5i5j(SZ:000560)2025-04-09 11:50Financial Performance - The company's operating revenue for 2024 reached ¥12,536,094,465.65, representing a 3.67% increase compared to ¥12,091,732,831.61 in 2023[18]. - The net profit attributable to shareholders for 2024 was ¥73,412,261.43, a significant turnaround from a loss of ¥848,292,259.15 in 2023, marking an increase of 108.65%[18]. - The basic earnings per share for 2024 improved to ¥0.0312 from a loss of ¥0.3601 in 2023, reflecting an increase of 108.66%[18]. - The total assets of the company decreased by 6.61% to ¥30,236,585,301.17 at the end of 2024, down from ¥32,376,590,053.58 at the end of 2023[18]. - The net cash flow from operating activities for 2024 was ¥4,485,544,570.97, a decrease of 4.02% compared to ¥4,673,472,604.21 in 2023[18]. - The company reported a quarterly revenue of ¥3,773,795,252.05 in Q4 2024, contributing to a total annual revenue increase[23]. - The net profit attributable to shareholders in Q4 2024 was ¥64,925,647.37, showing a recovery from previous quarters[23]. - The company achieved a revenue of 12.54 billion yuan in the reporting period, representing a year-on-year growth of 3.7%[64]. - The net profit attributable to shareholders was 73.41 million yuan, marking a turnaround from a loss in the previous year[65]. - The total transaction value (GTV) for housing reached approximately 287.6 billion yuan, an increase of 1.2% year-on-year[67]. Market Trends - In 2024, China's GDP is projected to reach approximately 134.9 trillion yuan, with a year-on-year growth of 5.0%[29]. - The real estate market saw a decline in new residential sales area and value by 12.9% and 17.1% respectively, with a significant drop in average selling prices by 4.8%[31]. - In Q4 2024, the sales area and value of commercial housing increased by approximately 0.6% and 1.2% year-on-year, marking the first positive quarterly growth since 2022[32]. - The second-hand housing market in major cities showed a recovery, with transaction volumes in cities like Shenzhen and Beijing increasing by 60.4% and 13.0% respectively[33]. - The average price index for second-hand residential properties in 70 major cities decreased by 8.1% year-on-year as of December 2024[34]. - The total transaction area for second-hand homes in 35 monitored cities reached approximately 230 million square meters, a 4.5% increase from 2023, while new home sales dropped by about 24%[34]. - The company anticipates a shift in the second-hand housing market from "increased volume and falling prices" in 2024 to "increased volume and stable prices" in 2025[36]. - The domestic existing housing market transaction scale is expected to reach approximately 7-8 trillion yuan in 2024, with projections to exceed 10 trillion yuan by 2030, surpassing the new housing market transaction scale[37]. Government Policies - The government has implemented over 760 real estate policy adjustments in 2024, indicating a highly accommodative policy environment aimed at stabilizing the market[45]. - The People's Bank of China lowered the LPR for loans over five years by 25 basis points in February 2024, signaling a commitment to support the real estate market and reduce borrowing costs[46]. - The government has implemented a series of real estate financial policies aimed at boosting market confidence and stabilizing the industry, including lowering the minimum down payment ratio for second homes from 25% to 15%[49]. - In November, tax policies were adjusted to support housing demand, increasing the tax incentives for housing transactions and lowering the pre-collection rate for land value-added tax, which helps alleviate financial pressure on real estate companies[50][51]. Digital Transformation - The company has achieved a monthly active user (MAU) of 3.47 million on its app, a year-on-year increase of 10%, and 2.13 million on its mini-program, a year-on-year increase of 1%[58]. - The company generated over 5.1 million online business opportunities through its digital platform, representing a significant year-on-year growth of approximately 142%[58]. - The company is leveraging digital infrastructure to optimize resource allocation and improve operational efficiency across its business segments[63]. - The company is focusing on enhancing its digital capabilities to improve operational efficiency and reduce costs[75]. - The company is focused on digital organization construction and smart upgrades to enhance customer experience and reduce client churn[119]. Corporate Governance - The company has established a performance evaluation and incentive mechanism for directors and senior management, following a transparent process for salary and performance assessments[144]. - The company has a dedicated investor relations management department, facilitating over 200 investor interactions and achieving a 100% response rate to investor inquiries[143]. - The company maintains independent operations from its controlling shareholders, ensuring no reliance on them for profits[147]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements[136]. - The board held 5 meetings during the reporting period, adhering to the company's articles of association and decision-making rules[136]. Employee Engagement and Training - The total number of employees at the end of the reporting period is 32,659, with 33,708 employees receiving compensation during the period[192]. - In 2024, 98% of employees registered on the "Star" learning platform, with an average daily active user count of 11,675 and an average daily usage time of 11 minutes[194]. - The company conducted 115 onboarding training sessions in 2024, covering 5,161 training instances with a completion rate of 80.44%[195]. - The company is focused on building a high-quality team of brokers through a digital and systematic training approach[195]. Cash Dividend Policy - The company has established a profit distribution policy that emphasizes cash dividends, with no cash dividends or stock bonuses proposed for the 2023 fiscal year[199]. - The company aims to enhance the transparency of its cash dividend policy and has a three-year shareholder dividend return plan for 2023-2025[198]. - The cash dividend amount is 10,128,653.66 CNY, representing 100% of the total profit distribution[200]. - The profit available for distribution to shareholders is 96,323,233.20 CNY[200]. - The cash dividend distribution plan complies with the company's articles of association and the three-year shareholder dividend return plan (2023-2025)[200].