Financial Performance - Revenue recognized from property management services was RMB 79,040 thousand in 2023, down from RMB 106,702 thousand in 2022, indicating a decrease of approximately 26%[8] - Total revenue for the year ended December 31, 2023, was RMB 2,471,305 thousand, a decrease of 5.2% from RMB 2,606,042 thousand in 2022[40] - Gross profit for 2023 was RMB 515,705 thousand, down from RMB 555,894 thousand in 2022, reflecting a gross margin decrease[40] - The company reported a pre-tax loss of RMB 176,042 thousand for 2023, an improvement from a loss of RMB 248,346 thousand in 2022[40] - The net loss for the year was RMB 204,470 thousand, slightly higher than the net loss of RMB 199,595 thousand in the previous year[40] - Annual revenue was approximately RMB 2,471.3 million, a year-on-year decrease of about 5.2%[54] - Annual gross profit was approximately RMB 515.7 million, a year-on-year decrease of about 7.2%[54] - Annual net loss was approximately RMB 204.5 million, while the core net profit attributable to the parent company was approximately RMB 158.6 million, a year-on-year increase of about 10.7%[54] Income and Gains - Other income and gains totaled RMB 95,685 thousand in 2023, significantly up from RMB 28,181 thousand in 2022, representing an increase of approximately 239%[17] - Bank interest income rose to RMB 9,803 thousand in 2023, compared to RMB 1,848 thousand in 2022, marking an increase of approximately 431%[17] - The fair value gain on put options was RMB 69,411 thousand in 2023, a substantial increase from RMB 3,801 thousand in 2022[17] - The group’s other income from government grants was RMB 3,917 thousand in 2023, down from RMB 4,305 thousand in 2022[17] Contract Liabilities and Revenue Recognition - The total contract liabilities increased to RMB 95,453 thousand in 2023 from RMB 79,040 thousand in 2022, primarily due to an increase in short-term advances received from clients for property management services[7] - The group reported a total contract liabilities amount of RMB 95,453 thousand, with third-party liabilities at RMB 87,378 thousand and related party liabilities at RMB 8,075 thousand[7] - The group’s total liabilities from contracts with customers increased due to the rise in prepayments received for services not yet rendered[7] - The group has chosen not to disclose the remaining performance obligations for certain types of contracts, as most property management services do not have a fixed term[9] - The total liabilities related to contracts recognized by the company were not disclosed in the provided data, indicating a focus on revenue recognition[29] Assets and Liabilities - Non-current assets primarily located in mainland China amounted to RMB 2,086,000 thousand, down from RMB 3,051,000 thousand in 2022[25] - Total non-current assets decreased from RMB 998,051 thousand in 2022 to RMB 569,681 thousand in 2023[45] - Current assets increased from RMB 1,930,832 thousand in 2022 to RMB 2,035,102 thousand in 2023[45] - Total liabilities decreased from RMB 1,111,640 thousand in 2022 to RMB 1,074,208 thousand in 2023[76] - The total equity attributable to the parent company decreased from RMB 1,689,988 thousand in 2022 to RMB 1,463,199 thousand in 2023[64] - Non-current liabilities decreased significantly from RMB 164,687 thousand in 2022 to RMB 29,944 thousand in 2023[48] Dividends - The board proposed a final dividend of RMB 0.024 per ordinary share for the year ended December 31, 2023[54] - The group proposed a final dividend of RMB 0.024 per share for the year ending December 31, 2023, totaling RMB 23,656,000, up from RMB 21,685,000 in 2022[86] Operational Efficiency and Strategy - The group achieved a 28% increase in online payment rates for property owners in 2023, with AI customer service driving a 25% automation rate for inquiries[100] - The group aims to enhance operational efficiency through data-driven management and automation, addressing issues in frontline operations[101] - The group is committed to digital transformation, focusing on smart city initiatives and improving service experience through technology[101] - The company aims to enhance service quality and adapt to market competition by implementing the "Spark Plan" for high-quality growth[132] - The company plans to deepen the integration of property services with core value-added businesses, aiming to create a one-stop asset management service[160] - The company is committed to establishing a "Technology + Service" platform for high-quality development and aims to become a globally leading life service platform[162] Property Management and Projects - As of December 31, 2023, the total contracted management area for property management services was approximately 117.6 million square meters, with a total managed area of approximately 110.9 million square meters[54] - As of December 31, 2023, the residential property management area under management is approximately 69.3 million square meters, accounting for about 62.5% of the total managed area[112] - The management revenue from residential properties for the year was approximately RMB 983.3 million, representing about 52.1% of total property management service revenue, an increase of approximately 4.7% compared to the same period in 2022[112] - The company managed approximately 47.5 million square meters of property in the Greater Bay Area, representing about 42.8% of its total managed area[197] - The company has secured key projects in the industrial logistics park sector, including the Xi'an Cainiao Industrial Park and Hangzhou Alibaba Industrial Park, maintaining a leading position in this service area[127] - The company has strategically adjusted its managed property portfolio to pursue better profitability and cash collection performance[139] Customer Satisfaction and Market Outlook - Customer satisfaction increased by 3% in 2023, attributed to the implementation of the "Original Intention Plan" and enhanced service offerings[154] - The property management industry is expected to return to a growth trajectory as the real estate sector stabilizes, supported by favorable government policies[131]

