Business Expansion and Partnerships - Times Neighborhood launched the Neighborhood Services Pro APP, providing "one-stop" services for property owners, including property fee payment and house maintenance[8]. - Times Neighborhood opened four lease and sales centers in Foshan, marking its commitment to upgrading and deepening its market presence[14]. - The company entered into an equity cooperation with Hitachi Elevator to establish a new service ecosystem, enhancing its service quality[19]. - A cooperation agreement was signed with China Lesso Group to explore diversified property services in key urban areas[22]. - Times Neighborhood signed a partnership with Xiong Feng Group to enhance service quality through intelligent technology and value-added services[24]. - The company collaborated with Huamei International Education Group to improve school property services using digital and intelligent methods[28]. - The company partnered with GDleju Commercial Group to enhance regional business services, officially providing services for the GDleju Commercial Group Building[37]. Community Engagement and Environmental Initiatives - Times Neighborhood successfully held the first "Beauty Creation Festival," engaging over 300,000 families in community activities[31]. - The company initiated a series of low-carbon environmental activities, promoting carbon neutrality and sustainability within its communities[34]. - Times Neighborhood launched the "Carbon Reduction Convention of Times Community" to promote low-carbon initiatives across its communities in China[35]. - Times Neighborhood's efforts in environmental protection included community-based activities to promote carbon neutrality and low-carbon living[35]. - The company actively promoted the "National Green and Low-carbon Action" initiative, engaging in various community-based environmental protection activities[79]. Financial Performance and Growth - The company achieved a revenue of approximately RMB 2,719.7 million, reflecting a year-on-year growth of about 54.7%[71]. - Gross profit amounted to approximately RMB 742.1 million, with a year-on-year increase of around 39.8%[71]. - Community value-added service revenue was approximately RMB 547.1 million, showing a significant year-on-year growth of about 193.8%[71]. - The total contracted gross floor area (GFA) reached 132.0 million square meters, with 1,038 contracted projects as of December 31, 2021[69]. - The managed area successfully surpassed 100 million square meters, representing a year-on-year increase of approximately 53.3%[71]. - The company reported a significant increase in revenue, achieving a total of $1.2 billion for the fiscal year, representing a 15% year-over-year growth[137]. - Revenue for 2021 reached RMB 2,719,747, an increase of 54.7% compared to RMB 1,758,427 in 2020[100]. Recognition and Awards - The company was included in the Hang Seng Property Service and Management Index, reflecting its leading position in the Hong Kong market[12]. - Times Neighborhood was recognized as the 12th in the Top 100 Property Management Companies in China by the China Index Academy in 2021[40]. - Times Neighborhood was awarded as one of China's Top 15 Listed Property Management Companies in 2021 by the China Property Management Institute[44]. - The company was recognized as a leading enterprise in market expansion among listed property companies in China in 2021[44]. - Times Neighborhood was named a leading brand in professional operation of property management in 2021 by the China Index Academy[44]. - The company received accolades for its innovative property management solutions, being recognized as a Company with Property Innovation in 2021[44]. Management and Governance - The establishment of an Environmental, Social and Governance (ESG) committee was announced to guide the company's ESG management policies and strategies[79]. - The company has a diverse board with members possessing extensive experience in finance, law, and corporate governance[143]. - The independent non-executive directors are responsible for providing independent opinions on the group's operations and management[145]. - The board composition reflects a commitment to strong governance and oversight within the company[149]. - The company emphasizes the importance of independent directors in ensuring transparency and accountability in its operations[144]. Strategic Focus and Future Plans - The company is focusing on core business areas and actively expanding in key urban clusters[71]. - The company plans to focus on four core urban agglomerations: Guangdong-Hong Kong-Macao Greater Bay Area, Yangtze River Delta, Chengdu-Chongqing, and Central China[95]. - The company aims to enhance community-based value-added services through the establishment of "housing groups" and "resident groups"[96]. - The company will continue to invest in technology to optimize customer experience and improve operational efficiency[96]. - The company aims to diversify its business scope while increasing its market share through strategic investments and acquisitions[167]. Market Presence and Operations - The company has established a strong presence in the Guangdong-Hong Kong-Macao Greater Bay Area, being recognized as a leading enterprise in the property management market in that region[49]. - As of December 31, 2021, the company managed property services across 87 cities, with 901 property management projects and a total managed area of approximately 105.5 million sq.m.[166]. - The company has 137 contracted property management projects yet to be handed over, with an undelivered area of approximately 26.5 million sq.m.[166]. - The company continues to benefit from the rapid growth of Times China Group's real estate development business while expanding into independent third-party markets[183].
时代邻里(09928) - 2021 - 年度财报