香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任何損失承擔任何責任。 Fineland Living Services Group Limited 方 圓 生 活 服 務 集 團 有 限 公 司 （前稱Fineland Real Estate Services Group Limited 方圓房地產服務集團有限公司） （於開曼群島註冊成立之有限公司） （股份代號：9978） 2022年 年 度 業 績 公 告 方 圓 生 活 服 務 集 團 有 限 公 司（「本 公 司」）董 事（「董 事」）會（「董 事 會」）欣 然 宣 佈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至2022年12月31日 止 年 度 之 經 審 核 綜 合 財 務 業 績。本 公 告 列 載 本 集 團2022年 年 度 報 告 全 文，乃 符 合 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）證 券 上 市 規 則 中 有 關 年 度 業 績 初 步公告附載的資 ...

Financial Performance - For the six months ended June 30, 2022, the group recorded revenue of approximately RMB 277.8 million, an increase of 5.4% compared to RMB 264.4 million for the same period in 2021[10] - The profit attributable to owners of the company for the same period was approximately RMB 9.8 million, a decrease of 11.7% from RMB 11.1 million in the prior year[10] - Gross profit for the period was RMB 62.1 million, representing a gross margin of 22.4%, compared to RMB 53.9 million and a gross margin of 20.4% in the prior year[13] - The total comprehensive income for the period was RMB 15,646 thousand, which includes a profit of RMB 9,755 thousand attributable to owners of the company[16] - The company reported a profit before tax of RMB 17,800,000 for the six months ended June 30, 2022, compared to RMB 23,996,000 in the same period of 2021[34] - Earnings attributable to owners of the company for the six months ended June 30, 2022, were RMB 9,755,000, down from RMB 11,090,000 in the previous year[46] - The adjusted profit before tax was RMB 17,787 thousand after accounting for fair value losses on contingent consideration and unallocated corporate expenses[32] Revenue Breakdown - For the six months ended June 30, 2022, the total revenue was RMB 277,785 thousand, with RMB 77,282 thousand from real estate agency services and RMB 200,503 thousand from property management services[32] - Real estate agency service revenue decreased to RMB 77,282,000, down 43% from RMB 135,635,000 in the prior year[40] - Property management service revenue increased significantly to RMB 148,356,000, up 73% from RMB 85,547,000 in the previous year[40] - Revenue from the integrated real estate agency services segment was approximately RMB 77.3 million, a decrease of 43.0% from RMB 135.6 million in the same period of 2021, attributed to market conditions[88] - Revenue from the professional property management services segment was approximately RMB 200.5 million, an increase of 55.7% from RMB 128.7 million in the same period of 2021[89] - Non-owner value-added services revenue was approximately RMB 24.1 million, up 23.3% from RMB 19.6 million year-on-year[96] - Community value-added services generated revenue of about RMB 25.6 million, reflecting an increase of approximately 8.3% from RMB 23.6 million in the previous year[97] Assets and Liabilities - Total assets as of June 30, 2022, amounted to RMB 676.0 million, an increase from RMB 623.5 million as of December 31, 2021[14] - The company's net current assets increased to RMB 155.8 million from RMB 143.0 million at the end of the previous year, indicating improved liquidity[14] - As of June 30, 2022, the company's current liabilities amounted to RMB 489,000, while non-current liabilities were RMB 1,071,000, totaling RMB 1,560,000, a decrease from RMB 3,988,000 in the previous year[50] - The total equity attributable to owners of the company rose to RMB 166.9 million from RMB 158.8 million, reflecting a solid capital base[14] - The total equity increased to RMB 226,261 thousand as of June 30, 2022, from RMB 205,050 thousand at the beginning of the year[16] - The debt-to-capital ratio was 59% as of June 30, 2022, compared to 55% at the end of 2021[111] Cash Flow - The net cash used in operating activities was RMB (37,599) thousand, an improvement from RMB (70,245) thousand in the same period last year[17] - The net cash generated from financing activities was RMB 38,142 thousand, compared to RMB (6,813) thousand in the previous year, indicating a positive shift in financing[17] - The company reported a decrease in cash and cash equivalents by RMB 16,079 thousand, ending the period with RMB 74,301 thousand[17] - The company’s cash flow from investment activities was RMB (16,622) thousand, a significant decrease from RMB 35,156 thousand generated in the previous year[17] Acquisitions and Investments - The company acquired non-controlling interests amounting to RMB 65 thousand during the period[16] - The acquisition of