Core Viewpoint - In 2025, Evergrande Property faces dual challenges of industry-wide pressures and specific historical issues, initiating a transformation centered on "breaking the deadlock" and "restructuring," focusing on quality and efficiency to improve operational fundamentals, cash flow, and asset structure, demonstrating strong operational resilience [1][12]. Financial Quality - Revenue for Evergrande Property reached 13.678 billion yuan in 2025, a year-on-year increase of 7.2%, maintaining a steady growth trend [2][13]. - Gross profit was 2.505 billion yuan, up 2.5%, with a gross margin of 18.3%, down 0.9 percentage points; net profit was 1.009 billion yuan, down 2.2%, with a net margin of 7.4%, down 0.7 percentage points, primarily due to increased investments in service quality and digital platform development [2][13]. - Cash and cash equivalents reached 4.190 billion yuan, a significant increase of 55.32% year-on-year, driven by increased net cash inflow from operating activities [3][14]. Business Structure and Revenue Composition - Property management service revenue was 11.498 billion yuan, up 7.6%, accounting for 84.1% of total revenue, with core property management service revenue at 11.470 billion yuan, up 8.3%, driven by an expanded managed area and improved collection rates [3][14]. - Community life service revenue was 1.009 billion yuan, up 10.7%, becoming a key growth driver, with significant contributions from convenience services, community retail, home services, and cultural tourism services [4][15]. - Asset management service revenue was 798 million yuan, up 2.7%, with a high gross margin of 48.7%, contributing significantly to profitability [5][16]. Market Expansion - By the end of 2025, Evergrande Property managed an area of 601 million square meters, providing a stable customer base and revenue source [7][18]. - Third-party revenue reached 13.645 billion yuan, up 7.7%, accounting for 99.8% of total revenue, indicating a steady increase in market independence and core capabilities [7][18]. - Non-residential projects accounted for 80% of new signed projects, with significant growth in sectors like rail transit and healthcare, enhancing the company's competitive edge [8][19]. Service Quality - Evergrande Property emphasizes a customer-centric service philosophy, focusing on improving service quality through various initiatives, including facility upgrades and standardized communication [9][20]. - The company has integrated AI and data-driven approaches to enhance operational efficiency and customer experience, covering over 90% of managed areas and reaching nearly 400,000 customers [10][21]. Overall Outlook - Evergrande Property is gradually reducing reliance on related parties, accelerating market development, and improving financial health and core competitiveness, positioning itself for resilient growth amid industry transformation [11][23].

Group 1 - The core viewpoint of the article is that Evergrande Property has released its financial performance for the year 2025, showing mixed results in revenue and profit metrics [2] Group 2 - The company's total revenue for 2025 is approximately RMB 13.677 billion, representing a year-on-year growth of about 7.2% [2] - The gross profit for the year is approximately RMB 2.504 billion, with a year-on-year increase of about 2.5% [2] - The net profit for 2025 is approximately RMB 1.009 billion, reflecting a year-on-year decline of about 2.2% [2] - Profit attributable to the company's owners is approximately RMB 986 million [2] Group 3 - As of the end of the reporting period, the company's cash and cash equivalents amount to approximately RMB 4.189 billion, showing a year-on-year increase of about 55.3% [2] - The total managed area by the company is approximately 601 million square meters [2] - During the year, the company signed new third-party contracts covering an area of approximately 45 million square meters, with a contract annual revenue exceeding RMB 1.1 billion, which is a year-on-year growth of about 7.3% [2]

Group 1: Financial Performance - The company reported a revenue of RMB 13.678 billion for the year ending December 31, 2025, representing a year-on-year growth of 7.2% [2] - The profit attributable to the company's owners was RMB 986.6 million, a decrease of 3.4% compared to the previous year [2] - Basic earnings per share stood at RMB 0.09 [2] Group 2: Profit Margins - The gross margin for property management services is expected to decline from approximately 16.0% in 2024 to about 15.2% in 2025, a decrease of around 0.8 percentage points [1] - The gross margin for basic property management services is projected to decrease from approximately 16.0% in 2024 to about 15.3% in 2025, primarily due to increased investments in service quality and facility upgrades [1] - The gross margin for community living services is anticipated to drop from approximately 22.3% in 2024 to about 21.1% in 2025, mainly due to investments in equipment and supply chain enhancements [1] Group 3: Operational Metrics - As of December 31, 2025, the total managed area by the company is approximately 601 million square meters [1] - The company signed new contracts for an additional area of approximately 45 million square meters during the year, with annual contract revenue exceeding RMB 1.1 billion, reflecting a year-on-year growth of about 7.3% [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之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何 責任。 Evergrande Property Services Group Limited 恒大物業集團有限公司 （於開曼群島註冊成立的有限責任公司） (a) 就物業管理服務而言，本集團管理的物業涉及由個別業主持有的已售單位及由中國恒 大（清盤中）集團持有的未售單位。由於基礎物業服務主要針對物業的共有部分，其作 為一個整體具有物理和管理上的不可分割性。本集團將無法從其管理項目中剔除未售 單位。此外，本集團在管理各物業時，將不會為未售單位承擔額外成本。 – 1 – 為確保符合上市規則第14A章的規定，本公司原本擬與中國恒大（清盤中）訂立新框架協 議，條款與2023年持續關連交易協議大致相若，載列本集團成員與中國恒大（清盤中）集 團成員之間的持續關連交易的主要條款及2026年度上限。 （股份代號：6666） 持續關連交易 本公司之獨立財務顧問 1. 背景 茲提述2023年持續關連交易協議，該等協議為框架協議，載列本 ...

