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 就 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。 Xingye Wulian Service Group Co. Ltd. 興業物聯服務集團有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：9916） 董事會會議日期 興業物聯服務集團有限公司（「本公司」）董 事（「全體董事」及 各「董 事」）會（「董 事 會」）謹 此 宣 佈，將 於 二 零 二 五 年 八 月 二 十 八 日（星 期 四）舉 行 董 事 會 會 議，藉 以 （其 中 包 括）批准本公司及其附屬公司截至二零二五年六月三十日止六個月的 中 期 業 績 及 其 發 佈，並 釐 定 中 期 股 息（如 有）。 主席兼行政總裁 裘 明 香 港，二 零 二 五 年 八 月 十 八 日 於 本 公 告 日 期，執 行 董 事 為 裘 明 先 生；非 執 行 董 事 為 張 惠 琪 女 士、王 金 虎 先 ...

致：香港交易及結算所有限公司 公司名稱: 興業物聯服務集團有限公司 呈交日期: 2025年8月1日 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09916 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,000,000 FF301 ...

Financial Performance - The total revenue from property management and services reached RMB 359.1 million, remaining stable compared to the previous year[8]. - For the year ended 31 December 2024, the total revenue was approximately RMB359.1 million, a slight increase from RMB358.9 million in 2023[37]. - Gross profit for the year was RMB107.2 million, up from RMB97.2 million in 2023, resulting in a gross profit margin of 29.8%, compared to 27.1% in the previous year[25]. - Net profit for the year increased to RMB45.1 million, compared to RMB40.2 million in 2023, leading to a net profit margin of 12.6%, up from 11.2%[25]. - Revenue from property management services was RMB297.3 million, representing 82.8% of total revenue, an increase from RMB274.1 million (76.4%) in 2023[39]. - Revenue from property engineering services decreased to RMB20.9 million (5.9%) from RMB40.5 million (11.3%) in 2023[39]. - Revenue from property management and value-added services increased by approximately RMB24.6 million or 8.8% to approximately RMB302.8 million for the year ended 31 December 2024[43]. - Other revenue decreased by approximately RMB4.9 million or 12.2% to approximately RMB35.3 million, primarily due to fewer intermediary services provided[47]. - Cost of services decreased by approximately RMB9.8 million or 3.7% to approximately RMB251.9 million, attributed to cost reduction control measures[48]. - Profit for the year increased by approximately RMB4.9 million or 12.2% to approximately RMB45.1 million[59]. Operational Developments - The company aims to transform into a modern, digital, platform-based enterprise, focusing on property services and powered by life and commercial services[7]. - The company has successfully expanded its service scope, particularly in the non-residential sector, covering various business segments including healthcare and education[10]. - The company has made significant progress in the hotel sector, with multiple key construction milestones on schedule, expected to drive capital effectively upon completion[14]. - The company is expanding its presence in industrial parks across various sectors, including technology and heavy industry[10]. - The company entered into 57 new property engineering contracts with a total contract amount of approximately RMB37.4 million during the year[32]. - As of 31 December 2024, the total contract sum for contracted engineering services with remaining performance obligations amounted to RMB49.7 million[32]. - The portfolio of properties under management expanded from approximately 8.5 million sq.m. as of 31 December 2023 to approximately 11.0 million sq.m. as of 31 December 2024[30]. Strategic Focus - The company emphasizes high-quality development as a core competitive advantage, focusing on delivering exceptional services to meet customer demands[9]. - The company is focused on precise marketing by analyzing customer consumption behaviors and tailoring services accordingly[13]. - The company aims to maintain a vision of "Making Cities Better" while steering towards high-quality development through innovation and responsibility[16]. - The Group aims to enhance service quality and deepen expertise in non-residential property services, focusing on high-growth projects and selective mergers and acquisitions[112]. - The Group plans to leverage artificial intelligence and digital transformation to improve operational efficiency and service quality[113]. - The