Gelonghui, March 26 | Qiyi Technology (01739.HK) announced that in 2023, the real estate market showed a new trend of major changes in the relationship between supply and demand. As a company related to the real estate industry, the company's performance is under tremendous pressure. In 2023, the company's revenue increased 35.5% year over year to reach RMB 1,187.0 million.
The company's interior design and construction business became a new growth engine, increasing by 111.4% year over year, contributing RMB 729.7 million to the company's revenue. Furthermore, in 2023, the company will continue to implement the business strategy of reducing costs and increasing efficiency to reduce operating losses. For the year ended 31 December 2023, the Board recommended a final dividend of HK$0.0131 per share.
The company operates three full-service interior design and architecture brands, namely Borosun, Jumei, and Yuzu. They all use a self-operated model, but target different customer groups. Interior design and construction revenue increased 111.4% from RMB 345.2 million for the year ended 31 December 2022 to RMB 729.7 million for the year ended 31 December 2023.
Compared to 2022, the company's number of sales leads has increased. The decrease in the number of sales leads in megacities was offset by an increase in the number of sales leads in other cities. As of December 31, 2023, the number of sales leads was 794,761, a year-on-year increase of 15.8% compared with 686,092 in 2022.
In 2022, the company adjusted its strategic direction and adopted the self-operated decoration business as a new growth strategy. In 2023, the company's self-operated decoration business achieved rapid growth. The contract output value in 2023 was RMB 997.2 million, compared with RMB 331.3 million in 2022, an increase of 201.0% over the previous year.