Summary by Moomoo AI
Yung Shing Service Group Limited (CIFI ES Service) disclosed in its interim report for the six months ended June 30, 2024, that the group's revenue increased by approximately 5.9% compared to the same period in 2023, reaching RMB 3,371.0 million. Property management service revenue increased by 12.4%, community value-added service revenue decreased by 2.6%, non-owner value-added service revenue decreased by 4.1%, and urban service revenue decreased by 28.5%. Gross profit increased by 11.4% to RMB 716.8 million, with attributable net profit to owners of the company at RMB 265.1 million, a 10.3% year-on-year increase. Net cash inflow from operating activities was RMB 101.6 million. During the period, both contracted building area and managed building area increased. The company acquired 90% equity of Beijing Hangteng Property Management Co., Ltd. and sold 51% equity of Jieshou City Investment CIFI ES Life Service Co., Ltd. The board of directors declared an interim dividend of HKD 0.0839 per share and a special dividend of HKD 0.0336 per share.