Financial Performance - For the fiscal year 2024, the total revenue was approximately RMB 13,930.2 million, a decrease of about 3.9% compared to fiscal year 2023[2] - The gross profit for fiscal year 2024 was approximately RMB 2,284.9 million, an increase of about 49.8% from fiscal year 2023[2] - The net profit for fiscal year 2024 was approximately RMB 218.0 million, a decrease of about 24.1% compared to fiscal year 2023[2] - The total comprehensive income for the year was RMB 292.6 million, compared to RMB 309.8 million in the previous year[5] - Total revenue for the year ended December 31, 2024, was RMB 13,930,179, a decrease of 3.9% from RMB 14,490,232 in 2023[20] - Customer contract revenue for 2024 was RMB 13,807,905, down from RMB 14,379,520 in 2023, indicating a decrease of 4.0%[20] - The profit attributable to equity holders of the parent company for fiscal year 2024 was approximately RMB 19.9 million, a decrease of about 95.8% compared to fiscal year 2023[40] - The pre-tax profit for 2024 was RMB 1,249,282,000, a significant increase from RMB 451,207,000 in 2023[31] - The company reported a total tax expense of RMB 1,031,310,000 for 2024, compared to RMB 164,093,000 in 2023[31] Assets and Liabilities - As of December 31, 2024, the group's total asset-liability ratio and net debt ratio were approximately 67.2% and 29.2%, respectively, both maintained at reasonable levels[2] - The total non-current assets as of December 31, 2024, were approximately RMB 11,951.4 million, down from RMB 13,095.1 million in 2023[6] - Current liabilities increased to RMB 21,489.9 million in 2024 from RMB 28,732.8 million in 2023[7] - The net assets as of December 31, 2024, were approximately RMB 12,878.4 million, slightly down from RMB 12,955.2 million in 2023[7] - The company reported a total asset value of RMB 48,569,768 as of December 31, 2023, compared to RMB 39,262,740 in 2024[16] - Total liabilities increased to RMB 35,614,568 in 2024 from RMB 26,384,375 in 2023, marking a significant rise[16] - As of December 31, 2024, the company's total assets were approximately RMB 39,262.7 million, down from RMB 48,569.8 million as of December 31, 2023[109] - The company's total borrowings amounted to approximately RMB 6,542.8 million as of December 31, 2024, down from RMB 8,486.2 million as of December 31, 2023[110] Earnings Per Share - The basic and diluted earnings per share attributable to ordinary shareholders of the parent company for fiscal year 2024 were RMB 0.4 cents, down from RMB 8.5 cents in fiscal year 2023[4] - Basic earnings per share for the year were RMB 19,924,000, down from RMB 479,442,000 in 2023, with a weighted average of 5,635,809,800 shares outstanding[33] Segment Performance - Residential segment revenue was RMB 9,826,423, while the commercial segment generated RMB 4,103,756, contributing to the overall revenue[15] - The residential segment's profit was RMB 118,900, and the commercial segment reported a loss of RMB 1,130,382, resulting in a total segment profit of RMB 1,249,282[15] - In fiscal year 2024, the group's contracted sales area was approximately 353,329 square meters, a decrease of about 42.7% from 615,858 square meters in fiscal year 2023[84] - Contracted sales revenue for fiscal year 2024 was approximately RMB 5,868.5 million, down approximately 49.7% from RMB 11,669.3 million in fiscal year 2023[84] Operational Highlights - The company plans to adopt new and revised international financial reporting standards upon their effective date, with no significant impact expected on financial performance[11] - The company has not identified any single customer contributing over 10% of total revenue for the years ended December 31, 2024, and 2023[19] - The company incurred financial expenses totaling RMB 472,844,000 in 2024, down from RMB 705,769,000 in 2023[28] - The company recognized a loss of RMB 2,863,000 from the sale of subsidiaries in 2024, while no such loss was recorded in 2023[24] Projects and Developments - The "Yunzhichengli" project in Kunming achieved sales revenue of RMB 529.3 million with a sales area of 44,818 square meters, representing 90% of the project equity[45] - The "Xiu Lake He Yuan" project in Yiwu reported a sales revenue of RMB 2,513.9 million from a sales area of 60,438 square meters, achieving 90% project equity[45] - The "International Office Center A2" in Hangzhou generated RMB 2,866.1 million in sales revenue from 64,240 square meters, with a project equity of 66%[45] - The "Lung Ying Hui Jin Zuo" project in Hangzhou recorded sales revenue of RMB 375.6 million from a sales area of 16,623 square meters, achieving 59.4% project equity[45] - The "Nanjing Future City" project achieved sales revenue of RMB 383.0 million with a sales area of 61,680 square meters, representing 90% of the project equity[45] Business Strategy and Future Outlook - The group is expanding its business into commercial operations, smart property management services, and other sectors, including hotel management and leisure tourism[90] - The group aims to maintain sustainable development by diversifying its business and enhancing the interconnectivity of upstream and downstream real estate operations[95] - The group is optimistic about the overall economic and industry development in the Yangtze River Delta region, leveraging its long-term brand and business advantages[125] - The group anticipates that 2025 will be a critical year for the real estate industry, with a gradual release of market demand and stable development expected[124] Governance and Compliance - The group has adopted and complied with the corporate governance code as per the listing rules during the fiscal year 2024[129] - The company is committed to transparency in accordance with listing rules[134] - The board of directors includes five executive directors and three independent non-executive directors[134] - The chairman of the board is Mr. Shi Zhong'an[134] Miscellaneous - The company did not recommend the distribution of dividends for the fiscal year ending December 31, 2024[39] - The announcement date is March 27, 2025[134] - The report will be sent to shareholders at an appropriate time[134] - The annual report for fiscal year 2024 will be published on the Hong Kong Stock Exchange and the company's website[134]
众安集团(00672) - 2024 - 年度业绩