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兴业物联(09916) - 2022 - 年度财报
2023-04-25 11:44
Financial Performance - In 2022, total revenue from property management and property engineering services was RMB321.1 million, an increase of approximately RMB39.4 million or 14.0% compared to RMB281.7 million in the previous year[8]. - The gross profit margin decreased from 33.3% in the previous year to 31.0% in 2022[8]. - Net profit for the year was approximately RMB47.2 million, a decrease of approximately RMB7.3 million or 13.4% compared to RMB54.5 million in the previous year[8]. - Basic earnings per share amounted to RMB11.8 cents, representing a decrease of approximately 13.5% compared to the previous year[8]. - The gross profit for the year was RMB99.7 million, with a gross profit margin of 31.0%, down from 33.3% in the previous year[34]. - The net profit for the year was RMB47.2 million, reflecting a decrease from RMB54.5 million in 2021, resulting in a net profit margin of 14.7%[34]. - Revenue from property management and value-added services increased by approximately RMB28.4 million or 12.4% from approximately RMB228.4 million in 2021 to approximately RMB256.8 million in 2022[51]. - Revenue from property engineering services rose from approximately RMB45.7 million in 2021 to approximately RMB50.8 million in 2022, representing an increase of approximately RMB5.1 million or 11.2%[52]. - The cost of sales increased by approximately RMB33.5 million or 17.9% from approximately RMB187.9 million in 2021 to approximately RMB221.4 million in 2022, in line with revenue growth[56]. - Other income, net decreased by approximately RMB13.7 million or 82.5% from approximately RMB16.6 million in 2021 to approximately RMB2.9 million in 2022, mainly due to a decrease in government grants[58]. - Profit attributable to the owners of the parent decreased by approximately RMB7.3 million or 13.4% from approximately RMB54.5 million in 2021 to approximately RMB47.2 million in 2022[68]. - The board does not recommend the payment of a final dividend for the year[69]. Assets and Liabilities - The total assets of the company as of December 31, 2022, were RMB591.3 million, an increase from RMB532.2 million in 2021[36]. - The company expanded its portfolio of properties under management from approximately 6.6 million sq.m. as of December 31, 2021, to approximately 7.2 million sq.m. as of December 31, 2022[39]. - As of December 31, 2022, the total contract sum for contracted engineering services with remaining performance obligations amounted to RMB48.7 million, which will contribute to future revenue[40]. - The company's cash and cash equivalents increased to RMB467.7 million from RMB399.1 million in the previous year[36]. - The current ratio remained stable at 3.4 times for both years[36]. - Total trade receivables amounted to approximately RMB83.5 million, an increase of approximately RMB42.9 million or 105.7% from RMB40.6 million as of December 31, 2021, attributed to growth in properties under management and slower settlements from counterparties[77]. - Trade payables amounted to approximately RMB41.8 million, an increase of approximately RMB19.3 million or 85.8% compared to RMB22.5 million as of December 31, 2021, consistent with the increase in cost of sales[80]. - Contract liabilities decreased from approximately RMB74.0 million as of December 31, 2021, to approximately RMB66.9 million as of December 31, 2022, representing a decrease of approximately RMB7.1 million or 9.6%[86]. - Current assets increased to approximately RMB583.9 million, up by approximately RMB57.9 million or 11.0% from RMB526.0 million as of December 31, 2021[88]. Strategic Focus and Future Outlook - The company focused on the "Internet of Things and Big Data Platform" strategy to enhance service efficiency and integrate intelligent hardware with CRM systems[14]. - Xingye Wulian expanded its value-added business to include building advertising, gift selection, and asset management, achieving a strategic positioning of "full coverage and broad services"[15]. - The company aims to develop a smart internet technology platform serving the whole country, enhancing technical strength in artificial intelligence and database areas[22]. - Future property