Core Viewpoint - The Hong Kong stock market experienced a rise followed by a pullback, with the Hang Seng Index reaching a new high for the phase [1] Group 1: Market Performance - The three major indices in Hong Kong opened higher, with the Hang Seng Index up by 0.09%, the Hang Seng China Enterprises Index up by 0.21%, and the Hang Seng Tech Index up by 0.4% [1] - Large technology stocks mostly showed an upward trend, with JD.com rising by 1.66%, Baidu by 1.55%, and Tencent, NetEase, and Alibaba also in the green, while Xiaomi saw a slight decline [1] Group 2: Sector Performance - Property management stocks surged, with Yashang Life Services rising nearly 12% after issuing a positive earnings forecast, while Evergrande Property, Country Garden Services, and Poly Property also saw gains [1] - Other sectors such as traditional Chinese medicine, coal, lithium battery, internet healthcare, Chinese brokerage firms, and Apple-related stocks generally rose [1] - Conversely, gaming stocks declined, with Sands China dropping over 3% post-earnings, and the biopharmaceutical sector showed mixed results, with Genscript Biotech falling over 3% [1] - Some new consumption concept stocks, including Laopuyin and Nayuki Tea, also experienced declines [1]

Core Viewpoint - The company expects a significant improvement in shareholder profit for the first half of 2025, projecting between RMB 300 million to 400 million, compared to a loss of RMB 1.63 billion in the same period of 2024 [1] Financial Performance - The anticipated profit for the first half of 2025 represents a notable recovery from the substantial loss recorded in 2024 [1] - The company will not incur additional large impairment provisions in the first half of 2025, unlike the previous year when it made significant provisions for receivables from related parties [1] Operational Strategies - The company has effectively managed receivables from related parties and real estate companies through various strategies, including revising contract credit terms, adjusting business models, seeking asset offsets, and initiating lawsuits [1] - There is an expectation of improved operating cash flow compared to the same period in 2024 [1]

Core Viewpoint - The company, 雅生活服务 (3319.HK), expects a significant turnaround in its financial performance, projecting a profit attributable to shareholders of approximately 300 million to 400 million yuan for the six months ending June 30, compared to a loss of 1.63 billion yuan in the same period last year [1] Financial Performance - The expected profit turnaround is primarily due to the substantial impairment provisions for receivables from related parties made in the same period of 2024 [1] - The company has effectively controlled the balance of receivables from related parties and real estate enterprises through various measures, including revising contract credit terms, adjusting business models, actively seeking asset recovery, and initiating lawsuits [1] Operational Strategy - The company is focusing on operating profit and cash flow, strictly controlling external value-added services related to real estate to ensure only high-quality businesses with stable cash flow are retained [1] - There is an optimization of the project structure in property management and urban services to ensure stable operating profits and cash flow [1] - The company anticipates an improvement in operating cash flow compared to the same period in 2024 [1]

Core Viewpoint - The company, 雅生活服务 (Yasheng Life Services), expects its unaudited profit attributable to shareholders for the six months ending June 30, 2025, to be between approximately RMB 300 million and RMB 400 million, a significant recovery from a loss of RMB 1.63 billion in the same period of 2024 [1] Financial Performance - The expected profit increase is primarily due to the substantial impairment provision for related party trade receivables made in the same period of 2024 [1] - The company anticipates no new large impairment provisions for related party trade and other receivables for the six months ending June 30, 2025 [1] Operational Strategy - The company has effectively controlled the balance of receivables from related parties and real estate enterprises through various measures, including revising contract credit terms, actively adjusting business models, seeking asset compensation, and initiating lawsuits [1] - The company is focusing on operating profit and cash flow, strictly controlling external value-added services related to real estate to ensure only high-quality businesses with stable cash flow are retained [1] - The project structure for property management and urban services is being optimized to ensure stable operating profits and cash flow [1] Cash Flow Expectations - The company expects an improvement in operating cash flow compared to the same period in 2024 [1]

Core Viewpoint - The company, 雅生活服务 (Yasheng Life Services), anticipates a significant increase in shareholder profit for the six months ending June 30, 2025, projected between RMB 300 million to RMB 400 million, contrasting with a loss of RMB 1.63 billion for the same period in 2024 [1] Financial Performance - The expected profit increase is primarily attributed to the substantial impairment provision for related party trade receivables made in the same period of 2024 [1] - The company has effectively controlled the balance of receivables from related parties and real estate enterprises through various measures, including revising contract credit terms and actively seeking asset compensation [1] Operational Strategy - The company is focusing on operating profit and cash flow, strictly controlling the extension of value-added services related to real estate to ensure only high-quality businesses with stable cash flow are retained [1] - There is an optimization of project structure in property management and urban services to ensure projects maintain stable operating profits and cash flow [1] - The company expects an improvement in operating cash flow compared to the same period in 2024 [1]

