Core Viewpoint - The company reported a revenue of approximately 4.232 billion yuan for 2024, reflecting a year-on-year growth of 7.8%, amidst a challenging real estate market [1][4] Financial Performance - Revenue for 2024 was approximately 4.232 billion yuan, with a gross profit of about 793 million yuan, marking a 6.3% increase year-on-year [1][4] - The net profit attributable to equity shareholders was approximately 312 million yuan, representing a 3.1% increase year-on-year [4] - The company’s cash and cash equivalents stood at 935 million yuan, down approximately 56.6% year-on-year [7] Business Segmentation - The business segments included commercial services (55.2%), residential property (16.3%), public and industrial property (14.0%), value-added services (13.5%), and other services (1.0%) [4] - The contracted area reached approximately 83.32 million square meters, a year-on-year increase of about 8.6%, while the managed area was approximately 72.20 million square meters, up 12.7% year-on-year [4] Market Trends - The real estate industry is undergoing a deep adjustment, with high-turnover and high-leverage companies accelerating their exit, while quality companies are restructuring their balance sheets [1][4] - There is an increasing trend of property management companies operating independently from real estate groups, with the company’s related party transactions accounting for less than 10% as of the end of 2024 [4][6] Future Outlook - The company anticipates steady growth in the next 1-3 years, particularly in third-party business, which is expected to maintain double-digit percentage growth [5][6] - The company plans to focus on its core business while diversifying value-added services and strengthening relationships with high-tech internet sector clients [8]
直击业绩会｜卓越商企服务李晓平：物管企业摆脱关联方依赖、独立运营已是大势所趋