Financial Performance - For the year ended December 31, 2022, the company achieved revenue of approximately RMB 11,809.2 million, with a gross profit of approximately RMB 2,719.1 million and a net profit of approximately RMB 1,478.6 million[6]. - The profit attributable to the owners of the company was approximately RMB 1,422.7 million, resulting in a basic earnings per share of approximately RMB 0.13[6]. - The total revenue for the group in 2022 was approximately RMB 11,809.2 million, a decrease of 10.5% compared to RMB 13,193.5 million in 2021[13]. - Property management service revenue reached approximately RMB 9,440.6 million, representing a year-on-year growth of 3.7% due to an increase in managed area[15]. - Revenue from third-party property management services accounted for 79.8% of total revenue, amounting to RMB 9,427.9 million, with a year-on-year growth of 15.9%[11]. - Revenue from community value-added services from third parties was RMB 2,229.9 million, representing an increase of 1.8% year-on-year[11]. - The net profit for the year was approximately RMB 1,478.6 million, with profit attributable to the company's owners at approximately RMB 1,422.7 million[25]. - The company reported a basic and diluted earnings per share of RMB 0.13 for 2022, compared to a loss per share of RMB (0.03) in 2021[152]. Operational Metrics - As of December 31, 2022, the total contracted area managed by the company was approximately 819 million square meters, with an area under management of approximately 500 million square meters, an increase of approximately 27 million square meters compared to the end of 2021[6]. - The company expanded its third-party project management area to approximately 148 million square meters, accounting for about 30% of the total area managed, with new third-party management area representing about 37% of the total new management area[7]. - The total managed area as of December 31, 2022, was approximately 500 million square meters, an increase of about 27 million square meters from 2021[15]. - The total employee cost for the year was approximately RMB 5,329.4 million, with a total of 72,076 employees as of December 31, 2022[38]. Customer Satisfaction and Community Engagement - The company reported a 13.5% year-on-year decrease in customer complaint rates per thousand households, indicating improved customer satisfaction in property services[6]. - The company actively engaged in community support and social responsibility initiatives, including the establishment of nearly 200 party branches and organizing approximately 15,000 community events[7]. - The company provided employment for over 2,400 veterans, receiving recognition for its contributions to social responsibility and employment support in Guangdong Province[7]. Financial Position and Liabilities - As of December 31, 2022, trade receivables were approximately RMB 2,739.0 million, an increase of about RMB 739.3 million from RMB 1,999.7 million in the previous year[29]. - Contract liabilities decreased to approximately RMB 2,688.0 million, down from RMB 3,080.1 million as of December 31, 2021, due to a reduction in prepayments for property service fees[31]. - The group's current liabilities net value as of December 31, 2022, was approximately RMB 3,321.4 million, down from RMB 5,450.2 million on December 31, 2021, resulting in a current ratio of approximately 0.60 times[32]. - The group has approximately RMB 183.0 million in short-term borrowings and RMB 66.7 million in long-term borrowings as of December 31, 2022[32]. - The group has approximately RMB 13.4 billion in pledged deposits that were enforced by relevant banks, indicating significant financial exposure[65]. Governance and Management - The company is committed to independent oversight and management through its audit and nomination committees, ensuring compliance and governance[43]. - The company has a strong board of independent non-executive directors, including Mr. Peng Liaoyuan, who has over 30 years of experience in legal affairs[43]. - The company has established mechanisms for independent professional advice to ensure the board receives unbiased perspectives[50]. - The company has implemented appropriate insurance arrangements for its directors and senior management against legal liabilities[50]. - The company has committed to maintaining high standards of corporate governance, with further details provided in the corporate governance report[128]. Risk Management - The group has established a risk management framework with the board as the decision-making body and designated managers for execution, clarifying responsibilities and reporting lines[59]. - The audit committee continuously monitors the effectiveness of the risk management framework and oversees the management's design and implementation of risk management systems[60]. - The group believes it will have sufficient operating funds to meet its financial obligations until June 30, 2024, provided all measures are successfully implemented[162]. - The volatility of the real estate industry in China and uncertainty regarding creditor support pose significant risks to the group's plans and measures[162]. Shareholder Communication and Dividends - The company has a shareholder communication policy to ensure equal and timely access to company information for shareholders[87]. - The board aims to maintain the current proportion of female members and promote gender diversity in recruitment for senior positions[76]. - The company has adopted a dividend policy to declare dividends annually when circumstances permit, considering distributable profits and financial conditions[81]. - The board of directors has not proposed any final dividend for the year ending December 31, 2022, with no shareholders waiving or agreeing to waive any dividends[95]. Internal Controls and Compliance - The company has established a whistleblowing procedure for employees, customers, and suppliers to report misconduct anonymously[68]. - The company has established procedures to ensure compliance with applicable laws, rules, and regulations, and is aware of compliance in all significant aspects[91]. - The company has confirmed compliance with the standards for securities trading by directors during the year ended December 31, 2022[78]. - The independent auditors have confirmed that there were no issues that would lead them to believe that the related party transactions were not approved by the board or exceeded the respective caps[124]. Strategic Initiatives - The group aims to enhance its market expansion capabilities and focus on a diversified brand development strategy centered around "Jinbi+"[9]. - The group plans to deepen community group purchasing services to improve user consumption experience and increase service penetration and repurchase rates[10]. - The company is focused on enhancing community value-added services, led by Mr. Fang Shun, who has been with the group since 2015[45]. - The company has implemented a smart information platform to enhance online interaction between customers and service staff, improving customer experience and operational efficiency[93].

