Financial Performance - Zhenro Services Group reported a revenue of HK$XXX million for the six months ended June 30, 2021, representing a year-on-year increase of XX%[7] - The company achieved a net profit of HK$XXX million during the reporting period, reflecting a growth of XX% compared to the previous year[7] - The Group's revenue increased by 54.2% to RMB684.2 million compared to RMB443.7 million in the same period last year[30] - Profit for the period was RMB102.7 million, representing a 69.4% increase from RMB60.7 million in the same period last year[33] - Profit attributable to owners of the parent was RMB101.1 million, up 69.6% from RMB59.6 million in the same period last year[33] - Total revenue for the Group reached approximately RMB684.2 million in the first half of 2021, representing a growth of approximately 54.2% compared to RMB443.7 million in the same period of 2020[97] - Gross profit for the same period was RMB 237,803,000, representing a gross margin of 34.8%[200] - Profit before tax increased to RMB 140,921,000, up 60.6% from RMB 87,726,000 in the prior year[200] - Earnings per share attributable to ordinary equity holders was RMB 0.10, compared to RMB 0.08 for the same period last year[200] Business Expansion and Strategy - User data indicated an increase in service contracts, with a total of XXX contracts signed, up by XX% from the previous period[7] - The company provided a positive outlook, projecting a revenue growth of XX% for the next fiscal year based on current market trends and expansion strategies[7] - The company plans to expand its market presence by entering into new regions, targeting a XX% increase in market share over the next two years[7] - Zhenro Services is considering strategic acquisitions to bolster its service offerings, with potential targets identified in the market[7] - The Group established long-term cooperation with local governments to expand urban service sectors[44] - The Group is focused on deepening engagement in four key regions and actively expanding new business paths[48] - The Group aims to enhance service quality guided by property owners' needs to improve its industry position and brand value[48] - The Group's strategic focus on expanding management coverage area has led to rapid growth in both contracted and managed GFA[61] Service Development - The company has launched a new service line, which is expected to contribute an additional HK$XXX million in revenue within the first year[7] - Revenue from value-added services to non-property owners reached RMB 242.5 million, a year-on-year increase of 53.6%[46] - Revenue from community value-added services achieved RMB 115.2 million, a year-on-year increase of 90.7%[46] - The Group's community value-added services include home-living services, car park management, and common area value-added services[90] - The Group plans to promote the construction of "smart communities" and develop diversified value-added services[50] Financial Position and Cash Flow - Zhenro Services reported a strong cash flow position, with cash reserves of HK$XXX million, providing a solid foundation for future investments[7] - The Group's borrowings amounted to RMB83.8 million, an increase from RMB27.4 million as of December 31, 2020[132] - The Group's debt to asset ratio was 0.06 times as of June 30, 2021, up from 0.02 times as of December 31, 2020, indicating a significant increase in leverage[134] - The Group's principal use of cash during the reporting period was for working capital and acquisitions, primarily funded from operational cash flow and IPO proceeds[132] Operational Efficiency - The implementation of a three-tier service system included 111 service points to enhance customer experience[43] - The establishment of a membership management system has improved customer experience and operational efficiency[46] - Talent upgrading strategies have been formulated to optimize talent structure and improve per capita efficiency[51] - The Group's cost of sales for the reporting period was approximately RMB446.4 million, an increase of about 54.8% compared to RMB288.4 million in the same period of 2020[106] - Administrative expenses rose by approximately 39.4% to RMB89.0 million from RMB63.9 million in the same period of 2020, but accounted for a lower percentage of revenue at 13.0%[115] Corporate Governance and Management - The company is managed by a board of directors, including Mr. Lin Xiaotong as the Chief Executive Officer[19] - Ernst & Young serves as the auditor for the company[21] - The Group has conditionally adopted a Share Option Scheme to incentivize employees and promote long-term growth[143] - The Company has adopted the Corporate Governance Code and has complied with all applicable code provisions throughout the reporting period[162][163]. Shareholder Information - Zhenro Properties Group Limited's stock code is 6958, and it is listed on the Hong Kong Stock Exchange[24] - As of June 30, 2021, Mr. ZR Ou holds 656,348,500 shares, representing approximately 63.26% of the Company's interests[169]. - As of June 30, 2021, Mr. GQ Ou holds 57,712,500 shares, representing approximately 5.56% of the Company's interests[169].

