Financial Performance - The company's operating revenue for the first half of the year reached ¥584,912,167.28, representing a 24.83% increase compared to ¥468,552,831.77 in the same period last year[21]. - Net profit attributable to shareholders was ¥56,039,726.64, up 32.15% from ¥42,406,105.24 year-on-year[21]. - The net cash flow from operating activities increased by 35.19%, amounting to ¥65,431,033.89 compared to ¥48,400,476.33 in the previous year[21]. - The company's total assets grew by 14.65% to ¥1,539,414,909.62 from ¥1,342,695,531.09 at the end of the previous year[21]. - Basic earnings per share rose to ¥0.42, a 27.27% increase from ¥0.33 in the same period last year[20]. - The weighted average return on equity increased to 8.47%, up from 7.85% year-on-year[20]. - The company's net assets attributable to shareholders increased by 3.93% to ¥663,946,657.02 from ¥638,859,311.58 at the end of the previous year[21]. - The company achieved a 71.70% year-on-year increase in advance receipts, totaling ¥223,756,088.15, due to the growth in managed projects[44]. Business Operations - The company operates under a fixed service fee model, where any surplus or loss is borne by the property service enterprise[10]. - The company provides value-added services such as housekeeping and indoor maintenance to residents[11]. - The company has a diverse range of property management services tailored to different types of properties[11]. - The company is expanding its service offerings by establishing specialized subsidiaries to provide personalized services, enhancing profitability[28]. - The company is leveraging mobile internet, IoT, and big data technologies to build a community service platform, improving service experience for homeowners[28]. - The company aims to become a leader in asset management services and "stock real estate operation" by focusing on rental market trends and providing stable rental returns[28]. - The company has formed partnerships with over 100 developers, including Yintai Land and Alibaba, to ensure project stability and expansion[35]. - The company has expanded its service offerings beyond traditional property management to include urban service product development[37]. Market Position and Competition - The average managed area of the top 100 property service companies reached 37.18 million square meters in 2018, a year-on-year increase of 17.52%[31]. - The market share of the top 100 companies increased to 38.85% in 2018, up from 32.42% in 2017, indicating a rapid increase in industry concentration[31]. - The average managed area for the top 10 companies was 239 million square meters, which is 6.43 times the average of the top 100 companies[31]. - The average service fee for office and commercial projects reached 19.94% and 14.45% of total revenue, respectively, up from 14.41% and 12.56% in 2017[31]. - The company is actively expanding its national market presence, but its property management services are still primarily concentrated in the Yangtze River Delta region, which poses risks if competition intensifies or if there are adverse changes in local government policies[51]. - The company faces market risks due to the low concentration of the property management industry in China, with many small players and increasing competition, necessitating rapid improvement in service and management capabilities[50]. Risk Management - The report includes a detailed description of potential risks faced by the company, which investors are advised to review[6]. - The company has committed to maintaining the stability of its core management personnel, which is crucial for sustaining its competitive edge as it scales operations[52]. - The company is facing operational risks related to its rapid expansion, which requires enhanced management and resource integration capabilities[52]. - The company has a risk of diluted return on net assets due to the implementation cycle of its fundraising projects, which may not yield high returns before reaching full production[52]. - The company operates on a fixed fee model for property management services, which exposes it to financial risks if property fees are not collected on time, potentially impacting overall operations[51]. - The company is in a labor-intensive industry and relies on both in-house staff and outsourced services, making it vulnerable to rising labor costs and potential service delivery issues from third-party providers[50]. Shareholder and Governance - The board of directors confirmed that the financial report is true, accurate, and complete, with no false records or major omissions[7]. - The company has not proposed any profit distribution or capital reserve increase for the half-year period, indicating a focus on reinvestment or cash preservation[55]. - Major shareholders have pledged to maintain their shareholdings and will only reduce their stakes under specific conditions, ensuring no impact on the company's