Financial Performance - The company's operating revenue for Q3 2021 was ¥449,433,382.04, representing a 59.92% increase year-over-year[3] - The net profit attributable to shareholders for Q3 2021 was ¥28,963,095.22, a slight increase of 0.67% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 15.74% to ¥22,749,673.39 in Q3 2021[3] - Total operating revenue for Q3 2021 reached CNY 1,222,101,912.54, a significant increase from CNY 769,113,479.90 in the same period last year, representing a growth of approximately 58.7%[24] - Net profit for Q3 2021 was CNY 89,247,999.17, compared to CNY 77,598,864.10 in Q3 2020, reflecting a growth of approximately 15.5%[26] - The total comprehensive income for the period was CNY 89,244,808.43, compared to CNY 77,572,331.55 in the previous period, representing an increase of approximately 14.6%[27] Assets and Liabilities - The total assets at the end of Q3 2021 were ¥1,270,304,422.59, a 15.50% increase from the end of the previous year[4] - The company's total assets as of Q3 2021 amounted to CNY 1,270,304,422.59, an increase from CNY 1,099,784,531.36 year-over-year, representing a growth of about 15.5%[23] - Total liabilities increased to CNY 419,997,933.69 in Q3 2021 from CNY 291,410,256.73 in the previous year, marking a rise of approximately 44.1%[22] - The company's total liabilities increased significantly, with contract liabilities rising by 381.52% to ¥57,030,008.17 due to business expansion[8] - Current liabilities reached CNY 284,492,017.80, including accounts payable of CNY 72,826,800.85 and employee compensation payable of CNY 130,950,733.29[34] - Non-current liabilities totaled CNY 23,771,380.38, with lease liabilities at CNY 16,853,141.45[34] Cash Flow - The cash flow from operating activities for the year-to-date was ¥87,501,168.88, up 45.47% compared to the same period last year[10] - The net cash flow from operating activities was CNY 87,501,168.88, up from CNY 60,149,016.00, indicating a growth of about 45.5%[29] - The cash inflow from operating activities totaled CNY 1,411,787,484.99, compared to CNY 787,845,842.66 in the previous period, reflecting an increase of approximately 79.3%[29] - The cash outflow from operating activities was CNY 1,324,286,316.11, compared to CNY 727,696,826.66, which is an increase of about 82.0%[29] - The total cash and cash equivalents at the end of the period were CNY 254,989,342.12, compared to CNY 236,161,491.85 at the end of the previous period, showing a slight increase of about 7.5%[30] Shareholder Information - Total number of common shareholders at the end of the reporting period is 6,442[13] - The largest shareholder, Shenzhen Tefa Group Co., Ltd., holds 47.78% of shares, totaling 62,107,500 shares[13] - Jiangsu Nantong Sanjian Group Co., Ltd. holds 15.00% of shares, totaling 19,500,000 shares, which are frozen[13] Investment and Expenses - Investment income for the year-to-date increased by 435.71% to ¥8,333,693.70, primarily due to increased financial management returns[9] - The company's long-term equity investments decreased to CNY 4,107,121.39 from CNY 12,219,780.88, indicating a decline of approximately 66.4%[21] - The company’s research and development expenses for Q3 2021 were CNY 274,754.73, indicating ongoing investment in innovation[24] Earnings Per Share - The company's basic earnings per share for Q3 2021 was ¥0.2228, down 24.50% year-over-year[3] - Basic and diluted earnings per share were both CNY 0.6564, down from CNY 0.7471 in the previous period, indicating a decrease of approximately 12.0%[27] Other Information - The company has not reported any new product or technology developments in the current quarter[16] - The third quarter report was not audited, indicating potential implications for the reliability of the financial data presented[37] - The company has adopted the new leasing standard effective January 1, 2021, impacting its financial statements and retained earnings[36]

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 772,668,530.50, representing a 58.31% increase compared to RMB 488,068,692.66 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was RMB 56,369,988.23, up 27.91% from RMB 44,071,294.14 in the previous year[21]. - The net cash flow from operating activities reached RMB 126,360,441.22, a significant increase of 404.69% compared to RMB 25,037,238.06 in the same period last year[21]. - The basic earnings per share decreased by 4.07% to RMB 0.4336 from RMB 0.4520 in the previous year[22]. - The total assets at the end of the reporting period were RMB 1,260,717,275.97, reflecting a 14.63% increase from RMB 1,099,784,531.36 at the end of the previous year[22]. - The net profit after deducting non-recurring gains and losses was RMB 51,975,930.04, an increase of 23.41% from RMB 42,115,536.55 in the same period last year[21]. - The company reported a net decrease in cash and cash equivalents of ¥346,407,197.00, a decline of 1,561.13% due to