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Suxin Joyful Life Services Reports Revenue Growth but Decline in Profitability for 2024

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Suxin Joyful Life Services Reports Revenue Growth but Decline in Profitability for 2024

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The latest announcement is out from Suxin Joyful Life Services Co., Ltd. Class H ( (HK:2152) ).

Suxin Joyful Life Services Co., Ltd. reported a 27.5% increase in revenue for the year ending December 31, 2024, reaching approximately RMB924.6 million. Despite this growth, the company’s profit decreased by 17.4% to RMB66.2 million, with a decline in net profit margin from 11.0% to 7.2%. The company also expanded its contracted gross floor area by 8.9 million square meters, and the board recommended a final cash dividend of RMB0.3602 per share. These results highlight the company’s revenue growth but also indicate challenges in maintaining profitability.

More about Suxin Joyful Life Services Co., Ltd. Class H

Suxin Joyful Life Services Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the service industry. The company focuses on providing property management services, with a significant market presence indicated by its substantial contracted gross floor area.

YTD Price Performance: -25.37%

Average Trading Volume: 6,000

Technical Sentiment Signal: Buy

See more data about 2152 stock on TipRanks’ Stock Analysis page.

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