Investment Rating - The report suggests a focus on four main investment lines within the securities sector, indicating a positive outlook for the industry [3][4]. Core Insights - The China Securities Regulatory Commission (CSRC) is set to implement a series of measures to deepen the reform of the science and technology innovation sector, which is expected to enhance the vitality of the capital market and benefit the venture capital industry [2][36]. - The report highlights the anticipated growth in the average daily trading volume (ADT) for the Hong Kong Stock Exchange, which reached 2,103 billion yuan, a year-on-year increase of 50% [3]. - The insurance sector is expected to benefit from new regulations on dividend insurance, with the settlement yield cap set at 3.2%, favoring leading companies in the market [4][32]. Summary by Sections Securities Sector - The CSRC's initiatives aim to strengthen the multi-tiered capital market and promote the integration of technological and industrial innovation, which will support science and technology enterprises [2][36]. - The report recommends focusing on specific companies such as Hong Kong Exchanges and Clearing Limited (HKEX) and Sichuan Shuangma, which are expected to benefit from policy catalysts in the venture capital sector [3]. Insurance Sector - New regulations on dividend insurance have been introduced, standardizing the settlement yield cap at 3.2%, which is beneficial for leading insurance companies [4][32]. - The report suggests that the insurance sector may experience a value reassessment, with a focus on low valuation and strong performance in the upcoming quarterly reports [4][42]. Market Review - The report notes that the A-share market has shown mixed performance, with the non-bank financial sector underperforming compared to the broader market [10][14]. - The average daily trading volume in the A-share market was reported at 12,150 billion yuan, reflecting a decrease of 11.4% week-on-week [13]. Data Tracking - The report provides insights into the brokerage business, noting a significant year-on-year increase in new equity fund issuance and a robust performance in the bond underwriting sector [13][27]. - The asset management sector has seen a steady increase, with public non-monetary funds reaching 19.1 trillion yuan, up 1.2% from the previous month [13]. Industry Dynamics - The report emphasizes the importance of long-term capital, including insurance and social security funds, in supporting private equity investments in technology companies [36][37]. - The establishment of foreign-owned insurance asset management companies in Shanghai is highlighted as a significant development in the insurance sector [37].

Financial Performance - Total revenue for the year ended December 31, 2024, was RMB 247.549 million, representing a decrease of 5.6% compared to the previous year[12] - Gross profit for the same period was RMB 57.432 million, with a gross margin of 23.2%, an increase of 6.1 percentage points year-on-year[12] - Net profit attributable to the company's owners for 2024 was RMB 2.941 million, down 68.6% from the previous year[12] - The company recorded revenue of RMB 247.6 million for the fiscal year 2024, with a profit of RMB 7.8 million, resulting in basic earnings per share of approximately RMB 0.08[19] - In the fiscal year 2024, the company's total revenue reached RMB 247.6 million, a decrease of 5.6% compared to RMB 262.4 million in fiscal year 2023[37] - Property management services generated revenue of RMB 196.2 million in fiscal year 2024, an increase of 4.9% from RMB 187.0 million in fiscal year 2023, accounting for 79.2% of total revenue[37] - Non-owner value-added services recorded revenue of RMB 12.7 million in fiscal year 2024, down 65.0% from RMB 36.3 million in fiscal year 2023, representing 5.1% of total revenue[38] - Community value-added services achieved revenue of RMB 18.8 million in fiscal year 2024, a slight increase of 1.1% from RMB 18.6 million in fiscal year 2023, accounting for 7.6% of total revenue[40] - Other businesses, including hotel operations, generated revenue of RMB 19.9 million in fiscal year 2024, a decrease of 2.9% from RMB 20.5 million in fiscal year 2023, representing 8.0% of total revenue[40] Assets and Liquidity - Cash and cash equivalents as of December 31, 2024, amounted to RMB 175.033 million, an increase from RMB 146.695 million in 2023[14] - Current assets reached RMB 511.862 million, up from RMB 465.430 million in 2023, indicating a strong liquidity position[14] - The current ratio improved to 3.27 in 2024, reflecting enhanced short-term financial stability[14] - The company reported a total asset value of RMB 549.592 million as of December 31, 2024[14] Operational Strategy - The company is focusing