On March 26, Ge Longhui | Times Neighborhood (09928.HK) announced that the annual results for the year ended December 31, 2023 were approximately RMB 2.47 billion, a year-on-year decrease of about 5.2%. The annual core net profit attributable to owners of the parent company (excluding non-recurring expenses) was approximately RMB 159 million, an increase of about 10.7% over the previous year. As of December 31, 2023, the total contract construction area for property management services is about 117.6 million square meters, and the total construction area under management is about 110.9 million square meters. The Board recommended a final dividend of RMB 2.4 per common share for the year ended 31 December 2023.
The Group is a leading and rapidly developing integrated urban service operator in China, providing high-quality community services, urban services and innovative services for diverse business formats such as housing, industrial parks, public construction, and other urban spaces. In 2023, the Group was recognized by the Beijing China Index Information Technology Research Institute as the 11th largest property service enterprise in China in terms of comprehensive strength. The company's main business includes property management services, community value-added services, value-added services for non-owners and other professional services, covering the entire property management value chain.
As of December 31, 2023, the company's contracted property management services have covered 82 cities, 864 managed property management projects (excluding 23 urban public service projects), and managed property management with a construction area of 110.9 million square meters. In addition, the company has a total of 62 contract property management projects that have not yet been handed over to the company's management, and the undelivered construction area is about 6.6 million square meters.