Revenue: 6,465,350,000 CNY; YoY growth: 88.92%; QoQ growth: 0.00%
Gross Profit: 939,270,000 CNY; Gross Margin: 14.53%
Operating Income: 587,139,000 CNY; Operating Margin: 9.08%
EBITDA: 850,968,000 CNY; EBITDARatio: 13.16%
Net Income: 350,298,000 CNY; Net Margin: 5.42%
EPS: 0.24 CNY; EPS Diluted: 0.24 CNY; Weighted Avg Shs: 1,419,612,896
Interest Expense: nil; Depreciation & Amortization: 171,200,000 CNY
Tax: 142,493,000 CNY; Effective Tax Rate: 24.1%
Cash Flow: Operating Cash Flow per Share: -0.0821 CNY; Free Cash Flow per Share: -0.105 CNY; Cash per Share: 2.53 CNY; Dividend Payout Ratio: 12.2%; Dividend Yield: 1.15%
Liquidity/Leverage: Current Ratio 1.53x; Quick Ratio 1.53x; Cash Ratio 0.31x; Debt Ratio 2.31%; Debt to Equity 4.85%; Long-Term Debt to Capitalization 1.49%; Total Debt to Capitalization 4.62%; Cash Flow Coverage Ratios negative across several cash-flow metrics
Operational Metrics: Receivables Turnover 0.78x; Days Sales Outstanding ~116 days; Inventory Turnover 163.66x (reflects minimal inventory, service-driven model); Cash Conversion Cycle ~68.75 days
Valuation: P/B 0.383x; P/E 2.65x; P/S 0.575x; EV/Revenue ~1.90x; Dividend Yield 1.15%
Compared to peers (HK listed real estate services): ALiving’s gross margin (~14.5%) lags some peers (e.g., 1516.HK ~21.8%), but net margin (~5.4%) sits mid-pack. The stock trades at a material valuation discount relative to peers, suggesting potential upside if cash conversion improves and margin progression occurs.