Financial Performance - The revenue for 2022 was approximately RMB 6,276.5 million, an increase of 33.5% compared to RMB 4,702.8 million in 2021[1]. - The gross profit for 2022 was approximately RMB 1,293.3 million, slightly down by 0.5% from RMB 1,299.9 million in 2021[1]. - The profit for 2022 was approximately RMB 575.9 million, a decrease of 16.8% from RMB 692.5 million in 2021, with profit attributable to owners of the company at approximately RMB 480.1 million, down 22.2% from RMB 617.0 million in 2021[1]. - The total comprehensive income for the year was RMB 575.9 million, down from RMB 692.5 million in 2021[6]. - Basic earnings per share for 2022 were RMB 0.2742, compared to RMB 0.3663 in 2021[8]. - The overall gross margin for 2022 was 20.6%, down from 27.6% in 2021, a decrease of 7.0 percentage points, mainly due to lower gross margins in property management and community value-added services[137]. - Profit before tax for the year ended December 31, 2022, was approximately RMB 741.0 million, a decrease of about 16.9% from approximately RMB 891.4 million in 2021[145]. - Net profit attributable to the owners of the company for 2022 was approximately RMB 480.1 million, down about 22.2% from approximately RMB 617.0 million in 2021[147]. Revenue Sources - The main source of revenue was property management services, contributing RMB 2,654,425 thousand, which accounted for a significant portion of total revenue[31]. - Revenue from customer contracts amounted to RMB 6,275,653 thousand for the year ended December 31, 2022, compared to RMB 4,701,850 thousand in 2021, indicating a growth of about 33.4%[28]. - Revenue from community value-added services reached RMB 1,099,484 thousand, while non-owner value-added services generated RMB 867,362 thousand[31]. - Revenue from property management services reached RMB 3,887,811 thousand in 2022, a significant increase from RMB 2,654,425 thousand in 2021, marking a growth of approximately 46.4%[100]. - Revenue from urban services reached approximately RMB 403.4 million for the year ended December 31, 2022, following the acquisition of Meizhong Environment in October 2021[129]. - Revenue from community value-added services was approximately RMB 1,020.1 million in 2022, a decrease of about 7.2% from RMB 1,099.5 million in 2021[102]. - Revenue from value-added services to non-owners increased by approximately 11.2% to RMB 964.4 million in 2022, up from RMB 867.4 million in 2021[111]. Assets and Liabilities - The total assets decreased to RMB 4,879.96 million in 2022 from RMB 5,328.64 million in 2021[12]. - The net asset value increased to RMB 4,832.65 million in 2022 from RMB 4,691.74 million in 2021[12]. - Trade receivables and notes receivable increased to RMB 1,771.7 million in 2022 from RMB 788.3 million in 2021[10]. - The company reported contract liabilities of RMB 669,185,000 as of December 31, 2022, up from RMB 597,347,000 in 2021, indicating a growth of about 12%[38]. - Trade payables rose to RMB 1,002,163,000 in 2022 from RMB 586,364,000 in 2021, representing an increase of approximately 71%[46]. - The company's liquidity ratio (current assets/current liabilities) was 1.6 as of December 31, 2022, down from 2.2 as of December 31, 2021[166]. Dividends - The board recommended a final dividend of HKD 0.074 per share for the year ended December 31, 2022, compared to HKD 0.1299 per share in 2021[1]. - The proposed final dividend for the year ended December 31, 2022, is HKD 0.0492 per share, amounting to HKD 86,062,000, a decrease from HKD 227,654,000 in 2021[54]. - The company declared an interim dividend of HKD 0.074 per share for 2022, totaling RMB 113,071,000, compared to no interim dividend in 2021[54]. Growth and Expansion - As of December 31, 2022, the contracted gross floor area for property management services was approximately 303.4 million square meters, an increase of about 12.0% from 270.8 million square meters as of December 31, 2021[1]. - The managed gross floor area reached approximately 210.0 million square meters, reflecting a growth of approximately 22.8% compared to the previous year[70]. - The company expanded its geographical presence to 116 cities in China, enhancing its market reach and operational scale[74]. - The company aims to enhance its service offerings through technology innovation and a "platform + ecosystem" development strategy[58]. - The company aims to expand its market share by diversifying its third-party market development efforts, targeting regional developers and local governments[85]. - Strategic acquisitions have been a key part of the company's growth, with a focus on increasing market share and expanding regional business scale[89]. Operational Efficiency - The company intends to invest further in technology and smart operations to improve service quality and operational efficiency, including the establishment of a centralized command center for remote monitoring and data analysis[122]. - The company will optimize its internal management systems, including ERP, financial, and HR systems, to enhance operational precision and efficiency[124]. - The company's administrative and selling expenses totaled approximately RMB 563.6 million in 2022, an increase of about 21.2% from approximately RMB 464.9 million in 2021, driven by an increase in personnel due to business growth[142]. Corporate Governance - The company has adhered to good corporate governance principles and complied with the corporate governance code as per the Hong Kong Stock Exchange listing rules for the year ended December 31, 2022[196]. - The audit committee held two meetings during the year ended December 31, 2022, to review the annual financial performance and interim financial results, ensuring compliance and risk management[199]. - The company has made arrangements for employees to confidentially report any misconduct related to financial reporting and internal controls[199].
永升服务(01995) - 2023 - 年度业绩