CNOOC Properties (02669) rose more than 3%. As of press release, it rose 2.56% to HK$5.2, with a turnover of HK$53.7813 million.
The Zhitong Finance App learned that CNOOC Property (02669) rose more than 3%. As of press release, it had risen 2.56% to HK$5.2, with a turnover of HK$53.7813 million.
Zhongtai Securities released a research report saying that in 2024, CNOOC Property achieved main business revenue of 14.024 billion, +7.5% year over year; net profit to mother was 1.511 billion, +12.5% year over year. The increase in revenue was due to two points, one was the increase in property management area, and the second was an increase in the household value-added service business scale; the increase in profit was mainly due to the increase in the company's comprehensive gross margin from 15.9% to 16.6% during the reporting period, mainly through various measures such as saving material costs, reducing miscellaneous expenses, and increasing subcontracting efforts at the same time The project is governed.
The bank also pointed out that due to the downturn in the real estate industry and the overall macroeconomic environment, the company's value-added service business structure changed: in 2024, the company's non-residential value-added service business achieved revenue of 1.829 billion, accounting for -14.7% of total revenue, falling to 13.0% from 16.5% in 2023. The downturn in the real estate industry led to a decline in intelligent engineering projects, pre-delivery inspection services, workplace security, cleaning, etc. In addition, the company actively adjusted the hardware product sales business with low gross margin; on the other hand, the company actively adjusted the hardware product sales business with low gross margin; on the other hand, the company added value to households in 2024 Service revenue was 1.385 billion, +7.2% year-on-year, accounting for 9.9% of total revenue, which is the same as in 2023. Value-added services for households that are relatively consumption-oriented are still resilient.