智通财经APP数据显示，时代邻里(09928)、资本界金控(00204)、希慎兴业(00014)、中国水务(00855)于2024年3月1日进行了最新股东权益披露。 股票名称 机构名称 性质 变动前持股 变动后持股 持股比 时代邻里(09928) 王萌 好仓 20.00 万股 0股 0%(最新)0.02%(前次) 时代邻里(09928) 谢娆 好仓 20.00 万股 0股 0%(最新)0.02%(前次) 资本界金控(00204) CHINA HUI SHANG ENTERPRISER ASSOCIATION INTERNATIONAL GROUP LIMITED 好仓 3600.00 万股 5600.00 万股 6.47%(最新)4.16%(前次) 希慎兴业(00014) 利乾 好仓 114.80 万股 119.80 万股 0.12%(最新)0.11%(前次) 中国水务(00855) ORIX Corporation 好仓 3.08 亿股 3.22 亿股 19.75%(最新)18.87%(前次) 备注：持股数变动有可能因供股、合股、拆股等情况引起，请注意对照实际情况进行辨别。 ...

Financial Performance - For the six months ended June 30, 2023, the gross profit margin increased to 23.5%, up from 22.7% in the same period of 2022[12]. - The company reported a loss before tax of RMB 223,906, compared to a profit of RMB 60,786 in the prior year[154]. - The net loss for the period was RMB 242,147, a substantial decline from a profit of RMB 49,178 in the same period last year[154]. - Basic and diluted loss per share for the first half of 2023 was (25) RMB cents, compared to earnings of 3 RMB cents in the same period of 2022[12]. - For the first half of 2023, Times Neighborhood achieved a revenue of approximately RMB 1,221.8 million, representing a decrease of about 6.9% year-on-year[48]. - Gross profit for the same period was approximately RMB 287.6 million, down approximately 3.3% year-on-year, with a gross margin of approximately 23.5%, an increase of 0.8 percentage points year-on-year[48]. - The loss attributable to owners of the parent for the period was approximately RMB 243.6 million, compared to a profit of RMB 31.2 million in the same period last year, indicating a significant shift in financial performance[45]. - The total comprehensive loss for the period was RMB (241,722), compared to a comprehensive income of RMB 51,063 in the prior year[179]. Assets and Liabilities - The total assets as of June 30, 2023, were RMB 2,501,897, a decrease from RMB 2,928,883 as of December 31, 2022[35]. - The total liabilities decreased to RMB 1,077,299 as of June 30, 2023, compared to RMB 1,238,895 as of December 31, 2022[35]. - The total equity attributable to owners of the parent was RMB 1,424,598 as of June 30, 2023, down from RMB 1,689,988 as of December 31, 2022[35]. - Total non-current assets decreased from RMB 998,051,000 to RMB 612,423,000, a decline of approximately 38.6%[182]. - Total current assets decreased from RMB 1,930,832,000 to RMB 1,889,474,000, a decline of about 2.1%[182]. - Total current liabilities decreased from RMB 1,074,208,000 to RMB 988,920,000, a reduction of approximately 7.9%[182]. - Total equity decreased from RMB 1,689,988,000 to RMB 1,424,598,000, a decline of about 15.7%[186]. Cash Flow and Financial Management - Cash generated from operations was RMB 42,657,000, with income tax paid amounting to RMB 34,674,000, resulting in net cash flows from operating activities of RMB 7,983,000[188]. - The company reported a net cash flow from operating activities of RMB 7,983,000, a recovery from a negative cash flow of RMB 137,619,000 in the same period last year[188]. - Net cash flows from investing activities were RMB 1,349,000 for the first half of 2023, compared to a cash outflow of RMB (21,638,000) in the prior year[198]. - The company received interest income of RMB 4,034,000 from investing activities, compared to RMB 516,000 in the previous year[198]. - The total cash and bank balances, after deducting restricted bank deposits, amounted to RMB 839,937,000 as of June 30, 2023[198]. Property Management - The total contracted gross floor area (GFA) of property management as of June 30, 2023, was 129.0 million sq.m., a decrease of 2.4% from 134.1 million sq.m. in the same period of 2022[36]. - The number of property management projects decreased to 1,006 as of June 30, 2023, compared to the previous year[38]. - The area under management for third-party development projects increased to approximately 85.0 million sq.m. as of June 30, 2023, compared to the same period in 2022[38]. - The total number of property management projects under management was 906, with a total GFA of approximately 117.1 million sq.m.[191]. Shareholder and Corporate Governance - The major shareholder, Best Source Ventures Limited, holds 48.03% of the company's shares, totaling 473,431,769 shares[76]. - The company has complied with all provisions of the Corporate Governance Code for the six months ended June 30, 2023, ensuring high standards of governance[127]. - The Audit Committee has reviewed the interim report and confirmed the effectiveness of the risk management and internal control systems[125]. - The Group's employee remuneration is aligned with performance, skills, and market trends, with regular reviews to ensure competitiveness[116]. Employee and Operational Changes - As of June 30, 2023, the company had 7,409 full-time employees, a decrease from 10,268 full-time employees on June 30, 2022[99]. - Mr. Yao Xusheng resigned as an executive director on September 4, 2023, indicating a change in leadership[121]. - The Group is committed to ongoing training programs for employees to enhance their skills and knowledge[116]. Use of Proceeds - Approximately 12.5% of the total net proceeds, or HKD 97,982,485, was allocated to improving customer service quality through advanced technology and building a smart community[77]. - The total net proceeds raised from the placing and subscription of shares amounted to approximately HKD 779,596,946 after deducting relevant fees and expenses[82]. - Approximately 10% of the total net proceeds, or HKD 78,674,417, will be used for further developing a one-stop service platform[80]. - The company has decided to further defer strategic investment and acquisition plans, expecting unutilized net proceeds to be fully utilized on or before December 31, 2025[96].

