Yuexiu Services Group (6626) H1 2025 earnings summary

Executive summary

• Revenue remained stable at RMB1,961.9 million for 1H2025, with non-commercial property management and value-added services contributing 81.1% and commercial services 18.9%.

• Net profit attributable to owners was RMB239.7 million, down 13.7% year-over-year; net profit margin declined to 12.4%.

• GFA under management grew 4.3% to 72.3 million sq.m.; contracted GFA up 4.2% to 92.5 million sq.m.

• The company repurchased 8.26 million shares for HKD24.6 million, all cancelled by April 2025.

• Continued focus on high-quality growth, digital transformation, and customer experience enhancement.

Financial highlights

• Gross profit margin decreased to 21.3% from 25.9% year-over-year.

• Net profit margin declined to 12.4% from 14.7%.

• Basic EPS was RMB0.16, down from RMB0.18.

• Cash and cash equivalents plus time deposits stood at RMB4,791.1 million as of 30 June 2025.

• Interim dividend per share was RMB0.08 (HKD0.088), with a payout ratio of 50%.

Outlook and guidance

• Strategy centers on high-quality expansion in core cities and high-potential segments, with a shift to service quality and high-value customer focus.

• Emphasis on digital-intelligent transformation, proprietary products, and smart community solutions.

• Continued risk assessment in new project selection and customer-centric innovation.