格隆汇8月15日丨远洋服务(06677.HK)公告，将于2025年8月27日举行董事会会议，藉以考虑及通过集团 截至2025年6月30日止6个月未经审核中期业绩，及派发中期股息建议(如有)。 ...

遠 洋 服 務 控 股 有 限 公 司（「本 公 司」）董 事 局（「董 事 局」）謹 此 宣 佈 本 公 司 將 於 二 零 二 五 年 八月二十七日（星期三）召開董事局會議，藉以批准本公司及其附屬公司截至二零二五年 六月三十日止六個月的中期業績及其刊發，並考慮派發中期股息（如有），以及處理其他 事項。 承董事局命 遠洋服務控股有限公司 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 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。 董事局會議召開日期 於 本 公 告 日 期，董 事 局 包 括 執 行 董 事 楊 德 勇 先 生、侯 敏 先 生 及 朱 葛 穎 女 士；非 執 行 董 事 崔洪杰先生及翟森林先生；以及獨立非執行董事郭杰博士、何子建先生及梁偉雄先生。 遠洋服務控股有限公司 （於開曼群島註冊成立的有限公司） 股份代號：06677 聯席主席 楊德勇 香港，二零二五年八月十五日 ...

截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 遠洋服務控股有限公司 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 呈交日期: 2025年8月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06677 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | 本月底法定/註冊股本總額： HKD ...

Core Insights - The property management industry is experiencing a significant trend of companies voluntarily exiting projects due to various operational challenges and financial pressures [1][3][5] - The turnover rate of residential property management has increased from 1.7% in 2021 to 3.3% in 2024, indicating a growing willingness among homeowners to change property management companies [7][10] Group 1: Company Exits - China Overseas Property announced its exit from the Ezhou Shuangchuang Star community by August 31, 2025, due to low occupancy rates and high unpaid fees, with a total outstanding amount of 595,900 yuan as of January 2025 [1][4] - Jin Ke Service will withdraw from Chongqing Hengchun Phoenix City by August 31, 2025, citing reduced property fees and legacy issues from developers leading to losses [1][4] - Longfor Property is set to exit Shanghai Su Di Chun Xiao community by August 2025 due to unresolved historical issues causing operational risks [1][4] Group 2: Industry Trends - A report by CRIC shows that from 2021 to 2024, the residential property turnover rate has increased, suggesting a trend where approximately 20,000 residential communities change property management annually [2][7] - Many property management companies, including Wanwu Cloud, Shimao Service, and others, have publicly announced their termination and exit from various projects in their 2024 annual reports [2][3] - The ongoing dissatisfaction among homeowners regarding property services has led to a rise in the number of homeowners seeking to change property management companies [10][11] Group 3: Financial Pressures - The primary reasons for property management companies exiting projects include rising costs, declining collection rates, and insufficient growth in value-added services [5][6] - In 2024, Wanwu Cloud exited 53 residential projects, impacting a saturated income of 286 million yuan, while Shimao Service and others also reported significant areas of project exits [6][5] - Companies are increasingly focusing on high-quality growth, prioritizing high-capacity cities and quality clients, as evidenced by China Overseas Property's increase in new contract amounts in core urban areas [5][6]

Investment Rating - The report maintains a positive outlook on the Hong Kong stock market, indicating a strong risk appetite and suggesting investment opportunities in various sectors, particularly in virtual assets and Web 3.0 [3][10]. Core Insights - The Hong Kong stock market is experiencing a significant increase in risk appetite, with improved asset quality and trading volume, highlighting the value of asset trading platforms [3][10]. - There is a notable uptrend in multiple sectors such as AI, new consumption, and innovative pharmaceuticals, with a particular focus on small and mid-cap stocks in media and consumer sectors [3][10]. - The report emphasizes the ongoing development of virtual assets and the Web 3.0 market, driven by stablecoin policies and recent IPOs, suggesting that more regulatory frameworks will emerge [3][10]. - The trend of Chinese companies returning to Hong Kong for IPOs is gaining momentum, with increased trading of companies like NetEase and Ctrip in the Hong Kong market [3][10]. - The valuation of overseas Chinese assets remains influenced by US-China trade relations and the broader economic environment, necessitating close monitoring of trade policies and domestic economic changes [3][10]. Summary by Sections Education - The K12 education sector maintains high growth, with leading institutions reporting over 20% revenue growth during the winter training period, and an increase in non-academic course retention rates [5][11]. Luxury Goods - The luxury goods market shows slight pressure due to macroeconomic factors, but brands that align with demand trends are performing well, with cautious price increases observed [5][20]. Coffee and Tea Drinks & OTA - Coffee and tea remain key categories for delivery platforms, with strong performance from major brands like Luckin Coffee, which continues to expand its store presence [5][25]. E-commerce - The e-commerce sector faces slight pressure, but major platforms like Alibaba and JD.com are expected to benefit from ongoing promotional activities [5][26]. Streaming Platforms - Music streaming platforms are viewed as high-quality internet assets, with sustained profitability driven by scale effects [5][34]. Virtual Assets & Internet Brokers - The stablecoin leader Circle's IPO saw a 168% increase on its first day, marking a significant event in the virtual asset space [5][38]. Real Estate Transactions - Recent data shows a slight decline in second-hand housing transactions in major cities, suggesting a need for caution in the real estate market [5][50]. Automotive Services - The automotive aftermarket is under pressure, with traditional fuel vehicle service visits declining, while new energy vehicle service visits are increasing [5][45].

