Financial Performance - For the fiscal year ending December 31, 2024, the group's total revenue was approximately RMB 1,365.1 million, an increase of about RMB 51.8 million or approximately 3.9% compared to RMB 1,313.3 million in the same period of 2023[2] - The group's gross profit for the fiscal year ending December 31, 2024, was approximately RMB 349.6 million, an increase of about RMB 13.4 million or approximately 4.0% from RMB 336.2 million in 2023, with a gross profit margin of approximately 25.6%[2] - The group's profit after tax for the fiscal year ending December 31, 2024, was approximately RMB 86.6 million, a decrease of about RMB 27.5 million or approximately 24.1% from RMB 114.1 million in 2023, resulting in a net profit margin of approximately 6.3%[2] - Earnings per share attributable to equity shareholders for the fiscal year ending December 31, 2024, was RMB 9.71, down from RMB 13.91 in 2023[3] - The total comprehensive income for the year was RMB 86.5 million, down from RMB 118.5 million in 2023[3] Revenue Breakdown - The group's revenue from property management services for 2024 reached RMB 1,077,895 thousand, an increase of 9.1% compared to RMB 987,472 thousand in 2023[17] - Community value-added services generated revenue of RMB 241,491 thousand in 2024, a slight decrease of 0.7% from RMB 243,069 thousand in 2023[17] - Property management service revenue for the year ending December 31, 2024, is approximately RMB 1,077.9 million, an increase of about RMB 90.4 million or approximately 9.2% compared to RMB 987.5 million in the same period of 2023[70] - Community value-added service revenue reached approximately RMB 258.0 million, an increase of about RMB 4.5 million or approximately 1.8% compared to RMB 253.5 million in the same period of 2023[77] - Non-owner value-added service revenue decreased to approximately RMB 29.2 million, a reduction of about RMB 43.1 million or approximately 59.6% from RMB 72.3 million in 2023[78] Cost and Expenses - The group's administrative expenses increased to RMB 206.1 million in 2024 from RMB 186.6 million in 2023[3] - The group's finance costs rose to RMB 3.7 million in 2024 from RMB 1.4 million in 2023[3] - The sales cost increased from approximately RMB 977.1 million in 2023 to about RMB 1,015.5 million in 2024, representing an increase of approximately RMB 38.4 million or about 3.9%[85] - Total employee costs for the year amounted to approximately RMB 425.8 million, down from RMB 446.5 million in 2023, representing a decrease of about 4.8%[110] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 1,727,524 thousand, an increase from RMB 1,652,473 thousand in 2023, reflecting a growth of approximately 4.5%[4] - Non-current assets decreased slightly to RMB 720,143 thousand in 2024 from RMB 704,341 thousand in 2023, a decline of about 2.0%[4] - Current assets increased significantly to RMB 1,007,381 thousand in 2024, up from RMB 948,132 thousand in 2023, representing a growth of approximately 6.2%[4] - Current liabilities increased to RMB 890,924 thousand in 2024 from RMB 805,535 thousand in 2023, an increase of approximately 10.6%[4] - The company's net asset value as of December 31, 2024, was RMB 769,083 thousand, a decrease from RMB 777,306 thousand in 2023, reflecting a decline of about 1.5%[5] Operational Metrics - The total managed construction area as of December 31, 2024, was approximately 62.2 million square meters, an increase of about 6.4 million square meters or approximately 11.5% compared to 55.8 million square meters in 2023[2] - The total contracted construction area as of December 31, 2024, was approximately 70.2 million square meters, an increase of about 5.5 million square meters or approximately 8.5% from 64.7 million square meters in 2023[2] - The company managed 394 property service projects across 45 cities in 18 provinces and municipalities, with a total managed construction area of approximately 62.2 million square meters, an increase of about 6.4 million square meters or approximately 11.5% from 55.8 million square meters in 2023[59] - The total number of contracted projects reached 422, with a total contracted construction area of approximately 70.2 million square meters, an increase of about 5.5 million square meters or approximately 8.5% from 64.7 million square meters in 2023[59] Strategic Initiatives - The company has maintained its focus on property management services and related value-added services in China, indicating a strategic commitment to market expansion[6] - The company is focusing on enhancing service quality as a core competitive advantage to expand market share[62] - The company is actively exploring AI technology integration to improve service efficiency and optimize customer experience[64] - The group has implemented a national expansion strategy, leveraging its operational headquarters in Chengdu to strengthen its market position in the Southwest region[71] - The group has established a new collaborative development model by integrating internal resources with external partners for market expansion[71] Governance and Compliance - The board approved the financial statements for the year ended December 31, 2024, on March 28, 2025, ensuring compliance with international financial reporting standards[8] - The company has maintained high standards of corporate governance, adhering to all provisions of the corporate governance code as of December 31, 2024[112] - The audit committee has reviewed the annual performance and consolidated financial statements for the year ended December 31, 2024[115] Other Notable Information - The company did not declare a final dividend for the year ending December 31, 2024, consistent with the previous year[32] - The company has not engaged in any purchases, sales, or redemptions of its listed securities during the year ended December 31, 2024[114] - The company will suspend the registration of shareholders from May 27, 2025, to May 30, 2025, for the upcoming annual general meeting[118] - The annual report for the year ended December 31, 2024, will be sent to shareholders and made available on the company's website[122]
和泓服务(06093) - 2024 - 年度业绩