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% ...

Financial Performance - Total revenue decreased from RMB 212.0 million for the six months ended June 30, 2021, to RMB 200.4 million for the six months ended June 30, 2022, a decline of RMB 11.6 million or 5.5%[32]. - Revenue for the six months ended June 30, 2022, was RMB 200,425 thousand, a decrease of 5.4% compared to RMB 212,003 thousand for the same period in 2021[127]. - Gross profit rose from approximately RMB 870 million to approximately RMB 940 million, representing an increase of about RMB 70 million or 8.0%, with gross margin improving from 41.0% to 46.9%[45]. - Net profit for the six months ended June 30, 2022, was RMB 549 million, compared to RMB 405 million for the same period in 2021, with a net profit margin of 27.4%[52]. - The company reported a profit attributable to owners of RMB 54,886,000 for the six months ended June 30, 2022, compared to RMB 40,500,000 for the same period in 2021, representing an increase of approximately 35.7%[187]. - Basic and diluted earnings per share for the period were RMB 0.054, compared to RMB 0.040 in the previous year, reflecting a 35% increase[127]. Revenue Breakdown - Average daily revenue for supermarkets was RMB 212.64 thousand, down from RMB 237.19 thousand in the same period of 2021, representing a decrease of approximately 10.5%[14]. - Average daily revenue for convenience stores was RMB 114.53 thousand, down from RMB 120.99 thousand in the same period of 2021, representing a decrease of approximately 5.3%[14]. - Retail services revenue fell by 8.2% to RMB 64.9 million, primarily due to weakened demand for physical retail services amid the COVID-19 pandemic[37]. - Off-campus training services revenue decreased by 20.9% to RMB 17.7 million, attributed to the cessation of academic training courses following regulatory changes[39]. - Information technology services revenue dropped by 28.7% to RMB 22.4 million, mainly due to a reduction in project numbers, with engineering services revenue declining to RMB 18.1 million[42]. - Property management services revenue slightly increased by 0.1% to RMB 40.4 million, driven by a rise in resident support services, which grew by 16.0% to RMB 16.6 million[34]. Expenses and Costs - Selling and marketing expenses increased by 45.5% from RMB 123 million to RMB 179 million, primarily due to increased personnel costs and depreciation of right-of-use assets[46]. - Administrative expenses decreased by 5.3% from RMB 136 million to RMB 129 million, mainly due to reduced costs for administrative staff and depreciation[47]. - Employee benefit expenses totaled RMB 30,881,000, a decrease from RMB 37,228,000 in the previous year, indicating a reduction in labor costs[174]. Assets and Liabilities - Total assets as of June 30, 2022, were RMB 692,358 thousand, compared to RMB 565,076 thousand as of December 31, 2021[130]. - The total liabilities as of June 30, 2022, were RMB 213,488 thousand, compared to RMB 201,134 thousand as of December 31, 2021[164]. - Trade receivables decreased by 24.2% from RMB 919 million to 697 million, reflecting a reduction in outstanding property management fees and service receivables[59]. - Trade payables decreased by 34.8% from RMB 557 million to RMB 363 million, attributed to reduced procurement of materials for IT services[63]. Cash Flow and Investments - Operating cash flow generated from operations was RMB 102,786 thousand for the six months ended June 30, 2022, up from RMB 63,806 thousand in 2021, indicating a 60.9% increase[139]. - The net cash generated from operating activities was RMB 84,040 thousand for the six months ended June 30, 2022, compared to RMB 46,589 thousand in 2021, reflecting an increase of 80.2%[139]. - The company reported a net cash outflow from investing activities of RMB 34,331 thousand for the six months ended June 30, 2022, compared to a net cash inflow of RMB 10,769 thousand in 2021[141]. Corporate Governance and Structure - The board consists of seven directors, including three executive directors, one non-executive director, and three independent non-executive directors[85]. - The Remuneration Committee held a meeting on March 25, 2022, to review the company's remuneration policies and structures for executive and non-executive directors[91]. - The Nomination Committee also met on March 25, 2022, to assess the board's structure, size, and composition, as well as the independence of independent non-executive directors[93]. - The Environmental, Social, and Governance (ESG) Committee was established in June 2022 to oversee the group’s ESG responsibilities and strategies[95]. Shareholder Information - As of June 30, 2022, Meng Lihong held 735,840,000 shares, representing approximately 72.44% of the company[110]. - The company’s major shareholders include Peng Linji, who holds 740,840,000 shares, representing approximately 72.94%[115]. - The company has not granted or agreed to grant any stock options under the stock option plan as of the reporting date[107]. Future Plans and Outlook - The company plans to expand its property management network through integrated projects in Guangdong Province, including apartments and commercial buildings[27]. - The company aims to increase investment in its information technology services division to enhance market share and overall business growth[28]. - The company plans to continue expanding its service offerings in mainland China under the Qifu brand, focusing on retail, property management, and IT services[145].

