China Resources Mixc Lifestyle Services (1209) investor relations material

Executive summary

• Revenue reached RMB18.02 billion for 2025, up 5.1% year-over-year, with gross profit of RMB6.41 billion, up 13.3% year-over-year, and net profit attributable to shareholders of RMB3.97 billion, up 10.3% year-over-year.

• Core net profit (non-HKFRS) was RMB3.95 billion, up 13.7% year-over-year, and gross profit margin improved to 35.5% from 33.0% last year.

• Final dividend of RMB0.509 per share and special dividend of RMB0.341 per share were declared, totaling RMB1.731 per share for the year, a 12.7% increase year-over-year.

• The group maintained a 100% payout of core net profit for the third consecutive year.

Financial highlights

• Commercial management business revenue grew 10.1% year-over-year to RMB6.91 billion; property management business revenue grew 1.1% to RMB10.85 billion; ecosystem business revenue surged 72.2% to RMB0.27 billion.

• Gross profit margin increased by 2.5 percentage points to 35.5%.

• Net profit per share was RMB1.739; core net profit per share was RMB1.731.

• Effective net cash flow (non-HKFRS) was RMB4.44 billion, with a coverage ratio to core net profit of 1.1x.

• No bank loans or borrowings; gearing ratio at 46.0%, up 3.3 percentage points year-over-year.

Outlook and guidance

• Focus on high-quality, sustainable growth through a dual strategy of organic and extensional growth.

• Plans to deepen the “2+1” business model (commercial management, property management, membership), strengthen technology and innovation, and drive organizational transformation.

• 2026 marks the start of the 15th Five-Year Plan, with emphasis on lean operations, technological empowerment, and ecosystem synergies.