Guangdong Yikang Property Service Co., Ltd. for 60% equity was completed for a cash consideration of RMB 17,199,000, with a contingent consideration of up to RMB 5,793,000 based on profit targets[75] - The acquisition of Jun Cheng Fang Yuan Property Service Co., Ltd. for 51% equity was completed for a cash consideration of RMB 5,100,000[76] - The identifiable net assets of Yikang and Jun Cheng at acquisition were valued at RMB 17,575,000, with goodwill generated amounting to RMB 18,348,000[78] - Total revenue contribution from Yikang and Jun Cheng during the period was RMB 18,328,000, with a profit contribution of RMB 2,280,000[80] Operational Metrics - The company experienced a foreign exchange loss of RMB (1,787) thousand related to the translation of overseas operations[16] - The company reported trade payables of RMB 74,133,000 due within one year as of June 30, 2022, compared to RMB 56,033,000 in the previous year, reflecting an increase of 32.3%[65] - The company recorded additional provisions for expected credit losses on trade receivables amounting to RMB 6,281,000 for the first half of 2022, compared to RMB 2,446,000 in the same period of 2021, marking an increase of 156.5%[55] - The impairment loss on trade receivables was RMB 15,780,000 for the first half of 2022, up from RMB 9,499,000 in the same period of 2021, indicating a rise of 66.5%[53] Market Conditions and Challenges - The company noted that the real estate market in China experienced unprecedented challenges due to sporadic outbreaks of COVID-19, with a significant decline in commercial property sales[85] - The ongoing COVID-19 pandemic presents uncertainties that may disrupt business operations and lead to short-term labor shortages[117] - The real estate agency and property management businesses are facing intense competition, with some competitors having stronger resources and longer business relationships[115] - The company may face adverse impacts from natural disasters or widespread health epidemics, affecting its business and financial performance[116] Corporate Governance - The board of directors did not recommend the payment of an interim dividend for the six months ended June 30, 2022, consistent with the previous year[10] - The company has adopted a code of conduct for securities trading in compliance with the listing rules[118] - The audit committee reviewed the unaudited condensed consolidated financial results for the six months ended June 30, 2022, and found them compliant with applicable accounting standards[136] - The company has complied with all code provisions of the Corporate Governance Code during the six months ended June 30, 2022[132] - No material events affecting the company occurred after June 30, 2022, up to the report date[139]

Financial Performance - In 2021, Fineland Living Services Group Limited achieved total revenue of approximately RMB 571.4 million, an increase of about 106.5% compared to RMB 276.7 million in 2020[7]. - The total revenue for the year ended December 31, 2021, was approximately RMB 571.4 million, an increase of about 106.5% compared to RMB 276.7 million for the same period in 2020, primarily due to acquisitions[21]. - The revenue from the professional property management services segment was approximately RMB 307.6 million, contributing significantly to the overall revenue growth[23]. - The revenue from non-owner value-added services was approximately RMB 48.2 million, while community value-added services generated about RMB 46.4 million, both being new business lines introduced in 2021[26][27]. - The group achieved a profit of approximately RMB 29.3 million for the year ended December 31, 2021, compared to approximately RMB 11.7 million for the same period in 2020[36]. - The net profit margin increased to 5.1% for the year ended December 31, 2021, compared to 4.2% for the previous year, driven by business expansion and significant gross profit growth[33]. - The company reported a significant increase in property sales, with a year-on-year growth of 25% in revenue for the fiscal year 2021[86]. Acquisitions and Expansion - The company completed the acquisition of approximately 66.31% of Guangzhou Fineland Modern Living Services Co., Ltd., expanding its property management services[8]. - In 2021, the company also acquired 51% of Changsha Jiyanghong Property Management Co., Ltd., entering the Hunan market[8]. - The acquisition of Guangzhou Fangheng Information Technology Co., Ltd. was completed in July 2021, enhancing the company's capabilities