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世茂服务(00873) - 2023 - 年度财报
2024-04-29 09:08
Financial Performance - Revenue for 2023 was RMB 8,202,668 thousand, a decrease of 5% compared to RMB 8,636,811 thousand in 2022[6] - Gross profit for 2023 was RMB 1,646,432 thousand, a decrease of 15% compared to RMB 1,942,958 thousand in 2022[6] - Operating profit for 2023 was RMB 343,569 thousand, a significant improvement from an operating loss of RMB 809,789 thousand in 2022[6] - Net profit attributable to equity holders of the company for 2023 was RMB 273,245 thousand, compared to a net loss of RMB 927,120 thousand in 2022[6] - Full-year revenue reached RMB 8,202.7 million, with a gross profit of RMB 1,646.4 million, and core net profit attributable to equity holders of RMB 647.7 million[10] - Net profit margin was 3.9%, and core net profit attributable to equity holders was RMB 647.7 million, with a core net profit margin of 7.9%[23] - Net profit for 2023 was RMB 316,748 thousand, a significant improvement from a net loss of RMB 876,672 thousand in 2022[176] - Total comprehensive income for 2023 was RMB 321,026 thousand, compared to a comprehensive loss of RMB 939,677 thousand in 2022[177] - Basic earnings per share for 2023 were RMB 0.11, compared to a loss per share of RMB 0.38 in 2022[177] - The company reported an annual profit of RMB 273,245 thousand in 2023, compared to a loss of RMB 927,120 thousand in 2022[181] - Total comprehensive income for 2023 was RMB 321,026 thousand, a significant improvement from a loss of RMB 939,677 thousand in 2022[181][182] Assets and Liabilities - Total assets as of 2023 were RMB 14,240,038 thousand, a slight decrease from RMB 14,599,562 thousand in 2022[6] - Current assets as of 2023 were RMB 9,182,539 thousand, a decrease of 1% compared to RMB 9,285,961 thousand in 2022[6] - Current liabilities as of 2023 were RMB 5,243,723 thousand, a decrease of 6% compared to RMB 5,552,777 thousand in 2022[6] - Total equity as of 2023 was RMB 8,646,153 thousand, an increase of 3% compared to RMB 8,367,227 thousand in 2022[6] - Total non-current assets decreased to RMB 5,057,499 thousand in 2023 from RMB 5,313,601 thousand in 2022[178] - Total current assets decreased slightly to RMB 9,182,539 thousand in 2023 from RMB 9,285,961 thousand in 2022[178] - Total current liabilities decreased to RMB 5,243,723 thousand in 2023 from RMB 5,552,777 thousand in 2022[178] - Net current assets increased to RMB 3,938,816 thousand in 2023 from RMB 3,733,184 thousand in 2022[178] - Total assets minus current liabilities decreased slightly to RMB 8,996,315 thousand in 2023 from RMB 9,046,785 thousand in 2022[178] - Total equity increased to RMB 8,646,153 thousand in 2023, up from RMB 8,367,227 thousand in 2022[179] - Non-current liabilities decreased significantly to RMB 350,162 thousand in 2023 from RMB 679,558 thousand in 2022[179] - Retained earnings increased to RMB 938,519 thousand in 2023 from RMB 695,407 thousand in 2022[182] - Non-controlling interests decreased to RMB 729,713 thousand in 2023 from RMB 799,683 thousand in 2022[179] - Share premium decreased slightly to RMB 8,371,502 thousand in 2023 from RMB 8,416,063 thousand in 2022[182] Cash Flow - Net cash flow from operating activities reached RMB 1,030.4 million, a significant improvement compared to the net cash used in operating activities of RMB 1,511.8 million in the same period last year[15] - Operating cash flow from business activities was RMB 1,030.4 million, significantly exceeding net profit, reflecting high-quality development[23] - Operating cash flow from business activities increased to RMB 1,041,582 thousand in 2023, compared to a negative RMB 1,406,160 thousand in 2022[183] - Net cash flow from operating activities improved significantly to RMB 1,030,411 thousand in 2023, from a negative RMB 1,511,825 thousand in 2022[183] - Cash flow from investment activities showed a positive net inflow of RMB 921,376 thousand in 2023, compared to a negative outflow of RMB 2,932,439 thousand in 2022[183] - Cash and cash equivalents increased by RMB 1,480,973 thousand in 2023, a significant improvement from a decrease of RMB 7,535,626 thousand in 2022[183] - Year-end cash and cash equivalents stood at RMB 3,788,300 thousand in 2023, up from