on expanding its property development and sales, with several properties under development in key locations[16] - Future outlook indicates a strategic shift towards enhancing operational efficiency and exploring new market opportunities[17] - The company plans to invest in new technologies to improve service offerings and customer engagement[17] - The company aims to leverage technology to enhance service standardization and responsiveness, focusing on refined operations and service innovation[19] - The company has established a community business cooperation ecosystem, integrating online and offline resources to enrich community value-added service offerings[22] - The company aims to expand its business scope to include urban services, contributing to the improvement of urban living environments[35] Cost Management - The company's sales costs decreased by 12.6% to RMB 190.1 million in fiscal year 2024, down from RMB 217.4 million in fiscal year 2023, primarily due to reduced demand for non-owner value-added services[41] - The group's total gross profit increased from RMB 44.9 million in FY2023 to RMB 57.5 million in FY2024, representing a growth of 28.1%[42] - The gross profit margin improved from 17.1% in FY2023 to 23.2% in FY2024, an increase of 6.1 percentage points[42] - Property management service gross profit rose by 39.1% from RMB 25.6 million in FY2023 to RMB 35.6 million in FY2024, with a gross profit margin increase from 13.7% to 18.1%[42] - Non-owner value-added services gross profit decreased by 5.4% from RMB 7.4 million in FY2023 to RMB 7.0 million in FY2024, while the gross profit margin increased significantly from 20.4% to 55.1%[42] - Community value-added services gross profit increased by 27.3% from RMB 7.7 million in FY2023 to RMB 9.8 million in FY2024, with a gross profit margin rising from 41.4% to 52.1%[42] Employee and Management - The total employee cost for the reporting period was RMB 607 million, down from RMB 725 million in 2023, with total employees reduced from 575 to 435[67] - The company emphasizes maintaining good relationships with employees and provides diverse training opportunities to enhance employee engagement[138] - The remuneration policy for directors and senior management is based on skills, knowledge, participation in group affairs, performance, and market benchmarks[161] - The company is committed to effective communication with employees and ongoing professional training to meet their long-term goals[138] Corporate Governance - The board has proposed no final dividend for the year ending December 31, 2024[78] - The company maintains a public float of at least 25% of its total issued share capital[85] - The board of directors includes both executive and independent non-executive members, with recent changes in appointments effective January 4, 2024[145] - The company has confirmed the independence of all independent non-executive directors during the reporting period[148] - Major shareholders include Mr. Yu with 2,280,000,000 shares, representing approximately 59.38% of the company's equity[167] Market and Future Outlook - The company has set a future outlook with a revenue guidance of $600 million for the next quarter, indicating a projected growth of 20%[93] - New product launches are expected to contribute an additional $50 million in revenue over the next fiscal year[94] - The company is expanding its market presence, targeting a 30% increase in market share in the next two years[95] - A strategic acquisition is planned, with an estimated value of $200 million, aimed at enhancing service capabilities[96] - The company is investing $10 million in new technology development to improve operational efficiency[97] Environmental and Compliance - The group has adopted strict environmental protection measures to comply with current environmental laws and regulations[130] - The group believes it will not incur significant environmental liability risks or compliance costs due to the nature of its business[131] - The group has no serious violations or non-compliance with applicable laws and regulations during the reporting period[134] Shareholder Transactions - The company has a distributable reserve of RMB 195.8 million as of December 31, 2024[142] - There were no bank borrowings or other loans during the reporting period, aside from lease liabilities disclosed in the financial statements[143] - The company has no significant transactions or contracts involving directors that would affect the group's business during the reporting period[158] - The company has confirmed compliance with the non-competition agreement during the reporting period, as reviewed by independent non-executive directors[185]