company is committed to building a smart ecosystem and enhancing brand awareness while fulfilling social responsibilities[116]. - The company aims to adapt to rapid market changes and achieve superior performance to reward shareholders and investors[117]. - The company is focused on technological innovation as a driving force for its mission[117]. Leadership and Governance - Mr. Wang has over 31 years of experience in the real estate and property management industry, serving as the managing director of Xingye IOT Management since May 2017[131]. - Mr. Liu has more than 20 years of experience in the property management and real estate industry, currently serving as a non-executive director since August 2019[133]. - Mr. Xu has over 20 years of experience in the real estate industry, appointed as an independent non-executive director in September 2019[139]. - The company has a strong leadership team with extensive experience in real estate development and management, contributing to strategic decision-making[133][139][144]. - The leadership structure includes a mix of executive and independent directors, ensuring a balanced approach to governance and strategy[133][139][144]. - The management team has a diverse educational background, including advanced degrees from prestigious institutions such as Tsinghua University[142][143]. Financial Position and Assets - Total assets increased to RMB716.1 million in 2024 from RMB699.1 million in 2023, while total liabilities decreased to RMB216.2 million from RMB244.0 million[27]. - The net carrying value of property, plant, and equipment increased by approximately RMB16.9 million or 9.0% to approximately RMB205.4 million as at 31 December 2024[67]. - Properties under development increased by approximately RMB10.3 million or 7.9% to approximately RMB141.0 million as at 31 December 2024[68]. - Total trade receivables decreased to approximately RMB59.7 million, down from approximately RMB102.2 million as at 31 December 2023, due to increased repayments[69]. - Cash and cash equivalents increased by approximately RMB13.2 million or 6.3% to RMB223.9 million as of December 31, 2024, compared to RMB210.7 million as of December 31, 2023[89]. - The current ratio improved to 2.4 times as of December 31, 2024, compared to 2.1 times as of December 31, 2023[94]. Risk Management and Compliance - The Group continues to implement internal controls and strategies to manage potential risks and uncertainties affecting its business[188]. - The Group's growth may be impacted by general economic conditions affecting the real estate market and changes in laws and regulations in the PRC[185]. - The Group recognizes employees, customers, and suppliers as key stakeholders and is dedicated to maintaining good relationships with them[193]. - The Group's financial risks and management objectives are detailed in notes 34 and 36 to the consolidated financial statements[187].

Financial Performance - For the fiscal year ending December 31, 2024, revenue was approximately RMB 359.1 million, showing a slight increase from RMB 358.9 million for the fiscal year ending December 31, 2023[4] - Gross profit for the fiscal year was approximately RMB 107.2 million, representing an increase of about 10.3% from RMB 97.2 million in the previous year[4] - Profit attributable to equity holders was approximately RMB 45.1 million, up about 12.2% from RMB 40.2 million for the fiscal year ending December 31, 2023[4] - Basic earnings per share for the fiscal year were approximately RMB 11.3 cents, compared to RMB 10.0 cents for the previous year[4] - The total comprehensive income for the year was RMB 44.9 million, compared to RMB 41.5 million in the previous year[6] - The group reported a profit before tax of RMB 60,983,000 for the year, compared to RMB 56,875,000 in the previous year, an increase of 5.5%[16] - Net profit for the year increased by approximately RMB 4.9 million or 12.2% to RMB 45.1 million[68] Assets and Liabilities - Non-current assets increased to RMB 209.4 million from RMB 191.9 million in the previous year[7] - Current assets totaled RMB 506.7 million, slightly down from