Financial Performance - Zhenro Services Group reported a revenue of HK$1.2 billion for the fiscal year ended December 31, 2024, representing a year-on-year increase of 15%[4]. - The company achieved a net profit of HK$300 million, which is a 10% increase compared to the previous year[4]. - The Group's revenue for the reporting period was approximately RMB 1,113.9 million, remaining stable compared to RMB 1,145.5 million in the same period of 2023[24][27]. - The Group reported a loss of approximately RMB 235.4 million, an increase from a loss of approximately RMB 81.9 million in the same period of 2023[24][27]. - The loss attributable to owners of the parent was approximately RMB 235.9 million, compared to a loss of approximately RMB 81.2 million in the same period of 2023[24][27]. - Total revenue for the Group amounted to approximately RMB 1,113.9 million for the year ended 31 December 2024, remaining stable compared to RMB 1,145.5 million in the same period of 2023[89]. - Gross profit decreased by approximately 4.8% to RMB232.9 million, with a gross profit margin of 20.9%, down 0.5 percentage points from 21.4% in 2023[98]. - Other income and gains increased by approximately 46.2% to RMB23.2 million, primarily due to one-off recognition of gain on right-of-use assets for commercial sublease projects[101]. - Revenue from property management services reached approximately RMB830.3 million, accounting for 74.5% of total revenue, with a growth rate of 4.0% compared to 2023[91]. - Revenue from community value-added services increased by 3.1% to approximately RMB148.4 million for the year ended 31 December 2024, compared to RMB143.9 million in the same period of 2023, accounting for 13.3% of total revenue[79]. Market Expansion and Strategy - The company has set a revenue guidance of HK$1.5 billion for the next fiscal year, projecting a growth rate of 25%[4]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[4]. - The company aims to focus on prime regions and expand into core cities such as Shanghai, Nanjing, Suzhou, Fuzhou, and Nanchang to enhance management coverage[31][33]. - The company is exploring segments with significant growth potential, including commercial and office buildings, schools, finance, and rail transit[31][33]. - The company aims to continue expanding its market share and business presence in China through its four business lines[56]. - The Group's geographic presence expanded to 50 cities in China as of December 31, 2024[64]. - The company is expanding its market presence in key regions such as the Yangtze River Delta, Pearl River Delta, Beijing-Tianjin-Hebei, and Chengdu-Chongqing, targeting large-scale commercial complexes and urban services[47]. Technology and Innovation - Zhenro Services is investing HK$200 million in new technology development aimed at enhancing service efficiency and customer experience[4]. - The management emphasized a strategic shift towards digital transformation to improve operational efficiency and customer engagement[4]. - The company aims for a 30% improvement in service efficiency through the integration of digital operations and the application of AI technologies[46]. - The company is focusing on enhancing customer experience through digital transformation initiatives[175]. Corporate Social Responsibility and Sustainability - The company is focusing on sustainability initiatives, with a target to reduce operational carbon emissions by 15% over the next three years[4]. - The company is committed to corporate social responsibility, conducting convenience and public welfare activities, which has led to increased customer satisfaction[34]. - The company launched the "Healthier Zhenro's Communities" program, integrating traditional Chinese culture and enhancing community engagement through door-to-door services in collaboration with JD.com Service+[36]. Organizational Structure and Human Resources - The organizational structure has been optimized to enhance independent operation capabilities in property management and commercial operations, with a focus on efficient decision-making and project management[39]. - The Group will enhance its employee training program using both internal and external resources to strengthen employee skill sets[147]. - Remuneration policies for staff are aligned with industry peers, with discretionary performance bonuses awarded based on contributions[148]. - As of December 31, 2024, the Group had approximately 3,270 employees, a decrease from approximately 3,485 employees as of December 31, 2023[146]. Risks and Challenges - Major risks include the inability to achieve planned future growth and challenges in securing new property management service agreements[200]. - The company faces uncertainties related to government policies and regulations affecting property management services in China[200]. - There are risks associated with rising raw material prices and labor costs impacting the company's operations[200]. - The management discussion and analysis section includes key financial performance indicators for the year[199]. Leadership and Governance - Mr. Wang Wei was appointed as an executive Director on July 1, 2023, and has been with Zhenro Commercial Management since March 2016[161]. - Mr. Liu Weiliang has over 16 years of experience in the real estate industry and was appointed as a non-executive Director on November 11, 2022[165]. - Ms. Wei Qin was appointed as an independent non-executive Director on December 31, 2024, bringing over 20 years of professional experience in auditing and restructuring[170]. - The company has multiple independent non-executive directors with extensive backgrounds in various industries, including real estate and financial technology[185]. - The company has a strong emphasis on independent oversight through its audit and remuneration committees[187].