Financial Performance - The company achieved revenue of RMB 247.6 million for the fiscal year 2024, a decrease of 5.6% compared to RMB 262.4 million in fiscal year 2023[3]. - The company's net profit for fiscal year 2024 was RMB 7.8 million, a decrease of 35.0% from RMB 12.0 million in fiscal year 2023, primarily due to increased impairment losses on trade receivables[4]. - The company reported a total comprehensive income of RMB 4.6 million for fiscal year 2024, down from RMB 12.9 million in fiscal year 2023[5]. - Basic earnings per share for fiscal year 2024 were RMB 0.08, compared to RMB 0.29 in fiscal year 2023[6]. - The company reported a pre-tax profit of RMB 12.4 million in FY2024, a decline of 27.5% from RMB 17.1 million in FY2023, primarily due to increased impairment losses on trade receivables[76]. - The net profit for FY2024 was RMB 7.8 million, down 35.0% from RMB 12.0 million in FY2023[77]. Revenue Breakdown - Revenue from property management services was RMB 196.2 million, accounting for 79.3% of total revenue, an increase of 4.9% from RMB 187.0 million in the previous year[4]. - Revenue from non-owner value-added services decreased significantly to RMB 12,686,000, down 65% from RMB 36,342,000 in 2023[17]. - Revenue from community value-added services was RMB 18,787,000, slightly up from RMB 18,555,000 in 2023[17]. - Revenue from hotel operations, including room services and food and beverage sales, totaled RMB 18,208,000 and RMB 107,000 respectively, showing a decline from RMB 18,592,000 and RMB 176,000 in 2023[17]. - Property management services generated revenue of RMB 227,659,000, while hotel business services contributed RMB 19,890,000, totaling RMB 247,549,000 for the year ending December 31, 2024[25]. Assets and Liabilities - Total assets less current liabilities amounted to RMB 393.2 million as of December 31, 2024, compared to RMB 393.5 million in the previous year[8]. - The company reported a decrease in total assets for property management from RMB 550,828,000 in 2023 to RMB 535,776,000 in 2024[26]. - The company’s total liabilities decreased from RMB 133,481,000 in 2023 to RMB 123,013,000 in 2024, indicating improved financial management[45]. - As of December 31, 2024, trade and other payables amounted to RMB 1.23 billion, a decrease of 7.9% from RMB 1.34 billion as of December 31, 2023, primarily due to reduced outsourcing services[89]. Cash Flow and Investments - As of December 31, 2024, cash and cash equivalents reached RMB 175.0 million, a year-on-year increase of 19.3% from RMB 146.7 million[4]. - The company has invested RMB 70 million in Huaxia Bank's wealth management products, yielding a total return of approximately RMB 217,000 with an average annualized return rate of 3.33%[95]. - The company has also invested RMB 20 million in ICBC's wealth management products, with a total return of approximately RMB 125,000 and an average annualized return rate of about 2.68%[95]. Impairment and Receivables - The impairment loss on trade receivables increased to RMB 19,824,000 in 2024 from RMB 13,713,000 in 2023[33]. - The company’s trade receivables confirmed bad debt provisions increased to RMB 52,726,000 in 2024 from RMB 32,996,000 in 2023[41]. - Trade receivables from related parties decreased from RMB 129,897,000 in 2023 to RMB 71,114,000 in 2024, while trade receivables from third parties increased from RMB 105,375,000 to RMB 124,163,000[40]. Dividends and Shareholder Returns - The board recommended not to declare any final dividend for the fiscal year 2024, consistent with the previous year[4]. - The company did not recommend any dividends for the years ended December 31, 2024, and 2023[38]. Operational Changes - The total managed building area for property management services decreased to 8.4 million square meters, down approximately 12.5% from about 9.6 million square meters as of December 31, 2023[4]. - The number of managed projects decreased from 58 in 2023 to 52 in 2024, a reduction of 10.3%[50]. - The company plans to enhance service quality through regular employee training and investment in advanced security monitoring systems[59]. - The integration of smart technologies such as IoT and AI is a key focus for improving service efficiency and quality[60]. Future Outlook - The company is currently evaluating the impact of IFRS 18 on future consolidated financial statements[14]. - The company expects that the application of all other new and revised IFRS accounting standards will not have a significant impact on the consolidated financial statements in the foreseeable future[14]. - The company aims to expand its business scope to include urban services, contributing to urban governance and environmental improvement[61]. - Emphasis will be placed on green and energy-efficient management to promote sustainable community development[62].

