Financial Performance - The Group's property management business revenue increased from approximately RMB1,252.3 million in 2020 to approximately RMB1,332.1 million in 2021, representing a growth of 6.4%[13]. - The profit attributable to owners of the parent for 2021 was RMB106.3 million, a decrease of 19.2% compared to RMB131.5 million in 2020, primarily due to reduced revenue from the real estate agency business[13]. - Revenue for the year ended December 31, 2021, was RMB 1,873.5 million, representing a 6.9% increase from RMB 1,752.3 million in 2020[42]. - Gross profit decreased by 2.0% to RMB 432.7 million, with a gross profit margin of 23.1%, down from 25.2% in the previous year[42]. - The Group's net profit margin decreased to 7.0%, down from 8.6% in 2020, reflecting a 1.6 percentage point decline[42]. - The Group's revenue from real estate agency services decreased by approximately RMB 72.4 million, while other businesses saw an increase of approximately RMB 47.7 million[121]. Dividends - The Group plans to pay a final dividend of HK2.50 cents per share for the year ended 31 December 2021, totaling approximately HK$21.3 million[14]. - The board proposed a final dividend of HKD 0.025 per share for the year ended December 31, 2021, down from HKD 0.030 per share in 2020, with a total dividend payout of approximately HKD 21.3 million[17]. - The final dividend per share for 2021 was HK$0.025, a decrease of 16.7% from HK$0.030 in 2020[42]. Business Expansion and Strategy - The Group aims to expand its business scope in China through acquisitions of property management companies and other value-adding service companies[32]. - The company plans to penetrate into first-hand and second-hand agency services while advancing the downstream sector by acquiring firms specialized in living value-adding services[33]. - The Group aims to continue expanding its business and improving service quality to enhance shareholder returns in the long term[39]. - The Group aims to enhance profitability through the acquisition of a 49% stake in Guangdong Huari Environmental Engineering Co., which is expected to provide synergistic effects and value-added cleaning services[73]. - The Group continues to identify suitable acquisition targets to strengthen its portfolio and expand its geographic presence across China[80]. Awards and Recognition - The Group received several awards in 2021, including recognition from the Guangzhou City Property Management Industry Association[15]. - The group received multiple awards in 2021, including recognition as one of the Top 100 Property Management Service Providers in China and various local awards for excellence in property management[20][24][30]. - The Group has received multiple awards, including recognition as a comprehensive strength enterprise in property services in Guangdong Province for 2021[74]. Operational Metrics - As of December 31, 2021, the group managed a total of 637 residential and non-residential properties with an aggregate contracted Gross Floor Area (GFA) of 72.3 million square meters, remaining stable compared to 72.0 million square meters in 2020[31]. - The delivered GFA in 2021 was 66.1 million square meters, similar to 65.6 million square meters as of December 31, 2020[31]. - The number of properties managed by the Group increased from 613 at the beginning of the year to 637 at the end of the year, with new engagements totaling 3,522[103]. - The total GFA managed by the Group at the end of 2021 was 72,283 sq.m., up from 72,014 sq.m. at the end of 2020[103]. Financial Position - As of December 31, 2021, the Group's net working capital was approximately RMB 306.0 million, an increase of RMB 206.8 million from RMB 99.2 million as of December 31, 2020[171]. - The current ratio as of December 31, 2021, was 1.3 times, compared to 1.1 times in 2020[171]. - The Group's net cash position amounted to RMB 318.7 million as of December 31, 2021, up from RMB 251.8 million in 2020, indicating a strong financial position[180]. Employee Metrics - The Group's employee count decreased to approximately 7,528 as of December 31, 2021, down from 9,735 in 2020[185]. - The Group has implemented a stock option plan since April 2015 and a share incentive plan since June 2017 to retain elite talent and reward contributions[189]. Challenges and Risks - The prolonged Covid-19 epidemic and the impact of the real estate market in China affected the Group's performance in 2021[13]. - The Group continues to monitor foreign currency exchange exposure and will take measures to minimize currency translation risk[177].
中奥到家(01538) - 2021 - 年度财报