control[58]. - The company will disclose any failure to fulfill commitments regarding information disclosure violations promptly[59]. - The company has implemented a lock-up period for its major shareholders, preventing them from transferring shares for a specified duration, which may stabilize stock performance post-IPO[57]. - The company has committed to compensating investors for losses incurred due to false statements or omissions in the prospectus within 30 days of liability recognition[60]. Financial Management - The company has implemented a comprehensive training system to enhance employee skills and satisfaction, contributing to its competitive advantage[34]. - The company's financial expenses decreased significantly by 179.33%, resulting in a net financial income of -¥589,388.91, due to improved cash management[41]. - Research and development expenses decreased by 53.47% year-on-year to ¥579,535.16, as the information system was under adjustment and maintenance[41]. - The company reported a significant increase in prepayments, which rose to approximately RMB 14.83 million from RMB 5.72 million, a growth of about 159%[104]. - The company’s total external equity investment reached ¥293,245,000.00, all of which were investments in subsidiaries[47]. - The company has upgraded its service system to version 2.0 and renovated community service centers, enhancing customer experience and service quality[38]. Compliance and Legal Matters - The company has not reported any major litigation or arbitration matters during the reporting period[67]. - There were no significant changes in the company's accounting firm or any non-standard audit reports issued[66]. - The company has not engaged in any major asset acquisitions or equity purchases during the reporting period[71]. - The company confirmed that there were no major contracts or leasing matters that required separate disclosure[74]. - The company has not reported any bankruptcy reorganization matters during the reporting period[66]. Accounting Policies and Financial Reporting - The company’s financial report for the first half of 2019 is unaudited[7]. - The company implemented changes in accounting policies effective from January 1, 2019, due to the revised financial reporting standards, impacting the presentation of receivables and payables[81]. - The company’s accounting policies comply with the requirements of the enterprise accounting standards, ensuring accurate financial reporting[149]. - The company recognizes financial assets when it becomes a party to the financial instrument contract, measuring them initially at fair value[158]. - The company assesses expected credit losses based on historical loss experience and future economic conditions, applying a simplified measurement method for receivables[168].

Financial Performance - Operating revenue rose by 24.62% to CNY 291,925,163.63 year-on-year[6] - Net profit attributable to shareholders increased by 0.98% to CNY 21,052,948.27[6] - Basic and diluted earnings per share both rose by 18.18% to CNY 0.26[6] - Total operating revenue for Q1 2019 reached CNY 291,925,163.63, an increase of 24.6% compared to CNY 234,253,117.64 in Q1 2018[23] - Net profit attributable to shareholders for Q1 2019 increased to CNY 194,277,171.15, compared to CNY 167,153,895.55 in the previous year, reflecting a growth of 16.2%[21] - The total profit for Q1 2019 was CNY 38,647,253.04, which is a 34.9% increase from CNY 28,671,892.67 in Q1 2018[25] - The operating profit for Q1 2019 was CNY 38,286,463.55, an increase of 36.0% from CNY 28,149,659.03 in Q1 2018[25] Cash Flow - Cash flow from operating activities improved significantly, with a net cash flow of CNY 175,324.13 compared to a loss of CNY 4,360,016.47 in the same period last year, marking a 104.02% increase[6] - The net cash flow from operating activities improved significantly to CNY 175,324.13 from a negative CNY 4,360,016.47, indicating a substantial increase in cash inflows from advance payments[13] - The total operating cash inflow was CNY 376,637,275.97, while the total operating cash outflow was CNY 376,461,951.84, resulting in a net cash flow of CNY 175,324.13[31] - The cash received from sales of goods and services was CNY 322,415,837.25, an increase of 26.3% compared to CNY 255,256,821.96 in the same period last year[31] - The cash flow from financing activities showed a net increase of CNY 220,000.00, compared to a net increase of CNY 285,536,669.12 in the previous year[32] Assets and Liabilities - Total assets increased by 6.94% to CNY 1,435,886,193.76 compared to the end of the previous year[6] - The company's accounts receivable and notes receivable increased by 37.35% to CNY 291,485,625.03 compared to CNY 212,215,661.47 at the beginning of the year, primarily due to the increase in managed projects and the consolidation of Jin Feng Property[13] - The company's total current liabilities increased, with accounts payable and notes