Financial Performance - The group's revenue for the year ended December 31, 2024, was approximately RMB 789 million, a decrease of about 15.3% compared to RMB 931 million in the same period last year[2]. - Property management services generated revenue of approximately RMB 671 million, accounting for about 85.1% of total revenue, down approximately 4.6% from RMB 703 million in the previous year[2]. - The gross profit was approximately RMB 68 million, a decrease of about 53.1% from RMB 145 million in the same period last year, with a gross margin of 8.6%, down approximately 7 percentage points from 15.6%[4]. - The net loss for the year was approximately RMB 319 million, an increase of about 136.3% compared to a loss of RMB 135 million in the previous year[4]. - Total comprehensive loss for the year amounted to RMB 319,353,000, compared to RMB 135,353,000 in the previous year, representing a significant increase in losses[6]. - Basic loss per share was RMB 0.831, compared to RMB 0.349 in the previous year, indicating a deterioration in per-share performance[6]. - The group's net loss for the year increased by approximately 136.3% to RMB 319 million in 2024, driven by expected credit loss model impairment and goodwill impairment losses[97]. Revenue Breakdown - Non-owner value-added services generated revenue of approximately RMB 24 million, accounting for about 3.0% of total revenue, down approximately 77.4% from RMB 106 million in the previous year[2]. - Community value-added services generated revenue of approximately RMB 68 million, accounting for about 8.6% of total revenue, down approximately 20.9% from RMB 86 million in the previous year[2]. - The revenue from apartment operation and management services was approximately RMB 26 million, accounting for about 3.3% of total revenue, down approximately 27.8% from RMB 36 million in the previous year[2]. - Revenue from non-owner value-added services dropped significantly by approximately 77.4%, from about RMB 106 million in 2023 to approximately RMB 24 million in 2024[85]. - Revenue from community value-added services decreased by approximately 20.9%, from about RMB 86 million in 2023 to approximately RMB 68 million in 2024[86]. - Revenue from apartment operation and management services declined by approximately 27.8%, from about RMB 36 million in 2023 to approximately RMB 26 million in 2024[86]. Assets and Liabilities - Total assets decreased to RMB 842,042,000 from RMB 1,087,827,000 year-over-year, reflecting a decline in overall asset value[7]. - Total liabilities decreased to RMB 551,234,000 from RMB 691,267,000, showing a reduction in the company's debt levels[7]. - The company’s total equity attributable to shareholders decreased to RMB 318,330,000 from RMB 134,233,000, indicating a decline in shareholder equity[6]. - The asset-liability ratio as of December 31, 2024, is reported at 106.6%, a significant increase from 75.6% on December 31, 2023[121]. Operational Metrics - The total contracted area under management as of December 31, 2024, was approximately 33.62 million square meters, with the area under management decreasing by about 4.8% from the previous year[4]. - The company provided property management services to over 230,000 households across 188 managed properties[57]. - The total managed construction area as of 2024 is approximately 28.62 million square meters, with a revenue of RMB 67,102.3 million, reflecting a year-on-year decline of 4.6%[64]. - The company exited 24 projects in 2024 due to underperformance, resulting in a reduction of approximately 2.75 million square meters in management scale[61]. Cost Management - The company's administrative expenses were RMB 89 million, compared to RMB 113 million in the previous year[5]. - The group's selling and service costs decreased from approximately RMB 786 million in 2023 to about RMB 721 million in 2024, a reduction of approximately 8.3%[87]. - Selling expenses increased from approximately RMB 24 million in 2023 to about RMB 26 million in 2024, an increase of approximately 8.3%[90]. - Administrative expenses decreased by approximately 21.2% from RMB 113 million in 2023 to RMB 89 million in 2024, mainly due to savings in personnel costs[91]. Strategic Initiatives - The company is committed to enhancing its ecological service matrix, focusing on home aging transformation and community new retail as innovative business areas[54]. - The company launched an "one-stop lifestyle service platform," enhancing customer engagement through innovative community value-added services[51]. - The company plans to strengthen its digital risk control system and optimize cost structures to reduce reliance on single customers[54]. - Future strategies include deepening digital capabilities and embracing AI technologies to enhance customer service systems and maintain market leadership[80]. Market Position and Recognition - The company ranked 22nd in the "2024 Top 100 Property Service Enterprises in China" based on comprehensive strength factors such as management scale and growth potential[56]. - The company is actively expanding into non-residential markets, enhancing brand value and customer satisfaction through diversified service offerings[58]. Corporate Governance - The Audit Committee was established on June 15, 2021, in accordance with Listing Rule 3.21 and Corporate Governance Code D.3.3, consisting of three independent non-executive directors[128]. - The auditor, Tianzhi CPA Limited, confirmed that the figures in the performance announcement align with the audited consolidated financial statements for the fiscal year 2024[130].
朗诗绿色生活(01965) - 2024 - 年度业绩