in smart community services[12]. - The company completed the acquisition of approximately 66.31% equity in Guangzhou Leguan Investment Co., Ltd. for a cash consideration of RMB 68,000,000[46]. - The company acquired all equity of Fangheng Technology for a cash consideration of RMB 4,500,000, making it a wholly-owned subsidiary[46]. - The company entered into an agreement to acquire 51% equity in Ziyanghong for a cash consideration of RMB 24,745,000, with performance targets set for the years ending December 31, 2021, 2022, and 2023[47]. - The acquisition of Yikang was completed in February 2022, and its financial performance will be consolidated into the group's financial statements[65]. Market Overview - Real estate investment in China reached RMB 14.8 trillion in 2021, with a year-on-year growth of 4.4%[7]. - The total sales area of commercial housing in China was 1,794.33 million square meters in 2021, with a year-on-year growth of 1.9%[7]. - The sales revenue of commercial housing reached RMB 18.2 trillion in 2021, an increase of 4.8% year-on-year[7]. - Preliminary estimates indicate that China's GDP for 2021 is approximately RMB 114.4 trillion, representing an 8.1% increase from 2020, with an average growth rate of 5.1% over two years[63]. - The government is expected to maintain relaxed real estate policies throughout the year to support developers and homebuyers, mitigating financial risks[63]. - The company operates in a highly regulated real estate market, which may impact its business due to government policies affecting property market growth[57]. Employee and Operational Growth - The number of employees increased to 2,071 as of December 31, 2021, from 687 employees as of December 31, 2020, reflecting the company's growth and expansion[42]. - The service costs for the year were approximately RMB 432.8 million, an increase of about 91.1% compared to RMB 226.5 million for the previous year, mainly due to rising employee benefits and operational costs[30]. - The company has implemented various measures to ensure employee health and safety during the COVID-19 pandemic, with limited additional costs expected[55]. Governance and Compliance - The company has established a clear governance structure, ensuring compliance with the corporate governance code as of December 31, 2021[107]. - The Audit Committee, established on October 23, 2017, is responsible for reviewing and supervising the financial reporting process and internal control systems[98]. - The Remuneration Committee is tasked with reviewing and determining the remuneration packages for directors and senior management[99]. - The Nomination Committee is responsible for reviewing the board structure and diversity policies, providing recommendations for director appointments[101]. - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with relevant regulations[108]. - The company has established internal risk management processes to identify, assess, and manage major risks, with the board responsible for maintaining an effective risk management and internal control system[147]. Shareholder Engagement - The company aims to enhance transparency and deepen shareholder understanding of its business development[162]. - The company encourages shareholders to attend all general meetings and provides communication channels for feedback[162]. - Shareholders have the right to request the board to convene a special general meeting if they hold at least 10% of the paid-up capital with voting rights[153]. Future Outlook - The company plans to continue focusing on business development in the Greater Bay Area, expanding market coverage by undertaking more projects in cities where it has successfully entered[64]. - Future outlook remains positive, with management confident in achieving long-term growth targets amidst market challenges[72]. - The company has set a revenue guidance of approximately HKD 1.5 billion for the next fiscal year, reflecting a projected growth of 20%[86]. Risk Factors - The group's business may be adversely affected by natural disasters, widespread infectious diseases, or other epidemics, impacting overall economic and social conditions in the Greater Bay Area and other cities in South China[59]. - The real estate agency and property management sectors are highly competitive, potentially affecting the company's business performance and financial condition[58]. - The management team emphasizes a focus on risk management, with new protocols implemented to mitigate potential market volatility[86].