management improvements will prioritize customer service and aim to exceed customer expectations[23]. - The company plans to extend its property market expansion, focusing on office buildings and public services, while building barriers against professional service entrants[18]. - The Group plans to enhance property management and engineering services to diversify income streams and mitigate risks associated with the uncertain economic environment in the PRC property industry[109]. - The future outlook includes expanding into office buildings and public services, aiming to build barriers against professional service entrants[118]. - The Group aims to develop a smart internet technology platform and enhance technical strength in areas like artificial intelligence and databases[119]. - The Group emphasizes providing services that exceed customer expectations and fulfilling social responsibilities in urban services[120]. - The Group is positioned to accelerate development amid a competitive environment, focusing on innovation and scientific management to reward stakeholders[120]. Management and Governance - The company has a strong leadership team with extensive experience in real estate development and management, enhancing its strategic capabilities[138][144]. - The management team is committed to providing strategic advice to the board, ensuring informed decision-making[138][144]. - The Group's management structure includes a Remuneration Committee, Audit Committee, and Nomination Committee, ensuring robust governance[168]. - The Group's independent directors bring diverse expertise, contributing to informed decision-making and strategic oversight[168][169]. - The Group aims to leverage its management's extensive industry experience to drive growth and innovation in its operations[173][178]. - The Group's commitment to professional development is reflected in its management's educational qualifications and ongoing training in relevant fields[165][170]. - The Group's overall management is led by experienced professionals with over 14 years in property management and engineering services[181]. - The CFO, Ms. Shi, has over 13 years of experience in accounting, auditing, and corporate finance, enhancing the Group's financial oversight[190]. - The company secretary, Mr. Chang, has over 20 years of experience in accounting and corporate governance, strengthening the Group's compliance[195]. - The Group's management structure is designed to leverage the expertise of its members for strategic decision-making[186]. Market Presence and Growth - The company is focused on business development and investor relations, aiming to strengthen its market position[131]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by 2025[150]. - New product launches contributed to 30% of total revenue, with three major products introduced in the last quarter[150]. - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to $1.32 billion[150]. - Research and development expenses increased by 18%, totaling $150 million, focusing on innovative technologies[150]. - The company completed a strategic acquisition of a competitor, enhancing its service offerings and expected to generate an additional $200 million in revenue[150]. - A new partnership with a leading tech firm is expected to drive growth in the next fiscal year, with anticipated revenue contributions of $100 million[150].
兴业物联(09916) - 2022 - 年度业绩
2023-03-30 08:50
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) 有 關 本 公 司 二 零 二 二 年 業 績 公 告 之 補 充 公 告 茲提述興業物聯服務集團有限公司(「本公司」,連同其附屬公司統稱「本集團」) 於二零二三年三月二十九日刊發的公告,內容有關本集團截至二零二二年十二 月三十一日止年度的經審核年度業績(「二零二二年業績公告」)。除文義另有所 指外,本公告所用詞彙具二零二二年業績公告所界定的相同涵義。 本公司董事會謹此就二零二二年業績公告中出現之筆誤作出澄清。 暫停辦理股份過戶登記手續 24 本公司董事會(「董事會」)注意到,二零二二年業績公告第 頁「暫停辦理股份過 戶登記手續」一段中出現無心之筆誤。董事會謹此澄清(更正處已標識下劃線, 以便參考),為符合資格出席二零二三年股東 ...
兴业物联(09916) - 2022 - 年度业绩
2023-03-29 14:45
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) (1)截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 業 績 公 告, (2)建 議 修 訂 組 織 章 程 細 則 及 (3)採 納 第 二 份 經 修 訂 及 經 重 列 組 織 章 程 細 則 財務摘要 (cid:129) 於本年度,收益約為人民幣321.1百萬元,較截至二零二一年十二月三十一 日止年度增加約14.0%。 (cid:129) 於本年度,毛利約為人民幣99.7百萬元,較截至二零二一年十二月三十一 日止年度增加約6.3%。 (cid:129) 於本年度,母公司擁有人應佔溢利約為人民幣47.2百萬元,較截至二零 二一年十二月三十一日止年度的約人民幣54.5百萬元減少約13.4%。 (cid:1 ...
