Financial Performance - In 2022, the company's revenue was RMB 268,581,000, a decrease of 15.1% compared to 2021[29] - The gross profit for 2022 was RMB 58,059,000, reflecting a significant decline of 49.3% year-over-year[29] - The net profit attributable to the owners of the company was RMB 32,900,000, down 39.8% from the previous year[29] - The company's revenue for the fiscal year 2022 was RMB 268.6 million, a decrease of 15.1% compared to RMB 316.2 million in fiscal year 2021[88] - The company's pre-tax profit was RMB 40.3 million, down 47.3% from RMB 76.4 million in fiscal year 2021, primarily due to a decline in gross profit[99] - The company's net income for the year was RMB 33.8 million, a decrease of 38.4% compared to RMB 54.9 million in fiscal year 2021[101] - The gross profit from property management services decreased by 24.1% to RMB 36.8 million in fiscal year 2022, with a gross margin decline from 28.1% to 19.6%[73] - The gross profit from community value-added services fell by 50.5% to RMB 10.1 million, with a gross margin decrease of 19.0 percentage points to 38.1%[74] Revenue Breakdown - Property management services generated RMB 188,216,000 in revenue, accounting for 70.1% of total revenue, an increase from 54.5% in 2021[36] - Non-owner value-added services contributed RMB 39,491,000, representing 14.7% of total revenue, down from 28.6% in 2021[36] - Community value-added services generated RMB 26,544,000, which is 9.9% of total revenue, compared to 11.3% in 2021[36] - Revenue from residential property management services was RMB 1,499.90 million, accounting for 79.7% of total revenue, while non-residential property management services generated RMB 382.26 million, making up 20.3%[64] - Community value-added services revenue decreased by 25.8% to RMB 26.5 million compared to RMB 35.7 million in 2021, representing 9.9% of total revenue[46] Operational Highlights - The total managed area reached 9.6 million square meters, with a total contracted area of 11.4 million square meters[36] - The number of managed projects remained stable at 58, with a total managed building area of 9,592 thousand square meters, an increase from 9,168 thousand square meters in 2021[62] - The company operates in 19 cities in China, with 19 subsidiaries and 26 branches, primarily located in Zhejiang Province[36] - The company is expanding its community value-added services, including elderly care, property management, and retail services[34] - The company continues to focus on property management as a core service while enhancing customer satisfaction through feedback and inspections[34] Future Plans and Strategies - The company plans to diversify its service offerings to include elderly care facilities, kindergartens, and healthcare services in response to changing owner demands[44] - The company aims to expand its management area and actively pursue third-party project development to mitigate the impact of macroeconomic policies on the real estate sector[69] - The company plans to enhance advanced technology to improve smart community services, aligning with government initiatives to enhance living environments[87] - The company has established a new three-year cooperation with local streets for future community pilot projects, focusing on old community projects in Hangzhou[38] Financial Position and Investments - Trade and other receivables increased by 63.1% to RMB 207.3 million as of December 31, 2022, compared to RMB 127.1 million as of December 31, 2021, mainly due to business expansion[85] - The company's cash and cash equivalents reached RMB 109.3 million as of December 31, 2022, a decline of 65.7% from RMB 318.2 million at the end of fiscal year 2021[81] - The total equity of the company increased by 12.3% to RMB 348.0 million as of December 31, 2022, compared to RMB 310.0 million as of December 31, 2021, mainly due to an increase in retained earnings[102] - The company did not engage in any major investments or acquisitions during the reporting period[110][111] Corporate Governance and Compliance - The company has complied with all applicable corporate governance codes as per the Hong Kong Stock Exchange[113] - The group has maintained strict compliance with relevant laws and regulations affecting its operations, with no serious violations reported during the reporting period[192][193] - The company is closely monitoring foreign exchange and interest rate risks due to its operations primarily in RMB and the listing proceeds in HKD[121] Employee and Compensation - The total employee cost for the reporting period was RMB 74.5 million, slightly up from RMB 74.1 million in 2021[108] - The company has adopted a share option scheme to ensure competitive compensation for its employees[108] Dividends - The board did not recommend any final dividend for the fiscal year 2022, similar to 2021[123] - The company has an effective dividend policy allowing for dividends to be declared in any currency, subject to board recommendations and shareholder approval[200] - The actual dividend amount distributed to shareholders will depend on the company's profitability, financial condition, operational requirements, and other relevant conditions as deemed by the board[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。 1 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) 截止2022年12月31日止之全年業績公告 宋都服務集團有限公司(「本公司」)董事會(「董事會」)欣然宣佈本公司及其附屬 公司(統稱「本集團」)截止2022年12月31日止年度(「本報告期」或「2022財年」) 之綜合業績,連同截止2021年12月31日止年度(「2021財年」)之比較數字。本集 團本報告期之全年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3月31日批准。 本報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 摘要 本集團財務表現 於2022財年實現收入人民幣268.6百萬元,較2021財年收入人民幣316.2百 萬 ...

