Financial Performance - For the fiscal year ending December 31, 2024, the revenue was approximately RMB 1,779.0 million, an increase of about 4.1% compared to 2023[1] - The gross profit for the same period was approximately RMB 366.8 million, reflecting a growth of approximately 4.6% year-over-year[1] - The net profit for the fiscal year was approximately RMB 92.1 million, which is an increase of about 9.7% from the previous year[1] - Basic earnings per share for the year were approximately RMB 0.104, representing a growth of about 10.6% compared to 2023[1] - The total comprehensive income for the year was RMB 92.1 million, compared to RMB 83.9 million in 2023, reflecting an increase of about 9.6%[3] - The attributable profit to equity holders of the parent company was RMB 88.9 million, up from RMB 80.1 million, representing a growth of approximately 10.5%[3] - Adjusted pre-tax profit amounted to RMB 138,479,000, reflecting the company's operational efficiency[18] - The group's profit before tax for 2024 is RMB 1,403,834,000, compared to RMB 1,351,086,000 in 2023, reflecting a growth of about 3.9%[34] Dividends and Shareholder Returns - The board of directors proposed a final dividend of HKD 0.025 per share for the fiscal year ending December 31, 2024, unchanged from 2023[1] - The proposed final dividend for the year ending December 31, 2024, is HKD 0.025 per share, consistent with the previous year, with a total payout of approximately RMB 19,572,000[39] - The board recommends the final dividend to be paid on or around July 10, 2025, pending shareholder approval[96] Revenue Breakdown - Total revenue for the year ending December 31, 2024, reached RMB 1,778,998,000, with external sales contributing RMB 1,331,362,000 from property management services[18] - Revenue from property management services was RMB 1,331,362,000 in 2024, up from RMB 1,285,503,000 in 2023, reflecting a growth of 3.57%[28] - Revenue from cleaning services amounted to RMB 286,016,000 in 2024, compared to RMB 263,440,000 in 2023, indicating an increase of 8.56%[28] - The property management segment generated a profit of RMB 90,181,000, while the cleaning and greening segment contributed RMB 48,582,000[18] Expenses and Costs - Administrative expenses increased to RMB 206.5 million from RMB 192.3 million, marking an increase of about 7.3%[2] - Sales and service costs increased by approximately RMB 53.1 million or 3.9% to about RMB 1,412.2 million for the year ending December 31, 2024, primarily due to corresponding revenue growth[77] - The cost of services provided in 2024 is RMB 1,403,834,000, compared to RMB 1,351,086,000 in 2023, showing a rise of approximately 3.9%[34] Assets and Liabilities - Non-current assets totaled RMB 631,306,000 in 2024, a decrease of 5.93% from RMB 671,095,000 in 2023[4] - Current assets amounted to RMB 1,308,879,000 in 2024, down 6.26% from RMB 1,396,157,000 in 2023[4] - Total liabilities for current liabilities were RMB 803,007,000 in 2024, a reduction of 19.5% compared to RMB 997,448,000 in 2023[5] - The company's total liabilities decreased from RMB 1,470,962,000 in 2023 to RMB 1,034,545,000 in 2024, showing a reduction of approximately 29.7%[21] - The total liabilities under contracts decreased significantly from RMB 167,867,000 in 2023 to RMB 94,205,000 in 2024, a decrease of around 44%[50] Impairment and Provisions - The company recognized a net impairment loss on financial assets of RMB 41.1 million, down from RMB 58.7 million in the previous year, indicating a reduction of approximately 30%[2] - The provision for impairment losses on accounts receivable increased from RMB 93,940,000 in 2023 to RMB 114,400,000 in 2024, indicating a rise of about 22%[46] - Net impairment losses on financial assets decreased by approximately RMB 17.6 million to about RMB 41.1 million for the year ending December 31, 2024, mainly due to a reduction in trade receivables[82] Employee and Corporate Governance - The group has approximately 9,351 employees as of December 31, 2024, an increase from 8,521 employees in 2023[94] - The company has maintained compliance with all corporate governance rules except for the separation of the roles of Chairman and CEO, which are held by Mr. Liu Jian[101] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the group's annual performance up to December 31, 2024[102] Future Strategies and Market Position - The group aims to strengthen internal growth through existing customer relationships and is actively seeking suitable acquisition targets to enhance its portfolio and increase its geographical presence in China[58] - The group plans to strategically select markets for expansion, focusing on economically developed areas with higher GDP per capita[59] - The group intends to expand its customer portfolio by seeking established property owners' committees[68] Awards and Recognition - The group received multiple awards in 2024, including recognition as a AAA property service enterprise in Zhejiang Province and as an outstanding exhibitor at the Guangdong International Property Management Industry Expo[54][55] - The group has been recognized as a green low-carbon integrity enterprise, effective from November 26, 2024, to November 25, 2025[54]
中奥到家(01538) - 2024 - 年度业绩