新城悦服务2023年中期报告

INTERIM REPORT2023 CONTENTS 2Corporate Profile4Corporate Information7Financial Summary11Management Discussion and Analysis25Other Information43Condensed Consolidated Statement ofComprehensive Income45Condensed Consolidated Statement of FinancialPosition47Condensed Consolidated Statement of Changes inEquity49Condensed Consolidated Statement of Cash Flows51Notes to the Condensed Consolidated InterimFinancial Information CORPORATE PROFILE 悅27201034202311202363031195322.8163208.5APP S - EnjoySer vice Group Co.,Limited(the“Company”or“We”,together with its subsidiaries, the “Group”) is a fast-growing providerof property management services in China. We have been providingpropertymanagement services in China for more than 27 years.According to China Index Academy (the “CIA”statistics, for years ina row, we are among the top property services enterprises of a growingnature in China. In addition, according to the list of top 100 Chineseproperty management services enterprises announced by the CIA, ourranking moved up from the 34th in 2010 to 11th in 2023. As of 30June 2023, the property management services agreements we signedcovered 195 cities in 31 provinces, accounting for a total contractedgrossfloor area(“GFA”)of 322.8 million square metres(“sq.m.”),and projects under management covered 163 cities with GFA undermanagementof 208.5 million sq.m.in total.We provide extensiveproperty management services and value-added services for propertydevelopersas well as residents and tenants from the communitiesmanagedby us.We have also developed a one-stop informationservices platform called Orange APP. Our residents and customers canenjoy the services we provide through their mobile devices. Based onour excellent services and enhanced market reputation, we have built aproperty services brand emphasizing quality and customers. OUR BUSINESS MODEL 2023630 For the six months ended 30 June 2023 (the “Reporting Period”), ourrevenue has been primarily derived from two business lines — propertymanagementservices and value-added services.Our value-addedservices cover three business categories comprising developer-relatedvalue-addedservices,community-related value-added services andsmart community services. PROPERTY MANAGEMENT SERVICES 2023630 We provide an extensive range of property management services toresidents and tenants, including property and facilities maintenance,securityservices,maintenance and cleaning services,horticultureservices,public areas repair and maintenance and other propertymanagement related services. We manage diverse property portfolios,includingresidential and non-residential proper ties,from officebuildings, multi-purpose complexes and factories to parks and industrialzones. For the six months ended 30 June 2023, the majority of ourrevenue came from providing property management services. CORPORATE PROFILE VALUE-ADDED SERVICES O urvalue -add ed s er v ices encompas s thre e t y p es of s er v ices:developer-related value-added services, community-related value-addedservices and smart community services. •Developer-relatedvalue-added services:we provide relateds e r v i c e st o p r o p e r t y d e v e l o p e r s d u r i n g t h e p r o p e r t ydevelopment. •Co m m u n i t y - r e l a t e dv a l u e - a d d e d s e r v i c e s :W e p r o v i d evalue-added services to residents and customers in the projectswemanage,including public resources management services,community engineering services, extensive decoration services,assetmanagement ser vices,catering ser vices,facility andequipment management and various other home living services. Smart community services: We provide one-stop smart solutionsfor communities and various business projects. CORPORATE INFORMATION DIRECTORS Executive Directors Mr. Qi Xiaoming(Chairman)Mr. Gao XinliMs. Wu Qianqian Non-executive Directors Mr. Wang XiaosongMr. Lv XiaopingMr. Lu Zhongming Independent Non-executive Directors Ms. Zhang YanMr. Zhu WeiMr. Xu Xinmin JOINT COMPANY SECRETARIES Mr. You JianfengMs. Ng Sau Mei AUDIT COMMITTEE Ms. Zhang Yan(Chairman)Mr. Lu ZhongmingMr. Zhu Wei REMUNERATION COMMITTEE Mr. Zhu Wei(Chairman)Mr. Xu XinminMr. Qi Xiaoming NOMINATION COMMITTEE Mr. Xu Xinmin(Chairman)Ms. Zhang YanMr. Lv Xiaoping CORPORATE INFORMATION ENVIRONMENTAL, SOCIAL AND GOVERNANCECOMMITTEE Mr. Qi Xiaoming(Chairman)Mr. Gao XinliMs. Wu Qianqian AUDITOR 22 PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22/F, Prince’s BuildingCentral, Hong Kong LEGAL ADVISER 153232033207 Jingtian & Gongcheng LLPSuites 3203–3207, 32/F, Edinburgh TowerThe Landmark15 Queen’s Road CentralCentral, Hong Kong PRINCIPAL BANKERS 88-1 China Merchant Bank, Changzhou BranchChangzhou Branch Tower 1No. 88, Tongjiang Road South, ChangzhouJiangsu, the PRC 14 Agricultural Bank of China, Changzhou, Hutang BranchNo. 14, Renmin Road Central, HutangWujin ChangzhouJiangsu, the PRC 43-6 China Construction Bank, Beijing Ro