截至2024年年报，融创服务营业总收入69.7亿元、净利润-4.51亿元。 8月18日，融创服务(01516)盘中上涨5.43%，截至10:36，报1.94元/股，成交3545.56万元。 融创服务控股有限公司专注于提供高品质物业管理和商业运营综合服务，覆盖住宅、商写、城市服务等 多个业态，致力于成为"中国品质服务首选品牌"。公司在核心城市中高端物业领域稳步发展，凭借创新 的服务模式和高端定制化服务，逐步确立行业领先地位。 8月25日，融创服务将披露2025财年中报。 本文源自：金融界 作者：行情君 ...

格隆汇8月13日丨融创服务(01516.HK)公告，公司将于2025年8月25日(星期一)举行董事会会议，以考虑 及批准(其中包括)公司及其附属公司截至2025年6月30日止6个月中期业绩及其发布。 ...

（於開曼群島註冊成立的有限公司） 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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 SUNAC SERVICES HOLDINGS LIMITED 融創服務控股有限公司 （股票代號：01516） 董事會會議召開日期 融創服務控股有限公司（「 本公司 」）董事會（「 董事會 」）謹此宣佈， 本公司將於 2025年8月25日（星期一）舉行董事會會議，以考慮及批准（其中包括）本公司及 其附屬公司截至2025年6月30日止六個月之中期業績及其發佈。 承董事會命 於本公告日期，董事會主席兼非執行董事為汪孟德先生；執行董事為曹鴻玲女士 及楊曼女士；非執行董事為路鵬先生及高曦先生；及獨立非執行董事為王勵弘女 士、姚寧先生及趙中華先生。 融創服務控股有限公司 主席 汪孟德 香港，2025年8月13日 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 融創服務控股有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01516 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定/ ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a projected investment return exceeding the market benchmark by more than 15% over the next 6-12 months [5][8]. Core Insights - The company has made significant progress in restructuring its offshore debt, with approximately 82% of bondholders supporting the plan, which is expected to reduce reliance on related parties and enhance independent growth capabilities [1][2]. - The company reported a strong sales performance in May, with total sales amounting to 4.9 billion yuan, a year-on-year increase of 128% [1]. - The company aims to achieve stable growth by focusing on core cities, with a projected revenue of 7 billion yuan in 2023, slightly decreasing to 6.97 billion yuan in 2024, but expected to grow thereafter [4][7]. Summary by Sections Financial Performance - For 2024, the company anticipates revenue of 7 billion yuan, with a core net profit of 800 million yuan, maintaining a dividend payout of approximately 4.4 billion yuan, which is 55% of the core net profit [1][4]. - The gross margin for property management services is projected to be 20.9%, with overall gross margin declining by 1.9 percentage points to 21.9% due to increased service quality costs [3][4]. Business Structure and Growth - The company has significantly reduced its dependence on related parties, with third-party revenue expected to reach 6.8 billion yuan in 2024, accounting for 97.6% of total revenue [2]. - The company has a management area of 290 million square meters, with a project renewal rate of 95%, indicating a solid operational foundation [2]. Profitability Forecast - The company is projected to turn profitable by 2025, with net profit estimates revised to 420 million yuan for 2025 and 620 million yuan for 2027, reflecting a recovery trajectory [3][4].

