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Yuexiu Services Group Ltd. Reports 20% Revenue Growth for 2024

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Yuexiu Services Group Ltd. Reports 20% Revenue Growth for 2024

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Yuexiu Services Group Ltd. ( (HK:6626) ) has shared an update.

Yuexiu Services Group Ltd. reported a total revenue of RMB3,868 million for the year ended December 31, 2024, marking a 20% increase from the previous year. Despite a decrease in gross profit margin and a significant impairment of goodwill, the company achieved a core net profit increase of 5.1%. The Group’s managed and contracted GFA grew by 6.3%, while the Board proposed a final dividend, reflecting a commitment to shareholder returns.

More about Yuexiu Services Group Ltd.

Yuexiu Services Group Ltd. operates in the property management industry, offering both non-commercial and commercial property management services. The company focuses on providing value-added services and operational management across a significant portfolio of properties.

YTD Price Performance: 5.00%

Average Trading Volume: 1,602

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: €633.7M

For a thorough assessment of 6626 stock, go to TipRanks’ Stock Analysis page.

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