New Hope Service Holdings Limited reported QQ4 2024 revenue of 385,866,500 CNY, up 16.8% year over year, with gross profit of 108,854,500 CNY and a gross margin of 28.2%. Operating income stood at 73,767,000 CNY (operating margin 19.12%), resulting in net income of 54,325,000 CNY (net margin 14.08%) and EPS of 0.0667 CNY. The company posted EBITDA of 77,175,000 CNY, contributing to an EBITDARatio of approximately 20.00%. The result represents disciplined profitability against a backdrop of steady revenue growth, driven by scale gains in property management and related services.
Financial position remains exceptionally strong: total assets of 2.084 billion CNY contrasted by total liabilities of 756.3 million CNY yields equity of 1.246 billion CNY. The balance sheet shows a robust liquidity profile with cash and cash equivalents of 1.057 billion CNY and a current ratio of 2.29, alongside a net debt position of -980.4 million CNY (net cash), underscoring substantial financial flexibility to pursue growth initiatives or selective tuck-in acquisitions. Earnings quality is reinforced by a modest leverage footprint (total debt to capitalization around 5.85%) and a high cash conversion framework, albeit with a relatively high days sales outstanding (DSO) of about 105 days.
Overall, the QQ4 2024 print supports an affirmative investment stance: steady growth in revenue and earnings, resilient margins, and a strong balance sheet position the company well within the China Real Estate Services peer group for potential consolidation, geographic expansion, or service-line diversification. Investors should monitor any incremental capex plans, potential non-owner value-added service expansion, and broader Chinese real estate market cycles that could influence demand for property and community services.