Financial Performance - The total revenue for the year ended December 31, 2024, was approximately RMB 608.9 million, a decrease of about 1.9% compared to RMB 621.0 million for the year ended December 31, 2023[5]. - Gross profit for the year was approximately RMB 115.9 million, down 1.0% from RMB 117.1 million in the previous year, with a gross margin of 19.0%, an increase of 0.1% from 18.9%[5]. - Net profit for the year was approximately RMB 45.1 million, an increase of about 12.1% from RMB 40.3 million for the year ended December 31, 2023[5]. - Operating profit for the year was approximately RMB 51.0 million, compared to RMB 57.0 million in the previous year[7]. - Total comprehensive income for 2024 was RMB 45,124,606.07, a decrease from RMB 45,906,777.49 in 2023[9]. - Basic earnings per share remained stable at RMB 0.34 for both 2024 and 2023, while diluted earnings per share increased to RMB 0.29 from RMB 0.21[9]. - The company reported a net profit attributable to shareholders of RMB 45,091,464.06 in 2024, compared to RMB 45,078,035.41 in 2023, showing a slight increase[9]. - The company's net profit for the year was approximately RMB 45.1 million, a decrease of about 1.7% compared to RMB 45.9 million in 2023[89]. Cash and Assets - Cash and cash equivalents as of December 31, 2024, were approximately RMB 425.2 million, an increase of about 3.4% from RMB 412.1 million as of December 31, 2023[5]. - Total current assets increased to RMB 825,295,747.75 in 2024 from RMB 803,113,753.77 in 2023, reflecting a growth of approximately 2.4%[10]. - Cash and cash equivalents rose to RMB 426,558,420.34 in 2024, up from RMB 412,656,582.99 in 2023, indicating a growth of about 3.4%[10]. - The company’s total assets reached RMB 929,092,664.93 in 2024, up from RMB 905,682,836.48 in 2023, indicating a growth of about 2.6%[12]. - Current assets increased by 2.8% to RMB 825.3 million as of December 31, 2024, compared to RMB 803.1 million in 2023[90]. Liabilities and Equity - Total liabilities decreased to RMB 360,262,951.93 in 2024 from RMB 377,099,429.55 in 2023, a reduction of about 4.5%[15]. - Total equity attributable to shareholders increased to RMB 564,846,989.73 in 2024 from RMB 524,633,825.67 in 2023, reflecting a growth of approximately 7.7%[16]. - Total accounts payable decreased from RMB 201.70 million in 2023 to RMB 165.83 million in 2024, a reduction of approximately 17.8%[33]. - The debt-to-asset ratio improved to 38.8% as of December 31, 2024, down from 41.6% in 2023[104]. Dividends and Shareholder Information - The board proposed a final cash dividend of RMB 0.1080 per share for the year ended December 31, 2024[4]. - The company plans to issue a final dividend of RMB 0.1080 per share for the year ending December 31, 2024, compared to no dividend in 2023[129]. - The proposed final dividend is expected to be paid on or before August 1, 2025, pending approval at the 2024 Annual General Meeting[133]. - The annual general meeting for shareholders will be held on June 27, 2025[130]. Acquisitions and Business Strategy - The acquisition of 100% equity in Da'an Tong (Shandong) Electromechanical Equipment Engineering Co., Ltd. was completed on March 4, 2024, aligning with the group's business development strategy[6]. - Post-acquisition, Da'an Tong will focus on new businesses such as elevator maintenance and installation, discontinuing its original real estate operations[6]. - The company completed the acquisition of a 100% stake in Da'an Tong for RMB 4,878,300 on March 4, 2024, integrating its financial performance into the group[105][107]. - The company is involved in the acquisition of Shandong Lujian equity as part of its strategic initiatives[137]. - The company is planning to sell 100% equity of Chengfa Decoration, which is a wholly-owned subsidiary, as part of its restructuring strategy[141]. Operational Highlights - The total managed construction area as of December 31, 2024, was 23.6 million square meters, representing a growth of 2.3% compared to the previous year[5]. - The company has established a total of 97 managed projects and 97 contracted projects, with a total contracted area of 26.6 million square meters, remaining stable compared to 2023[61]. - The company managed 60 non-residential properties with a total managed building area of 10.7 million square meters as of December 31, 2024[69]. - The company exited several low-profit return housing projects, contributing to a decrease in the managed area for third-party projects by 8.1%[66]. Research and Development - The company reported a research and development expense of approximately RMB 5.1 million for the year, compared to RMB 4.2 million in the previous year[7]. Governance and Compliance - The company has adopted corporate governance principles and has complied with the relevant codes throughout the year[122]. - The independent auditor has confirmed that the financial figures in the announcement are consistent with the audited consolidated financial statements for the year[135]. - The board of directors includes various executive and independent non-executive members, ensuring diverse governance[144].
鲁商服务(02376) - 2024 - 年度业绩