Financial Performance - The total revenue for the year ended December 31, 2021, was approximately RMB 13,193.5 million, representing a year-on-year growth of approximately 22.4%[12]. - The gross profit for the year was approximately RMB 3,663.9 million[8]. - The company reported a net loss of RMB 388.8 million for the year, compared to a net profit of RMB 2,646.5 million in the previous year[25]. - The gross profit for the year was approximately RMB 3,663.9 million, a decrease of 8.8% year-on-year, with a gross margin of 27.8%[18]. - Total revenue for the year was RMB 13,193.5 million, reflecting a growth rate of 22.4% compared to the previous year[13]. - The company reported a basic and diluted loss per share of RMB (0.03) for 2021, compared to earnings of RMB 0.26 per share in 2020[185]. - The company’s equity attributable to owners was RMB (3,866,551) thousand in 2021, down from RMB 9,845,648 thousand in 2020, reflecting a substantial decrease[188]. - The company’s administrative and marketing expenses for 2021 were RMB 980,053 thousand, compared to RMB 644,951 thousand in 2020, representing an increase of approximately 52%[185]. - The company recorded a loss of approximately RMB 388,794,000 for the year ended December 31, 2021[195]. Revenue Breakdown - Property management service revenue was approximately RMB 9,101.8 million, while community value-added service revenue was approximately RMB 2,288.9 million, together accounting for about 86.3% of total revenue[8]. - Property management services revenue reached RMB 9,101.8 million, a year-on-year increase of 44.0%, accounting for 69.0% of total revenue[14]. - Community value-added services revenue was RMB 2,288.9 million, up 48.9% year-on-year, representing 17.3% of total revenue[15]. - Non-owner value-added services revenue declined to RMB 1,802.7 million, a decrease of 38.3%, making up 13.7% of total revenue[16]. Market Expansion and Strategy - The company plans to accelerate market expansion by leveraging its management scale and professional service capabilities, focusing on high-quality growth through market-oriented project development[11]. - Community value-added services are expected to expand significantly, with a focus on community group buying, family services, home decoration, and insurance brokerage[10]. - The company aims to enhance customer satisfaction and service quality by implementing detailed service standards and promoting employee engagement in service delivery[10]. Corporate Governance - The company emphasizes the importance of high standards in corporate governance to enhance performance and accountability[53]. - The board of directors has adhered to the corporate governance code as per the Hong Kong Stock Exchange rules for the year ending December 31, 2021[53]. - The roles of the chairman and CEO are separated, with Duan Shengli serving as chairman and Hu Liang as CEO, ensuring clear leadership and operational management[57]. - The independent non-executive directors have confirmed their independence in accordance with the relevant regulations[55]. - The company has established appropriate insurance arrangements for its directors and senior management against legal liabilities arising from corporate activities[55]. Risk Management - The management emphasizes the importance of adapting to regulatory changes and the complex real estate market environment to achieve sustainable development in 2022[10]. - The company faced significant operational risks due to industry regulations and potential impacts on its business performance from regulatory changes in China[33]. - The risk management framework was enhanced by establishing a decision-making structure led by the board of directors and senior management[64]. - The company has established a whistleblowing procedure for employees, customers, and suppliers to report misconduct anonymously[77]. Acquisitions and Investments - The company acquired 100% equity of Ningbo Yatai Hotel Property for RMB 1,500 million on January 29, 2021, completing the registration of 80% equity on February 23, 2021[40]. - The company acquired 100% equity of Shenzhen Futian Property for approximately RMB 371.39 million on February 28, 2021, completing the registration on April 19, 2021[41]. - The company acquired 100% equity of Evergrande Insurance Brokerage Co., Ltd. for approximately RMB 39.2 million, completed on April 29, 2021[44]. - The company utilized approximately RMB 1,932.6 million for strategic acquisitions and investments, and approximately RMB 254.1 million to support operations[45]. Financial Position - As of December 31, 2021, the company's total bank deposits and cash amounted to approximately RMB 1,166.8 million, a decrease of about RMB 11,443.8 million from RMB 12,610.6 million on December 31, 2020[32]. - The