According to the Zhitong Finance App, Zhongjun Commercial Management (00606) announced the results for the year ended December 31, 2023. The group achieved revenue of 1,248 billion yuan (RMB, same below) during the period, an increase of 5.5% over the previous year; profit attributable to the owner of the parent company was 255 million yuan, an increase of 23.5% over the previous year; and the basic profit per share was 12.9 points.
According to the announcement, the increase in revenue was due to the combined impact of an increase in construction area under management and a decrease in revenue from value-added services.
As of December 31, 2023, the total number of contracted commercial properties (including shopping centers and office buildings) was 39, with a total contracted construction area of about 5 million square meters; there were 19 commercial properties under management, with a total construction area of about 2 million square meters.
The Group also provides property management services for residential properties. On December 31, 2023, the total number of residential projects signed was 223, with a total contracted construction area of about 43.1 million square meters; there were 173 residential projects under management, with a total construction area of about 27.9 million square meters.