RMB 2,307,301 thousand in 2022[183] Property Management Services - Property management service revenue reached a record high of RMB 5,291.9 million, with a five-year compound annual growth rate of 44.9%[11] - Property management services accounted for 64.5% of total revenue and 64.7% of total gross profit, with revenue increasing by 5.0% year-over-year to RMB 5,291.9 million[24][25] - Gross profit margin for property management services decreased by 2.2 percentage points to 20.1% in 2023, primarily due to increased expenses for project management quality improvement[24][25] - Managed building area reached 250.6 million square meters, with 75.4% sourced from third-party developers[26][27] - Contracted building area stood at 332.3 million square meters, with 76.9% sourced from third-party developers[26][27] - Residential projects accounted for 57.0% of managed building area, an increase of 2.9 percentage points from 2022, contributing to higher profit margins and community value-added services[27] - Managed building area decreased to 250.6 million square meters in 2023 from 261.6 million square meters in 2022, with residential properties accounting for 57.0% and non-residential properties for 43.0%[29] - Contracted building area decreased to 332.3 million square meters in 2023 from 341.3 million square meters in 2022, with residential properties accounting for 57.0% and non-residential properties for 43.0%[29] - New contracted building area from third-party bidding increased by 4.0% to 41.7 million square meters in 2023, with an average property management fee of RMB 2.3 per square meter per month, up 4.5% year-over-year[30] Community Value-Added Services - Community value-added service revenue decreased by 19.3% to RMB 1,362.9 million in 2023, with a gross profit decrease of 32.2% to RMB 355.5 million[33] - Community asset management service revenue increased by 19.1% to RMB 280.8 million in 2023, with the number of parking lots increasing from 834 to 983[34] - Smart scene solution revenue decreased by 74.7% to RMB 85.6 million in 2023 due to weakened demand for property intelligent upgrades[35] - Parking asset operation service revenue decreased by 8.8% to RMB 294.6 million in 2023, impacted by reduced demand for parking spaces[35] - Revenue from home decoration services decreased by 33.9% year-on-year to RMB 81.9 million, compared to RMB 123.9 million in the previous year[36] - New retail services revenue dropped by 65.1% year-on-year to RMB 44.6 million, compared to RMB 127.9 million in the previous year[36] - Campus value-added services revenue increased by 3.7% year-on-year to RMB 412.7 million, compared to RMB 397.9 million in the previous year[36] - Elderly care services revenue grew by 15.0% year-on-year to RMB 162.7 million, compared to RMB 141.5 million in the previous year[36] - Non-property owner value-added services revenue decreased by 59.4% year-on-year to RMB 213.1 million, compared to RMB 525.1 million in the previous year[37] - Urban services revenue declined by 3.4% year-on-year to RMB 1,334.8 million, compared to RMB 1,381.4 million in the previous year[38] Expenses and Impairments - Sales and marketing expenses decreased by 41.5% year-on-year to RMB 136.6 million, compared to RMB 233.5 million in the previous year[42] - Administrative expenses decreased by 27.1% year-on-year to RMB 989.5 million, compared to RMB 1,356.5 million in the previous year[43] - Goodwill impairment loss for the year was RMB 15.4 million, a significant decrease of RMB 689.7 million compared to RMB 705.1 million in 2022[45] - Customer relationship impairment loss for the year was RMB 105.9 million, a significant increase of RMB 85.4 million compared to RMB 20.5 million in 2022[45] - Trade receivables and other receivables impairment losses totaled approximately RMB 896,983,000 and RMB 290,109,000 respectively as of December 31, 2023[170] - Goodwill and identifiable intangible assets impairment losses amounted to approximately RMB 720,472,000 and RMB 126,464,000 respectively as of December 31, 2023[171] - The company's trade receivables and other receivables had a book value of approximately RMB 3,209,178,000 and RMB 1,695,067,000 respectively as of December 31, 2023[170] - Goodwill and customer relationships from business