RMB 211.57 thousand, a slight decrease of 0.5% from RMB 212.64 thousand in the same period of 2022[28]. - The average daily revenue from fresh markets increased by 10.5% to RMB 36.76 thousand compared to RMB 33.20 thousand in the previous year[28]. - The average daily revenue from convenience stores decreased by 4.3% to RMB 109.56 thousand from RMB 114.53 thousand in the same period of 2022[28]. - The group continues to provide various lifestyle services, including catering and property agency services, amidst ongoing government policies aimed at stabilizing the real estate market[37]. - The group expects gradual recovery in the real estate market as local governments increase policy support[37]. - The group has maintained four learning centers in the Panyu District as of June 30, 2023, consistent with the previous year[30]. - The group provided property management services for a total of 21 communities as of June 30, 2023, unchanged from the previous year[57]. - The group managed a total contracted gross floor area of approximately 9,873,000 square meters across 16 residential communities and 5 commercial properties as of June 30, 2023[57]. - The total contracted gross floor area for residential properties in various regions includes 4,672,000 square meters in Panyu, 1,208,000 square meters in Huadu, 346,000 square meters in Zhaoqing, and 857,000 square meters in Foshan[57]. - The group’s total contracted gross floor area for commercial properties was 2,790,000 square meters, consistent with the previous year[57]. Shareholder and Governance - The group issued a total of 1,015,750,000 shares as of June 30, 2023, maintaining the same number of shares as of December 31, 2022[109]. - The company does not recommend the distribution of an interim dividend for the six months ended June 30, 2023, similar to the previous year[114]. - The final dividend for the year ended December 31, 2022, was approved at HKD 0.025 per share, totaling approximately HKD 25,394,000 (equivalent to about RMB 23,201,000), an increase from HKD 22,347,000 (approximately RMB 19,070,000) for the previous year[90]. - The company continues to maintain significant control over various subsidiaries and related entities, indicating a stable governance structure[116]. Related Party Transactions - Related party transactions amounted to RMB 5,656,000 for the current period, compared to RMB 5,499,000 in the previous period[124]. - Trade receivables and payables with related parties are unsecured and interest-free, with credit terms ranging from one to three months[129]. - Total receivables from related parties decreased to RMB 26,180 thousand as of June 30, 2023, down from RMB 41,348 thousand as of December 31, 2022, a decrease of approximately 36.7%[143]. - Total payables to related parties increased to RMB 8,399 thousand as of June 30, 2023, compared to RMB 7,082 thousand as of December 31, 2022, an increase of approximately 18.5%[145]. - Revenue from companies controlled by Ms. Meng was RMB 15,000 thousand for the six months ended June 30, 2023, down from RMB 131,000 thousand in the same period of 2022, representing a decrease of approximately 88.5%[136]. - Revenue from companies controlled by senior management increased significantly to RMB 439,000 thousand in the first half of 2023, compared to RMB 11,000 thousand in the same period of 2022, marking an increase of approximately 3,890.9%[136]. - Total service revenue from related parties was RMB 22,388 thousand for the six months ended June 30, 2023, down from RMB 39,970 thousand in the same period of 2022, a decrease of approximately 44.5%[138]. - Trade receivables from companies controlled by Ms. Meng's spouse amounted to RMB 3,830 thousand as of June 30, 2023, compared to RMB 2,949 thousand as of December 31, 2022, an increase of approximately 29.8%[142]. - Short-term lease expenses and management fees from companies controlled by Ms. Meng's spouse were RMB 481 thousand for the six months ended June 30, 2023, up from RMB 325 thousand in the same period of 2022, an increase of approximately 47.9%[138]. - Interest expenses on lease liabilities from companies controlled by Ms. Meng's spouse were RMB 436 thousand for the six months ended June 30, 2023, compared to RMB 345 thousand in the same period of 2022, an increase of approximately 26.4%[138]. - Contract liabilities from companies controlled by Ms. Meng's spouse were RMB 65 thousand as of June 30, 2023, down from RMB 106 thousand as of December 31, 2022, a decrease of approximately 38.7%[145]. Employee and Operational Costs - Employee benefits expenses totaled RMB 2,053 thousand for the six months ended June 30, 2023, slightly down from RMB 2,147 thousand in the same period of 2022, a decrease of approximately 4.4%[140]. - The company will continue to monitor expenses and seek new investment opportunities to adapt to the current market environment[181]. - The company is upgrading its sales and accounting systems to improve data collection processes for better customer service response[180].

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。 CLIFFORD MODERN LIVING HOLDINGS LIMITED 祈福生活服務控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3686） 截至2023年6月30日止六個月 中期業績公告 財務摘要 截至6月30日止六個月 2023年 2022年 變動百分比 人民幣千元 人民幣千元 收入 173,099 200,425 -13.6% 毛利 84,088 94,049 -10.6% 除所得稅前溢利 74,929 77,335 -3.1% 期內溢利 59,357 54,886 8.1% 毛利率(%) 48.6% 46.9% 3.6% ...

