---
title: "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%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/233630703.md"
description: "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"
datetime: "2025-03-28T12:12:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/233630703.md)
  - [en](https://longbridge.com/en/news/233630703.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/233630703.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/233630703.md) | [繁體中文](https://longbridge.com/zh-HK/news/233630703.md)


# 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%

According to the Zhitong Finance APP, SCE CM (00606) 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%. Earnings per share were 2.9 cents.

During the year, the group's commercial property management and operation services segment achieved total revenue of approximately RMB 396.6 million, a year-on-year decrease of about 4.7%; the managed building area was approximately 1.9 million square meters, a year-on-year decrease of about 8.0%; the number of managed projects was 17, a decrease of 2; and the contracted building area was approximately 4.5 million square meters, a year-on-year decrease of about 9.0%.

The residential property management services segment achieved total revenue of approximately RMB 816.4 million, a slight year-on-year decrease of about 1.8%; the managed building area was approximately 32.5 million square meters, a year-on-year increase of about 16.4%; the number of managed projects was 203, an increase of 30; and the contracted building area was approximately 42.8 million square meters, a slight year-on-year decrease of about 0.9%.

The announcement stated that the decrease in profit was mainly due to the macroeconomic downturn, which led to a reduction in revenue from value-added services with higher gross profit margins and impairment losses on trade receivables

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