Revenue and Profitability - The group's revenue reached RMB 709.0 million, an increase of 18.2% compared to RMB 599.8 million in the same period of 2023[1] - Profit attributable to equity shareholders was RMB 118.1 million, a growth of 7.9% from RMB 109.5 million in 2023[2] - The total revenue for the six months ended June 30, 2024, was RMB 709,018 thousand, an increase of 18.3% compared to RMB 599,785 thousand for the same period in 2023[10] - The group reported a profit before tax of RMB 152,938 thousand for the six months ended June 30, 2024, up from RMB 142,209 thousand in the same period of 2023, indicating a growth of 7.4%[13] - Net profit attributable to shareholders was RMB 118.1 million, a 7.9% increase year-on-year[27] Revenue Breakdown - Property management services generated revenue of RMB 405.6 million, accounting for 57.2% of total revenue, up 27.7% from RMB 317.7 million in 2023[1] - The group’s revenue from life services was RMB 170,448 thousand, an increase of 26.1% from RMB 135,167 thousand in the previous year[13] - The group’s revenue from commercial operation services was RMB 65,230 thousand, a decrease of 10.1% from RMB 72,526 thousand in the previous year[13] - The group’s revenue from non-owner value-added services was RMB 67,706 thousand, a decrease of 8.9% from RMB 74,346 thousand in the previous year[13] - Revenue from Chengdu, Kunming, and Wenzhou accounted for 62.7% of total revenue during the reporting period[27] Growth and Expansion - The number of projects under management increased to 244, with a managed area of approximately 35.4 million square meters, a growth of about 21.8% compared to 2023[2] - The number of signed projects increased to 264, with a signed area of 40.5 million square meters, reflecting a growth of approximately 6.8% compared to 2023[2] - The total managed area increased by 21.9% to 3,542.9 million square meters as of June 30, 2024, compared to 2,907.6 million square meters in the same period of 2023[39] - The company achieved a total contract signing amount of RMB 353 million in the first half of 2024, exceeding the annual target of RMB 300 million, representing a 227% increase year-on-year[28] - The company plans to continue expanding its market presence in key urban areas, particularly in the Chengdu-Chongqing area and the East China region[78] Financial Position - The net assets of the company amounted to RMB 1,310.8 million as of June 30, 2024, compared to RMB 1,256.7 million as of December 31, 2023[6] - The total assets less current liabilities were RMB 1,342.3 million, an increase from RMB 1,315.7 million in the previous period[5] - The current ratio remained stable at 2.4 times as of June 30, 2024, with no interest-bearing debt outstanding[71] - Trade receivables increased by approximately RMB 178.8 million or 56.3% to RMB 496.4 million as of June 30, 2024, driven by business growth and an increase in managed floor area[67] Expenses and Costs - Employee costs totaled RMB 164,051 thousand for the six months ended June 30, 2024, slightly up from RMB 162,972 thousand in the same period of 2023[15] - The company's total sales cost for the six months ended June 30, 2024, was approximately RMB 476.7 million, an increase of about RMB 103.1 million or 27.6% compared to RMB 373.6 million for the same period in 2023[55] - Administrative expenses decreased by approximately RMB 12.2 million or 14.9% to RMB 69.3 million for the six months ended June 30, 2024, due to ongoing operational efficiency improvements[60] Dividends and Shareholder Returns - The company proposed an interim dividend of HKD 0.090 per share, up from HKD 0.073 per share in the same period of 2023[2] - The company declared an interim dividend of HKD 0.090 per share for the six months ending June 30, 2024, compared to HKD 0.073 per share for the same period in 2023[76] Corporate Governance - The company has committed to maintaining high standards of corporate governance and has complied with all relevant codes during the reporting period[81] - The board of directors consists of executive directors Mr. Liu Xu and Ms. Chen Jing, non-executive directors Mr. Jiang Mengjun (Chairman), Ms. Wu Min (Co-Chair), Ms. Li Wei, and Ms. Zhang Wei, as well as independent non-executive directors Mr. Cao Qilin, Mr. Jiang Zhiwu, and Mr. Li Zhengguo[86] - The company is led by a diverse board with a mix of executive, non-executive, and independent directors, ensuring a range of perspectives in decision-making[86] Strategic Initiatives - The company established strategic partnerships and joint ventures, including a collaboration with Chengdu Economic Development Zone Investment Co., Ltd., resulting in a contract amount of RMB 66.93 million in 2024[28] - The company has focused on expanding its market presence in high-energy cities in the Southwest and East China regions, enhancing its competitive edge[33] - The company has implemented organizational restructuring and system enhancements to improve its market expansion capabilities[38]
新希望服务(03658) - 2024 - 中期业绩