Financial Performance - For the year ending December 31, 2024, the group's revenue was approximately RMB 4,232.24 million, an increase of 7.8% compared to RMB 3,926.81 million in the same period of 2023[2] - The group's gross profit for the year was approximately RMB 793.46 million, up 6.3% from RMB 746.69 million in 2023[2] - The group's profit for the year was approximately RMB 334.97 million, reflecting a 3.6% increase from RMB 323.35 million in 2023[2] - The profit attributable to equity shareholders for the year was approximately RMB 312.09 million, a rise of 3.1% from RMB 302.69 million in 2023[2] - The operating profit for the year was approximately RMB 434.33 million, slightly down from RMB 438.27 million in 2023[3] - The total comprehensive income for the year was RMB 333.97 million, compared to RMB 324.46 million in 2023[4] - The company reported basic earnings per share of RMB 25.6, up from RMB 24.8 in 2023[3] - The net profit for the reporting period was RMB 334.97 million, a 3.6% increase from RMB 323.35 million in the same period last year, while profit attributable to shareholders rose by 3.1% to RMB 312.09 million from RMB 302.69 million[96] Revenue Breakdown - Revenue from property management services reached RMB 3,619,416 thousand in 2024, up from RMB 3,221,360 thousand in 2023, indicating a growth of about 12.3%[13] - The financial services income increased significantly to RMB 41,890 thousand in 2024 from RMB 18,868 thousand in 2023, marking a growth of approximately 121.5%[13] - The group reported a decrease in value-added services revenue to RMB 561,664 thousand in 2024 from RMB 679,272 thousand in 2023, reflecting a decline of about 17.3%[13] - Property management services generated revenue of RMB 4,190,346 thousand in 2024, up from RMB 3,900,632 thousand in 2023, reflecting a growth of about 7.4%[18] - Revenue from public and industrial properties increased by 23.9% compared to the same period in 2023[55] - Revenue from residential properties increased by 20.4% compared to the same period in 2023[55] - The group's revenue composition includes 55.2% from commercial properties, 14.0% from public and industrial properties, 16.3% from residential properties, 13.5% from value-added services, and 1.0% from other services[52] Dividends - The board proposed a final dividend of HKD 0.0628 per share, with total annual dividends of HKD 0.1394 per share, a decrease of 26.6% from HKD 0.1900 in 2023[2] - The company declared an interim dividend of 7.66 HKD cents per share for 2024, down from 12.18 HKD cents in 2023, totaling RMB 85,302 thousand compared to RMB 136,313 thousand in the previous year[37] - The proposed final dividend for 2024 is 6.28 HKD cents per share, equivalent to RMB 5.80, compared to 6.82 HKD cents in 2023, amounting to RMB 70,744 thousand versus RMB 75,569 thousand in the prior year[37] - The total dividends payable to equity shareholders for the year 2024 is RMB 156,046 thousand, a decrease of 26.4% from RMB 211,882 thousand in 2023[37] Assets and Liabilities - The net asset value for the year was RMB 3,797.51 million, an increase from RMB 3,652.70 million in 2023[6] - The total assets less current liabilities amounted to RMB 3,871.11 million, compared to RMB 3,746.43 million in 2023[6] - Total assets as of December 31, 2024, were RMB 5,140,193 thousand, slightly down from RMB 5,198,390 thousand in 2023, a decrease of about 1.1%[19] - Total liabilities decreased to RMB 1,342,680 thousand in 2024 from RMB 1,545,694 thousand in 2023, representing a reduction of approximately 13.1%[19] - The group's asset-liability ratio was 26.1% as of December 31, 2024, down from 29.7% as of December 31, 2023[114] - The group's cash and cash equivalents were RMB 935.43 million as of December 31, 2024, a decrease of 56.6% from RMB 2,156.70 million as of December 31, 2023[117] Operational Efficiency and Strategy - The company is focused on enhancing its operational efficiency and exploring new market opportunities to drive future growth[13] - The company is committed to ongoing investment in technology and service innovation to improve customer experience and operational capabilities[13] - The company aims to enhance business autonomy and reduce reliance on related businesses amid macroeconomic challenges, emphasizing customer-centric strategies and digital transformation[41] - The company is actively pursuing mergers and acquisitions, leveraging government resources to expand its market presence[49] - The company is focusing on digital transformation to improve decision-making efficiency and support sustainable business development[51] - The company plans to deepen its core business and diversify value-added services, leveraging internal and external resources for collaborative effects[69] Employee and Corporate Governance - The company has a total of 17,787 full-time employees in China and 86 in India as of December 31, 2024, compared to 16,352 and 85 respectively in the previous year[122] - The audit committee, consisting of four members, has reviewed and approved the accounting principles adopted by the company for the year ending December 31, 2024[128] - The executive directors include Mr. Li Xiaoping and Mr. Yang Zhidong, while the non-executive directors include Ms. Guo Ying and Mr. Wang Yinhui[132] Compliance and Reporting - The company has maintained compliance with all applicable Hong Kong Financial Reporting Standards in preparing its financial statements[8] - The company has not established any long-term foreign exchange contracts to hedge against foreign exchange risks, as management believes there is no significant foreign exchange risk[119] - The annual performance announcement and report are available on the Hong Kong Stock Exchange website and the company's website[131]
卓越商企服务(06989) - 2024 - 年度业绩