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A-Living Reports H1 Revenue of ¥6.06 Billion, Driven by Non-Cyclical Businesses
A-Living Smart City Services Co., Ltd. (3319.HK) reported total revenue of ¥6.06 billion for the first half of the year, underscoring the stability of its core operations. In its mid-term results announcement on August 28, the property management firm also proposed an interim dividend of ¥0.05 per share.
Financial Performance Highlights
According to the company's report, A-Living generated a gross profit of ¥890 million and an adjusted net profit of ¥539 million. The results demonstrate a strong reliance on its primary service lines, with non-cyclical businesses contributing the vast majority of its income.
Key financial takeaways include:
- Non-cyclical revenue: Property services, owner value-added services, and city services collectively generated ¥6.03 billion, accounting for 99.5% of total revenue.
- Gross Margin: The company stated its gross profit margin remained stable with a slight increase.
- Shareholder Returns: The board's recommendation for an interim dividend continues its policy of providing returns to shareholders.
Operational Scale and Strategic Expansion
AdA-Living continues to execute its "City Map" strategy, focusing on high-quality expansion in economically developed urban centers. As of June 30, over 74% of its managed area is located in first- and second-tier cities.
The company reported that its total gross floor area (GFA) under management reached 493 million square meters across 3,847 projects. Notably, projects from third-party developers now represent approximately 81.8% of the total GFA, highlighting its success in the independent market. The company also secured new contracts with clients such as SF Fengtai's industrial parks.
Technology and Service Enhancements
To support its quality-focused growth, A-Living has been investing in technology and service improvements. The company is accelerating its digital transformation with a self-developed "5S Smart System," which leverages AI and IoT to enhance operational efficiency.
In its residential services segment, A-Living has restructured its product system to better meet diverse customer needs. The company reported that its customer satisfaction rate increased by 0.9 percentage points compared to the full-year 2023 figure.
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