5月24日，2025"小公民"活动正式拉开帷幕。远洋集团旗下远洋服务与远洋之帆公益基金会合作的"小公 民成长实践基地"，作为赋能儿童成长的重要公益活动，2025年以"急救知识赋能成长"为主题，带来一 场权威、实用的急救知识课堂，助力儿童健康、全面成长。2025"小公民"首场活动在北京远洋万和公馆 启幕。 由东湖街道大望京社区书记武娜，远洋服务CEO、远洋之帆公益基金会理事侯敏共同揭牌。 远洋服务"小公民成长实践基地"是对儿童成长性关怀的公益实践，搭建集学习、体验、成长于一体的平 台。2025"小公民"活动延袭"公益关爱"基因，持续关注儿童安全教育，赋能儿童健康成长。 知识"充电"，开启趣味学习之旅 现场特邀蓝天救援队的专业队员们，通过生动有趣、寓教于乐的互动方式，为小朋友们带来了实用的急 救知识讲解。 小朋友们在轻松愉快的氛围里，快速掌握急救技能的要点，提高安全意识和自救、互救能力。 动手实操，小手也能"医"起来 通过亲身体验，进一步加深小朋友们对急救技能的理解和掌握。家长们也积极参与其中，与孩子共同完 成任务，增进了亲子间的默契。 "角色"挑战，勇做小小"急救员" 户外急救模拟演练将活动氛围推向高潮。小朋友 ...

Core Viewpoint - The "Yuan Yang Little Citizens" initiative aims to enhance community resilience and children's safety education through the establishment of child-friendly communities, with a focus on emergency knowledge empowerment for growth in 2025 [3][6]. Group 1: Event Overview - The "Yuan Yang Little Citizens" series of activities was officially launched on May 24, with the first event taking place at Yuan Yang Wanhe Mansion in Beijing [1]. - The event was co-hosted by Yuan Yang Services and the Yuan Yang Zhi Fan Public Welfare Foundation, featuring a plaque unveiling by local community leaders and executives [1]. Group 2: Educational Focus - The 2025 theme of the initiative is "Emergency Knowledge Empowerment for Growth," continuing the focus on public welfare and children's safety education [3]. - The event included participation from the Blue Sky Rescue Team, who provided engaging and educational emergency knowledge sessions and outdoor emergency simulation exercises for children [3]. Group 3: Community Impact - Yuan Yang Wanhe Mansion is recognized as a high-end residential community and has received accolades for its property management, serving as a model for community development [6]. - The initiative has expanded to cover 23 cities nationwide, offering safety education courses, disaster prevention drills, health knowledge lectures, and community service activities to foster a caring and safe community environment [6].

