Summary by Futu AI
Yongsheng Service Group Co., Ltd. (cifi es service) announced in its interim report for the six months ended June 30, 2024, that the group's revenue increased by approximately 5.9% compared to the same period in 2023, reaching RMB 3,371.0 million. Property management service revenue increased by 12.4%, community value-added service revenue decreased by 2.6%, value-added service revenue for non-owners decreased by 4.1%, and urban service revenue dropped by 28.5%. Gross profit increased by 11.4% to RMB 716.8 million, with attributable net profit to owners of the company amounting to RMB 265.1 million, a 10.3% year-on-year increase. Net cash inflow from operating activities amounted to RMB 101.6 million. During the period, both contractual construction area and managed construction area increased. The company completed the acquisition of 90% equity of Beijing Hangteng Property Management Co., Ltd., and sold 51% equity of Jieshou City Investment Xuhui Yongsheng Life Service Co., Ltd. The board of directors declared an interim dividend of HK$0.0839 per share and a special dividend of HK$0.0336 per share.