RMB 507.1 million in the previous year[7] - The total assets of the group as of December 31, 2024, amounted to RMB 716,135,000, compared to RMB 5,245,000 in non-current liabilities, indicating a strong asset base[17] - The total liabilities of the group were RMB 216,164,000, with non-current liabilities including lease liabilities of RMB 1,595,000, down from RMB 1,938,000 in 2023[8] - The net asset value increased to RMB 499,971,000 in 2024 from RMB 455,030,000 in 2023, marking an increase of 9.8%[8] Revenue Segmentation - The segment revenue from property management and value-added services was RMB 302,826,000, up from RMB 278,245,000 in the previous year, reflecting a growth of 8.9%[16] - Revenue for property management and value-added services reached RMB 302,826,000, while property engineering services generated RMB 20,947,000, leading to a total revenue of RMB 359,074,000 for the year[22] - Revenue from independent third parties was RMB 306.1 million, representing 85.3% of total revenue, an increase from RMB 289.3 million (80.6%) in the previous year[57] - The property management and value-added services segment generated revenue of RMB 302.8 million, accounting for 84.3% of total revenue, an increase from RMB 278.2 million (77.5%) in the previous year[56] Expenses and Costs - The company reported a decrease in administrative expenses to RMB 39.1 million from RMB 42.2 million in the previous year[5] - Employee costs, including director remuneration, rose to RMB 85,111,000 from RMB 63,251,000, indicating a significant increase of about 34.6%[24] - The company incurred financial and contract asset impairment losses of RMB 5,772,000, compared to RMB 1,342,000 in the previous year, representing a substantial increase[24] Corporate Governance and Compliance - The group has maintained compliance with the International Financial Reporting Standards, ensuring accurate financial reporting and transparency[11] - The company emphasizes the importance of good corporate governance to enhance management and protect shareholder interests[98] - The audit committee consists of three independent non-executive directors, responsible for reviewing financial reports and internal controls[101] - The company has adopted the standard code for securities trading by directors, confirming compliance for the current year[100] Future Plans and Developments - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[3] - The group anticipates the completion of property development projects by the end of 2025, with no impairment expected on the carrying value of development properties[34] - The company aims to enhance its position in property management and engineering services by improving service quality and focusing on non-residential property services[92] - The company plans to continue its digital transformation by leveraging artificial intelligence to improve operational efficiency and service quality[93] Shareholder Information - The company did not recommend the payment of a final dividend for the years ending December 31, 2024, and December 31, 2023[29] - The board does not recommend the payment of a final dividend for the current year[104] - The annual general meeting is scheduled for June 6, 2025, with a suspension of share transfer registration from June 2 to June 6, 2025[105][106] Miscellaneous - The company has not engaged in any buybacks, sales, or redemptions of its listed securities during the year[97] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the year[89] - The company has issued 100,000,000 new shares at a price of HKD 1.99 per share during its global offering, resulting in net proceeds of approximately HKD 167.8 million[95]

XINGYE WULIAN SERVICE GROUP CO. LTD. 興業物聯服務集團有限公司 (incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） Stock Code 股份代號 : 9916 2024INTERIM REPORT 中期 報告 CONTENTS 目錄 Corporate Information 公司資料 2-3 Management Discussion and Analysis 管理層討論及分析 4-16 Other Information 其他資料 17-24 Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 中期簡明綜合損益及其他全面收益表 25-26 Interim Condensed Consolidated Statement of Financial Position 中期簡明綜合財務狀況表 27-28 Interim Condensed Cons ...