payable reaching CNY 159,344,207.76, compared to CNY 146,255,023.80 at the beginning of the year[16] - Total liabilities as of March 31, 2019, were CNY 591,016,049.01, slightly up from CNY 579,714,253.06 at the end of 2018, representing an increase of 2.2%[20] - The company's total current assets amounted to CNY 1,099,096,685.96, reflecting stable liquidity position[37] Shareholder Information - The number of shareholders reached 6,780 at the end of the reporting period[10] - The largest shareholder, Zhejiang Nandu Real Estate Service Co., Ltd., holds 34.36% of the shares[10] - The actual controller of the company, Ms. Han Fang, holds a total of 56.98% of the shares, ensuring stable control over the company[12] Expenses - Sales expenses surged by 99.72% to CNY 4,304,141.80 from CNY 2,155,039.63, reflecting the company's intensified market development efforts[13] - Management expenses increased by 65.07% to CNY 37,091,139.33 from CNY 22,470,389.97, driven by the increase in managed projects and the consolidation of Jin Feng Property[13] - The company incurred a total operating cost of CNY 151,867,211.16 in Q1 2019, which is an increase from CNY 139,257,304.71 in Q1 2018[27] Investment Activities - The company reported a significant increase in investment activities, with net cash flow from investment activities at negative CNY 98,706,197.46, compared to negative CNY 7,809,584.69 in the previous year, indicating a strategic shift in cash management[13] - The total cash inflow from investment activities was CNY 21,334,955.23, while cash outflow was CNY 120,041,152.69, resulting in a net cash flow of CNY -98,706,197.46 from investment activities[32] Research and Development - Research and development expenses for Q1 2019 were CNY 309,480.03, indicating the company's commitment to innovation[23] - The company plans to continue expanding its market presence and developing new technologies to enhance service offerings in the upcoming quarters[22] Other Information - The company has not disclosed any new product or technology developments in this report[5] - The company has not disclosed any new product or technology developments, market expansion, or acquisition strategies in the provided content[27]

Financial Performance - The company's operating revenue for 2018 reached ¥1,058,628,607.75, representing a year-on-year increase of 29.18% compared to ¥819,523,428.66 in 2017[22]. - The net profit attributable to shareholders for 2018 was ¥91,811,779.99, which is a 22.69% increase from ¥74,832,415.45 in 2017[22]. - The net cash flow from operating activities for 2018 was ¥154,611,811.56, a decrease of 12.00% from ¥175,690,458.69 in 2017[23]. - The total assets at the end of 2018 amounted to ¥1,342,695,531.09, reflecting a 65.68% increase from ¥810,404,394.24 at the end of 2017[23]. - The basic earnings per share for 2018 was ¥0.91, down 6.19% from ¥0.97 in 2017[24]. - The weighted average return on equity for 2018 was 15.86%, a decrease of 13.72 percentage points from 29.58% in 2017[24]. - The net profit after deducting non-recurring gains and losses for 2018 was ¥69,418,564.90, showing a slight decrease of 0.07% compared to ¥69,464,313.94 in 2017[22]. - The company's management expenses increased by 19.49% to CNY 93.81 million, while R&D expenses surged by 691.81% to CNY 1.80 million[49]. - The company achieved a total revenue of 1,056,078.17 million yuan, representing a year-on-year growth of 29.14%[54]. Shareholder Information - The proposed profit distribution plan for 2018 includes a cash dividend of 3 RMB per 10 shares, totaling 30,952,381.20 RMB, which accounts for 33.71% of the net profit attributable to shareholders[4]. - The total share capital will increase from 103,174,604 shares to 134,126,985 shares due to a capital reserve conversion plan of 3 shares for every 10 shares held[4]. - The company aims to prioritize cash dividends, distributing no less than 10% of the annual distributable profit, with a cumulative distribution of at least 30% of the average annual distributable profit over the last three years[84]. - The company plans to distribute cash dividends of 3.00 RMB per 10 shares, totaling 23,809,524.00 RMB, which accounts for 31.82% of the net profit attributable to the parent company for 2017[85]. - The company has committed to not transferring or entrusting the management of shares held prior to the public offering for 36 months from the listing date[89]. - Shareholders are restricted from transferring more than 25% of their shares during their tenure as directors or senior management within one year after the lock-up period[90]. Market Expansion and Strategy - The company is focusing on smart technology investments, including the introduction of intelligent management platforms and upgrades to facilities[38]. - The company aims to expand its market presence in major urban areas, targeting a higher market share through strategic partnerships and resource