A-living Smart City Services Co., Ltd. Class H · HKEX:3319
A-living Smart City Services Co., Ltd. Class H — H1 2024 Earnings Presentation
16 slides from A-living Smart City Services Co., Ltd. Class H's earnings presentation, 2024
Slide 1: A-Living Smart City Services 2024 Interim Results Presentation
A-LIVING SMART CITY SERVICES CO., LTD. 3319.HK 2024 Interim Results Presentation
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements. Any such forward-looking statements are based on a number of assumptions about the operations of the A-Living Smart City Services Co., Ltd. (the “Company”) and factors beyond the Company's control and are subject to significant ris
Slide 3: Results Highlights
01 RESULTS HIGHLIGHTS 3
Slide 4: Results Highlights
Results Highlights A-Living fully focused on service quality, with solid Maintained industry-leading management scale fundamentals and continuous dividend payout in 1H2024 • Contracted GFA: ~ 750 m n sq.m., GFA under mgmt.: 577 m n sq.m. • No. of projects under mgmt.: 4,521, w ith 73.3% of projects
Slide 5: Financial Summary
02 FINANCIAL SUMMARY 5
Slide 6: Financial Summary
Financial Summary RMB mn 1H 2024 % of revenue 1H 2023 % of revenue Change Revenue 7,023 7,699 (8.8%) Cost of sales (5,829) (83.0%) (6,125) (79.6%) (4.8%) Gross profit 1,193 1,574 (24.2%) Gross profit margin 17.0% 20.4% -3.4 p.p. Sales and marketing expenses (23) (0.3%) (53) (0.7%) (56.3%) Administra
Slide 7: Breakdown of Revenue and Gross Profit
Breakdown of Revenue and Gross Profit （RMB mn） +2.0% 1H2023 1H2024 Revenue Mix -8.8% 5,2675,372 7,699 Non-cyclical businesses 7,023 Exte nded VA S Revenue -33.9% -4.0% 3% -60.6% 8% 1,167 772 674 647 590 92% 232 97% % of 1H2023 1H2024 PM Services Property Ow ners VAS City Services Extended VAS total
Slide 8: Balance Sheet Overview
Balance Sheet Overview RMB mn As of 30 Jun 2024 As of 31 Dec 2023 Change Total assets 21,900 24,051 (8.9%) Total liabilities 9,023 9,601 (6.0%) Total equity 12,877 14,449 (10.9%) Current assets 13,683 16,488 (17.0%) Cash and cash equivalents 3,043 4,075 (25.3%) Current ratio 161.7% 182.3% -20.6 p.p.
Slide 9: Business and Operation Review
03 BUSINESS AND OPERATION REVIEW 9
Slide 10: High-quality Growth in Scale
High-quality Growth in Scale As of June 30, 2024, • A-Living has contracted GFA ~ 750 mn sq.m., GFA under mgmt 577 Balanced Portfolio Nationwide Presence mn sq.m.; and 4,521 projects under mgmt. • A-Living has developed a balanced portfolio covering • A nationwide presence with a high concentration
Slide 11: Continuous Optimization of Business Portfolio
Continuous Optimization of Business Portfolio Property owners City services VAS Improved the business model and product 1H2024 quality Three major tasks Emphasized on qualityand profitability Focused on payment collection Built a comprehensive operational system Facing economic headwinds and t
Slide 12: Service Quality as the Core Focus
Service Quality as the Core Focus Enhanced primary-level governance, Standardized service quality, built service capability Focused on quality, reduced operational risk embraced social responsibility Lead with standardization Focused on service quality Fostered collaborative • Advanced the Group’s •
Slide 13: Outlook
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Slide 14: Property Services: Pursuing Quality Development
Pursuing Quality Development All-out effort to maintain scale of mainstay operations, prioritize quality while aiming for growth in 2H2024 • Manifest synergistic advantages and be selective in Growth in • Prioritize quality and aim for growth rate business development Development business Remain m
Slide 15: Ensuring High-quality Operation
Ensuring High-quality Operation Centered around quality, business scale, fee collection and efficiency, keep improving quality and operating efficiency to form positive cycle for sustainable development Safeguard lifeline for quality Prioritize operational efficiency All-out effort to raise and cash
Slide 16: Lifelong Caring for You, Heartwarming Service to City
A-Living Smart City Services Co., Ltd. Lifelong Caring for You Heartwarming Service to City
A-Living Smart City Services — H1 2024 Earnings Presentation on 6ix