Revenue Performance - The group's revenue for the year ended December 31, 2024, was approximately RMB 1,113.9 million, remaining relatively stable compared to RMB 1,145.5 million in the same period of 2023[2] - Property management services remained the largest revenue source, generating approximately RMB 830.3 million, accounting for about 74.5% of total revenue, with a year-on-year growth of approximately 4.0%[2] - Total revenue, including other income, for 2024 is RMB 1,113,933,000, down from RMB 1,145,503,000 in 2023, reflecting a decline of 2.8%[39] - Revenue from property management services in 2024 is RMB 830,266,000, an increase from RMB 798,346,000 in 2023[40] - Revenue recognized over time for property management services is RMB 940,510,000 in 2024, compared to RMB 970,674,000 in 2023, indicating a decrease of 3.1%[40] - Customer contract revenue for 2024 is RMB 1,065,245,000, a decrease of 2.0% from RMB 1,095,253,000 in 2023[39] Financial Loss and Profitability - The group reported a loss of approximately RMB 235.4 million for the year ended December 31, 2024, compared to a loss of RMB 81.9 million in the same period of 2023[3] - The total gross profit for the year was approximately RMB 232.9 million, a slight decrease of about 4.8% from RMB 244.7 million in 2023[2] - The company's gross profit was approximately RMB 232.9 million, down 4.8% from RMB 244.7 million in the previous year, resulting in a gross margin of 20.9%, slightly down from 21.4%[79] - The basic loss per share attributable to ordinary shareholders was RMB 0.227, compared to RMB 0.078 in the previous year[49] Asset and Liability Management - The group's total assets less current liabilities amounted to RMB 984.9 million, down from RMB 1,118.1 million in 2023[6] - The net assets of the group were RMB 844.3 million, a decrease from RMB 1,088.5 million in 2023[7] - The company has a total of RMB 59,670 thousand in borrowings, down from RMB 73,100 thousand in the previous year, indicating a reduction of approximately 18.3%[53] - The company's trade payables decreased by approximately 18.4% to RMB 134.9 million, attributed to a decline in non-owner value-added services[89] - As of December 31, 2024, the company's debt-to-equity ratio stands at 0.07, unchanged from December 31, 2023[94] Dividend Policy - The board of directors has resolved not to recommend the payment of any final dividend for the year ended December 31, 2024[3] - The company did not recommend any interim or final dividends for the reporting period[48] - The company does not recommend any final dividend for the year ending December 31, 2024, consistent with the previous year[102] Operational Insights - The area under management for property management services was approximately 80.3 million square meters, a slight decrease of about 0.6% from 80.8 million square meters in 2023[3] - The company operates four business lines: property management, non-owner value-added services, community value-added services, and commercial operation management, enhancing its competitive advantage[66] - The company expanded its geographical presence to 50 cities in China as of December 31, 2024[70] - The company aims to optimize its property management portfolio by reallocating resources to more profitable contracts[69] Regulatory Compliance and Financial Reporting - The financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) and presented in Renminbi (RMB), with values rounded to the nearest thousand[10] - The consolidated financial statements include the financial results of the company and its subsidiaries for the year ending December 31, 2024[11] - The group reassessed its liability terms and conditions and concluded that the classification of current or non-current liabilities remains unchanged after the adoption of revised IFRS standards[13] - The group will apply the new and revised IFRS standards when they become effective, ensuring compliance with the latest accounting regulations[15] Strategic Initiatives - The company achieved resilient growth in a challenging environment, focusing on quality service and operational efficiency[57] - Expansion efforts are concentrated in key cities such as Shanghai, Nanjing, and Suzhou, with a focus on high-potential sectors like commercial office and healthcare[58] - The company is implementing quality enhancement initiatives, including the "Green Action" and "Bright Action" programs, to improve customer satisfaction and service quality[59] - Organizational restructuring is underway to improve decision-making efficiency and empower regional units, enhancing responsiveness to market demands[61] Employee and Cost Management - The total employee cost for the reporting period was approximately RMB 411.8 million, down from RMB 431.2 million as of December 31, 2023[99] - Administrative expenses decreased by approximately 5.3% to RMB 138.0 million, representing 12.4% of revenue, a slight decrease from 12.7% in the previous year[82] Impairment and Risk Management - The company reported a significant impairment loss on goodwill of RMB 214,777 thousand for the reporting period[45] - There are significant risks associated with the assumptions and estimates that could lead to substantial adjustments in the carrying amounts of assets and liabilities in the next fiscal year[27]

ZHENRO SERVICES GROUP LIMITED 正榮服務集團有限公司 正榮服務集團有限公司 ZHENRO SERVICES GROUP LIMITED Interim Report 2024 中期報告 （於開曼群島註冊成立的有限公司） 股份代號 Stock Code : 6958 (incorporated in the Cayman Islands with limited liability) Interim Report 2024 中期報告 目錄 CONTENTS 2 釋義 Definitions | --- | --- | --- | |-------|--------------------------|------------------------------------------------------------------| | | | | | | | | | 6 | 公司資料 | Corporate Information | | 9 | 主席報告 | Chairman's Statement | | 13 | 管理層討論及分析 | Management Discussio ...

