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].

Financial Performance - Total revenue decreased from RMB 178.2 million for the six months ended June 30, 2019, to RMB 174.7 million for the same period in 2020, a decline of RMB 3.6 million or 2.0%[30]. - For the six months ended June 30, 2020, the company reported revenue from continuing operations of RMB 174,693,000, a decrease of 2.8% compared to RMB 178,248,000 for the same period in 2019[135]. - The gross profit for the same period was RMB 72,073,000, with a gross margin of approximately 41.2%[135]. - Operating profit decreased to RMB 47,694,000, down 16.9% from RMB 57,378,000 in the previous year[135]. - Profit before tax was RMB 47,470,000, a decrease of 17% compared to RMB 57,162,000 for the same period in 2019[135]. - The net profit from continuing operations was RMB 35,960,000, down 15.6% from RMB 42,724,000 in the previous year[135]. - Total comprehensive income for the period was RMB 35,960,000, compared to RMB 43,359,000 in the same period last year[135]. - The total comprehensive income attributable to the company's owners for the period was RMB 35,960 thousand, a decrease from RMB 42,724 thousand in the previous year, representing a decline of approximately 15.5%[138]. - Basic and diluted earnings per share from continuing operations were RMB 0.035, down from RMB 0.042 in the previous year, reflecting a decrease of about 16.7%[138]. Revenue Breakdown - Property management service revenue increased by 35.5% from RMB 27.6 million in 2019 to RMB 37.4 million in 2020, driven by a shift in charging method and increased demand for resident support services[32]. - Retail service revenue rose by 46.1% from RMB 51.0 million in 2019 to RMB 74.5 million in 2020, attributed to increased demand during the COVID-19 pandemic and the opening of new stores[37]. - The average daily revenue from supermarkets increased to RMB 261.21 thousand in 2020, up from RMB 168.74 thousand in 2019, representing a growth of 55%[12]. - The average daily revenue from convenience stores rose to RMB 122.34 thousand in 2020, compared to RMB 82.07 thousand in 2019, marking a growth of 49%[12]. - The company’s segment revenue from external customers for retail services increased from RMB 50,982,000 for the six months ended June 30, 2019, to RMB 74,571,000 for the same period in 2020[172]. - The company’s segment revenue from information technology services was RMB 31,994,000 for the six months ended June 30, 2020[172]. - The company’s segment revenue from property management services was RMB 37,713,000 for the six months ended June 30, 2020[172]. Expenses and Costs - Sales cost increased from approximately RMB 100.6 million for the six months ended June 30, 2019, to approximately RMB 102.6 million for the six months ended June 30, 2020, an increase of about RMB 2.0 million or 2.0%[48]. - Gross profit decreased from approximately RMB 77.7 million for the six months ended June 30, 2019, to approximately RMB 72.1 million for the six months ended June 30, 2020, a decrease of about RMB 5.6 million or 7.2%[49]. - Gross margin declined from approximately 43.6% to approximately 41.3% during the same period, primarily due to changes in revenue sources[49]. - Selling and marketing expenses increased from RMB 12.8 million to RMB 13.3 million, representing a 4.2% increase, mainly due to the increase in the number of retail stores[50]. - Administrative expenses remained stable at RMB 15.6 million for the six months ended June 30, 2020, compared to RMB 15.3 million for the same period in 2019[52]. - Employee benefits expenses decreased to RMB 33,300 thousand in H1 2020 from RMB 40,573 thousand in H1 2019, a reduction of approximately 17.5%[185]. - The group’s total expenses for H1 2020 amounted to RMB 131,560 thousand, compared to RMB 128,643 thousand in H1 2019, indicating a slight increase of approximately 2.2%[185]. Cash Flow and Financial Position - As of June 30, 2020, the group's cash and cash equivalents amounted to RMB 297.8 million, down from RMB 364.9 million as of December 31, 2019, due to an investment of RMB 102.5 million in unallocated silver bars[79]. - Cash and cash equivalents decreased to RMB 297,821 thousand from RMB 364,909 thousand, a decline of approximately 18.4%[140]. - Operating cash flow generated from business activities was RMB 82,598 thousand, an increase of 65% compared to RMB 50,006 thousand in the previous year[150]. - The company reported a net cash outflow from investing activities of RMB 130,174 thousand, compared to an inflow of RMB 55,522 thousand in the previous year, indicating a shift in investment strategy[150]. - The net cash used in financing activities was RMB (5,281) thousand in 2020, slightly increased from RMB (5,257) thousand in 2019[153]. - The net decrease in cash and cash equivalents was RMB (67,743) thousand in 2020, compared to an increase of RMB 92,569 thousand in 2019[153]. - The cash and cash equivalents at the beginning of the period were RMB 364,909 