Financial Performance - For the year ended December 31, 2021, the company's revenue reached approximately RMB 430.8 million, representing a year-on-year increase of 2.3%[14] - Gross profit for the same period was RMB 194.6 million, up 5.9% from RMB 183.8 million in 2020[9] - The company's profit before tax decreased by 31.0% to RMB 111.4 million, down from RMB 161.5 million in the previous year[9] - Net profit for the year was RMB 81.1 million, reflecting a decrease of 37.0% compared to RMB 128.7 million in 2020[9] - The gross profit margin improved to 45.2%, up from 43.7% in the previous year, while the net profit margin decreased to 18.8% from 30.6%[9][14] - Total revenue for the year ended December 31, 2021, was approximately RMB 430.8 million, an increase of about RMB 9.9 million or approximately 2.3% compared to RMB 420.9 million in 2020[57] Revenue Breakdown - Revenue from catering services increased by 392.3% to approximately RMB 50.9 million, driven by the introduction of catering services in school campuses starting from Q4 2020[22] - Revenue from property management services decreased by approximately RMB 0.2 million or about 0.3%, with commercial property management services increasing by approximately RMB 1.8 million or about 8.0%[60] - Revenue from renovation and equipment installation services decreased by approximately RMB 11.3 million or about 63.5% due to a decline in the number of service contracts signed[61] - Revenue from retail services decreased by approximately RMB 11.6 million or about 7.7%, primarily due to a normalization of demand following a surge during the early COVID-19 pandemic[63] - Revenue from off-campus training services increased by approximately RMB 8.0 million or about 25.7%, driven by a recovery in demand post-COVID-19[64] - Revenue from information technology services decreased by approximately RMB 12.7 million or about 13.3%, with engineering services declining by approximately RMB 14.1 million or about 16.8%[67] - Revenue from supporting life services increased by approximately RMB 37.7 million or about 75.8%, with significant growth in catering services, which rose by approximately RMB 40.5 million or about 392.3%[68] Dividends and Shareholder Information - The proposed final dividend per share is HKD 2.20, down 18.5% from HKD 2.70 in 2020[15] - The company proposed a final dividend of HKD 0.022 per share for the year ended December 31, 2021, totaling approximately HKD 22.3 million, compared to HKD 27 million in 2020[131] - As of December 31, 2021, the distributable reserves available to shareholders amounted to approximately RMB 652.6 million[137] - Ms. Meng Lihong holds 735,840,000 shares, representing 72.44% of the company's total shares[144] - Major shareholder Elland Holdings Limited, fully owned by Ms. Meng Lihong, also holds 735,840,000 shares, equating to 72.44%[148] - Mr. Peng Linji, spouse of Ms. Meng Lihong, has a beneficial interest in 740,840,000 shares, which is approximately 72.94% of the company[148] Operational Changes and Strategies - The company has ceased providing academic tutoring courses to mitigate the impact of new regulations on private education[21] - The company anticipates stable growth in property management services, extracurricular training services, and supporting lifestyle services[16] - The company is focused on expanding its service offerings and establishing partnerships to lay a solid foundation for future growth[17] - The group plans to increase the total contracted gross floor area and number of residential and commercial properties managed to expand its market share[49] - The group intends to acquire suitable property management companies to accelerate growth and achieve standardized and centralized business strategies[51] - The group plans to open two new convenience stores in managed residential areas to enhance its retail network[52] - The group aims to diversify its service portfolio to drive future business development[24] Management and Governance - The company has a strong management team with expertise in information technology, telecommunications, and property management, enhancing operational efficiency[121] - The board of directors includes members with significant experience in finance, law, and corporate governance, ensuring robust oversight and strategic direction[116] - The company is committed to leveraging technology and innovation to improve service delivery and operational processes in its business segments[121] - The company has outlined future growth strategies that include market expansion and potential mergers and acquisitions to enhance its competitive position[121] Financial Position and Assets - As of December 31, 2021, the group's cash and cash equivalents amounted to RMB 351.9 million, an increase from RMB 344.4 million as of December 31, 2020[94] - The group had no outstanding loans or borrowings as of December 31, 2021, consistent with the previous year[94] - The group's debt-to-equity ratio was zero as of both December 31, 2021, and December 31, 2020[95] - There were no pledged assets as of December 31, 2021, remaining unchanged from the previous year[98] - The group had no significant contingent liabilities