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 117,602 thousand, a decrease of 13.6% compared to RMB 136,180 thousand in the same period of 2023[6] - Gross profit for the same period was RMB 21,879 thousand, down 20.0% from RMB 27,333 thousand year-on-year[6] - The net profit attributable to owners of the company increased by 18.1% to RMB 5,310 thousand, compared to RMB 4,496 thousand in the previous year[6] - The company achieved revenue of RMB 117.6 million for the first half of 2024, a decrease of 13.7% compared to RMB 136.2 million in the same period of 2023[16] - Non-owner value-added services revenue was RMB 6.8 million, down 64.8% from RMB 19.3 million in 2023, accounting for 5.8% of total revenue[28] - Community value-added services generated RMB 8.6 million, a decline of 18.1% from RMB 10.5 million in 2023, representing 7.3% of total revenue[28] - The company reported a net profit of RMB 4,339 thousand for the six months ended June 30, 2024, a decline of 25.0% from RMB 5,781 thousand in the prior year[80] - The company reported a total segment profit of RMB 5,021,000 for the six months ended June 30, 2024, compared to a profit of RMB 6,785,000 for the same period in 2023, indicating a decrease of approximately 26%[95] Cash Flow and Assets - Cash and cash equivalents as of June 30, 2024, were RMB 136,106 thousand, a decline of 11.7% from RMB 154,178 thousand at the end of 2023[8] - Total assets decreased by 1.8% to RMB 552,416 thousand from RMB 562,360 thousand at the end of 2023[8] - The group's current assets as of June 30, 2024, were RMB 417.3 million, a decrease of 10.3% from RMB 465.4 million as of December 31, 2023[41] - The company's total equity increased to RMB 396,240 thousand as of June 30, 2024, up from RMB 392,549 thousand at the end of 2023[81] - The company reported a net cash outflow from investing activities of RMB 39,938 thousand for property, plant, and equipment acquisitions, compared to RMB 148 thousand in the previous year[83] - The company’s cash flow from operating activities was negatively impacted by a significant increase in cash used for operations compared to the previous year[83] Operational Highlights - The property management industry is stabilizing, with improved cash flow and collection rates observed in the first half of 2024[10] - The company is actively seeking opportunities in urban renewal and old community renovation projects to enhance service quality and expand business growth[10] - Customer satisfaction in property services has shown a slight improvement compared to the previous year, reflecting the company's efforts in service quality and communication[10] - The company aims to maintain steady development in its core business while responding to market changes and opportunities[10] - The company plans to enhance its smart property management system and introduce more intelligent technologies to improve service efficiency[11] - The company is committed to promoting green property management practices, including waste classification and energy conservation measures[12] Employee and Management - As of June 30, 2024, the group employed 496 staff, a decrease from 630 staff as of June 30, 2023, with employee costs amounting to RMB 27.0 million compared to RMB 37.3 million for the same period last year[52] - The company conducted multiple professional skills and service concept training sessions to improve employee professionalism and service awareness[14] - Total remuneration for key management personnel decreased to RMB 1,198,000 (approximately 14.3% decline) for the six months ended June 30, 2024, compared to RMB 1,363,000 in the same period of 2023[131] Corporate Governance - The company has adopted the corporate governance code and is committed to high standards of corporate governance[62] - The company will continue to review and enhance its corporate governance practices to ensure compliance[62] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim financial statements as of June 30, 2024[65] - The company has maintained compliance with the corporate governance code and has adopted all applicable provisions of the corporate governance code as of the report date[74] Investments and Financial Products - The company invested RMB 70 million in financial products from Huaxia Bank, yielding a total investment return of approximately RMB 217,000, with an average annualized return rate of about 3.33%[55] - The company also invested RMB 20 million in ICBC's financial products, with a total investment return of approximately RMB 125,000 and an average annualized return rate of about 2.68%[55] - The company entered into a subscription agreement to acquire 133,333,334 shares of Black Cat at a price of AUD 0.225 per share, totaling AUD 30.0 million (approximately HKD 155.5 million), representing about 30.2% of Black Cat's issued share capital[140] Shareholder Information - Major shareholder Yu Jianwu holds 2,280,000,000 shares, representing approximately 59.38% of the company's equity[68] - The company has maintained a public float of at least 25% of its total issued share capital[66] - The company announced changes in the board of directors, including the resignation of independent non-executive directors and the appointment of new members[77] Future Outlook - For the second half of 2024, the company aims to strengthen its core business and diversify trade, optimizing personnel allocation and improving service quality[23] - The company plans to continue focusing on market expansion and new product development to drive future growth[80]