Financial Performance - For the six months ended June 30, 2024, revenue was approximately RMB 167.2 million, an increase of about 4.7% compared to RMB 159.7 million for the same period in 2023[1]. - Gross profit for the same period was approximately RMB 50.0 million, a decrease of about 1.0% from RMB 50.5 million in the prior year[1]. - Profit attributable to equity holders was approximately RMB 24.1 million, representing an increase of about 15.9% from RMB 20.8 million in the same period of 2023[1]. - Basic earnings per share for the period were approximately RMB 6.02, compared to RMB 5.19 for the same period in 2023[1]. - The total comprehensive income for the period was RMB 24.767 million, compared to RMB 23.643 million in the previous year[4]. - The company reported a pre-tax profit of RMB 33,512,000 for the six months ended June 30, 2024, compared to RMB 31,153,000 for the same period in 2023, reflecting an increase of 7.6%[14]. - Profit attributable to equity holders increased by approximately RMB 3.3 million or 15.9% to about RMB 24.1 million for the six months ended June 30, 2023[48]. Revenue Breakdown - For the six months ended June 30, 2024, the revenue from property management and value-added services was RMB 148,201,000, an increase of 8.8% compared to RMB 136,197,000 for the same period in 2023[13]. - The revenue from property engineering services decreased significantly to RMB 2,668,000, down 61.8% from RMB 6,987,000 in the previous year[18]. - The company’s property management and value-added services segment accounted for the largest share of revenue, contributing RMB 148,201,000 for the six months ended June 30, 2024[18]. - Revenue from independent third parties was RMB 159,439,000, representing 95.4% of total revenue, compared to RMB 141,153,000 or 88.4% in the previous year[37]. - Revenue from related parties decreased to RMB 7,762,000, accounting for 4.6% of total revenue, down from RMB 18,580,000 or 11.6% in the previous year[37]. Assets and Liabilities - Non-current assets amounted to RMB 191.114 million, slightly down from RMB 191.936 million as of December 31, 2023[5]. - Current assets totaled RMB 481.903 million, a decrease from RMB 507.118 million at the end of the previous year[5]. - Current liabilities decreased to RMB 188.044 million from RMB 238.779 million as of December 31, 2023[5]. - As of June 30, 2024, total assets amounted to RMB 673,017,000, a decrease from RMB 699,054,000 as of December 31, 2023[16]. - The total liabilities as of June 30, 2024, were RMB 193,220,000, down from RMB 244,024,000 as of December 31, 2023[16]. - The net asset value of the company increased to RMB 479.797 million from RMB 455.030 million at the end of the previous year[6]. Costs and Expenses - The company reported a financial cost of RMB 56, down from RMB 62 in the same period last year[3]. - Employee costs increased to RMB 40,154,000 from RMB 34,005,000, reflecting an increase of 18.9%[21]. - Administrative expenses decreased by approximately RMB 1.8 million or 10.3% to about RMB 15.7 million, mainly due to reduced professional fees incurred during the period[45]. - Service costs rose by approximately RMB 8.0 million or 7.3% to about RMB 117.2 million, consistent with revenue growth[41]. Corporate Governance and Strategy - The company has adhered to corporate governance codes, ensuring a balance of power and authority within its board structure[72]. - The company will continue to review and monitor its corporate governance practices to maintain high standards[72]. - The audit committee consists of three independent non-executive directors, responsible for reviewing financial reporting procedures and risk management systems[74]. - The company aims to enhance its position in property services by pursuing more property management projects and selectively seeking acquisition opportunities within the industry[68]. - The strategy includes deepening professional coverage, expanding service capabilities, and improving service quality, responsiveness, and customer satisfaction[69]. Future Outlook and Developments - The Zhengzhou Zhengshang Center project is currently under major construction and is expected to be completed by the end of 2025[35]. - The company continues to diversify its property management and value-added services across both residential and non-residential properties[34]. - The company is committed to high-quality development, focusing on customer satisfaction and service transformation[69]. - The company plans to implement a standardized service quality system to ensure smooth operations in residential, commercial, and public services[69]. - Approximately HKD 167.8 million (equivalent to RMB 149.6 million) was raised from the global offering, with net proceeds allocated for various strategic purposes[70]. - As of June 30, 2024, about RMB 75.0 million of the raised funds has been utilized for enhancing property engineering services and property management services[70]. Miscellaneous - The company did not recommend an interim dividend for the six months ended June 30, 2024, consistent with the previous year[24]. - The company has not reported any significant changes in its financial condition or major events since December 31, 2023[71]. - The interim results announcement is available on the Hong Kong Stock Exchange website and the company's website, containing all information required by Appendix D2 of the listing rules[75]. - The company expresses gratitude to management and employees for their dedication and to shareholders for their continued support[76].