兴业物联(09916) - 2022 - 中期财报
2022-09-16 10:00
Revenue Performance - The Group's total revenue for the six months ended 30 June 2022 was approximately RMB155.7 million, representing an increase of approximately RMB22.5 million or 16.8% compared to RMB133.2 million for the same period in 2021[7]. - Revenue from property management and value-added services increased by approximately RMB27.4 million, while revenue from property engineering services decreased by approximately RMB4.9 million during the same period[7]. - Total revenue for the six months ended June 30, 2022, was approximately RMB 155.7 million, an increase of approximately RMB 22.5 million or 16.8% compared to RMB 133.2 million for the same period in 2021[8]. - Revenue from property management and value-added services increased by approximately RMB 27.4 million or 26.7% from approximately RMB 102.5 million in 2021 to approximately RMB 129.9 million in 2022[12]. - Revenue from property engineering services decreased by approximately RMB 4.9 million or 18.9% from approximately RMB 26.1 million in 2021 to approximately RMB 21.1 million in 2022[13]. - Total segment revenue for the Group reached RMB 155,663,000 in the first half of 2022, compared to RMB 133,230,000 in the same period of 2021, reflecting an increase of 16.9%[103]. Profitability and Financial Metrics - Gross profit for the six months ended June 30, 2022, was approximately RMB 50.7 million, a decrease of approximately RMB 1.4 million or 2.7% from RMB 52.2 million in 2021[16]. - Gross profit margin decreased to approximately 32.6% for the six months ended June 30, 2022, compared to approximately 39.2% for the same period in 2021[16]. - Profit before tax for the period was RMB 42,896,000, a decline of 13.9% from RMB 49,655,000 in the previous year[77]. - Profit for the period attributable to owners of the parent was RMB 31,983,000, down 14.5% from RMB 37,435,000 in the same period of 2021[77]. - Total comprehensive income for the period was RMB 27,919,000, compared to RMB 37,368,000 in the prior year, reflecting a decrease of 25.3%[77]. Cost and Expenses - Cost of sales increased by approximately RMB 23.9 million or 29.4% to approximately RMB 104.9 million for the six months ended June 30, 2022[16]. - Administrative expenses decreased by approximately RMB2.7 million or 16.5% from RMB16.5 million in the prior period to RMB13.8 million for the current period[17]. - Selling and marketing expenses remained stable at approximately RMB0.7 million for the period, compared to RMB0.6 million for the same period in 2021[17]. - Employee benefit expenses, including wages and salaries, increased to RMB 23,664,000, up 46.3% from RMB 16,186,000 in 2021[121]. Assets and Liabilities - Current assets amounted to approximately RMB 536.8 million, an increase of approximately RMB 10.8 million or 2.0% compared to RMB 526.0 million as of December 31, 2021[25]. - Total trade receivables increased to approximately RMB49.5 million, with net trade receivables at approximately RMB48.6 million as at 30 June 2022, up from RMB40.6 million and RMB40.0 million respectively as at 31 December 2021[18]. - Trade payables decreased by approximately RMB5.0 million or 22.1% to RMB17.5 million as at 30 June 2022, compared to RMB22.5 million as at 31 December 2021[19]. - Contract liabilities decreased from approximately RMB74.0 million as at 31 December 2021 to approximately RMB63.1 million as at 30 June 2022[24]. - The total net book value of property, plant, and equipment decreased by approximately RMB0.6 million or 33.8% to RMB1.1 million as at 30 June 2022[18]. Cash Flow and Liquidity - Cash and cash equivalents increased to approximately RMB 460.8 million, representing an increase of approximately RMB 61.6 million or 15.4% compared to RMB 399.1 million as of December 31, 2021[25]. - The current ratio as of June 30, 2022, was approximately 3.7 times, compared to 3.4 times as of December 31, 2021[25]. - Net cash flows from operating activities amounted to RMB 11,088,000, down from RMB 26,113,000 in the same period last year, reflecting a decline of 57.6%[85]. - Cash generated from operations was RMB 20,422,000, significantly lower than RMB 41,542,000 in the previous year, indicating a decrease of 50.8%[85]. Strategic Initiatives and Future Outlook - The Group plans to undertake additional property management projects focusing on mid to high-end non-residential properties[28]. - The Group aims to selectively pursue merger and acquisition opportunities