兴业物联中期报告 2024

(incorporated in the Cayman Islands with limited liability)Stock Code: 9916 CONTENTS Corporate Information2-3 Management Discussion and Analysis4-16 Interim Condensed Consolidated Statement of Financial Position27-28 Interim Condensed Consolidated Statement of Changes in Equity29-30 Interim Condensed Consolidated Statement of Cash Flows31-32 CORPORATE INFORMATION BOARD OF DIRECTORSExecutive DirectorQiu Ming Non-executive DirectorsZhang HuiqiWang JinhuLiu Zhenqiang Independent non-executive DirectorsXu ChunFeng ZhidongZhou Sheng AUDIT COMMITTEEFeng Zhidong(Chairman)Zhou ShengXu Chun REMUNERATION COMMITTEE Zhou Sheng(Chairman)Feng ZhidongXu Chun NOMINATION COMMITTEE Qiu Ming(Chairman)Zhou ShengXu Chun AUTHORISED REPRESENTATIVESEric Jackson ChangQiu Ming COMPANY SECRETARYEric Jackson Chang AUDITORMazars CPA LimitedCertified Public Accountant and Registered PIE Auditor SOLICITORHowse Williams 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. 8.525.5 During the six months ended 30 June 2024 (the “Period”), the Group continuedits business strategies to diversify its portfolio of pipeline properties in bothnon-residential properties and 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 8.5 million sq.m. as at 31 December 2023 to approximately 25.5million sq.m. as at 30 June 2024. 37.02818.728.0 As at 30 June 2024, our portfolio of contracted properties covered GFA ofapproximately 37.0 million sq.m. in aggregate. During the Period, we have enteredinto 28 new property engineering contracts with an aggregated contract amountof approximately RMB18.7 million. As at 30 June 2024, the total contract sum forcontracted engineering services with remaining performance obligations amountedto contract sum for RMB28.0 million, which will contribute to our Group’srevenue in the future. In line with the strategic review of the Company’s business and seeing theopportunity in the property construction industry in the PRC, in 2023, the Groupacquired Zheng Zhi Yue Real Estate Co., Ltd.* ()(“Zheng Zhi Yue”), in order to develop its property development business.As at 30 June 2024, the Group (through Zheng Zhi Yue) held a property underdevelopment, namely the Zhengzhou Zensun Centre Project located in EastRuyi Road West and South Ruyi River West 1st Street, Zhengzhou City, HenanProvince, the PRC, with a total site area of approximately 14,923.11 sq.m. andGFA of approximately 44,655.14 sq.m. The Zhengzhou Zensun Centre Projectis at the construction stage and involves the development of a hotel and saleablecommercial units. As at the date of this interim report, the Zhengzhou ZensunCentre Project has completed the preliminary construction stage of work and iscurrently under the main construction work. The construction of the ZhengzhouZensun Centre Project is expected to be completed by the end of 2025. 14,923.1144,655.14 FINANCIAL REVIEW Revenue (i)(ii) Our Group’s revenue was primarily generated from (i) property management andvalue-added services; and (ii) property engineering services. For the Period, our Group’s total revenue was approximately