combinations were approximately RMB 1,724,909,000 and RMB 730,999,000 respectively as of December 31, 2023[171] Strategic Focus and Digital Transformation - The company focused on digital transformation, improving operational precision and efficiency through platform-based business management tools[18] - The company shifted its strategic focus from acquisitions to third-party market expansion due to the slowdown in the property services industry[60] - The company is focused on organic high-quality development and will be more cautious about mergers and acquisitions due to the downturn in the real estate industry[63] - The company closely monitors foreign exchange and interest rate risks and actively explores hedging solutions with major banks[64] Shareholder and Corporate Governance - The company granted a total of 3,525,446 reward shares under the Share Award Plan on June 19, 2023, and a cumulative total of 7,542,551 reward shares had been granted by December 31, 2023[55] - The net proceeds from the IPO amounted to HKD 5,917.4 million (equivalent to RMB 5,126 million), with 65% allocated for business expansion, 15% for increasing value-added services, 5% for IT system improvements, 5% for talent acquisition, and 10% for working capital[56][57] - As of December 31, 2023, RMB 3,022 million out of RMB 3,332 million allocated for business expansion had been utilized, leaving RMB 310 million unused[57] - The company received net proceeds of approximately HKD 1,735 million from a share placement, with 80% allocated for potential acquisitions, 10% for business expansion, and 10% for working capital[58][59] - As of December 31, 2023, none of the RMB 1,140 million allocated for potential acquisitions had been utilized[60] - The company entered into multiple service agreements with Shimao Group, which were approved at an extraordinary general meeting on March 28, 2023[61] - The company acquired a total of 134 parking spaces and 261 storage units from Shimao Group for a total consideration of approximately RMB 40.66 million[62] - The company had 47,531 employees as of December 31, 2023, a 0.6% increase from 47,260 employees in 2022[65] - Total employee costs decreased by 6.8% to RMB 3,914.4 million in 2023 from RMB 4,199.5 million in 2022[65] - The company did not recommend the payment of a final dividend for the year ended December 31, 2023[68] - The company's charitable donations and other contributions amounted to RMB 538,233 in 2023, compared to RMB 469,803 in 2022[73] - The company's five largest customers and suppliers accounted for less than 30% of total sales and purchases, respectively[72] - The company did not have any significant contingent liabilities as of December 31, 2023[66] - The company's main business includes property management services, community value-added services, non-property owner value-added services, and urban services[67] - The company awarded a total of 3,525,446 shares under the Share Award Scheme during the year[79] - The total number of shares awarded under the Share Award Scheme since its adoption is 7,542,551 shares, representing approximately 0.32% of the company's total issued shares at the adoption date[82] - The number of shares available for future awards under the Share Award Scheme is 63,376,639 shares, representing approximately 2.57% of the company's total issued shares at the reporting date[82] - The fair value of the awarded shares at the grant date was HKD 2.29 per share for the first batch and HKD 1.68 per share for the second batch[80][81] - The weighted average closing price of the shares immediately before the vesting date was HKD 1.51 per share[81] - A total of 997,036 unvested award shares were forfeited during the year[80] - The maximum number of shares that can be awarded under the Share Award Scheme is 70,919,190 shares, representing 3% of the company's total issued shares at the adoption date[78] - 60% of the awarded shares vest 6 months after the grant date, and 40% vest 18 months after the grant date for the first batch[80] - 60% of the awarded shares vest 12 months after the grant date, and 40% vest 24 months after the grant date for the second batch[81] - Best Cosmos Limited holds 1,551,776,591 shares, representing approximately 62.871% of the issued share