Core Viewpoint - The mid-year report of Excellence Business Services (6989.HK) for 2025 demonstrates a robust and resilient performance, with significant growth in third-party property service revenue, indicating strong operational capabilities and market positioning [1][2]. Financial Performance - The company achieved revenue of approximately 2.015 billion RMB, with a gross profit of 379 million RMB and a net profit attributable to shareholders of 147 million RMB in the first half of 2025 [1]. - Third-party basic property service revenue (excluding acquired companies) grew by 26.9% year-on-year to 933 million RMB, with a gross profit of 80 million RMB, reflecting a 14.9% increase [4]. Competitive Advantages - **First Barrier**: Rapid growth in third-party revenue validates the company's independence and operational strength, enhancing its risk resilience and market valuation potential [4]. - **Second Barrier**: The company has focused on deepening relationships with strategic clients, achieving a nearly 100% contract retention rate, which underscores the quality of its service and client trust [7]. - **Third Barrier**: The company is committed to digital transformation and sustainable development, implementing advanced technologies to improve operational efficiency and reduce costs [9][10]. Strategic Client Development - The company has seen a compound annual growth rate of 32.7% in managed contract area since 2022, with a 23.1% increase in strategic client project numbers and an 83.3% rise in large-scale projects [7]. - Strategic client revenue reached approximately 508 million RMB, reflecting a strong year-on-year growth of 30.2% [7]. Digital Transformation and ESG - The company has successfully launched six key business systems covering core operations, enhancing efficiency and stability in daily operations [9]. - The company has achieved an AA rating in ESG, which enhances its market recognition and opens up more opportunities for policy support and investment [11]. Market Outlook - The property management sector is experiencing an upward trend, driven by stable cash flows and high dividend visibility, positioning companies like Excellence Business Services favorably for future growth [12]. - The company's strong performance and strategic focus on business sectors with high independence and operational capabilities are expected to attract market attention and support valuation recovery [12].

Core Insights - The company is committed to advancing digital transformation, successfully launching six core business systems by the first half of 2025, which enables real-time monitoring of equipment data and significantly enhances operational efficiency and asset stability [1] - The service ecosystem continues to improve, leveraging a "business management + property management" full-chain model to secure projects in core commercial complexes and high-end office buildings in first-tier cities, while actively expanding into multiple sectors such as government enterprises, electromechanical, public construction, and education [1] - The company has achieved notable success in ESG management, with its Wind ESG rating upgraded to AA, and has received accolades such as the Golden Grid Award for "Outstanding Corporate Governance in ESG" [1]

Core Viewpoint - The company,卓越商企服务, reported stable expansion of its customer base and high-quality delivery in its mid-term performance for the first half of 2025, highlighting a compound annual growth rate of 32.7% in managed contract area since 2022 [1] Group 1: Customer Base and Growth - The number of strategic customer projects increased by 23.1% year-on-year, with the number of large-scale projects (over 500,000 square meters) growing by 83.3%, demonstrating the company's capability in delivering complex and high-management-demand projects [1] - The retention rate of strategic customer contracts approached 100%, indicating strong collaboration mechanisms and high recognition of service quality from clients [1] Group 2: Strategic Client Relationships - Strategic clients have high demands for specialized and customized services, such as 24-hour operations for internet companies and dust-free environments for high-end manufacturing [1] - A strategic client, a leading global ICT infrastructure and smart terminal provider, maintained a leading position in the national supplier performance ranking across all categories in 2024 [1] Group 3: Revenue and Project Expansion - The company actively expanded its strategic client ecosystem, with over half of the new projects from strategic clients being referrals, providing continuous growth momentum [1] - Revenue from strategic clients reached approximately 508 million yuan, reflecting a robust year-on-year growth of 30.2% compared to the same period in 2024 [1]

Core Viewpoint - The company reported strong mid-year performance for 2025, with significant growth in revenue and net profit, indicating a positive trend in its operational efficiency and market position [1] Financial Performance - The company achieved revenue of approximately RMB 2.015 billion for the first half of 2025 [1] - Gross profit reached RMB 379 million [1] - Net profit attributable to shareholders was RMB 147 million [1] Revenue Breakdown - Revenue from third-party basic property services (excluding acquired companies) increased by 26.9% year-on-year to RMB 933 million [1] Operational Metrics - The total contracted area reached 82.5 million square meters, reflecting a year-on-year growth of 3.0% [1] - The managed area was 74.28 million square meters, showing a year-on-year increase of 9.0% [1] - Third-party managed area accounted for 62.7% of the total managed area [1]

Core Viewpoint - 卓越商企服务 (6989.HK) reported strong mid-year performance for 2025, with significant growth in revenue and net profit, indicating robust core business performance [1] Financial Performance - The company achieved revenue of approximately RMB 2.015 billion for the first half of 2025 [1] - Gross profit reached RMB 379 million, while net profit attributable to shareholders was RMB 147 million [1] - Third-party basic property service revenue (excluding acquired companies) increased by 26.9% year-on-year to RMB 933 million [1] Operational Metrics - The total contracted area of the company reached 82.5 million square meters, representing a year-on-year growth of 3.0% [1] - The managed area stood at 74.28 million square meters, showing a year-on-year increase of 9.0% [1] - Third-party managed area accounted for 62.7% of the total managed area [1]

