弘阳服务二零二四年年报

Stock Code1971 ANNUAL REPORT2O24 ABOUT US Established in Nanjing in 2003, the Group is a well-recognized comprehensivecommunity service provider in Jiangsu province, China, with region-leading and balanced property management abilities in the management ofresidential and commercial properties. Through our continued developmentover the years, we have established our regional leading position in theproperty management market of Jiangsu province and are well-recognizednationwide as we kept expanding our business in the rest of the country. Witha vision of “making lives warmer”, the Group has been pursuing the servicephilosophy of “provide customers with high-quality services with sincerity”,and has developed the “Property Service + Life Service” model to serveproperty owners and customers. 2003+ CONTENTS 107Independent Auditor’s Report115Consolidated Statement ofProfit or Loss and OtherComprehensive Income117Consolidated Statement ofFinancial Position119Consolidated Statement ofChanges in Equity120Consolidated Statement ofCash Flows123Notes to Financial Statements232Financial Summary 004Corporate Information009Chairman’s Statement015Management Discussion and Analysis037Directors and Senior Management045Directors’ Report080Corporate Governance Report CORPORATE INFORMATION BOARD OF DIRECTORS Non-executive DirectorMr. Zeng Junkai (Chairman) Executive Directors 202411202024624 Ms. Zeng Zixi (resigned on 20 November 2024)Mr. Chen Yichun (appointed on 24 June 2024) Independent Non-executive Directors Ms. Wang FenMr. Li XiaohangMr. Zhao Xianbo AUDIT COMMITTEE Mr. Zhao Xianbo (Chairman)Mr. Zeng JunkaiMs. Wang FenMr. Li Xiaohang NOMINATION COMMITTEE Mr. Zeng Junkai (Chairman)Ms. Wang FenMr. Li XiaohangMr. Zhao Xianbo REMUNERATION COMMITTEE 202411202024624 Ms. Wang Fen (Chairman)Ms. Zeng Zixi (resigned on 20 November 2024)Mr. Chen Yichun (appointed on 24 June 2024)Mr. 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: 122 Paul Hastings22/F, Bank of China Tower1 Garden RoadHong Kong 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 2024529202452920249302024930 Mr. Li Yonggang (resigned on 29 May 2024)Mr. Jia Hongbo (appointed on 29 May 2024)Ms. Yung Mei Yee (resigned on 30 September 2024)Ms. Chan Charmayne (appointed on 30 September 2024) AUTHORIZED REPRESENTATIVES 20249302024930 Mr. Zeng JunkaiMs. Yung Mei Yee (resigned on 30 September 2024)Ms. Chan Charmayne (appointed on 30 September 2024) 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 WEBSITE www.rsunservice.hk www.rsunservice.hk STOCK CODE 1971 HKEX: 1971 CHAIRMAN’SSTATEMENT Redsun ServicesProperty management services CHAIRMAN’S STATEMENT Dear shareholders, 20241231 On behalf of the board of directors, I hereby present to you the annualresults of the Group for the year ended 31 December 2024. 2024 In 2024, the consensus within the property management industry wasthat quality outweighs quantity in development. Enterprises had beenactively exploring new paths for high-quality development, proactively“shedding” projects with low quality and efficiency, low collection rates,high management difficulty and limited development potential, as wellas optimizing project portfolios, which demonstrated the enterprises’determination to enhance the quality of their management projects.On the basis of “strengthening the foundation”, enterprises had beenembarking on high-quality expansion, particularly in acquiring third-party projects as a clear direction for corporate development, which alsodemonstrated their determination to move away from reliance on relatedparties an