Financial Performance - For the year ended December 31, 2023, the Group's revenue was RMB 358.9 million, an increase of approximately RMB 37.8 million compared to RMB 321.1 million in the previous year[8]. - The net profit for the year was approximately RMB 40.2 million, representing a decrease of approximately RMB 7.0 million from RMB 47.2 million in the previous year[8]. - Basic earnings per share for the year amounted to RMB 10.04 cents[8]. - Revenue for the year ended December 31, 2023, was RMB 358,943,000, an increase from RMB 321,069,000 in 2022, representing a growth of approximately 11.8%[31]. - Net profit for the year decreased to RMB 40,181,000 from RMB 47,198,000 in 2022, reflecting a decline of about 14.3%[31]. - Gross profit margin decreased to 27.1% in 2023 from 31.0% in 2022, indicating a reduction in profitability[31]. - Revenue from property management and value-added services increased by approximately RMB 21.4 million or 8.3% to approximately RMB 278.2 million, primarily due to the expansion of properties under management[50]. - Revenue from property engineering services decreased by approximately RMB 10.3 million or 20.3% to approximately RMB 40.5 million, mainly due to a downturn in the real estate market[51]. - Other revenue increased significantly by approximately RMB 26.7 million or 197.8% to approximately RMB 40.2 million, attributed to more intermediary and charging pile services provided[55]. - Gross profit decreased by approximately RMB 2.5 million or 2.5% to approximately RMB 97.2 million, with a gross margin of approximately 27.1%, down from 31.0% in the previous year[61]. Asset and Liability Management - The total assets increased to RMB 699,054,000 in 2023 from RMB 591,331,000 in 2022, showing a growth of approximately 18.2%[33]. - Cash and cash equivalents decreased significantly to RMB 210,684,000 in 2023 from RMB 467,723,000 in 2022, a decline of approximately 55.0%[33]. - Current ratio decreased to 2.1 times in 2023 from 3.4 times in 2022, indicating a reduction in short-term liquidity[33]. - Total trade receivables increased to approximately RMB 102.2 million, up from approximately RMB 83.5 million, driven by growth in properties under management[78]. - Trade payables increased by approximately RMB 13.2 million or 31.6% to approximately RMB 55.0 million, consistent with the increase in cost of sales during the year[86]. - Contract liabilities increased from approximately RMB 66.9 million as of December 31, 2022, to approximately RMB 85.4 million as of December 31, 2023, representing an increase of RMB 18.5 million or 27.7%[93]. - Current assets decreased to approximately RMB 507.1 million as of December 31, 2023, down RMB 76.8 million or 13.2% from RMB 583.9 million as of December 31, 2022[95]. Strategic Initiatives and Acquisitions - The Company successfully acquired Henan Zheng Zhi Yue Real Estate Co., Ltd., expanding into the investment, development, and construction of non-residential properties[16]. - The Group completed the acquisition of Zheng Zhi Yue for RMB 95 million on December 26, 2023, which is engaged in real estate development[114]. - The acquisition is seen as an entry into a new business segment for investment, development, and construction of non-residential properties, targeting long-term holding and management in the PRC[123]. - Future strategies include undertaking additional property management projects focused on mid to high-end non-residential properties and selectively pursuing M&A opportunities[122]. Operational Enhancements - The Company has launched the "Chief Services Officer Program" to enhance service quality and create benchmark projects[9]. - The Company is focusing on technology empowerment through the integration of IoT, cloud computing, and mobile internet to create smart communities[14]. - The Company has broadened its service scope to include projects such as exhibition halls, high-end elderly housing, and hospitals, enhancing integrated service capabilities[20]. - The Company aims to improve service efficiency and expand service depth through refined management measures and competitive service standards[21]. - The Group aims for high-quality development, focusing on customer satisfaction, product upgrades, and efficient operations[124]. - The Group plans to enhance customer service products and digitize customer data through a physical object cloud platform[127]. Governance and Management - The management team includes experienced professionals with backgrounds in real estate development and management, enhancing operational capabilities[148]. - The company has appointed independent non-executive directors to enhance governance and oversight, including Mr. Zhou Sheng since August 2019[172]. - The Group's management team has extensive backgrounds in real estate, law, and business administration, contributing to strategic decision-making[175]. - The company is committed to maintaining high standards of governance and independent oversight through its board committees[172]. Market Position and Future Outlook - The company is engaged in real estate investment and management, with a focus on expanding its market presence in the United States[142]. - The company is expanding its market presence in Southeast Asia, with plans to enter three new countries by Q3 2024[154]. - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to 12%, targeting a range of $1.32 billion to $1.344 billion[154]. - The company aims to leverage its leadership's extensive industry experience to drive growth and market expansion[143].