Financial Performance - The group's revenue for the six months ended June 30, 2024, was approximately RMB 548.1 million, a decrease of about 9.6% compared to RMB 606.5 million in the same period of 2023[1]. - The group reported a gross profit of approximately RMB 111.2 million, down about 29.0% from RMB 156.5 million in the same period of 2023[1]. - The group incurred a loss of approximately RMB 14.9 million for the reporting period, compared to a profit of approximately RMB 15.4 million in the same period of 2023[1]. - The group recorded a loss attributable to equity holders of approximately RMB 15.1 million, compared to a profit of RMB 15.4 million in the same period of 2023[50]. - The company's pre-tax loss for the six months ended June 30, 2024, was RMB 15,133,000, compared to a profit of RMB 15,447,000 for the same period in 2023[19]. - The gross profit margin for the reporting period was 20.3%, a decline from 25.8% in the same period of 2023, attributed to market competition and the real estate environment[46]. Revenue Sources - Property management services remained the largest revenue source, generating approximately RMB 411.8 million, accounting for about 75.1% of total revenue, with a year-on-year growth of approximately 2.1%[1]. - Revenue from property management services amounted to RMB 411,758,000, representing the largest segment of total revenue[15]. - The total income from non-owner value-added services was RMB 30,993,000, contributing to the overall revenue[15]. - The company’s community value-added services generated RMB 54,983,000 in revenue during the reporting period[15]. - The company’s management output services accounted for RMB 21,930,000 of total revenue[15]. - Non-owner value-added services revenue decreased by 22.6% to approximately RMB 32.3 million, representing 5.9% of total revenue, down from 6.9% in the previous year[43]. - Community value-added services revenue fell by 35.7% to approximately RMB 62.2 million, accounting for 11.3% of total revenue, compared to 15.9% in the same period of 2023[39]. Assets and Liabilities - Non-current assets totaled approximately RMB 945.96 million as of June 30, 2024, compared to RMB 804.32 million as of December 31, 2023[4]. - Current liabilities amounted to approximately RMB 694.47 million as of June 30, 2024, down from RMB 728.57 million as of December 31, 2023[6]. - The net asset value was approximately RMB 1,071.55 million as of June 30, 2024, compared to RMB 1,088.54 million as of December 31, 2023[6]. - Trade receivables at the end of the reporting period were RMB 272,343,000, down from RMB 309,747,000 at the end of 2023, indicating a decrease of 12.1%[20]. - Trade payables totaled RMB 129,540,000 as of June 30, 2024, compared to RMB 165,434,000 at the end of 2023, reflecting a decrease of 21.7%[21]. - The company's bank borrowings amounted to RMB 69,080,000 as of June 30, 2024, down from RMB 73,100,000 at the end of 2023, a reduction of 5.5%[22]. Dividends and Shareholder Returns - The board resolved not to declare any interim dividend for the six months ended June 30, 2024, consistent with the previous year[1]. - The company did not declare any interim dividends for the reporting period[18]. - The weighted average number of ordinary shares for the calculation of basic and diluted earnings per share remained at 1,037,500,000 shares for both periods[19]. Operational Highlights - The total managed area for property management services was approximately 80.8 million square meters as of June 30, 2024, remaining stable compared to approximately 80.7 million square meters as of December 31, 2023[1]. - The geographical distribution of managed properties expanded to 51 cities in China as of June 30, 2024[36]. - The company successfully secured 9 quality projects, including Suzhou Wumen Wangting Canal Park and Jiangsu Mobile No. 81, enhancing its market competitiveness and expanding its management footprint[28]. - The company aims to continue expanding its managed area steadily through multiple drivers, maintaining its strategic goal[34]. - The company terminated several property management contracts voluntarily to reallocate resources to more profitable contracts, optimizing its property management portfolio[35]. Employee and Governance - As of June 30, 2024, the group had approximately 3,395 employees, a decrease from 3,485 employees as of December 31, 2023, with total employee costs amounting to RMB 236.3 million[61]. - Employee benefits expenses, including salaries and other allowances, decreased to RMB 236,317,000 in 2024 from RMB 240,404,000 in 2023, a reduction of 1.3%[17]. - The company is committed to enhancing employee training programs through both internal and external resources, focusing on key operational areas[61]. - The company has complied with all applicable code provisions of the corporate governance code throughout the reporting period[65]. - The audit committee consists of three members, including independent non-executive directors, ensuring appropriate professional qualifications and financial management expertise[69]. Future Outlook - The company plans to optimize resource allocation and enhance market share and brand influence in the second half of 2024, capitalizing on the recovering global economy[31]. - A multi-dimensional talent development strategy is being implemented to build a high-quality, professional elite team, including training programs for mid-to-senior management[30]. - The company emphasizes the integration of corporate culture and brand image, aiming to make every employee a brand ambassador[31]. - The four business lines of property management, non-owner value-added services, community value-added services, and commercial operation management are expected to drive market share growth and expand business scope in China[33].