Financial Performance - For the six months ended June 30, 2021, revenue was approximately RMB 264.4 million, a 105.5% increase from RMB 128.9 million for the same period in 2020[9]. - Profit attributable to owners of the company for the same period was approximately RMB 11.1 million, compared to RMB 2.7 million in the prior year, representing a 311.1% increase[9]. - The total comprehensive income for the period was RMB 15.7 million, up from RMB 2.1 million in the previous year, indicating a significant growth of 646.2%[11]. - The company reported a gross profit of RMB 53.9 million, which is a 192.3% increase from RMB 18.4 million in the same period last year[11]. - Basic and diluted earnings per share attributable to owners of the company were RMB 2.77, compared to RMB 0.68 in the previous year, representing a significant increase of 308.8%[11]. - The company reported a net profit of RMB 11,090,000 for the six months ended June 30, 2021, compared to RMB 2,710,000 for the same period in 2020, representing a significant increase of 309%[13]. - The company reported a profit before tax of RMB 17,800,000 for the six months ended June 30, 2021, compared to a loss in the previous year[43]. - The net profit margin increased to 5.7% for the six months ended June 30, 2021, compared to 2.0% for the same period in 2020, driven by business expansion and improved efficiency[90]. Assets and Liabilities - Non-current assets increased to RMB 49.4 million as of June 30, 2021, compared to RMB 8.7 million at the end of 2020, reflecting a growth of 467.0%[12]. - Current assets rose to RMB 348.5 million, up from RMB 211.2 million at the end of 2020, marking a 64.9% increase[12]. - The company’s total assets less current liabilities amounted to RMB 202.2 million, up from RMB 150.7 million at the end of 2020, indicating a growth of 34.2%[12]. - The company’s total assets as of June 30, 2021, were approximately RMB 397.9 million, up from RMB 219.9 million as of December 31, 2020[93]. - As of June 30, 2021, trade payables amounted to RMB 49,892,000, a significant increase from RMB 22,232,000 as of December 31, 2020, representing a growth of 124.8%[16]. - The company’s bank balances as of June 30, 2021, amounted to approximately RMB 94,139,000, down from RMB 138,094,000 as of December 31, 2020[57]. - The company’s lease liabilities decreased to RMB 6,251,000 as of June 30, 2021, from RMB 7,114,000 as of December 31, 2020[50]. Cash Flow and Dividends - The company experienced a net cash outflow from operating activities of RMB 70,245,000 for the six months ended June 30, 2021, compared to RMB 6,210,000 for the same period in 2020, indicating a deterioration in cash flow[15]. - Cash and cash equivalents decreased to RMB 97,146,000 as of June 30, 2021, down from RMB 138,481,000 at the beginning of the period, a decline of 30%[15]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2021, consistent with the previous year[9]. - The company paid dividends totaling RMB 5,230,000 during the period, which included RMB 3,361,000 to shareholders and RMB 1,869,000 to non-controlling interests[13]. Acquisitions and Investments - The company acquired non-controlling interests amounting to RMB 34,788,000 during the reporting period, impacting the equity structure[13]. - The acquisition of 66.31% equity in Guangzhou Fangyuan Modern Life Service Co., Ltd. was completed on January 28, 2021, for a total consideration of RMB 68,000,000[65]. - The identifiable net assets acquired from the acquisition amounted to RMB 97,260,000, with goodwill recognized at RMB 5,528,000[67]. - The acquired company contributed approximately RMB 128,738,000 in revenue and RMB 7,867,000 in profit for the six months ended June 30, 2021[70]. - The company completed the acquisition of Guangzhou Fangheng Information Technology Co., Ltd. on July 15, 2021, for a cash consideration of RMB 4.5 million, enhancing its smart community services[72]. - The acquisition of Changsha Jiyanghong Property Management Co., Ltd. was completed for RMB 24.745 million, increasing the company's property management portfolio in Changsha, Hunan Province[73]. Operational Expenses - The company incurred employee benefit expenses of RMB 104,106,000, significantly higher than RMB 48,687,000 in the previous year[43]. - The company’s administrative expenses rose to approximately RMB 31.3 million, a 134.9% increase compared to RMB 13.3 million for the same period in 2020, primarily due to the acquisition of Fangyuan Modern Life Services[90]. - Service costs for the period were approximately RMB 210.5 million, up about 90.5% from RMB 110.5 million for the same period in 2020, mainly due to increased operational costs from the acquired businesses[87]. Share Capital and Governance - The issued share capital as of June 30, 2021, was RMB 3,403,000, reflecting an increase in the number of issued shares to 400,000,000[19]. - As of June 30, 2021, Mr. Fang and Ms. Xie each hold 216,000,000 shares, representing 54% of the company's total issued share capital[109]. - The company has complied with all provisions of the Corporate Governance Code as of June 30, 2021[118]. - There were no purchases, sales, or redemptions of the company's listed securities during the six months ending June 30, 2021[116]. - No business or interests of directors or controlling shareholders were found to directly or indirectly compete with the company's business during the six months ending June 30, 2021[120].