Financial Performance - For the fiscal year ending December 31, 2023, revenue was approximately RMB 358.9 million, an increase of about 11.8% compared to RMB 321.1 million for the fiscal year ending December 31, 2022[4]. - Gross profit for the fiscal year was approximately RMB 97.2 million, a decrease of about 2.5% from RMB 99.7 million for the previous fiscal year[4]. - Net profit attributable to the parent company was approximately RMB 40.2 million, a decrease of about 14.8% compared to RMB 47.2 million for the fiscal year ending December 31, 2022[4]. - Basic earnings per share for the fiscal year were approximately RMB 10.0 cents, down from RMB 11.8 cents for the previous fiscal year[4]. - The company reported a pre-tax profit of approximately RMB 56.9 million, compared to RMB 65.0 million for the previous fiscal year[5]. - Total comprehensive income for the year was approximately RMB 41.5 million, down from RMB 51.2 million for the previous fiscal year[5]. - Other income, gains, and losses amounted to approximately RMB 5.7 million for the fiscal year[5]. - The company incurred administrative expenses of approximately RMB 42.2 million, compared to RMB 1.3 million for the previous fiscal year[5]. - The company experienced a foreign exchange gain of approximately RMB 3.4 million during the fiscal year[5]. Assets and Liabilities - Total non-current assets increased to RMB 191,936 thousand in 2023 from RMB 188,536 thousand in 2022, reflecting a growth of 1.3%[6]. - Current assets reached RMB 583,944 thousand in 2023, compared to RMB 507,118 thousand in 2022, marking a significant increase of 15.1%[6]. - The company's net asset value rose to RMB 455,030 thousand in 2023, up from RMB 413,497 thousand in 2022, representing a growth of 10%[8]. - Total liabilities decreased from RMB 238,779 thousand in 2022 to RMB 173,072 thousand in 2023, a reduction of 27.5%[6]. - Trade receivables increased to RMB 99,675 thousand in 2023, compared to RMB 82,206 thousand in 2022, indicating a growth of 21.4%[6]. - The company reported cash and cash equivalents of RMB 210,684 thousand in 2023, up from RMB 467,723 thousand in 2022, reflecting a decrease of 55%[6]. - The company’s deferred tax assets decreased slightly from RMB 1,300 thousand in 2022 to RMB 1,261 thousand in 2023, a decline of 3%[6]. - The company’s lease liabilities decreased from RMB 2,142 thousand in 2022 to RMB 1,938 thousand in 2023, a reduction of 9.5%[8]. Revenue Segments - The company’s total revenue from property management and value-added services is primarily derived from properties managed by related parties, indicating a focus on strategic partnerships for growth[10]. - Property management and value-added services generated revenue of RMB 278,245,000, up from RMB 256,775,000 in the previous year, reflecting a growth of 8.3%[23]. - The property engineering services segment reported revenue of RMB 40,469,000, a decrease of 20.5% from RMB 50,819,000 in 2022[23]. - Revenue from property engineering services decreased to approximately RMB 40.5 million, a reduction of about RMB 10.3 million or 20.3% from RMB 50.8 million for the year ended December 31, 2022[57]. - Revenue from independent third parties was RMB 289.3 million, accounting for 80.6% of total revenue, while revenue from related parties was RMB 69.7 million, accounting for 19.4%[55]. Strategic Initiatives - The company plans to continue exploring market expansion opportunities and new product development strategies in the upcoming fiscal year[4]. - The company aims to diversify its property management and value-added services across both residential and non-residential properties[51]. - The company acquired Zheng Zhi Yue to develop its property development business during the year[51]. - The company anticipates completing its property development projects by the end of 2025, indicating a strategic focus on market expansion[31]. - The company plans to focus on acquiring more property management projects, particularly in the mid-to-high-end non-residential sector, and selectively seek acquisition opportunities within the property management industry[92]. Corporate Governance - The board of directors acknowledges the importance of good corporate governance and has adopted corporate governance practices in line with the relevant codes[98]. - The audit