升辉清洁2025中期报告

202520252025Interim ReportInterim ReportInterim Report中 期 報 告中 期 報 告中 期 報 告2025Interim Report中 期 報 告 CONTENTS Corporate Information2 Management Discussion and Analysis5 Unaudited Condensed Consolidated Statement of Comprehensive Income15 Unaudited Condensed Consolidated Statement of Financial Position16 Unaudited Condensed Consolidated Statements of Changes in Equity18 Unaudited Condensed Consolidated Statements of Cash Flows19 Notes to the Condensed Consolidated Interim Financial Statements20 Other Information40 CORPORATE INFORMATION EXECUTIVE DIRECTORS Mr. Li Chenghua(Co-chairman and Chief Executive Officer)Mr. Wei Dongjin(Co-chairman)Mr. Chen Liming INDEPENDENT NON-EXECUTIVEDIRECTORS Ms. Cheung Bo ManMs. Yau Yin HungDr. Wang Hui COMPANY SECRETARYMr. Lau Kai San AUTHORISED REPRESENTATIVESMr. Li ChenghuaMr. Lau Kai San AUDIT COMMITTEE Dr. Wang Hui(Chairperson)Ms. Cheung Bo ManMs. Yau Yin Hung REMUNERATION COMMITTEE Ms. Cheung Bo Man(Chairperson)Ms. Yau Yin HungDr. Wang Hui CORPORATE INFORMATION(continued) NOMINATION COMMITTEE Ms. Yau Yin Hung(Chairperson)Ms. Cheung Bo ManDr. Wang Hui INVESTMENT COMMITTEE Dr. Wang Hui(Chairperson)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 3815 15th Floor, YF Life CentreNo. 38 Gloucester RoadWanchaiHong 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 BANKERIndustrial 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 3 5 8 . 87.9 The Group is a cleaning and maintenance service provider inthe Guangdong province of PRC. For the six months ended 30June 2025, the total revenue of the Group was approximatelyRMB358.8 million, while profit for the six months ended wasapproximately RMB7.9 million. 60.232.09.8%16.8% We generated gross profit of approximately RMB60.2 millionfor the six months ended 30 June 2025 as compared toapproximately RMB32.0 million for the six months ended 30June 2024. The Group’s gross profit margins increased from9.8% for the six months ended 30 June 2024 to 16.8% for thesix months ended 30 June 2025. The increase is mainly due tothe increase in revenue. 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(continued) FINANCIAL REVIEW Revenue For the six months ended 30 June 2025, 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 approximatelyRMB358.8 million for the six months ended 30 June 2025.For the six months ended 30 June 2025, our revenue mainlygenerated from property cleaning services and public spacecleaning services, accounted for 95.8% and 4.2%, respectively,of our total revenue. (i)(ii)358.895.8%4.2% 325.8358.810.1% We recorded an increase in revenue from approximatelyRMB325.8 million for the six months ended 30 June 2024 toapproximately RMB358.8 million for the six months ended 30June 2025, representing an increase of approximately 10.1%.The increase in revenue wa