Financial Performance - Zhenro Services Group reported a revenue of HK$1.2 billion for the year ended December 31, 2023, representing a 15% increase compared to the previous year[3]. - The company achieved a net profit of HK$300 million, which is a 10% increase year-on-year[3]. - The Group's revenue for the reporting period was approximately RMB 1,145.5 million, showing stability compared to RMB 1,141.3 million in the same period of 2022[22]. - The Group reported a loss of approximately RMB 81.9 million, significantly reduced from a loss of approximately RMB 280.7 million in the corresponding period of 2022[22]. - The loss attributable to owners of the parent was approximately RMB 81.2 million, down from approximately RMB 281.3 million in the same period of 2022[25]. - For the year ended 31 December 2023, the Group's total revenue was approximately RMB1,145.5 million, a slight increase of 0.4% compared to RMB1,141.3 million in the same period of 2022[89]. Growth and Expansion - User data indicates a growth in customer base by 20%, reaching a total of 500,000 users by the end of 2023[3]. - The company has projected a revenue growth of 12% for the upcoming fiscal year, targeting HK$1.34 billion[3]. - The company plans to expand its market presence in Southeast Asia, aiming to enter three new countries by the end of 2024[3]. - A strategic acquisition of a local competitor is expected to be finalized in Q2 2024, which will enhance market share by approximately 5%[3]. - In 2023, Zhenro Services expanded its management coverage by entering 4 large commercial complexes, 2 urban services, and 9 industrial parks, indicating a steady increase in contracted management area[29][31]. - The Group aims to solidify its leading position in core cities of the Yangtze River Delta and expand market share in economically vibrant regions such as the Pearl River Delta and Beijing-Tianjin-Hebei[49]. Operational Efficiency and Cost Management - Zhenro Services is investing HK$150 million in new technology development to enhance service efficiency and customer experience[3]. - The company has implemented cost-cutting measures that are projected to save HK$20 million annually[3]. - The Group's gross profit decreased by approximately 3.2% to RMB244.7 million, with a gross profit margin of 21.4%, down from 22.2% in the previous year[98]. - The cost of sales increased by approximately 1.4% to RMB900.8 million, primarily due to the growing scale of the property management business[97]. - Administrative expenses were approximately RMB145.8 million, a decrease of 7.6% from RMB157.7 million in the previous year, representing 12.7% of total revenue[102]. Technology and Innovation - The company implemented a comprehensive intelligent service reform, launching the "Ronglehui" intelligent customer service system, which improved service efficiency and customer experience[30][32]. - The company plans to increase technology investment, promoting smart operational products like "Ronglehui" and "Rongguanjia" to enhance operational intelligence and service quality[40]. - The Group is committed to increasing investment in technology to improve service quality and operational efficiency through intelligent systems[43]. Sustainability and Corporate Responsibility - The company is focusing on sustainability initiatives, with a goal to reduce carbon emissions by 25% by 2025[3]. - The Group plans to deepen its corporate social responsibility practices through community-oriented public welfare activities[45]. Management and Governance - The management team underwent changes, with Mr. Deng Li appointed as CEO on July 1, 2023, following the resignation of Mr. Lin Xiaotong[13]. - The company emphasized its commitment to high-quality development principles as a key factor in its operational achievements[24]. - The Group's core value of "Integrity Builds Prosperity" and brand philosophy of "Service from the Heart, Happiness for You" guided its strategic decisions during the reporting period[23]. Market Challenges and Resilience - The Group's performance was achieved despite global economic challenges, including geopolitical risks and inflation pressures[23]. - The company faced domestic challenges such as insufficient demand and employment pressures, yet maintained overall stable development[23]. - The Group's operational resilience was highlighted as a significant factor in overcoming various challenges during the year[23]. Employee and Talent Management - Zhenro Services emphasized talent cultivation, enhancing its training mechanisms and optimizing human resources management to create a fair and transparent career development environment for employees[34][36]. - The talent