optimization[76]. - The company has established partnerships with nearly 100 developers, including Alibaba and Greenland Group, enhancing its project stability and expansion potential[42]. - The company has adopted a "3+X" market expansion strategy, successfully covering key urban clusters in China[76]. - The company completed the acquisition of 70% of Jiangsu Jinfeng Property Service Co., further strengthening its market presence in the Jiangsu-Zhejiang-Shanghai region[45]. Risk Management - The company emphasizes the importance of risk awareness in its forward-looking statements, highlighting potential uncertainties[5]. - The company has detailed its operational risks in the report, which investors are encouraged to review[6]. - The company faces market risks due to intense competition in the property management sector, with many small players and no dominant national firms[81]. - Financial risks arise from the fixed fee structure for property services, which may lead to uncollectible fees impacting operations[82]. - The company’s market expansion is primarily focused on the Yangtze River Delta region, posing risks if competition intensifies or local policies change unfavorably[81]. Governance and Management - The company has a young management team, primarily composed of individuals born in the 1970s and 1980s, fostering innovation and motivation[40]. - The company’s governance practices were enhanced, ensuring compliance with laws and regulations, contributing to a transparent investment environment[115]. - The company has established a compensation committee to oversee the remuneration process for its executives[150]. - The company’s management team includes several vice presidents and a financial director, ensuring a diverse leadership structure[145]. - The company has a performance evaluation system in place to determine the remuneration of senior management based on industry standards and individual performance[150]. Community Engagement - The company has been actively involved in community activities to improve brand awareness and corporate image[37]. - The company organized various community activities to improve residents' quality of life, including cultural events and public welfare initiatives[116]. - The company provided support through the "Nandu Le Fund" for employees and their families, with funds allocated for medical and educational assistance in 2018[116]. Financial Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[7]. - The audit opinion confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2018[170]. - The company has established a comprehensive internal control system to ensure compliance with relevant laws and regulations[159]. - The company has made changes to accounting policies due to updates in accounting standards, affecting the presentation of financial statements for 2017[96]. Investment and Assets - The total assets of the company reached CNY 1,342.70 million, a year-on-year growth of 65.68%[48]. - The company has invested CNY 290 million in broker financial products, with an outstanding balance of CNY 120 million[109]. - The company has a total of CNY 120 million in trust products, with a fixed income of CNY 6,811,440.35[110]. - The company reported a significant increase in other receivables, rising to CNY 75,284,629.13 from CNY 51,272,645.40, a growth of approximately 46.9%[184].

Financial Performance - Operating revenue for the first nine months reached CNY 737,696,248.10, a 27.10% increase from the same period last year[6] - Net profit attributable to shareholders was CNY 65,895,484.31, reflecting a 30.32% year-on-year growth[6] - Net profit for the first nine months of 2018 was ¥158,784,369.15, compared to ¥117,003,549.02 for the same period in 2017, reflecting a growth of 35.6%[25] - The company's operating revenue for Q3 2018 was ¥197,203,027.53, an increase of 11.0% compared to ¥176,441,880.48 in Q3 2017[32] - The net profit for Q3 2018 reached ¥25,016,889.98, representing a 65.2% increase from ¥15,158,827.83 in Q3 2017[29] - The total profit for Q3 2018 was ¥32,171,161.11, up 51.8% from ¥21,185,719.67 in the same period last year[28] Assets and Liabilities - Total assets increased by 50.17% to CNY 1,216,950,478.95 compared to the end of the previous year[6] - Total assets as of September 30, 2018, amounted to ¥1,162,497,794.04, an increase from ¥745,503,462.68 at the beginning of the year[25] - Total liabilities as of September 30, 2018, were ¥540,879,383.10, compared to ¥453,148,803.35 at the start of the year, indicating a rise of 19.4%[24] - The company’s total liabilities and shareholders' equity reached ¥1,216,950,478.95, compared to ¥810,404,394.24 at the beginning of the year, indicating an increase of 50.1%[22] Shareholder Information - Net assets attributable to shareholders rose by 116.38% to CNY 613,178,542.54 year-on-year[6] - The total number of shareholders at the end of the reporting period was 8,818[12] - The top shareholder, Zhejiang