Core Viewpoint - The company, 雅生活服务 (03319), anticipates a significant turnaround in its financial performance, projecting a profit of approximately RMB 300 million to RMB 400 million for the six months ending June 30, 2025, compared to a loss of RMB 1.63 billion for the same period in 2024 [1] Financial Performance - The expected profit increase is primarily attributed to the substantial impairment provisions for trade receivables from related parties that were made in the same period of 2024 [1] - The company has effectively controlled the balance of trade receivables from related parties and real estate enterprises through various measures, including revising contract credit terms, adjusting business models, actively seeking asset compensation, and initiating lawsuits [1] - The company does not anticipate any new large impairment provisions for trade and other receivables from related parties for the six months ending June 30, 2025 [1] Operational Strategy - The company is focusing on operating profit and cash flow, strictly controlling the extension of value-added services related to real estate to ensure only high-quality businesses with stable cash flows are retained [1] - There is an optimization of the project structure for property management and urban services to ensure projects generate stable operating profits and cash flows [1] - The company expects an improvement in operating cash flow compared to the same period in 2024 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 A-LIVING SMART CITY SERVICES CO., LTD. * 雅生活智慧城市服務股份有限公司 （於中華人民共和國註冊成立的股份有限公司） (股份代號：3319) 內幕消息 股東及潛在投資者務請仔細閱讀本公司截至2025年6月30日止六個月之中期業績公告， 該公告預期於 2025 年 8 月刊發。 股東及潛在投資者於買賣本公司股份時務須審慎行事。 承董事會命 雅生活智慧城市服務股份有限公司 正面盈利預告 本公告乃雅生活智慧城市服務股份有限公司 (「本公司」，連同其附屬公司統稱「本集 團」) 遵照香港聯合交易所有限公司證券上市規則 (「上市規則」) 第13.09(2)(a)條及香 港法例第 571 章《證券及期貨條例》第 XIVA 部內幕消息條文（定義見上市規則）而 作出。 本公司董事會 (「董事會」) 謹此知會本公司股東(「股東」)及潛在投資者，基於對截 至2025年6月30日止六個月 ...

Core Viewpoint - The property service industry is undergoing significant transformation driven by policy support and societal needs, with a focus on value creation rather than mere expansion [1][3]. Policy and Market Trends - The industry is encouraged to align quality with pricing, moving away from discounting strategies, and facing higher compliance demands regarding labor costs [3]. - Short-term fluctuations are expected, but the industry is anticipated to stabilize in the long run, returning to fundamental operational principles [3]. - The average growth rate of the property industry is projected to slow down further in the first half of the year, with state-owned and central enterprises maintaining double-digit growth, while private enterprises show stagnation or reduction in management scale [3][4]. Strategic Shifts - Property companies are increasingly focusing on core cities, reducing their operational footprint from 100 to 50 or even 30 cities, indicating a shift towards independent and market-oriented development [4]. - The trend of divesting underperforming projects, including those developed by parent companies, signals a move towards true independence in the industry [4]. - Future growth pressures for property companies will largely depend on their market capabilities, bidding abilities for third-party contracts, and the proportion of non-residential services [3].

Core Viewpoint - The company, 雅生活服务 (Yale Life Services), has announced a board meeting scheduled for August 26, 2025, to consider and approve its interim results for the six months ending June 30, 2025, along with other matters [1]. Summary by Categories - **Company Announcement** - 雅生活服务 will hold a board meeting on August 26, 2025, to discuss the approval of its interim results [1]. - The interim results will cover the period ending June 30, 2025 [1].

執行董事、總裁（總經理）及首席執行官 (股份代號：3319) 董事會會議召開日期 雅生活智慧城市服務股份有限公司(「本公司」) 董事會(「董事會」) 謹此宣佈，將於 2025年8月26日(星期二) 舉行董事會會議，以考慮及批准本公司及其附屬公司截至2025 年6月30日止六個月之中期業績以及處理其他事項。 承董事會命 雅生活智慧城市服務股份有限公司 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 A-LIVING SMART CITY SERVICES CO., LTD. * 雅生活智慧城市服務股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 李大龍 香港，2025 年 8 月 14 日 於本公告日期，董事會由七名成員組成：即陳卓雄先生 ^ （聯席主席）、王海洋先生 ^ （聯席主 席）、李大龍先生 ^ （總裁（總經理）及首席執行官）、陳思楊先生 ^ （副總裁）、王功虎先生 ^^^ 、翁國強先生 ^^^ 及黎家河先生 ^^^ 。 ^ 執行董事 ...