Financial Performance - For the fiscal year ending December 31, 2024, the company's total revenue was approximately RMB 951.5 million, representing an increase of about 10.4% compared to RMB 862.2 million for the fiscal year ending December 31, 2023[3]. - The gross profit for the fiscal year ending December 31, 2024, was approximately RMB 143.2 million, an increase of about 21.4% from RMB 118.0 million for the previous year[4]. - The net profit for the fiscal year ending December 31, 2024, was approximately RMB 61.1 million, which is an increase of about 19.8% compared to RMB 51.0 million for the fiscal year ending December 31, 2023[4]. - The gross profit margin for the fiscal year ending December 31, 2024, was approximately 15.1%, up from 13.7% in the previous year, reflecting an increase of about 1.4%[4]. - Total customer contract revenue for the year ended December 31, 2024, was RMB 951.5 million, an increase of 10.3% from RMB 862.2 million in 2023[19]. - The group's profit for the year increased by approximately 19.8% from about RMB 51.0 million to about RMB 61.1 million for the respective periods[65]. Revenue Breakdown - Revenue from urban services reached RMB 594.3 million in 2024, up from RMB 524.9 million in 2023, reflecting a growth of 13.2%[19]. - Revenue from residential property management services increased to RMB 200.9 million in 2024, compared to RMB 184.2 million in 2023, marking a growth of 9.1%[19]. - Revenue from commercial property management services rose to RMB 153.1 million in 2024, slightly up from RMB 149.8 million in 2023, indicating a growth of 2.5%[19]. - The public property management services segment generated RMB 327.7 million in revenue, accounting for 34.4% of total revenue in 2024, up from 30.2% in 2023[54]. - The urban sanitation services segment reported revenue of RMB 191.9 million, which is 20.2% of total revenue, slightly down from 21.7% in the previous year[54]. - The residential property management services segment achieved revenue of RMB 200.9 million, representing 21.1% of total revenue, compared to 21.3% in 2023[54]. - The commercial property management services segment generated RMB 153.1 million in revenue, accounting for 16.1% of total revenue, down from 17.4% in 2023[54]. Assets and Liabilities - The company reported a net asset value of approximately RMB 263.0 million as of December 31, 2024, compared to RMB 121.9 million in the previous year[8]. - The company’s total assets less current liabilities amounted to approximately RMB 266.6 million as of December 31, 2024, compared to RMB 139.5 million in the previous year[7]. - The company’s total assets as of December 31, 2024, were RMB 252,674,000, a decrease from RMB 262,307,000 in 2023, reflecting a decline of 3.5%[33]. - As of December 31, 2024, the company's trade payables amounted to RMB 157,456,000, an increase of 32.1% from RMB 119,126,000 in 2023[36]. - The company’s financial liabilities measured at amortized cost increased to RMB 491,824,000 in 2024 from RMB 460,130,000 in 2023[36]. Employee and Operational Metrics - Employee costs rose to RMB 527,542,000 in 2024 from RMB 490,075,000 in 2023, reflecting a growth of 7.6%[24]. - The company had 7,833 full-time employees as of December 31, 2024, compared to 7,730 employees as of December 31, 2023[91]. - The total number of projects managed by the company increased to 169 in 2024, up from 148 in 2023, with a total managed area of approximately 17.3 million square meters[45]. Research and Development - The company’s research and development costs increased to RMB 469,000 from RMB 191,000 in the previous year, indicating a focus on innovation[6]. Dividends and Shareholder Information - The company did not recommend the payment of a final dividend for the fiscal year ending December 31, 2024[5]. - The board does not recommend the distribution of a final dividend for the year ending December 31, 2024[97]. - The company has not declared or paid any dividends during the year, consistent with 2023[41]. Future Plans and Strategy - The group plans to expand through mergers, joint ventures, and project development to enhance market share and brand influence in 2025[52]. - The group aims to optimize customer experience and improve service standardization in the upcoming year[52]. - The group will focus on cultivating a talented workforce and enhancing brand image through high-quality services and social responsibility initiatives in 2025[53]. Compliance and Governance - The financial statements are prepared based on historical cost and comply with applicable International Financial Reporting Standards[12][13]. - The audit committee has reviewed the consolidated annual performance for the year ending December 31, 2024, and confirms compliance with applicable accounting standards and regulations[99]. - The company has adopted corporate governance codes and has complied with all applicable provisions since the listing date[94]. Miscellaneous - The company is registered in China and was established on December 5, 2000, transitioning to a joint-stock company on December 29, 2020[107]. - The company's H shares will commence trading on the main board of the stock exchange on July 3, 2024[108]. - There have been no significant events affecting the company after December 31, 2024, up to the date of this announcement[98].
经发物业(01354) - 2024 - 年度业绩