Core Viewpoint - Zhengrong Services (06958) reported a revenue of RMB 523 million for the six months ending June 30, 2025, representing a year-on-year decrease of 4.53% [1] - The company recorded a loss attributable to equity holders of RMB 7.52 million, a reduction of 50.31% compared to the previous year [1] - Basic loss per share was RMB 0.01 [1] Revenue Breakdown - Property management services remain the largest revenue source for the company, accounting for approximately 77.2% of total revenue during the reporting period [1] - The decrease in revenue is attributed to the company's ongoing optimization of its property management service portfolio, focusing on expanding higher-margin projects while strategically divesting underperforming ones [1] - The decline in non-owner value-added services is primarily due to a significant drop in demand for co-marketing services and additional customized services [1] - Revenue from commercial operation management services decreased mainly due to a decline in commercial rental income [1]

Core Viewpoint - Zhengrong Services (06958.HK) reported a revenue of approximately RMB 523 million for the six months ending June 30, 2025, representing a year-on-year decrease of about 4.5% [1] Financial Performance - The group's gross profit for the reporting period was approximately RMB 106 million, a decrease of about 5.1% year-on-year [1] - The loss attributable to the parent company for the reporting period was approximately RMB 7.5 million, compared to a loss of approximately RMB 15.1 million in the same period of 2024 [1] Revenue Breakdown - Revenue sources are categorized into four main business segments: 1. Property management services generated approximately RMB 404 million, accounting for about 77.2% of total revenue, with a year-on-year decrease of approximately 1.9% [1] 2. Non-owner value-added services generated approximately RMB 18.3 million, accounting for about 3.5% of total revenue, with a significant year-on-year decrease of approximately 43.4% [1] 3. Community value-added services generated approximately RMB 62.1 million, accounting for about 11.9% of total revenue, maintaining relative stability year-on-year [1] 4. Commercial operation management services generated approximately RMB 38.9 million, accounting for about 7.4% of total revenue, with a year-on-year decrease of approximately 7.2% [1]

Core Viewpoint - Zheng Yilei will be appointed as an independent non-executive director and a member of the audit committee and nomination committee, effective September 1, 2025, following the resignation of Zhang Wei due to other business commitments [1] Group 1 - Zhang Wei has resigned from his position as an independent non-executive director, chairman of the audit committee, and member of the remuneration committee, effective September 1, 2025 [1] - The board has expressed its pleasure in announcing the appointment of Zheng Yilei as the new independent non-executive director [1]

Core Points - Zhang Wei has resigned from his position as an independent non-executive director, chairman of the audit committee, and member of the remuneration committee of Zhengrong Services, effective September 1, 2025 [1] - Zheng Yilei will be appointed as an independent non-executive director and will also serve as a member of the audit committee and the nomination committee, effective September 1, 2025 [1]