Financial Performance - Revenue for the first half of 2022 was RMB 130,760,000, a decrease of 6.2% compared to RMB 139,370,000 in the same period of 2021[29] - Gross profit for the first half of 2022 was RMB 39,626,000, down 17.0% from RMB 47,738,000 in the previous year[29] - The gross margin decreased to 30.3%, down 4.0 percentage points from 34.3% in the same period last year[29] - Net profit attributable to equity shareholders was RMB 19,168,000, representing an 18.2% decline from RMB 23,434,000 in 2021[29] - Total revenue for the period reached RMB 130.8 million, a decrease of 6.2% compared to RMB 139.4 million in the same period of 2021[60] - Net profit for the period was RMB 19.5 million, down 17.0% from RMB 23.5 million in the same period of 2021[81] - Basic and diluted earnings per share for the period were RMB 0.60, down from RMB 0.75 in the same period of 2021[132] - Total comprehensive income for the period was RMB 20,456,000, compared to RMB 22,719,000 in the previous year, reflecting a decline of 10.0%[132] Cash Flow and Liquidity - Cash and cash equivalents decreased by 53.5% to RMB 148,000,000 from RMB 318,169,000 at the end of 2021[31] - The current ratio as of June 30, 2022, was 2.54, slightly down from 2.59 at the end of 2021[31] - The net cash used in operating activities for the six months ended June 30, 2022, was RMB (159,611) thousand, compared to RMB (22,900) thousand for the same period in 2021, indicating a significant increase in cash outflow[141] - The company incurred a net cash outflow from investing activities of RMB (11,455) thousand for the six months ended June 30, 2022, compared to RMB (27,148) thousand in the prior year, showing an improvement in cash flow management[141] Assets and Liabilities - Total assets increased by 7.9% to RMB 526,412,000 compared to RMB 488,065,000 at the end of 2021[31] - Total liabilities increased to RMB 192,421 thousand as of June 30, 2022, compared to RMB 177,895 thousand at the end of 2021, reflecting an increase of about 8.2%[135] - Trade and other receivables increased by 44.0% to RMB 183.0 million from RMB 127.1 million as of December 31, 2021[90] - The company reported a total equity of RMB 333,627 thousand as of June 30, 2022, up from RMB 310,003 thousand at the end of 2021, marking an increase of approximately 7.6%[138] Business Operations - The company managed properties across 19 cities, providing services to 56 communities as of June 30, 2022[35] - Property management service revenue reached RMB 92.3 million, with residential property management contributing RMB 74.1 million, reflecting a growth of 23.9% from RMB 59.8 million in 2021[45] - The total managed building area increased to approximately 9.3 million square meters, up from 7.7 million square meters in 2021, representing a growth of 20.5%[41] - The number of managed projects rose to 56, an increase of 13 projects compared to 49 in the previous year[41] - The company operates in 19 cities across China, with 17 subsidiaries and 24 branch offices, primarily located in Zhejiang Province[40] Strategic Initiatives - The company aims to continue expanding its management area and reduce the proportion of related party projects to achieve business growth[40] - The company plans to enhance its service and operational systems to create more value for property owners, society, and shareholders[39] - The company plans to focus on expanding its business in the Yangtze River Delta region through partnerships and acquisitions to increase market share[57] - The company has implemented a "1+1+N" smart community service model, integrating residents, vehicles, and various devices on a smart IoT platform[39] Recognition and Awards - The company was recognized as one of the "Top 48 Property Service Companies" in 2022 and ranked in the "Top 10 Excellent Service Companies" in Hangzhou[35] - The company was recognized as the 48th among the "Top 100 Property Service Enterprises in China" in 2022[40] Employee and Administrative Costs - As of June 30, 2022, the group employed 689 staff, a decrease from 740 staff as of June 30, 2021[99] - Employee costs for the six months ended June 30, 2022, amounted to RMB 37.6 million, compared to RMB 33.1 million for the same period in 2021[99] - Administrative expenses decreased by 5.4% to RMB 13.9 million from RMB 14.7 million in the same period of 2021[74] Related Party Transactions - The group entered into several major related party transactions during the six months ended June 30, 2022, involving companies controlled by the major shareholder[198] - The related party transactions include agreements with various joint ventures and associates controlled by the major shareholder, indicating ongoing strategic partnerships[198]

