兴业物联中期报告 2025

(incorporated in the Cayman Islands with limited liability)Stock Code9916 CONTENTS Page Corporate Information2 Management Discussion and Analysis4 Other Information18 Interim Condensed Consolidated Statement of Profit or Loss and OtherComprehensive Income26 Interim Condensed Consolidated Statement of Financial Position28 Interim Condensed Consolidated Statement of Changes in Equity30 Interim Condensed Consolidated Statement of Cash Flows32 Notes to Interim Condensed Consolidated Financial Information34 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 Xu Chun(Chairman)(appointed with effect from 27 June 2025)Feng ZhidongQiu Ming(appointed with effect from 27 June 2025)Zhou Sheng(Chairman)(resigned with effect from 27 June 2025) NOMINATION COMMITTEE Zhou Sheng(Chairman)(appointed with effect from 27 June 2025)Xu ChunZhang Huiqi(appointed with effect from 27 June 2025)Qiu Ming(Chairman)(resigned with effect from 27 June 2025) AUTHORISED REPRESENTATIVESEric Jackson ChangQiu Ming COMPANY SECRETARYEric Jackson Chang AUDITORForvis Mazars 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 * STOCK CODEStock Exchange: 9916 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. During the six months ended 30 June 2025 (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 11.0 million sq.m. as at 31 December 2024 to approximately 11.5million sq.m. as at 30 June 2025. As at 30 June 2025, our portfolio of contractedproperties covered GFA of approximately 15.8 million sq.m. in aggregate. 11.011.515.8 2016.952.8 During the Period, we have entered into 20 new property engineering contractswith an aggregated contract amount of approximately RMB16.9 million. As at30 June 2025, the total contract sum for contracted engineering services withremaining performance obligations amounted to contract sum for RMB52.8million, which will contribute to our Group’s revenue in the future. 14,923.1144,655.14 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 2025, 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 Zensun