as of December 31, 2021, similar to the previous year[99] Employee Information - The total number of employees increased to 664 as of December 31, 2021, up from 608 employees as of December 31, 2020[100] - The company has adopted a share option scheme to incentivize and reward employees for their contributions since October 2016[100] Related Party Transactions - The company has established ongoing related party transactions, including services provided to the WM Healthcare Group and WM Non-Medical Healthcare Group, with annual revenue caps set at RMB 23.0 million for 2016, 2017, and 2018[178] - The total rent agreement with Guangzhou Panyu Qifu New Village Real Estate Co., Ltd. has annual rent caps of RMB 11.5 million, RMB 12.0 million, and RMB 12.5 million for the fiscal years ending December 31, 2016, 2017, and 2018 respectively[179] - The company has revised the annual caps for the comprehensive service framework agreement to RMB 37.0 million and RMB 41.0 million for the fiscal years ending December 31, 2017, and 2018 respectively[180] - The company has entered into a comprehensive service framework agreement with Panyu Qifu New Village Real Estate and Qifu Xianhu Hotel, with annual transaction caps of RMB 132 million, RMB 129 million, and RMB 139 million for the years ending December 31, 2022, 2023, and 2024 respectively[193] - A second comprehensive service framework agreement was established with Qifu Medical, setting annual transaction caps of RMB 34 million, RMB 41 million, and RMB 44 million for the same fiscal years[194] Compliance and Risk Management - The company faces several operational risks, including reliance on major residential areas for revenue and potential contract terminations in property management services[128] - The company emphasizes environmental sustainability as part of its corporate responsibility, implementing various green measures to mitigate adverse environmental impacts[130] - The independent auditor has been engaged to report on the company's continuing connected transactions in accordance with relevant auditing standards[199] - The company has complied with the requirements of the Listing Rules regarding continuing connected transactions[200]

Financial Performance - Revenue increased from RMB 174.7 million for the six months ended June 30, 2020, to RMB 212.0 million for the six months ended June 30, 2021, representing a growth of RMB 37.3 million or 21.4%[29]. - Net profit for the six months ended June 30, 2021, was RMB 405 million, compared to RMB 360 million for the same period in 2020, with a net profit margin of 19.1%[55]. - Gross profit rose by approximately RMB 14.9 million or 20.7%, from about RMB 721 million for the six months ended June 30, 2020, to about RMB 870 million for the six months ended June 30, 2021[48]. - The company reported a net profit of RMB 40,500 thousand for the six months ended June 30, 2021, compared to RMB 35,960 thousand for the same period in 2020, representing an increase of approximately 12.8%[143]. - The company’s total revenue for the six months ended June 30, 2021, was RMB 212,003 thousand, up from RMB 174,693 thousand for the same period in 2020, reflecting a growth of 21.4%[181]. Revenue Breakdown - Average daily revenue for supermarkets was RMB 237.19 thousand in the first half of 2021, a decrease of 9.2% compared to RMB 261.21 thousand in the same period of 2020[9]. - The revenue from property management services rose by 8.2% to RMB 40.4 million, driven by increased demand for home assistance services[30]. - The revenue from off-campus training services surged by 241.7% to RMB 22.4 million, recovering from the adverse impacts of the COVID-19 pandemic in 2020[39]. - Retail services revenue decreased by 5.2% to RMB 70.6 million, attributed to the normalization of demand following the initial surge during the COVID-19 pandemic[37]. - The revenue from lifestyle services increased by 174.7% from RMB 169.52 million for the six months ended June 30, 2020, to RMB 465.74 million for the six months ended June 30, 2021[45]. Expenses and Costs - Sales costs rose from approximately RMB 1,026 million for the six months ended June 30, 2020, to about RMB 1,250 million for the six months ended June 30, 2021, an increase of approximately RMB 224 million[46]. - Administrative expenses decreased by 12.8% from RMB 156 million for the six months ended June 30, 2020, to RMB 136 million for the same period in 2021[50]. - The company reported a decrease in administrative expenses to RMB 13,583 thousand from RMB 15,596 thousand in the prior year[134]. - The direct operating expenses related to investment properties generating rental income increased to RMB 518,000 from RMB 332,000, marking a rise of 56.0%[186]. Assets and Liabilities - Trade receivables increased by 19.5% from RMB 786 million on December 31, 2020, to RMB 939 million on June 30, 2021[67]. - Total assets as of June 30, 2021, amounted to RMB 536,631 thousand, an increase from RMB 487,491 thousand as of December 31, 2020[136]. - Total liabilities increased to RMB 229,150 thousand as of June 30, 2021, compared to RMB 190,175 thousand as of December 31, 2020, indicating a rise of 20.5%[177]. - Cash and