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New Hope Service Holdings Limited Reports 17.5% Revenue Growth in 2024

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New Hope Service Holdings Limited ( (HK:3658) ) just unveiled an announcement.

New Hope Service Holdings Limited reported a 17.5% increase in revenue for the year ending December 31, 2024, reaching RMB1,480.8 million. The company saw significant growth in its property management and lifestyle services segments, while its commercial operational and value-added services experienced declines. The gross profit rose by 2.2% to RMB450.0 million, and profit attributable to equity shareholders increased by 5.5% to RMB226.8 million. The company expanded its project portfolio, with a 2.1% increase in contracted projects and an 8.9% rise in projects under management. A final dividend of RMB0.076 per share was recommended, contributing to a total dividend payout ratio of 60% for the year.

More about New Hope Service Holdings Limited

New Hope Service Holdings Limited operates in the property management industry, providing services such as property management, lifestyle services, commercial operational services, and value-added services to non-property owners. The company is focused on expanding its market presence with a growing number of contracted and managed projects.

YTD Price Performance: 10.61%

Average Trading Volume: 94,527

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.78B

For detailed information about 3658 stock, go to TipRanks’ Stock Analysis page.

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