capital[90] - Gemfair Investments Limited holds 1,583,710,750 shares, representing approximately 64.165% of the issued share capital[90] - Xu Rongmao holds 1,594,567,092 shares, representing approximately 64.605% of the issued share capital[90] - Ye Mingjie holds 4,141,172 shares, representing approximately 0.168% of the issued share capital, including 374,610 unvested shares under the company's share incentive plan[85] - Cao Shiyang holds 829,967 shares, representing approximately 0.034% of the issued share capital, including 224,852 unvested shares under the company's share incentive plan and 22,000 shares held by his spouse[85] - Xu Shitan holds 3,682,198 shares in the company's annual report, representing approximately 0.100% of the issued share capital[86] - Tang Fei holds 1,241,103 shares in the company's annual report, representing approximately 0.033% of the issued share capital[86] - The company's share incentive plan includes unvested shares for directors, such as 119,493 shares for Xu Shitan, 41,518 shares for Ye Mingjie, and 124,003 shares for Tang Fei under the 2011 Shimao Group Share Incentive Plan[87] - Shimao Services (BVI) Limited purchased a total of 9,503,000 shares at a total consideration of approximately HKD 15,909,430.29 (excluding fees) during the year ended December 31, 2023[96] - The total commission payable to the group for property management and related services for the year ended December 31, 2023 was RMB 34 million, not exceeding the annual cap of RMB 236 million[99] - The total parking deposit paid for the year ended December 31, 2023 was RMB 295 million, not exceeding the annual cap of RMB 300 million[99] - The trademark license agreement allows the group to use certain trademarks in China permanently without royalty fees, exempt from reporting, annual review, announcement, and independent shareholder approval requirements[98] - The parking brokerage service agreement with Shimao Group Holdings has an annual commission cap of RMB 236 million, RMB 252 million, and RMB 264 million for the years 2023, 2024, and 2025 respectively[99] - The parking brokerage service agreement has an annual deposit cap of RMB 300 million, RMB 268 million, and RMB 245 million for the years 2023, 2024, and 2025 respectively[99] - The non-compete agreement will automatically terminate if the controlling shareholders no longer directly or indirectly hold 50% or more of the company's voting shares or if the company's shares are no longer listed on the Hong Kong Stock Exchange[93] - The controlling shareholders confirmed compliance with the non-compete agreement and the 2007 non-compete agreement for the year ended December 31, 2023[93] - No directors or their associates were deemed to have interests in businesses directly or indirectly competing with the group's business during the year ended December 31, 2023[94] - The total lease fees payable under the Master Lease Agreement for the year ended December 31, 2023, amounted to RMB 14 million, not exceeding the annual cap of RMB 65 million[100] - The service fees payable under the Master Site Operation Agreement for the year
物业丨世茂服务:2023年权益持有人应占利润为2.73亿元 同比扭亏为盈
财经网· 2024-03-28 09:46
3月28日下午,世茂服务发布2023年全年业绩。 报告显示,2023年实现收入为人民币82.03亿元,较2022年同期下降5.0%。其中,物业管理服务收入为 人民币52.92亿元,占总收入的64.5%,同比增长5.0%;社区增值服务收入达人民币13.63亿元,占总收 入的16.6%,同比下降19.3%;非业主增值服务收入达人民币2.13亿元,占总收入的2.6%,同比下降 59.4%;城市服务收入达人民币13.35亿元,占总收入的16.3%,同比下降3.4%。 报告期内,毛利为人民币16.46亿元,同比下降15.3%。经营利润为人民币3.44亿元,同比扭亏为盈。年 度利润为人民币3.167亿元,同比扭亏为盈。年内,公司权益持有人应占利润为人民币2.73亿元,同比扭 亏为盈。公司权益持有人应占核心净利润为人民币6.477亿元,同比上升29.6%。 截至2023年末,世茂服务为1448个项目提供种类丰富的服务,客户类型多样,包括住宅、高校、公建、 产业园及医院等。在管建筑面积实现2.506亿平方米;合约建筑面积实现3.323亿平方米。 截至2023年末,集团包含到期日超过三个月的定期存款的现金及现金等价物为人民币4 ...
世茂服务(00873)2023年实现营收82.03亿元 经营性现金流及核心利润大幅提升
智通财经· 2024-03-28 09:13
智通财经APP获悉,2024年3月28日,世茂服务(00873)发布2023年业绩报告。过去一年,世茂服务收入结构持续优 化,盈利质量不断提升。期内,公司实现营业收入82.03亿元,合约面积3.32亿平方米,归母净利润2.73亿元,经营活 动所得现金净额大幅提升至10.30亿元,核心净现比大幅提升至1.45,创历史新高。 【世茂服务2023年全年业绩发布会】 世茂服务管理层表示,2023年是世茂服务高质量发展的第二年,围绕结构调优、合理增速、业务精进、队伍建设四个 关键点,世茂服务在历经行业承压下行回调后积极应对调整,交出了一份成色十足的高质量发展答卷。 核心业务持续增长 经营底盘稳固健康 四大业务板块收入结构持续优化 截至12月31日,世茂服务物业管理服务收入52.92亿元,收入占比提升至64.5%,近5年复合年增长率高达44.9%,为其 他业务发展创造了空间;社区增值服务业务收入13.63亿元,社区增值业务全面渗透住宅场景,单方收入产值显著提 升;非业主增值服务收入2.13亿元,占比2.6%,房地产相关业务收入额及占比持续逐年下降,独立性进一步增强;城 市服务业务收入13.35亿元,毛利率稳步提升至14. ...
