Huafa Property Services Group Full Year 2023 Earnings: EPS: CN¥0.025 (vs CN¥0.019 in FY 2022)

Huafa Property Services Group (HKG:982) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥1.78b (up 11% from FY 2022).
• Net income: CN¥249.2m (up 29% from FY 2022).
• Profit margin: 14% (up from 12% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CN¥0.025 (up from CN¥0.019 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the Property Management segment contributing a total revenue of CN¥1.78b (100% of total revenue). Notably, cost of sales worth CN¥1.30b amounted to 73% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CN¥115.5m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 982's revenue and expenses shape its earnings.

Huafa Property Services Group shares are down 4.7% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Huafa Property Services Group's balance sheet.

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