Financial Performance - The group's revenue reached RMB 1,480.8 million, an increase of 17.5% compared to RMB 1,260.7 million in the same period of 2023[2] - The group's gross profit was RMB 450.0 million, a 2.2% increase from RMB 440.2 million in 2023[3] - Profit attributable to equity shareholders for the reporting period was RMB 226.8 million, up 5.5% from RMB 215.0 million in 2023[3] - The group reported a pre-tax profit of RMB 303,573,000 for 2024, compared to RMB 283,934,000 in 2023, indicating a growth of 6.6%[22] - The group’s gross profit for 2024 was RMB 450,042,000, compared to RMB 440,214,000 in 2023, showing a slight increase of 2.0%[22] - The net profit attributable to shareholders was RMB 226.8 million, an increase of 5.5% compared to the previous year[46] - Net profit rose by approximately RMB 15.3 million or 6.4% to about RMB 255.9 million for the year ended December 31, 2024[90] Revenue Breakdown - Property management services generated revenue of RMB 837.5 million, accounting for 56.5% of total revenue, up 29.4% from RMB 647.0 million in 2023[2] - The life services segment generated revenue of RMB 355.6 million, a 22.4% increase compared to RMB 290.6 million in the prior year[59] - The community life services contributed RMB 157.8 million, accounting for 44.4% of the life services revenue, with an 8.7% growth from the previous year[59] - Revenue from independent third-party developers was RMB 31,613.9 million, accounting for 37.8% of total revenue, with a year-on-year growth of 27.0%[56] - Property management revenue from the Southwest region amounted to RMB 38,864.7 million, accounting for 46.4% of total property management revenue, with a year-on-year growth of 26.7%[50] - The East China region generated RMB 30,674.3 million in property management revenue, representing 36.6% of total revenue, with a year-on-year growth of 25.2%[50] - Revenue from new first-tier cities reached RMB 42,344.0 million, accounting for 50.5% of total revenue, with a revenue growth of 44.9%[53] Expenses and Costs - Employee costs decreased to RMB 350,764,000 in 2024 from RMB 371,933,000 in 2023, a reduction of 5.7%[26] - Sales costs rose by approximately RMB 210.2 million or 25.6% to about RMB 1,030.7 million, outpacing revenue growth due to a higher contribution from property management services[75] - Administrative expenses decreased by approximately RMB 28.3 million or 16.8% to about RMB 140.2 million, attributed to improved management efficiency[85] Assets and Liabilities - The group's cash and cash equivalents amounted to RMB 1,057.8 million, down from RMB 1,145.3 million in 2023[5] - Non-current assets increased to RMB 453.6 million from RMB 409.5 million in 2023[5] - The net asset value of the group rose to RMB 1,328.3 million, compared to RMB 1,256.7 million in 2023[6] - Trade receivables increased by approximately RMB 131.3 million or 41.3% to RMB 448.9 million, driven by business growth and an increase in managed floor area[93] - Trade payables increased by approximately RMB 18.6 million or 9.6% to RMB 213.3 million, reflecting business expansion[96] Dividends - The total dividend for the year is RMB 0.159 per share, with a dividend payout ratio of 60%[3] - The company proposed a final dividend of RMB 0.076 per share, down from RMB 0.091 per share in the previous year[39] - The board proposed a final cash dividend of RMB 0.076 per share for the year ending December 31, 2024, compared to RMB 0.091 for the year ending December 31, 2023[121] Strategic Initiatives - The company aims to enhance its "Property+" strategy, focusing on commercial operations, group catering, and life services to drive revenue growth[67] - The company plans to deepen digital operations to improve efficiency and reduce costs, leveraging advanced information technology and AI tools[69] - The company has developed a modular service combination strategy, including "Property + Catering" and "Property + Commercial," to enhance customer engagement and expand service offerings[55] Market Position and Growth - The number of signed projects increased to 256, with a signed area of 39.0 million square meters, representing a growth of approximately 2.1%[3] - The total contract amount signed for various projects reached RMB 605 million, a significant increase of 192% year-on-year[46] - The number of properties under management increased to 242 as of December 31, 2024, representing a growth rate of 5.2% compared to 230 properties in 2023[49] - The total managed floor area reached 3,512.8 million square meters, an increase of 8.9% from 3,225.8 million square meters in 2023[49] Compliance and Governance - The audit committee has reviewed and agreed on the group's financial performance for the year ending December 31, 2024[125] - The external auditor, KPMG, has confirmed the figures in the preliminary announcement for the financial statements for the year ending December 31, 2024[125] - The company plans to hold its 2024 Annual General Meeting on June 16, 2025, ensuring compliance with regulatory requirements[120]
新希望服务(03658) - 2024 - 年度业绩