Revenue Performance - The company reported a revenue of RMB 117.6 million for the six months ended June 30, 2024, a decrease of 13.7% compared to RMB 136.2 million in the same period of 2023[1]. - Revenue breakdown for the period includes: (i) property management services revenue of RMB 92.1 million, down 4.9% year-on-year; (ii) non-owner value-added services revenue of RMB 6.8 million, down 64.8%; (iii) community value-added services revenue of RMB 8.6 million, down 18.1%; and (iv) other business revenue of RMB 10.1 million, up 4.1%[1]. - Total revenue for the six months ended June 30, 2024, was RMB 117,602 thousand, a decrease of 13.7% from RMB 136,180 thousand for the same period in 2023[14]. - Revenue from property management services was RMB 92,152 thousand, down 4.9% from RMB 96,776 thousand in the previous year[13]. - Non-owner value-added services revenue decreased significantly to RMB 6,771 thousand, down 64.8% from RMB 19,250 thousand in the prior period[13]. - Community value-added services revenue was RMB 8,589 thousand, a decrease of 17.1% from RMB 10,485 thousand in the previous year[13]. - Approximately 10% of total revenue came from related party Hangzhou Xingfu Health Holdings Co., Ltd. for the six months ended June 30, 2024, compared to 12% in 2023[14]. Profitability and Financial Metrics - Gross profit for the period was RMB 21.9 million, a decline of 19.8% from RMB 27.3 million in the same period last year, with a gross profit margin of 18.6%, down 1.5 percentage points[1]. - The profit attributable to owners of the company was RMB 5.3 million, an increase of 17.8% from RMB 4.5 million in the same period of 2023[1]. - Basic and diluted earnings per share were RMB 0.14 for the six months ended June 30, 2024, unchanged from the same period in 2023[3]. - Pre-tax profit declined by 26.5% to RMB 5.0 million, primarily due to reduced revenue leading to lower gross profit[62]. - Other income dropped by 79.5% to RMB 1.7 million, mainly due to asset revaluation losses and decreased income from mutual guarantee agreements[60]. Assets and Liabilities - The company’s cash and cash equivalents amounted to RMB 136.1 million, down from RMB 154.2 million as of December 31, 2023[4]. - Total assets less current liabilities were RMB 396.2 million as of June 30, 2024, compared to RMB 393.5 million as of December 31, 2023[6]. - The company’s net asset value was RMB 396.2 million as of June 30, 2024, compared to RMB 392.5 million as of December 31, 2023[6]. - Total segment assets as of June 30, 2024, amounted to RMB 552,416,000, while total segment liabilities were RMB 156,176,000[21]. - The total amount of financial assets at fair value through profit or loss was RMB 70,139,000 as of June 30, 2024, down from RMB 114,115,000 as of December 31, 2023, representing a decrease of approximately 38.6%[12]. - Trade payables as of June 30, 2024, totaled RMB 52,742,000, a decrease from RMB 61,895,000 as of December 31, 2023, reflecting a decline of approximately 14.8%[38]. Operational Metrics - As of June 30, 2024, the total managed gross floor area was 9.0 million square meters, remaining stable compared to June 30, 2023[1]. - The company reported total contract gross floor area of 10.5 million square meters as of June 30, 2024[1]. - The number of projects managed decreased to 49 as of June 30, 2024, from 58 as of June 30, 2023, indicating a reduction of approximately 15.5%[41]. - The company has established 21 subsidiaries and 26 branches across 20 cities in China, primarily in Zhejiang Province[41]. Employee and Cost Management - The company employed 496 staff as of June 30, 2024, down from 630 staff as of June 30, 2023, with employee costs for the period amounting to RMB 270 million, compared to RMB 373 million for the six months ended June 30, 2023[73]. - The group reported a decrease in employee costs to RMB 23,610,000 from RMB 32,594,000 in the previous year[28]. Strategic Initiatives and Future Outlook - The company plans to focus on property management and enhance community retail services to adapt to market competition and improve service quality[50][51]. - The company aims to optimize personnel allocation and enhance service quality standards in the second half of 2024[51]. - The company has 11 projects in reserve for non-owner value-added services, covering a total building area of 1.5 million square meters[47]. Investments and Financial Products - The company has entered into an agreement to purchase financial products totaling RMB 70,000,000, with an expected annualized return of approximately 3.33%[12]. - The company has entered into a sales agency agreement for financial products with a total amount of RMB 20,000,000, with an expected annual return rate between 2.6% and 3.6%[32]. - The company invested RMB 70 million in wealth management products from Huaxia Bank, with an average annualized return of approximately 3.33%[76]. - The company also invested RMB 20 million in wealth management products from ICBC, with a total investment return of approximately RMB 125,000 and an average annualized return rate of about 2.68%[76]. Regulatory and Compliance - The company is currently evaluating the impact of IFRS 18 on future consolidated financial statements[10]. - The group has adopted revised IFRS standards effective from January 1, 2024, which are not expected to have a significant impact on financial performance[11]. - The company has maintained a public float of at least 25% of its total issued share capital as required by listing rules[84]. Miscellaneous - The company has no significant contingent liabilities as of the reporting date[71]. - The company has not made any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[77]. - No interim dividend was recommended for the period ending June 30, 2023[82].

