On March 26, GLONGHUI | German Commercial Investment Service (02270.HK) announced that for the year ended December 31, 2023, the company's total revenue increased 27.2% from approximately RMB 267.3 million for the year ended December 31, 2022 to approximately RMB 339.9 million. Profit before income tax for the year was approximately RMB 40.0 million, an increase of 19.2% compared to approximately RMB 33.6 million after income tax for the year ended December 31, 2022.
For the year ended December 31, 2023, the company has signed contracts to manage 84 properties in China, with a total construction area of about 8.8 million square meters, an increase of about 7.3% over 8.2 million square meters for the year ended December 31, 2022.
Looking ahead, the Group will continue to grow and focus on the field of urban asset operation services. Formulate and implement multiple strategies to enhance residential and asset value through property services, achieve asset value through commercial asset operation management, etc., to achieve diversification and differentiation of service products, expand the company's geographical distribution, market share and property portfolio, and achieve economies of scale from the following four aspects: (i) Comprehensive lean: user-centered, continuous innovation around strategy, market, product, operation, organization, etc.; (ii) Quality service: continuously consolidate basic services to maintain a high level of satisfaction and benchmark service quality; (iii) Deepen expansion: strengthen the region Concentration, continue to cultivate key cities and core business formats; and (iv) extend borders: maintain breakthroughs, continue to cultivate the value-added core of the community, and create high-quality and specialized value-added products.