Company Overview - As of December 31, 2024, the total contracted gross floor area reached 122.3 million square meters, with 518 managed property projects[10]. - The total managed gross floor area amounted to 92.5 million square meters, including 340 residential communities, 65 commercial properties, and 113 other properties[10]. - The company operates in 86 cities across 28 provinces, autonomous regions, and municipalities in China[10]. - The company’s headquarters is located in Beijing, with a significant operational base in Hong Kong[18]. - The company has a strong presence in Beijing with over 69 managed properties, including shopping centers and office buildings[13]. Financial Performance - Total revenue for the year ended December 31, 2024, was RMB 2,840 million, a decrease of 9% compared to RMB 3,133 million in 2023[21]. - Gross profit declined by 14% to RMB 517 million, with a gross margin of 18%, down 1 percentage point from 19% in 2023[21][24]. - Net profit for the year was RMB 29 million, representing a 28% decrease from RMB 40 million in 2023, maintaining a net profit margin of 1%[21][24]. - The company’s cash resources increased by 18% to RMB 781 million, compared to RMB 661 million in 2023[22]. - The total assets as of December 31, 2024, were RMB 4,023 million, a slight decrease of 0.4% from RMB 4,039 million in 2023[22]. Revenue Breakdown - Property management and commercial operation service revenue increased by 12.4% to RMB 2,210 million, with gross profit margin improving by approximately 9.8 percentage points to 60.6%[25]. - Revenue from residential and other non-commercial property management services increased to approximately 61% of total revenue, amounting to RMB 1,729.3 million, with a year-on-year growth of 2%[36]. - Revenue from the Beijing-Tianjin-Hebei region was RMB 674.2 million, representing 32% of total revenue[76]. - Revenue from commercial property management services for the year ended December 31, 2024, was RMB 353.7 million, reflecting a decline of approximately 30% due to the termination of commercial operation services[82]. Service Offerings - The company provides a variety of community value-added services, including community asset appreciation services and property brokerage services[10]. - The company has expanded its service offerings beyond property management to include pre-delivery services and consulting for property developers[10]. - The company plans to continue expanding its community value-added services, including leak monitoring and repair services[25]. - The company is focusing on community life services, expanding into home services and property management, and launching new self-operated business models such as convenience stores and elderly-friendly renovations[43]. Strategic Initiatives - The group focused on core cities, achieving an 85% share of managed building area located in first- and second-tier cities[41]. - The group enhanced its service quality by implementing a "100-day customer service expert direct access" initiative, improving service personnel's professional capabilities[39]. - The company plans to enhance service quality and establish a comprehensive management system to improve user experience and operational standards[90]. - A strategic upgrade of value-added services aims to increase core competitiveness by focusing on differentiated service offerings and resource integration[91]. Corporate Governance and Compliance - The management team includes experienced executives such as the co-chairman and CEO, ensuring strong governance and strategic direction[18]. - The company emphasizes compliance and governance, continuously improving its governance structure and internal controls to support sustainable development[151]. - The company has established a zero-tolerance policy towards corruption and fraud, implementing various internal control policies to ensure clean operations[152]. - The company maintains a high level of corporate governance, as detailed in its annual report[177]. Social Responsibility and Sustainability - The company is committed to social responsibility, launching community welfare activities and establishing 8 new public service bases in collaboration with a charity foundation in 2024[47]. - The company is integrating sustainable development into its business model, creating a value system that includes green certification premiums and cost savings[45]. - The company has been recognized as a leading enterprise in ESG sustainable development and low-carbon operations in the property management sector for 2024[150]. - The company actively engages in community development and social responsibility initiatives, including various charitable activities in 2024[158]. Employee Welfare - The company prioritizes employee welfare and development, establishing a comprehensive benefits system and clear career development paths[156]. - The company has implemented a full-scale training system to enhance employee skills and promote professional growth[156]. - Employee count decreased to 8,585 as of December 31, 2024, from 9,081 in 2023, with employee benefits expenses at RMB 871 million[126]. Shareholder Relations - The company emphasizes effective communication with shareholders and investors, utilizing various channels such as earnings release meetings and official WeChat accounts to ensure timely and accurate information dissemination[147]. - The company plans to enhance investor relations management by increasing communication frequency and quality to maintain shareholder interests[148]. - The company will continue to publish announcements and reports on its official website to keep investors informed about business developments[148]. Future Outlook - The company plans to utilize the refunded earnest money of RMB 80.0 million for selective strategic investments and acquisitions by June 30, 2025[131]. - The company aims to further expand and diversify value-added services, including exclusive sales rights for parking spaces and investments in upstream and downstream business synergies[130]. - The company will prioritize expansion in core cities while maintaining strict standards for project evaluation and profitability[92].

