SCE CM announced its 2024 performance, with profit attributable to the owners of the parent company amounting to HKD 56.957 million, a year-on-year decrease of 77.84%

SCE CM announced its 2024 performance, with revenue of approximately RMB 1.2129 billion, a year-on-year decrease of 2.78%. The profit attributable to the parent company was RMB 56.957 million, a year-on-year decrease of 77.84%. The total revenue of the commercial property management and operation services segment was approximately RMB 396.6 million, a year-on-year decrease of 4.7%; the total revenue of the residential property management services segment was approximately RMB 816.4 million, a slight year-on-year decrease of 1.8%. The decrease in profit was mainly due to the sluggish macroeconomic environment, leading to a reduction in value-added service revenue and impairment losses on trade receivables