Core Insights - Shimao Services reported a total revenue of RMB 8.203 billion for 2023, a decrease of 5.0% compared to 2022 [1] - The company achieved a gross profit of RMB 1.646 billion, reflecting a decline of 15.3% year-on-year [1] - The annual profit attributable to equity holders was RMB 2.73 billion, marking a turnaround from a loss [1] Revenue Breakdown - Property management service revenue reached RMB 5.292 billion, accounting for 64.5% of total revenue, with a year-on-year growth of 5.0% [1] - Community value-added service revenue was RMB 1.363 billion, representing 16.6% of total revenue, down 19.3% year-on-year [1] - Non-owner value-added service revenue totaled RMB 213 million, making up 2.6% of total revenue, with a significant decline of 59.4% [1] - Urban service revenue amounted to RMB 1.335 billion, which is 16.3% of total revenue, down 3.4% year-on-year [1] Profitability Metrics - Operating profit was RMB 344 million, indicating a return to profitability [1] - Core net profit attributable to equity holders increased by 29.6% to RMB 647.7 million [1] Operational Scale - As of the end of 2023, Shimao Services provided services for 1,448 projects across various client types, including residential, educational, public buildings, industrial parks, and hospitals [1] - The managed building area reached 250.6 million square meters, while the contracted building area was 332.3 million square meters [1] Cash Position - The company had cash and cash equivalents of RMB 4.788 billion as of the end of 2023, an increase of 2.6% from the end of 2022, primarily due to a net cash inflow from operating activities of RMB 1.03 billion [1]
物业丨世茂服务：2023年权益持有人应占利润为2.73亿元 同比扭亏为盈