Financial Performance - The total comprehensive income attributable to equity holders of the company for the year ended December 31, 2023, was RMB 28,126 thousand, compared to a loss of RMB 334,265 thousand in the previous year[1]. - Basic and diluted earnings per share for the year ended December 31, 2023, were RMB 4.96, compared to a loss of RMB 58.90 in 2022[2]. - The company reported a net profit for the year of RMB 28.4 million, significantly improving from a loss of RMB 334.3 million last year, with profit attributable to shareholders amounting to RMB 28.1 million, resulting in a basic earnings per share of RMB 4.96[194]. Assets and Liabilities - The total current assets as of December 31, 2023, amounted to RMB 945,419 thousand, an increase from RMB 901,222 thousand in 2022[4]. - The total liabilities decreased slightly to RMB 520,750 thousand in 2023 from RMB 508,728 thousand in 2022, indicating a stable financial position[4]. - As of December 31, 2023, total assets reached RMB 541.726 million, an increase from RMB 513.313 million[22]. - The total non-current assets as of December 31, 2023, were RMB 130,014 thousand, slightly down from RMB 130,481 thousand in 2022[5]. - The company’s total liabilities decreased from RMB 263,801,000 in 2022 to RMB 135,046,000 in 2023 due to repayment of bank loans[124]. Revenue and Expenses - The group achieved a revenue of approximately RMB 749.6 million for the year ended December 31, 2023, representing a year-on-year increase of about 9.2% from RMB 686.5 million in 2022[187]. - Property management services contributed RMB 534.8 million, accounting for 71.3% of total revenue, while value-added services generated RMB 115.9 million, representing 15.5% of total revenue[187]. - The gross profit for the year was RMB 241.3 million, an increase of 5.2% from RMB 229.3 million in 2022, with a gross profit margin decreasing from approximately 33.4% in 2022 to 32.2% in 2023[189]. - The total tax expense for the year was RMB 40,831,000, compared to RMB 36,912,000 in 2022[72]. - Administrative expenses for the year amounted to RMB 100.2 million, an increase of 43.3% compared to RMB 69.9 million in 2022, representing 13.4% of revenue (up from 10.2% in 2022) due to increased listing resumption fees[191]. Investments and Financial Instruments - The company’s financial assets measured at fair value through profit or loss totaled RMB 10,101,000 in 2023, down from RMB 30,992,000 in 2022, indicating a significant reduction in this investment category[116]. - The fair value loss of financial assets measured at fair value through profit or loss was approximately RMB 30,891,000 for the year ended December 31, 2023, compared to RMB 9,912,000 in 2022[119]. - The company has made a provision of approximately RMB 98,655,000 for expected credit losses as of December 31, 2023, compared to RMB 82,929,000 in 2022[90]. Operational Highlights - The group primarily engages in property management services, value-added services, pre-delivery and consulting services, and property engineering services[29]. - The managed area increased to 34.4 million square meters as of December 31, 2023, up 9.4% from 31.4 million square meters in 2022[134]. - The company expanded its property management services to 50 cities in China, managing a total area of approximately 34.3 million square meters[145]. - The group provided property management services to over 200,000 households across 50 cities in China as of December 31, 2023[134]. - The company achieved a total contracted area of approximately 55.3 million square meters by December 31, 2023, with a year-on-year increase of 42% in contracted area[138]. Employee and Operational Costs - Employee benefits expenses, excluding directors and key management personnel, rose to RMB 168,530 thousand in 2023 from RMB 143,533 thousand in 2022, an increase of approximately 17.4%[15]. - The gross margin for value-added services was 55.2%, a decrease of approximately 1.8 percentage points from 57.0% in 2022, primarily due to increased personnel costs[39]. - The gross profit margin for property management services was 29.2%, down from 29.9% in 2022, primarily due to the lower margin of newly added public construction property management services[189]. Strategic Developments - The company has been recognized as a top property service provider in China, ranking in the top 15 for customer satisfaction and overall strength[143]. - The group is diversifying its service offerings to include non-residential properties, with successful projects in various sectors such as logistics and tourism[161]. - The group aims to enhance its competitive edge by providing personalized pre-delivery and consulting services to property developers[169]. - The company is enhancing its service standards and management capabilities while optimizing its expansion model to drive growth in both existing and new markets[182].
鑫苑服务(01895) - 2023 - 年度业绩