Understanding the Market | BINJIANG SER rose over 4% after earnings, with annual net profit increasing by over 11% year-on-year and a full-year dividend payout ratio of approximately 70%
Binjiang Services rose over 4% after earnings, as of the time of publication, up 4.13% to HKD 26.45, with a transaction volume of HKD 13.0213 million. In terms of news, Binjiang Services released its annual performance, achieving revenue of RMB 3.595 billion for the year, an increase of 28.0% year-on-year; the profit attributable to equity shareholders for the year was RMB 547 million, an increase of 11.0% year-on-year; basic earnings per share were RMB 1.98. The board of directors recommended a final dividend for 2024 of HKD 0.876 per share, with an annual payout ratio of approximately 70%. CITIC Construction Investment previously pointed out that Binjiang Services is a high-quality property service provider deeply rooted in Hangzhou, characterized by steady performance growth and a long-term high payout ratio. Backed by the leading real estate company in Hangzhou, Binjiang Group, and actively expanding externally, the company's property management scale continues to rise steadily. The company has long focused on the high-quality property management market, with management fees significantly higher than the market average. Since 2023, the company has developed hard decoration services within its 5S value-added services, becoming a new growth point for performance. The company is optimistic about the growth potential brought by its deep cultivation of the Hangzhou market and high-quality services
According to Zhitong Finance APP, BINJIANG SER (03316) rose over 4% after its earnings report, reaching a rise of 4.13% as of the time of writing, priced at HKD 26.45, with a transaction volume of HKD 13.0213 million.
In terms of news, BINJIANG SER released its annual performance, achieving a revenue of RMB 3.595 billion for the year, an increase of 28.0% year-on-year; the profit attributable to equity shareholders for the year was RMB 547 million, an increase of 11.0% year-on-year; basic earnings per share were RMB 1.98. The board of directors proposed a final dividend for 2024 of HKD 0.876 per share, with an annual payout ratio of approximately 70%.
CITIC JianTou previously pointed out that BINJIANG SER is a high-quality property service provider deeply rooted in Hangzhou, characterized by steady performance growth and a long-term high payout ratio. Backed by the leading real estate company in Hangzhou, BINJIANG Group, and actively expanding outward, the company's property management scale continues to rise steadily. The company has long focused on the high-quality property management market, with management fees significantly higher than the market average. Since 2023, the company has developed hard decoration services within its 5S value-added services, becoming a new growth point for performance. The company is optimistic about the growth potential brought by its deep cultivation of the Hangzhou market and high-quality services
