
(於開曼群島註冊成立以不同投票權控制的有限責任公司) 股份代號:2423 2 3 7 18 19 22 24 25 28 122 143 145 2023630 •2023630117,521202212,25543.0%202363011,20820227,67646.0%20236305,72920224,15437.9%612022152023630523202241027.7% •2023630398202226351.0% •20236304,04920222,485202363025,9252022592 •202363043,000202263042,8312023630341,076202263041,118 •2023630435,8132022630414,9155.0%20236304409,0542022630380,2847.6% •202363054,80020226304,300 1 2(i)(ii)(iii)(iv)(v)(vi) 3 (i)60(ii)(iii)14 4(i)(ii)30(iii) 5(i)(ii)(i)(ii) 18.116%8.77% 20235220237202256 2023202253% 10046.8% 5,000 2023630120,0001.194.5% 2023630202226351.0%398202363017,521202212,25543.0%COVID-19 •202211733.5%202363015620227,67646.0%202363011,208 (i)202210127.6%202363012920223,65328.2%20236304,682 (ii)20221670.2%20236302720224,02362.2%20236306,526 •202212636.0%202363017120224,15437.9%20236305,729202363020223,42636.7%4,6832023630202272943.6%1,046 •2023630402022112022 •202210217.3%202363030 202221431.2%2023630281 •202363013320228820236302022 •202363097202290 •20236302,82520227912022 •20236301,41620221,76020236302022 •20221119.3%20236309 202249137.3%2023630117202363029.4%202218.7%abcd20222023630 2022743.7%202363076 •20236303720223820236302023630 •20222048.5%202363029202220236302022 •20221539.0%2023630920236302022 202363041202224202363010.2%20229.3%iii20222023630 20236306602022112023630715.0%20224.3%2023630EBITDA8712022237 202363040202225 2023630592022592 EBITDA (i)(ii)(iii)(i)(ii)(iii)(iv)(v)(vi)EBITDA(i)(ii)(iii)(iv)(v)(vi)(vii)(viii) EBITDA 202363060820221231611 2023630 (i)202253070087002(ii)2022111720232103005003642(iii)2023315500867612023315 2023630 2023630 2023630 202363038.0%2022123136.8% 20236305.1% A 20236304861620236307.25131.004868310%76 202363050 2023630278 2023630 2023630 202363032152268 2023630 102,2782023630 2023630 191212023630 2410 2023831 1. (a) 201876 2023630 1.() (a)() 200611101,300,000100%201388100,000100% (i)30%70%ASC 810 (ii) 1. (b) ASC 810 2023630202212312525202363020221231109.3109.3 2.1120236302022123120232022630 1. 1. (b) 2. 2.1(a) 202110ASU 2021-0880560620221215 2.1(b) 20226ASU 2022-0382020231215 2. 2.2 S-X1020221231202363020222023630202212312022123120221231 2. 2.3 2.4 (i)(ii)(iii)(iv)(v)(vi)(vii)(viii)(ix)(x) 2. 2.5 2.6 2. 2.6 1 2 3 1)2)3) 2.7 2. 2.8 ASC230 12)34 2.9 ASC 825 ASC320ASC 320ASC320 2. 2.9 202363020221231 ASC 320 2.10 202011ASC 326 2. 2.11 ASC 810 1)2)3) 2. 2.11 202011ASU 2016-13 120232022630 2. 2.12 202320226300.4 2.13 202363020221231 2. 2.14 •2040•4•35•35• 2.15 •••••• 31031035355610 ASC 350-30-35-3 2. 2.15 2.16 2019ASU2017-04350 2. 2.17 (i) ASC 323 2. 2.17 (ii) ASU2016-01ASU2016-01iiiASC 321 ASC 8252 (iii) ASC820ASC 820 2. 2.17 (iii) ASU 2016-01ASC 820 (iv) (v) 202363020221231 2. 2.17 (vi) ASC 326ASC 326202011ASC 326ASC 326 2. 2.18 (i) ASC 842ASC 842 (ii) 104447201911 2. 2.18 (ii) 12ASC 842 (iii) 2. 2.19 12 2.20 2.21 10%50% 10%50% 2. 2.21 20232022630 2.22 ASC 606ASC 606 2. 2.22 (i)ACNSaaS(ii)(iii) 2. 2.22 2. 2.22 2.18(iii) 122023112,039.72023630202363020221231 2. 202363020221231247.8155.620232022630207.453.8 ASC 606 2. 2.23 20232022630860.1612.8 2.24 ASC 718 ab 2020817 ASU 2016-09 2. 2.25 ASC 740 50% 2023202263020232022630 2. 2.26 ab20232022630(609.9)491.5202320226307.214.9 2.27 2.28 2. 2.28 2.29 2.30 2.31 (i)(ii)(iii)(iv) 2. 2.32 2.33 20232022630354397 2.34 2023202263010% 2. 2.34 202363020221231201551 202363020221231783788 2. 2.34 20236302022123134.00%33.41%20236302022123118.13%17.28%2023630202212317.93%8.24%ASC 326 202363020221231486470 2005720%20087201062010620236305.1% 3. (i)202320226304.41%2.01% (ii)1)2)3)4202363085.92%13.97%0%0.11%2022123177.42%12.39%10.01%0.18% 4. 4. 4. 2023630 2023630 6. 6. 6. 90 7. 202363020221231 202363020221231 7. 202011ASU 2016-13 20232022630 20236302022123116.23%15.50% 20236302022123145.21%42.95% 12930899017918020236302022123123.42%22.52% 7. 9. 10. (a) 20232022630 10. (a) 10. (a) 10. (b) 20232022630 11. 11. 202363058.6202363015.2 2023630 (i)(ii)(iii)(iv)ASC 825 11. (i) 1 (ii) IFM Investments LimitedIFM 201710IFM308,084,916IFM10%602017814IFM403012%IFM 2019IFM20195IFM308IFMIFM130IFM 17.5%IFMIFM438IFMIFM120.1317.9 IFMASC 3212023630IFM 37.6%IFMIFM202363063.71.23 IFM (iii) 11. 202363020221231101.591.02023202263010.5(28.2) 202153129.16%V-town COVID-1920226302022630201.82023630 11. 20236302022123162.761.620232022630 202363020221231 20236309.323 2023630160910.19,926.55,173.5202420252026 11. 202363015.52023630 20236305,288.32023630 11. 2023630 2023630 12. 2023630 2023630 (ii)202363032.8202363020236301.0 2023630202212316,468.46,462.81,561.41,528.6 13. 202363020221231 2023630121.52023630 14. 14. 202363020221231 16. 17. 18. 18. 20232022630 20232022630 19. 20232022630 (a) 2018 20188202018201812282018