Core Viewpoint - Evergrande Property (06666) reported a revenue of 13.678 billion RMB for the year ending December 31, 2025, representing a year-on-year growth of 7.2%. However, the profit attributable to shareholders decreased by 3.4% to 986.6 million RMB, with basic earnings per share at 0.09 RMB [1]. Financial Performance - Revenue for the year reached 13.678 billion RMB, marking a 7.2% increase compared to the previous year [1]. - Profit attributable to shareholders was 986.6 million RMB, reflecting a decline of 3.4% year-on-year [1]. - Basic earnings per share stood at 0.09 RMB [1]. Profit Margins - The gross margin for property management services decreased from approximately 16.0% in 2024 to about 15.2% in 2025, a decline of around 0.8 percentage points [1]. - The gross margin for basic property management services fell from approximately 16.0% in 2024 to about 15.3% in 2025, a decrease of about 0.7 percentage points, primarily due to increased investments in service quality and project upgrades [1]. - The gross margin for community living services decreased from approximately 22.3% in 2024 to about 21.1% in 2025, a decline of about 1.2 percentage points, attributed to increased purchases of equipment and investments in supply chain and digital platform development [1]. Operational Metrics - As of December 31, 2025, the total managed area was approximately 601 million square meters [1]. - The company signed new contracts for approximately 45 million square meters during the year, with annual saturated contract revenue exceeding 1.1 billion RMB, representing a year-on-year growth of about 7.3% [1].

Core Viewpoint - Evergrande Property (06666.HK) reported a projected revenue of approximately RMB 13.678 billion for 2025, reflecting a year-on-year growth of about 7.2% [1] Financial Performance - The company's gross profit is expected to be around RMB 2.505 billion, showing a year-on-year increase of approximately 2.5% [1] - Net profit is projected to be about RMB 1.009 billion, which represents a year-on-year decline of approximately 2.2% [1] - Profit attributable to the company's owners is estimated at RMB 0.987 billion, with basic earnings per share of approximately RMB 0.09 [1] Operational Metrics - As of December 31, 2025, the total area managed by the company is expected to be around 601 million square meters [1] - The company signed new contracts for approximately 45 million square meters during the year, with a total contract revenue exceeding RMB 1.1 billion, marking a year-on-year growth of about 7.3% [1]