cultivation system will be refined to enhance employee professionalism and service awareness, supporting the Group's high-quality development[44]. - The total staff costs during the reporting period were approximately RMB431.2 million, down from approximately RMB446.3 million as of December 31, 2022[144][146]. - The Group had approximately 3,485 employees as of December 31, 2023, a decrease from approximately 4,197 employees as of December 31, 2022[146]. Geographic and Market Presence - The Group's geographic presence expanded to 55 cities in China as of December 31, 2023[66]. - The Yangtze River Delta Region contributed RMB373.7 million, accounting for 46.8% of total revenue, down from 51.1% in 2022[68]. - The Midwest Economic Region generated RMB166.0 million in revenue, representing 20.8% of total revenue, up from 19.0% in 2022[68]. Financial Position and Liquidity - The Group's liquidity position is closely monitored to ensure it meets funding requirements in the foreseeable future[119]. - The asset-liability ratio improved to 0.07 as of 31 December 2023, down from 0.09 as of 31 December 2022[130]. - As of December 31, 2023, the Group's debt to asset ratio was 0.07 times, a decrease of 0.02 times from 0.09 times as of December 31, 2022[133].

Financial Performance - The company's revenue for the year ended December 31, 2023, was approximately RMB 1,145.5 million, a slight increase from RMB 1,141.3 million in the same period of 2022[3]. - The company reported a gross profit of approximately RMB 244.7 million, a decrease of about 3.2% compared to RMB 252.9 million in 2022[4]. - The net loss for the year was approximately RMB 81.9 million, significantly improved from a loss of RMB 280.7 million in the previous year[4]. - Total revenue for the year 2023 was RMB 1,145,503,000, a slight increase from RMB 1,141,293,000 in 2022, representing a growth of approximately 0.4%[39]. - Customer contract revenue for 2023 was RMB 1,095,253,000, compared to RMB 1,099,036,000 in 2022, indicating a decrease of about 0.3%[39]. - The cost of services provided in 2023 was RMB 557,071,000, up from RMB 525,932,000 in 2022, reflecting an increase of approximately 5.9%[44]. - The company reported a pre-tax loss for 2023, with significant impairments including RMB 59,239,000 for receivables from related parties, compared to RMB 108,836,000 in 2022[44]. - The company's effective tax rate for 2023 was impacted by a total tax expense of RMB 25,340,000, compared to a tax credit of RMB 22,152,000 in 2022[46]. - The loss attributable to equity holders of the parent company decreased to RMB 81.2 million in 2023 from RMB 281.3 million in 2022[94]. Revenue Sources - Property management services remained the largest revenue source, generating approximately RMB 798.3 million, accounting for about 69.6% of total revenue, representing a year-on-year growth of approximately 13.0%[3]. - Non-owner value-added services revenue decreased by approximately 48.7% to RMB 95.7 million, down from RMB 186.5 million in 2022[3]. - Community value-added services revenue was approximately RMB 143.9 million, showing a slight increase of about 0.3% compared to RMB 143.5 million in the previous year[3]. - The Yangtze River Delta region contributed RMB 373.7 million in revenue, accounting for 46.8% of total revenue, despite a slight decrease from the previous year's 51.1%[84]. Assets and Liabilities - The company’s total assets less current liabilities amounted to RMB 1,118.1 million, down from RMB 1,217.1 million in 2022[9]. - The company’s cash and bank balances decreased to RMB 579.1 million from RMB 691.6 million in the previous year[8]. - Trade receivables at the end of the reporting period amounted to RMB 309.7 million, compared to RMB 282.7 million in 2022, with a notable increase in receivables aged one to two years from RMB 36.7 million to RMB 66.7 million[51]. - Trade payables at the end of the reporting period totaled RMB 165.4 million, an increase from RMB 149.5 million in 2022, with payables over one year rising significantly from RMB 4.8 million to RMB 34.7 million[52]. - The debt-to-asset ratio decreased to 0.07 in 2023 from 0.09 in 2022, indicating improved financial stability[104]. Operational Highlights - The total managed building area for property management services was approximately 80.8 million square meters, an increase of about 0.8% from 80.1 million square meters as of December 31, 2022[4]. - The contracted building area as of December 31, 2023, was approximately 109.6 million square meters, an increase of 0.5% from 2022[75]. - The number of contracted projects increased to 468 as of December 31, 2023, while the number of managed projects rose to 384[75]. - The