Leju Finance Wu Wenting On March 22, Suxin Service released its annual performance announcement for the year ending December 31, 2023.

According to the announcement, the company will achieve revenue of 725 million yuan in 2023, with a year-on-year growth of 35.7%; The profit attributable to owners of the company was 74.43 million yuan, up 16.1% year on year.

It is worth mentioning that the urban service revenue of Suxin services will increase by about 76.5% from about 257 million yuan as of December 31, 2022 to about 453 million yuan as of December 31, 2023.

In this regard, Suxin Service explained that it was mainly because of the expansion of urban service integration projects provided by the Group as of December 31, 2023, and the addition of public construction projects such as schools, hospitals, sports centers, etc., which were provided with property management services by the Group, which led to an increase in revenue from municipal infrastructure services.

However, the Group's trade receivables increased by about 67.2% from about 177 million yuan as of December 31, 2022 to about 295 million yuan as of December 31, 2023, mainly due to the expansion of urban services provided by the Group as of December 31, 2023, and the unsettled payment related to multiple urban service integration projects, which led to an increase in trade receivables.

According to the data, Suxin Service is an urban service and property management service provider deeply rooted in the Yangtze River Delta, especially in Suzhou.