升辉清洁2024中期报告

CONTENTS Unaudited Condensed Consolidated Statement of Financial Position14 Unaudited Condensed Consolidated Statements of Changes in Equity16 Unaudited Condensed Consolidated Statements of Cash Flows17 Notes to the Condensed Consolidated Interim Financial Statements18 CORPORATE INFORMATION EXECUTIVE DIRECTORS Mr. Li Chenghua(Chairman and Chief Executive Officer)Mr. Chen Liming INDEPENDENT NON-EXECUTIVEDIRECTORS MH Ms. Cheung Bo ManMs. Yau Yin HungDr. Wang Hui(appointed with effect from 26 July 2024)Ms. Chong Sze Pui Joanne, MH(resigned with effect from 1 June 2024) COMPANY SECRETARY Ms. Law Kwok Wing AUTHORISED REPRESENTATIVES Mr. Li ChenghuaMs. Law Kwok Wing AUDIT COMMITTEE MH Dr. Wang Hui(Chairperson)(appointed with effect from 26 July 2024)Ms. Chong Sze Pui Joanne,MH(Chairperson)(resigned with effect from 1 June 2024)Ms. Cheung Bo ManMs. Yau Yin Hung REMUNERATION COMMITTEE Ms. Cheung Bo Man(Chairperson)Ms. Yau Yin HungDr. Wang Hui(appointed with effect from 26 July 2024)Ms. Chong Sze Pui Joanne,MH(resigned with effect from 1 June 2024) MH CORPORATE INFORMATION (continued) NOMINATION COMMITTEE MH Ms. Yau Yin Hung(Chairperson)Ms. Cheung Bo ManDr. Wang Hui(appointed with effect from 26 July 2024)Ms. Chong Sze Pui Joanne,MH(resigned with effect from 1 June 2024) INVESTMENT COMMITTEE MH Dr. Wang Hui(Chairperson)(appointed with effect from 26 July 2024)Ms. Chong Sze Pui Joanne,MH(Chairperson)(resigned with effect from 1 June 2024)Ms. Cheung Bo ManMs. Yau Yin Hung REGISTERED OFFICE Cricket SquareHutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands Cricket SquareHutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN THE PEOPLE’S REPUBLIC OFCHINA 363 3/F, Office Block36 Xinguang RoadXinzao TownPanyu DistrictGuangzhouThe People’s Republic of China PRINCIPAL PLACE OF BUSINESS IN HONGKONG 1511 11th Floor, Gloucester TowerThe Landmark15 Queen’s RoadCentral Hong Kong CORPORATE INFORMATION(continued) PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN CAYMAN ISLANDS Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands BRANCH SHARE REGISTRAR AND TRANSFEROFFICE IN HONG KONG 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKER Industrial and Commercial Bank of China Limited,Guangzhou Huanan Sub-branch www.gzshqj.com COMPANY’S WEBSITEwww.gzshqj.com 2521 STOCK CODE2521 MANAGEMENT DISCUSSION ANDANALYSIS BUSINESS REVIEW 325.810.2 The Group is a cleaning and maintenance service provider inthe Guangdong province of PRC. For the six months ended 30June 2024, the total revenue of the Group was approximatelyRMB325.8 million, while profit for the six month ended wasapproximately RMB10.2 million. 32.047.215.8%9.8% We generated gross profit of approximately RMB32.0 millionfor the six months ended 30 June 2024 as compared toapproximately RMB47.2 million for the six months ended 30June 2023. The Group’s gross profit margins decreased from15.8% for the six months ended 30 June 2023 to 9.8% for thesix months ended 30 June 2024. The decrease is mainly due tothe increase in employee benefit expenses. OUTLOOK Since our Group’s establishment in 2000 and foothold inGuangzhou, we have built a strong position in Guangdongprovince. In view of the PRC’s continuous growth in theeconomy and urbanisation, as well as the expected increase inthe number of new properties, apart from growing the businessthrough organic growth initiatives, we plan to leverage on ourextensive experience in cleaning and maintenance services andexpand our presence in both existing and new markets. Weintend to replicate our model to other regions in the PRC witha strong demand for property cleaning services. Our Groupalso explore and pursue opportunities to expand the customerbase and bolster the geographic presence in other provincesby potential acquisition and/or investment in cleaning andmaintenance service provider(s) in the Greater Bay Area toenable us to expand the geographic reach and tender forcleaning services provision in major infrastructures to becompleted in the near future. MANAGEMENT DISCUSSION ANDANALYSIS FINANCIAL REVIEW Revenue For the six months ended 30 June 2024, we derived ourrevenue primarily from (i) property cleaning services for varioustype of commercial building, residential building, transportationhub, shopping mall, public utilities and industrial park; and(ii) public space cleaning services primarily for road sweepingand cityscape cleaning. We recorded revenue of approximatelyRMB325.8 million for the six months ended 30 June 2024,respectively. For the six months ended 30 June 2024, ourrevenue mainly generated from property cleaning services andpublic space cleaning services, accounted for 96.0% and