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佳兆业美好(02168) - 2019 - 年度财报
KAISA PROSPERKAISA PROSPER(HK:02168)2020-04-27 12:09

Company Overview - Kaisa Prosperity Holdings ranked 12th in the National Comprehensive Strength among property service companies[2]. - The company manages 304 projects with a total gross floor area of 46.2 million sq.m.[2]. - Kaisa Prosperity Holdings serves approximately 240,000 property units across 42 cities in China[2]. - The company was recognized as one of the "Top 10 Listed Property Service Enterprises" in 2019[8]. - Kaisa Prosperity Holdings maintained its position as one of the "Top 100 Property Service Enterprises in China" in 2019[9]. Acquisitions and Market Expansion - In April 2019, Kaisa Property Management (Shenzhen) acquired 60% of Jiaxing Dashu Property Management for RMB 365.8 million to enhance its market presence in the Yangtze River Delta[7]. - In October 2019, Kaisa Property (Shenzhen) acquired 51% of Jiangsu Hengyuan Property Management for approximately RMB 341.6 million to expand its management portfolio in the Yangtze River Delta[19]. - The company completed the acquisition of 60% of Jiaxing Dashu Property Management Co., Ltd. and 51% of Jiangsu Hengyuan Property Management Co., Ltd. in 2019[24]. - The company expanded its managed building area by over 16.3 million square meters through equity acquisitions, enhancing its presence in the Yangtze River Delta region[24]. Financial Performance - The company's revenue for 2019 increased by approximately RMB 366.1 million to RMB 1,261.9 million, representing a growth of about 40.9% compared to 2018[23]. - Total revenue for the year ended December 31, 2019, increased by approximately 40.9% to approximately RMB 1,261.9 million from approximately RMB 895.8 million for the year ended December 31, 2018[37]. - Profit attributable to owners for the year ended December 31, 2019, was approximately RMB 163.9 million, an increase of 203.0% compared to RMB 54.1 million for the same period in 2018[37]. - The adjusted profit for the year was RMB 170.7 million, up 61.5% from RMB 105.7 million in 2018, with basic earnings per share increasing by approximately 134.0% to RMB 1.17[23]. - The property management service revenue was RMB 559.6 million, while pre-delivery and consulting service revenue reached RMB 467.5 million, marking a 31.5% increase year-on-year[26]. Revenue Breakdown - The company’s property management services generated total revenue of RMB 559.6 million, with residential communities contributing RMB 296.1 million (52.9%) and non-residential properties contributing RMB 263.5 million (47.1%) for the year ended December 31, 2019[48]. - Revenue from pre-delivery and consulting services was approximately RMB 467.5 million, accounting for 37.0% of total revenue, up 31.5% from RMB 355.6 million in 2018[53]. - Community value-added service revenue reached RMB 121.5 million, a significant increase of 48.7% compared to the previous year[30]. - Smart solutions service revenue was approximately RMB 113.4 million, reflecting a year-on-year growth of about 37.4%[29]. Operational Strategies - The company aims to enhance its competitive edge and market value by exploring new industry trends and adhering to government policies[32]. - The company is committed to maintaining service quality while expanding its management scale, emphasizing the integration of management scale and service quality for sustainable development[27]. - The company has a strong focus on smart city development and has actively engaged in municipal projects, positioning itself as a provider of intelligent solutions in property management[29]. Employee and Management - The company employed 8,137 staff as of December 31, 2019, an increase from 5,279 employees in the previous year[95]. - The management team includes experienced professionals with backgrounds in finance, engineering, and management, contributing to the company's operational efficiency[102][105]. - The company has been expanding its management team with individuals who have extensive experience in financial management and auditing[104][105]. - The company has established a training management system to enhance employee skills and career development, with annual training plans based on identified needs[148]. Environmental and Social Responsibility - The company emphasizes sustainability and governance in its operations, as outlined in its environmental, social, and governance (ESG) report[106]. - The company has established an ESG framework to manage environmental and social impacts effectively[114]. - The total greenhouse gas emissions of the company amounted to approximately 100,224 tons of CO2 equivalent, with about 98% originating from purchased electricity usage[132]. - The company planted a total of 1,767 trees, successfully reducing approximately 41 tons of CO2 emissions from its operations[132]. Governance and Compliance - The board of directors consists of 7 members, with approximately 71% male and 29% female representation, and a total workforce of 5,043 employees, with a gender ratio of 64% male and 36% female[145]. - The company has adopted corporate governance policies to enhance transparency and risk management, complying with all provisions of the corporate governance code[183]. - The board is responsible for assessing ESG-related risks and opportunities, ensuring effective risk management and internal controls[117]. - The company has implemented a written guideline for securities trading for employees who may possess inside information, adhering to the standards set forth in the listing rules[190].