德信服务集团2025年报

CONTENTSCONTENTS Corporate Information2Awards and Honours5Financial Highlights6Chairman’s Statement7Management Discussion and Analysis13Biographical Details of Directors andSenior Management31Directors’ Report44Corporate Governance Report78Independent Auditor’s Report102Consolidated Statement of Profit or Loss andOther Comprehensive Income108Consolidated Statement of Financial Position109Consolidated Statement of Changes in Equity110Consolidated Statement of Cash Flows111Notes to the Consolidated Financial Statements113Financial Summary184 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Hu Yiping(Chairman)Mr. Tang JunjieMs. Zheng Peng Independent Non-executive Directors Mr. Rui MengMr. Yang XiDr. Wong Wing Kuen Albert AUDIT COMMITTEE Mr. Rui Meng(Chairman)Dr. Wong Wing Kuen AlbertMr. Yang Xi REMUNERATION COMMITTEE Dr. Wong Wing Kuen Albert(Chairman)Mr. Tang JunjieMr. Rui Meng NOMINATION COMMITTEE 20256 25)202562520256 25 Mr. Hu Yiping(Chairman) (ceased to act as chairman and member ofnomination committee with effect from 25 June 2025)Dr. Wong Wing Kuen Albert(Chairman) (appointed as chairman ofnomination committee with effect from 25 June 2025)Mr. Rui MengMs. Zheng Peng(appointed as member of nomination committee witheffect from 25 June 2025) AUTHORISED REPRESENTATIVES Mr. Tang JunjieMs. Lin Sio Ngo COMPANY SECRETARY Ms. Lin Sio Ngo REGISTERED OFFICE Cricket SquareHutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands Cricket SquareHutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands HEADQUARTERS IN THE PRC Room 304, Building 1Yangfan Business CentreLiangzhu Street, Yuhang DistrictHangzhouZhejiang ProvincePRC 1304 PRINCIPAL PLACE OF BUSINESS INHONG KONG 24840 40th FloorDah Sing Financial CentreNo. 248 Queen’s Road EastWanchaiHong Kong CAYMAN ISLANDS PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands HONG KONG SHARE REGISTRAR 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong Corporate Information LEGAL ADVISERS As to Hong Kong law: 826 Fangda Partners26/F, One Exchange Square8 Connaught PlaceCentral, Hong Kong As to Cayman Islands law: 829 Conyers Dill & Pearman29th FloorOne Exchange Square8 Connaught PlaceCentralHong Kong AUDITOR 3823 Zhonghui Anda CPA LimitedCertified Public Accountants and Registered PublicInterest Entity Auditor23/F, Tower 2, Enterprise Square Five, 38 Wang Chiu RoadKowloon BayHong Kong PRINCIPAL BANKS Bank of Communications Co., Ltd.Industrial and Commercial Bank of China Limited 2215 STOCK CODE 2215 www.dexinfuwu.com COMPANY’S WEBSITEwww.dexinfuwu.com 2021715 DATE OF LISTING15 July 2021 Awards and Honours 2025 Top 10 Branded Property Management Companies interms of Residential Properties in Hangzhou2025 2025 Top 10 Branded Property Management Companies interms of Public Building Properties in Hangzhou2025 2025 Top 100 Property Management Companies in China2025 2025 China’s Property Services Enterprise with LeadingBrand in Market-oriented Operation2025 Financial Highlights Chairman’s Statement Dear shareholders, 20251231 On behalf of the Board, I hereby present the results of the Group forthetwelve months ended 31 December 2025(the“ReportingPeriod”). 20251219 In2025,the property management industry moved beyond theextensive growth model of scale expansion and entered a new normaldefined by “rational thinking and enhancing intrinsic value”. Amidst thechanges, our Group has adhered to our original aspiration of “GoodHouses, Good Communities, Good Lives”. By maintaining stability at ourcore, establishing our presence through quality, and driving progressviainnovation,we have safeguarded our operational fundamentalsamidstindustry fluctuations and consolidated our developmentfoundationthrough innovative exploration.Our core competitivenesshas steadily enhanced. During the Reporting Period, the Group wasrecognised as one of the“China Top 100 Property ManagementEnterprises”for the 12th consecutive year,climbing to the 19thposition.We were also awarded multiple industry honors,including“China’sLeading Brand Enterprise for Property Management MarketOperation”, “China Top 100 Enterprise for High-Quality Property ServiceCapability”, and “Hangzhou Five-Star Service Enterprise”, validating ourresponse to industry changes and market expectations with tangibleresults and performance. CONSOLIDATING FUNDAMENTALS, UPHOLDINGINTEGRITY AND ACHIEVING LONG-TERMSTABILITY Amidst industry changes, only by strengthening our foundations can weachievelong-term development.The Group comprehensivelyimplementedrefined financial management,strengthened collectionefficiency,strictly controlled risk exposure,and maintain