investments in structured deposits[43]. - The company reported a total of ¥510,000,000.00 in purchases and ¥110,000,000.00 in sales of financial assets during the reporting period[54]. Business Strategy and Market Position - The company emphasizes the importance of risk awareness regarding its future development strategies and key work plans[4]. - The company has expanded its service offerings to include port management and urban management services, enhancing its business structure[35]. - The company is focusing on high-end comprehensive service operations, aiming to meet the full-cycle service needs of its clients[32]. - The company plans to enhance market expansion efforts while strengthening cost control to mitigate the impact of rising costs and explore profit growth points in emerging sectors[74]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its service portfolio[99]. - The company is committed to maintaining strong financial health and delivering value to shareholders through sustainable growth strategies[99]. Investments and Financial Management - The total investment amount during the reporting period was ¥543,039,493.80, a significant increase of 29,123.68% compared to the previous year's ¥1,858,217.48[52]. - The company has committed to investing ¥19,323.7 million in property management market expansion, with 0% progress reported as of the end of the reporting period[63]. - The company has approved the use of up to RMB 40 million of temporarily idle raised funds for cash management, with RMB 34.5 million already invested in structured deposits[65]. - The company has invested RMB 38.75663 million of raised funds in bank wealth management products, with a remaining balance of RMB 37.47817 million as of June 30, 2021[68]. Operational Challenges - The company faces intensified competition in the property management sector, particularly from traditional residential property companies entering the park property management field[73]. - Recruitment difficulties have increased due to rising minimum wages across various regions, leading to a high turnover rate among frontline service personnel[74]. - The company faces risks of declining gross margins due to rising labor costs and intensified low-price competition in the industry[74]. Shareholder Information - The company distributed cash dividends of 35,000,000 RMB, amounting to 3.5 RMB per share (including tax) to all shareholders[123]. - The total number of shares increased from 100,000,000 to 130,000,000 after a capital reserve conversion of 30,000,000 shares[120]. - The largest shareholder, Shenzhen Tefa Group Co., Ltd., holds 62,107,500 shares, representing 47.78% of the total shares[128]. Legal and Compliance - The company is currently involved in several lawsuits with total claims amounting to 111.34 million yuan, with ongoing cases in the first instance stage[94][95]. - The company has no significant penalties or rectifications during the reporting period[96]. - The financial report for the first half of 2021 was not audited[141]. Future Outlook - The company plans to continue expanding its market presence and exploring new strategies for growth[123]. - The company expects to maintain a steady growth trajectory in the next fiscal year, with a focus on increasing market share[101]. - The company has outlined a strategy for potential mergers and acquisitions to strengthen its market position[100].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 772,668,530.50, representing a 58.31% increase compared to CNY 488,068,692.66 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was CNY 56,369,988.23, up 27.91% from CNY 44,071,294.14 in the previous year[20]. - The net cash flow from operating activities increased significantly by 404.69%, reaching CNY 126,360,441.22 compared to CNY 25,037,238.06 in the same period last year[20]. - The total operating revenue for the first half of 2021 reached ¥772,668,530.50, a significant increase of 58.4% compared to ¥488,068,692.66 in the same period of 2020[149]. - Net profit for the first half of 2021 was ¥58,653,477.50, representing a 24.1% increase from ¥47,222,492.52 in the first half of 2020[151]. - The company's operating profit was ¥76,779,904.39, an increase of 22.7% compared to ¥62,546,378.87 in the previous year[151]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,260,717,275.97, a 14.63% increase from CNY 1,099,784,531.36 at the end of the previous year[21]. - Current liabilities rose to CNY 415,065,598.79, compared to CNY 284,492,017.80, marking an increase of about 46%[143]. - Non-current liabilities increased to CNY 25,941,790.00 from CNY 6,918,238.93, reflecting a significant rise of approximately 274%[143]. - The company reported a total liability of CNY 441,007,388.79, up from CNY 291,410,256.73, an increase of approximately 51.5%[143]. - Cash and cash equivalents decreased to CNY 207,085,088.81 from CNY 603,050,983.91, a decline of approximately 