Lushang Life Services Co., Ltd. Class H

Lushang Life Services Co., Ltd. Class H

HHKEX:2376
2.61
HKD
0.00
(0.00%)
152.04MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.41
3.02
4.37
5.39
7.28
4.59
4.2
- -
Basic EPS, GAAP
0.22
0.34
0.57
0.66
0.34
0.34
0.25
- -
Free Cash Flow per Basic Share
0.22
0.12
-0.08
-0.09
-0.09
-0.1
- -
- -
Dividend per Share
- -
- -
- -
- -
0.19
0.01
0.1
- -
Book Value per Share
0.88
1.93
2.24
3.75
3.93
4.24
4.39
4.24
Tangible Book Value per Share
0.88
1.93
2.23
3.74
3.93
4.23
4.39
4.23
Basic Weighted Avg Shares
133
133
133
116
131
133
136
133
Sales/Revenue/Turnover
321
403
583
628
957
609
571
- -
Operating Margin (%)
11.12
13.66
16.27
14.84
4.79
10.94
10.5
- -
Depreciation Expense
1
2
5
3
3
3
2
- -
Net Income, GAAP
29
45
76
77
45
45
34
- -
Effective Tax Rate (%)
27.35
22.97
21.26
22.47
19.04
23.65
25.04
- -
Profit Margin (%)
9.01
11.25
13.01
12.25
4.71
7.41
5.95
- -
Working Capital
95
233
234
440
428
465
450
465
LT Debt
- -
- -
2
3
2
- -
1
- -
Total Equity
117
258
300
503
529
569
590
569
Return on Invested Capital (%)
- -
14.63
20.48
19.15
9.06
7.3
6.15
- -
Return on Capital (%)
- -
18.93
22.84
18.66
8.56
8.18
5.77
- -
Return on Common Equity (%)
- -
24.18
27.24
19.24
8.8
8.28
5.9
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
- -
8
8
LT Borrowings
- -
- -
- -
LT Finance Leases
2
2
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
133
133
133
Market Capitalization
230
165
143

Working Capital

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
803
801
825
Cash, Cash Equivalents & STI
413
387
427
Accounts Receivable, Net
295
296
276
Inventories
3
16
7
Total Current Liabilities
375
354
360
Payables & Accruals
- -
- -
- -
ST Debt
- -
8
8
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
20.08%
3.77%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
0.54%
-24.71%
Sales/Revenue/Turnover
- -
12.43%
-6.28%
Total Cash Common Dividend
- -
- -
1,843.98%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
957
2024
- -
- -
609
2025
- -
- -
571

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.34
2024
- -
- -
0.34
2025
- -
- -
0.25

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.19
2024
- -
- -
0.01
2025
- -
- -
0.1

Company Description

CEO
Dao Ju Ning
Full Time Employees
1,310
Sector
Finance
Industry
Real estate development
Address
Room 202, Block 2 Jinan SD China
IPO Date
Jul 8, 2022
Business
Lushang Life Services Co., Ltd. operates as a comprehensive property management service provider primarily in Shandong Province, China. The company offers property management services, community value-added services, and value-added services to non-property owners. Its property management services include residential and commercial property upkeep and administration. Community value-added services encompass a variety of lifestyle and facility services designed to enhance residents' living quality, while value-added services to non-property owners include business and technical services related to property management and community development. The company also engages in elevator installation, repair, and maintenance through its acquisition of Daantong Mechanical and Electrical Company. Lushang Life Services operates retail catering outlets including smart restaurants, expanding its service ecosystem under a "Property +" business strategy. The firm was founded in 2015 and is headquartered in Shandong, China. Recent strategic developments include the acquisition of 100% equity interest in Daantong in March 2024, strengthening its mechanical and electrical service capabilities. It has expanded its catering business with new store openings and smart restaurant projects. The company has renewed key continuing connected transactions and revised annual caps related to property management and related services agreements with affiliated enterprises, ensuring operational continuity through 2026–2028. Lushang Life Services also implements a comprehensive "Three Seize" policy to increase market share through winning bids on state-owned enterprise projects and deepening its customer base and ecosystem services. The company is listed on the Hong Kong Stock Exchange under ticker 2376.HK. Lushang Life Services is part of the broader Lushang Freda Pharmaceutical Group, which is its immediate parent company, integrating property management services with medical and community ecosystems. Its revenue breakdown highlights property management services as the largest contributor, followed by community value-added services and non-property owner value-added services. The company continues to expand its operational footprint and diversify its service offerings in line with its strategic focus on improving service quality and ecosystem integration.