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。 Times Neighborhood Holdings Limited 時 代 鄰 里 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：9928） 截至2023年6月30日止六個月的中期業績公告 業績 時代鄰里控股有限公司（「本公司」或「我們」或「時代鄰里」）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 期間（「期間」）的未經審核中期簡明綜合業績，連同2022年同期的比較數字如下： ...

Sales and Revenue Performance - Times Neighborhood's sales exceeded RMB100 million within two years of establishing the Neighborhood Renovation strategy[6]. - The Group's revenue for the year ended December 31, 2022, was approximately RMB 2,606.0 million, with a gross profit of approximately RMB 555.9 million[64]. - In 2022, the Group's revenue decreased by 4.2% to RMB 2,606,042,000 compared to RMB 2,719,747,000 in 2021[93]. - Revenue from community value-added services reached RMB 378.6 million during the reporting period[75]. - Revenue from property management services for the year ended December 31, 2022, was approximately RMB1,860.3 million, representing an increase of approximately 18.0% compared to RMB1,576.7 million in 2021[192]. - Revenue from residential property management was approximately RMB939.3 million, accounting for 50.5% of total property management revenue, and increased by approximately 20.8% from RMB777.7 million in 2021[192]. - Revenue from managing properties developed by third-party developers increased from RMB1,007.9 million in 2021 to RMB1,220.6 million in 2022, reflecting a growth driven by active business cooperation[200]. Company Recognition and Awards - Times Neighborhood ranked 11th in the Top 100 Property Management Companies in China, improving its ranking by one place[19]. - The brand value of Times Neighborhood reached a record high of RMB7.6 billion, reflecting its strong service capability and brand strength[23]. - The company was awarded three honors at the China Real Estate Brand Value Research Conference, showcasing its excellence in property service satisfaction[23]. - The company was awarded as a leading enterprise in growth among the Top 100 Property Management Companies in China in April 2022[44]. - Times Neighborhood was recognized as a leading enterprise in intelligent city services in China in April 2022[44]. - Times Neighborhood was awarded as a leading enterprise in ESG sustainability among property listed companies in May 2022[46]. - The company was recognized as a leading brand in professional operation of property management in September 2022[46]. - Times Neighborhood was ranked 7th in market expansion capability among property management listed companies in China in May 2022[46]. - The company was recognized as the 11th in the 2022 Top 100 Property Management Companies in China by CIA, highlighting its comprehensive strength in the industry[166]. Corporate Culture and Employee Engagement - Times Neighborhood held a corporate culture conference and published its first corporate culture e-book to strengthen team cohesiveness[10]. - The company launched a photography competition to capture beautiful moments, engaging both property owners and employees[27]. - The second festival for Creating a Better Life was successfully held, featuring seven community engagement events[25]. - The second Modern Service Creator Contest attracted over 300 employees and garnered attention from more than 100,000 people, promoting cultural discussion within the company[33]. - Times Neighborhood's corporate culture initiative aims to enhance employees' sense of identity and execution abilities, boosting long-term sustainable development[10]. Business Expansion and Market Presence - The Group's property management scale achieved steady growth, with a total contracted GFA of 134.1 million square meters and 1,064 contracted projects[61]. - The management scale in first- and second-tier cities accounted for 75.0% of the total managed GFA[70]. - The Group established six new partnerships with major clients in the industrial park sector during the year[70]. - The company has been deeply rooted in the Greater Bay Area for over 20 years, continuously expanding its property management scope in the region[181]. - The company aims to expand its customer base and property management portfolio through effective independent expansion strategies[194]. - The company increased its business scale and market share primarily through organic expansion in 2022[171]. Financial Performance and Challenges - The loss attributable to owners of the Company amounted to approximately RMB 213.6 million, while the core net profit was approximately RMB 162.1 million[68]. - The Group reported a loss attributable to owners of the parent of RMB 213,627,000, a significant decline from a profit of RMB 308,000,000 in 2021[93]. - Core net profit attributable to owners of the parent, excluding non-recurring expenses, decreased by 56.6% to RMB 143,305,000 from RMB 330,500,000[93]. - The overall economic environment