Group 1 - The core viewpoint of the article highlights the performance of the China Securities Hong Kong Property Management and Services Theme Index, which has shown significant growth over the past month, three months, and year-to-date [1] - The index has increased by 6.27% in the last month, 12.78% in the last three months, and 9.84% year-to-date [1] - The index comprises 30 listed companies involved in property management services, community value-added services, and non-owner value-added services, reflecting the overall performance of the Hong Kong market in this sector [1] Group 2 - The top ten weighted companies in the index include China Resources Vientiane Life (16.07%), Country Garden Services (15.21%), Poly Property (13.82%), and others, indicating a concentration in a few key players [1] - The index is fully composed of companies listed on the Hong Kong Stock Exchange, with a 100% representation in the property management sector [1] - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December [2]

Core Viewpoint - Sunac Services is divesting its 80% stake in Guangxi Zhangtai Rongchuang for approximately RMB 826.62 million to optimize its strategic focus on first and second-tier cities [1] Group 1: Transaction Details - The transaction involves Sunac Services' wholly-owned subsidiary, Rongyuan Investment, entering into a share transfer agreement with Guangxi Laozhangjia [1] - Following the completion of this transaction, Sunac Services will no longer hold any equity in Zhangtai Service Group [1] Group 2: Strategic Implications - The divestment is part of Sunac Services' strategy to concentrate resources and management efforts on core urban areas [1]

Financial Performance - For the year ended December 31, 2024, the Group reported total revenue of approximately RMB 6.97 billion, a slight decrease from RMB 7.01 billion in 2023[10]. - Revenue from non-related parties reached approximately RMB 6.80 billion, representing a year-on-year growth of about 5.6% and accounting for approximately 98% of total revenue[13]. - The Group's net loss for the year was RMB 433.14 million, compared to a loss of RMB 393.18 million in 2023[10]. - The gross profit for the year ended December 31, 2024, was approximately RMB 1,527.3 million, down from RMB 1,667.9 million in 2023, reflecting a decrease of about 8.4%[32]. - The gross margin decreased to approximately 21.9% in 2024 from 23.8% in 2023, a decline of about 1.9 percentage points[32]. - Community living services revenue decreased by approximately RMB 30.8 million (approximately 6.5%) to about RMB 443.0 million for the year ended December 31, 2024[23]. - The gross profit margin for property management and operation services decreased from approximately 23.8% in 2023 to 20.9% in 2024, mainly due to increased maintenance costs[33]. Assets and Liabilities - The Group's total assets as of December 31, 2024, were RMB 10.59 billion, down from RMB 11.64 billion in 2023[11]. - The total equity of the Group decreased to RMB 5.32 billion in 2024 from RMB 6.24 billion in 2023[11]. - The net amount of trade and other receivables was approximately RMB 3,590.2 million as of December 31, 2024, a decrease of about RMB 727.4 million from RMB 4,317.6 million as of December 31, 2023, primarily due to an increase in trade receivables and impairment provisions[45]. - The group's available funds totaled approximately RMB 4,068.8 million as of December 31, 2024, a decrease of about RMB 366.8 million from RMB 4,435.6 million as of December 31, 2023, mainly due to cash outflows for dividends[47]. - The current ratio was approximately 1.5 times as of December 31, 2024, compared to approximately 1.7 times as of December 31, 2023[47]. - The group has no loans or borrowings as of December 31, 2024, maintaining an asset-to-liability ratio of zero[47]. Revenue Breakdown - Property management and operation services revenue increased by approximately RMB 221.0 million (approximately 3.6%) to about RMB 6,379.6 million for the year ended December 31, 2024, driven by an increase in managed building area[22]. - The proportion of revenue from core cities in the group's contracts reached approximately 98%, an increase of about 6 percentage points year-on-year[15]. - The community living service business achieved revenue of approximately RMB 2.2 billion, representing a year-on-year growth of about 5% and accounting for about 50% of total community living service revenue[16]. - The revenue from convenience services was approximately RMB 215.84 million, remaining stable compared to RMB 216.35 million in 2023[24]. - Space operation services revenue decreased by approximately RMB 26.0 million to RMB 117.19 million, primarily due to the active reduction of non-core business operations[25]. - Non-owner value-added services revenue was approximately RMB 146.9 million, a significant decrease of about RMB 230.2 million (approximately 61.0%) from RMB 377.1 million in 2023[29]. Operational Metrics - The number of managed properties increased to approximately 2.91 million square meters, reflecting a year-on-year growth of about 7%[14]. - The number of managed households rose to approximately 1.7 million, marking an 8% increase compared