Financial Performance - For the fiscal year ending December 31, 2024, total revenue reached RMB 17.043 billion, representing a year-on-year growth of 15.4%[2] - The gross profit for the same period was RMB 5.609 billion, with a gross margin increase from 31.8% to 32.9%[2] - The profit attributable to shareholders was RMB 3.629 billion, reflecting a year-on-year increase of 23.9%[3] - The core net profit attributable to shareholders (non-HKFRS) was RMB 3.507 billion, up 20.1% year-on-year[3] - The earnings per share for the year was RMB 1.590, with core net profit per share at RMB 1.536[3] - The company reported other income of RMB 704.7 million, an increase from RMB 576.5 million in the previous year[5] - Total revenue for the year ended December 31, 2023, was RMB 17,042,658,000, compared to RMB 14,766,952,000 in 2022, representing a growth of approximately 15.4%[21] - The company reported a pre-tax profit of RMB 3,912,124,000 for the year ended December 31, 2023[21] - The group's revenue for the fiscal year ending December 31, 2024, was RMB 17,042.7 million, representing a 15.4% increase year-on-year, primarily due to the continuous expansion of management scale[76] Dividends - The proposed final dividend is RMB 0.643 per share, along with a special dividend of RMB 0.614 per share[4] - The board proposed a final dividend of RMB 0.643 per share, up 33.7% year-on-year, with an annual payout ratio increased by 5 percentage points to 60%[49] - The interim dividend declared for the current year is RMB 0.279 per share, compared to RMB 0.223 per share in the previous year, representing a 25.1% increase[37] - A special dividend of RMB 0.614 per share is also proposed for the year ending December 31, 2024, whereas there was no special dividend in the previous year[110] - The total dividend for the year ending December 31, 2024, amounts to RMB 2.111 per share, which includes interim dividends paid earlier in the year[110] Assets and Liabilities - Total non-current assets increased to RMB 12,651,798 thousand in 2024 from RMB 8,265,067 thousand in 2023, representing a growth of 53.5%[6] - Current assets decreased to RMB 16,256,337 thousand in 2024 from RMB 19,518,415 thousand in 2023, a decline of 16.5%[6] - Total liabilities increased to RMB 8,827,939 thousand in 2024 compared to RMB 8,339,707 thousand in 2023, reflecting a rise of 5.9%[6] - The net asset value increased to RMB 20,080,196 thousand in 2024 from RMB 19,443,775 thousand in 2023, an increase of 3.3%[6] - The company's cash and cash equivalents decreased to RMB 9,570,816 thousand in 2024 from RMB 11,580,159 thousand in 2023, a decrease of 17.3%[6] - Total equity increased to RMB 16,721,156 thousand in 2024 from RMB 16,036,050 thousand in 2023, showing an increase of 4.3%[7] - The company's total current liabilities rose to RMB 8,827,939 thousand in 2024 from RMB 8,339,707 thousand in 2023, indicating a growth of 5.9%[6] - The company's long-term debt decreased to RMB 2,279,382 thousand in 2024 from RMB 2,171,612 thousand in 2023, a decrease of 5.0%[7] Operational Highlights - The number of operational shopping centers increased to 118, with 27 office buildings in operation[3] - The company managed a total building area of 413 million square meters for property management services[3] - The company operates primarily in mainland China, focusing on commercial channels, property channels, and ecological circle businesses[9] - The company provided commercial operation services for 118 shopping center projects, with a total construction area of 12.7 million square meters[60] - The total managed area reached 413 million square meters, covering 173 cities nationwide[43] Market and Strategic Focus - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming fiscal year[6] - The company is advancing digital transformation and enhancing operational efficiency through the integration of seven core systems[45] - The company is committed to sustainable development, integrating ESG strategies into its business and management practices[48] - The company aims for stable growth, focusing on "internal growth + external growth" strategies to enhance performance and shareholder value[50] - The company plans to focus on high-end residential projects and expand urban space management services, accelerating transformation in urban space operations[50] Employee and Governance - The company employed 42,046 full-time employees as of December 31, 2024, an increase from 40,977 employees as of December 31, 2023[105] - The company has adhered to all applicable corporate governance codes as of December 31, 2024, ensuring high standards of governance[106] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial performance for the year ending December 31, 2024[109] Future Outlook - The company anticipates a complex and challenging domestic and international environment for the Chinese economy through 2025, but believes that proactive macro policies will drive economic improvement[50] - The long-term strategy includes creating a world-class enterprise and becoming the most influential light asset management company in China[51] - The company plans to continue expanding its property management services and enhance operational efficiency to drive future growth[63]
华润万象生活(01209) - 2024 - 年度业绩