and the real estate industry's downward cycle posed significant challenges to the Group[67]. - The Group improved its net operating cash flow through various measures to accelerate payment collections[68]. Management and Governance - The Group's management team has extensive experience in property management and related fields, with members holding various leadership positions in the industry[110][114]. - The company has a strong leadership team with extensive experience in property management and financial operations, enhancing its operational efficiency[118]. - The company emphasizes the importance of independent directors in ensuring corporate governance and accountability[137]. - The financial management center has been led by Ms. Zhou since August 2019, ensuring robust financial oversight[124]. - The company aims to enhance its operations and management through independent advice from its board members[149]. Community and Social Responsibility - Times Neighborhood actively participated in epidemic prevention efforts in 2022, providing logistical support and forming an "anti-epidemic vanguard" to assist in various regions[37]. - Times Neighborhood published its ESG report, detailing its development in six dimensions including responsible governance and quality service[21]. - The Group became the first property company in China to obtain the S&P ESG rating[85]. Property Management and Operations - The total managed gross floor area (GFA) increased to 118.7 million sq.m. from 105.5 million sq.m. in the previous year[93]. - The GFA under management from third-party property developers was approximately 88.5 million sq.m., accounting for 74.6% of the total GFA under management, down from 76.4% in 2021[197]. - The company has achieved rapid growth in GFA from third-party markets, leveraging its high-quality services and professional reputation[195]. - The company terminated certain property management contracts to reallocate resources to more profitable engagements, optimizing its service portfolio[177].

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。 Times Neighborhood Holdings Limited 時 代 鄰 里 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：9928） 截至2022年12月31日止年度之業績公告 及 建議修訂組織章程大綱及細則 年度業績摘要 • 年度收入約為人民幣2,606.0百萬元，同比減幅約4.2%。 • 年度毛利約為人民幣555.9百萬元，同比減幅約25.1%。 • 年度淨虧損約為人民幣199.6百萬元。年度核心淨利潤（不包括非經常性開 支）約為人民幣162.1百萬元，同比減幅約54.6%。 • 截至2022年12月31日，物業管理服務總合約建築面積約為134.1百萬平方 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 1,311,820, representing a 12.9% increase from RMB 1,162,141 in 2021[32] - Gross profit decreased by 14.9% to RMB 297,545 from RMB 349,683 in the previous year[32] - Profit attributable to owners of the parent for the period was RMB 31,222, down 79.6% from RMB 153,100 in 2021[32] - The total revenue from property management services for the first half of 2022 was approximately RMB 914.9 million, compared to RMB 730.5 million in the same period of 2021[77] - The total cost of sales increased by approximately RMB 201.8 million or 24.8% to approximately RMB 1,014.3 million for the six months ended June 30, 2022, compared to RMB 812.5 million for the same period in 2021[128] - The net profit decreased by approximately RMB 117.6 million or 70.5% to approximately RMB 49.2 million for the six months ended June 30, 2022, primarily due to decreased gross profit margins and impairment losses[155] Assets and Liabilities - Total assets as of June 30, 2022, were RMB 3,293,970, slightly up from RMB 3,268,735 at the end of 2021[32] - Total liabilities increased to RMB 1,353,585 from RMB 1,335,366 in the previous year[32] - Cash and bank balances decreased to RMB 660,821 from RMB 825,653 in 2021[32] - Total equity as of June 30, 2022, was RMB 1,940,385, compared to RMB 1,933,369 at the end of 2021[32] - Trade receivables increased by approximately RMB 165.7 million or 14.5% to approximately RMB 1,305.7 million as of June 30, 2022, consistent with income growth trends[163] - Prepayments, deposits, and other receivables increased by 11.1% to approximately RMB 300.2 million as of June 30, 2022, primarily due to business scale expansion[169] - Trade payables increased by approximately RMB 26.6 million or 4.7% to approximately RMB 596.0 million as of June 30, 2022, mainly due to business scale expansion[165] Market Presence and Expansion - The company is focusing on expanding its market presence and enhancing service offerings[31] - Times Neighborhood operates in 87 cities, enhancing its market presence and service coverage[52] - The company continues to focus on organic expansion to increase business scale and market share[54] - The company has been expanding its property management services in the Greater Bay Area for over 20 years, enhancing its competitive advantage in the region[67] - The company has diversified its property management portfolio, increasingly focusing on non-residential properties such as commercial buildings, government buildings, and hospitals[67] Revenue Streams - Revenue from residential property management for the first half of 2022 was approximately RMB 426.6 million, representing a 25.0% increase compared to RMB 341.2 million in the same period of 2021[72] - Revenue from managing properties developed by third-party developers increased by 31.2% from RMB 460.4 million in the first half of 2021 to RMB 604.1 million in the first half of 2022[81] - Community value-added services revenue rose by 12.7% to approximately RMB 200.9 million in the first half of 2022, up from RMB 178.2 million in the same period of 2021[89] - Revenue from resident services increased by 9.7% to approximately RMB 