弘阳服务二零二三年年报

ABOUT US Established in Nanjing in 2003, the Group is a well-recognized comprehensivecommunity service provider in Jiangsu province, China, with region-leadingand balanced property management abilities in the management of residentialand commercial properties. Through our continued development over theyears, we have established our regional leading position in the propertymanagement market of Jiangsu province and are well-recognized nationwideas we kept expanding our business in the rest of the country. With a vision of“making lives warmer”, the Group has been pursuing the service philosophyof “provide customers with high-quality services with sincerity”, and hasdeveloped the “Property Service + Life Service” model to serve propertyowners and customers. 2003+ CONTENTS 004Corporate Information009Chairman’s Statement015Management Discussion and Analysis039Directors and Senior Management048Directors’ Report084Corporate Governance Report111Independent Auditor’s Report119Consolidated Statement ofProfit or Loss and OtherComprehensive Income121Consolidated Statement ofFinancial Position123Consolidated Statement ofChanges in Equity124Consolidated Statement ofCash Flows127Notes to Financial Statements240Financial Summary CORPORATE INFORMATION BOARD OF DIRECTORSNon-executive DirectorMr. Zeng Junkai (Chairman) Executive DirectorMs. Zeng Zixi Independent Non-executive Directors Ms. Wang FenMr. Li XiaohangMr. Zhao Xianbo AUDIT COMMITTEE Mr. Zhao Xianbo (Chairman)Mr. Zeng JunkaiMs. Wang FenMr. Li Xiaohang NOMINATION COMMITTEE Mr. Zeng Junkai (Chairman)Ms. Wang FenMr. Li XiaohangMr. Zhao Xianbo REMUNERATION COMMITTEE Ms. Wang Fen (Chairman)Ms. Zeng ZixiMr. Li XiaohangMr. Zhao Xianbo AUDITOR 97927 Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor27/F One Taikoo Place979 King’s RoadQuarry BayHong Kong LEGAL ADVISERS As to Hong Kong law: 122 Paul Hastings22/F, Bank of China Tower1 Garden RoadHong Kong As to Cayman Islands law: Walkers (Hong Kong)1815 Walkers (Hong Kong)15/F, Alexandra House18 Chater RoadCentralHong Kong CAYMAN ISLANDS PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Walkers Corporate Limited190 Elgin AvenueGeorge TownGrand Cayman KY1–9008Cayman Islands Walkers Corporate Limited190 Elgin AvenueGeorge TownGrand Cayman KY1–9008Cayman Islands CORPORATE INFORMATION HONG KONG BRANCH SHARE REGISTRAR 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong REGISTERED OFFICE Walkers Corporate Limited190 Elgin AvenueGeorge TownGrand Cayman KY1–9008Cayman Islands Walkers Corporate Limited190 Elgin AvenueGeorge TownGrand Cayman KY1–9008Cayman Islands PRINCIPAL PLACE OF BUSINESS AND HEAD OFFICE INTHE PRC 925 25th FloorHong Yang BuildingNo. 9 Daqiao North RoadNanjingJiangsu ProvinceThe PRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 262612 Room 2612, 26th FloorChina Merchants TowerShun Tak CentreSheung WanHong Kong JOINT COMPANY SECRETARIES Mr. Li YonggangMs. Yung Mei Yee AUTHORIZED REPRESENTATIVES Mr. Zeng JunkaiMs. Yung Mei Yee PRINCIPAL BANKS 48 Agricultural Bank of China LimitedNanjing Qiaobei BranchNo. 48 Daqiao North RoadPukou District, NanjingThe PRC 48 Industrial and Commercial Bank of China LimitedNanjing Qiaobei BranchNo. 48 Daqiao North RoadPukou District, NanjingThe PRC www.rsunservice.hk WEBSITEwww.rsunservice.hk 1971 STOCK CODEHKEX: 1971 CHAIRMAN’SSTATEMENT CHAIRMAN’S STATEMENT Dear shareholders, 20231231 On behalf of the board (the “Board”) of directors (the “Directors”) ofRedsun Services Group Limited (the “Company”) and its subsidiaries(collectively, the “Group”), I am pleased to present to you the annualresults of the Group for the year ended 31 December 2023 (the“Reporting Period”). 2023 In 2023, the property management industry returned to rationaldevelopment and achieved growth in overall scale. Enterprises activelyparticipated in businesses such as comprehensive urban and ruralenvironmental services and new energy infrastructure maintenance.While meeting market demand, they will continue to expand theirbusiness scope, enrich their business chains, and further enhance theirservices and competitiveness. The service content, service standardizationand service quality have been increasingly emphasized. 2023 In 2023, the property management industry ushered in a series offavorable policies. Property management have been integrated intograss-roots governance, community pension, old community renovationand smart property construction. From the central government tolocal governments, a series of new policies and measures have beenlaunched, which has promoted the healthy and rapid development ofthe property management industry. However, the upstream real estateindustry continued to be under pressure, the competition in the stockmarket has become increasingly fierce, and the growth rate of the overallmanagement scale has declined. 2023