Core Viewpoint - The property management industry is accelerating its transition to high-quality development amidst a deep adjustment in the real estate sector, as evidenced by the performance of Yuan Yang Services, which reported a revenue of 2.84 billion yuan and a core net profit of 220 million yuan, showcasing strong independent operational capabilities and resilience against risks [1][2]. Business Structure Optimization - Yuan Yang Services has adopted a dual-driven model of "residential + commercial office," with property management services accounting for 73.4% of total revenue, community value-added services at 17.2%, and non-owner value-added services at 9.4% [3]. - The residential and non-commercial property management segment saw a revenue increase of 2% year-on-year to 1.729 billion yuan, contributing approximately 61% to overall revenue, indicating a stable growth driver for the company [3]. Management Scale and Growth Highlights - As of December 31, 2024, the total contracted area reached 122 million square meters, with managed area at 92.5 million square meters, of which 85.3% is located in first- and second-tier cities, reflecting a 0.3 percentage point increase year-on-year [4]. - The proportion of third-party contracted area reached 52.3%, with 81% of new contracted area coming from third parties, indicating strong external expansion capabilities and future growth potential [4]. High-Quality Operations in Commercial Property Management - In 2024, revenue from commercial property management services reached 350 million yuan, accounting for 17% of property management revenue, with 47 commercial projects and 28 office projects signed, totaling a contracted area of 903.9 million square meters [5]. - The company has successfully implemented price increases in three commercial projects, enhancing revenue stability and risk resilience [5]. Cash Flow Improvement - The company reported a positive operating cash flow of 116 million yuan in 2024, a 204% year-on-year increase, with cash and cash equivalents amounting to 761 million yuan, indicating a robust cash position [8]. - The focus on cash flow management and the adjustment of low-quality projects have strengthened the company's cash flow safety net, supporting its long-term development strategy [9]. Shareholder Return Policy - Yuan Yang Services maintained a stable dividend payout ratio of 52% in 2024, reflecting its commitment to long-termism and enhancing investor confidence [10]. Conclusion - Despite the downturn in the real estate sector, Yuan Yang Services has demonstrated strong resilience through business structure optimization, focus on high-quality projects, and effective cash flow management, positioning itself for potential recovery in performance and stock price [11].

Summary of the Conference Call for Yuanyang Services Company Overview - **Company**: Yuanyang Services - **Fiscal Year**: 2024 - **Revenue**: 2.84 billion CNY, a decrease of 9.4% year-on-year [3][15] Key Points Industry and Market Position - **Property Management Revenue**: Increased to 73.4% of total revenue, with third-party revenue reaching 91%, up 6 percentage points year-on-year [3][4] - **Managed Area**: Total contracted area reached 122 million square meters, with managed area at 92.525 million square meters, 85.3% of which is in first- and second-tier cities [3][5] Financial Performance - **Gross Margin**: Decreased by 0.9 percentage points to 18.2%, while community value-added service gross margin increased by 0.9 percentage points to 31.1% [3][7] - **Core Net Profit**: 220 million CNY, with a core net profit margin of 7.8% [3][7] - **Operating Cash Flow**: Positive cash flow of 116 million CNY, a 204% increase year-on-year [3][8] - **Accounts Receivable**: Growth rate decreased by 5.9 percentage points, with strict control over related party receivables [3][8] Business Development - **Third-Party Expansion**: Added 4.786 million square meters of third-party contracts, with 90.4% in core sectors like residential and commercial parks [3][6] - **Community Value-Added Services**: Revenue of 490 million CNY, with a 23.7% increase in community life services [3][11] - **Non-Owner Value-Added Services**: Revenue decreased by 30.1% to 270 million CNY, with a focus on clearing underperforming projects [3][12] Customer Satisfaction and Operational Efficiency - **Customer Satisfaction**: Overall score of 87 in third-party customer satisfaction surveys, with a work order evaluation score of 97 [3][9] - **Operational Adjustments**: Streamlined organizational structure and improved service processes to enhance efficiency [3][9][23] Future Strategies - **2025 Revenue Growth**: Expected to maintain a slight growth of over 3% in original service revenue, with property management services making up 70% of total revenue [3][15] - **Quality Improvement Initiatives**: Focus on enhancing service standards, optimizing customer feedback mechanisms, and improving operational efficiency [3][24][25] - **Third-Party Project Strategy**: Emphasis on high-quality service and strict project selection criteria to ensure profitability [3][26] ESG Initiatives - **Sustainability Efforts**: Implementation of energy-saving measures and community engagement activities to promote a green lifestyle [3][13] Challenges and Market Dynamics - **Market Competition**: The property management industry is shifting towards comprehensive service capabilities, necessitating a focus on quality and cost optimization [3][22] This summary encapsulates the key insights from the conference call, highlighting the company's performance, strategic direction, and market positioning.