Nandu Real Estate Service Co., Ltd., holds 34.36% of the shares[12] Cash Flow - The net cash flow from operating activities increased by 34.40% to CNY 42,881,170.99 compared to the previous year[6] - Cash inflow from operating activities for the period reached ¥830,944,818.22, an increase of 35.3% compared to ¥614,335,921.11 in the same period last year[36] - Net cash flow from operating activities amounted to ¥42,881,170.99, up from ¥31,906,008.12, reflecting a growth of 34.5% year-over-year[36] - Cash inflow from financing activities totaled ¥301,193,279.01, with a net cash flow of ¥250,254,092.23, contrasting with a net outflow of -¥32,639,041.17 in the previous year[37] Operating Costs and Expenses - Operating costs rose to ¥571,312,213.03, reflecting a 31.84% increase from ¥433,328,288.01, primarily due to the expansion of property management services[15] - The management expenses for Q3 2018 were ¥21,917,330.34, an increase of 61.4% from ¥13,605,041.79 in Q3 2017[32] - Total cash outflow from operating activities was ¥788,063,647.23, an increase from ¥582,429,912.99 in the same period last year, reflecting higher operational costs[36] Investment Activities - The company reported a net cash outflow from investing activities of ¥572,978,580.02, primarily due to the acquisition of Jin Feng Property and financial product purchases[15] - Total cash outflow from investing activities was ¥573,149,732.65, significantly higher than ¥35,723,287.20 in the previous year, indicating increased investment activity[37] Other Financial Metrics - Basic earnings per share decreased by 22.35% to CNY 0.66[7] - The company reported a weighted average return on net assets of 11.74%, down 8.29 percentage points from the previous year[7] - Other current assets surged by 6000.99% to ¥473,641,921.61 from ¥7,763,357.64, attributed to idle fundraising and company-owned financial management[14] - Accounts receivable rose by 81.18% to ¥256,798,342.45 from ¥141,736,338.39, reflecting the company's expanded business scale and increased revenue[14]

Financial Performance - The company's operating revenue for the first half of the year reached ¥468,552,831.77, representing a 24.92% increase compared to the same period last year [21]. - Net profit attributable to shareholders was ¥42,406,105.24, an 18.91% increase year-over-year [21]. - The net cash flow from operating activities increased by 44.54% to ¥48,400,476.33, driven by revenue growth and an increase in advance property service fees [21]. - The company's net assets attributable to shareholders grew by 108.01% to ¥589,453,636.83, while total assets increased by 50.75% to ¥1,221,653,896.21 [21]. - Basic earnings per share decreased by 28.33% to ¥0.43, while diluted earnings per share also fell by the same percentage [22]. - The company achieved operating revenue of ¥468,552,831.77, representing a year-on-year growth of 24.92% [44]. - The net profit attributable to shareholders was ¥42,406,105.24, an increase of 18.91% compared to the previous year [44]. - The company reported a total comprehensive income of ¥43,204,544.23 for the current period, compared to ¥35,890,250.92 in the previous period [123]. - Total operating revenue for the current period reached ¥468,552,831.77, an increase of 24.9% compared to ¥375,067,962.74 in the previous period [122]. - Total operating costs amounted to ¥414,535,068.55, up 26.6% from ¥327,359,161.81 in the prior period [122]. - Operating profit for the current period was ¥59,955,440.58, representing a growth of 25.7% from ¥47,708,800.93 in the previous period [122]. - Net profit for the current period was ¥43,204,544.23, an increase of 20.5% compared to ¥35,890,250.92 in the prior period [123]. Share Capital and Equity - The total share capital increased from 59.52 million shares to 79.37 million shares after the issuance of 19.84 million shares, raising net funds of 287.48 million RMB [9]. - The company’s total share capital increased to 103,174,604 shares after a capital reserve conversion on June 29, 2018 [9]. - The total number of shares increased from 59,523,810 to 79,365,080 after the initial public offering on February 1, 2018, with a subsequent capital reserve conversion increasing the total to 103,174,604 shares [92]. - The company’s registered capital is 103,174,604.00 RMB, with a total of 103,174,604 shares issued [142]. - The company’s total equity at the end of the reporting period is 598,544,561.25 RMB, compared to 238,005,611.43 RMB at the end of the previous year, indicating a significant increase [140]. - The increase in total equity during the current period was CNY 309,588,576.34 [135]. - The capital reserve increased by CNY 267,641,661.48 during the current period [139]. Investments and Acquisitions - The company successfully acquired 70% of Jiangsu Jinfeng Property, enhancing its market competitiveness and expanding its operational scale [45]. - The company acquired 70% equity of Jiangsu