company expanded its business footprint by adding 4 large commercial complexes, 2 city services, and 9 industrial parks during the reporting period[62]. - The group operates in 55 cities across China, indicating significant geographical expansion[77]. Employee and Talent Development - As of December 31, 2023, the group had approximately 3,485 employees, a decrease from 4,197 employees as of December 31, 2022[109]. - Total employee costs for the reporting period were approximately RMB 431.2 million, compared to RMB 446.3 million for the same period in 2022[109]. - The company emphasized talent development and established a comprehensive training system to improve employee professional levels[65]. - The company plans to strengthen employee training programs through internal and external resources[109]. Financial Reporting and Compliance - The financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) and presented in Renminbi (RMB), with values rounded to the nearest thousand[12]. - The consolidated financial statements include the financial results of the company and its subsidiaries for the year ended December 31, 2023[13]. - The group has adopted new and revised IFRS standards during the year, including IFRS 17 on insurance contracts, which may impact future financial reporting[16]. - The group has not applied certain newly issued but not yet effective IFRS standards, indicating a proactive approach to compliance with upcoming regulations[17]. - The financial data presented does not constitute audited accounts for the year ending December 31, 2023, but is extracted from the consolidated financial statements audited by Ernst & Young[122]. Strategic Initiatives - The company plans to enhance its technological investments, focusing on the development of smart operational products to improve service quality and efficiency[67]. - The company aims to optimize its regional layout, particularly in core cities like Shanghai, Nanjing, and Suzhou, while expanding into economically active areas such as the Pearl River Delta and Beijing-Tianjin-Hebei[70]. - The company intends to strengthen its resource allocation towards more profitable contracts to optimize its property management portfolio[76]. - The company emphasizes the importance of high-quality development and aims to create professional, intelligent, and warm products and services[66]. - The company recognizes the potential for growth in both residential and non-residential property markets, driven by supportive national policies[66].

智通财经APP讯，正荣服务(06958)公布，于2023年12月22日，公司的间接全资附属正荣物业服务有限公司拟向吴娜和林霞收购苏州鑫琪瑞电子商务有限公司的100%股权，现金代价人民币110万元。 据悉，目标公司的主要资产为位于中国天津市西青区的天津瑞锦园(住宅物业开发项目)的约1400个左右地下停车位的使用权。 公告称，收购事项可为集团带来投资机会，并利用其于停车场管理的资源，开拓停车代理销售市场份额，并提升其于天津市场的品牌影响力。 ...

Financial Performance - For the six months ended June 30, 2023, Zhenro Services Group reported a revenue of HK$1.2 billion, representing a year-on-year increase of 15%[38]. - The net profit for the same period was HK$300 million, which is a 20% increase compared to the previous year[38]. - The Group's total revenue for the first half of 2023 was approximately RMB606.5 million, which was stable compared to RMB605.8 million in the same period of 2022[83]. - Profit for the Reporting Period was RMB15.4 million, up from approximately RMB9.2 million in the same period of 2022[23][26]. - Profit before tax significantly improved to RMB 32,453,000, compared to RMB 7,441,000 in the previous year, marking a 336.5% increase[194]. - Profit for the period rose to RMB 15,413,000, up 67% from RMB 9,232,000 in the same period last year[195]. - Total comprehensive income for the period was RMB 15,377,000, compared to RMB 9,191,000 in 2022, reflecting a 67.2% increase[195]. Revenue Breakdown - Revenue from property management services for the six months ended June 30, 2023, totaled RMB 403.432 million, compared to RMB 354.967 million for the same period in 2022, indicating a year-on-year increase[63]. - Revenue from value-added services provided to non-property owners decreased by 60.1% to approximately RMB41.7 million in the first half of 2023, down from RMB104.3 million in the same period of 2022, accounting for 6.9% of total revenue[67]. - Revenue from community value-added services increased by 15.1% to approximately RMB96.7 million in the first half of 2023, compared to RMB84.0 million in the same period of 2022, representing 15.9% of total revenue[73]. - Revenue from commercial operational management services was approximately RMB64.7 million during the reporting period[82]. - The Yangtze River Delta region contributed 56.9% of the total revenue from property management services, generating RMB 229.726 million for the six months ended June 