Zhongan Smart Life (02271) announced 2024 results and achieved revenue of about 412 million yuan, a year-on-year increase of 17.4%

According to the Zhitong Finance App, Zhongan Smart Life (02271) announced 2024 results, with revenue of about 412 million yuan, an increase of 17.4% over the previous year. Gross profit was approximately $120 million, up 1.24% year over year. Profit attributable to owners of the parent company was RMB 38.67 million, a year-on-year decrease of 22.86%. Earnings per share were 7.4 points.

Among them, revenue from property management services was about 347 million yuan, an increase of 32.9% over the previous year. On December 31, 2024, the group managed a total construction area of about 20 million square meters, an increase of 22.0% over the same period in 2023. This increase is mainly due to an increase in the number of projects delivered by the remaining Group and the remaining Group's joint ventures and joint ventures, and the company's further expansion efforts to independent third-party real estate developers. The construction area managed by independent third party real estate developers as of December 31, 2024 increased 20.3% from about 7.5 million square meters on December 31, 2023.

As of December 31, 2024, the group had 145 contract projects, with a contract area of approximately 21.75 million square meters, covering 21 cities and eight provinces in China. As of December 31, 2024, the Group has 130 projects under management, with an area of about 20 million square meters, covering 20 cities and 7 provinces in China.