Company Overview - Zhenro Services Group Limited was incorporated in the Cayman Islands on December 17, 2018, and its shares are listed on the Stock Exchange with stock code 6958[6]. - The company held its Annual General Meeting on June 18, 2021[5]. Financial Performance - The financial summary includes consolidated statements of profit or loss, comprehensive income, financial position, changes in equity, and cash flows[2]. - The company reported a total revenue of approximately $X million for the year ended December 31, 2020, representing a Y% increase compared to the previous year[24]. - Zhenro Services Group Limited reported a significant increase in revenue, achieving a total of HKD 1.2 billion for the fiscal year, representing a year-on-year growth of 15%[136]. - For the year ended 31 December 2020, the Group's revenue increased by approximately 54.0% to RMB1,102.8 million compared to RMB716.2 million for the corresponding period of 2019[138]. - Gross profit reached RMB383.4 million, representing a 56.8% increase from RMB244.5 million in 2019, with a gross profit margin of 34.8%[138]. - Profit for the year was approximately RMB175.2 million, a 60.5% increase from RMB109.2 million in 2019, with a net profit margin of approximately 15.9%[138]. Impact of COVID-19 - The company reported a significant impact from COVID-19 on its operations, affecting overall performance[8]. Strategic Initiatives - The company aims to expand its market presence and enhance its service offerings in the coming years[2]. - The company has plans for new product development and technological advancements to stay competitive in the market[2]. - The company is focused on strategic acquisitions to bolster its growth and market share[2]. - The company is actively pursuing market expansion strategies, targeting D new regions for growth in the upcoming year[24]. - A strategic acquisition was completed during the reporting period, enhancing the company's capabilities in E key areas[24]. - The company has implemented new operational strategies aimed at improving efficiency, which are expected to reduce costs by F%[24]. - The management emphasized the importance of technology advancements, with an investment of G million in R&D to foster innovation[24]. - The company is committed to leveraging its experienced management team to drive future growth and operational efficiency[101]. Market Recognition - The company ranked 19th in the 2020 China Top 100 Property Management Companies[73]. - The company was recognized as one of the Top 10 Property Management Companies in terms of Growth in 2020[77]. - The company received the Best IPO Award in 2020 from Gelonghui Greater China[73]. - The company was awarded the Most Valuable Investment Award at the 3rd China Real Estate Capital Summit in 2020[73]. - The company was named a Model Member Unit by the Fujian Province Property Management Association in 2020[73]. - The company achieved recognition as an Advanced Property Service Enterprise in Hunan Province[73]. - The company was awarded the 2020 Shanghai Excellent Property Management Demonstration Project for Hongqiao Zhenro Center[81]. - The company was recognized for its Advanced Epidemic Prevention and Control Project in Wuhan City[85]. - The company was acknowledged for its Outstanding Featured Service Projects of Property Enterprises in Jiangsu Province[79]. - The company was listed among the Top 30 Property Management Companies for Superior Service Capabilities in 2020[77]. Leadership and Management - Mr. Kang joined Zhenro Property Group in October 2018 and has held various senior management positions, including CFO and general manager of the strategic operation center[98]. - Zhenro Group's financial management and strategic operations are overseen by Mr. Kang, who has extensive experience in financial management across multiple corporations[98]. - The company has a strong leadership team with over 20 years of experience in the PRC real estate industry, led by Mr. Huang, who has been with Zhenro Group since 2014[101]. - Zhenro Group's strategic focus includes overall investment strategy management and business development, as indicated by Mr. Huang's roles[101]. - The management team includes members with significant experience in investment banking and financial management, contributing to robust financial oversight[109]. User and Customer Metrics - User data showed an increase in active users by Z%, reaching a total of A million users by the end of the reporting period[24]. - Customer satisfaction ratings have improved, with a reported increase of 15% in positive feedback from users[136]. - The company has expanded its user base, now serving over 500,000 customers, which is a 20% increase compared to the previous year[136]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of B% driven by new product launches and market expansion initiatives[24]. - Future outlook indicates a projected revenue growth of 10% for the next fiscal year, driven by new service offerings and market expansion strategies[136]. Operational Efficiency - The company has implemented new operational strategies aimed at improving efficiency, which are expected to reduce costs by F%[24]. - The Group's strategy focuses on rapid expansion of management coverage area, achieving significant growth in both contracted and managed GFA[169]. - The Group plans to enhance operational efficiency by strengthening digital construction and improving data management capabilities[156]. Value-Added Services - Revenue from value-added services to non-property owners was RMB415.3 million, a year-on-year increase of 58.4%, while community value-added services achieved revenue of RMB200.7 million, a year-on-year increase of 79.7%[146]. - The Group's community value-added services aim to improve customer living experiences and enhance property value[166]. - The increase in revenue from value-added services is attributed to a surge in demand from property developers for various services[186].