Jinfeng Property Service Co., Ltd. for a consideration of CNY 100.8 million on June 12, 2018 [88]. - Major equity investments include a 100% stake in Zhejiang Yuedu Network Technology Co., Ltd. with an investment of ¥10,000,000 and Zhejiang Dayue Asset Management Co., Ltd. with an investment of ¥107,858,000 [56]. - The total amount of equity investment by the company reached ¥292,965,000, all of which were investments in subsidiaries [55]. Financial Position and Assets - Total assets increased to ¥1,221,653,896.21, up from ¥810,404,394.24, representing a growth of approximately 50.7% [114]. - Current assets totaled ¥980,166,317.67, compared to ¥681,702,539.34 at the beginning of the period, indicating a rise of about 43.8% [112]. - Non-current assets amounted to ¥241,487,578.54, up from ¥128,701,854.90, reflecting an increase of approximately 87.5% [114]. - Total liabilities reached ¥627,501,003.17, an increase from ¥525,840,077.54, which is a growth of about 19.4% [115]. - Owner's equity rose to ¥594,152,893.04 from ¥284,564,316.70, marking an increase of approximately 108.7% [115]. - The company reported a significant increase in goodwill, rising to ¥138,421,870.06 from ¥43,596,660.85, which is an increase of about 216.5% [114]. Risk Management and Compliance - The company guarantees the accuracy and completeness of the financial report, with key personnel affirming its authenticity [5]. - There are no non-operating fund occupations by controlling shareholders or related parties [8]. - The company has detailed risk descriptions in the report, particularly in the section discussing potential risks [8]. - The report is unaudited, indicating that the financial figures may be subject to further verification [5]. - The company anticipates a significant increase in competition within the property management sector, necessitating rapid enhancement of management scale and service capabilities [59]. - The company’s financial risk includes potential uncollectible property fees, which could adversely affect operations [60]. Corporate Governance and Shareholder Commitments - The company has committed to not transferring or entrusting the management of shares held prior to the public offering for 36 months from the listing date [65]. - The company has a lock-up period of 12 months for certain shareholders, during which they cannot transfer their shares [65]. - The commitments made by shareholders are aimed at maintaining the stability of the company's stock price and investor confidence [66]. - The company has established clear guidelines for share reduction to avoid impacting its actual control and compliance with legal requirements [66]. - The company has committed to ensuring that its board members and senior management will not engage in activities that harm the company's interests, including not misusing company assets [71]. - The company has renewed the appointment of Tianjian Accounting Firm as the auditor for the 2018 financial year, as approved in the shareholders' meeting on May 11, 2018 [73]. Operational Developments - The company upgraded its "Yuejia" smart living service platform, enhancing user experience in access control and property payment systems [29]. - The company launched new products under the "Qundao" brand, focusing on asset management services for residential communities and corporate parks [30]. - The company is actively exploring new technologies to improve service efficiency, including the development of smart retail solutions and community services [29]. - The company aims to build a one-stop property service system to meet diverse property service needs and enhance asset value for owners [27]. - The company is focusing on enhancing service quality and user experience through improved communication and streamlined service processes [33]. Legal and Regulatory Matters - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company [73]. - The company has committed to timely disclosure of any unfulfilled promises made during the IPO process, ensuring transparency for investors [71]. - The company has no significant related party transactions that were not disclosed in temporary announcements [76]. Accounting Policies and Financial Reporting - The financial statements are prepared in accordance with the enterprise accounting standards, ensuring accuracy and completeness [147]. - The company recognizes revenue from the sale of goods when the risks and rewards of ownership are transferred to the buyer, and the amount can be reliably measured [183]. - Revenue from service provision is recognized using the percentage-of-completion method when the outcome can be reliably estimated, based on the ratio of costs incurred to estimated total costs [184]. - The company recognizes impairment losses for fixed assets when their carrying amount exceeds recoverable amount [173]. - The company does not apply the accounting policy for internal research and development expenditures [176].

