E-STAR CM released its annual performance, with revenue of 645 million yuan, a year-on-year increase of 1.5%, and a final dividend of 8.3 Hong Kong cents per share
E-STAR CM released its annual performance for the year ending December 31, 2024, with revenue of 645 million yuan, a year-on-year increase of 1.5%. Profit attributable to the company's owners was 154 million yuan, a year-on-year decrease of 9.7%. Earnings per share were 15.25 cents, and a final dividend of 8.3 Hong Kong cents per share is proposed. Revenue from entrusted management services was approximately 427 million yuan, a year-on-year increase of 5.0%, accounting for 66.2% of total revenue. Revenue from brand and management output services was approximately 95.7 million yuan, a year-on-year decrease of 34.0%
According to the Zhitong Finance APP, E-STAR CM (06668) announced its annual performance for the year ending December 31, 2024. The group achieved revenue of RMB 645 million, a year-on-year increase of 1.5%; the profit attributable to the company's owners was RMB 154 million, a year-on-year decrease of 9.7%; earnings per share were 15.25 cents, and a final dividend of 8.3 Hong Kong cents per share is proposed.
For the year ending December 31, 2024, revenue from entrusted management services was approximately RMB 427 million, a year-on-year increase of about 5.0%, accounting for approximately 66.2% of the group's total revenue. The increase in revenue from entrusted management services was mainly due to the rise in operational management service revenue from newly opened projects (Rizhao Xinghe iCO opened in September 2023, Guangzhou Nansha Xinghe COCO Park opened in December 2023, and Jining Xinghe iCO opened in December 2023).
For the year ending December 31, 2024, revenue from brand and management output services was approximately RMB 95.7 million, a year-on-year decrease of about 34.0%, accounting for approximately 14.8% of the group's total revenue. The decrease in revenue from brand and management output services was mainly due to the impact of the market environment and the real estate industry situation, leading to a reduction in revenue from early-stage positioning, architectural consulting, and tenant solicitation services.
As of December 31, 2024, the group provided services to 53 commercial property projects (including 8 consulting service projects), with a contracted construction area of approximately 2.7 million square meters (excluding the construction area of the 8 consulting service projects). The reserve of consulting service projects lays the foundation for subsequent conversion into sustainable operational projects and provides continuous momentum for the group's stable growth