147.9 million in the first half of 2022 compared to the same period in 2021[90] - Revenue from value-added services to non-property owners decreased by 42.8% to approximately RMB 97.2 million in the first half of 2022, down from RMB 170.0 million in the same period of 2021[93] Strategic Initiatives - The company adheres to a core strategy of "4321" to strengthen its position in key urban areas and diversify its business offerings[46] - The Group aims to enhance brand effect and expand core areas through the "Starfire Plan" to improve management density in cities already entered[118] - The company is focusing on enhancing business strength and service quality to improve brand reputation and market competitiveness in response to industry challenges[109] - The Group will continue to focus on customer service and the essence of enterprise operations while fulfilling corporate responsibilities[119] Industry Trends and Challenges - The property management industry is experiencing a cooling in the mergers and acquisitions market, with a significant decrease in the number of large transactions in the first half of 2022[109] - The listing process of property companies slowed down in the first half of 2022, indicating a shift in the capital market dynamics for the industry[109] - The property management industry is expected to differentiate into various paths in terms of business models and enterprise forms, requiring a clear strategic direction for future development[117] Operational Efficiency - The overall gross profit margin decreased by 7.4 percentage points year on year to 22.7% for the six months ended June 30, 2022, primarily due to increased labor costs and changes in business structure[135] - The gross profit margin of property management services decreased by 4.0 percentage points due to increased labor costs from adjustments in employee compensation[136] - The gross profit margin of community value-added services decreased by 10.1 percentage points, attributed to strategic expansion leading to revenue growth but a decline in gross profit margin due to service portfolio adjustments[139] - The gross profit margin of value-added services to non-property owners decreased by 23.7 percentage points, primarily due to cyclical impacts on revenue and gross profit margin from China's real estate market[140] Cash Flow and Financial Position - As of June 30, 2022, the Group maintained a current ratio of 1.94 times, indicating a stable liquidity position[184] - The Group reported a net cash status with no outstanding interest-bearing borrowings as of June 30, 2022[184] - There were no significant contingent liabilities reported as of June 30, 2022[187] - The Group did not engage in any hedging activities for managing foreign exchange rate risk as of June 30, 2022[189] Corporate Governance - The Board did not recommend the payment of any interim dividend for the six months ended June 30, 2022[199] - There were no significant investments, acquisitions, or disposals of subsidiaries during the six months ended June 30, 2022[197] - The Group did not have any financial guarantees or pledged assets as of June 30, 2022[185][186] - The Group is closely monitoring RMB exchange rate fluctuations for potential hedging arrangements[189] - No significant events occurred after the six months ended June 30, 2022[198]

Business Expansion and Partnerships - Times Neighborhood launched the Neighborhood Services Pro APP, providing "one-stop" services for property owners, including property fee payment and house maintenance[8]. - Times Neighborhood opened four lease and sales centers in Foshan, marking its commitment to upgrading and deepening its market presence[14]. - The company entered into an equity cooperation with Hitachi Elevator to establish a new service ecosystem, enhancing its service quality[19]. - A cooperation agreement was signed with China Lesso Group to explore diversified property services in key urban areas[22]. - Times Neighborhood signed a partnership with Xiong Feng Group to enhance service quality through intelligent technology and value-added services[24]. - The company collaborated with Huamei International Education Group to improve school property services using digital and intelligent methods[28]. - The company partnered with GDleju Commercial Group to enhance regional business services, officially providing services for the GDleju Commercial Group Building[37]. Community Engagement and Environmental Initiatives - Times Neighborhood successfully held the first "Beauty Creation Festival," engaging over 300,000 families in community activities[31]. - The company initiated a series of low-carbon environmental activities, promoting carbon neutrality and sustainability within its communities[34]. - Times Neighborhood launched the "Carbon Reduction Convention of Times Community" to promote low-carbon initiatives across its communities in China[35]. - Times Neighborhood's efforts in environmental protection included community-based activities to promote carbon neutrality and low-carbon living[35]. - The company actively promoted the "National Green and Low-carbon Action" initiative, engaging in various community-based environmental protection activities[79]. Financial Performance and Growth - The company achieved a revenue of approximately RMB 2,719.7 million, reflecting a year-on-year growth of about 54.7%[71]. - Gross profit amounted to approximately RMB 742.1 million, with a year-on-year increase of around 39.8%[71]. - Community value-added service revenue was approximately RMB 547.1 million, showing a significant year-on-year