Summary by Futu AI
Evergr services announced its unaudited interim performance as of June 30, 2024, showing revenue of RMB 6220.2 million, an increase of approximately 1.2% year-on-year. However, the gross profit was approximately RMB 1256.1 million, with a gross margin decreasing to 20.2%, net profit was around RMB 499.8 million, with a net profit margin also falling to 8.0%, both experiencing declines compared to the same period last year. The profit attributable to owners of the company is about RMB 500.5 million, with basic earnings per share of around RMB 0.05. During the period, Evergr services had a total contracted area of about 794 million square meters, a managed area of about 555 million square meters, and newly signed third-party area exceeding 21 million square meters, up more than 40% year-on-year, with a total contract amount of approximately RMB 0.6 billion. The board of directors decided not to distribute any interim dividends. Evergr services stated that facing industry challenges and opportunities, it will continue to enhance service quality, expand through market-oriented approaches, improve the company's competitiveness, and promote high-quality development.