company's current liabilities net value was approximately RMB 5,450.2 million as of December 31, 2021, compared to RMB 9,594.9 million on December 31, 2020, with a current ratio of approximately 0.4 times[32]. - The company’s total liabilities increased to RMB 10,104,658 thousand in 2021 from RMB 7,251,929 thousand in 2020, marking an increase of about 39.5%[188]. - The company’s cash and cash equivalents decreased to RMB 1,130,154 thousand in 2021 from RMB 10,605,396 thousand in 2020, a decline of about 89.4%[187]. Compliance and Legal Matters - The company ensured compliance with legal and regulatory requirements through regular reviews and monitoring of policies[60]. - The independent investigation committee recommended strengthening existing systems, including establishing independent document management and risk assessment procedures[75]. - The Financial Reporting Council has initiated an inquiry into the company's financial statements for the year ended December 31, 2020, and the six months ended June 30, 2021[146]. Employee and Training Initiatives - The group employed a total of 73,381 employees as of December 31, 2021, with compensation based on individual performance and market salary levels[133]. - The company has implemented comprehensive internal training programs for employees to enhance their professional and service skills[102]. Shareholder Information - The largest percentage of shares held by a major shareholder, Dr. Xu Jiayin, is 58.18%, amounting to 6,290,229,000 shares[119]. - The company has adopted a dividend policy, considering distributable profits, financial condition, and future development goals when declaring dividends[90]. - The company’s distributable reserves as of December 31, 2021, were approximately RMB -6,824.3 million, and no final dividend was recommended for the year[104].

Financial Performance - For the year ended December 31, 2022, the group's revenue was approximately RMB 11,809.2 million, with a gross profit of approximately RMB 2,719.1 million and a net profit of approximately RMB 1,478.6 million[2]. - The group reported earnings attributable to shareholders of approximately RMB 1,422.7 million, with basic earnings per share of approximately RMB 0.13[3]. - The group's net profit for the year 2022 was approximately RMB 1,478.6 million, with profit attributable to the company's owners amounting to approximately RMB 1,422.7 million[73]. - Total revenue for the group decreased from RMB 13,193,464,000 in 2021 to RMB 11,809,176,000 in 2022, a decline of approximately 10.5%[16]. - The gross profit for the year was approximately RMB 2,719.1 million, with a gross margin of 23.0%, down from 27.8% in 2021[68]. Revenue Breakdown - Revenue for property management services was RMB 9,440,560,000 in 2022, an increase from RMB 9,101,820,000 in 2021, representing a growth of approximately 3.7%[16]. - Community value-added services revenue was RMB 2,280,523,000 in 2022, slightly down from RMB 2,288,944,000 in 2021[16]. - Revenue from non-owner value-added services plummeted by 95.1% to RMB 88.1 million due to the liquidity crisis of related parties[65]. - Revenue from community value-added services was RMB 2,280.5 million, representing a slight decline of 0.4% year-on-year[64]. Assets and Liabilities - The group's total assets as of December 31, 2022, amounted to RMB 7,147.8 million, compared to RMB 6,602.1 million in 2021[6]. - Total liabilities decreased from RMB 10,104.7 million in 2021 to RMB 8,660.5 million in 2022[6]. - As of December 31, 2022, the group's net current liabilities and net liabilities were RMB 3,321,357,000 and RMB 1,512,765,000 respectively[10]. - The total liabilities as of December 31, 2022, included net current liabilities of approximately RMB 3,321,357,000 and net debt of RMB 1,512,765,000[52]. Cash Flow and Expenses - The group’s cash and cash equivalents increased from RMB 1,130.2 million in 2021 to RMB 1,568.0 million in 2022[5]. - Total expenses for the year decreased to RMB 9,867,451 thousand in 2022 from RMB 10,509,584 thousand in 2021, a decrease of 6.1%[25]. - Employee benefit expenses decreased to RMB 5,329,374 thousand in 2022 from RMB 5,767,308 thousand in 2021, a reduction of 7.6%[25]. - The current tax expense for 2022 was RMB 428,098 thousand, up from RMB 256,371 thousand in 2021, an increase of 67%[26]. Operational Developments - The total contracted area as of December 31, 2022, was approximately 819 million square meters, with a managed area of approximately 500 million square meters, maintaining a leading position in the industry[2]. - The company expanded its third-party project management area to approximately 148 million square meters, accounting for about 30% of the total managed area, with new third-party management area representing about 37% of the