FINELAND REAL ESTATE SERVICES GROUP LIMITED 方圓房地產服務集團有限公司 ( 於開曼群島註冊成立的有限公司 ) 股份代號 : 9978 更多 為您 想得 FINELAND REAL ESTATE SERVICES GROUP LIMITED 方圓房地產服務集團有限公司 ANNUAL REPORT 2020 年報 方圓房地產服務集團有限公司 二零二零年年報 目 錄 | 公司資料 | 2 | | --- | --- | | 主席報告 | 3 | | 管理層討論與分析 | 6 | | 董事及高級管理層之履歷詳情 | 14 | | 企業管治報告 | 23 | | 董事會報告 | 35 | | 獨立核數師報告 | 48 | | 綜合全面收益表 | 52 | | 綜合財務狀況表 | 53 | | 綜合權益變動表 | 54 | | 綜合現金流量表 | 55 | | 財務報表附註 | 56 | | 五年財務概要 | 102 | 方圓房地產服務集團有限公司 二零二零年年報 公司資料 董事會 執行董事 容海明女士 易若峰先生 謝麗華女士 非執行董事 方明先生 獨立非執行董事 梁偉雄先生 ...

Financial Performance - For the six months ended June 30, 2020, the group recorded revenue of approximately RMB 128.9 million, compared to RMB 128.2 million for the same period in 2019[9]. - The profit attributable to owners of the company for the six months ended June 30, 2020, was approximately RMB 2.7 million, down from RMB 8.3 million in the same period of 2019, representing a decrease of 67.5%[9]. - Total comprehensive income for the period was RMB 2.1 million, a decrease of 75.2% from RMB 8.5 million in the same period of 2019[11]. - Basic and diluted earnings per share for the six months ended June 30, 2020, were RMB 0.68, down from RMB 2.08 in the same period of 2019[11]. - The company reported a net profit of RMB 2,710,000 for the six months ended June 30, 2020, compared to RMB 8,324,000 for the same period in 2019, representing a decrease of 67.5%[13]. - Total comprehensive income for the period was RMB 2,203,000, down from RMB 8,436,000 in the previous year, indicating a decline of 73.9%[13]. - Profit before tax for the six months ended June 30, 2020, was RMB 2,710,000, down from RMB 8,324,000 in 2019, representing a decrease of 67.5%[36]. - The net profit margin decreased to 2.0% from 6.6% in the same period in 2019, primarily due to increased advertising and listing expenses[78]. Revenue Breakdown - Revenue from major clients, specifically Fangyuan Real Estate Holdings Limited and its subsidiaries, increased to RMB 76,974,000 in 2020 from RMB 50,473,000 in 2019, reflecting a growth of 52.5%[27]. - Real estate agency service revenue for the six months ended June 30, 2020, was RMB 128,016,000, a slight increase from RMB 126,637,000 in 2019, representing a growth of 1.1%[29]. - Online property referral and agency service revenue amounted to approximately RMB 81,447,000 for the six months ended June 30, 2020, compared to RMB 73,496,000 in the same period of 2019, reflecting a growth of 10.0%[29]. - Revenue from online property referral and agency services increased by 10.8% to RMB 81.4 million for the six months ended June 30, 2020, compared to RMB 73.5 million in the same period in 2019, driven by an increase in project numbers[64]. - Real estate agency services accounted for approximately 99.3% of the group's revenue for the six months ended June 30, 2020, with revenue slightly increasing by approximately RMB 1.4 million or 1.1% to approximately RMB 128.0 million compared to the same period in 2019[61]. Assets and Liabilities - Non-current assets as of June 30, 2020, totaled RMB 10.1 million, a decrease from RMB 16.5 million as of December 31, 2019[12]. - Current assets increased to RMB 208.6 million as of June 30, 2020, compared to RMB 193.9 million as of December 31, 2019[12]. - The net current assets as of June 30, 2020, were RMB 126.5 million, slightly up from RMB 122.5 million as of December 31, 2019[12]. - Total equity attributable to owners of the company was RMB 130.3 million as of June 30, 2020, compared