弘阳服务集团有限公司2025年年报

Stock Code1971 ABOUT US關於我們 Established in Nanjing in 2003, the Group is a well-recognized comprehensive community service provider in Jiangsu province,China, with region-leading and balanced property management abilities in the management of residential and commercialproperties. Through our continued development over the years, we have established our regional leading position in theproperty management market of Jiangsu province and are well-recognized nationwide as we kept expanding our business inthe rest of the country. With a vision of “making lives warmer”, the Group has been pursuing the service philosophy of “providecustomers with high-quality services with sincerity”, and has developed the “Property Service + Life Service” model to serveproperty owners and customers. 2003+ CONTENTS目錄 115Independent Auditor’s Report123Consolidated Statement ofProfit or Loss and OtherComprehensive Income125Consolidated Statement ofFinancial Position127Consolidated Statement ofChanges in Equity128Consolidated Statement ofCash Flows131Notes to the Consolidated FinancialStatements244Financial Summary 004Corporate Information009Chairman’s Statement017Management Discussion and Analysis043Directors and Senior Management051Directors’ Report087Corporate Governance Report CORPORATE INFORMATION公 司 資 料 BOARD OF DIRECTORS Non-executive DirectorMr. Zeng Junkai (Chairman, resigned on 14 January 2026) 2026114 Executive Directors 2026114 Mr. Jia Hongbo (Chairman, appointed on 14 January 2026)Mr. Chen Yichun Independent Non-executive Directors Ms. Wang FenMr. Li XiaohangMr. Zhao Xianbo AUDIT COMMITTEE 2026114 Mr. Zhao Xianbo (Chairman)Mr. Zeng Junkai (resigned on 14 January 2026)Ms. Wang FenMr. Li Xiaohang NOMINATION COMMITTEE 20261142026114 Mr. Jia Hongbo (Chairman, appointed on 14 January 2026)Mr. Zeng Junkai (Chairman, resigned on 14 January 2026)Ms. Wang FenMr. Li XiaohangMr. Zhao Xianbo REMUNERATION COMMITTEE Ms. Wang Fen (Chairman)Mr. Chen YichunMr. Li XiaohangMr. Zhao Xianbo AUDITOR 51215 1510-1517 CCTH CPA LimitedUnit 1510-1517, 15/F., Tower 2Kowloon Commerce CentreNo. 51 Kwai Cheong RoadKwai Chung, New TerritoriesHong Kong LEGAL ADVISERS As to Hong Kong law:Paul Hastings (Hong Kong) LLP22/F, Bank of China Tower1 Garden RoadHong Kong 122 As to Cayman Islands law: Walkers (Hong Kong)1815 Walkers (Hong Kong)15/F, Alexandra House18 Chater RoadCentralHong Kong CAYMAN ISLANDS PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Walkers Corporate Limited190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands Walkers Corporate Limited190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands CORPORATE INFORMATION HONG KONG BRANCH SHARE REGISTRAR 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong REGISTERED OFFICE Walkers Corporate Limited190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands Walkers Corporate Limited190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands PRINCIPAL PLACE OF BUSINESS AND HEAD OFFICE INTHE PRC 925 25th FloorHong Yang BuildingNo. 9 Daqiao North RoadNanjingJiangsu ProvinceThe PRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 262612 Room 2612, 26th FloorChina Merchants TowerShun Tak CentreSheung WanHong Kong JOINT COMPANY SECRETARIES Mr. Jia HongboMs. Chan Charmayne AUTHORIZED REPRESENTATIVES 2026114 Mr. Jia HongboMr. Zeng Junkai (resigned on 14 January 2026)Ms. Chan Charmayne PRINCIPAL BANKS 48 Agricultural Bank of China LimitedNanjing Qiaobei BranchNo. 48 Daqiao North RoadPukou District, NanjingThe PRC 48 Industrial and Commercial Bank of China LimitedNanjing Qiaobei BranchNo. 48 Daqiao North RoadPukou District, NanjingThe PRC www.rsunservice.hk WEBSITEwww.rsunservice.hk 1971 STOCK CODEHKEX: 1971 CHAIRMAN’SSTATEMENT主 席 報 告 弘 陽 服 務 物 業 管 理 服 務Redsun ServicesProperty management services CHAIRMAN’S STATEMENT Dear shareholders, 20251231 On behalf of the board of directors, I hereby present to you the annualresults of the Group for the year ended 31 December 2025. 2025 In 2025, against the backdrop of an overall slowdown in industrygrowth, with clear strategic guidance and solid execution capability,the Group achieved continuous optimization of its revenue structureand maintained profitability at industry-leading levels, demonstratingstrong development resilience and core competitiveness. Facing newopportunities and challenges in industry development, the Group hasalways adhered to the core development philosophy of “customer-centered and quality-based”, led high-quality development throughstrategic upgrades, and achieved simultaneous improvement inoperating structure and development quality. IDEEP CULTIVATION IN CORE MARKETS ANDSCALE OPTIMIZATION The Group remained focused on deep cultivation of the existingmarket in core regions, taking service transparency and qualityupgrading as key drivers, continuously consolidating customer