8月26日，卓越商企服务发布2025年上半年中期业绩公告。 报告显示，上半年，集团收入约为人民币2015.15百万元，较2024年同期约人民币2082.48百万元降低 3.2%；毛利约为人民币379.06百万元，较2024年同期约人民币422.17百万元降低10.2%。 报告期内，集团溢利约为人民币162.31百万元，较2024年同期约人民币183.80百万元降低11.7%；权益 股东应占溢利约为人民币146.99百万元，较2024年同期约人民币170.50百万元降低 13.8%。 报告期内，公司第三方业务取得高质量增长。依托"1+1+X"战略，深耕大湾区、长三角两个核心优势区 域，重点布局一线、新一线及其他高价值城市，实现全国化重点区域均衡发展。在管面积中，北京、上 海、深圳、广州、成都、杭州、重庆等一线和新一线城市占比达76.1%，粤港澳大湾区和长三角两大核 心经济圈占比达68.6%。 报告期内，本集团合约面积约为8250万平方米，较2024年同期增长约3.0%；在管面积约7428万平方 米，较2024年同期增长约9.0%，其中来自第三方的在管物业面积占比达62.7%。 ...

董事会进一步宣布，程淑华女士已获委任为联席公司秘书、授权代表及法律程序代理人，自2025年8月 26日起生效。贾杰先生将继续担任另一名联席公司秘书。 格隆汇8月26日丨卓越商企服务(06989.HK)发布公告，张启昌先生已辞任(i)公司联席公司秘书；(ii)授权 代表；及(iii)法律程序代理人，自2025年8月26日起生效。 相关事件 卓越商企服务(06989.HK)委任程淑华为联席公司秘书 卓越商企服务(06989.HK)将于8月26日举行董事会 会议以审批中期业绩 ...

卓越商企服务(06989)公布2025年中期业绩，收入约为人民币20.15亿元，同比降低3.2%。毛利约为3.79 亿元，同比降低10.2%。公司权益股东应占溢利约为1.47亿元，同比降低13.8%。每股基本盈利12.05 分。 在主航道业务方面，通过深耕战略客户和打造标桿项目，链接大客户上下游及潜在客户，持续保持在商 务物业赛道的领先优势。深耕布局，厚积蓄力，夯实设施管理主航道优势的同时，逐步在高科技和新质 生产力等领域建立先行优势。在增值业务方面，通过提升产品化能力，自建供应链服务平台，覆盖用户 需求场景全价值阶段，有效提升客户体验和产品化核心运营能力。同时，开拓企业增值全流程代运营服 务模式，通过资源整合、个性化定制、业务陪跑、中台支持等手段，构建多元化的增值服务联合运营拓 展模式。在核心能力建设方面，通过建设内外部数字化运营能力，提高业务决策效率，助力业务拓展。 同时，聚焦培养业务关键人才，通过激励机制和管理文化的双重驱动助力业务有机生长，筑牢竞争壁 垒。 上半年，该集团围绕"战略三支柱发展"和"数字化转型"两大战略核心，进一步提升第三方市场化能力， 积极应对市场波动，保持了业务的韧性。2025年上半 ...

Group 1 - The company announced that Mr. Zhang Qichang has resigned from his positions as co-company secretary, authorized representative, and legal process agent, effective from August 26, 2025 [1] - Ms. Cheng Shuhua has been appointed as the co-company secretary, authorized representative, and legal process agent, effective from August 26, 2025 [1] - Mr. Jia Jie will continue to serve as another co-company secretary [1]

上半年，该集团围绕"战略三支柱发展"和"数字化转型"两大战略核心，进一步提升第三方市场化能力， 积极应对市场波动，保持了业务的韧性。2025年上半年，公司整体经营业绩稳健向好，完成预算目标， 持续保持第三方业务稳健增长和商务物业赛道优势，增值服务结构持续优化，实现公司可持续发展。 智通财经APP讯，卓越商企服务(06989)公布2025年中期业绩，收入约为人民币20.15亿元，同比降低 3.2%。毛利约为3.79亿元，同比降低10.2%。公司权益股东应占溢利约为1.47亿元，同比降低13.8%。每 股基本盈利12.05分。 在主航道业务方面，通过深耕战略客户和打造标桿项目，链接大客户上下游及潜在客户，持续保持在商 务物业赛道的领先优势。深耕布局，厚积蓄力，夯实设施管理主航道优势的同时，逐步在高科技和新质 生产力等领域建立先行优势。在增值业务方面，通过提升产品化能力，自建供应链服务平台，覆盖用户 需求场景全价值阶段，有效提升客户体验和产品化核心运营能力。同时，开拓企业增值全流程代运营服 务模式，通过资源整合、个性化定制、业务陪跑、中台支持等手段，构建多元化的增值服务联合运营拓 展模式。在核心能力建设方面，通过建 ...