Gelonghui, March 25 | Sunac Services (01516.HK) announced that in 2023, the Group's overall performance was steady, moderate and positive, and cash flow improved significantly. In view of the continued decline in the real estate environment, since the second half of 2022, the Group has made firm trade-offs with regard to related party business. Related party business shrank sharply, and related party revenue fell by about 56% year on year. As a result, the Group's total revenue in 2023 declined year on year, achieving total revenue of about RMB 7010 billion. The unrelated party business continued to grow, and revenue increased 10% year over year to approximately RMB 6.439 billion, accounting for about 92%, and has become the main source of the Group's revenue.
Affected by the impairment provision for accounts receivable, impairment of goodwill, etc., the company owner's losses are approximately RMB 435 million. Excluding impairment provisions in accounts receivable and other factors such as non-operating amortization, the company owner's core net profit is approximately RMB 793 million, an increase of about 3% over the previous year.
The net cash flow from operating activities was approximately RMB 862 million, covering approximately 1.1 times the core net profit. By the end of 2023, the Group's available capital balance was approximately RMB 4.436 billion, with sufficient capital to ensure the Group's healthy and safe development. The Group plans to pay a cash dividend of 55% of core net profit, with a dividend amount of RMB 0.143 per share, with a dividend rate of about 8%, and continue to pay shareholders a high percentage of dividends.