永升生活服務 (1995 HK) 2020 年業績符合預期,維持高質量發展永升生活服務 (1995 HK) 2020 年業績符合預期,維持高質量發展 May 27, 2021 222

PSR Recommendation: BUY Status: Upgraded
Target Price: HKDHKD25.87

投資概要
永升生活服務公布截至 2020 年 12 月 31 日止年度的全年業績,公司收入錄得人民幣
31.20 億元,同比增加 66.1%,符合我們預期(預期:人民幣 31.34 億元)。整體毛利
率同比增加 1.8 ppts 至 31.4%,略勝預期(預期:30.6%)。全年淨利為人民幣 3.90 億
元,同比增加 74.4%,較我們預期低(預期:人民幣 4.15 億元),主要差異在於非控
股權益應佔溢利較我們預期為高(實際 vs 預期:人民幣 0.52 億 vs 0.38 億)。公司宣派
末期股息每股港元 8.38 仙,派息比率為 30%。

About the author

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Timothy Chong
Analyst
Research

Timothy Chong received Bachelor’s Degree with first class honor in Banking and Finance from University of Leicester. He is currently studying Master of investment management in Hong Kong Polytechnic University. Before joining Phillip Securities, Timothy worked at BOCOM international and he is equipped with years of experience in the capital market. Timothy is now a licensed research analyst at Phillip Securities and covers Consumer / Property Management sectors.

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