Sino-ocean Service Holding Ltd. · HKEX:6677
Sino-ocean Service — FY2024 Earnings Presentation
18 slides from Sino-ocean Service's earnings presentation, 2025
Slide 1: Sino-Ocean Service Annual Results Presentation 2024
Sino-Ocean Service Annual Results Presentation 2024
Slide 2: Overview of Results
OVERVIEW OF 1 RESULTS
Slide 3: Proportion of core business continued to increase
Proportion of core business continued to increase. Revenue decreased by 9.4% yoy to RMB2.84 billion, primarily due to the ongoing adjustment of VAS to non-property owners with cash flow performance below the standard In particular, revenue of residential and non-commercial PM services reached RM
Slide 4: Optimized management scale structure
Optimized management scale structure As at 31 December 2024, contracted GFA amounted to 122 million ㎡, with GFA under management of 92.53 million ㎡. The proportion of GFA under management located in first- and second-tier cities increased by 0.3 pts yoy to 85.3%. As at 31 December 2024, third-
Slide 5: Stringent criteria for increasing third-party reserve
Stringent criteria for increasing third-party reserve Stringent quality control over third-party projects. During the period, newly-added contracted GFA from third-party reached 4.78 million ㎡. In 2024, we focused on needs of major clients and expanded reserve of the third-party projects. 19 proje
Slide 6: Profit margin under temporary pressure, while growth of AR under effective control
Profit margin under temporary pressure, while growth of AR under effective control Gross profit margin decreased by 0.9 pts yoy to 18.2%. In particular, the gross profit margin of PM and commercial operational services* declined by 1pts due to increased community renovation expenses and the exit f
Slide 7: Cash indicators improved
Cash indicators improved Focusing on business cash flow, and net cash from operating activities turned positive, increasing by 204.0% yoy to RMB116 million. Strengthened cash position, with cash on hand grew by 16.8% yoy to RMB760 million. The comprehensive dividend payout ratio remained stead
Slide 8: Strengthened the foundation of the quality service system
Strengthened the foundation of the quality service system Continuously improved the details of basic services, refined and implemented standardized systems, enhanced customer communication, and built strong customer relationships. In 2024, the Company’s satisfaction score reached 87, with the cu
Slide 9: Comprehensive enhancement of operational efficiency
Comprehensive enhancement of operational efficiency Redefined the organizational structure with a focus on customer needs, with improvement of operational efficiency and workforce productivity. The ratio of labor cost to revenue declined by 0.3 pts yoy to 30.7% Provided a solid foundation for ma
Slide 10: Sustained high-quality operations in commercial property management
Sustained high-quality operations in commercial property management Revenue from property management services on commercial properties reached RMB350 million, accounting for 17% of total revenue of property management services. 47 commercial projects and 28 office projects, with a total contract
Slide 11: Improved competitiveness in commercial properties
Improved competitiveness in commercial properties Constantly optimized and expanded value-added service system through refining standards for customer services and promoting a menu-based service model Enhanced the capacity in acquiring third-party projects and servicing capability, with 8 newly-
Slide 12: Optimized the business structure of community VAS
Optimized the business structure of community VAS Revenue from community VAS reached RMB489.3 million, with the decline narrowing by 8 pts; gross profit margin increased by 0.9 pts yoy to 31.1%. Revenue from community living services grew by 23.7% yoy, with its revenue proportion increasing by 5
Slide 13: Enhanced community VAS system
Enhanced community VAS system Continuously gained insight into owner needs to refine product system and enrich service scenarios; expanded the scale of community VAS by consistently improving alignment between our product and service metrics and owner needs Community living services Community reso
Slide 14: Adjusted VAS to non-property owners business
Adjusted VAS to non-property owners business Under continuous phasing out of projects with subpar cash flow performance, revenue from VAS to non-property owners amounted RMB267.8 million, with a decrease of 30.1% yoy Revenue from property engineering services increased by 10.7 pts, with a full s
Slide 15: Strategy
2 STRATEGY
Slide 16: Strategy for sustainable high-quality servicing business
Strategy for sustainable high-quality servicing business In 2025, guided by the business development principles of “strengthening revenue, increasing efficiency, expanding cash flow, improving quality, optimizing teams, and emphasizing compliance,” we will remain steadfast in delivering high-quali
Slide 17: ESG
ESG Environmental protection Social responsibility • Energy conservation and consumption reduction practices • Supporting employee development Central air-conditioning Water conservation New voyage program-new employee Energy-saving light retrofit Voyage training camp retrofit facility induction tra
Slide 18: Disclaimer
Disclaimer These materials have been prepared by Sino-Ocean Service Holding Limited (the “Company”) solely for informational use during its presentation to prospective and existing investors for introduction of the Company and to provide an update on the business performance and development of the C
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