Financial Performance - Total revenue for the year ended December 31, 2024, increased by approximately 15.9% to approximately RMB 868.9 million from RMB 749.6 million for the year ended December 31, 2023[2]. - Profit attributable to owners of the company rose by 209.6% to approximately RMB 87.0 million, compared to RMB 28.1 million for the previous year[2]. - Basic earnings per share increased by 204.0% to approximately RMB 15.08 from RMB 4.96 in the prior year[2]. - The company reported a total comprehensive income of RMB 88.640 million for the year ended December 31, 2024, compared to RMB 28.413 million in 2023[4]. - The group reported a pre-tax profit of RMB 36,172,000 for the year, a significant increase from RMB 11,781,000 in 2023[24]. - Net profit for the year was RMB 88.6 million, a significant increase of 212.0% from RMB 28.4 million in the previous year, driven by growth in managed area[86]. Revenue Breakdown - Revenue from property management services was RMB 570,548,000 in 2024, up from RMB 534,791,000 in 2023, indicating a growth of about 6.7%[20]. - Revenue from value-added services surged to RMB 203,863,000 in 2024, compared to RMB 115,852,000 in 2023, reflecting an increase of approximately 76%[20]. - Property management services generated revenue of RMB 570.5 million, accounting for 65.7% of total revenue, compared to RMB 534.8 million or 71.3% in 2023[80]. - Value-added services revenue reached 203.9 million RMB, a 76% increase year-on-year, with significant contributions from space resource management and home living services[67][68]. - Pre-delivery and consulting services revenue decreased by 53.8% to RMB 11.3 million, down from RMB 24.3 million in 2023[70][80]. Expenses and Liabilities - Administrative expenses increased to RMB 93.130 million from RMB 81.749 million in the previous year[3]. - The total income tax expense for the year was RMB 3,699,000, a decrease of 91% compared to RMB 40,831,000 in 2023[27]. - The group’s total liabilities related to property management services and consulting services were not disclosed but are critical for assessing financial health[22]. - The company’s total liabilities decreased slightly to RMB 249,630,000 in 2024 from RMB 245,298,000 in 2023, indicating a marginal reduction[35]. Assets and Investments - Non-current assets increased to RMB 240.884 million in 2024 from RMB 130.014 million in 2023, driven by investments in property and equipment[5]. - Total assets less current liabilities rose to RMB 628.366 million in 2024, compared to RMB 554.683 million in 2023[6]. - Total current assets reached RMB 1,039.8 million, a 10.0% increase from RMB 945.4 million as of December 31, 2023, mainly due to increased receivables[87]. Shareholder Returns - The board proposed a final dividend of HKD 0.0273 per share, with total dividends for 2024 amounting to approximately RMB 44.5 million[2]. - The company proposed a final dividend of HKD 0.0273 per share, totaling approximately HKD 16,190,000 (equivalent to RMB 14,952,000) for the year[33]. - The board proposed a final dividend of HKD 2.73 per share for the year ending December 31, 2024, compared to no dividend in 2023[115]. Corporate Governance and Compliance - The company is registered in the Cayman Islands and its shares are listed on the Hong Kong Stock Exchange since November 16, 2022, but trading has been suspended since that date[7]. - The consolidated financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) and presented in Renminbi (RMB), with amounts rounded to the nearest thousand RMB[9]. - The company has adhered to the corporate governance code and has not deviated from the standards set for directors' securities trading[119]. - The audit committee has reviewed the accounting principles and policies adopted by the group for the year ending December 31, 2024[122]. Strategic Initiatives - The company has implemented a quality growth strategy, ensuring project cooperation aligns with its evaluation model to maintain operational quality[58]. - The company plans to build a community service ecosystem through data-driven operations and cross-business growth strategies[77]. - The group aims to enhance operational efficiency and business scale through data-driven management and technological integration[74]. - The company is focused on developing value-added services related to community, business office, and urban management[113]. Employee and Operational Metrics - The group employed 2,166 employees as of December 31, 2024, an increase from 1,741 employees as of December 31, 2023[103]. - The company has expanded its property management services to cover 65 cities in China, serving over 300,000 households[54]. - The company signed new contracts covering an area of 14.274 million square meters in 2024, compared to 5.200 million square meters in 2023, marking a significant increase of 174.4%[59]. Market Position and Customer Base - The company has no major customers contributing over 10% of total revenue for the year, indicating a diversified customer base[20]. - The Central China region accounted for 56% of total revenue, with 322,176 thousand RMB generated from 21,084 thousand square meters managed area[62]. - Third-party projects contributed 59.1% of the managed area and 66.7% of the contracted area as of December 31, 2024[63].
鑫苑服务(01895) - 2024 - 年度业绩