Company Recognition and Awards - Zhenro Services Group Limited ranked 19th in the "Top 100 Property Service Enterprises in China 2020" and received recognition for "Top 100 Property Service Enterprises in Terms of Satisfaction"[11] - The project "Hongqiao Zhenro Mansion" was awarded the title of "Model Base in the China Property Service Industry in 2020"[11] - The company was recognized as the "Considerate Manager in Property Management in China in 2020" during the "Oscar of Real Estate Times in China" event[10] - The Group was ranked 19th among the 2020 Top 100 Property Management Companies in China, indicating improved overall strength[28] Financial Performance - The Company reported an interim revenue of HK$XXX million for the six months ended June 30, 2020, representing a year-on-year increase of XX%[19] - The Group's revenue increased by 50.1% to RMB443.7 million compared to RMB295.6 million for the same period last year[23] - Profit and total comprehensive income for the period was RMB60.7 million, representing an increase of 102.7% compared to RMB29.9 million for the same period last year[26] - The profit attributable to owners of the parent was RMB59.6 million, a 106.8% increase from RMB28.8 million for the same period last year[26] - Revenue for the first half of 2020 reached approximately RMB443.7 million, a 50.1% increase from RMB295.6 million in the same period of 2019[97] Revenue Growth and Projections - The Company expects to achieve a revenue growth of XX% for the full year 2020, driven by new product launches and market expansion strategies[19] - Revenue from value-added services to non-property owners was RMB157.8 million, a year-on-year increase of 90.7%[38] - Community value-added services achieved revenue of RMB60.4 million, a year-on-year increase of 24.6%[38] - Revenue from property management services was approximately RMB225.4 million, accounting for 50.8% of total revenue, with a growth rate of 37.2% compared to the previous year[99] Market Expansion and Business Development - The Company plans to expand its market presence in Southeast Asia, targeting a XX% increase in market share by the end of 2021[19] - The Group expanded its business coverage to 37 cities and increased the number of projects under management to 165[31] - The number of contracted projects increased to 258, up 11.2% from the previous year[68] - The Group's geographic presence expanded to 37 cities in China as of June 30, 2020[76] Operational Efficiency and Cost Management - The gross profit margin for the reporting period was XX%, indicating an improvement from the previous year[19] - The Group's cost of sales as a percentage of total revenue decreased to 65.0%, down 5.1 percentage points from 70.1% in the same period of 2019[43] - The Group's operational efficiency and cost control measures are expected to support sustainable profit generation in the future[43] - The Company is implementing cost-cutting measures aimed at reducing operational expenses by XX% in the next fiscal year[19] Investment and Development - The Company is investing in the development of new technologies, with a budget allocation of HK$XXX million for R&D in 2020[19] - The Group continued to invest in digital transformation, upgrading more than ten special parking lots with digital vehicle barriers to improve operational efficiency[42] - 27.5% of the net proceeds from the Global Offering is allocated for the acquisition of and investment in other property management companies, to be fully utilized before December 31, 2021[167] - 20.0% of the net proceeds is designated for the development of the Group's information management system, to be fully utilized before December 31, 2022[167] Shareholder Information and Corporate Governance - The Board resolved not to declare interim dividends for the six months ended June 30, 2020[27] - The company has adopted the principles and code provisions of the Corporate Governance Code effective from the Listing Date[175] - All applicable code provisions of the Corporate Governance Code have been complied with from the Listing Date to the date of the interim report[176] - The Share Option Scheme was conditionally approved on June 15, 2020, and aims to motivate and retain employees, promoting the long-term growth of the Company[198] Employee and Staff Information - The Group had approximately 4,268 employees as of June 30, 2020, down from approximately 4,496 employees as of December 31, 2019[159][160] - Total staff costs during the reporting period were approximately RMB198.7 million, compared to approximately RMB161.4 million for the six months ended June 30, 2019[159][160] Financial Ratios and Liabilities - As of June 30, 2020, the Group's liabilities to asset ratio was 70.5%, a decrease of 5.3 percentage points from 75.8% as of December 31, 2019[146][152] - The gearing ratio as of June 30, 2020, was approximately 0.10 times, down from approximately 0.16 times as of December 31, 2019[147][153]