65.6%[146]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[4]. - The total number of shares increased from 100,000,000 to 130,000,000 after a capital reserve conversion of 30,000,000 shares[119]. - A cash dividend of 3.5 yuan per 10 shares was distributed, totaling 35,000,000 yuan[122]. - The total number of shareholders at the end of the reporting period was 7,727[127]. - The proportion of shares held by Shenzhen Tefa Group is 47.78%, while Jiangsu Nantong Sanjian Group holds 15.00%[127]. Business Operations and Strategy - The growth in revenue was primarily driven by new projects, including port management services, and the impact of projects added in 2020[36]. - The company has established a city service division to unify management of residential property projects[33]. - The company is actively exploring new business areas, including urban management services and integrated community management[34]. - The company is focusing on expanding its market presence through strategic partnerships and collaborations[97]. - Future outlook indicates a commitment to enhancing service offerings and exploring new business opportunities[97]. Risk Management - The company has outlined potential risks and corresponding measures in its management discussion section, emphasizing the importance of risk awareness for investors[3]. - The company faces intensified competition in the property management sector, particularly from traditional residential property companies entering the park property management field[72]. - The gross profit margin is at risk of decline due to rising labor costs and intensified price competition, with a focus on cost control and exploring new profit growth areas[73]. Cash Flow and Investments - The company reported a net cash outflow of CNY 346,407,197.00 from financing activities, compared to a cash inflow of CNY 498,040.00 in the first half of 2020[159]. - The net cash flow from investment activities was -CNY 432,175,454.72, worsening from -CNY 1,841,332.61 in the previous year, reflecting increased investment expenditures[159]. - The company has committed to a property management market expansion project with a total investment commitment of ¥19,323.79 million, of which only 6.27% has been utilized as of May 15, 2023[62]. Compliance and Governance - The financial report for the first half of 2021 was not audited, which may affect the reliability of the financial data presented[139]. - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[182]. - The company prepares its financial statements based on the assumption of going concern[179]. Market Trends - The property management industry is experiencing significant growth, with nearly 50 listed companies in the sector as of the reporting period[30]. - Ongoing assessments of market trends will guide the company's strategic decision-making processes[97]. - The company is exploring potential mergers and acquisitions to accelerate growth and market expansion[97].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 383,013,282.50, representing a 67.34% increase compared to CNY 228,887,254.00 in the same period last year[7] - The net profit attributable to shareholders for Q1 2021 was CNY 27,447,668.27, up 68.43% from CNY 16,296,282.12 in the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 25,914,179.45, reflecting a 68.92% increase from CNY 15,341,234.95 year-on-year[7] - The basic earnings per share for Q1 2021 was CNY 0.2745, a 26.32% increase from CNY 0.2173 in the same period last year[7] - The net profit for Q1 2021 was CNY 28.79 million, up 63.77% from CNY 17.58 million in the previous year[17] - Total operating revenue for Q1 2021 reached CNY 383,013,282.50, a significant increase from CNY 228,887,254.00 in the previous period[44] - Net profit for Q1 2021 was CNY 28,791,687.17, compared to CNY 17,580,813.93 in the same period last year, reflecting a growth of approximately 63%[46] - The company reported a profit before tax of CNY 38,518,571.17, compared to CNY 23,920,097.24 in the previous year[46] - The total comprehensive income for the period was CNY 28,775,265.58, compared to CNY 17,584,177.76 in the same period last year[47] - The total comprehensive income for the first quarter of 2021 was CNY 17,255,463.98, compared to CNY 12,604,007.21 in the same period last year, representing an increase of approximately 36.5%[51] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,119,434,275.36, a 1.79% increase from CNY 1,099,784,531.36 at the end of the previous year[7] - The net assets attributable to shareholders at the end of the reporting period were CNY 811,057,162.54, up 3.15% from CNY 786,306,436.54 at the end of the previous year[7] - The company's total cash and cash equivalents decreased by CNY 433,555,908.14 during the quarter, compared to a decrease of CNY 42,888,364.11 in the same period last year[55] - The company's total non-current assets increased from CNY 82,677,934.06 to CNY 