新城悦服务2025年中期报告

INTERIM REPORT中 期 報 告2025 CONTENTS 2Corporate Profile4Corporate Information7Financial Summary10Management Discussion and Analysis25Other Information35Condensed Consolidated Statement of Comprehensive Income37Condensed Consolidated Statement of Financial Position39Condensed Consolidated Statement of Changes in Equity41Condensed Consolidated Statement of Cash Flows43Notes to the Condensed Consolidated Interim Financial Information CORPORATE PROFILE 悅29201034202511APP S - EnjoySer vice Group Co.,Limited(the“Company”or“we”,together with its subsidiaries, the “Group”) is a fast-growing providerof property management services in China. We have been providingpropertymanagement services in China for more than 29 years.According to China Index Academy (the “CIA”) statistics, for years in arow, we are among the top property services enterprises of a growingnature in China. In addition, according to the list of top 100 Chineseproperty management services enterprises announced by the CIA, ourranking moved up from the 34th in 2010 to 11th in 2025. We provideextensive property management services and value-added services forproperty developers as well as residents and tenants from the projectsmanagedby us.We have also developed a one-stop informationservices platform called Orange APP. Our residents and customers canenjoy the services we provide through their mobile devices. Based onour excellent services and enhanced market reputation, we have built aproperty services brand emphasizing quality and customers. OUR BUSINESS MODEL 2025630 For the six months ended 30 June 2025 (the “Reporting Period”), ourrevenue has been primarily derived from two business lines — propertymanagementservices and value-added services.Our value-addedservices cover two business categories comprising community-relatedvalue-added services and developer-related value-added services. PROPERTY MANAGEMENT SERVICES We provide an extensive range of property management services toresidents and tenants, including property and facilities maintenance,security services, cleaning services, horticulture services, public areasrepairand maintenance and other property management relatedservices. We manage diverse property portfolios, including residentialandnon-residential properties,from office buildings,multi-purposecomplexesand factories to parks and industrial zones.During theReportingPeriod,the majority of our revenue came from providingproperty management services. CORPORATE PROFILE VALUE-ADDED SERVICES O u rv a l u e - a d d e d s e r v i ce s e n co m p a s s t w o t y p e s o f s e r v i ce s:communit y- relatedvalue -added ser vices and developer- relatedvalue-added services. •Co m m u n i t y - r e l a t e dv a l u e - a d d e d s e r v i c e s :W e p r o v i d evalue-addedservices to residents and customers,includingpublic resources management services, community engineeringservices, extensive decoration services, catering services, facilityandequipment management and various other home livingservices. •Developer-relatedvalue-added services:We provide relevantservices to developers during the property development process.We mainly provide four types of services related to propertydevelopers, namely on-site sale assistance services, consultingser vices,house inspection ser vices and smar t communityservices. CORPORATE INFORMATION 2025630 As at 30 June 2025, the Corporate Information are as follows: BOARD OF DIRECTORS 20259 30* Executive Directors Mr. Qi Xiaoming(Chairman)Ms. Wu QianqianMr. Yang Bo(removed on 30 September 2025*) ^^^ Non-executive Directors Mr. Wang Xiaosong^Mr. Lv Xiaoping^Mr. Lu Zhongming^ Independent Non-executive Directors 20255 820255 15 Ms. Zhang YanMr. Zhu WeiMr. Jiang Xuzhi(Appointed on 8 May 2025)Mr. Xu Xinmin(Resigned on 15 May 2025) JOINT COMPANY SECRETARIES Mr. Chen PengMs. Ng Sau Mei AUDIT COMMITTEE ^ Ms. Zhang Yan(Chairperson)Mr. Lu Zhongming^Mr. Zhu Wei REMUNERATION COMMITTEE 20255 1520255 15 Mr. Zhu Wei(Chairman)Mr. Jiang Xuzhi(Appointed on 15 May 2025)Mr. Qi XiaomingMr. Xu Xinmin(Resigned on 15 May 2025) NOMINATION COMMITTEE 20255 15^20255 15 Mr. Jiang Xuzhi(Chairman) (Appointed on 15 May 2025)Ms. Zhang YanMr. Lv Xiaoping^Mr. Xu Xinmin(Former Chairman) (Resigned on 15 May 2025) *2025930—— (c)*Mr. Yang was removed as an executive Director and the chief operating officer of the Company with effect from 30 September 2025. For details,please refer to “Management Discussion and Analysis-Events after the Reporting Period — (c) Changes in Directors”.^202510 27—— (c)^Mr. Wang, Mr. Lv and Mr. Lu all resigned as non-executive Directors and ceased to be a member of their respective Board committees with effectfrom 27 October 2025 in light of the proposals of the Nomination Committee and for the benefit of the Company and the Shareholders as a whole.For details, please refer to “Management Discussion and Analysis — Events after the Reporting Period — (c) Changes in Directors”. CORPORATE INFO