Jinwu Financial News | Greentown Management Holdings (09979) announced that for the year ended December 31, 2023, net profit attributable to shareholders was 974 million yuan (RMB, same below), an increase of 30.77% over the previous year, with a basic profit of 0.5 yuan per share. It is proposed to pay a final dividend of $0.4 per share and a special dividend of $0.1 per share.
During the period, the Group's revenue was 3.302 billion yuan, an increase of 24.34% over the previous year.
During the period, commercial construction revenue was 2,346 billion yuan, an increase of 40.5% over the previous year. The main reason was that in 2023, the Group continued to promote the deep territorial cultivation strategy, and the scale of the Xintuo commercial construction project business grew steadily. At the same time, the company continued to optimize internal management and increase the conversion rate of the project commencement, thus increasing the revenue of commercial proxy construction projects in 2023.
In addition, government construction revenue was 789 million yuan, which was basically the same as the previous year; revenue from other services was 168 million yuan.
As of December 31, 2023, the company's contract construction projects have covered 122 major cities in 29 provinces, municipalities and autonomous regions in China. The total construction area of the contract project is 119.6 million square meters, an increase of 17.9% over the same period last year.
During the period, gross profit was 1,722 billion yuan, an increase of 24% over the previous year. The gross profit margin was 52.2%, down 0.1 percentage points from the previous year. Among them, commercial construction was 52.3%, government agency construction was 45.2%, and other services were 82.2%.