30, 2023[63]. User and Project Growth - The total user base reached 1.5 million, reflecting a growth of 10% from the previous reporting period[38]. - The number of property service projects under management increased to 378, with contracted GFA reaching approximately 109.6 million sq.m., a net increase of approximately 0.5 million sq.m. since December 31, 2022[30][32]. - Total GFA under management reached approximately 80.7 million sq.m., representing a net increase of approximately 0.6 million sq.m. since December 31, 2022[30][32]. - The number of commercial operation projects under management reached 33, with a total gross floor area of approximately 1.7 million square meters as of June 30, 2023[82]. Strategic Initiatives - Zhenro Services is actively expanding its market presence, targeting an increase in service coverage by 25% in the next year[38]. - The company is investing HK$100 million in new technology development aimed at enhancing service efficiency and customer experience[38]. - The Group focused on high-growth project types such as commercial offices, public construction, and industrial parks during the Reporting Period[30][31]. - The Group emphasized the integration of digital technology and service quality improvements to achieve steady growth in business scale and operating results[24][28]. - The Group's strategic resource transformation was driven by innovative cooperation models and improved expansion channels[30][31]. Customer Satisfaction and Quality Control - Zhenro Services has reported a significant increase in customer satisfaction scores, now at 85%, up from 80% last year[38]. - The establishment of a quality control team aims to oversee property service quality and standardize evaluation tools for comprehensive monitoring[36]. - In the first half of 2023, Zhenro Services implemented several initiatives to enhance customer satisfaction and brand image, including the development of a new customer service program "Ronglehui" and pilot operations[36]. - The "Rongguang Action" program significantly improved the management level of commercial projects, resulting in a noticeable year-on-year increase in customer flow in the first half of the year[41]. Financial Position and Assets - Trade receivables increased by approximately 36.8% to RMB386.8 million, reflecting the growth in property management service revenue[107]. - Trade payables increased by approximately 28.0% to RMB191.3 million, driven by the growth in business scale and increased subcontracting services[109]. - The Group's borrowings as of June 30, 2023, totaled RMB92.2 million, down from RMB100.1 million as of December 31, 2022[119]. - The Group's debt to asset ratio was 0.08 times as of June 30, 2023, compared to 0.09 times as of December 31, 2022[130]. - As of June 30, 2023, the Group's trade receivables amounted to approximately RMB386.8 million, an increase of approximately RMB104.1 million or 36.8% compared to RMB282.7 million as of December 31, 2022[111]. Corporate Governance - The company has complied with all applicable code provisions set out in the Corporate Governance Code throughout the reporting period[152]. - The company is committed to complying with the Corporate Governance Code and the disclosure requirements in the corporate governance report[167]. - The Audit Committee consists of three members, including independent non-executive directors and has reviewed the interim results for the six months ended June 30, 2023[167]. - The Company has maintained the minimum public float of 25% as required under the Listing Rules[185]. Future Outlook - The company aims to strengthen information technology development and enhance talent training to align with industry trends[47]. - The Chinese government released positive signals in macro policies and the capital market, which are expected to boost domestic consumption and stabilize the market in the second half of 2023[47]. - The property management and commercial management industry is anticipated to face new opportunities, focusing on quality services and products[47]. - Zhenro Services is committed to maintaining high-quality development and improving service quality in response to new market challenges[45].

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。 ZHENRO SERVICES GROUP LIMITED 正榮服務集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6958） 截至二零二三年六月三十日止六個月 之中期業績公告 中期業績及經營摘要 1. 報告期內，本集團收入約人民幣606.5百萬元，較二零二二年同期收入約人 民幣605.8百萬元而言基本持平。 2. 本集團收入主要來自四大業務：(i)物業管理服務；(ii)非業主增值服務； (iii)社區增值服務；及(iv)商業運營管理服務。報告期內，(i)物業管理服 務依然是本集團最大的收入來源，物業管理服務收入達約人民幣403.4百 萬元，佔整體收入的約66.5%，相較於二零二二年同期約人民幣355.0百萬 元，同比增長約13.7%；(ii)非業主增值服務收入達約人民幣41.7百萬元， 佔整體收入的約6.9%，相較於二零二二年同期約人民幣104.3百萬元，同 比減少約60.1%；(iii) ...