growth of about 193.8%[71]. - The total contracted gross floor area (GFA) reached 132.0 million square meters, with 1,038 contracted projects as of December 31, 2021[69]. - The managed area successfully surpassed 100 million square meters, representing a year-on-year increase of approximately 53.3%[71]. - The company reported a significant increase in revenue, achieving a total of $1.2 billion for the fiscal year, representing a 15% year-over-year growth[137]. - Revenue for 2021 reached RMB 2,719,747, an increase of 54.7% compared to RMB 1,758,427 in 2020[100]. Recognition and Awards - The company was included in the Hang Seng Property Service and Management Index, reflecting its leading position in the Hong Kong market[12]. - Times Neighborhood was recognized as the 12th in the Top 100 Property Management Companies in China by the China Index Academy in 2021[40]. - Times Neighborhood was awarded as one of China's Top 15 Listed Property Management Companies in 2021 by the China Property Management Institute[44]. - The company was recognized as a leading enterprise in market expansion among listed property companies in China in 2021[44]. - Times Neighborhood was named a leading brand in professional operation of property management in 2021 by the China Index Academy[44]. - The company received accolades for its innovative property management solutions, being recognized as a Company with Property Innovation in 2021[44]. Management and Governance - The establishment of an Environmental, Social and Governance (ESG) committee was announced to guide the company's ESG management policies and strategies[79]. - The company has a diverse board with members possessing extensive experience in finance, law, and corporate governance[143]. - The independent non-executive directors are responsible for providing independent opinions on the group's operations and management[145]. - The board composition reflects a commitment to strong governance and oversight within the company[149]. - The company emphasizes the importance of independent directors in ensuring transparency and accountability in its operations[144]. Strategic Focus and Future Plans - The company is focusing on core business areas and actively expanding in key urban clusters[71]. - The company plans to focus on four core urban agglomerations: Guangdong-Hong Kong-Macao Greater Bay Area, Yangtze River Delta, Chengdu-Chongqing, and Central China[95]. - The company aims to enhance community-based value-added services through the establishment of "housing groups" and "resident groups"[96]. - The company will continue to invest in technology to optimize customer experience and improve operational efficiency[96]. - The company aims to diversify its business scope while increasing its market share through strategic investments and acquisitions[167]. Market Presence and Operations - The company has established a strong presence in the Guangdong-Hong Kong-Macao Greater Bay Area, being recognized as a leading enterprise in the property management market in that region[49]. - As of December 31, 2021, the company managed property services across 87 cities, with 901 property management projects and a total managed area of approximately 105.5 million sq.m.[166]. - The company has 137 contracted property management projects yet to be handed over, with an undelivered area of approximately 26.5 million sq.m.[166]. - The company continues to benefit from the rapid growth of Times China Group's real estate development business while expanding into independent third-party markets[183].

Financial Performance - Revenue for the six months ended June 30, 2021, was RMB 1,162,141,000, representing a 65.5% increase from RMB 701,952,000 in 2020[38]. - Gross profit for the same period was RMB 349,683,000, up 75.6% from RMB 199,099,000 in 2020[38]. - Profit attributable to owners of the Company for the period was RMB 153,100,000, an increase of 81.8% compared to RMB 84,174,000 in 2020[38]. - The Company reported a significant increase in profit for the period, which was RMB 166,760,000, reflecting a 98.1% increase from RMB 84,246,000 in 2020[38]. - Total revenue for the first half of 2021 was approximately RMB169.99 million, a decrease from RMB185.37 million in the same period of 2020[95]. - The Group's net profit for the six months ended June 30, 2021, was approximately RMB166.8 million, an increase of approximately RMB82.6 million or 98.1% compared to RMB84.2 million for the same period in 2020[164][169]. Assets and Liabilities - Total assets as of June 30, 2021, amounted to RMB 2,969,411,000, compared to RMB 2,648,951,000 as of December 31, 2020[38]. - Total liabilities increased to RMB 1,183,698,000 as of June 30, 2021, from RMB 887,254,000 at the end of 2020[38]. - Cash and bank balances were RMB 931,340,000 as of June 30, 2021, down from RMB 1,172,703,000 at the end of 2020[38]. - Total equity attributable to owners of the Company was RMB 1,785,713,000 as of June 30, 2021, compared to RMB 1,670,400,000 at the end of 2020[38]. - Trade receivables as of June 30, 2021, amounted to approximately RMB756.9 million, representing an increase of approximately RMB182.8 million or 31.8% from RMB574.1 million as of December 31, 2020[172][178]. - Trade payables as of June 30, 2021, were approximately RMB364.4 million, an increase of approximately RMB88.9 million or 32.3% from RMB275.5 million as of December 31, 2020, mainly due to business expansion[174][180]. - Other payables and accruals increased by approximately 21.2% to approximately RMB448.5 million as of June 30, 2021, from RMB370.1 million as of December 31, 2020, primarily due to the expansion of the Company's business scale[175][181]. Growth and Expansion - The Company continues to focus on market expansion and enhancing service offerings to drive future growth[37]. - New product development initiatives are underway to strengthen the Company's competitive position in the market[37]. - As of June 30, 2021, the total contracted GFA of property management projects was approximately 124.4 million sq.m., an increase of approximately 65.3% compared to the same period in 2020[47]. - The number of property management projects under management reached 814, covering a total GFA of approximately 97.9 million sq.m.