Financial Performance - The company reported a revenue of RMB 316,237 thousand for the year 2021, representing a year-on-year growth of 23.2%[10] - Gross profit for 2021 was RMB 114,541 thousand, with a significant increase of 47.1% compared to the previous year[10] - The gross margin improved to 36.2% in 2021, up from 30.3% in 2020, reflecting a 5.9 percentage point increase[10] - Net profit attributable to shareholders reached RMB 54,626 thousand, marking a 67.3% increase year-on-year[10] - The company's total revenue for the fiscal year 2021 reached RMB 316.2 million, a year-on-year increase of 23.2% from RMB 256.7 million in 2020[48] - The company reported a net profit margin of 12% for 2021, an increase from 10% in the previous year, indicating improved operational efficiency[114] Revenue Breakdown - Revenue from property management services was RMB 172.4 million, accounting for 54.5% of total revenue, up from 49.9% in 2020[28] - Non-owner value-added services generated RMB 90.4 million, representing 28.6% of total revenue, an increase from 26.9% in 2020[28] - Community value-added services contributed RMB 35.7 million, which is 11.3% of total revenue, down from 16.6% in 2020[28] - Property management services generated revenue of RMB 172.4 million in fiscal year 2021, up 34.5% from RMB 128.2 million in 2020, accounting for 54.5% of total revenue[48] - Revenue from residential property management services increased by 53.9% to RMB 131.0 million in fiscal year 2021, compared to RMB 85.1 million in 2020[31] - Non-residential property management services revenue was RMB 41.4 million, representing 24.0% of total property management revenue in fiscal year 2021[33] Assets and Liquidity - Cash and cash equivalents increased to RMB 318,169 thousand by the end of 2021, up from RMB 192,195 thousand in 2020[13] - Current assets rose to RMB 461,034 thousand in 2021, compared to RMB 252,520 thousand in 2020[13] - The current ratio improved significantly to 2.59 in 2021, indicating a strong liquidity position[13] - Current assets increased by 82.6% to RMB 4.61 billion as of December 31, 2021, compared to RMB 2.53 billion a year earlier[68] - Cash and cash equivalents rose by 65.6% to RMB 3.18 billion as of December 31, 2021, from RMB 1.92 billion in FY2020[68] - Trade and other receivables increased by 148.7% to RMB 1.27 billion as of December 31, 2021, compared to RMB 511 million in FY2020[73] Business Expansion and Strategy - The company successfully expanded its contracted construction area to over 10 million square meters during the reporting period[17] - The company aims to enhance its core business and explore partnerships with quality property brands to expand service scale[21] - The company plans to implement smart upgrades in community development and old community operations to establish business characteristics[21] - The strategic focus is on a "one body, two wings, two products" model, emphasizing mergers and acquisitions to expand business scale and enhance comprehensive service capabilities[20] - The company plans to expand its business scale and market share in the Yangtze River Delta region through various channels[43] - The company has successfully completed the acquisition of a regional competitor, which is expected to contribute an additional $10 million in annual revenue[99] Listing and Capital Utilization - The company raised approximately HKD 133.2 million through its listing on the Hong Kong Stock Exchange on January 18, 2021[17] - The company has received a net amount of approximately HKD 133.2 million from its listing, with about 48% allocated for acquiring property management companies in