[Interim Results and Operations Summary](index=1&type=section&id=Interim%20Results%20and%20Operations%20Summary) The Group's H1 2025 revenue decreased by 4.5% to RMB 523.3 million, gross profit fell 5.1%, and loss for the period significantly narrowed to RMB 6.6 million Financial Highlights | Metric | H1 2025 (RMB million) | H1 2024 (RMB million) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 523.3 | 548.1 | -4.5 | | Gross Profit | 105.5 | 111.2 | -5.1 | | Loss for the Period | (6.6) | (14.9) | -55.7 | | Loss Attributable to Owners of the Parent | (7.5) | (15.1) | -50.3 | | GFA Under Management (million sq.m.) | 78.8 | 80.3 (Dec 31, 2024) | -1.9 | | Interim Dividend | Nil | Nil | - | Revenue by Business Segment | Business Segment | H1 2025 Revenue (RMB million) | Proportion of Total Revenue (%) | H1 2024 Revenue (RMB million) | Proportion of Total Revenue (%) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Property Management Services | 404.0 | 77.2 | 411.8 | 75.1 | -1.9 | | Non-Owner Value-Added Services | 18.3 | 3.5 | 32.3 | 5.9 | -43.4 | | Community Value-Added Services | 62.1 | 11.9 | 62.2 | 11.3 | 0.0 | | Commercial Operation Management Services | 38.9 | 7.4 | 41.9 | 7.7 | -7.2 | | **Total** | **523.3** | **100.0** | **548.1** | **100.0** | **-4.5** | [Interim Condensed Consolidated Financial Statements](index=2&type=section&id=Interim%20Condensed%20Consolidated%20Financial%20Statements) This section provides the Group's interim condensed consolidated financial statements, detailing the income statement, comprehensive income, and financial position as of June 30, 2025 [Interim Condensed Consolidated Income Statement](index=2&type=section&id=Interim%20Condensed%20Consolidated%20Income%20Statement) For the six months ended June 30, 2025, the Group's revenue was RMB 523,284 thousand, gross profit RMB 105,529 thousand, and loss for the period significantly narrowed to RMB 6,575 thousand, with basic and diluted loss per share attributable to owners of the parent at RMB (0.01) Interim Condensed Consolidated Income Statement | Metric | For the six months ended June 30, 2025 (RMB thousand) | For the six months ended June 30, 2024 (RMB thousand) | | :--- | :--- | :--- | | Revenue | 523,284 | 548,136 | | Cost of Sales | (417,755) | (436,984) | | **Gross Profit** | **105,529** | **111,152** | | Other Income and Gains | 5,686 | 27,382 | | Administrative Expenses | (67,694) | (81,162) | | Net Impairment Loss on Financial Assets | (6,679) | (17,103) | | Fair Value Loss on Investment Properties | (32,081) | (33,780) | | Loss Before Tax | (1,416) | (1,115) | | Income Tax Expense | (5,159) | (13,761) | | **Loss for the Period** | **(6,575)** | **(14,876)** | | Loss Attributable to Owners of the Parent | (7,520) | (15,133) | | Basic and Diluted Loss Per Share | RMB (0.01) | RMB (0.01) | [Interim Condensed Consolidated Statement of Comprehensive Income](index=3&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) For the six months ended June 30, 2025, the Group recorded a total comprehensive loss of RMB 6,580 thousand, narrowed from RMB 14,886 thousand in the prior period, primarily due to loss for the period and exchange differences from translating foreign operations Interim Condensed Consolidated Statement of Comprehensive Income | Metric | For the six months ended June 30, 2025 (RMB thousand) | For the six months ended June 30, 2024 (RMB thousand) | | :--- | :--- | :--- | | Loss for the Period | (6,575) | (14,876) | | Exchange Differences on Translating Foreign Operations | (5) | (10) | | **Total Comprehensive Loss for the Period** | **(6,580)** | **(14,886)** | | Attributable to Owners of the Parent | (7,525) | (15,143) | | Attributable to Non-Controlling Interests | 945 | 257 | [Interim Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's total assets less current liabilities were RMB 934,977 thousand, with net assets at RMB 837,515 thousand, non-current assets totaling RMB 659,676 thousand, and current assets RMB 1,077,171 thousand, while trade receivables increased and cash and bank balances slightly decreased Interim Condensed Consolidated Statement of Financial Position | Metric | As of June 30, 2025 (RMB thousand) | As of December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Total Non-Current Assets | 659,676 | 687,630 | | Total Current Assets | 1,077,171 | 1,086,857 | | Total Current Liabilities | 801,870 | 789,600 | | Net Current Assets | 275,301 | 297,257 | | Total Assets Less Current Liabilities | 934,977 | 984,887 | | Total Non-Current Liabilities | 97,462 | 140,625 | | **Net Assets** | **837,515** | **844,262** | | Total Equity | 837,515 | 844,262 | - Trade receivables increased from **RMB 342,377 thousand** as of December 31, 2024, to **RMB 398,727 thousand** as of June 30, 2025[7](index=7&type=chunk) - Cash and bank balances decreased from **RMB 572,211 thousand** as of December 31, 2024, to **RMB 548,429 thousand** as of June 30, 2025[7](index=7&type=chunk) [Notes to the Interim Condensed Consolidated Financial Information](index=6&type=section&id=Notes%20to%20the%20Interim%20Condensed%20Consolidated%20Financial%20Information) This section provides detailed notes to the interim condensed consolidated financial information, covering company details, basis of preparation, accounting policies, segment information, revenue, and other financial disclosures [1. Company Information](index=6&type=section&id=1.%20Company%20Information) The Company was incorporated in the Cayman Islands on December 17, 2018, with its subsidiaries primarily engaged in property management, non-owner value-added services, community value-added services, and commercial operation management services in Mainland China - The Company was incorporated in the Cayman Islands on **December 17, 2018**[9](index=9&type=chunk) - Subsidiaries primarily provide property management, non-owner value-added services, community value-added services, and commercial operation management services in Mainland China[9](index=9&type=chunk) [2. Basis of Preparation](index=6&type=section&id=2.%20Basis%20of%20Preparation) The interim condensed consolidated financial statements are prepared in accordance with IAS 34 Interim Financial Reporting and should be read in conjunction with the Group's annual consolidated financial statements for the year ended December 31, 2024 - Interim condensed consolidated financial statements are prepared in accordance with **IAS 34 Interim Financial Reporting**[10](index=10&type=chunk) - These statements should be read in conjunction with the Group's annual consolidated financial statements for the year ended **December 31, 2024**[10](index=10&type=chunk) [3. Changes in Accounting Policies and Disclosures](index=6&type=section&id=3.%20Changes%20in%20Accounting%20Policies%20and%20Disclosures) Accounting policies adopted for the interim financial information are consistent with the annual consolidated financial statements, except for the initial adoption of amended IFRSs, such as IAS 12 (Amendments), which had no impact on the interim condensed consolidated financial information - Accounting policies are consistent with the 2024 annual consolidated financial statements, except for the initial adoption of amended IFRSs[10](index=10&type=chunk) - Amended **IAS 12 (Lack of Exchangeability)** had no impact on the interim condensed consolidated financial information[11](index=11&type=chunk) [4. Operating Segment Information](index=7&type=section&id=4.%20Operating%20Segment%20Information) The Group primarily engages in property management, with integrated resources,

