兴业物联中期报告 2023

(incorporated in the Cayman Islands with limited liability)Stock Code9916 CONTENTS Page Corporate Information2Management Discussion and Analysis4Other Information16Independent Review Report25Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income27Interim Condensed Consolidated Statement of Financial Position29Interim Condensed Consolidated Statement of Changes in Equity31Interim Condensed Consolidated Statement of Cash Flows33Notes to Interim Condensed Consolidated Financial Information35 CORPORATE INFORMATION BOARD OF DIRECTORSExecutive Director Qiu Ming(Chairman and Chief Executive Officer)(appointed with effect from 28 April 2023)Zhu Jie(Chairman and Chief Executive Officer)(resigned with effect from 28 April 2023) Non-executive Directors Zhang HuiqiWang JinhuLiu Zhenqiang Independent non-executive Directors Xu ChunFeng ZhidongZhou Sheng AUDIT COMMITTEEFeng Zhidong(Chairman)Zhou ShengXu Chun REMUNERATION COMMITTEE Zhou Sheng(Chairman)Feng ZhidongXu Chun NOMINATION COMMITTEE Qiu Ming(Chairman)(appointed with effect from 28 April 2023) Zhu Jie(Chairman)(resigned with effect from 28 April 2023) Zhou ShengXu Chun AUTHORISED REPRESENTATIVESEric Jackson ChangQiu Ming COMPANY SECRETARYEric Jackson Chang AUDITORErnst & YoungCertified Public Accountant and Registered PIE Auditor SOLICITORHowse Williams CORPORATE INFORMATION PRINCIPAL BANKER 63 China Construction Bank (Hanghai Dong Lu branch)No. 63 Hanghai Dong LuZhengzhou CityHenan ProvinceChina HONG KONG SHARE REGISTRAR 䢭1617 Tricor Investor Services Limited17/F Far East Finance Centre16 Harcourt RoadHong Kong REGISTERED OFFICE IN THE CAYMAN ISLANDS Cricket SquareHutchins DrivePO Box 2681, Grand CaymanKY1-1111, Cayman Islands Cricket SquareHutchins DrivePO Box 2681, Grand CaymanKY1-1111, Cayman Islands HEADQUARTERS AND REGISTERED OFFICE IN THEPRC 11105 Room 105, 1st FloorNo.1 Gangwan RoadGuancheng Hui District, Zhengzhou CityHenan ProvinceChina PLACE OF BUSINESS IN HONG KONG 40-4424 24th FloorWyndham Place40-44 Wyndham Street, CentralHong Kong www.xingyewulian.com * WEBSITEwww.xingyewulian.com * 9916 STOCK CODEStock Exchange: 9916 * *Information on the website does not form part of this interim report MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS OVERVIEW Established in 1999, we are a reputable property management service providerin Henan Province with a particular focus on offering property management andvalue-added services. We provide a wide range of property management serviceswhich include, among others, security, cleaning, greening and gardening, parkingspace management, repair and maintenance for common areas and customerservices, and value-added services which include repair and maintenance forexclusive use areas, renovation waste clearance, intermediary leasing services, etc.We also provide our customers with property engineering services which includethe planning, design and installation of security and surveillance systems, accesscontrol systems, carpark management systems and construction site managementsystems, in order to enhance the quality of the property management systems ofour customers. During the six months ended 30 June 2023 (the “Period”), the Group continuedits business strategies to diversify its portfolio of pipeline properties from non-residential properties to also residential properties in provision of propertymanagement and value-added services. Thus, our portfolio of properties undermanagement expanded during the Period from gross floor area (“GFA”) ofapproximately 7.2 million sq.m. as at 31 December 2022 to approximately 8.2million sq.m. as at 30 June 2023. As at 30 June 2023, our portfolio of contractedproperties covered GFA of approximately 12.7 million sq.m. in aggregate. 7.28.212.7 During the Period, the Group continued to expand the scale of propertyengineering services performed for the customers as compared to thecorresponding period of 2022. During the Period, we have entered into 7new property engineering contracts with an aggregated contract amount ofapproximately RMB6.1 million. As at 30 June 2023, the total contract sum forcontracted engineering services with remaining performance obligations amountedto contract sum for RMB35.6 million, which will contribute to the Group’s revenuein the future. 76.135.6 MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL REVIEW Revenue (i)(ii) Our Group’s revenue was primarily generated from (i) property management andvalue-added services and (ii) property engineering services. 159.7155.74.12.6% For the Period, our Group’s total revenue was approximately RMB159.7 million,representing an increase of approximately RMB4.1 million or 2.6% as comparedto approximately RMB155.7 million for the six months ended 30 June 2022.Such increase was primarily attributable to the increase in segment revenue fromproperty management services. The following table sets out the breakdown of our revenue by type of services fo