the Yangtze River Delta region, specifically in Hangzhou[96] - Approximately 12% of the listing proceeds will be invested in expanding community pilot programs, with no funds utilized as of the report date and full utilization expected by December 31, 2023[96] - The company plans to allocate about 15% of the proceeds to create smart communities using advanced technology, with no funds utilized as of the report date and full utilization expected by December 31, 2023[96] - Another 15% of the funds will be used to explore and expand community value-added services, with no funds utilized as of the report date and full utilization expected by December 31, 2023[96] - Approximately 10% of the proceeds will provide funding for operational capital and other general corporate purposes, with 67.9% already utilized for intermediary service fees related to the listing, and full utilization expected by December 31, 2023[96] Operational Efficiency and Customer Engagement - The company reported a significant increase in operational efficiency, with a 15% reduction in operational costs year-over-year[99] - User engagement metrics improved, with a 20% increase in active users compared to the previous quarter[99] - Customer satisfaction ratings improved to 85%, reflecting the effectiveness of recent service enhancements[99] Future Outlook - The company anticipates a revenue growth of 25% for the next fiscal year, driven by new product launches and market expansion strategies[99] - The company has set a revenue guidance of RMB 1.8 billion for the fiscal year 2022, reflecting an expected growth of 20%[114] - New product launches are expected to contribute an additional RMB 300 million in revenue in 2022, driven by innovative features and market demand[114] - The company plans to expand its market presence in three new cities, aiming for a 10% increase in market share by the end of 2022[114] - The company is investing RMB 200 million in R&D for new technologies aimed at enhancing service efficiency and customer satisfaction[114] - A strategic acquisition of a local competitor is anticipated to close in Q2 2022, expected to increase the company's market share by 5%[114] Governance and Compliance - The board has not recommended any final dividend for the fiscal year 2021, consistent with the previous year[83] - The company has maintained sufficient public float, with at least 25% of its total issued share capital held by the public as of the report date[91] - The audit committee has reviewed the annual performance and the accounting policies adopted by the company, ensuring compliance with financial reporting standards[86] Shareholder Information - As of December 31, 2021, Mr. Yu holds 2,280,000,000 shares, representing approximately 71.25% of the company's equity[186] - The company has a stock option plan that allows eligible participants to acquire up to 10% of the total issued shares, which amounts to 320,000,000 shares[190] - No stock options have been granted, exercised, or canceled under the stock option plan from the listing date to the report date[195] - The company has not purchased, sold, or redeemed any of its listed securities from the listing date to December 31, 2021[197] - There are no provisions for preemptive rights in the company's articles of association or under Cayman Islands law[198]

Financial Performance - Revenue for the six months ended June 30, 2021, was RMB 139,370,000, representing a 19.4% increase from RMB 116,729,000 in the same period of 2020[28]. - Gross profit for the same period was RMB 47,738,000, up 48.3% from RMB 32,183,000 in 2020, with a gross margin of 34.3%[28]. - Profit attributable to equity shareholders was RMB 23,434,000, a 44.7% increase compared to RMB 16,190,000 in the previous year[28]. - The group achieved total revenue of RMB 1.394 billion, a 19.5% increase from RMB 1.167 billion in 2020[69]. - The net profit for the period was RMB 23.5 million, a significant increase of 43.3% from the previous year's RMB 16.4 million[38]. - Operating profit increased to RMB 31,624,000, up 43.9% from RMB 21,936,000 year-on-year[139]. - Pre-tax profit increased by 43.1% to RMB 32.2 million from RMB 22.5 million, consistent with