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荣万家(02146) - 2023 - 中期财报
02146ROISERV(02146)2023-09-28 08:49

Financial Performance - Net profit for the six months ended June 30, 2023, was approximately RMB 973 million, a decrease of about 46.9% from RMB 1,832 million for the same period in 2022[4] - Adjusted profit for the same period decreased by approximately 47.0% from RMB 1,867 million to RMB 990 million[4] - Revenue for the six months ended June 30, 2023, was RMB 881,439 thousand, a decrease of 19.42% compared to RMB 1,093,802 thousand in 2022[79] - Gross profit for the same period was RMB 210,569 thousand, down 36.06% from RMB 329,303 thousand in 2022[79] - Net profit for the period was RMB 97,350 thousand, reflecting a decline of 46.87% from RMB 183,224 thousand in the previous year[79] - Adjusted net profit was RMB 99,057 thousand, a decrease of 46.95% compared to RMB 186,739 thousand in 2022[79] - The gross margin decreased to 23.9% from 30.1%, a drop of 4.8 percentage points[79] Expenses and Liabilities - Management expenses decreased by approximately 28.2% from RMB 795 million for the six months ended June 30, 2022, to RMB 570 million for the six months ended June 30, 2023[1] - Income tax expenses dropped approximately 64.4% from RMB 657 million for the six months ended June 30, 2022, to RMB 234 million for the six months ended June 30, 2023, with an effective tax rate of about 19.3%[3] - Cash and cash equivalents decreased from RMB 821.7 million as of December 31, 2022, to RMB 748 million as of June 30, 2023[21] - Total liabilities increased slightly by 0.54% to RMB 1,893,056 thousand from RMB 1,882,908 thousand[79] Assets and Investments - Trade and other receivables increased by approximately 6.7% from RMB 2,732 million as of December 31, 2022, to RMB 2,915 million as of June 30, 2023[12] - Current assets increased by approximately 2.9% from RMB 3,659 million as of December 31, 2022, to RMB 3,765 million as of June 30, 2023[20] - Fixed assets slightly increased by approximately 0.8% from RMB 360 million as of December 31, 2022, to RMB 363 million as of June 30, 2023[9] - Investment properties grew from RMB 608 million as of December 31, 2022, to RMB 612 million as of June 30, 2023[10] Acquisitions and Strategic Initiatives - The acquisition of 80% equity in Hebei Jinxiang was completed on June 30, 2023, for a consideration of RMB 40.0 million, and its financial performance will be consolidated into the group's results[39] - On July 28, 2023, the company completed the acquisition of a 70% stake in Wan Jia Smart Environment (Beijing) Co., Ltd. for RMB 50.155 million[52] - The company plans to allocate approximately HKD 151.8 million for strategic acquisitions in the environmental sanitation, medical beauty, and tourism sectors, expected to be utilized by 2025[44] Employee and Talent Development - As of June 30, 2023, the company had a total of 6,625 full-time employees, with employee costs recognized as approximately RMB 278.6 million for the six months ending June 30, 2023, down from RMB 332.2 million for the same period in 2022[50] - The company organized approximately 840 training sessions, with nearly 38,000 participants, to enhance talent development as of June 30, 2023[51] - The company has adopted a competitive compensation structure and performance evaluation system, including equity incentives and bonuses, to motivate employees[50] Market Position and Growth Strategy - The company aims to enhance service quality and customer experience, focusing on becoming a trusted and high-quality life service provider[129] - The company is actively expanding its market presence and exploring new strategies for growth[76] - The company plans to diversify its service offerings by entering new sectors such as urban services, hospitals, schools, and municipal public services, while focusing on selective acquisitions[139] Community and Value-Added Services - Community value-added services revenue increased by 16.3% to RMB 175.8 million, compared to RMB 151.1 million in the same period last year[104] - The company aims to enrich community value-added services by utilizing big data analytics to better understand customer needs and preferences, enhancing service quality[141] - The company has established 61 offline convenience stores with over 45,000 SKU items, achieving approximately 1.1 million registered users in the rice community[174] Compliance and Governance - The company has maintained compliance with corporate governance codes and has confirmed adherence to all applicable codes during the reporting period[56][57] - The company is committed to maintaining transparency and compliance with regulatory requirements[76]