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康桥悦生活(02205) - 2024 - 中期业绩
KANGQIAO SERKANGQIAO SER(HK:02205)2024-08-28 12:09

Revenue and Profitability - For the six months ended June 30, 2024, revenue reached approximately RMB 487.3 million, an increase of 9.5% compared to the same period in 2023[2] - Property management service revenue was approximately RMB 335.0 million, accounting for 68.7% of total revenue, with an 18.5% increase year-on-year[2] - Profit for the period was approximately RMB 53.3 million, a decline of 10.4% year-on-year, with profit attributable to owners of the company at approximately RMB 42.8 million, down 15.8%[2] - The company reported a decrease in community value-added service revenue by 22.1% year-on-year, amounting to approximately RMB 57.9 million[2] - Revenue for the six months ended June 30, 2024, was RMB 487,273 thousand, a rise of 9.4% from RMB 444,939 thousand for the same period in 2023[12] - Property management services revenue reached RMB 335,036 thousand, up 18.5% from RMB 282,719 thousand in the previous year[12] - The net profit attributable to the owners of the company for the six months ended June 30, 2024, was RMB 42,811 thousand, down from RMB 50,858 thousand in 2023, a decrease of 15.8%[15] - Basic and diluted earnings per share for the period were RMB 0.061, compared to RMB 0.073 in the previous year, indicating a decline of 16.4%[15] Assets and Liabilities - Total assets amounted to approximately RMB 1,360.5 million as of June 30, 2024, compared to RMB 1,252.4 million as of December 31, 2023[5] - Total liabilities increased to RMB 593,964 thousand as of June 30, 2024, compared to RMB 488,551 thousand as of December 31, 2023, representing a growth of 21.6%[6] - Total equity and liabilities amounted to RMB 1,360,517 thousand as of June 30, 2024, up from RMB 1,252,376 thousand as of December 31, 2023, indicating an increase of 8.6%[6] - The company's trade receivables as of June 30, 2024, amounted to RMB 770,851,000, an increase of 13.8% from RMB 677,151,000 as of December 31, 2023[18] - The provision for trade receivables impairment increased to RMB 147,715,000 as of June 30, 2024, compared to RMB 132,940,000 as of December 31, 2023[18] - The company's current portion of trade and other receivables was RMB 786,248,000 as of June 30, 2024, up from RMB 695,798,000 as of December 31, 2023[22] - The total trade payables as of June 30, 2024, were RMB 93,031,000, an increase from RMB 84,385,000 as of December 31, 2023[21] Employee and Operational Costs - Employee benefits and labor costs increased to RMB 106,195 thousand, compared to RMB 95,883 thousand in the prior year, reflecting an increase of 11.7%[13] - As of June 30, 2024, the company had 2,108 employees, with employee benefit expenses amounting to RMB 106.2 million for the six months ended June 30, 2024[52] Dividends and Shareholder Returns - The company decided not to declare any interim dividend for the six months ended June 30, 2024[3] - The board of directors resolved not to declare any interim dividend for the six months ended June 30, 2024[46] Corporate Governance and Compliance - The company is committed to maintaining high standards of corporate governance and has adhered to applicable principles and codes during the reporting period[56] - The audit committee has been established according to corporate governance codes, consisting of one non-executive director and two independent non-executive directors[59] - The audit committee reviewed the unaudited interim consolidated results for the six months ended June 30, 2024, confirming compliance with applicable accounting principles and sufficient disclosure[59] Future Outlook and Strategic Plans - The company aims to enhance its product, organizational, operational, and brand capabilities in the second half of 2024, focusing on balanced development across its three main pillars: residential, non-residential, and urban services[28] - The company plans to use part of the net proceeds from its global offering for strategic investments and acquisitions, with 65% allocated for business expansion[53] Market Position and Recognition - The company was ranked 25th in the "Top 100 Property Service Companies in China" by the China Index Academy, improving its position by 2 places from 2023[25]