Core Insights - The company reported a total revenue of 36.22 billion yuan for the year 2024, representing a year-on-year growth of 9.2% [1] - The core circular business segment achieved a revenue of 30.79 billion yuan, with a robust growth of 15.5%, accounting for 85.0% of total revenue [1] - The company maintained a strong cash flow, achieving an operating net cash flow of 1.92 billion yuan and cash and cash equivalents of 13.43 billion yuan [1] Financial Performance - The company’s core net profit for 2024 was 2.23 billion yuan, a decrease of 4.8% year-on-year [1] - The net profit for the period was 1.26 billion yuan, reflecting a significant decline of 38.3% compared to the previous year [1] - The earnings per share for shareholders was reported at 0.98 yuan, with a proposed total dividend of 1.9 yuan per share, resulting in an approximate dividend yield of 9.3% based on the closing price at the end of 2024 [2] Business Segments - Revenue from residential property services grew by 13.1% to 19.23 billion yuan, with a gross profit increase of 5.2% to 2.39 billion yuan [2] - Revenue from property and facility management services increased by 20.1% to 9.97 billion yuan, with a gross profit growth of 17.6% to 0.84 billion yuan [2] - Revenue from BPaaS solutions rose by 16.9% to 1.59 billion yuan, with a gross profit increase of 23.8% to 0.51 billion yuan [2] Risk Management - The company prioritized cash flow safety in response to macroeconomic challenges and uncertainties in the real estate market, which negatively impacted revenue and gross profit [2] - The proportion of revenue from related party transactions decreased to 9.5%, down 4 percentage points year-on-year, indicating enhanced business independence [1] - Trade receivables from related parties at the end of 2024 amounted to 2.45 billion yuan, a decrease of 0.04 billion yuan from the beginning of the year [1]
应收账款规模及关联方业务占比双降 万物云业务独立性进一步增强