Business Operations - As of June 30, 2022, the company provided property management services to 250 projects across 35 cities in China, with a total contracted area of approximately 38 million square meters, representing a growth of about 0.8% compared to June 30, 2021[11]. - The area under management increased by approximately 5.7% to about 22 million square meters as of June 30, 2022[11]. - The group managed a total of 202 properties, with a total managed building area of approximately 22.0 million square meters, which is a 5.7% increase compared to the same period last year[24]. - The number of properties under management increased from 175 in 2021 to 202 in 2022, reflecting a growth of 15.4%[24]. - The total contracted building area as of June 30, 2022, was 37.969 million square meters, slightly up from 37.649 million square meters in 2021[51]. - The group expanded its regional coverage to 35 cities across 8 provinces, 1 autonomous region, and 1 municipality as of June 30, 2022[27]. - The group signed contracts for property management services covering 250 projects, with a total contracted building area of 37.969 million square meters as of June 30, 2022[51]. - The uncompleted building area for the signed projects was 15.947 million square meters, down from 16.815 million square meters in 2021[51]. Financial Performance - For the six months ended June 30, 2022, total revenue was approximately RMB 223.95 million, a significant increase from RMB 175.58 million in the same period of 2021, representing a growth of 27.5%[61]. - The group's revenue for the reporting period was approximately RMB 283.3 million, an increase of about 11.1% compared to RMB 255.0 million in the same period of 2021[86]. - Property management services remained the largest revenue source, contributing approximately RMB 224.0 million, accounting for 79.0% of total revenue[90]. - The profit attributable to the company's owners was approximately RMB 46.1 million, an increase of about 30.7% compared to RMB 35.2 million in the same period of 2021[98]. - The net profit for the period was RMB 49,169,000, compared to RMB 38,335,000 in the previous year, reflecting a significant increase of 28.3%[177]. - Gross profit increased by approximately 6.8% to about RMB 85.0 million, while the gross profit margin decreased by 1.2 percentage points to 30.0%[92]. Revenue Breakdown - Non-owner value-added service revenue decreased by 35.9% to approximately RMB 42.8 million, accounting for 15.1% of total revenue, primarily due to declines in sales management and security support services[79]. - Community value-added service revenue grew by 30.4% to approximately RMB 16.6 million, driven by increased demand for renovation and move-in services, representing 5.9% of total revenue[82]. - The revenue from residential properties managed increased to RMB 139.12 million, which is 62.1% of total revenue, compared to RMB 106.57 million or 60.7% in the previous year[74]. - The company managed 8 commercial properties, generating revenue of RMB 44.75 million, which accounted for 20.0% of total revenue, compared to 25.1% in the previous year[74]. Employee and Training Initiatives - The company emphasizes employee development through various training programs to support long-term growth and talent acquisition[19]. - The group is enhancing its employee training programs, focusing on key operational areas and providing continuous training for employees at different levels[112]. - Employee costs totaled approximately RMB 131.9 million for the reporting period, compared to RMB 113.3 million in the same period of 2021, reflecting an increase of 16.4%[112]. Corporate Governance - The group is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[117]. - The company has complied with all applicable corporate governance codes as of June 30, 2022[117]. - The audit committee has been established in accordance with the listing rules to oversee financial reporting and risk management[163]. - The company’s financial statements were reviewed by the audit committee and external auditors, ensuring compliance with international accounting standards[164]. Strategic Focus and Future Plans - The company aims to deepen its market presence in Sichuan and Xinjiang as part of its growth strategy[11]. - The company is focusing on enhancing service quality and has initiated the "Orange Storm" quality improvement plan to strengthen its quality management system[12]. - The company is expanding its service offerings by integrating property services with lifestyle services, aiming to create a comprehensive community service brand[18]. - The company aims to upgrade its smart property management platform with a budget of HKD 27.8 million, representing 10.0% of the IPO proceeds[155]. Shareholder Information - As of June 30, 2022, the company had issued a total of 285,685,000 shares, with major shareholders holding 74.67% of the shares[124][125]. - Tianyue Holding, controlled by Mr. Liu Haowei, holds 213,298,000 shares, representing approximately 74.6% of the company's equity[135]. - The board of directors decided not to declare any interim dividend for the six months ending June 30, 2022[143].
领悦服务集团(02165) - 2022 - 中期财报