committee consists of three independent non-executive directors, responsible for reviewing financial reports and internal controls[101]. - The company has adopted the standard code for securities trading by directors, confirming compliance for the current year[100]. - The board will continue to review and monitor the company's corporate governance practices[99]. Employee and Operational Costs - The total employee costs, including director remuneration, amounted to RMB 63,251,000 in 2023, up from RMB 50,271,000 in 2022, representing a 25.8% increase[1]. - Research and development expenses increased to RMB 4,252,000 in 2023 from RMB 3,218,000 in 2022, reflecting a growth of 32.1%[1]. - Selling and marketing expenses rose from approximately RMB 1.3 million to about RMB 2.4 million, an increase of approximately RMB 1.1 million or 84.6%, primarily related to business expansion this year[62]. - Administrative expenses increased from approximately RMB 35.5 million to about RMB 42.2 million, an increase of approximately RMB 6.7 million or 18.9%, mainly due to an increase in employee costs from expanded project management[63]. Acquisitions and Investments - The company completed the acquisition of Zhengzhi Yue Real Estate Co., Ltd. for a cash consideration of RMB 95,000,000 on December 26, 2023[42]. - The net identifiable assets acquired from Zhengzhi Yue amounted to RMB 95,000,000, with total cash outflow for the acquisition being RMB 94,854,000 after accounting for cash acquired[45]. - The group completed the acquisition of Zhengzhiyue for a total consideration of RMB 95 million on December 26, 2023[86]. Future Outlook - The company aims to enhance customer experience through the development of mobile applications and improve operational efficiency by upgrading its information technology systems[92]. - The company is committed to high-quality development, focusing on customer satisfaction and service transformation, with an emphasis on product upgrades and efficient operations[93]. - The company intends to deepen cost control and enhance value-added service revenue capabilities to promote sustainable profit models[94].

Revenue and Financial Performance - For the six months ended June 30, 2023, the Group's total revenue was approximately RMB 159.7 million, representing an increase of approximately RMB 4.1 million or 2.6% compared to RMB 155.7 million for the same period in 2022[19]. - The property management services segment generated revenue of RMB 135.3 million, accounting for 84.7% of total revenue, an increase from RMB 126.9 million or 81.5% in the previous year[21]. - Revenue from property management and value-added services rose by approximately RMB6.3 million or 4.8% to approximately RMB136.2 million for the period, driven by property portfolio expansion despite a downturn in the property market[25]. - Revenue from independent third parties increased to approximately RMB141.2 million, representing 88.4% of total revenue for the six months ended 30 June 2023, compared to 75.0% in the same period of 2022[24]. - Revenue from property engineering services was RMB 6.99 million, representing 4.4% of total revenue, a decrease from RMB 21.1 million or 13.6% in the previous year[21]. - Profit attributable to the owners of the parent decreased by approximately RMB11.2 million or 35.1% to approximately RMB20.8 million for the period[42]. - Gross profit slightly decreased by approximately RMB0.2 million or 0.5% to approximately RMB50.5 million, with a gross profit margin of approximately 31.6%, down from 32.6% in the previous year[31]. - Profit before tax decreased to RMB 31,153,000, down 27% from RMB 42,896,000 in the previous year[166]. - Total comprehensive income for the period was RMB 23,643,000, down from RMB 27,919,000 in the same period last year[167]. Assets and Liabilities - Total trade receivables increased to approximately RMB102.9 million as of 30 June 2023, up from approximately RMB83.5 million as of 31 December 2022, due to growth in properties under management and slower settlement from counterparties[51]. - Current assets increased by approximately RMB23.4 million or 4.0% to RMB607.3 million as of June 30, 2023, compared to RMB583.9 million as of December 31, 2022[66]. - Cash and cash equivalents rose by approximately RMB11.0 million or 2.4% to RMB478.7 