[47]. - Times Neighborhood expanded its property management services to 75 cities, with 154 contracted property management projects yet to be handed over, covering an area of approximately 26.4 million sq.m.[51]. - The company achieved a significant increase in market share through organic expansion and strategic acquisitions in the first half of 2021[55]. Revenue Streams - Revenue from community value-added services for the six months ended June 30, 2021, was approximately RMB178.2 million, representing a year-on-year increase of approximately 249.4%[52]. - Revenue from property management services rose from RMB424.6 million in the first half of 2020 to RMB730.5 million in the first half of 2021, an increase of 72.0%[86]. - Revenue from managing properties developed by third-party property developers increased from RMB197.8 million in the first half of 2020 to RMB460.4 million in the first half of 2021, a growth of 132.5%[90]. - Revenue from resident services increased by 459.3% to approximately RMB134.8 million compared to the same period in 2020[109]. - Revenue from community value-added services increased by 249.4% to approximately RMB178.19 million compared to RMB50.96 million in the first half of 2020[105]. Strategic Initiatives - The Company aims to create a "Technology + Service" core platform for the entire life cycle, adhering to its "4321" core strategy[47]. - The company introduced approximately 100 brand partners to enhance its online and offline community economic ecosystem[52]. - The company aims to further increase value-added service revenue through the expansion of residential property management[81]. - The company aims to maintain strategic direction and pursue diversified development to ensure long-term stable growth amid increasing competition in the property management sector[116]. - The company recognizes the importance of adapting to changing political, economic, and social landscapes, which will significantly alter the property management industry[125]. Industry Trends and Challenges - The property management industry is experiencing increased consolidation, with acquisition amounts surpassing the previous year's total in the first half of 2021[116]. - The property management industry is expected to face increasing competition as more companies go public and industry concentration rises, necessitating differentiated development strategies[134]. - The government has introduced favorable policies for the property management industry, emphasizing the integration of property services into grassroots governance and the promotion of a "property service + life service" model[120]. - The government’s focus on urban governance and community-level management is expected to enhance the role of property management companies in contributing to new urbanization efforts[133].

Financial Performance - The Group's revenue for the year ended December 31, 2020, was approximately RMB 1,758.4 million, representing a year-on-year increase of approximately 62.6%[52]. - Gross profit for the same period was approximately RMB 531.0 million, with a year-on-year increase of approximately 73.9%, resulting in a gross profit margin of approximately 30.2%, up by 2.0 percentage points[55]. - Core net profit attributable to owners of the parent was approximately RMB 232.6 million, reflecting a year-on-year increase of approximately 93.7%[55]. - Total assets reached RMB 2,648,951,000, a significant increase from RMB 1,500,942,000 in the previous year[85]. - Total equity attributable to owners of the Company grew to RMB 1,720,333,000, compared to RMB 895,992,000 in 2019[85]. - Revenue increased by 62.6% to RMB 1,758,427,000 compared to RMB 1,081,341,000 in the previous year[85]. - Gross profit rose by 73.9% to RMB 531,048,000 from RMB 305,297,000 year-on-year[85]. - Core net profit attributable to owners of the Company surged by 141.5% to RMB 232,606,000, up from RMB 96,313,000[85]. - Net profit margin increased to 13.5%, compared to 8.8% in the previous year[85]. - Basic and diluted earnings per share rose to 25 RMB cents, up from 13 RMB cents year-on-year[85]. Market Expansion and Acquisitions - The company acquired 51% equity interest in Shanghai Kejian Property Services Co., Ltd., entering the industrial logistics real estate property management sector[7]. - The company signed an equity transfer agreement to acquire 49% of Chengdu Holytech Technology Co., Ltd., expanding its market share in Southwest China[10]. - The Group successfully acquired Guangzhou Haoqing Property Management Co., Ltd. and Guangzhou Yaocheng Property Management Co., Ltd., and entered the electricity property management sector by acquiring 51% of Shanghai Kejian Property Services Co., Ltd.