Dividends - The company declared an interim dividend of HKD 0.073 per share, amounting to RMB 54.75 million, compared to zero in 2022[7]. - The proposed final dividend per ordinary share is RMB 0.091, totaling RMB 74.23 million, down from RMB 97.695 million in 2022[7]. - The company plans to declare a final dividend of RMB 0.091 per share for the year ended December 31, 2023, down from RMB 0.12 per share in 2022[109]. Revenue and Growth - The company achieved a revenue of RMB 290.6 million from its life services segment, a decrease of 4.2% compared to the previous year[17]. - The company reported a total revenue of RMB 64.70 million from property management services, with a year-on-year growth of 32.5%[16]. - The group's revenue increased from RMB 1,138.9 million for the year ended December 31, 2022, to RMB 1,260.7 million for the year ended December 31, 2023, representing a growth of approximately 10.7%[55]. - The company's total revenue for the year ended December 31, 2023, reached RMB 1,260.7 million, an increase of 10.7% compared to RMB 1,138.9 million in the same period of 2022[108]. - Property management services generated revenue of RMB 647.0 million, accounting for 51.3% of total revenue, a 32.5% increase from RMB 488.3 million in 2022[108]. - The life service revenue decreased by 4.2% from approximately RMB 303.3 million to approximately RMB 290.6 million, accounting for 23.1% of the total revenue[56]. - The income from non-property related transactions rose to RMB 41.97 million, a 59.6% increase compared to the previous year, with the proportion of non-property related transactions increasing by 6.5 percentage points to 14.6%[54]. Profitability - The company's gross profit was RMB 440.2 million, a 2.1% increase from RMB 431.1 million in 2022[108]. - The net profit attributable to equity shareholders was RMB 214,967 thousand, compared to RMB 203,033 thousand in the previous year, marking a 5.4% increase[122]. - The pre-tax profit for 2023 was RMB 283,934,000, up from RMB 266,420,000 in 2022, reflecting a year-over-year increase of approximately 6.4%[169]. - The company's attributable profit to equity shareholders rose to RMB 214,967,000 in 2023, compared to RMB 203,033,000 in 2022, representing an increase of approximately 5.8%[171]. Expenses and Costs - Total sales costs increased by approximately RMB 112.7 million or 15.9% to RMB 820.5 million, outpacing revenue growth due to a higher contribution from property management services with lower gross margins[28]. - Administrative expenses rose to approximately RMB 168.5 million, an increase of about RMB 10.1 million or 6.4% from approximately RMB 158.4 million in the previous year, primarily due to ongoing information technology advancements[60]. - Sales expenses decreased by 63.9% to RMB 1.3 million, reflecting ongoing cost reduction efforts[32]. - The total employee costs for 2023 were RMB 371,933,000, down from RMB 411,618,000 in 2022, indicating a reduction of about 9.6%[164]. Market Presence and Strategy - The company established joint ventures with local government entities in Chengdu, enhancing its market presence and project portfolio[15]. - The company plans to continue focusing on market expansion and investment opportunities, particularly in first-tier and new first-tier cities in the Chengdu-Chongqing economic circle and East China region[43]. - The company aims to leverage the urbanization opportunities in Chengdu, which has a property management market stock exceeding 593 million square meters and a coverage rate of 72.7%[193]. - The company continues to focus on high-quality service and market expansion in key urban areas, enhancing regional competitiveness[179]. Employee and Operations - The total number of employees increased to approximately 4,309, with total employee costs amounting to RMB 371.9 million, down from RMB 411.6 million in the previous year[42]. - The company operates in 33 cities across 14 provinces in China, with a managed floor area of 32.258 million square meters, an increase of 11.9% year-on-year[176]. - The number of managed properties increased to 230, up 20.4% from 191 in 2022, while the managed floor area grew to 3,225.8 million square meters, an 11.9% increase[104]. Financial Condition - The company maintained a good financial condition as of December 31, 2023[66]. - Cash and cash equivalents rose to RMB 1,145,270 thousand from RMB 1,039,740 thousand, showing a growth of 10.1%[122]. - Total assets less current liabilities increased to RMB 1,315,741 thousand from RMB 1,250,926 thousand, indicating a growth of 5.2%[122]. Customer Satisfaction and Service Quality - The company achieved a customer satisfaction rate of nearly 90 points, reflecting strong performance in project delivery with nearly 37,000 new homes delivered across 40 projects[105]. - The company plans to deepen its collaboration with New Hope Group to explore various service solutions, including property management combined with catering and retail services[54].
新希望服务(03658) - 2023 - 年度业绩