世茂服务(00873)公布2023年业绩 权益持有人应占核心净利润约6.48亿元 同比上升29.6%
智通财经· 2024-03-28 08:57
智通财经APP讯,世茂服务(00873)公布2023年业绩,收入为人民币82.03亿元,毛利为16.46亿元。经营 利润约3.44亿元,公司权益持有人应占利润为2.73亿元,同比扭亏为盈。公司权益持有人应占核心净利 润约6.48亿元,同比上升29.6%。每股基本盈利为人民币0.11元。 公告称,公司权益持有人应占核心净利润的增加主要是由于通过优化人员结构,调整业务流程,大幅降 低人员成本开支;通过精准化营销手段、集中化行政管理,大幅降低营销及行政开支;及通过对融资方式 的调整,降低债务融资比例,大幅降低融资成本。 物业管理服务是世茂服务最重要的业务基石,多年来一直持续增长,近五年的复合年增长率高达 44.9%。2023年全年,物业管理服务收入规模再创新高,达人民币52.92亿元,同比增长5.0%,主要原因 是来自世茂集团控股有限公司交付管理建筑面积的增加;及第三方市场拓展建筑面积的提升,促进集团 物业服务收入的稳步增长,为未来发展打下坚实的基础,为多元化业务发展提供充足的动力;物业管理 服务的在管项目组合实现结构再优化,位于一二线城市的住宅项目占比提高,管理项目整体质量得到进 一步提升。 截至2023年12月 ...
世茂服务(00873) - 2023 - 年度业绩
2024-03-28 08:31
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。 (於 開 曼 群 島 註 冊 成 立 的 有 限 公 司) (股 份 代 號:873) 截 至2023年12月31日止全年業績 | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
跟踪报告:独立发展能力提升,业务结构持续优化
光大证券· 2024-02-22 16:00
2024年2月23日 公司研究 独立发展能力提升,业务结构持续优化 ——世茂服务(0873.HK)跟踪报告 (要 点 增持(维持) 当 前价:1.10港元 事件:世茂服务发布第三方市场拓展2023年度盘点。 世茂服务官方公众号发布第三方市场拓展 2023 年度盘点,2023 年公司拓展了 多个高质量项目,完成住宅、学校、产业园、政府后勤等全业态板块覆盖,不断 作者 提升深耕城市的项目密度与服务浓度。 分析师:何缅南 执业证书编号:S0930518060006 点评:业务结构持续优化,独立发展能力不断提升,关注盈利能力和现金流管理。 021-52523801 1) 第三方拓展持续领先行业,项目质量不断提升。截至2023年6月30日,公 hemiannan@ebscn.com 司在管面积2.61亿平(第三方面积占比77.1%;住宅面积占比53.2%);合约 联系人:韦勇强 面积3.46亿平(第三方面积占比77.6%;住宅面积占比55.9%)。2023H1公 021-52523810 司新增加第三方外拓合约面积2640万平,外拓表现持续领先行业;新增项目质 weiyongqiang@ebscn.com 量提升明显, ...
世茂服务(00873) - 2023 - 中期财报
2023-09-27 08:57
世 茂 服 務 SHIMAO SERVICE SHIMAO SERVICES HOLDINGS LIMITED 世 茂 服 務 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 873 ITTAT 00 100 CTT 2023 中期報告 2023 中期報告 B g CEFFEEE li WHITHHHHH i i Ally al management. He Microsoft ( 目錄 2 公司資料 4 主席報告 10 管理層討論與分析 25 企業管治及其他資料 35 中期簡明綜合損益及其他全面收入表 36 中期簡明綜合財務狀況表 38 中期簡明綜合權益變動表 40 中期簡明綜合現金流量表 41 中期簡明綜合財務報表附註 2 世茂服務控股有限公司 2023年中期報告 公司 資料 | --- | --- | |-----------------|------------------------------| | | | | | | | 董事會 | ...
