Summary by Moomoo AI
FUSION SERVICES HOLDINGS LIMITED (THE “COMPANY”) IS LISTED ON THE MAIN BOARD OF THE HONG KONG STOCK EXCHANGE LIMITED (THE “EXCHANGE”) AND FOCUSES ON INTEGRATED SERVICES FOR MIDDLE AND HIGH END PROPERTY MANAGEMENT AND COMMERCIAL OPERATIONS. In 2023, the company faced economic volatility in China and a warming property market that was not expected, and the government continues to optimize its real estate policy. DESPITE THE RESILIENCE OF THE PROPERTY MANAGEMENT INDUSTRY, THE COMPANY ADJUSTED ITS NON-AFFILIATE BUSINESS, WITH AFFILIATE REVENUE DOWN APPROXIMATELY 56% YEAR-ON-YEAR AND TOTAL REVENUE DOWN SLIGHTLY TO APPROXIMATELY RMB 71.1 BILLION. Company owners accounted for a loss of approximately RMB4.35 billion, but core net profit grew by about 3% year-on-year and net cash flow generated from...Show More