兴业物联年报 2023

(incorporated in the Cayman Islands with limited liability)Stock Code: 9916 CONTENTS Consolidated Statement of Financial Position97-98 Consolidated Statement of Changes in Equity99-100 Consolidated Statement of Cash Flows101-102 Notes to the Consolidated Financial Statements103-203 Financial Summary204 CHAIRMAN’S MESSAGE Dear Shareholders and Friends, Greetings to you all! Since the listing of Xingye Wulian Service Group Co. Ltd. (“Xingye Wulian” orthe “Company” together with its subsidiaries, collectively the “Group”), thanksto your support and trust, the Company has been able to develop sustainably,healthily and stably. At this moment, on behalf of all staff of the Group, I wouldlike to express my sincere greetings and heartfelt gratitude to our customers,investors, shareholders, partners and the community for their continuous care andsupport for Xingye Wulian. ++ In 2023, Xingye Wulian continued to dedicate additional efforts in the centralplains. Relying on the strong brand endorsement of the Zensun Group and givingfull play to the advantages of high-concentration regional focus, Xingye Wulianhas followed the trend of the times, responded to customers’ needs and rapidlyiterated and evolved, realizing the dual-wheel drive of “property management +commercial management” plus the rapid layout of “common services”, which hasenabled the Company to maintain a healthy, sustained and stable development inthe fierce market environment. 8.514.3358.9321.137.840.247.27.040.247.27.010.04 At present, the gross floor area of our portfolio of properties under managementand the gross floor area of our portfolio of contracted properties have reached8.5 million sq.m. and 14.3 million sq.m. respectively. For the year ended 31December 2023 (the “Year”), revenue of the Group was RMB358.9 millionrepresenting an increase of approximately RMB37.8 million as compared withRMB321.1 million for the previous year. With the combination of increment inrevenue and administration expenses, net profit for the Year was approximatelyRMB40.2 million, representing a decrease of approximately RMB7.0 million ascompared with RMB47.2 million for the previous year; and profit attributableto the owners of the Group for the Year amounted to approximately RMB40.2million, representing a decrease of RMB7.0 million for the Year as compared withRMB47.2 million to the corresponding period of 2022. Basic earnings per shareamounted to RMB10.04 cents for the Year. + We have always stayed focused on quality and adhered to the principle ofquality first, taken the provision of high-quality services to customers as the basicprinciple and applied refined and standardised management, so as to create aproduct system that matches quality and price. We have launched the “ChiefServices Officer Program” to create benchmark projects, realise the service modelof “replication + transcendence” and actively build up the integrated servicecapabilities, thereby sparing no effort to improve our service and product quality. We insist on taking a professional and occupational road. We have set up a “sharedsupport system of the big headquarters”, whereby all professional talents areuniformly deployed by the headquarters, laying an important foundation for theprovision of “high-end, precise and professional” services to the market; we havebuilt training rooms and training bases to cultivate professional talents; we havefocused on product innovation, putting forward and formulating service whitepapers such as the Management Measures for the Entry of Office Building Servicesand the Standards for High-end Elderly Cleaning and Cordial Services, etc., whichprovide references for similar property services in the industry; we are movingtowards the track of highly-specialized property services, while continuouslyenhancing the degree of specialization and gaining market recognition. We insist on technology empowerment and adhere to the path of innovationin Internet of Things. Through the integrated application platform formed by theInternet of Things, cloud computing, mobile Internet and other new-generationinformation technology self-built by Wuxiang Intelligent – Wuxiang Cloud, wehave integrated data and established a highly efficient linkage mechanism, to createa smart platform, smart communities, all-scenario smart lifestyle life with a smarthome. We aim to understand and satisfy the needs of our customers. We utilize toolssuch as our customer profile system and WeCom to accurately understandour customers and make service products that better meet their needs. Whileadhering to the essence of “service”, we create more “customized and refined”humanized services such as venue services, conference services and memberservices, and at the same time pay attention to the creation of circle culture, so asto enhance the breadth and warmth of services. 0-2km Over the past year, we have maintained a steady growth. We successfullyacquired Henan Zheng Zhi Yue Real Estate Co., L