to RMB 128.1 million as of December 31, 2019[12]. - The company reported a significant increase in trade receivables, which rose to RMB 50.4 million as of June 30, 2020, from RMB 35.0 million as of December 31, 2019[12]. - Cash and cash equivalents decreased to RMB 90,514,000 as of June 30, 2020, from RMB 118,393,000 at the end of June 2019, a reduction of 23.5%[15]. - The total assets of the company as of June 30, 2020, were approximately RMB 218.7 million, compared to RMB 210.4 million as of December 31, 2019[80]. - The company's debt-to-equity ratio as of June 30, 2020, was 40%, slightly up from 39% as of December 31, 2019[83]. - The company had no short-term or long-term borrowings as of June 30, 2020[81]. Operational Highlights - The company experienced a net cash outflow from operating activities of RMB 6,210,000 for the first half of 2020, compared to a net inflow of RMB 9,411,000 in the same period of 2019[15]. - Total operating expenses for the six months ended June 30, 2020, were RMB 4,053,000, down from RMB 5,682,000 in 2019, a reduction of 28.6%[32]. - Employee benefit expenses decreased by 8.6% to approximately RMB 48.7 million, attributed to a reduction in total employees from over 750 to approximately 655[70]. - Advertising, promotion, and other commission expenses increased by 20.7% to approximately RMB 64.3 million, mainly due to higher commission payments related to increased revenue from online property referral and agency services[71]. - The company closed 4 new stores, reducing the total number of stores to 36 as of June 30, 2020, compared to 40 stores as of June 30, 2019[64]. Shareholder Information - As of June 30, 2020, the company had a total of 216,000,000 shares held by Mansion Green, representing 54% of the total issued share capital[92]. - The company’s major shareholders include Mr. Fang and Ms. Xie, each holding 216,000,000 shares, equivalent to 54% ownership[95]. - Ms. Rong holds 24,000,000 shares, which accounts for 6% of the total issued share capital[95]. - Mr. Yi holds 6,300,000 shares, representing 1.575% of the total issued share capital[95]. - No new share options were granted or exercised under the share option scheme as of June 30, 2020[100]. Corporate Governance - The board did not recommend the payment of any dividend for the six months ended June 30, 2020, consistent with the previous year[9]. - The board has confirmed compliance with all corporate governance codes as of June 30, 2020[101]. - There were no significant events requiring disclosure after June 30, 2020, up to the report date[104]. - The audit committee was established on October 23, 2017, and reviewed the unaudited interim results for the six months ended June 30, 2020, confirming compliance with applicable accounting standards and listing rules[107]. Market Conditions - The company is heavily reliant on the real estate market conditions in Guangzhou and the Greater Bay Area, which could significantly impact its business performance[85]. - The competitive landscape in the real estate agency business is intense, with many competitors potentially having stronger resources and established relationships[86]. - The company is subject to various regulations imposed by the Chinese government, which can affect its operations and market growth[88]. - The ongoing COVID-19 pandemic has caused temporary disruptions in operations, impacting the overall economic activity and potentially affecting the company's financial performance[89].