within the property management industry[28]. - The Group intends to diversify its portfolio of pipeline properties to mid to high-end residential properties to optimize operational efficiency and maximize shareholder returns[29]. - The Group has implemented a strategy to expand its property portfolio to provide property management and value-added services, diversifying income streams amidst an uncertain economic environment[31]. Corporate Governance and Compliance - The company has complied with the relevant code provisions of the Corporate Governance Code during the period, except for deviation from code provision C.2.1[55]. - The roles of chairman and chief executive officer are held by Mr. Zhu Jie, who has significant expertise in the property business[55]. - The board will continue to review and monitor its corporate governance practices to maintain high standards[55]. - The independent auditor's review concluded that the interim financial information is prepared in accordance with IAS 34[72]. Related Party Transactions - Revenue from independent third parties was RMB 116.8 million, accounting for 75.0% of total revenue, compared to RMB 83.0 million or 62.3% in 2021[11]. - Related party revenue was RMB 38.8 million, representing 25.0% of total revenue, down from RMB 50.2 million or 37.7% in 2021[11]. - The Group reported service sales to related parties of RMB 38,847,000 for the six months ended June 30, 2022, a decrease of 22.7% from RMB 50,208,000 in the same period of 2021[153].
兴业物联(09916) - 2021 - 年度财报
2022-04-28 08:59
Financial Performance - The total revenue for the year ended 31 December 2021 was approximately RMB 281.7 million, representing an increase of approximately RMB 68.5 million or 32.1% from RMB 213.2 million for the previous year[11]. - The net profit for the year was approximately RMB 54.5 million, reflecting an increase of approximately RMB 11.0 million or 25.3% from RMB 43.5 million for the previous year[11]. - Revenue for the year 2021 reached RMB 281,660,000, an increase from RMB 213,188,000 in 2020, representing a growth of approximately 32%[28]. - Gross profit for 2021 was RMB 93,806,000, compared to RMB 86,739,000 in 2020, resulting in a gross profit margin of 33.3%, down from 40.7% in the previous year[28]. - Net profit for the year was RMB 54,528,000, up from RMB 43,503,000 in 2020, with a net profit margin of 19.4%[28]. - Other income, other gains and losses increased by approximately RMB7.1 million or 75.6% from approximately RMB9.4 million for the year ended 31 December 2020 to approximately RMB16.6 million for the Year, mainly due to more government grants received and increased interest income[52]. - The Group's provision of property management services to sales offices and show flats for related party projects contributed approximately RMB 28.9 million in revenue[46]. Property Management and Services - The gross floor area of properties under management increased by approximately 3.5 million sq.m. or 110.7% from approximately 3.1 million sq.m. at the end of 2020 to approximately 6.6 million sq.m. at the end of 2021[11]. - Revenue from property management and value-added services increased by approximately RMB 63.4 million or 38.4%, from approximately RMB 165.0 million in 2020 to approximately RMB 228.4 million in 2021[46]. - The portfolio of properties under management expanded from approximately 3.1 million sq.m. as of December 31, 2020, to approximately 6.6 million sq.m. as of December 31, 2021[33]. - The Group entered into 40 new property engineering contracts with an aggregated contract amount of approximately RMB 46.1 million for the year ended 31 December 2021[11]. - The total contract sum for contracted engineering services with remaining performance obligations amounted to RMB 86.5 million, which will contribute to future revenue[11]. - Revenue from independent third parties accounted for 67.9% of total revenue in 2021, increasing from 65.4% in 2020[45]. Financial Position - The total assets of the Group as of December 31, 2021, were RMB 532,229,000, an increase from RMB 430,254,000 in 2020[31]. - Cash and cash equivalents amounted to RMB 399,132,000, compared to RMB 369,166,000 in 2020, indicating improved liquidity[31]. - Total liabilities increased to RMB 161,721,000 from RMB 113,910,000 in 2020, reflecting a rise in financial obligations[31]. - Shareholders' equity rose to RMB 370,508,000, up from RMB 316,344,000 in 2020, indicating a stronger financial position[31]. - The