Financial Performance - The group's revenue for the year ended December 31, 2024, was approximately RMB 6.97 billion, showing a year-on-year decrease of about 0.56%[2] - The attributable loss to the company's owners was approximately RMB 451 million, representing an increase in loss of about 3.71% year-on-year[2] - The core net profit attributable to the company's owners was approximately RMB 796 million, remaining stable compared to the previous year[2] - Non-related party revenue increased by approximately 5.63% year-on-year to about RMB 6.80 billion[2] - The company's gross profit for the fiscal year ending December 31, 2024, was approximately RMB 1,527.3 million, a decrease of about RMB 140.6 million (approximately 8.4%) from RMB 1,667.9 million in the previous year[62] - The gross margin decreased to approximately 21.9%, down 1.9 percentage points from 23.8% in the previous year, primarily due to increased maintenance costs[62] - The net loss for the year ended December 31, 2024, was approximately RMB 433.1 million, with the loss attributable to the company's owners being approximately RMB 451.2 million, compared to a net loss of approximately RMB 393.2 million for the year ended December 31, 2023[68] Dividends - The board proposed a final dividend of RMB 0.143 per share, totaling approximately RMB 437 million, which is about 55% of the core net profit attributable to the company's owners[2] - The proposed final dividend for 2024 is RMB 0.143 per share, totaling approximately RMB 437,129 thousand, consistent with the previous year's dividend[30] - The board proposed a final dividend of RMB 0.143 per share for the year ending December 31, 2024, totaling approximately RMB 437 million, subject to shareholder approval[89] - The final dividend payment is expected to be made in cash around June 6, 2025, pending shareholder approval[89] Assets and Liabilities - The total assets of the group as of December 31, 2024, were approximately RMB 10.59 billion, down from RMB 11.64 billion in the previous year[9] - The total liabilities of the group decreased to approximately RMB 5.27 billion from RMB 5.41 billion in the previous year[9] - The equity attributable to the company's owners decreased to approximately RMB 5.17 billion from RMB 6.04 billion in the previous year[9] - The total current liabilities for trade and other payables decreased to RMB 2,841.47 million in 2024 from RMB 3,036.87 million in 2023[41] - The net trade and other receivables as of December 31, 2024, were approximately RMB 3,590.2 million, a decrease of about RMB 727.4 million from approximately RMB 4,317.6 million as of December 31, 2023[71] - The group's available funds as of December 31, 2024, totaled approximately RMB 4,068.8 million, a decrease of about RMB 366.8 million from approximately RMB 4,435.6 million as of December 31, 2023[74] Revenue Breakdown - Property management and operation services generated revenue of RMB 6,379,627 thousand, up 3.6% from RMB 6,158,647 thousand in the previous year[22] - Revenue from third-party sources increased by 5.6% to RMB 6,801.7 million, accounting for 97.6% of total revenue, while revenue from related parties decreased by 70.6% to RMB 167.8 million, representing 2.4% of total revenue[47] - Community living services revenue decreased by approximately RMB 30.8 million (approximately 6.5%) to RMB 443.0 million, primarily due to a reduction in space operation services[54] - Non-owner value-added services revenue fell by approximately RMB 230.2 million (approximately 61.0%) to RMB 146.9 million, attributed to a contraction in business volume amid a lack of significant improvement in the real estate sector[58] Operational Metrics - As of December 31, 2024, the total managed area reached approximately 291 million square meters, a year-on-year increase of about 7%[81] - The number of managed owner households increased to approximately 1.7 million, representing a year-on-year growth of about 8%[81] - The renewal rate improved by 4 percentage points to approximately 95%, with residential projects accounting for about 84% of the saturated income[81] - In 2024, the signing amount in core cities accounted for about 98%, an increase of approximately 6 percentage points year-on-year, with project density in single cities increasing by about 11% compared to 2022[82] - The community service business generated revenue of approximately RMB 220 million, a year-on-year increase of about 5%, accounting for about 50% of total community service income[83] Employee and Governance - The group employed 27,051 staff as of December 31, 2024, with total employee costs amounting to approximately RMB 2.739 billion for the year[94] - The company has established a comprehensive internal training program for employees to enhance their professional and service skills[96] - The audit committee, consisting of three independent non-executive directors, reviewed the financial reporting procedures and internal controls for the year ending December 31, 2024[99] - The company has adopted the corporate governance code and complied with all applicable provisions for the year ending December 31, 2024[98] Future Outlook - The company plans to invest over RMB 60 million in 541 projects in 2024, addressing owner issues and improving project collection rates by over 80%[81] - The company aims to enhance service quality and operational stability while focusing on core business areas and developing differentiated competitive advantages[86] - The company will continue to innovate and implement new technologies to improve efficiency and service quality, while streamlining management structures[86] - The company anticipates that the scale of new property management services for Zhangtai Service will not meet previous expectations due to slower project expansion and rising service costs[36]
融创服务(01516) - 2024 - 年度业绩