the growth rate of gross profit[89]. - Basic and diluted earnings per share were RMB 0.75, compared to RMB 0.67 in the same period last year[139]. Assets and Liabilities - Total assets grew by 55.4% to RMB 437,037,000 from RMB 281,161,000 at the end of 2020[31]. - As of June 30, 2021, current assets amounted to RMB 408.8 million, a 61.9% increase from RMB 252.5 million on December 31, 2020[93]. - The total equity as of June 30, 2021, was RMB 281,057 thousand, an increase from RMB 117,273 thousand as of December 31, 2020[149]. - The total liabilities of the reportable segments as of June 30, 2021, were RMB 147,762,000, a slight decrease from RMB 155,661,000 as of December 31, 2020[175]. Cash Flow and Liquidity - Cash and cash equivalents increased by 45.5% to RMB 279,712,000 from RMB 192,195,000 as of December 31, 2020[31]. - The company reported a net cash outflow from investing activities of RMB (27,148) thousand for the six months ended June 30, 2021, compared to a net cash inflow of RMB 2,303 thousand for the same period in 2020[152]. - The cash and cash equivalents increased by RMB 87,814 thousand for the six months ended June 30, 2021, compared to an increase of RMB 15,263 thousand for the same period in 2020[152]. - The bank cash balance increased significantly to RMB 292,937 thousand as of June 30, 2021, from RMB 200,679 thousand as of December 31, 2020, reflecting a growth of 46.0%[199]. Business Operations - The company has established 13 subsidiaries and 19 branches across 19 cities in China, providing property management services for 49 properties[48]. - Revenue from property management services amounted to RMB 79.5 million, while non-owner value-added services generated RMB 40.1 million[53]. - The company is actively exploring management models for aging communities, aiming to become a leading property management service provider in the Yangtze River Delta region[48]. - The company is implementing an AIoT strategy to enhance service delivery and operational efficiency, focusing on smart community applications[42]. - The group plans to expand its service radius for community value-added services and utilize smart IoT to enhance operational efficiency[68]. Employee and Administrative Costs - The company employed 740 staff as of June 30, 2021, compared to 603 staff a year earlier, with employee costs amounting to RMB 33.1 million, up from RMB 24.5 million in the same period of 2020[107]. - Administrative expenses rose by 23.5% to RMB 14.7 million from RMB 11.9 million, primarily due to business expansion and increased staff numbers[86]. - Employee costs increased to RMB 33,132,000 in the six months ended June 30, 2021, from RMB 24,466,000 in the same period of 2020, representing a growth of approximately 35%[180]. Shareholder Information - As of June 30, 2021, Mr. Yu Jianwu holds 2,280,000,000 shares, representing 71.25% of the company's equity[119]. - The board does not recommend any interim dividend for the six months ended June 30, 2021[113]. - The company has adopted a share option scheme aimed at incentivizing eligible participants, including employees and directors, to enhance performance[122]. Market Outlook and Strategy - The property management industry is expected to continue recovering in the second half of 2021, supported by favorable government policies[36]. - The company is positioned to benefit from the national push for high-quality and diversified service upgrades in the property management sector[37]. - The company plans to allocate approximately 48% of the net proceeds from its listing, around HKD 133.2 million, for acquisitions and investments in property management services in the Yangtze River Delta region[105].

SUNIOY 宋服務 萝 幸 福 + 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 年 報 2020 目錄 | --- | --- | --- | --- | |-------|------------------|-------|--------------------------| | | | | | | 2 | 公司資料 | 60 | 獨立核數師報告 | | 4 | 財務摘要 | 66 | 綜合損益及其他全面收益表 | | 6 | 主席報告 | 67 | 綜合財務狀況表 | | 8 | 管理層討論及分析 | 68 | 綜合權益變動表 | | 21 | 董事及高級管理層 | 69 | 綜合現金流量表 | | 31 | 董事會報告 | 70 | 綜合財務報表附註 | 48 企業管治報告 本年報中英文如有歧異，概以英文本為準。 公司資料 | --- | --- | |------------------------------------------|----------------------------------| | ...