万物云2025年度报告

（於中華人民共和國註冊成立的股份有限公司）(A joint stock company incorporated in the People’s Republic of China with limited liability) Stock Code|股份代號：2602 目錄CONTENTS 2Corporate Milestones8Annual Honours11Letter to Shareholders15Definitions19Corporate Information23Financial Summary24Management Discussion and Analysis54Directors and Senior Management68Report of the Board of Directors122Corporate Governance Report159Independent Auditor’s Report169Consolidated Statement of Profit or Loss170Consolidated Statement of ComprehensiveIncome171Consolidated Statement of Financial Position173Consolidated Statement of Changes in Equity175Consolidated Statement of Cash Flows178Notes to the Consolidated FinancialStatements January 20252025 年 1 月 January 25: Vanke Service partnered with SF Intra-city to upgrade the access solution for delivery riders.125 April 16: Vanke Service further upgraded the access solution for delivery rider in collaboration with JDExpress and JD Takeaway. With this, second-level access to Vanke Service’s residential communities nowcovers all major delivery rider groups. 416 February 20252025 年 2 月 February 17: Onewo launched its proprietary large model development platform, the “GC Platform”,marking the formal establishment of its enterprise-grade AI platform system and enabling large-scale,high-frequency calls.217GCAI April 20252025 年 4 月 April25:Vanke Service,together with CRIC Property Management and the Shenzhen PropertyManagement Association, released the industry’s first Research Report on Innovation and Practice ofSmart Communities, setting a new benchmark for the property management industry.425 May 20252025 年 5 月 May 8: The China’s first energy audit standard, co-authored by Cushman & Wakefield Vanke Service,was officially implemented. This standard fills a critical gap in the field of building energy conservation,marking a new stage of scientific and standardized building energy management.58 May 29: Centralcon Property Management was officially consolidated into financial statements of VankeService, further increasing the density of the Onewo Town. The “Centralcon Property Management”brand is retained and operates as a “Member Enterprise of Vanke Service”.529 June 20252025 年 6 月 June 3: Vanke Service officially open-sourced 508 service standards and its flexible pricing system to theentire industry. 63508 June13:At the 2025 Release Conference of Comprehensive Strength Research Results of ChinaPropertyManagement Service Enterprises,Vanke Service unveiled its vision for the “Flexible PricingSystem”:to empower property management companies and owners to jointly discuss standardsthrough open sharing, creating a common industry language and co-building new service standards.As of December 23, 2025, Vanke Service had acquired 51 projects via this model, generating RMB165million in new contract value and completing contract renewals for 22 existing projects. Notably, theQingdao Jinyu Lanwan project was selected as a replicable model in Shandong Province and receivedofficial endorsement from the Ministry of Housing and Urban-Rural Development, serving as a nationaldemonstration case. 613202520251223511.6522 July 20252025 年 7 月 July5:Approved by the Shenzhen Municipal Human Resources and Social Security Bureau,Onewoestablished the “Shenzhen Postdoctoral Innovation Practice Base”. This marks a crucial step for Onewoin perfecting its industry-academia-research ecosystem and accelerating the commercial application oftechnological achievements. 75 July 11: Onewo established the Occupational Health and Work Safety Management Committee (HSC),witha subordinate Occupational Health and Work Safety Management Office(HSO),which wasresponsible for the comprehensive establishment of a work safety management system, as well as theprevention, management, and resolution of safety incidents. 711 August 20252025 年 8 月 August 25: Onewo and Winlands Fast Charge established “Yunqi Weilan”, a joint venture for chargingpile operations. This marks Onewo’s official entry into the pan-energy sector via an equity partnership,setting an industry precedent for property management companies systematically operating communityenergy resources. 825 August25:Onewo released the Onewo Carbon Accounting Methodology and the“Carbon Pulse”Management Platform, becoming the first enterprise in its industry to publish independent technicalstandards for carbon accounting in China. 825 September 1: Onewo participated for the first time and was certified as a “Top Employer China 2026”(the first certified enterprise in the property management industry), driving the standardized upgrade ofits human resources management system. 912026 September 1: Dantian Property won the bid for the Seventh Affiliated Hospital of Sun Yat-sen University,further deepening Onewo’s business cooperation with the university. Upon completion, the hospital willdeploy “Lingshi”, making it the first flagship Lingshi project in the healthcare space.91 Septe