Financial Performance - The group reported a total revenue of approximately RMB 13,677.6 million, representing a year-on-year increase of about 7.2%[5] - Gross profit for the year was approximately RMB 2,504.6 million, reflecting a year-on-year growth of about 2.5%[5] - Net profit amounted to approximately RMB 1,009.1 million, showing a year-on-year decline of about 2.2%[5] - For the fiscal year ending December 31, 2025, the company's revenue reached RMB 13,677,623 thousand, an increase of 7.2% from RMB 12,756,687 thousand in 2024[20] - The property management services segment generated RMB 11,498,178 thousand in revenue for 2025, up from RMB 10,688,681 thousand in 2024, reflecting an increase of 7.6%[20] - Other income for the fiscal year 2025 totaled RMB 104,227 thousand, a significant decrease of 43.7% compared to RMB 185,275 thousand in 2024[26] - The company reported a profit attributable to owners of RMB 986,573, down 3.3% from RMB 1,020,987 in 2024[34] - Community life service revenue for 2025 is expected to be nearly RMB 150 million, a year-on-year increase of about 36.8%[59] - Asset management transactions for 2025 are projected to exceed RMB 6.9 billion, with revenue exceeding RMB 100 million, a year-on-year growth of about 42.1%[59] Assets and Liabilities - Total assets reached approximately RMB 9,614.6 million, compared to RMB 8,710.3 million in the previous year[7] - Total liabilities decreased slightly to approximately RMB 7,664.8 million from RMB 7,733.2 million[8] - The equity attributable to the owners of the company increased significantly to approximately RMB 1,603.6 million from RMB 554.6 million[7] - The company reported contract liabilities of RMB 2,623,690 thousand as of December 31, 2025, a decrease of 4.8% from RMB 2,755,007 thousand on January 1, 2024[22] - The company's contract liabilities decreased to approximately RMB 2,623.7 million as of December 31, 2025, down by about RMB 131.3 million from RMB 2,755.0 million as of December 31, 2024, mainly due to a reduction in prepaid property service fees[91] Cash Flow and Financial Position - Cash and cash equivalents increased to approximately RMB 4,189.5 million, marking a year-on-year growth of about 55.3%[5] - The company's cash and cash equivalents totaled approximately RMB 4,310.5 million as of December 31, 2025, an increase of about RMB 1,475.6 million from RMB 2,834.9 million as of December 31, 2024, primarily due to increased net cash inflow from operating activities[93] - The company's current ratio improved to approximately 1.01 times as of December 31, 2025, compared to 0.87 times as of December 31, 2024[93] - As of December 31, 2025, the company had no borrowings, resulting in a capital debt ratio of zero[93] Operational Highlights - The group managed an area of approximately 601 million square meters, with new signed contracts totaling approximately 45 million square meters, generating a contract revenue of over RMB 1.1 billion, up about 7.3% year-on-year[3] - The total managed area increased to approximately 601 million square meters by December 31, 2025, up about 2.2 million square meters from 579 million square meters as of December 31, 2024[73] - The company’s management services include property management, community living services, asset management, and community operation services, with the majority of revenue generated from these segments[18] - The company is transitioning from traditional service providers to integrated service operators, focusing on "property + lifestyle services" to enhance growth potential[52] - The group plans to enhance core competitiveness through service value deepening, market expansion, and technological innovation[63] Employee and Governance - The total employee cost for the year was approximately RMB 6,717.7 million, with a total of 100,567 employees as of December 31, 2025[102] - The number of key management personnel increased to 8 in 2025 from 5 in 2024, with total compensation rising to RMB 9,801,000 from RMB 5,646,000[49] - Total training hours for all employees reached 700,000 hours, with an average training time of 7 hours per employee[104] - The company has complied with all applicable code provisions of the Corporate Governance Code as of December 31, 2025[113] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements for the year ending December 31, 2025[117] Challenges and Future Outlook - The company faced challenges with accounts receivable collection, leading to extended collection periods and increased cash flow pressure[52] - The company has faced significant uncertainties regarding the recovery of losses related to deposit pledges, with ongoing litigation against China Evergrande Group and related parties[99] - The company is actively pursuing organizational changes and digital transformation to strengthen its operational foundation and ensure sustainable development[53] - The company aims to balance cost reduction and quality improvement amid rising rigid costs and regulatory challenges in the industry[52] - The company is committed to integrating technology and data to drive growth and enhance service quality, focusing on AI-driven innovations[67]

Group 1 - The company, Evergrande Property (06666.HK), announced that it will hold a board meeting on March 27, 2026, to consider and approve the annual performance for the year ending December 31, 2025, and to discuss the potential distribution of a final dividend, if any [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分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。 Evergrande Property Services Group Limited 恒大物業集團有限公司 （於開曼群島註冊成立的有限責任公司） （股份代號：6666） 董事會會議召開日期 承董事會命 恒大物業集團有限公司 執行董事 段勝利 香港，2026年3月17日 於本公告日期，董事會包括執行董事段勝利先生、韓超先生及胡旭先生；非執行董事桑權先生及林五昌先生；及 獨立非執行董事彭燎原先生、文豔紅女士、董心怡先生、林懷漢先生及孔祥達先生。 – 1 – 恒大物業集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈，本公司將於2026 年3月27日（星期五）舉行董事會會議，藉以（其中包括）考慮及批准本公司及其附屬公司截至 2025年12月31日止年度之全年業績及其刊發、考慮建議派發末期股息（如有），以及處理其他 事項。 ...

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之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何 責任。 Evergrande Property Services Group Limited 恒大物業集團有限公司 （於開曼群島註冊成立的有限責任公司） （股份代號：6666） 根據收購守則第3.7條作出的 本公司將在適當時候，或根據上市規則或收購守則（視情況而定）的規定，進一步刊發公告。 警示 本公司股東及潛在投資者應知悉，潛在交易並無保證一定會落實或最終完成，有關討論亦未必 會引致全面要約。現促請本公司股東及公眾投資者買賣本公司股份及╱或其他證券時務必極度 審慎，倘彼等對自身處境有任何疑問，應諮詢其專業顧問。 每月進展更新公告 本公告由恒大物業集團有限公司（「本公司」）根據《公司收購及合併守則》（「收購守則」）第3.7條 作出。 茲提述本公司根據收購守則第3.7條作出的日期為2025年9月11日、2025年10月15日、2025 年11月14日、2025年12月19日、2026年1月13日及2026年2月6日 ...