Financial Performance - Revenue for the reporting period reached CNY 234,253,117.64, a growth of 33.46% year-on-year[6] - Net profit attributable to shareholders increased by 27.19% to CNY 20,848,873.11 compared to the same period last year[6] - Basic and diluted earnings per share both increased by 3.57% to CNY 0.29[6] - The company reported non-recurring gains of CNY 351,683.21 for the period[9] - Operating profit for Q1 2018 reached CNY 28,149,659.03, representing a 25.0% increase from CNY 22,396,979.33 in Q1 2017[25] - The company reported a net profit of CNY 21,916,892.67 for Q1 2018, compared to CNY 17,313,854.55 in Q1 2017, indicating a growth of 26.7%[25] - The net profit for Q1 2018 was CNY 22,771,639.89, up 23.5% from CNY 18,478,911.67 in Q1 2017[30] - The total comprehensive income for Q1 2018 was CNY 22,771,639.89, compared to CNY 18,478,911.67 in Q1 2017, reflecting a growth of 23.5%[30] Assets and Liabilities - Total assets increased by 39.37% to CNY 1,129,453,391.33 compared to the end of the previous year[6] - Total assets rose by 39.37% to ¥1,129,453,391.33 from ¥810,404,394.24, primarily due to the funds from the initial public offering[14] - Total liabilities at the end of Q1 2018 were CNY 423,147,036.86, a decrease of 6.6% from CNY 453,148,803.35 at the start of the year[24] - The company's equity attributable to shareholders increased by 108.93% to ¥592,057,611.91 from ¥283,374,124.11, reflecting the impact of the initial public offering[15] - Shareholders' equity totaled CNY 602,609,230.70 as of March 31, 2018, up 106.1% from CNY 292,354,659.33 at the beginning of the year[24] Cash Flow - Operating cash flow showed a significant decline of 128.45%, resulting in a net cash flow of -CNY 4,360,016.47[6] - The cash flow from operating activities showed a net outflow of CNY -4,360,016.47, compared to a net inflow of CNY 15,326,028.50 in the same period last year[32] - The net cash flow from operating activities for Q1 2018 was 1,179,844.38 RMB, a significant improvement compared to a net outflow of 13,505,527.42 RMB in the same period last year[35] - The company raised 301,043,279.01 RMB from financing activities, with a net cash flow of 285,386,669.12 RMB after accounting for outflows[35] - The cash flow from financing activities was positively impacted by a significant increase in cash received from investments, totaling 301,193,279.01 RMB[33] Operating Costs and Expenses - Operating costs increased by 36.58% to ¥179,391,166.70 from ¥131,344,773.74, also due to business scale growth[15] - Total operating costs for Q1 2018 were CNY 206,103,458.61, up 34.6% from CNY 153,124,286.47 year-over-year[25] - Operating costs rose to CNY 139,257,304.71, compared to CNY 111,226,341.28 in the previous year, indicating a 25.2% increase[29] - The company incurred a tax expense of CNY 7,590,546.63, which is an increase from CNY 6,159,637.22 in the same quarter last year[30] - The company reported a decrease in selling expenses to CNY 2,018,296.89 from CNY 3,192,850.48 in the previous year, indicating a reduction of 37.0%[29] Shareholder Information - The total number of shareholders reached 15,712 at the end of the reporting period[11] - The largest shareholder, Zhejiang Nandu Real Estate Service Co., Ltd., holds 34.36% of the shares[11] Future Plans - The company has not disclosed any new product developments or market expansion strategies in this report[4] - The company plans to expand its market presence and invest in new technology developments to enhance service offerings in the upcoming quarters[25]

Financial Performance - The company's operating revenue for 2017 was CNY 819,523,428.66, representing a 41.85% increase compared to CNY 577,745,318.77 in 2016 [21]. - Net profit attributable to shareholders for 2017 was CNY 74,832,415.45, an increase of 18.85% from CNY 62,964,778.66 in 2016 [21]. - The net cash flow from operating activities increased by 177.57% to CNY 175,690,458.69 from CNY 63,296,465.37 in the previous year [21]. - Total assets grew by 41.44% to CNY 810,404,394.24 in 2017 from CNY 572,973,104.53 in 2016 [21]. - Basic earnings per share for 2017 were CNY 1.26, an increase of 11.50% compared to CNY 1.13 in 2016 [22]. - The weighted average return on equity decreased by 9.35 percentage points to 29.58% in 2017 from 38.93% in 2016 [22]. - The company achieved an operating revenue of 819.5234 million yuan, a year-on-year increase of 41.85% [55]. - The net profit reached 75.3667 million yuan, representing a year-on-year growth of 19.70% [55]. Dividend Distribution - The proposed profit distribution plan for 2017 includes a cash dividend of 3.00 RMB per 10 shares, totaling 23,809,524.00 RMB, which accounts for 31.82% of the net profit attributable to the parent company [5]. - The company plans to distribute cash