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 ...

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]