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.

Financial Performance - Revenue decreased by approximately 9% to RMB 2,840.0 million (2023: RMB 3,133.2 million), primarily due to the ongoing adverse effects of the macroeconomic environment and a sluggish real estate market[4] - Profit attributable to the company's owners decreased by approximately 31% to RMB 28.9 million (2023: RMB 42.1 million), mainly due to the decline in revenue and operating gross margin, as well as a lack of one-time gains from joint venture investments[4] - The total revenue for the year ended December 31, 2024, was RMB 2,840,029,000, a decrease of 9.4% from RMB 3,133,209,000 in 2023[90] - Gross profit for 2024 was RMB 517,280,000, down 13.4% from RMB 597,739,000 in 2023[90] - Operating profit decreased significantly to RMB 16,559,000 in 2024 from RMB 73,223,000 in 2023, representing a decline of 77.6%[90] - Basic and diluted earnings per share for 2024 were RMB 0.024, down from RMB 0.036 in 2023, reflecting a decline of 33.3%[90] Revenue Breakdown - Revenue from property management services was RMB 2,083.0 million, accounting for approximately 73% of the total revenue[12] - Revenue from residential and other non-commercial property management services accounted for 83% of total revenue in 2024, increasing from 77% in 2023[14] - The total revenue for the property management and commercial operation services segment in 2024 was RMB 2,083,007,000, a decrease of approximately 5.8% from RMB 2,205,842,000 in 2023[14] - Community value-added service revenue was RMB 489.3 million, down approximately 10%, accounting for about 17% of the total revenue[34] - Non-owner value-added service revenue for 2024 was RMB 267.8 million, a decrease of approximately 30% from RMB 382.96 million in 2023, constituting about 10% of total revenue[39] Operational Metrics - For the year ended December 31, 2024, the total contracted gross floor area for property management services was 122.3 million square meters, and the total managed area was 92.5 million square meters, representing a decrease of approximately 10% and 8% compared to December 31, 2023, respectively[4] - The number of contracted property management projects decreased to 578 in 2024, down about 10% from 607 in 2023[16] - The total contracted building area was 122.3 million square meters in 2024, a decrease of approximately 10% from 136.1 million square meters in 2023[16] - The area under management was 92.5 million square meters in 2024, down about 8% from 100.9 million square meters in 2023[16] - The company added a new contracted area of 6.4 million square meters in 2024, with third-party contracts accounting for approximately 81% of the total new contracted area[10] Cost Management - The cost of sales and services decreased by about 8% to RMB 2,322.7 million in 2024 from RMB 2,535.5 million in 2023[50] - Administrative expenses decreased by approximately 16% to RMB 228.6 million in 2024 from RMB 272.9 million in 2023 due to strict cost control measures implemented by the company[58] - Employee benefit expenses for 2024 were RMB 871.3 million, down from RMB 970.9 million in 2023, consistent with the reduction in employee numbers[85] Cash Flow and Assets - The company achieved a net cash flow from operating activities of RMB 115.6 million, an increase of RMB 226.7 million year-on-year[10] - Cash and cash equivalents totaled RMB 761.1 million as of December 31, 2024, with a current ratio of 1.6, unchanged from 2023[76] - Trade receivables and notes receivable decreased by approximately 8% to RMB 1,038.2 million as of December 31, 2024, from RMB 1,123.0 million in 2023[70] - Total assets as of December 31, 2024, were RMB 4,023,075,000, slightly down from RMB 4,039,180,000 in 2023[92] Dividends and Shareholder Returns - The company did not recommend a final dividend for the year ended December 31, 2024, with a payout ratio of 52% including the interim dividend[4] - Total dividends paid for the year amounted to RMB 31,850,000 in 2024, a significant decrease from RMB 146,109,000 in 2023[125] Strategic Initiatives - The company aims to enhance service quality and user experience while focusing on market expansion and optimizing the service standardization system[7] - The company plans to strengthen accounts receivable management to ensure stable cash flow operations and enhance service quality to increase customer satisfaction[8] - The company plans to enhance service quality and establish a comprehensive management system to improve operational standards and customer experience[42] - The focus will be on deepening urban coverage and expanding into non-residential sectors such as hospitals and public facilities while maintaining strict expansion standards[43] Governance and Management - The company announced the appointment of Mr. Hou Min as CEO effective March 24, 2025, with an expected total remuneration of approximately RMB 1.8 million for 2025[150][153] - The company has confirmed compliance with corporate governance codes, with the co-chairman and CEO roles previously held by Mr. Yang De Yong[144][154] - The company is listed on the Hong Kong Stock Exchange under the stock code 06677[156]