
(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 25 26 29 124 145 147 2024630 •2024630114,689202317,52116.2%202463010,238202311,2088.7%20246303,87120235,72932.4%20246307620236124.0%202463050320235233.9% 20246303972023398 •20246302,33320234,049202463024,08620235,925 •202463045,948202363043,0006.9%2024630344,423202363041,0768.1% •2024630458,6902023630435,8135.2%20246304411,4782023630409,054 •202463054,97020236304,800 1 2(i)(ii)(iii)(iv)(v)(vi) (i)60(ii)(iii)14 4(i)(ii)30(iii) 202420232024202434.8%17 2024 202463044,4238.1%411,4780.6% AI 2024 20244549%202347%202455% 202424.0%59.9%202431.0% 2024Home SaaSHome SaaS2.5Home SaaS 2.5BIM 20242023 2024302023121.420237,000 20245.5320233.15%2022914.67.91%202481220302025831 202463039720233982024630202317,52116.2%14,6892023630202333120246302024630 •202315616.3%2024630131202311,2088.7%202463010,238 (i)202312917.5%202463010620234,68211.9%20246304,124 (ii)20232710.5%20246302520236,5266.3%20246306,115 202317124.9%202463012920235,72932.4%20246303,871202463020234,68333.0%3,138202463020231,04629.9%733 •20234059.9%202463064abc •202321176.7%202463058 •20246301620239 20246302912023281 •202311422.1%20246308920246302023•20239413.8%202463081•20232857.5%202463044•202322143.8%202463055 •202463014202314 •2024630920239 20231179.0%2024630106202463026.8%202329.4%abcd 20237612.8%202463086 •202463041202337 •20232919.1%20246303520246302023•20246301020239 20246302020234120246305.1%202310.2%ab20232024630 2024630638202360202463079.5%202315.0%2024630EBITDA850202371 202463023202340 202463041202359 EBITDA (i)(ii)(iii)(i)(ii)(iii)(iv)(v)(vi)(i)(ii)(iii)(iv)(v)(vi)(vii)EBITDA(i)(ii)(iii)(iv)(v)(vi)(vii)(viii) 202463059720231231601 2024630 2023101820244162023112820245282024220104.512C034C036C0402024220 2024630 2024630 2024630 202463042.3%2023123140.0% 20246302.4% A 2024630556620246307.26721.005568210%75 202463023 2024630462 2024630 2024630 2024630734.4301.781.71.8 2024630 2024630122,5992024630 191232024630 2410 2024812 1. (a) 201876 2024630 1. 1. (a) (i)30%ASC 810ASC810 (ii) 1. (b) ASC 810 2024630202312312525202463020231231142.7142.7 2.1120246302023123120242023630 1. (b) 1. 2. 2.1 202311ASU 2023-07280ASU 2023-072023121520241215 202312ASU 2023-09740ASU2023-0920241215 2024630 2. 2.2 S-X1020231231202463020232024630202312312023123120231231 202422. 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 ASC 230ASC 230 12)3)4 2.9 ASC 825 2. 2.9 ASC 320 202463020231231 ASC 320 2. 2.9 ASC 326ASC 326ASC 326202463020231231 2. 2.10 202011ASC 326 ASC 326 2. 2.11 ASC 810 1)2)3) 2. 2.11 ASC 326 120242023630 2. 2.12 202463020231231 2.13 •2040•4•35•35• 2. 2.14 •310•310•35•5•610 ASC 350-30-35-3 2. 2.15 ASC350-20ASC350-20ASC 350-20ASC 350-20 2. 2.16 (i) ASC 323ASC 323 2. 2.16 (ii) iiiASC 321ASC 321 ASC 825ASC 825 2. 2.16 (iii) ASC820ASC 820 ASU 2016-01ASC 820 (iv) 2. 2.16 (v) 202463020231231 (vi) ASC 3262.9202463020231231 2. 2.17 (i) ASC 842ASC 842ASC 842 (ii) 104447201911 ASC 842 2. 2.17 (ii) 12ASC 842 2. 2.17 (iii) 2.18 12 2.19 2. 2.20 10%50% 10%50% 20242023630 2. 2.21 ASC842ASC606ASC606 2. 2.21 (i)ACNSaaS(ii)(iii) 2. 2.21 2. 2.21 2.17(iii) 2. 2.21 20241120246303,884.2202463020231231 2. 2.21 ASC 606 202463064202463012 2.22 20242023630819.4860.1 2.23 ASC 718ASC 718 ab 2. 2.23 2020817 2.24 ASC 740 2. 2.24 50% 2024202363020242023630 2.25 ab20242023630811.7609.92024202363097 2. 2.26 2.27 2.28 2.29 2. 2.30 (i)(ii)(iii)(iv)(v) 22 2.31 2.32 20242023630481.6354.1 2. 2.33 2024202363010% 202463020231231202463015.2%13.2%11.0%10.6%10.4%201551 202463020231231379.8379.7 2. 2.33 20246302024630174.0227.4 20246302023123130.2%34.6%2024630202312317.5%8.3%20246302023123113.3%14.3%ASC 326 202463020231231486512 20246302.4% 3. (i)202420236303.2%4.4% (ii)1)2)3)4202463078.0%19.6%2.3%0.1%2023123176.2%19.1%4.5%0.2% 4. 4. 2024630 2024630 2023104030920231231154.6154.620241 6. 6. 90 7. 202463020231231 202463020231231 202011ASC 3262024202312318.3%20246307.5%2024 7. 20242023630 20246306.3% 202463047.9% 12930899017918020246302023123110.5%11.0% 7. 9. 20242023630194.5309.9 10. (a) 20242023630 10. (a) 10. 10. (b) 20242023630 11. 11. (i)(ii)(iii)ASC 825 11. (i) 1 (ii) IFM Investments LimitedIFM 201710IFM308,084,916IFM10%602017814IFM403012%IFM 2019IFM20195IFM308IFMIFM130IFM 17.5%IFMIFM438IFMIFM120.1317.9 IFMASC 321 2024630IFM 37.6%IFM52.5IFM1.03 IFM (iii) 11. 20246302023123160.786.220242023630(25.6)10.520189 20246302023123129.643.720242023630 202463020231231 20246308.03 11. 2024630162235385202520262027 2024630492024630 12. 2024630 (i)2024630 (ii)202463036.47.129.3 2024630202312316,506.26,478.81,658.41,622.0 13. 202463020231231 2024630606.01.65%3.00% 2024630451.2 14. 14. 202463020231231 16. 17. 18.