million as of June 30, 2023, from RMB467.7 million as of December 31, 2022[66]. - Trade payables decreased by approximately RMB7.8 million or 18.7% to RMB33.9 million as of June 30, 2023, compared to RMB41.8 million as of December 31, 2022, due to timely settlements[57]. - Other payables and accruals increased by approximately RMB16.4 million or 27.1% to RMB77.0 million as of June 30, 2023, from RMB60.6 million as of December 31, 2022[58]. - Contract liabilities decreased by approximately RMB8.9 million or 13.3% to RMB57.9 million as of June 30, 2023, from RMB66.9 million as of December 31, 2022[59]. Strategic Initiatives and Market Position - The Group's strategy includes diversifying its portfolio to include both residential and non-residential properties[13]. - The Group aims to enhance the quality of property management systems through the provision of property engineering services[12]. - The property management market has intensified competition, which may hinder the Group's ability to secure new property management service contracts as planned[88]. - The Group aims to strengthen its position in property management by undertaking additional projects focused on mid to high-end non-residential properties[92]. - Future strategies include selectively pursuing merger and acquisition opportunities within the property management industry[92]. - The Group plans to enhance its property engineering services by offering new products with improved functionalities and technology[92]. - The Group sees opportunities in commercial properties, particularly in prime locations, due to market corrections allowing access to distressed sales[93][96]. - The acquisition is viewed as a strategic move into a new business segment with greater growth potential and higher profit margins in non-residential property investment and management[94][96]. Governance and Management Changes - The audit committee comprises three independent non-executive directors, responsible for reviewing financial reporting processes and risk management[136]. - Mr. Qiu Ming was appointed as an executive director, chairman, and CEO effective April 28, 2023, bringing 14 years of experience in the real estate industry[142]. - Mr. Zhu Jie resigned as executive Director, Chairman, and CEO effective April 28, 2023, to focus on other business commitments[145][147]. - The company has adopted corporate governance practices based on the Corporate Governance Code, ensuring compliance during the period[128]. Shareholder Information - As of June 30, 2023, Ms. Zhang Huiqi holds 226,350,000 shares, representing approximately 56.59% of the issued share capital[105]. - The ultimate holding company of the Company is Vistra Trust (BVI) Limited, as the trustee of the Blossom Trust[181]. - The Company was incorporated under the laws of the Cayman Islands on August 12, 2019, and its shares have been listed on the Hong Kong Stock Exchange since March 9, 2020[179]. - The company raised approximately HK$167.8 million (equivalent to RMB149.6 million) from the global offering of 100,000,000 new shares at HK$1.99 per share[119]. Future Outlook and Development Goals - The Group intends to upgrade its information technology systems to improve operational efficiency in property management[92]. - The Group aims to develop a smart internet technology platform for the entire country, focusing on enhancing technical strength in artificial intelligence and database technologies[98]. - The property management industry is entering a new era, and the Group is committed to setting clear development goals and maintaining innovation to reward stakeholders[100]. - The Group recognizes the need for innovation and substantial operations to reward shareholders and stakeholders effectively[100].

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，並明確表示概不就因本公告全 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。 Xingye Wulian Service Group Co. Ltd. 興 業 物 聯 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：9916） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 中 期 業 績 公 告 財務摘要 － 於 本 期 間，收 益 約 為 人 民 幣159.7百 萬 元，較 二 零 二 二 年 同 期 約 人 民 幣 155.7百萬元增加約2.6%。 － 於本期間，毛利約為人民幣50.5百萬元，較二零二二年同期約人民幣50.7 百萬元減少約0.5%。 － 於本期間，母公司擁有人應佔溢利約為人民幣20.8百萬元，較二零二二 年同期約人民幣32.0百萬元減少約35.1%。 － 於本期間，每股基本盈利約為人民幣5.19分，而二零二二年同期則約為 人民幣8.00分。 業績 興業物聯服務集團有限公司（「本公司」）董事（「董事」）會（「董事會」 ...