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倚 賴該等內容而引致的任何損失承擔任何責任。 SUNIOY 宋服務 「 『 『 『 『 『 『 』 『 Sundy Service Group Co. Ltd 宋都服务集团有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9608） 有關2023年年報的補充公告 茲提述宋都服务集团有限公司（「本公司」，連同其附屬公司，統稱「本集團」）截至 2023年12月31日止年度的年報（「2023年年報」）。除文義另有所指外，本公告所用 詞彙與2023年年報所界定者具有相同涵義。 除2023年年報「管理層討論及分析」一節所披露的資料外，董事會謹此根據上市規 則附錄D2第32(4A)段就本集團於2023年12月31日所持重大投資提供有關可換股 票據及理財產品的進一步資料： 重大投資 一家於澳洲上市的公司發行的可換股票據 誠如本公司日期為2023年12月22日的公告所披露，本公司就認購Black Cat發行的 合共9,000,000澳元的可換股票據訂立約束性 ...

Financial Performance - Total revenue for the year 2023 was RMB 262,362,000, representing a decrease of 2.3% compared to 2022[5] - Gross profit for 2023 was RMB 44,917,000, with a gross margin of 17.1%, down from 21.6% in 2022[5] - Net profit for 2023 was RMB 11,963,000, reflecting a significant decline of 64.6% year-over-year[5] - The company recorded a revenue of RMB 262.4 million for the fiscal year 2023, with a profit of RMB 12.0 million, resulting in a basic earnings per share of approximately RMB 0.29[9] - Property management services generated revenue of RMB 186.98 million, accounting for 71.3% of total revenue, while non-owner value-added services contributed RMB 36.34 million, representing 13.8%[13] - The company's gross profit decreased to RMB 44.9 million, down 22.7% from RMB 58.1 million in 2022, with a gross margin of 17.1%[23] - The gross margin for property management services dropped to 13.7%, down from 19.6% in 2022, primarily due to increased investments in service quality[23] - Other income decreased by 41.8% to RMB 8.9 million from RMB 15.3 million in the previous fiscal year, primarily due to reduced government subsidies and decreased commission income from mutual guarantee agreements[24] Assets and Liabilities - Cash and cash equivalents at the end of 2023 amounted to RMB 154,178,000, an increase from RMB 109,289,000 in 2022[7] - Total assets as of December 31, 2023, were RMB 562,360,000, up from RMB 529,976,000 in 2022[7] - Current ratio for 2023 improved to 2.76, compared to 2.56 in 2022[7] - The company reported a total equity attributable to owners of RMB 384,316,000 as of December 31, 2023[7] - Trade receivables impairment losses increased significantly to RMB 13.7 million from RMB 12.2 million, attributed to the ongoing weakness and uncertainty in the Chinese real estate sector[27] - Current assets slightly increased by 0.7% to RMB 465.4 million from RMB 462.4 million, mainly due to an increase in financial assets from subscribed wealth management products[31] - Trade and other receivables grew by 11.1% to RMB 230.3 million from RMB 207.3 million, driven by business growth and delayed payments from third parties and related parties[35] Strategic Plans and Market Outlook - The company plans to focus on market expansion and new product development in the upcoming year[4] - Future guidance indicates a cautious outlook due to market conditions, with expectations for gradual recovery[4] - The company aims to diversify its revenue base by seeking stable investment projects to mitigate the negative impacts of real estate market fluctuations[19] - The company plans to enhance service quality and explore smart community construction to improve service efficiency in the future[19] - The company is expanding its market presence, targeting three new cities for service expansion in 2024[62] - A strategic acquisition of a local competitor is anticipated