According to the Zhitong Finance App, German Commercial Investment Service (02270) announced the results for the year ended December 31, 2023. The group achieved total revenue of 340 million yuan (RMB, same below) during the period, an increase of 27.2% over the previous year; profit attributable to the owner of the parent company was 39.205 million yuan, an increase of 16.7% over the previous year; and the basic profit per share was 6.34 points.
According to the announcement, the Group's revenue mainly comes from four business segments: property services; commercial operation management; large household services; and office and industrial park operation and management. During the reporting period, property service revenue reached 220 million yuan, accounting for 64.8% of the Group's overall revenue, up 5.3% from the same period in 2022; commercial operation and management revenue reached 37.2 million yuan, accounting for 10.9% of the Group's overall revenue, up 12.3% from 33.1 million yuan in the same period in 2022; household service revenue reached 37.6 million yuan, accounting for 11.1% of the Group's overall revenue, compared with 25 million yuan in the same period in 2022, an increase of 50.8% year on year; and revenue from office buildings and industrial park operation and management reached 4490 10,000 yuan, accounting for 13.2% of the Group's overall revenue.