世茂服务(00873) - 2023 - 中期业绩
2023-08-31 08:31
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。 (於 開 曼 群 島 註 冊 成 立 的 有 限 公 司) (股 份 代 號:873) 截 至2023年6月30日止六個月 中期業績公告 | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
世茂服务(00873) - 2022 - 年度财报
2023-04-27 10:14
Financial Performance - Total revenue for 2022 reached RMB 8,636.81 million, an increase of 3.5% from RMB 8,343.43 million in 2021[12] - Gross profit for 2022 was RMB 1,942.96 million, a decrease of 18.7% compared to RMB 2,390.09 million in 2021[12] - The net profit attributable to shareholders for 2022 was RMB (927.12) million, compared to RMB 1,110.45 million in 2021, indicating a significant decline[12] - The operating profit for 2022 was RMB (809.79) million, a decrease from RMB 1,505.29 million in 2021[12] - The total liabilities decreased to RMB 6,232.34 million in 2022 from RMB 8,933.33 million in 2021, indicating improved financial management[12] - The annual loss for the company was RMB 876.7 million, compared to a profit of RMB 1,216.8 million in 2021, with a core net profit of RMB 499.6 million for 2022, down 61.2% from RMB 1,288.2 million in 2021[68] Market and Industry Challenges - The company faced challenges in the property service industry due to economic pressures and fluctuating market conditions, impacting growth rates[14] - The property service sector is expected to benefit from supportive government policies aimed at enhancing community services and consumer demand[15] - The company plans to focus on upgrading its service offerings and expanding its market presence in response to industry challenges[15] Business Strategy and Development - The company aims to leverage its established business framework to explore diversified value-added services in the property management sector[15] - The company plans to focus on cash flow management, profitability enhancement, market development, operational system upgrades, and digital capability breakthroughs in 2023[24] - The company aims to achieve high-quality development through comprehensive coverage of business, post-acquisition integration, and lifecycle management[24] - The company aims to become a leading urban all-scenario life service provider in China, focusing on comprehensive property management and community life services[23] Revenue Sources and Growth - The property management services accounted for 58.4% of total revenue, generating RMB 5,042.0 million, up 20.9% from RMB 4,169.6 million in 2021[32] - Urban services revenue reached 16.0% of total revenue, becoming the company's third-largest income source[18] - Community value-added services generated revenue of RMB 1,688.3 million in 2022, a decline of 31.0% compared to RMB 2,448.2 million in 2021, primarily due to the impact of COVID-19 and the downturn in the real estate sector[39] - The revenue from community asset management services was RMB 235.8 million in 2022, down 21.1% from RMB 299.0 million in 2021[41] Operational Performance - The managed construction area reached 261.6 million square meters, up 8.8% year-on-year, while the contracted construction area increased by 10.8% to 341.3 million square meters[16] - The company has integrated over 20 acquired companies into its management system, enhancing operational synergy and professional capabilities[22] - The company secured new market bidding contracts with a total building area of 40.1 million square meters in 2022, a decrease from 61.6 million square meters in 2021, but still maintaining a leading position in the industry[36] Cost and Expenses - The cost of sales and services increased to RMB 6,693.9 million, a 12.4% rise from RMB 5,953.3 million in 2021, primarily due to increased operational costs from COVID-19[53] - Administrative expenses surged to RMB 1,356.5 million, a 96.9% increase from RMB 689.0 million in 2021, representing 15.7% of revenue, up 7.4 percentage points[58] Corporate Governance and Compliance - The company adheres to the corporate governance code as per the Hong Kong Stock Exchange's listing rules, ensuring high standards of business ethics and governance[158] - The board of directors consists of eight members, including four executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced composition[160] - The company has established a comprehensive risk management system to ensure that decision-making does not significantly harm economic, environmental, and social values[186] Shareholder and Capital Management - The company has granted 4,017,105 shares under its share incentive plan during the twelve months ending December 31, 2022[76] - The company received a net amount of approximately HKD 1,735 million from its capital raising activities, intended for potential acquisitions, business expansion, and general working capital[79] - The total amount raised from the convertible bond issuance is HKD 3,110 million, with a net amount of approximately HKD 3,085 million after deducting related expenses[81] Sustainability and Social Responsibility - The company emphasizes sustainable development and corporate social responsibility, engaging in community initiatives and environmental management[25] - The group reported charitable donations of RMB 469,803 for the year, an increase from RMB 416,948 in 2021[106] Future Outlook - The company plans to utilize 65% of the net proceeds from its listing, amounting to RMB 3,332 million, to continue expanding its business scale[77] - The company aims to enhance its business capabilities in 2023 by focusing on market expansion and acquiring more third-party projects[37]
世茂服务(00873) - 2022 - 年度业绩
2023-03-31 08:31
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。 (於 開 曼 群 島 註 冊 成 立 的 有 限 公 司) (股 份 代 號:873) 截 至2022年12月31日止全年業績 | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...