total new management area[55]. - The customer complaint rate decreased by 13.5% year-on-year, indicating an improvement in property service satisfaction[54]. - The company aims to enhance its market expansion capabilities and service quality, focusing on becoming a benchmark in the property service industry in China[56]. Debt and Repayment Plans - The group is actively discussing repayment plans with China Evergrande Group regarding RMB 13.4 billion of occupied funds to protect its interests[2]. - The group is negotiating a repayment plan with China Evergrande for approximately RMB 13,400,000,000 in secured notes, which is expected to have no significant impact on future cash flows[10]. - The group has reached agreements with several creditors to extend repayment periods from one to four years, with further extensions possible if necessary[10]. Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements for the year ending December 31, 2022[88]. - The company's auditor confirmed that the financial data in the performance announcement aligns with the audited financial statements for the year ending December 31, 2022[89]. - The company has adopted the Corporate Governance Code as per the Hong Kong Stock Exchange rules and complied with all applicable provisions for the year ending December 31, 2022[86]. Future Outlook - The company intends to shift its third-party project expansion from "scale" to "efficiency and scale," optimizing project layout and enhancing operational competitiveness[57]. - The company will maintain a prudent operational approach in 2023, focusing on high-quality service capabilities and community value-added business potential[57]. - The company plans to develop a comprehensive service portal focusing on property services and lifestyle services, enhancing customer convenience and satisfaction[56].

Financial Performance - For the year ended December 31, 2021, the group's revenue was approximately RMB 13,193.5 million, with a gross profit of approximately RMB 3,663.9 million, and a net loss of approximately RMB 388.8 million[2]. - The company's total revenue for the year ended December 31, 2021, was approximately RMB 13,193.5 million, representing a year-on-year growth of about 22.4%[81]. - Property management services generated revenue of approximately RMB 9,101.8 million, accounting for 69.0% of total revenue, with a year-on-year increase of 44.0%[82]. - Community value-added services revenue reached approximately RMB 2,288.9 million, representing 17.3% of total revenue, and grew by 48.9% year-on-year[84]. - The overall gross profit for the company was approximately RMB 3,663.9 million, reflecting a year-on-year decrease of 8.8%[87]. - The company reported a net loss of RMB 388.8 million for the year, a shift from a net profit of RMB 2,646.5 million in the previous year, largely due to full impairment provisions for receivables from related parties[93]. Assets and Liabilities - The group's total assets as of December 31, 2021, amounted to RMB 6,602.1 million, a significant decrease from RMB 17,108.5 million as of December 31, 2020[4]. - The total liabilities of the group increased to RMB 10,104.7 million as of December 31, 2021, compared to RMB 7,251.9 million as of December 31, 2020[5]. - As of December 31, 2021, the group's net current liabilities and net debt were RMB 5,450,169,000 and RMB 3,502,530,000, respectively[9]. - The group’s non-current assets increased to RMB 2,681.6 million as of December 31, 2021, from RMB 287.9 million as of December 31, 2020[4]. - The company recognized a goodwill impairment of RMB 593,946 thousand as of December 31, 2021, compared to zero in 2020[38]. Cash Flow and Financial Position - The group's cash and cash equivalents decreased significantly to RMB 1,130.2 million from RMB 10,605.4 million in the previous year[4]. - Cash and cash equivalents totaled RMB 1,166.8 million, a decrease of approximately RMB 11,443.8 million from RMB 12,610.6 million, primarily due to pledged deposits for financing third-party companies[99]. - The company reported significant losses due to liquidity crises related to affiliated parties and a RMB 13.4 billion deposit pledge event, impacting its ability to continue as a going concern[104]. Dividends and Share Capital - The board of directors did not recommend the payment of any final dividend for the year ended December 31, 2021[2]. - The company did not declare or pay any dividends for the years ended December 31, 2021, and 2020[36]. - The company's issued share capital increased to RMB 10,810,811,000 as of December 31, 2021, from RMB 7,060,000,000 in 2020, reflecting a growth of 53.9%[45]. Employee and Operational Metrics - As of December 31, 2021, the company had 73,381 employees, with total employee costs amounting to approximately RMB 