cash equivalents increased to RMB 394.9 million as of June 30, 2021, up from RMB 344.4 million on December 31, 2020[77]. Investment and Expansion Plans - The group plans to expand its property management network through integrated projects, including apartments, shopping malls, and commercial buildings developed by third parties in Guangdong Province[21]. - The company aims to explore potential mergers and acquisitions to strengthen its market position and expand its service portfolio[151]. - The company is actively investing in new technology development to enhance service efficiency and customer experience[151]. Corporate Governance - The board currently consists of seven directors, including three executive directors, one non-executive director, and three independent non-executive directors[96]. - The audit committee, composed of three independent non-executive directors, has reviewed the interim financial information for the six months ended June 30, 2021, with no objections raised[97]. - The company has adopted the standard code of conduct for securities trading as per the listing rules[95]. Stock Options and Shareholder Information - As of June 30, 2021, the company had granted a total of 21,175,000 stock options under the pre-IPO stock option plan, with an exercise price set at 90% of the final offer price of HKD 0.414[114]. - The maximum number of stock options that can be granted to any participant in a twelve-month period is limited to 1% of the company's issued shares at any time[110]. - Major shareholder Meng Lihong held 735,840,000 shares, representing 72.44% of the company[118]. Taxation and Compliance - The effective tax rate increased to 24.9% for the six months ended June 30, 2021, compared to 22.8% for the same period in 2020[54]. - The group’s income tax provision in mainland China is based on a corporate income tax rate of 25%, with certain subsidiaries benefiting from a reduced rate of 15% due to high-tech enterprise certification[193].

Financial Performance - The company's revenue for the year ended December 31, 2020, reached approximately RMB 420.9 million, representing a year-on-year increase of 6.2%[10]. - Profit for the year increased to approximately RMB 128.7 million, reflecting a year-on-year growth of about RMB 33.5 million or 35.2%[16]. - Gross profit margin from continuing operations decreased from 44.4% to 43.7%, while net profit margin increased from 24.0% to 30.6%, marking a year-on-year increase of approximately 27.5%[16]. - The company reported a pre-tax profit of RMB 161.5 million, an increase of 24.6% compared to RMB 129.7 million in the previous year[10]. - Basic and diluted earnings per share from continuing operations increased to RMB 0.127, a rise of 35.1% from RMB 0.094[10]. - The net profit attributable to the owners of the company from continuing operations was RMB 128.7 million, compared to RMB 95.8 million in the previous year, reflecting a growth of 34.4%[10]. - Total revenue for the year ended December 31, 2020, was approximately RMB 420.9 million, an increase of about RMB 24.4 million or approximately 6.2% compared to RMB 396.6 million in 2019[64]. Dividends and Shareholder Returns - The proposed final dividend is HKD 2.70 per share, up from HKD 2.50 per share for the year ended December 31, 2019, representing an increase of 8.0%[17]. - The company proposed a final dividend of HKD 2.70 per share for the year ended December 31, 2020, totaling approximately HKD 27.4 million, compared to HKD 2.50 per share for the previous year[149]. - As of December 31, 2020, the company's distributable reserves amounted to approximately RMB 594.6 million[156]. Revenue Breakdown by Segment - Revenue from property management services increased by approximately RMB 18.7 million or about 32.1%, with commercial property management services seeing a significant increase of approximately RMB 13.1 million or 133.4%[68]. - In 2020, the revenue from information technology services increased by 9.3% to approximately RMB 95.6 million from RMB 87.4 million in 2019[21]. - Retail services revenue surged by 40.3% to approximately RMB 149.9 million in 2020, up from RMB 106.9 million in 2019, driven by increased demand during the pandemic and an increase in the number of retail stores from 15 to 18[23]. - Catering services revenue rose by 192.7% to approximately RMB 10.4 million in 2020, compared to RMB 3.5 million in 2019, attributed to the introduction of catering services in school districts[24]. - Revenue from renovation and installation services decreased by approximately RMB 12.1 million or about 40.4% due to the impact of the COVID-19 pandemic[69]. - Revenue from external training services decreased by approximately RMB 17.4 million or about 35.8% for the year ended December 31, 2020, primarily due to the COVID-19 pandemic impacting business operations[72]. - Revenue from ancillary lifestyle services decreased by approximately RMB 16.0 million or about 24.3%, with restaurant services revenue increasing by approximately RMB 6.8 million or about 191.7%[80]. Operational Developments - The company continues to provide a diversified service portfolio, including property management, renovation, retail, and