Financial Performance - For the financial year ended 31 December 2018, the Group's profit attributable to equity shareholders was approximately RMB36.6 million, representing an increase of approximately 50.6% compared to RMB24.3 million in 2017[22]. - The Group's revenue for the year ended 31 December 2018 was approximately RMB61.7 million, a decrease of approximately RMB5.0 million from RMB66.7 million in 2017, primarily due to no non-recurring revenue from sales of residential properties in 2018[22]. - Rental income from the property leasing business increased to approximately RMB43.5 million in 2018, up from RMB39.5 million in 2017, attributed to an increase in new tenants and higher monthly rents[26]. - Revenue from property management services was approximately RMB18.3 million for the year ended 31 December 2018, down from RMB20.4 million in 2017, due to a decrease in non-recurring value-added services income[33]. - The basic earnings per share for the year ended 31 December 2018 was approximately RMB0.08, compared to RMB0.07 for the corresponding period in 2017[22]. - The increase in profit was mainly due to higher revenue from property leasing, valuation gains on investment properties, and reduced administrative expenditures[22]. - The total value of investment properties was RMB900.9 million as of 31 December 2018, an increase from RMB876.6 million in 2017, with a valuation gain of approximately RMB33.8 million for the year[35]. - The average occupancy rate for commercial properties was 83% in 2018, up from 76% in 2017, with total rental income from commercial properties reaching RMB42.8 million[29]. - As of December 31, 2018, the total equity of the Group was approximately RMB 879.1 million, an increase from RMB 719.3 million as of December 31, 2017[46]. - The Group maintained cash and cash equivalents of approximately RMB 181.3 million as of December 31, 2018, compared to RMB 42.4 million as of December 31, 2017[46]. - The net current assets of the Group were approximately RMB 166.7 million as of December 31, 2018, up from RMB 26.3 million in the previous year[46]. - The Group's outstanding bank loans were approximately RMB 26.5 million as of December 31, 2018, down from RMB 32.5 million as of December 31, 2017[46]. - The gearing ratio of the Group was 3% as of December 31, 2018, compared to 4.5% as of December 31, 2017[46]. Strategic Focus and Market Outlook - The management is closely monitoring market uncertainties and challenges due to Sino-US trade frictions and global economic growth concerns[17]. - The Group aims to enhance property value and operating profits in its main business areas, including properties, property investment, and management services[15]. - The management is adopting a prudent and responsible approach to navigate changes in the investment market[17]. - The Group plans to focus on the United Kingdom as its primary overseas investment destination, capitalizing on the current lower exchange rate of British pounds[40]. - The Group aims to enhance its quality management and strengthen competitive rental strategies to improve occupancy rates and recurring income[42]. - The Group is seeking quality investment projects in the PRC and plans to collaborate with China Everbright Group to develop high-quality properties[41]. - The Group plans to invest in capacity expansion and suitable investment projects to capitalize on potential growth in the coming years[64]. Employee and Management Insights - The Group expressed gratitude to employees for their efforts in maintaining growth and to shareholders for their support[18]. - Total staff costs, including Directors' emoluments, were approximately RMB18.7 million for the year, an increase from RMB16.8 million in 2017[81]. - The Group employed 134 full-time employees as of 31 December 2018, down from 156 in 2017[81]. - The company maintains a good relationship with its employees and has not experienced significant labor disputes[83]. Corporate Governance and Leadership - The company has adopted a new corporate governance framework to enhance transparency and accountability[151]. - The company has adopted the corporate governance code as set out in Appendix 14 of the Listing Rules since its listing date and has complied with all applicable provisions, except for a deviation from provision A.2.1[155]. - Mr. Liu Jia serves as both Chairman and Chief Executive Officer, which is a deviation from the corporate governance code that stipulates these roles should be separate[171]. - The Board currently consists of two executive directors, two non-executive directors, and four independent non-executive directors, indicating a strong independence element in its composition[157]. - The company held four board meetings and one general meeting during the reporting period, meeting the requirement of at least four regular board meetings per year[163]. - All directors confirmed compliance with the required standards for securities transactions as set out in the Model Code since the listing date[160]. - The company has received written annual confirmations from each independent non-executive director regarding their independence, in accordance with the independence guidelines[173]. - Non-executive directors are appointed for a specific term of three years, subject to renewal after the current term expires[174]. - The company will arrange to hold at least four regular board meetings and a meeting between the Chairman and non-executive directors in the forthcoming year[170]. - The board composition meets the requirements of the Listing Rules, with at least three independent non-executive directors representing at least one-third of the board[172]. - There are no relationships among members of the board that could affect their independence[165]. - The Audit Committee held 2 meetings during the reporting period to review the company's accounting principles and practices, including the final audited financial results for the year ended December 31, 2017[199]. - The Audit Committee monitored the effectiveness of the company's risk management and internal control functions throughout 2018[199]. - The Board has established four committees: Audit Committee, Remuneration Committee, Nomination Committee, and Investment Committee, each with specific written terms of reference[196]. - All directors have full access to company information and may seek independent professional advice at the company's expense[184]. - The independent non-executive directors ensure high standards of regulatory reporting and provide effective independent judgment on corporate actions[184]. - The company has arranged appropriate insurance coverage for directors and officers against legal actions arising from corporate activities, reviewed annually[188]. - Directors are encouraged to participate in continuous professional development to keep their knowledge and skills updated[191]. - The company distributed materials on the latest developments in the Listing Rules and provided relevant reading materials to directors during the reporting period[192]. Investment and Market Position - The company is considering strategic acquisitions to enhance its market position, with a budget of $100 million allocated for potential deals[150]. - The company is investing in new technology development, allocating $50 million for R&D initiatives[150]. - Market expansion plans include entering two new international markets by Q3 2024[150]. - New product launches are expected to contribute an additional $200 million in revenue over the next year[150]. - The company provided an optimistic outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[150]. - User data showed a growth in active users, reaching 5 million, which is a 20% increase compared to the previous year[150]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs by the end of the fiscal year[150]. - Customer satisfaction ratings improved to 90%, reflecting a 5% increase from the previous year[150].