Financial Performance - Zhenro Services Group reported a revenue of RMB 1.2 billion for the year ended December 31, 2022, representing a year-on-year increase of 15%[9] - The company achieved a net profit of RMB 300 million, which is a 10% increase compared to the previous year[9] - Future guidance estimates a revenue growth of 12% for the upcoming fiscal year, projecting total revenue to reach RMB 1.34 billion[9] - The company reported a cash flow from operations of RMB 400 million, indicating strong liquidity and financial health[9] - The company reported a loss of approximately RMB 280.7 million for the period, compared to a profit of RMB 177.6 million in the same period last year[22] - The Group's gross profit decreased by approximately 40.9% to approximately RMB252.9 million, with a gross profit margin of 22.2%, down from 32.0% in 2021[87] - The Group recorded a goodwill impairment of approximately RMB228.8 million during the reporting period, compared to RMB nil in 2021, due to fierce market competition and cyclical fluctuations in the real estate market[95] - The net impairment loss on financial assets increased by approximately 359.2% to about RMB126.9 million, attributed to credit risk changes in the real estate industry[89] Market Expansion and Strategy - Zhenro Services Group plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2025[9] - The company is investing RMB 200 million in new technology development, focusing on enhancing service efficiency and customer experience[9] - The Group aims to enhance operational efficiency and service quality through the integration of the "Rongzhantu" management platform and the "Rongzhihui" online service platform, promoting digital transformation[39] - The Group plans to strengthen government collaboration and explore innovative cooperation models to enhance market-oriented expansion capabilities and independent development[43] - The Group's four business lines are expected to support greater market share and expansion in China, focusing on property management services and value-added services[51] Customer and Service Development - User data indicated a growth in customer base by 20%, reaching a total of 500,000 users by the end of 2022[9] - The Group launched a "Happiness Spectrum" product system to enhance service quality across its five major service brands[33] - The Group emphasized the importance of service quality as a lifeline for long-term development, maintaining high standards in product and service quality[33] - Community value-added services were expanded, including initiatives like "Rong Xiang Market" to enhance resource sharing and community engagement[38] - The Group's community value-added services are designed to enhance customer satisfaction and loyalty, contributing to the overall business growth[51] Operational Metrics - The number of property service projects under management increased to 372, with a contracted gross floor area reaching approximately 109.1 million sq.m., representing a net increase of approximately 5.0 million sq.m. from the previous year[32] - The total gross floor area under management reached approximately 80.1 million sq.m., reflecting a net increase of approximately 9.1 million sq.m. compared to the previous year[32] - As of December 31, 2022, the Group's contracted gross floor area (GFA) reached approximately 109.1 million sq.m., with 462 contracted projects, representing increases of 4.8% and 4.1% respectively compared to December 31, 2021[52] - The GFA under management as of December 31, 2022, was approximately 80.1 million sq.m., with 372 projects under management, reflecting increases of approximately 12.9% and 3.9% respectively compared to December 31, 2021[52] Leadership and Governance - The company has a strong leadership team with extensive experience in the real estate industry and finance, enhancing its operational capabilities[171] - The company continues to strengthen its governance structure with experienced professionals in key management roles[171] - The independent directors play a crucial role in maintaining the integrity and transparency of the company's operations[184] - The company has a commitment to enhancing its operational efficiency through experienced leadership in financial and risk management[190] Challenges and Risks - Major risks include the inability to achieve planned future growth and challenges in securing new property management service agreements or renewing existing ones[200] - The group faces uncertainties related to the successful integration of acquired businesses with existing operations[200] - There are risks associated with government policies and regulations affecting property management services in China[200] Employee and Financial Management - The total staff costs during the reporting period were approximately RMB 446.3 million, down from approximately RMB 499.4 million as of December 31, 2021[131] - The Group had approximately 4,197 employees as of December 31, 2022, a decrease from approximately 5,034 employees as of December 31, 2021[131] - The Group's borrowings amounted to RMB100.1 million as of December 31, 2022, down from RMB118.1 million in 2021, with short-term borrowings repayable within one year at RMB85.0 million[112] - The capital debt ratio was approximately 0.09 times as of December 31, 2022, compared to approximately 0.08 times in 2021, indicating a slight increase in leverage[117] Recent Developments - Mr. Huang resigned as chairman of the Board and non-executive Director on January 20, 2023[157] - Mr. Liu Weiliang was appointed as the non-executive Director on November 11, 2022, and became the Chairman of the Board on January 20, 2023[162] - The company has been focusing on strategic management and business development under the leadership of its executive team[157] - The company is listed on the Stock Exchange with the stock code 6158, indicating its presence in the market[190]