董事會謹藉此機會對張先生於其任期內對本集團的寶貴貢獻表示衷心感謝。 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。 ZHENRO SERVICES GROUP LIMITED 正榮服務集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6958） 獨立非執行董事辭任、委任獨立非執行董事 及 董事委員會成員變動 獨立非執行董事辭任 本公司（「本公司」）董事（「董事」）會（「董事會」）宣佈，張偉先生（「張先生」）因其 他業務及工作承擔，已辭任本公司獨立非執行董事、本公司審計委員會主席及薪 酬委員會成員，自2025年9月1日起生效。 張先生已確認，彼與董事會之間並無意見分歧，亦概無有關其辭任的事宜須敦請 香港聯合交易所有限公司（「聯交所」）及本公司股東垂注。 委任獨立非執行董事 董事會欣然宣佈，鄭屹磊先生（「鄭先生」）將獲委任為獨立非執行董事，以及本公 司審計委員會及本公司提名委員會各自之成員，自2025年9月1日起生效。 鄭先生，46歲，在企業法 ...

格隆汇8月13日丨正荣服务(06958.HK)公告，公司将于2025年8月27日(星期三)举行董事会会议，藉以(其 中包括)考虑及批准公司及其附属公司截至2025年6月30日6个月止未经审计的中期业绩及其发布，以及 考虑派发中期股息(如有)。 ...

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。 ZHENRO SERVICES GROUP LIMITED 正榮服務集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6958） 董事會召開日期 正榮服務集團有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二 零二五年八月二十七日（星期三）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二零二五年六月三十日六個月止之未經審計的中期業績及 其發佈，以及考慮派發中期股息（如有）。 承董事會命 正榮服務集團有限公司 董事會主席 劉偉亮 香港，2025年8月13日 截至本公告日期，鄧歷先生及王威先生為本公司執行董事；劉偉亮先生及王志明 先生為本公司非執行董事；及歐陽寶豐先生、張偉先生及魏琴女士為本公司獨立 非執行董事。 ...

I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06958 | 說明 不適用 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 20,000,000,000 | USD | | 0.002 | USD | | 40,000,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | 20,000,000,000 | USD | | 0.002 | USD | | 40,000,000 | 本月底法定/註冊股本總額： USD 40,000,000 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 正榮服務集團有限公司 呈交日 ...

Core Insights - The property management industry is experiencing a significant trend of companies voluntarily exiting projects due to various operational challenges and financial pressures [1][3][5] - The turnover rate of residential property management has increased from 1.7% in 2021 to 3.3% in 2024, indicating a growing willingness among homeowners to change property management companies [7][10] Group 1: Company Exits - China Overseas Property announced its exit from the Ezhou Shuangchuang Star community by August 31, 2025, due to low occupancy rates and high unpaid fees, with a total outstanding amount of 595,900 yuan as of January 2025 [1][4] - Jin Ke Service will withdraw from Chongqing Hengchun Phoenix City by August 31, 2025, citing reduced property fees and legacy issues from developers leading to losses [1][4] - Longfor Property is set to exit Shanghai Su Di Chun Xiao community by August 2025 due to unresolved historical issues causing operational risks [1][4] Group 2: Industry Trends - A report by CRIC shows that from 2021 to 2024, the residential property turnover rate has increased, suggesting a trend where approximately 20,000 residential communities change property management annually [2][7] - Many property management companies, including Wanwu Cloud, Shimao Service, and others, have publicly announced their termination and exit from various projects in their 2024 annual reports [2][3] - The ongoing dissatisfaction among homeowners regarding property services has led to a rise in the number of homeowners seeking to change property management companies [10][11] Group 3: Financial Pressures - The primary reasons for property management companies exiting projects include rising costs, declining collection rates, and insufficient growth in value-added services [5][6] - In 2024, Wanwu Cloud exited 53 residential projects, impacting a saturated income of 286 million yuan, while Shimao Service and others also reported significant areas of project exits [6][5] - Companies are increasingly focusing on high-quality growth, prioritizing high-capacity cities and quality clients, as evidenced by China Overseas Property's increase in new contract amounts in core urban areas [5][6]