Financial Performance - The group's revenue for the year ended December 31, 2023, was approximately RMB 7.01 billion, a year-on-year decrease of about 1.6%; excluding non-owner value-added services, core business revenue grew by approximately 9.2%, accounting for about 94.6% of total revenue[2] - The group's gross profit was approximately RMB 1.67 billion, a year-on-year increase of about 4.0%; excluding non-owner value-added services, core business gross profit increased by approximately 5.2%, accounting for about 97.1% of total gross profit[2] - The loss attributable to the company's owners was approximately RMB 435 million, a year-on-year decrease of about 9.7%; core net profit attributable to the company's owners was approximately RMB 793 million, a year-on-year increase of about 3.0%[2] - The net cash flow generated from operating activities was approximately RMB 862 million, compared to a net cash outflow of approximately RMB 395 million in the same period last year; available funds amounted to approximately RMB 4.44 billion[2] - The total revenue for the year ended December 31, 2023, was RMB 7,009,517,000, slightly down from RMB 7,126,161,000 in 2022, representing a decrease of approximately 1.6%[18] - The company reported a net loss attributable to owners of the company of RMB (435,068,000) for the year ended December 31, 2023, compared to a net loss of RMB (481,902,000) in 2022, indicating an improvement of about 9.7%[23] - The company's total expenses for the year were RMB 6,888,967,000, down from RMB 7,906,953,000 in 2022, reflecting a decrease of about 12.8%[20] - The net loss for the year ended December 31, 2023, was approximately RMB 393.2 million, compared to a net loss of approximately RMB 462.4 million in the previous year[57] Assets and Liabilities - Non-current assets totaled approximately RMB 2.91 billion, a decrease from RMB 3.38 billion in the previous year[8] - Total assets amounted to approximately RMB 11.64 billion, down from RMB 12.49 billion in the previous year[8] - Total liabilities increased to approximately RMB 5.41 billion from RMB 4.72 billion in the previous year[9] - The company's equity attributable to owners decreased to approximately RMB 6.04 billion from RMB 7.60 billion in the previous year[8] - The carrying amount of goodwill as of December 31, 2023, is RMB 1,214.85 million, down from RMB 1,687.54 million at the beginning of the year, reflecting a goodwill impairment of approximately RMB 472.69 million[30] - The company's intangible assets as of December 31, 2023, were approximately RMB 1,601.3 million, a decrease of about RMB 501.1 million from RMB 2,102.4 million in the previous year[58] Revenue Breakdown - Revenue from property management and operation services was approximately RMB 6,158.6 million, an increase of about RMB 645.2 million (approximately 11.7%) compared to RMB 5,513.4 million in 2022[42] - The proportion of revenue from property management and operation services increased by 10.4 percentage points to approximately 87.8% due to an increase in managed building area[41] - Community living services revenue was approximately RMB 473.8 million, a decrease of about RMB 86.9 million (approximately 15.5%) from RMB 560.7 million in 2022[45] - Revenue from non-owner value-added services decreased significantly, contributing to the overall revenue decline[41] - The revenue from third-party sources increased by 10.2% to RMB 6,439.28 million, while revenue from related parties decreased by 55.6% to RMB 570.24 million[39] 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 per share for the year ending December 31, 2023, is RMB 0.143, totaling approximately RMB 437.13 million, an increase from RMB 418.79 million in 2022[25] - The total dividend paid in 2023 was approximately RMB 1,098.61 million, with a per share dividend of RMB 0.137 and HKD 0.235, compared to RMB 381.64 million in 2022 with a per share dividend of RMB 0.124[24] Operational Efficiency - The average revenue per employee increased by 47% to RMB 18,000 per person per month, despite a slight decline in overall revenue, while gross profit rose by 11% year-on-year[67] - The active user rate of the company's digital tools increased from 23% in 2022 to 44% in 2023, enhancing customer satisfaction and operational efficiency[66] - The group achieved a reduction in losses exceeding RMB 40 million through various operational initiatives, with an average price increase of over 20% across multiple projects[66] Strategic Focus - The company adjusted its business direction in early 2023, focusing on sustainable development and core cities, resulting in a year-on-year revenue decline[67] - The strategic focus will remain on core cities and large clients, with an emphasis on refining competitive strategies and improving process management[68] - The company anticipates significant growth opportunities in life services, with plans to replicate successful business models in densely populated cities[68] Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and has complied with all applicable provisions for the year ending December 31, 2023[77] - The audit committee consists of three independent non-executive directors, with Mr. Yao Ning serving as the chairman, who has professional accounting qualifications[78] - The audit committee has reviewed the accounting principles and practices adopted by the company and discussed matters related to audit, internal control, and risk management systems for the year ending December 31, 2023[79] - The company's auditor, PwC, has confirmed that the financial statements for the year ending December 31, 2023, are consistent with the audited consolidated financial statements[80]
融创服务(01516) - 2023 - 年度业绩