Group's current ratio as of December 31, 2021, was approximately 3.4 times, compared to approximately 3.9 times as of December 31, 2020[68]. - The Group had no outstanding borrowings and unutilized banking facilities as of December 31, 2021, maintaining a nil gearing ratio[68]. Strategic Initiatives - The Group plans to upgrade the existing "Ai Ban" APP to the "Zheng Sheng Huo" APP, enhancing property service quality through IoT integration[14]. - The Group aims to diversify its services beyond property management, enhancing market competitiveness and brand influence[14]. - The focus on smart properties and IoT big data will continue, with plans to optimize the smart property platform for better resource sharing and service experience[14]. - The Group plans to undertake additional property management projects focusing on mid to high-end non-residential properties[82]. - The Group aims to selectively pursue merger and acquisition opportunities within the property management industry[82]. - The Group intends to participate in early-stage construction projects to secure property management agreements at later stages[82]. Corporate Governance and Management - The Group's management team includes professionals with extensive backgrounds in project management and financial oversight, enhancing operational efficiency[120]. - The Group is focused on improving financial reporting and investor relations under the guidance of its experienced financial team[120]. - The management emphasizes the importance of corporate governance and compliance in its operational framework[124]. - The Group's commitment to professional development is reflected in the qualifications and experiences of its senior management team[123]. Market Expansion and Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of 20% to $600 million[86]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share within the next two years[86]. - The company is exploring potential acquisitions to enhance its service offerings, with a budget of $100 million allocated for this purpose[86]. - The company aims to improve operational efficiency, targeting a 10% reduction in costs over the next year[86]. - The company plans to enhance its digital marketing strategy, aiming for a 20% increase in online sales[99]. Risk Management - The Group's profitability depends on its ability to control operating costs, particularly labor and subcontracting costs, which may fluctuate due to regulatory changes[132]. - The Group continues to implement internal controls and strategies to manage potential risks and uncertainties affecting its operations[132]. - The Group will continue to monitor the impact of the COVID-19 pandemic on its financial position and operating results[145].
兴业物联(09916) - 2021 - 中期财报
2021-09-29 08:57
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 F PORT INN RE E ■ ■■ E ■ " " E � �� ui I 0,50 (GO) ize CONTENTS 目錄 2 Corporate Information 公司資料 4 Management Discussion and Analysis 管理層討論及分析 15 Other Information 其他資料 23 Independent Review Report 獨立審閱報告 25 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 26 Interim Condensed Consolidated Statement of F ...
兴业物联(09916) - 2020 - 年度财报
2021-04-15 08:35
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 20 20 Annual Report 年 報 CONTENTS 目錄 | --- | --- | |----------------------------------------------------------------------------------------------------|-------| | | Page | | | 頁次 | | Chairman's Message 主席致辭 | 2 | | Corporate Information 公司資料 | 6 | | Financial Highlights 財務摘要 | 8 | | Management Discussion and Analysis 管理層討論及分析 | 10 | | Board of Directors and Se ...
兴业物联(09916) - 2020 - 中期财报
2020-09-14 09:00
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 15 0 8 网站 站 (2 000 《昌》 || O III ma ( IIII ala the the olia and ta blo a d CONTENTS 目錄 Corporate Information 公司資料 2 Management Discussion and Analysis 管理層討論及分析 4 Other Information 其他資料 15 Independent Review Report 獨立審閱報告 21 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 23 Interim Condensed Consolidate ...
兴业物联(09916) - 2019 - 年度财报
2020-04-27 09:22
2019 Annual Report 年報 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 CONTENTS 目錄 Page 頁次 Chairman's Message 主席致辭 2 Corporate Information 公司資料 5 Financial Highlights 財務摘要 7 Management Discussion and Analysis 管理層討論及分析 9 Board of Directors and Senior Management 董事會及高級管理層 23 Report of our Directors 董事會報告 34 Corporate Governance Report 企業管治報告 48 Independent Auditor's Report 獨立核數師報告 67 Consolidated Statement of ...