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Kangqiao Service Group Limited ( (HK:2205) ) has provided an announcement.
Kangqiao Service Group Limited reported a 2.9% increase in revenue for 2024, reaching approximately RMB960.8 million. The company saw significant growth in property management services, which accounted for 70.9% of total revenue, while other segments like value-added services to non-property owners and community value-added services experienced declines. Despite a decrease in gross profit margin, the company achieved a 30.8% increase in profit for the year, amounting to RMB68.8 million. The company also expanded its gross floor area under management by 12.5%, with a notable portion coming from third-party developers.
More about Kangqiao Service Group Limited
Kangqiao Service Group Limited operates in the property management industry, providing services such as property management, value-added services to non-property owners, community value-added services, and city services. The company is focused on expanding its contracted and managed gross floor area, particularly through partnerships with third-party property developers.
YTD Price Performance: 5.88%
Average Trading Volume: 38,289
Technical Sentiment Signal: Hold
Current Market Cap: HK$504M
See more data about 2205 stock on TipRanks’ Stock Analysis page.