Financial Performance - For the year ended December 31, 2022, the company's revenue was approximately RMB 382.9 million, representing a year-on-year decrease of 11.1%[6] - Gross profit for the same period was RMB 177.8 million, down 6.0% from RMB 189.2 million in 2021[6] - Profit before tax increased to RMB 133.4 million, a rise of 19.7% compared to RMB 111.4 million in the previous year[6] - Net profit for the year reached RMB 95.1 million, reflecting a year-on-year increase of 17.3%[6] - The gross profit margin improved to 46.4%, up from 43.9% in 2021, while the net profit margin rose to 24.8%, compared to 18.8% in the prior year[11] - Basic and diluted earnings per share were RMB 0.094, an increase of 17.5% from RMB 0.080 in 2021[6] - Other income and net gains for the year ended December 31, 2022, were approximately RMB 31.7 million, compared to a net loss of RMB 12.9 million in 2021, primarily due to fair value gains on investments[59] - The annual net profit for the year ended December 31, 2022, was RMB 95.1 million, with a net profit margin of 24.8%[64] Revenue Breakdown - Revenue from property management services increased by approximately RMB 6.4 million or about 8.4%, with residential property management contributing RMB 35.6 million and commercial property management contributing RMB 25.2 million[49] - Revenue from renovation and installation services decreased by approximately RMB 6.3 million or about 97.4%, primarily due to reduced demand during the COVID-19 pandemic[50] - Revenue from retail services increased by approximately RMB 2.0 million or about 1.4%, with convenience store revenue rising by approximately RMB 1.8 million or about 4.2%[52] - Revenue from off-campus training services decreased by approximately RMB 9.1 million or about 23.2%, mainly due to the cessation of academic training courses and reduced demand from the pandemic[53] - Revenue from information technology services decreased by approximately RMB 43.3 million or about 52.3%, with engineering services contributing to a decline of approximately RMB 37.9 million or about 54.2%[55] - Revenue from supporting life services increased by approximately RMB 2.4 million or about 2.8%, with property agency services seeing a significant increase of approximately RMB 9.1 million or about 53.6%[56] Operational Highlights - The management team took decisive actions to maintain operations and improve efficiency despite challenges posed by the COVID-19 pandemic[13] - The total contracted gross floor area managed by the company increased to approximately 9,859,000 square meters as of December 31, 2022, compared to 9,647,000 square meters as of December 31, 2021[28] - The company operates 19 retail stores with a total building area of approximately 13,414 square meters as of December 31, 2022, compared to 18 stores covering 13,151 square meters in 2021[31] - The average daily revenue from supermarkets was RMB 230.8 thousand in 2022, slightly down from RMB 232.4 thousand in 2021[32] - The average daily revenue from convenience stores increased to RMB 121.8 thousand in 2022, up from RMB 116.9 thousand in 2021[32] Strategic Plans - The company plans to expand its management of residential and commercial properties to further increase market share and revenue from property management services[41] - The company intends to acquire suitable property management companies to accelerate business growth and achieve standardized operations[43] - The company aims to develop online marketing and establish online distribution channels to promote various services[45] - The company plans to further explore new investment opportunities while carefully monitoring its expenditures[46] - The company is investing in new technology development, allocating approximately $50 million towards artificial intelligence and automation initiatives[108] - Market expansion efforts include entering three new regions, aiming for a 10% increase in market share by the end of the next fiscal year[108] Dividend and Shareholder Information - The board proposed a final dividend of HKD 0.025 per share, up from HKD 0.022 per share in the previous year, marking a 13.6% increase[12] - The company proposed a final dividend of HKD 0.025 per share for the year ended December 31, 2022, totaling approximately HKD 25.4 million (equivalent to about RMB 21.8 million), subject to shareholder approval on June 27, 2023[122] - As of December 31, 2022, the distributable reserves available for shareholders amount to approximately RMB 353.6 million[129] - The company has a total of 735,840,000 shares held by Elland Holdings Limited, representing 72.44% of the total shares[138] Corporate Governance - The company is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[194] - The board consists of seven members, including three executive directors, one non-executive director, and three independent non-executive directors[198] - The board is responsible for effective leadership and oversight, ensuring decisions align with the best interests of the company and its shareholders[197] - The company has established written guidelines for employees regarding securities trading to ensure compliance with sensitive information regulations[196] - The company has adhered to the disclosure requirements of the Listing Rules regarding related party transactions for the year ended December 31, 2022[175] Risks and Challenges - The company faces various operational risks, including challenges in balancing customer product demand and inventory control, which could impact revenue and profitability[116][117] - The company’s revenue heavily relies on major residential areas, indicating potential vulnerability to market fluctuations in those regions[118] - The company is exposed to intense market competition in the ancillary living services sector, which may hinder its ability to maintain or increase revenue and profitability[120] Future Outlook - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[102] - A new product line is set to launch in Q2 2024, expected to contribute an additional $20 million in revenue[108] - The company has revised its earnings guidance, now expecting an EBITDA margin of 30% for the upcoming quarter[102] - Customer satisfaction ratings have improved, with a reported increase of 15% in positive feedback from users[102] - The company plans to enhance its sustainability initiatives, aiming for a 20% reduction in carbon emissions by 2025[108]

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依賴該等內容而引致的任何損失承擔任何責任。 CLIFFORD MODERN LIVING HOLDINGS LIMITED 祈福生活服務控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3686） 截至2022年12月31日止年度全年業績公告 財務摘要 截至12月31日止年度 2022年 2021年 變動百分比 人民幣千元 人民幣千元 客戶合約收入 382,882 430,836 -11.1% 毛利 177,838 189,190 -6.0% 除稅前溢利 133,427 111,446 19.7% 年度溢利 95,140 81,124 17.3% 毛利率(%) 46.4% 43.9% 5.7% 純利率(%) 24.8% 18.8% 31.9% ...