5,767.3 million for the year[105]. - Employee benefits expenses increased to RMB 5,767,308 thousand in 2021 from RMB 3,873,885 thousand in 2020, representing a growth of 48.7%[32]. Business Acquisitions and Investments - The company agreed to acquire 100% equity of Evergrande Insurance Brokerage for approximately RMB 39,198,000[14]. - The total acquisition cost for seven property management companies was RMB 2,167,981,000, with identified property management contracts and customer relationships valued at RMB 1,133,376,000 recognized as intangible assets[56]. - The net cash outflow from acquisitions for the year ended December 31, 2021, was RMB 1,101,795,000 after accounting for cash and cash equivalents acquired[59]. Debt and Restructuring Efforts - The group is actively discussing repayment plans with China Evergrande Group regarding RMB 13.4 billion of occupied funds to protect its interests[2]. - The group is negotiating a repayment plan with China Evergrande Group involving approximately RMB 13,400,000,000 in secured notes[9]. - Several creditors have agreed to extend repayment terms from one to four years, which may be further extended if necessary[10]. - The group has entered into restructuring support agreements with creditor groups to facilitate the proposed debt restructuring[70]. Compliance and Governance - The company has appointed new compliance and internal control advisors to ensure adherence to listing rules[116][115]. - An independent investigation committee was established to investigate the deposit pledge event, with findings indicating that approximately RMB 13.4 billion in deposits were enforced by banks due to the triggering of pledge realization conditions[113]. - The audit committee has reviewed the group’s accounting principles and practices, including the audited financial statements for the year ended December 31, 2021[121].

Financial Performance - For the six months ended June 30, 2021, the company achieved revenue of approximately RMB 7,873 million, representing a year-on-year growth of about 68.3%[13] - Gross profit for the same period was approximately RMB 2,939 million, with a year-on-year increase of about 68.7%[13] - Net profit reached approximately RMB 1,934 million, reflecting a year-on-year growth of about 68.6%[13] - Property management service revenue for the period was approximately RMB 4,757.3 million, representing a year-on-year growth of about 68.4%, accounting for approximately 60.4% of total revenue[33] - Community value-added service revenue was approximately RMB 1,138.6 million, a year-on-year increase of about 83.1%, contributing approximately 14.5% to total revenue[34] - Non-owner value-added service revenue was approximately RMB 1,977.5 million, reflecting a year-on-year growth of about 60.6%, accounting for approximately 25.1% of total revenue[37] - The total revenue for the first half of 2021 reached approximately RMB 7,873.4 million, representing a growth of about 68.3% compared to the same period in 2020[57] - The company reported a profit of RMB 1,935,257 thousand for the first half of 2021, a substantial increase from the previous year's profit[141] - The company's profit attributable to owners for the six months ended June 30, 2021, was RMB 1,935,257,000, an increase of 68.6% compared to RMB 1,148,176,000 for the same period in 2020[192] Operational Expansion - The total contracted area managed by the company was approximately 810 million square meters, an increase of about 245 million square meters compared to the end of 2020[13] - The area under management was approximately 450 million square meters, with an increase of about 150 million square meters from the end of 2020[13] - The total managed area as of June 30, 2021, reached 450,236 thousand square meters, representing a 77.2% increase from 254,019 thousand square meters in the previous year[28] - Residential properties accounted for 80.0% of the managed area, with a total of 360,182 thousand square meters, an increase of 43.3% from 251,355 thousand square meters[28] - Non-residential properties saw a dramatic increase of 3,280.4%, growing to 90,054 thousand square meters from 2,664 thousand square meters[28] - The total area managed by third-party developers increased by 128 million square meters compared to the end of 2020, totaling approximately 138 million square meters[32] - As of June 30, 2021, the total contracted area reached approximately 810 million square meters, with a managed area of about 450 million square meters, covering 317 cities across 22 provinces, 5 autonomous regions, and 4 municipalities, including Hong Kong[32] Strategic Initiatives - The company aims to enhance service quality and diversify its offerings to improve customer experience and drive high-quality development[16] - The company