德信服务集团2024年报

2024ANNUAL REPORT CONTENTS Corporate Information2 Awards and Honours5 Financial Highlights6 Chairman’s Statement7 Management Discussion and Analysis11 Biographical Details of Directors andSenior Management27 Directors’ Report38 Corporate Governance Report79 Independent Auditor’s Report101 Consolidated Statement of Profit or Loss andOther Comprehensive Income107 Consolidated Statement of Financial Position108 Consolidated Statement of Changes in Equity109 Consolidated Statement of Cash Flows110 Notes to the Consolidated Financial Statements112 Financial Summary176 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Hu Yiping(Chairman)Mr. Tang JunjieMs. Zheng Peng Independent Non-executive Directors Mr. Rui MengMr. Yang XiDr. Wong Wing Kuen Albert AUDIT COMMITTEE Mr. Rui Meng(Chairman)Dr. Wong Wing Kuen AlbertMr. Yang Xi REMUNERATION COMMITTEE Dr. Wong Wing Kuen Albert(Chairman)Mr. Tang JunjieMr. Rui Meng NOMINATION COMMITTEE Mr. Hu Yiping(Chairman)Dr. Wong Wing Kuen AlbertMr. Rui Meng AUTHORISED REPRESENTATIVES Mr. Tang JunjieMs. Lin Sio Ngo COMPANY SECRETARY Ms. Lin Sio Ngo REGISTERED OFFICE Cricket SquareHutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands Cricket SquareHutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands HEADQUARTERS IN THE PRC Room 488, Building 2No. 2008–2010, Jinchang RoadLiangzhu StreetHangzhouZhejiang ProvincePRC 2008–20102488 PRINCIPAL PLACE OF BUSINESS INHONG KONG 40th FloorDah Sing Financial CentreNo. 248 Queen’s Road EastWanchaiHong Kong CAYMAN ISLANDS PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands HONG KONG SHARE REGISTRAR Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong 183 171712–1716 Corporate Information LEGAL ADVISERS As to Hong Kong law: Fangda Partners26/F, One Exchange Square8 Connaught PlaceCentral, Hong Kong 826 As to Cayman Islands law: 829Conyers Dill & Pearman29th FloorOne Exchange Square8 Connaught PlaceCentralHong Kong AUDITOR Zhonghui Anda CPA LimitedCertified Public Accountants and Registered PublicInterest Entity Auditor23/F, Tower 2, Enterprise Square Five, 38 Wang Chiu RoadKowloon BayHong Kong 3823 PRINCIPAL BANK Bank of Communications Co., Ltd.Industrial and Commercial Bank of China Limited STOCK CODE 2215 2215 COMPANY’S WEBSITE www.dexinfuwu.comwww.dexinfuwu.com DATE OF LISTING 2021715 15 July 2021 Awards and Honours 2024 Top 100 Property Service Enterpriseswith High-Quality Service Capability in China2024 2024 TOP10 China Companiesin IFM-Facility Management2024IFMTOP10 2024 Top 30 Competitors ofProperty Management Companies in Eastern China202430 2024 TOP10 Commercial PropertyService Companies in China2024TOP10 2024 China Excellent Property ServicesEnterprise in Major Cities2024 2024 TOP 100 Property Management Companiesin China in terms of Comprehensive Strength2024 2024 Top 100 Property ManagementCompanies in China2024 Financial Highlights On behalf of the Board, I hereby present the results of the Group forthetwelvemonthsended31December2024(the“ReportingPeriod”). Affected by a multitude of factors such as the adjustment in the realestateindustry,thepropertyserviceindustryiscurrentlyundergoingprofound turbulence. Despite numerous challenges, looking back, thejourneyremainsremarkable.In2024,DexinServicesGrouptook“stableoperation”asitsstrategicanchorandbravedtheheadwindtowards the transformation of “deep value cultivation”. SEEKING STABLE PROGRESS WITH FOCUS ONHIGH-QUALITY DEVELOPMENT The Group adhered to strategic development determination and, in linewithitsoperationaldirectionsetatthebeginningoftheyear,hadadvanced structural adjustment to its managed projects in an orderlymanner, and proactively withdrew from some low-efficiency operationalprojects. Amid a complex and ever-changing external environment, theGroup continued to optimize its operational quality and sustained thelayout of business gross profit margin above the industry average. TheGroup’s strong operational resilience has been widely recognized, andwas accoladed the title of “TOP 100 Property Management CompaniesinChina”for11thconsecutiveyear,havingmoveduptothe20thplace.TheGrouphadalwayscommittedtoindependentmarketexpansion and maintained the overall stability in its management scale.DuringtheReportingPeriod,theGrouptookoverhigh-qualitysecond-hand residential projects such as Hangzhou Qunxian Mansion,formingasuccessfulexperienceofestablishingreputationthroughbenchmark projects and inventory expansion through deep cultivation.In the non-residential sector that it focused on, the Group created acityservicestandardfeaturing“spaceoperation+industrialempowerment” at Quzhou CBD Science and Educat