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融创服务(01516) - 2023 - 年度财报
01516SUNAC SERVICES(01516)2024-04-29 14:28

Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 7,009,517, a decrease from RMB 7,126,161 in 2022[9] - Gross profit for the same period was RMB 1,667,860, compared to RMB 1,604,439 in the previous year[9] - The company reported a net loss of RMB 393,183 for the year, an improvement from a loss of RMB 462,396 in 2022[9] - Basic loss per share for the year was RMB (0.14), an improvement from RMB (0.16) in 2022[9] - The company declared a dividend of RMB 0.143 per share, up from RMB 0.137 in the previous year[9] - The net loss attributable to the company was approximately RMB 435 million, but the core net profit, excluding certain impairments, was approximately RMB 793 million, representing a year-on-year increase of about 3%[12] - The gross profit of the rental and sales business increased by 11% year-on-year, with per capita efficiency rising by 47% to RMB 18,000 per person per month[14] - The company reported a revenue of approximately RMB 7,009.5 million for the year ended December 31, 2023, a decrease of about RMB 116.7 million (approximately 1.6%) compared to RMB 7,126.2 million for the year ended December 31, 2022[17] - Revenue from third-party services increased to RMB 6,439.3 million, accounting for 91.9% of total revenue, while revenue from related parties decreased by 55.6% to RMB 570.2 million, representing 8.1% of total revenue[18] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 11,644,829, down from RMB 12,493,457 in 2022[10] - Total equity decreased to RMB 6,237,506 from RMB 7,769,029 in the previous year[10] - Total liabilities increased to RMB 5,407,323, compared to RMB 4,724,428 in 2022[10] - The net carrying amount of trade and other receivables as of December 31, 2023, was approximately RMB 4,317.6 million, a decrease of about RMB 51.0 million from RMB 4,368.6 million as of December 31, 2022[37] - The total available funds as of December 31, 2023, were approximately RMB 4,435.6 million, a decrease of about RMB 275.3 million from RMB 4,710.9 million as of December 31, 2022[39] - The trade and other payables as of December 31, 2023, were approximately RMB 3,036.9 million, an increase of about RMB 296.2 million from RMB 2,740.7 million as of December 31, 2022[38] - The company’s equity attributable to owners decreased from RMB 7,603,703 thousand in 2022 to RMB 6,035,024 thousand in 2023, a decline of about 20.7%[172] Cash Flow - The net cash flow from operating activities was approximately RMB 862 million, covering core net profit by about 1.1 times[12] - For the year ended December 31, 2023, the group reported a net cash inflow from operating activities of approximately RMB 862.2 million, compared to a net outflow of RMB 394.8 million for the previous year[41] - The group experienced a net cash inflow from investing activities of approximately RMB 368.4 million, a significant improvement from a net outflow of RMB 519.3 million in the prior year[41] - The net cash used in financing activities was RMB (1,129,988) thousand, compared to RMB (519,702) thousand in the previous year[179] - The net increase in cash and cash equivalents was RMB 100,606 thousand, a significant recovery from a decrease of RMB (1,433,813) thousand in the prior year[179] Business Strategy and Operations - The company aims to enhance its position in the property management and commercial operational services sectors[4] - The service philosophy of "commitment to excellence and beauty" continues to guide the company's operations and customer service strategies[4] - The company aims to focus on core cities and large clients, enhancing competitive strategies and process management to improve business opportunities and conversion rates[16] - In 2024, the company plans to continue its pragmatic approach to ensure stable returns for shareholders while pursuing sustainable development[16] - The company is committed to improving service quality and focusing on core products and cities, leading to a strategic contraction of non-core business developments[25] Governance and Compliance - The company has established various committees, including ESG and remuneration committees, to ensure effective governance and strategic oversight[47] - The company has adopted a corporate governance code in compliance with the listing rules, ensuring all applicable provisions are followed as of December 31, 2023[54] - The board emphasizes the importance of good corporate governance and has implemented practices to enhance transparency and accountability[54] - The company has established an internal reporting system to monitor operational and business development conditions[54] - The audit committee has been tasked with reviewing and monitoring compliance with legal and regulatory requirements[54] Risk Management - The company has established a clear internal audit and control system to enhance governance and risk management[81] - The risk management framework includes regular audits and assessments to identify and mitigate potential business risks[83] - The board is committed to maintaining and upgrading the risk management and internal control systems to align with the company's strategic goals[80] - The group has implemented measures to monitor overdue debts and ensure adequate provisions for impairment losses on receivables[195] Shareholder Information - The company plans to maintain a cash dividend of 55% of core net profit, with a dividend per share of RMB 0.143, resulting in a dividend yield of approximately 8%[12] - The proposed final dividend for the year ending December 31, 2023, is RMB 0.143 per share, totaling approximately RMB 437 million[96] - The company has established a shareholder communication policy to enhance investor relations and ensure timely and accurate information disclosure[88] - The board confirmed that there were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the fiscal year ending December 31, 2023[91] Employee and Management - The employee cost for the year ended December 31, 2023, was approximately RMB 2.73 billion[146] - The company employed 26,795 employees as of December 31, 2023[146] - The company has adopted a share incentive plan on June 11, 2021, to enhance employee motivation[146] - The board believes that the company has complied with the corporate governance code during the year ended December 31, 2023[141] Environmental and Social Responsibility - The company is committed to long-term sustainability and has implemented relevant environmental protection measures[143] - The group made charitable donations of approximately RMB 649,629 for the year ended December 31, 2023, compared to RMB 1,428,500 in 2022[148]