to enhance market share by 5%[63] Employee and Management - As of December 31, 2023, the company employed a total of 575 employees, down from 702 employees as of December 31, 2022[42] - Employee costs for the reporting period were RMB 72.5 million, compared to RMB 74.5 million in the previous fiscal year[42] - The company plans to increase its workforce by 15% to support growth initiatives[65] - The company has established a training management system to enhance employee development, including new employee onboarding and course library development[192] - The company actively organized cultural and sports activities to enhance employee well-being and engagement[197] Corporate Governance - The company has a strong board with members having extensive backgrounds in finance, law, and engineering, enhancing its governance and strategic oversight[68][69] - The board consists of four executive directors and three independent non-executive directors, maintaining compliance with listing rules regarding board composition[130] - The roles of the chairman and the CEO are separated, with Yu Yun serving as chairman and Zhu Yihua as CEO, ensuring effective functional division[132] - The company has adhered to all applicable code provisions under the corporate governance code during the reporting period[128] - The board has established three committees: audit committee, remuneration committee, and nomination committee to oversee specific areas of governance[129] Environmental, Social, and Governance (ESG) - The company is committed to sustainable development across its business sectors, focusing on governance, environmental protection, labor rights, and community development[163] - The ESG working group is tasked with assessing and managing ESG risk and internal controls, ensuring effective implementation of ESG policies[165] - The group identified 21 key ESG issues based on business characteristics and national policies, which will guide future ESG strategies[169] - The group has implemented energy-saving measures, including regulating air conditioning temperatures and promoting paperless office practices[182] - The group aims to enhance green energy conservation awareness and promote a "reduce waste and save energy" environment in the future[182] Customer Relations and Service Quality - The group received 86 complaints during the reporting period, achieving a complaint closure rate of 97.7%[200] - Customer satisfaction ratings improved to 90%, reflecting enhanced service quality[62] - The group emphasizes the protection of customer privacy and complies with relevant laws and regulations, including the Consumer Rights Protection Law[199] - The group has established a national service hotline (400-0050033) to effectively address customer inquiries and complaints[200] - The group conducts annual assessments of its quality management system for compliance and applicability[200]

預期將於未來確認的各期間結束時現有客戶合同產生的收入 就物業管理服務及非業主增值服務而言，本集團按其有權開具發票且直接對應迄今已完成 的履約價值的金額確認收入。本集團選擇可行權宜方法，即不披露該等類型合同的剩餘履 約責任。大多數物業管理協議無固定期限。一般而言，當對手方通知本集團不再需要有關 服務時，非業主增值服務合同的期限將到期。 5. 分部資料 (a) 分部報告 本集團按根據業務線（包括物業管理服務及相應增值服務、酒店業務及長租公寓業 務）劃分的分部管理其業務。本集團已按與就分配資源及評估表現向本集團主要營運 決策者（「主要營運決策者」）內部匯報資料一致的方式呈列以下分部。 10 － 物業管理服務及相應增值服務：該分部包括物業管理服務、非業主增值服務及 社區增值服務（包括諮詢及交付前服務以及其他服務）產生的收入。 － 酒店業務服務：該分部包括酒店營運、租賃酒店樓宇內的商業購物商場以及於 該等場所提供食品及飲料以及配套服務產生的收入。 － 長租公寓業務：該分部包括於服務公寓樓宇內經營長租公寓。 (b) 分部業績、資產及負債 為評估分部表現及於分部間分配資源，本集團高級行政管理層按以下基準監察各報 告分部應佔 ...

Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 136,180 thousand, representing a 4.1% increase from RMB 130,760 thousand in the same period of 2022[1] - Gross profit decreased to RMB 27,333 thousand, down 31.0% from RMB 39,626 thousand year-on-year, resulting in a gross margin of 20.1%, a decline of 10.2 percentage points[1] - Profit for the period fell to RMB 5,781 thousand, a decrease of 70.3% compared to RMB 19,451 thousand in the previous year, with a profit margin of 4.2%, down 10.7 percentage points[1] - Net profit attributable to equity shareholders was RMB 4,496 thousand, down 76.5% from RMB 19,168 thousand in the same period last year[1] - The group's revenue for the period was RMB 5.8 million, a decline of 70.3% compared to RMB 19.5 million in the same period of 2022[136] Assets and Liabilities - Cash and cash equivalents increased by 63.8% to RMB 179,065 thousand from RMB 109,289 thousand as of December 31, 2022[70] - Total assets slightly decreased by 0.2% to RMB 529,021 thousand from RMB 529,976 thousand as of December 31, 2022[70] - Current liabilities decreased by 4.3% to RMB 172,929 thousand from RMB 180,670 thousand as of December 31, 2022[70] - Trade and other receivables increased by 34.3% to RMB 278.5 million as of June 30, 2023, compared to RMB 207.3 million as of December 31, 2022, mainly due to an increase in receivables from third parties[142] - The group's impairment loss on trade and other receivables was RMB 16.8 million, an increase of 1,100% from RMB 1.4 million in the same period of 2022[145] Property Management Services - Property management service revenue reached RMB 96.8 million, accounting for 71.1% of total revenue, with a 4.0% increase from RMB 93.0 million in 2022[89] - Residential property management service revenue was RMB 78.2 million, a 5.5% increase from RMB 74.1 million in the same period of 2022[89] - The area under management as of June 30, 2023, was 8,999 thousand square meters, a decrease of 2.9% from 9,266 thousand square meters in 2022[88] - The company managed 58 projects as of June 30, 2023, an increase from 56 projects in 2022[88] Value-Added Services - Non-owner value-added service revenue was RMB 19.3 million, representing 14.1% of total revenue, down 13.8% from RMB 22.4 million in the same period of 2022[79] - Community value-added service revenue amounted to RMB 10.5 million, primarily from property maintenance and community space services[80] - Community value-added services revenue fell by 5.4% to RMB 10.5 million, representing 7.7% of total revenue, mainly due to decreased income from decoration services[118] Future Outlook and Strategy - The company is optimistic about the future development of the property management industry despite the negative impacts of the real estate downturn[83] - The company plans to enhance service quality and innovate to minimize direct ties with the real estate sector during the industry downturn[86] - The company plans to focus on enhancing property management services and expanding its management areas while adhering to macro policies and regulations in the real estate industry[97] - The company aims to improve service quality and develop smart community projects to strengthen its revenue base[103] Corporate Governance and Shareholder Information - The company has established an audit committee to oversee financial reporting and internal controls, consisting of three independent non-executive directors[170] - The company has committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[196] - Major shareholders hold a total of 2,280,000,000 shares, representing approximately 71.25% of the company's equity[189] - The stock option plan allows for a maximum of 320,000,000 shares to be issued, which is 10% of the total shares issued post-listing[193] IPO and Fund Utilization - Approximately 48% of the net proceeds from the IPO, amounting to around RMB 133.2 million, will be used for acquisitions and investments in property management services in the Yangtze River Delta region[166][184] - The company has utilized about 15.3% of the funds for investments in a joint venture and an associate company, with plans to fully utilize these funds by December 31, 2023[184] - 15% of the funds are allocated for creating smart communities through advanced technology, with all funds already used for developing an AIoT platform and upgrading mobile applications[185] - The company has allocated approximately 55.2% of the funds for expanding community value-added services, primarily for childcare and elderly care services, with full utilization expected by December 31, 2023[185] Employee Information - The group employed 630 staff as of June 30, 2023, down from 689 staff as of June 30, 2022, with employee costs totaling RMB 37.3 million[151] Other Information - The company has no plans to declare an interim dividend for the period[169] - The company has no significant acquisitions or disposals during the reporting period[183] - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the reporting period[198] - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules[197] - The company appointed a new executive director on July 4, 2023, following the resignation of another executive director on April 14, 2023[199][200]

香港交易及結算所有限公司及香港聯合交易所有限公司(「聯交所」)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 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Sundy Service Group Co. Ltd 宋都服務集團有限公司 (於開曼群島註冊成立的有限公司) (股份代號:9608) 截至2023年6月30日止六個月中期業績公告 宋都服務集團有限公司(「本公司」)董事(「董事」)會(「董事會」)欣然宣佈本公司 及其附屬公司(統稱「本集團」)截至2023年6月30日止六個月(「期內」)之未經審核 綜合業績,連同2022年同期的比較數字。本集團期內之業績已經本公司審核委員 會(「審核委員會」)審閱並經董事會於2023年8月31日批准。 本公告所載若干金額及百分比數字已約整或已四捨五入至小數點後一位或兩位 數。任何表格、圖表或其他地方所示總額與所列數額總和如有任何差異乃因四捨 五入所致。 業績摘要 本集團的財務業績 ➢ 期內,本集團實現收入人民幣136.2百萬元,較2022年同期收入人民幣 130.8百萬元上升4.1%。 1 ➢ 期內四類業務 ...