IT services[15]. - The company has successfully transitioned from terminated operations, focusing on providing consultancy services in the food and beverage sector[10]. - The company plans to continue diversifying its business strategy and focus on sustainable development and expansion in the future[27]. - The company plans to expand its managed residential and commercial properties to increase market share and revenue from property management services[55]. - The company intends to acquire suitable property management companies to accelerate business growth and achieve standardized operations[57]. - The company aims to enhance its information technology services to capture the growing market potential in smart city development[60]. - The company plans to further develop online marketing and distribution channels through websites and mobile applications to better meet customer needs[62]. - The company has started providing catering services in schools since Q4 2020, which is expected to become a new growth driver for its catering segment[63]. Governance and Management - The company has a strong governance structure with independent non-executive directors overseeing key committees such as audit and remuneration[130][133]. - The management team has extensive experience in their respective fields, enhancing operational efficiency and strategic decision-making[137][139]. - The company is committed to maintaining high standards of corporate governance, as evidenced by the qualifications of its board members[130][133]. - The financial reporting practices are aligned with international standards, ensuring accuracy and reliability in financial disclosures[139]. - The company has a robust framework for financial planning and reporting, led by experienced professionals in finance and accounting[139]. - The company has established a governance mechanism to align the interests of shareholders and management, promoting long-term stability and benefits[171]. Market and Operational Risks - The company faces several operational risks, including reliance on major residential areas for revenue and potential contract terminations in property management services[145]. - The company’s operational structure includes multiple service segments, which may expose it to unique challenges not faced by single-segment companies[145]. - The company is committed to maintaining a balance between meeting customer product demands and optimal inventory levels in its retail services[145]. Employee and Shareholder Information - The number of employees decreased from 642 on December 31, 2019, to 608 on December 31, 2020[114]. - The company raised approximately RMB 54.7 million from the IPO, netting about RMB 46.4 million after deducting underwriting fees and related expenses[117]. - As of December 31, 2020, Meng Lihong holds 735,840,000 shares, representing 72.48% of the company's equity[164]. - The total number of shares held by major shareholders, including Elland Holdings Limited, is 735,840,000, which accounts for 72.48% of the company's shares[168]. Financial Position and Assets - The carrying amount of property, plant, and equipment was approximately RMB 17.2 million as of December 31, 2020, compared to RMB 14.4 million in the previous year[92]. - As of December 31, 2020, the fair value of the silver bar investment was approximately RMB 138.3 million, up from an investment cost of RMB 102.5 million[96]. - Inventory increased from approximately RMB 8.8 million on December 31, 2019, to approximately RMB 14.9 million on December 31, 2020, primarily due to an increase in the number of retail service stores[97]. - Trade receivables rose by approximately 9.0% from RMB 72.2 million on December 31, 2019, to RMB 78.6 million on December 31, 2020[99]. - Other receivables decreased by 43.4%, from approximately RMB 18.8 million on December 31, 2019, to approximately RMB 10.7 million on December 31, 2020[100]. - Prepayments increased by 87.1% from RMB 3.6 million on December 31, 2019, to RMB 6.7 million on December 31, 2020, due to the expansion of retail services[104]. - Trade payables increased by 23.5% from RMB 50.3 million on December 31, 2019, to RMB 62.1 million on December 31, 2020, mainly due to increased procurement of raw materials for IT services[106]. - As of December 31, 2020, the group had cash and cash equivalents of RMB 344.4 million, down from RMB 364.9 million on December 31, 2019[109]. - The group had no pledged assets as of December 31, 2020, consistent with the previous year[111]. - The group had no significant contingent liabilities as of December 31, 2020, unchanged from the previous year[112]. Events and Future Outlook - The company’s financial performance and future outlook are detailed in the chairman's report and management discussion sections of the annual report[144]. - The annual general meeting is scheduled for June 25, 2021, where shareholders will vote on the proposed dividend[150]. - The company will temporarily suspend share transfer registration from June 21 to June 25, 2021, to determine eligibility for attending the annual general meeting[151]. - No major events occurred after December 31, 2020, up to the report date[116].