96,844,743.29 due to adjustments related to the new leasing standard[61] - The total liabilities decreased to CNY 284,971,067.39 from CNY 291,410,256.73, a reduction of about 2.5%[38] - Total liabilities stood at CNY 234,656,042.77, while total equity reached CNY 730,135,075.16, indicating a strong financial position[42] Cash Flow - The net cash flow from operating activities for Q1 2021 was CNY -28,361,093.78, an improvement of 33.22% compared to CNY -42,470,332.79 in the same period last year[7] - Cash inflow from operating activities was CNY 479,298,851.00, significantly higher than CNY 277,951,732.04 in the previous year, marking an increase of approximately 72.5%[53] - Cash outflow from operating activities totaled CNY 507,659,944.78, compared to CNY 320,422,064.83 in the same period last year, reflecting a rise of about 58.5%[54] - The company reported a net cash flow from investing activities of negative CNY 400,453,329.31, compared to negative CNY 423,057.70 in the previous year, indicating a decrease in cash outflow[54] - The net cash flow from financing activities was negative CNY 4,751,500.00, with no cash inflow reported during the period[55] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,302[11] - The largest shareholder, Shenzhen Te Fa Group, held 47.78% of the shares, totaling 47,775,000 shares[11] Contracts and Agreements - The company signed a contract with the Shenzhen Municipal Government for port management services, valued at CNY 39.88 million, covering a three-year period[19] - A contract with Huawei for property management services was signed, amounting to CNY 44.38 million over five years[20] - The company signed a service contract with the Shenzhen Port Office for a fee of RMB 398.79 million, valid for three years, with annual renewals[24] - The contract with Huawei for property management services amounts to RMB 443.82 million over five years, starting from January 1, 2021[24] Operational Challenges and Strategies - The company is facing increased market competition, which may negatively impact short-term revenues due to malicious competition in project management and bidding[22] - There is a significant shortage of frontline staff, particularly in security and customer service, prompting the company to develop long-term talent supply channels[23] - The company is enhancing service quality through self-inspection and cross-checking of key projects, alongside the development of various service standards[22] - The company aims to strengthen management of newly acquired projects by improving staff training and communication[22] - The company is committed to addressing the challenges posed by weak management foundations in newly acquired projects through rigorous control measures[22] Investment Activities - The company has invested a total of RMB 39,056.68 million from the raised funds, with RMB 1,956.68 million allocated to investment projects[29] - The company plans to use RMB 26 million of the excess raised funds to permanently supplement working capital, with the remaining RMB 61.36 million yet to be allocated[29] New Standards and Adjustments - The company has implemented new leasing standards starting in 2021, which may affect the financial statements[59] - The implementation of the new leasing standard resulted in a decrease in equity attributable to shareholders by CNY 2,680,520.68[67] - The company reported a decrease in retained earnings from CNY 210,583,612.67 to CNY 207,903,091.99 due to adjustments related to the new leasing standard[62] Miscellaneous - The first quarter report for 2021 was not audited, indicating that the figures may be subject to change[68]

Financial Performance - The company's operating revenue for 2020 was CNY 1,108,659,813.87, representing a 24.40% increase compared to CNY 891,219,944.33 in 2019[14]. - The net profit attributable to shareholders for 2020 was CNY 99,305,119.66, a 52.01% increase from CNY 65,328,693.53 in 2019[14]. - The net cash flow from operating activities increased by 80.45% to CNY 103,629,341.11 in 2020, up from CNY 57,428,638.29 in 2019[14]. - The basic earnings per share for 2020 was CNY 1.32, a 51.72% increase from CNY 0.87 in 2019[14]. - Total assets at the end of 2020 reached CNY 1,099,784,531.36, a 126.94% increase from CNY 484,611,735.47 at the end of 2019[14]. - The net assets attributable to shareholders increased by 208.93% to CNY 786,306,436.54 at the end of 2020, compared to CNY 254,527,029.91 at the end of 2019[14]. - The company reported a weighted average return on equity of 32.65% for 2020, up from 29.86% in 2019[14]. - The net profit after deducting non-recurring gains and losses for 2020 was CNY 90,536,439.63, a 37.06% increase from CNY 66,055,225.22 in 2019[14]. Dividend Policy - The company plans to distribute a cash dividend of CNY 3.5 per 10 shares (including tax) to all shareholders[4]. - The cash dividend represents 35.24% of the net profit attributable to ordinary