Executive Summary
Fineland Living Services Group Limited reported a challenging QQ4 2024, with revenue of 91.51 million CNY, down 12.5% year over year, and a material margin compression that drove an operating loss of 32.06 million CNY and a net loss of 31.13 million CNY. The quarterly gross margin declined to 11.62% from 16.62% in the prior-year period, underscoring cost pressures and mix shifts in the Chinese real estate services market. Despite the bottom-line weakness, the company generated positive operating cash flow of 17.26 million CNY and delivered free cash flow of 16.62 million CNY, reflecting working-capital management and non-cash adjustments that supported liquidity.
Key Performance Indicators
QoQ: 0.00% | YoY:-350.46%
Key Insights
Revenue: 91.51m CNY in Q4-2024, YoY -12.51%, QoQ 0.00%. Gross Profit: 10.64m CNY, Gross Margin 11.62%, YoY -38.81%, QoQ 0.00%. Operating Income: -32.06m CNY, Operating Margin -35.04%, YoY -350.46%, QoQ 0.00%. EBITDA: -29.45m CNY, EBITDA Margin: -32.18%. Net Income: -31.13m CNY, Net Margin: -34.02%, YoY -65.15%, QoQ 0.00%. Earnings per Share (EPS): -0.0778 CNY, Diluted EPS: -0.0778 CNY, YoY -65.18%, QoQ 0.00%. Cash Flow: CFO 17.26m CNY, Capex -0.64m CNY, Free Cash Flow 16.62m CNY. Balance Sheet s...
Financial Highlights
Revenue: 91.51m CNY in Q4-2024, YoY -12.51%, QoQ 0.00%. Gross Profit: 10.64m CNY, Gross Margin 11.62%, YoY -38.81%, QoQ 0.00%. Operating Income: -32.06m CNY, Operating Margin -35.04%, YoY -350.46%, QoQ 0.00%. EBITDA: -29.45m CNY, EBITDA Margin: -32.18%. Net Income: -31.13m CNY, Net Margin: -34.02%, YoY -65.15%, QoQ 0.00%. Earnings per Share (EPS): -0.0778 CNY, Diluted EPS: -0.0778 CNY, YoY -65.18%, QoQ 0.00%. Cash Flow: CFO 17.26m CNY, Capex -0.64m CNY, Free Cash Flow 16.62m CNY. Balance Sheet snapshot: Cash and equivalents 64.77m CNY; Total current assets 245.18m CNY; Total assets 366.74m CNY; Total current liabilities 273.19m CNY; Total liabilities 281.02m CNY; Total equity 34.06m CNY (Retained earnings -37.98m CNY). Net debt: -63.77m CNY (net cash). Current ratio ~0.90, indicating near-term liquidity pressure despite net cash position due to high current liabilities. Notable items: Goodwill 39.83m CNY; Intangibles 17.79m CNY; Goodwill and intangibles total 57.62m CNY.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
91.51M |
-12.51% |
0.00% |
| Gross Profit |
10.64M |
-38.81% |
0.00% |
| Operating Income |
-32.06M |
-350.46% |
0.00% |
| Net Income |
-31.13M |
-65.15% |
0.00% |
| EPS |
-0.08 |
-65.18% |
0.00% |
Management Commentary
Note: Earnings call transcript data were not provided in the input. As a result, no management quotes or transcript-derived themes can be cited. The analysis below incorporates reported results and filings. When a transcript becomes available, we can extract quotes and enrich this section with management commentary on strategy, operations, and market conditions.
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Forward Guidance
No explicit forward guidance was provided in the supplied data. Given the macro backdrop for China's real estate services market, the near-term outlook hinges on: (1) stabilization or improvement in real estate activity and transaction volumes, (2) continued demand for professional property management and value-added services, and (3) ongoing cost-control and efficiency initiatives. Investors should monitor any management commentary on revenue mix evolution (e.g., higher-margin IT/software services and community value-added services), potential pricing or service-line optimization, and capital allocation plans. Our assessment: buy-in from policy tailwinds or margin stabilization would be needed to meaningfully alter the earnings trajectory from the QQ4 results.