dividends of 4.7040 RMB per 10 shares for the 2016 fiscal year, totaling approximately 28 million RMB, which is 37.42% of the net profit attributable to the parent company [93]. - For the 2017 fiscal year, the proposed cash dividend is 3.00 RMB per 10 shares, amounting to approximately 23.81 million RMB, representing 31.82% of the net profit attributable to the parent company [94]. - The company has a policy to distribute at least 10% of the annual distributable profit as cash dividends, with a cumulative distribution of no less than 30% of the average annual distributable profit over the last three years [92]. - The board of directors will propose annual dividend distribution plans based on the company's operating data and future funding needs [93]. Company Operations and Strategy - The company increased its market development efforts, leading to a rise in property management service projects and contributing to revenue growth [23]. - The company acquired Cailin Property, which positively impacted its revenue and cash flow [23]. - The company is the first property service enterprise listed on A-shares in China, aiming to create a century-long excellent service enterprise and enhance property value for owners [31]. - The company is expanding its service offerings through subsidiaries like Yuedu Technology and Dayue Assets, focusing on personalized services for residents [32]. - The company is actively exploring new technologies to improve service efficiency, including the implementation of community O2O business models [37]. - The company is committed to enhancing its brand image through community engagement and social responsibility initiatives [35]. - The company aims to expand its business scale and improve profit margins by leveraging its technical and team advantages in property services [82]. Market and Industry Trends - The projected market size for basic property management in China is expected to reach approximately 1.2 trillion yuan by 2022 [36]. - The property management industry is experiencing a shift towards modern service models, with a projected market size of CNY 1.2 trillion over the next five years [80]. - The managed area of residential properties is expected to reach 195.7 billion square meters in 2017, with a projected growth to 228.6 billion square meters by 2020 [80]. - The market share of the top 100 property service companies increased from 16.28% in 2013 to 29.44% in 2016, indicating a trend towards consolidation in the industry [38]. Governance and Compliance - The company received a standard unqualified audit report from Tianjian Accounting Firm [4]. - The board of directors and senior management confirm the accuracy and completeness of the annual report [8]. - The company has maintained a transparent governance structure and actively promotes internal control systems to ensure a safe investment environment for shareholders [117]. - The company has implemented a governance structure compliant with relevant laws and regulations, ensuring effective operation and investor protection [152]. - The company has not disclosed any significant internal control deficiencies during the reporting period [161]. Risks and Challenges - The company emphasizes the presence of potential risks in its forward-looking statements, urging investors to be cautious [6]. - The company faces market risks due to intense competition and the need to enhance brand influence in a fragmented industry [88]. - The company is exposed to financial risks related to the collection of property service fees, which may impact its operations [88]. Employee and Management Information - The total number of employees in the parent company and major subsidiaries is 5,900, with 3,691 in the parent company and 2,209 in subsidiaries [147]. - The company has established a comprehensive training plan to enhance management levels and core talent reserves, focusing on project management and operational skills [149]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 7.1896 million yuan [144]. - The company has a diverse management team with extensive experience in various sectors, including real estate and finance [138]. Financial Position - Cash and cash equivalents at the end of the period amounted to CNY 479.19 million, representing 59.13% of total assets, up 79.42% from the previous period [71]. - The total assets amounted to CNY 810.40 million, up from CNY 572.97 million, indicating a growth of about 41.5% [177]. - The company's retained earnings grew to CNY 117,003,549.02, compared to CNY 70,889,405.93, reflecting a 65% increase [182]. - The total equity attributable to shareholders of the parent company at the end of the year was ¥284,564,316.70, compared to ¥236,541,708.85 at the end of the previous year, reflecting an increase of approximately 20.3% [194].