is focusing on brand building and optimizing its operations to leverage its market advantages and internal demand potential[16] - The company aims to enhance service quality and innovation to meet diverse customer needs, focusing on a "people-oriented" service approach[17] - The company is committed to a "technology leadership" strategy, leveraging AI, cloud computing, big data, and IoT to enhance property management services[19] - Future plans include a cloud transformation to create a comprehensive smart property management platform, enhancing operational efficiency and customer experience[19] - The company emphasizes a "service-oriented" strategy, focusing on quality improvement and refined services to enhance customer satisfaction[19] - The company is expanding its service offerings to include community group buying, real estate services, home decoration, insurance brokerage, and housekeeping services[22] - The company is focused on diversifying its operations and enhancing its standardized operational system to solidify its leading position in the industry[22] - The company aims to enhance its core competitiveness in the intelligent sector and become a cloud platform provider, focusing on technology-driven property management solutions[50] - The company plans to deepen its community value-added services, targeting areas such as community group buying, real estate services, and home decoration, to improve service penetration rates[54] - The company is committed to expanding its market presence through a diversified layout and enhancing project management density to achieve high growth rates[46] Awards and Recognition - The company received multiple awards, including being ranked as one of the top 2 property service companies in China for 2021[10] - The company has received multiple awards, including being ranked among the top 10 property service companies in China for comprehensive strength and investment value[25] Financial Position - The group's total bank deposits and cash amounted to approximately RMB 14,028.0 million as of June 30, 2021, an increase of approximately RMB 1,417.4 million from RMB 12,610.6 million as of December 31, 2020, driven by significant performance growth and timely collections from customers[90] - As of June 30, 2021, the group's current assets net value was approximately RMB 9,829.4 million, with a current ratio of approximately 1.99 times, down from 2.34 times as of December 31, 2020[90] - The company’s total liabilities as of June 30, 2021, were RMB 4,196,305,000, indicating a growth in financial obligations compared to the previous reporting period[198] - The company’s cash and cash equivalents as of June 30, 2021, were RMB 1,200,000,000, reflecting a strong liquidity position[198] Employee Development - As of June 30, 2021, the group had approximately 81,136 employees, with a focus on enhancing employee skills through various training programs, totaling over 44,000 sessions and 61,000 hours, involving 568,000 participants[110][111] - The company has committed to enhancing employee training and development, with a focus on corporate culture and operational efficiency[115] - The group has established a three-tier training mechanism to improve employee capabilities and align training with business development needs[110] Acquisitions - The group completed the acquisition of 65% equity in Taiyuan Blue Clean Property for RMB 12.35 million on March 8, 2021[101] - The group acquired 100% equity in Ningbo Yatai Hotel Property for RMB 1,500 million, completed on February 23, 2021[102] - The acquisition of Shenzhen Futian Property for approximately RMB 371.39 million was completed on April 19, 2021[103] - The group signed an agreement to acquire 70% equity in Nanchang Tianxiang Property for RMB 29.54 million, completed on March 12, 2021[104] - The acquisition of 70% equity in Wuhan Jiebaili Property for RMB 306.6 million was completed on March 25, 2021[105] - The company acquired several property management companies post-listing, enhancing its service offerings in China[179] - The company acquired seven property management companies for a total cash consideration of RMB 2,413,077,000, with identifiable property management contracts and customer relationships valued at RMB 1,051,169,000 recognized as intangible assets[195] Market Outlook - The property management industry is entering a "golden era" of development, driven by favorable policies and market demand[16] - The management believes that the property service industry will continue to attract significant market attention due to its high growth and certainty[16] - The company aims to become the largest and strongest technology-based urban comprehensive service operator globally, leveraging its market advantages and internal demand potential[55]