Financial Performance - For the year ended December 31, 2024, the total revenue of Onewo Inc. was RMB 36,223.8 million, representing a year-on-year growth of 9.2%[3] - The revenue from the community space residential consumption service segment was RMB 20,907.5 million, an increase of 11.6% year-on-year[3] - The core net profit for the year was RMB 2,226.9 million, a decrease of 4.8% year-on-year, achieving the performance guidance[3] - The cash flow from operating activities for the year was RMB 1,918.8 million[3] - The earnings per share attributable to shareholders was RMB 0.98, down from RMB 1.66 in the previous year[7] - Total revenue for the year ended December 31, 2024, was RMB 36,223,828 thousand, an increase of 9.2% from RMB 33,183,458 thousand in 2023[19] - Revenue from community space living consumption services reached RMB 20,907,512 thousand, up 11.6% from RMB 18,738,439 thousand in 2023[19] - Revenue from business and urban space integrated services increased to RMB 12,295,550 thousand, a rise of 5.4% compared to RMB 11,664,410 thousand in 2023[19] - The total gross profit for the year ended December 31, 2024, was RMB 4,696.9 million, with a gross profit margin of 13.0%[71] - The gross profit margin for residential property services decreased to 12.4% in 2024 from 13.3% in 2023, primarily due to increased investments to enhance customer satisfaction[71] Revenue Breakdown - The revenue from AIoT and BPaaS solutions was RMB 3,020.8 million, reflecting a year-on-year growth of 8.6%[3] - Revenue from property and facility management services was RMB 9,970.8 million, showing a 20.1% increase compared to the previous year[70] - The revenue from BPaaS solutions was RMB 1,593.4 million, reflecting a year-on-year growth of 16.9%, and contributing 4.5% to total revenue[79] - Revenue from residential-related asset services decreased by 1.0% to RMB 1,346.7 million, accounting for 3.7% of total revenue[81] - The total revenue from cyclical business reached RMB 30,793.2 million, a year-on-year increase of 15.5%, accounting for 85.0% of total revenue[93] Costs and Expenses - Total costs for the year were RMB 31,526.9 million, an increase of 11.1% from RMB 28,371.7 million in 2023, primarily due to business scale growth[98] - The group's pre-tax profit for 2024 was impacted by service costs of RMB 30,299,428 thousand, up 10.0% from RMB 27,457,653 thousand in 2023[21] - The total income tax expense for 2024 was RMB 440,008 thousand, down 29.2% from RMB 621,992 thousand in 2023[23] Dividends and Shareholder Returns - The total dividend proposed for the year is RMB 1.900 per share, which includes an interim dividend and special dividend already paid[4] - The company approved a final dividend of RMB 0.777 per share for the year ended December 31, 2023, totaling RMB 913 million[24] - The board recommends a total dividend distribution of RMB 1.900 per share for the fiscal year ending December 31, 2024, based on 55% of core net profit and including a special dividend of RMB 0.855 per share[132] - The total dividend payout amounts to RMB 2,226.9 million, with RMB 661.0 million for interim dividends and RMB 540.8 million for special dividends already declared[132] Assets and Liabilities - The net asset value as of December 31, 2024, was RMB 17,159,751 thousand, down from RMB 18,220,241 thousand in 2023, representing a decrease of 5.8%[10] - Non-current liabilities totaled RMB 2,355,353 thousand as of December 31, 2024, a decrease of 5.0% from RMB 2,480,317 thousand in 2023[10] - The company reported a foreign exchange loss of RMB 2,742 thousand in 2024, contrasting with a gain of RMB 230 thousand in 2023[20] Operational Efficiency and Strategy - The company focuses on enhancing operational efficiency through the integration of residential properties within specific geographical areas[33] - The company anticipates that by 2025, the growth of core (non-developer) business will exceed the decline in related party business, marking a significant turning point[46] - The focus on asset management capabilities, AI application abilities, and green low-carbon capabilities will be crucial for the company's future development[46] - The company plans to enhance service offerings by focusing on "assets, intelligence, and low carbon" through process transformation and technology application from 2025 to 2027[88] Market Trends and Industry Insights - The property management industry is experiencing a shift from high certainty to uncertainty, impacting revenue growth and market dynamics[48] - In the first half of 2024, the overall revenue growth rate for leading listed property companies was less than 8%, significantly lower than the over 50% growth rate seen in mid-2021[48] - The integration of AI technologies, such as DeepSeek, is transforming the property management industry, enhancing service efficiency and management paradigms[50] Employee and Talent Development - The group has 102,441 employees as of December 31, 2024, with total employee costs of approximately RMB 11,892.7 million during the reporting period[118] - The company has allocated RMB 561.7 million for talent acquisition and development, with a focus on nurturing key personnel[116] - The company has established a professional certification system to enhance employee skills and ensure high-quality service delivery[120] Share Repurchase and Capital Management - The company has repurchased a total of 18,308,900 H-shares, representing 1.57% of the total share capital as of December 31, 2024, with a total expenditure of approximately HKD 385.72 million[124] - The board believes that the share repurchase reflects confidence in the company's business development and prospects, ultimately benefiting shareholders[124] Corporate Governance - The company has adopted the corporate governance code as per the listing rules, ensuring high standards of corporate governance[126] - The audit committee confirmed that the consolidated financial statements for the year ended December 31, 2024, comply with applicable accounting principles and standards[129]
万物云(02602) - 2024 - 年度业绩