to the previous year[14]. - The renewal rate of contracts increased by 4 percentage points to approximately 95%[14]. - The group invested over RMB 60 million in 541 projects in 2024 to enhance service quality and address owner concerns, resulting in over 80% improvement in collection rates[14]. Governance and Management - The management team includes experienced professionals with over 20 years in the real estate industry, enhancing strategic decision-making capabilities[54][55][56]. - The company emphasizes the importance of good corporate governance and has adopted the corporate governance code as its own[70]. - The board consists of eight members, including two executive directors, three non-executive directors, and three independent non-executive directors[73]. - The company has established various board committees, including the audit committee, remuneration committee, nomination committee, and ESG committee[71]. - The company has confirmed the independence of all independent non-executive directors in accordance with listing rules[76]. ESG and Risk Management - The group has a strong focus on environmental, social, and governance (ESG) initiatives, led by the CEO who also chairs the ESG committee[55]. - The company has committed to integrating ESG and climate-related expectations into its business decision-making processes[98]. - The company has established a clear risk management structure, with the board overseeing risk management and the audit committee reviewing its effectiveness[106]. - The company has implemented effective risk management procedures, including risk identification, analysis, response, and monitoring responsibilities[109]. Shareholder and Dividend Information - The group plans to declare a final dividend of RMB 0.143 per share for the year 2024, totaling approximately RMB 437 million, which represents about 55% of the core net profit attributable to shareholders[16]. - The company maintains a dividend policy aimed at providing stable and sustainable dividends while ensuring sufficient financial resources for business growth[137]. - The proposed final dividend for the year ending December 31, 2024, is RMB 0.143 per share, totaling approximately RMB 437 million, subject to shareholder approval[139]. Strategic Investments and Future Plans - The company plans to seek strategic investment and acquisition opportunities related to its core property management and community operations[124]. - The company has allocated HKD 1,480 million for further expansion of community value-added services, with HKD 431 million utilized to date[128]. - The company plans to upgrade its smart management service system with an allocation of HKD 768 million, of which HKD 415 million has been utilized[128].

Financial Performance - The group's revenue for the year ended December 31, 2024, was approximately RMB 6.97 billion, showing a year-on-year decrease of about 0.56%[2] - The attributable loss to the company's owners was approximately RMB 451 million, representing an increase in loss of about 3.71% year-on-year[2] - The core net profit attributable to the company's owners was approximately RMB 796 million, remaining stable compared to the previous year[2] - Non-related party revenue increased by approximately 5.63% year-on-year to about RMB 6.80 billion[2] - The company's gross profit for the fiscal year ending December 31, 2024, was approximately RMB 1,527.3 million, a decrease of about RMB 140.6 million (approximately 8.4%) from RMB 1,667.9 million in the previous year[62] - The gross margin decreased to approximately 21.9%, down 1.9 percentage points from 23.8% in the previous year, primarily due to increased maintenance costs[62] - The net loss for the year ended December 31, 2024, was approximately RMB 433.1 million, with the loss attributable to the company's owners being approximately RMB 451.2 million, compared to a net loss of approximately RMB 393.2 million for the year ended December 31, 2023[68] Dividends - The board proposed a final dividend of RMB 0.143 per share, totaling approximately RMB 437 million, which is about 55% of the core net profit attributable to the company's owners[2] - The proposed final dividend for 2024 is RMB 0.143 per share, totaling approximately RMB 437,129 thousand, consistent with the previous year's dividend[30] - The board proposed a final dividend of RMB 0.143 per share for the year ending December 31, 2024, totaling approximately RMB 437 million, subject to shareholder approval[89] - The final dividend payment is expected to be made in cash around June 6, 2025, pending shareholder approval[89] Assets and Liabilities - The total assets of the group as of December 31, 2024, were approximately RMB 10.59 billion, down from RMB 11.64 billion in the previous year[9] - The total liabilities of the group decreased to approximately RMB 5.27 billion from RMB 5.41 billion in the previous year[9] - The equity attributable to the company's owners decreased to approximately RMB 5.17 billion from RMB 6.04 billion in the previous year[9] - The total current liabilities for trade and other payables decreased to RMB 2,841.47 million in 2024 from RMB 3,036.87 million in 2023[41] - The net trade and