[60]. - The company expanded into cities including Suzhou, Chongqing, Wuhan, Chengdu, Nanjing, Zhengzhou, Ningbo, Shenyang, Wuxi, Huzhou, Langfang, and Nanning in 2020[165]. - The company is expanding into independent third-party markets, achieving rapid growth in GFA obtained from this expansion[191]. Recognition and Awards - Times Neighborhood Holdings Limited was recognized as one of the Top 100 Property Management Companies in China for 2020[13]. - The company was awarded for its quality service and investment value in the property management sector in 2020[14]. - Times Neighborhood Holdings Limited ranked 12th in the Top 100 Property Management Companies in China in 2020[16]. - The company was recognized as one of the Top 5 Leading Enterprises in Urban Property Management in China by CIA[16]. - Times Neighborhood Holdings Limited was listed among the Top 10 Listed Property Management Companies in Terms of Overall Strength in China[16]. - The Group was recognized as the 12th among China's top 100 property service companies by China Index Academy, reflecting its comprehensive strength in the industry[63]. - The Group was recognized as one of the Top 5 Excellent Listed Property Management Enterprises with Investment Value in China[16]. - The company was acknowledged in the Top 100 Property Management Companies in Terms of Brand Value in 2020[21]. - The company was recognized as a leading enterprise in terms of quality property management in 2020[21]. Strategic Initiatives - The company established a "5G + Future Community Joint Laboratory" with Alibaba and China Mobile, aiming to develop future community solutions[8]. - Times Neighborhood Holdings Limited reached strategic cooperation with Nehe City and Fufeng County, marking a transition to comprehensive city management services[10]. - The Group aims to expand its management scale horizontally and enhance value-added services vertically under the "4321" core strategy[66]. - The Group plans to deepen its presence in four core urban agglomerations: the Greater Bay Area, Yangtze River Delta, Chengyu region, and Central China[67]. - A core platform of "Technology + Service" will be established to digitize and standardize business processes, enhancing customer experience[73]. - The Group anticipates steady growth in the property service management industry, driven by increasing service demand and digital transformation[79]. - The Group's first Three-year Plan will focus on high-quality and sustainable growth, aiming to provide better services across China[80]. Property Management and Services - The total number of projects under management reached 527, with a total contracted GFA of 111.6 million sq.m., an increase of 92.4% compared to the previous year[59]. - The total GFA under management was 98.7 million sq.m., including 518 property management service projects with a total GFA exceeding 68.8 million sq.m.[59]. - Revenue from community value-added services was approximately RMB 186.2 million, representing a year-on-year increase of approximately 135.1%[61]. - The company’s main business includes property management services, value-added services to non-property owners, community value-added services, and other professional services, covering the entire property management value chain[163]. - The company provided property management services and value-added services for 17 urban redevelopment projects as of December 31, 2020[200]. - Revenue from urban redevelopment project services increased from RMB 7,922 thousand in 2019 to RMB 35,145 thousand in 2020, a growth of 344.5%[199]. Leadership and Management - The company has a strong leadership team with extensive experience in property management and financial oversight, enhancing operational efficiency[118]. - The financial management team has a robust background in auditing and financial reporting, ensuring compliance and accuracy in financial statements[121]. - The leadership team is focused on integrating strategic business resources to drive overall development and project management[124]. - Ms. Xie Rao has been recognized as one of "China's Top 100 Property Managers in 2020" and "China's Top 50 Property Managers in Greater Bay Area in 2020" by Leju Finance[115]. - Ms. Zhou Rui has been serving as the general manager of the financial management center since August 2019, overseeing financial management and internal control[120]. - Mr. Bai Xihong has been with Times China Group since May 2001, currently serving as the chairman of the strategic and resources management committee[124]. Stock Market Performance - Times Neighborhood Holdings Limited was admitted as a constituent stock of the MSCI China Small Cap Index[7]. - The company was included in the Hang Seng Composite Index and Hang Seng Stock Connect Hong Kong Index Series[9]. - The Group's stock was included in the Hang Seng Composite Index and MSCI China Small Cap Index, indicating strong performance in the capital market[63]. - The Group's shares were also included in the Hang Seng Stock Connect Hong Kong Index and other related indices, indicating a broader market presence[93]. Growth in Non-Residential Properties - Non-residential properties accounted for 67.6% of the total GFA under management in 2020, with revenue from these properties rising to 50.5% of total revenue[188]. - The GFA of non-residential properties under management increased from approximately 24.1 million sq.m. in 2019 to approximately 46.5 million sq.m. in 2020[188]. - The proportion of revenue generated from managing non-residential properties increased from 39.1% in 2019 to 50.5% in 2020[189]. - Revenue from managing properties developed by third-party property developers increased from approximately RMB 296.1 million in 2019 to approximately RMB 517.5 million in 2020, a growth of 74.6%[194].