Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 351,133,000, representing a 9.82% increase from RMB 319,735,000 in 2022[4] - Gross profit for the same period was RMB 118,814,000, up 2.13% from RMB 116,338,000 in the previous year[4] - Net profit for the year decreased by 2.97% to RMB 49,424,000 compared to RMB 50,935,000 in 2022[4] - The company reported a total comprehensive income of RMB 49,424,000 for the year, consistent with the net profit figure[5] - The company reported a pre-tax profit of RMB 226,481,000 for 2023, up from RMB 177,169,000 in 2022, representing a growth of 28%[1] - Profit attributable to equity holders of the parent decreased by about 3% to approximately RMB 49.3 million, with basic and diluted earnings per share of RMB 11.2 cents, down from RMB 13.4 cents in 2022[93] - The net profit for the group was approximately RMB 494 million, a decrease of 2.9% compared to RMB 509 million in the same period of 2022, with a net profit margin of 14.1%, down from 15.9%[120] Revenue Breakdown - Property management services generated revenue of RMB 261,200,000 for the year ended December 31, 2023, compared to RMB 223,593,000 in 2022, reflecting a year-on-year increase of about 16.9%[31] - Revenue from value-added services primarily targeting real estate developers was RMB 58,069,000 in 2023, a slight decrease from RMB 60,729,000 in 2022[57] - Community value-added services generated revenue of RMB 31,864,000 in 2023, compared to RMB 35,413,000 in 2022, showing a decline of around 10.0%[31] - Property management services accounted for 74.4% of total revenue, generating RMB 261.2 million, up from RMB 223.6 million in 2022, which is a growth of approximately 16.9%[101] Assets and Liabilities - Total assets as of December 31, 2023, reached RMB 410,085,000, a significant increase of 107.08% from RMB 198,032,000 in 2022[4] - Net assets increased by 194.59% to RMB 274,756,000 from RMB 93,266,000 in the previous year[4] - The company’s total current assets increased to RMB 402,382,000, compared to RMB 191,120,000 in 2022[6] - Current liabilities rose to RMB 135,329,000 from RMB 104,766,000 in the previous year, indicating a need for careful management of short-term obligations[6] - Accounts receivable totaled RMB 116,534,000 in 2023, an increase from RMB 89,397,000 in 2022, indicating a rise in outstanding payments[39] - Accounts receivable and prepayments increased by approximately 25.0% to RMB 170.3 million, primarily due to an increase in managed projects and slower collection speed influenced by the domestic economic environment[94] Operational Highlights - The company has expanded its managed properties to 113 buildings with a total area of 16,427,000 square meters in 2023, compared to 95 buildings covering 12,832,000 square meters in 2022[45] - The company managed a total of 138 contract projects with a total area of approximately 20.8 million square meters across 19 cities and seven provinces in China as of December 31, 2023[96] - The company has approximately 34 ongoing or planned property development projects in China, with a total construction area of about 6.6 million square meters[71] - The company is focusing on non-residential property management services, including commercial buildings and public facilities, to diversify its service offerings[81] - The company has initiated the systematic advancement of smart systems and AI robots in its managed projects to enhance service efficiency[73] Employee and Administrative Costs - Employee costs totaled approximately RMB 1,986 million, an increase of about RMB 454 million or 29.6% compared to RMB 1,532 million in 2022[143] - Administrative expenses were approximately RMB 495 million, a slight increase of 4.0% compared to RMB 476 million in the same period of 2022, with an administrative expense ratio of 14.1%[145] Dividends and Shareholder Information - The company declared a final dividend of RMB 2.45 per share for 2023, compared to no dividend in 2022[36] - The proposed final dividend is RMB 0.0245 per share, subject to shareholder approval at the annual general meeting on June 6, 2024[129] Compliance and Governance - The audit committee, composed entirely of independent non-executive directors, has reviewed the interim financial information and confirmed the effectiveness of the risk management and internal control systems[162] - The company maintains the public float as required by the listing rules, ensuring compliance with regulatory standards[159] Government Support - Government subsidies are recognized in profit or loss upon receipt, with no unmet conditions or contingencies associated with these subsidies[33] - The company received government subsidies amounting to RMB 3,377,000 in 2023, significantly higher than RMB 928,000 in 2022[60]
众安智慧生活(02271) - 2023 - 年度业绩