滨江服务集团有限公司2025年度报告

(Incorporated in the Cayman Islands with limited liability)Stock Code : 3316.HK ANNUAL REPORT2025 CONTENTS 2Corporate Information5Financial Summary7Chairman’s Statement14Management Discussion and Analysis40Directors and Senior Management52Directors’ Report81Corporate Governance Report115Environmental, Social and Governance Report221Independent Auditor’s Report233Consolidated Statement of Profit or Loss andOther Comprehensive Income235Consolidated Statement of Financial Position237Consolidated Statement of Changes in Equity239Consolidated Cash Flow Statement241Notes to the Consolidated Financial Statements CORPORATE INFORMATION BOARD OF DIRECTORSExecutive Directors Mr. YU Zhongxiang(Chairman of the Board and Chief Executive Officer)Mr. QI JiaqiMs. ZHONG Ruoqin Non-executive DirectorsMr. MO JianhuaMr. CAI Xin Independent Non-executive DirectorsMr. DING JiangangMr. LI KunjunMs. CAI Haijing AUDIT COMMITTEEMs. CAI Haijing(Chairman)Mr. DING JiangangMr. LI Kunjun REMUNERATION COMMITTEE Mr. DING Jiangang(Chairman)Mr. MO JianhuaMs. CAI Haijing NOMINATION COMMITTEE Mr. YU Zhongxiang(Chairman)Mr. DING JiangangMr. LI KunjunMs. CAI Haijing ESG AND STRATEGY COMMITTEE ESG Mr. MO Jianhua(Chairman)Mr. YU ZhongxiangMr. QI JiaqiMs. ZHONG RuoqinMr. CAI XinMr. DING JiangangMr. LI Kunjun JOINT COMPANY SECRETARIESMs. ZHONG RuoqinMs. AU Wai Ching AUTHORIZED REPRESENTATIVESMs. ZHONG RuoqinMs. AU Wai Ching LEGAL ADVISOR 15323203–3207 Jingtian & Gongcheng LLPSuites 3203–3207 32/FEdinburgh TowerThe Landmark15 Queen’s Road CentralHong Kong AUDITOR KPMGPublic Interest Entity Auditor registeredin accordance with the Accounting andFinancial Reporting Council Ordinance8th Floor, Prince’s Building10 Chater RoadCentralHong Kong 108 REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HEAD OFFICE IN THE PRC 11201–1 Room 1201–1, Block 1New Town Times SquareShangcheng DistrictHangzhou, China PRINCIPAL PLACE OF BUSINESSIN HONG KONG 93–1035507 Room 507, 5/F, OfficePlus@Sheung Wan93–103 Wing Lok StreetSheung Wan, Hong Kong CORPORATE INFORMATION PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HONG KONG BRANCH SHARE REGISTRAR 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–171617th Floor, Hopewell Centre183 Queen’s Road EastWanchai, Hong Kong PRINCIPAL BANKS China Construction Bank CorporationAgricultural Bank of China Limited COMPANY’S WEBSITEwww.hzbjwy.com www.hzbjwy.com STOCK CODE3316 3316 LISTING DATE15 March 2019 2019315 FINANCIAL SUMMARY 202120222023202420251231 Thefollowing is a summary of the results and assetsandliabilities of Binjiang Service Group Co.Ltd.(the“Company” or “Binjiang Service”) and its subsidiaries(collectively, the “Group”) for each of the years ended31 December 2021, 2022, 2023, 2024 and 2025. Notes: (1)Grossprofit margin is calculated as gross profit divided byrevenue.(2)Net profit margin is calculated as profit for the year divided byrevenue. FINANCIAL SUMMARY CHAIRMAN’S STATEMENT To all Shareholders, 202512 31 Thank you for your trust and support to the Group. Onbehalf of the Board, I am pleased to present the annualresults of the Group for the year ended 31 December2025. 20252025 Since2025,agains t the backdro p of the centralg o v e r n m e n t ’sd e e p e n e d c i t y - s p e c i f i c r e g u l a t o r ymeasures,widening divergence among city tiers,andshrinking market risk appetite, the real estate industryhasentered an extended bottoming-out period.Inthelong run,“desirable cities+quality housing+premium services” constitute the core elements alignedwiththe new trends in real estate development,wherehigh-quality property services and well-builthousingcomplement each other.In 2025,centeringon its strategic positioning of “Focusing on Hangzhou,cultivating the Yangtze River Delta and radiating to thewholecountry”and its development requirements of“improving service quality, strengthening brand influence,enhancingrefined management,and achieving qualityexpansion”, the Group seized opportunities arising fromthe economic resilience of core cities such as Hangzhou,consolidatedits foundation with quality services,anddrove growth through innovative operations. CHAIRMAN’S STATEMENT BUILDING A SOLID FOUNDATION THROUGHQUALITY AND STRENGTHENING SERVICES 2025--- Asthe Group’s core competitiveness,service qualityisparticularly critical to be continuously enhancedamidthe fiercely competitive property managementmarket. In 2025, the Group further improved its servicesupervisionand feedback system centered on quality,safetyand satisfaction.By optimizing the three-levelsuper visionmechanism,a closed-loop ma