Core Viewpoint - The property industry in 2024 is transitioning from rapid expansion to a focus on "quality and price alignment," with companies adopting strategies like smart renovations and flexible pricing to enhance service transparency and efficiency [1] Group 1: Financial Performance - In 2024, the revenue of Jianfa Property reached 3.29 billion yuan, with a decline of 8%, and the net profit attributable to the parent company was 323 million yuan, down 31% [2] - The decline in financial data is primarily due to the impact of the "hard decoration business," which is a non-sustainable business that will cease to generate revenue from 2025 [2] - Excluding the hard decoration business, Jianfa Property's revenue for 2024 was 3.27 billion yuan, reflecting a growth rate of 13% [2] - The contribution of the hard decoration business to net profit in 2024 was -0.03 billion yuan, indicating that the sustainable business segments performed better [4] Group 2: Service Quality and Collection Rates - Despite economic fluctuations and collection rate pressures in the property industry, Jianfa Property maintained a collection rate of over 90%, showcasing its operational stability [7] - The high collection rate is attributed to the trust built over years through high-quality service, with Jianfa Property focusing on customer-centric operations [9] - Jianfa Property has implemented a "Good Service" system, which includes various service tags and action plans to enhance service quality, achieving a satisfaction score of 94, ranking second in the industry [9] Group 3: Technological Integration - Jianfa Property is actively embracing technology, integrating AI and robotics into property management to improve service efficiency and reduce costs [14] - In 2024, the company piloted cleaning robots in about 10% of its communities, significantly enhancing cleaning efficiency and hygiene standards [16] - The introduction of smart technologies, such as automatic barriers and LED energy-saving lights, aligns with the government's vision of creating safe, comfortable, green, and smart living spaces [16] Group 4: Future Outlook - As a member of the Fortune Global 500 Jianfa Group, Jianfa Property emphasizes long-term development while balancing scale and efficiency [17] - The company is positioned for steady growth in the new cycle, aiming to create greater value for shareholders [17]
年报业绩解读 | 建发物业(02156.HK): 探寻真相，解读建发物业的真实财务状况