other receivables as of December 31, 2024, were approximately RMB 3,590.2 million, a decrease of about RMB 727.4 million from approximately RMB 4,317.6 million as of December 31, 2023[71] - The group's available funds as of December 31, 2024, totaled approximately RMB 4,068.8 million, a decrease of about RMB 366.8 million from approximately RMB 4,435.6 million as of December 31, 2023[74] Revenue Breakdown - Property management and operation services generated revenue of RMB 6,379,627 thousand, up 3.6% from RMB 6,158,647 thousand in the previous year[22] - Revenue from third-party sources increased by 5.6% to RMB 6,801.7 million, accounting for 97.6% of total revenue, while revenue from related parties decreased by 70.6% to RMB 167.8 million, representing 2.4% of total revenue[47] - Community living services revenue decreased by approximately RMB 30.8 million (approximately 6.5%) to RMB 443.0 million, primarily due to a reduction in space operation services[54] - Non-owner value-added services revenue fell by approximately RMB 230.2 million (approximately 61.0%) to RMB 146.9 million, attributed to a contraction in business volume amid a lack of significant improvement in the real estate sector[58] Operational Metrics - As of December 31, 2024, the total managed area reached approximately 291 million square meters, a year-on-year increase of about 7%[81] - The number of managed owner households increased to approximately 1.7 million, representing a year-on-year growth of about 8%[81] - The renewal rate improved by 4 percentage points to approximately 95%, with residential projects accounting for about 84% of the saturated income[81] - In 2024, the signing amount in core cities accounted for about 98%, an increase of approximately 6 percentage points year-on-year, with project density in single cities increasing by about 11% compared to 2022[82] - The community service business generated revenue of approximately RMB 220 million, a year-on-year increase of about 5%, accounting for about 50% of total community service income[83] Employee and Governance - The group employed 27,051 staff as of December 31, 2024, with total employee costs amounting to approximately RMB 2.739 billion for the year[94] - The company has established a comprehensive internal training program for employees to enhance their professional and service skills[96] - The audit committee, consisting of three independent non-executive directors, reviewed the financial reporting procedures and internal controls for the year ending December 31, 2024[99] - The company has adopted the corporate governance code and complied with all applicable provisions for the year ending December 31, 2024[98] Future Outlook - The company plans to invest over RMB 60 million in 541 projects in 2024, addressing owner issues and improving project collection rates by over 80%[81] - The company aims to enhance service quality and operational stability while focusing on core business areas and developing differentiated competitive advantages[86] - The company will continue to innovate and implement new technologies to improve efficiency and service quality, while streamlining management structures[86] - The company anticipates that the scale of new property management services for Zhangtai Service will not meet previous expectations due to slower project expansion and rising service costs[36]

Financial Performance - For the first half of 2024, the Group achieved revenue of approximately RMB 3.484 billion, with a gross profit of about RMB 888 million, both showing stable growth year-on-year[7]. - The core net profit attributable to the owners of the Company was approximately RMB 455 million, remaining flat compared to the previous year[7]. - The group recorded revenue of approximately RMB 3,483.7 million for the six months ended June 30, 2024, an increase of about RMB 87.6 million (approximately 2.6%) compared to RMB 3,396.1 million for the same period in 2023[14]. - For the six months ended June 30, 2024, the total revenue was approximately RMB 3,483.7 million, representing a growth of 2.6% compared to RMB 3,396.1 million for the same period in 2023[15]. - The gross profit for the six months ended June 30, 2024, was approximately RMB 888.4 million, an increase of RMB 40.9 million (4.8%) from RMB 847.5 million in the previous year, with a gross margin of 25.5%[25]. - The company incurred a net loss of RMB 460,352 thousand for the six months ended June 30, 2024, compared to a profit of RMB 364,920 thousand in the prior year, reflecting a significant decline[74]. - The financial assets impairment loss for the period was RMB 1,136,572 thousand, a substantial increase from RMB 38,385 thousand in the previous year[74]. - The company reported a total comprehensive loss of RMB 472,234 thousand for the six months ended June 30, 2024[78]. Revenue Breakdown - Property management and operation services revenue was approximately RMB 3,172.4 million, an increase of about RMB 226.0 million (7.7%) from RMB 2,946.4 million in the previous year, driven by an increase in managed building area[17]. - Community living services revenue decreased to approximately RMB 213.1 million, down RMB 33.1 million (13.4%) from