Financial Performance - For the financial year ended 31 December 2018, the Group's profit attributable to equity shareholders was approximately RMB36.6 million, representing an increase of approximately 50.6% compared to RMB24.3 million in 2017[22]. - The Group's revenue for the year ended 31 December 2018 was approximately RMB61.7 million, a decrease of approximately RMB5.0 million from RMB66.7 million in 2017, primarily due to no non-recurring revenue from sales of residential properties in 2018[22]. - Rental income from the property leasing business increased to approximately RMB43.5 million in 2018, up from RMB39.5 million in 2017, attributed to an increase in new tenants and higher monthly rents[26]. - Revenue from property management services was approximately RMB18.3 million for the year ended 31 December 2018, down from RMB20.4 million in 2017, due to a decrease in non-recurring value-added services income[33]. - The basic earnings per share for the year ended 31 December 2018 was approximately RMB0.08, compared to RMB0.07 for the corresponding period in 2017[22]. - The increase in profit was mainly due to higher revenue from property leasing, valuation gains on investment properties, and a reduction in administrative expenditure[22]. Property and Investment - The total value of investment properties was RMB900.9 million as of 31 December 2018, an increase from RMB876.6 million in 2017, with a valuation gain of approximately RMB33.8 million in 2018 compared to RMB18.6 million in 2017[35]. - The average occupancy rate for commercial properties increased to 83% in 2018 from 76% in 2017, with total rental income from commercial properties reaching RMB42.8 million, up from RMB38.8 million in 2017[29]. - Total gross floor area (GFA) under management increased by 13% to approximately 59,078 sq.m. in 2018, compared to 52,236 sq.m. in 2017[33]. - The Group's property portfolio includes three commercial buildings and residential properties, with a total GFA of approximately 89,771 sq.m.[29]. - The Group plans to focus on the United Kingdom as its primary overseas investment destination, capitalizing on the current lower exchange rate of the British pound[40]. - The Group is seeking quality investment projects in the PRC and plans to collaborate with China Everbright Group to develop high-quality properties[41]. Financial Position - As of December 31, 2018, the total equity of the Group was approximately RMB 879.1 million, an increase from RMB 719.3 million as of December 31, 2017[46]. - The Group maintained cash and cash equivalents of approximately RMB 181.3 million as of December 31, 2018, compared to RMB 42.4 million as of December 31, 2017[46]. - The net current assets of the Group were approximately RMB 166.7 million as of December 31, 2018, up from RMB 26.3 million in the previous year[46]. - The gearing ratio of the Group was 3% as of December 31, 2018, down from 4.5% as of December 31, 2017[46]. - The Group's outstanding bank loans were approximately RMB 26.5 million as of December 31, 2018, a decrease from RMB 32.5 million as of December 31, 2017[46]. Management and Governance - The company expressed gratitude to its employees for their efforts in maintaining growth and to shareholders for their support[18]. - The management is closely monitoring uncertainties in domestic and international markets due to Sino-US trade frictions and global economic growth challenges[17]. - The management is adopting a prudent and responsible approach to navigate changes in the investment market[17]. - The company maintains a strong governance structure with various committees, including investment and nomination committees, to guide its strategic initiatives[92]. - The board includes members with extensive experience in international economic and cultural exchange, enhancing the company's strategic positioning[93]. Corporate Strategy - The company aims to enhance the value of its properties and operating profits in its main business areas, including property investment and management services[15]. - The Group plans to invest in capacity expansion and suitable investment projects to capitalize on potential growth in the coming years[64]. - The company is committed to expanding its property management and investment portfolio, leveraging the expertise of its senior management[92]. - The company has invested $50 million in research and development for new technologies aimed at improving operational efficiency[150]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by the end of the next fiscal year[150]. Employee Relations - The Group maintains a good relationship with its employees and has not experienced significant labor disputes[83]. - Total staff costs, including Directors' emoluments, were approximately RMB18.7 million for the year, an increase from RMB16.8 million in 2017[81]. - The Group employed 134 full-time employees as of 31 December 2018, down from 156 in 2017[81]. Board Composition and Meetings - The Board currently consists of two executive directors, two non-executive directors, and four independent non-executive directors, indicating a strong independence element in its composition[157]. - The company held four board meetings and one general meeting during the reporting period, meeting the requirement of at least four regular board meetings per year[163]. - All independent non-executive directors have confirmed their independence in accordance with the guidelines set out in Rule 3.13 of the Listing Rules[173]. - The Audit Committee held 2 meetings during the reporting period to review the company's accounting principles and practices, including the final audited financial results for the year ended December 31, 2017[199]. - The Board has established four committees: Audit Committee, Remuneration Committee, Nomination Committee, and Investment Committee, each with specific written terms of reference[196].