thousand, up from RMB 209,362 thousand at the beginning of 2019[153]. - The cash and cash equivalents at the end of the period were RMB 297,821 thousand, a slight decrease from RMB 302,521 thousand at the end of 2019[153]. Investments and Assets - The group invested approximately RMB 102.5 million in 800,000 ounces of unallocated silver bars as part of its treasury management strategy[23]. - The fair value of the investment in silver bars increased by approximately 46.9% as of the report date[87]. - Non-current assets increased to RMB 173,409 thousand as of June 30, 2020, compared to RMB 58,477 thousand as of December 31, 2019, indicating a significant growth[140]. - The company’s investment in silver bars was RMB 102,873,000 as of June 30, 2020[178]. Shareholder and Corporate Governance - The company did not declare any interim dividend for the six months ended June 30, 2020[128]. - The board aims to distribute dividends of at least 25% of the audited consolidated profit attributable to shareholders for each financial year[93]. - The company appointed Deloitte as the new auditor after the resignation of PwC due to a disagreement over audit fees for the fiscal year ending December 31, 2020[100]. - The company has established a stock option plan to reward eligible participants for their contributions to growth and development[106]. - The company must obtain prior approval from independent non-executive directors for granting stock options to directors or major shareholders[109]. - Any stock options granted exceeding 0.1% of the issued shares or valued over HKD 5 million require shareholder approval[109]. - The company has not granted or agreed to grant any stock options under the stock option plan as of the mid-report date[114]. Employee and Operational Metrics - The group employed approximately 594 employees as of June 30, 2020, down from 642 employees as of December 31, 2019[85]. - The group continues to monitor and evaluate third-party subcontractors to ensure quality standards in renovation and installation services[10]. - The group has established 4 learning centers in Panyu District as of June 30, 2020, up from 3 centers as of December 31, 2019[14]. - The company is upgrading sales and accounting systems to improve data collection processes and respond more quickly to customer needs[27].

Financial Performance - The company's revenue for the year ended December 31, 2019, reached approximately RMB 396.6 million, representing a year-on-year increase of 16.1%[22]. - Profit for the year increased to approximately RMB 95.8 million, reflecting a year-on-year growth of about RMB 23.1 million or 31.8%[22]. - Gross profit margin from continuing operations decreased from 48.7% to 44.4%[22]. - Net profit margin from continuing operations increased from 21.2% to 24.0%, representing a year-on-year increase of approximately 13.2%[22]. - Basic earnings per share for the year were RMB 0.094, an increase of 30.6% compared to RMB 0.072 in the previous year[15]. - Operating profit for the year was RMB 130.2 million, a 27.4% increase from RMB 102.1 million in the previous year[15]. - Profit before tax from continuing operations was RMB 129.7 million, reflecting a year-on-year increase of 25.5%[15]. - Total revenue for the year ended December 31, 2019, was approximately RMB 396.6 million, an increase of about RMB 54.9 million or approximately 16.1% compared to RMB 341.6 million in 2018[74]. - The net profit from continuing operations for the year ended December 31, 2019, was RMB 952 million, with a net profit margin of 24.0%[99]. - Other income for the year ended December 31, 2019, was RMB 19 million, up from RMB 11 million in the previous year, mainly from interest income on cash and cash equivalents[94]. Revenue Breakdown - Information technology services revenue increased by 18.4% from approximately RMB 738 million in 2018 to approximately RMB 874 million in 2019[28]. - Retail services revenue decreased by 4.9% from RMB 1,124 million in 2018 to RMB 1,069 million in 2019, while gross margin improved to 47.3% from 43.9%[30]. - Revenue from off-campus training services rose by 20.3% from approximately RMB 404 million in 2018 to approximately RMB 486 million in 2019[31]. - Property management services revenue increased by approximately RMB 5.8 million or about 11.1%, driven by an increase in managed contracted building area from 6.8 million square meters in 2018 to 9.6 million square meters[75]. - Revenue from extracurricular training services increased by approximately RMB 82 million or about 20.3%, primarily due to the increase in the variety of interest classes offered and the opening of new learning centers[82]. - Revenue from information technology services rose by approximately RMB 136 million or about 18.5%, with engineering services contributing an increase of approximately RMB 121 million or about 16.8% due to an increase in the number of projects undertaken[84]. - Revenue from ancillary lifestyle services surged by approximately