RMB 246.2 million in the previous year, primarily due to the impact of the real estate market[19]. - Non-owner value-added services revenue fell to approximately RMB 98.2 million, a decrease of RMB 105.2 million (51.7%) from RMB 203.4 million in the previous year, due to ongoing adjustments based on market principles[22]. - Revenue from third-party property developers was approximately RMB 887.2 million, accounting for about 28% of the total property management revenue[17]. Cost and Expenses - The sales cost for the six months ended June 30, 2024, was approximately RMB 2,595.3 million, an increase of RMB 46.8 million (1.8%) from RMB 2,548.5 million in the previous year[24]. - Administrative expenses for the six months ended June 30, 2024, were approximately RMB 294.5 million, a decrease of about RMB 20.9 million from RMB 315.4 million for the same period in 2023[27]. - Sales and marketing expenses decreased to approximately RMB 25.9 million for the six months ended June 30, 2024, down by about RMB 12.1 million from RMB 38.0 million for the same period in 2023[28]. - The group’s total expenses for the six months ended June 30, 2024, were RMB 4,052,285,000, an increase from RMB 2,940,310,000 in the same period of 2023[121]. Asset Management - As of June 30, 2024, the total managed area was approximately 282 million square meters, with over 1.6 million owner households under management[7]. - The total managed building area as of June 30, 2024, was approximately 282 million square meters, with residential properties accounting for about 88%[17]. - The company reported a total of RMB 1,160,394 thousand in financial assets measured at fair value through profit or loss as of June 30, 2024, significantly up from RMB 277,378 thousand as of December 31, 2023, indicating a growth of 318.5%[152]. - The total book value of trade receivables increased from RMB 2,492,497 thousand on December 31, 2023, to RMB 3,161,635 thousand on June 30, 2024, reflecting a growth of approximately 27%[93][92]. Impairment and Provisions - The net impairment loss on financial assets for the six months ended June 30, 2024, was approximately RMB 1,136.6 million, significantly higher than RMB 38.4 million for the same period in 2023[29]. - The total provision for losses on financial assets increased from RMB 2,616,727 thousand at the beginning of the year to RMB 3,708,533 thousand by June 30, 2024, showing a significant rise in credit risk management[100]. - The total provision for trade and other receivables amounted to approximately RMB 3,567 million, an increase from RMB 2,614 million as of December 31, 2023, representing a year-over-year increase of 36.4%[18]. - The company has recognized a net impairment loss of RMB 1,136,572 thousand for the six months ended June 30, 2024, indicating ongoing challenges in asset recoverability[104]. Corporate Governance - The company has adopted the corporate governance code as per the Stock Exchange Listing Rules and has complied with all applicable provisions during the six months ending June 30, 2024[37]. - The board of directors confirmed compliance with the standard code for securities transactions during the six months ending June 30, 2024[38]. - The company emphasizes the importance of good corporate governance and regularly discusses group performance and operational strategies[37]. Shareholder Information - The company holds 419,340,750 shares under the share incentive plan, representing approximately 13.72% of the issued shares as of June 30, 2024[44]. - The share incentive plan aims to align the interests of selected participants with those of shareholders[41]. - The company did not recommend any interim dividend for the six months ended June 30, 2024, which is the same as the previous year[64]. Employee and Management - The company reported a total of 26,839 employees as of June 30, 2024, an increase from 26,795 employees as of December 31, 2023[65]. - Total compensation for key management personnel decreased to RMB 12,820 thousand for the six months ended June 30, 2024, down from RMB 17,945 thousand in the same period of 2023, a decrease of 28.5%[163]. Cash Flow and Liquidity - Cash and cash equivalents decreased significantly from RMB 3,979,504 thousand to RMB 2,180,527 thousand, a drop of approximately 45.24%[75]. - Operating cash flow for the six months ended June 30, 2024, was a net cash outflow of RMB 492,112 thousand, compared to a net inflow of RMB 6,614 thousand for the same period in 2023[80]. - The company’s cash flow from operating activities was significantly impacted, with a cash outflow of RMB 344,490 thousand compared to a cash inflow of RMB 132,966 thousand in the same period of 2023[80]. Strategic Initiatives - The group remains committed to high-quality development and focuses on mid-to-high-end properties in core cities[3]. - The group is focused on expanding market share in core cities and enhancing service quality, aiming for sustainable growth and reliable returns for shareholders[12]. - The company plans to utilize net proceeds from fundraising for strategic investments in property management and community-related operations, with an expected total allocation of RMB 9,042 million[69].