shareholders, which is 99,305,119.66 yuan for the year 2020[103]. - The company did not distribute any cash dividends in 2018 and 2019, indicating a significant increase in shareholder returns in 2020[103]. - The total distributable profit for the year was 140,297,724.78 yuan, with the cash dividend accounting for 100% of the profit distribution total[99]. - The company emphasizes a stable profit distribution policy, prioritizing cash dividends while ensuring sustainable development[93]. Business Expansion and Strategy - The company successfully won the Huawei National Cloud Data Center operation service project, marking its entry into the cloud data center operation service sector[24]. - The comprehensive property management service accounted for 82.62% of the company's main business revenue in 2020[25]. - The company has expanded its service offerings to include government services, which have become a new profit growth point[25]. - The company is focusing on diversifying its services, including value-added services and government-related services, to explore broader market opportunities[23]. - The company has established a strong market position in the government service sector, particularly in Hubei, and is expanding services to other regions[29]. - The company plans to explore the construction of a smart property management platform to enhance service efficiency and reduce management costs[86]. - The company will strengthen its brand influence through various promotional activities, enhancing its market competitiveness[87]. Operational Efficiency and Management - The company has implemented a mixed-ownership reform, enhancing operational efficiency and employee motivation through a strong incentive system[35]. - The company has a stable project management team with many members having nearly 20 years of experience, ensuring high-quality service delivery[32]. - The company has developed a comprehensive service standard across various property management sectors, supported by multiple quality certifications[34]. - The company is actively managing its shareholder commitments to ensure compliance with regulatory requirements[105]. - The company is focused on enhancing internal controls to improve operational efficiency[123]. Market Position and Competition - The company has been recognized as one of the top 100 property service companies in China and has received multiple industry awards[28]. - The company faces a shortage of high-end talent, which could impact service quality, and plans to enhance recruitment and internal training[89]. - The company recognizes the risk of increasing competition in the property management industry, which may pressure profit margins[88]. - Rising labor costs pose a significant challenge, prompting the company to adopt information technology to reduce personnel needs[89]. Shareholder and Regulatory Compliance - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its initial public offering[104]. - The company will not reduce its holdings of shares if the stock price falls below the initial offering price within six months after the IPO[104]. - The company has a structured decision-making mechanism for profit distribution, ensuring that minority shareholders can express their opinions[97]. - The company will disclose any major negative events or risks related to its share reduction plans[105]. - The company is currently in compliance with its commitments as of December 21, 2020[104]. Social Responsibility and Community Engagement - The company contributed 200,000 yuan to poverty alleviation efforts and organized donations exceeding 20,000 yuan for pandemic support[158]. - The company implemented strict pandemic prevention measures, ensuring no confirmed COVID-19 cases among its staff[161]. - The company provided substantial support to frontline workers during the pandemic, including the procurement of over 250,000 masks and other protective equipment[162]. - The company absorbed 52 veterans and 8 disabled individuals into its workforce, demonstrating its commitment to social responsibility[169]. - The company established a volunteer service team to provide support in residential areas, enhancing community service during the pandemic[168]. IPO and Capital Structure - The company completed its initial public offering (IPO) of 25,000,000 shares at a price of RMB 18.78 per share, raising a net amount of RMB 432,566,331.38[184]. - After the IPO, the total number of shares increased from 75,000,000 to 100,000,000, with the proportion of public shareholders rising to 25%[186]. - The net asset value per share attributable to ordinary shareholders increased by 66.71% from RMB 4.72 to RMB 7.86 following the share issuance[181]. - The company’s capital reserve increased significantly by RMB 407,566,331.38 as a result of the IPO[186]. - The company received approval from the China Securities Regulatory Commission for the IPO on November 6, 2020[179].