RMB 366 million or about 125.8%, driven by property agency services which increased by approximately RMB 283 million or about 204.2% and vocational introduction services which rose by approximately RMB 60 million or about 251.6%[86]. Operational Highlights - The company continues to provide a diversified service portfolio, including property management, renovation, retail, and IT services[21]. - The company has achieved historical highs in both revenue and profit due to improved operational efficiency[19]. - The company plans to continue diversifying its service offerings, focusing on property management, information technology, retail, off-campus training, online marketing, and distribution channels[34]. - The company has established three learning centers in the Panyu District as of December 31, 2019, up from two in 2018[52]. - The company successfully completed multiple projects, including a smart campus environment project, contributing to the increase in information technology services revenue[28]. - The company is upgrading its sales and accounting systems to improve data collection processes and respond more quickly to customer needs[68]. - The company reported a significant increase in operational performance, with a focus on daily operations management and overall business performance supervision[139]. Cost and Expenses - Cost of sales increased by approximately 25.6% to about RMB 2,203 million, aligning with the overall revenue growth during the period[87]. - Gross profit increased by approximately RMB 100 million or about 6.0%, while the gross margin decreased from approximately 48.7% to about 44.4%[88]. - Administrative expenses decreased by 22.0% to RMB 329 million, primarily due to reductions in employee benefits and professional fees[92]. - Financial expenses for the year ended December 31, 2019, amounted to RMB 16 million, primarily related to interest expenses on lease liabilities[97]. Shareholder Information - The company proposed a final dividend of HKD 0.025 per share for the year ended December 31, 2019, totaling approximately HKD 25.4 million (equivalent to about RMB 22.7 million), an increase from HKD 0.022 per share in 2018[161]. - The company’s major shareholder, Elland Holdings Limited, holds 735,840,000 shares, representing 72.48% of the total shares[182]. - The spouse of the chairman, Mr. Peng Linji, has a combined interest of 740,840,000 shares, which accounts for 72.97% of the total shares[182]. - As of December 31, 2019, the company has distributable reserves amounting to approximately RMB 495.2 million, which includes share premium and retained earnings[168]. Governance and Compliance - The board of directors includes experienced professionals with diverse backgrounds in law, finance, and marketing, ensuring robust governance and oversight[142][148][149]. - The company is committed to maintaining high standards of corporate governance, with independent directors overseeing key committees[144][145]. - The management team has extensive experience in their respective fields, contributing to informed decision-making and strategic planning[148][149]. - The company emphasizes environmental sustainability as part of its corporate responsibility, implementing various green measures to mitigate negative environmental impacts[160]. - The company is subject to compliance with the Cayman Islands Companies Law and its own articles of association regarding the distribution of dividends[168]. Future Outlook - Future outlook remains positive, with strategic plans for market expansion and potential mergers and acquisitions being discussed[140]. - The company intends to explore new investment opportunities to address challenges posed by potential economic slowdown in mainland China[69]. - The company aims to enhance its service offerings and operational efficiency through continuous improvement initiatives[146]. - The company is actively pursuing new product development and technological advancements to stay competitive in the market[140].

CLIFFORD MODERN LIVING 祈福生活服務 CLIFFORD MODERN LIVING 祈福生活服務控股有限公司 CLIFFORD MODERN LIVING HOLDINGS LIMITED （於舅曼群島註骨成立之有限公司) 股份代號： 3686 中期報告 INCOLU 目 錄 2 | --- | --- | |-------|--------------------------| | | | | | 公司資料 | | 3 | 管理層討論及分析 | | 24 | 企業管治及其他資料 | | 34 | 中期簡明合併利潤表 | | 36 | 中期簡明合併綜合收益表 | | 37 | 中期簡明合併財務狀況表 | | 40 | 中期簡明合併權益變動表 | | 42 | 中期簡明合併現金流量表 | | 44 | 簡明合併中期財務資料附註 | 公司資料 | --- | --- | |---------------------------------------------------------------------------------|----------------------------- ...

CLIFFORD MODERN LIVING 祈福生活服務 CLIFFORD MODERN LIVING 祈福生活服務控股有限公司 CLIFFORD MODERN LIVING HOLDINGS LIMITED (於開曼群島註冊成立之有限公司) 股份代號:3686 25 16 2018 年報 目 錄 a in to by annu timani 2017-01-1 NETTER of minute illust an and and 2 BILLERS 138-41 4 3 2 G A 118570 V | --- | --- | --- | --- | --- | --- | |-------|-------|---------|-------|---------------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2 | | 公司資料 | | | | | 3 | | 財務摘要 | | | | | 4 | | 主席報告 | | | | | | | | | ...