Sundy Service Group Reports 2024 Financial Results with Mixed Performance

Sundy Service Group Co. Ltd ( (HK:9608) ) has provided an update.

Sundy Service Group Co. Ltd announced its annual results for the year ending December 31, 2024, revealing a revenue decline of 5.6% to RMB247.6 million compared to the previous year. Despite the overall revenue drop, the company saw a 4.9% increase in property management services revenue, which now accounts for 79.3% of total revenue. Gross profit increased by 28.1% to RMB57.5 million, with a gross profit margin improvement to 23.2%. However, the profit for the year decreased by 35.0% to RMB7.8 million, primarily due to higher impairment losses on trade receivables. The company also reported a 19.3% increase in cash and cash equivalents, while the gross floor area under management decreased by 12.5%. The Board decided not to recommend any final dividend for the year.

More about Sundy Service Group Co. Ltd

Sundy Service Group Co. Ltd is a company incorporated in the Cayman Islands, primarily engaged in property management services. The company operates multiple business lines, including property management, value-added services to non-property owners, community value-added services, and other businesses. Its market focus is on managing gross floor areas and providing comprehensive property-related services.

YTD Price Performance: -56.33%

Average Trading Volume: 1,496,206

Technical Sentiment Signal: Buy

Current Market Cap: HK$384M

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