正荣服务(06958) - 2025 - 中期业绩

Interim Results and Operations Summary 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 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 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 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 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] - 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] Notes to the Interim Condensed Consolidated Financial Information 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 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] - Subsidiaries primarily provide property management, non-owner value-added services, community value-added services, and commercial operation management services in Mainland China[9] 2. Basis of Preparation 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] - These statements should be read in conjunction with the Group's annual consolidated financial statements for the year ended December 31, 2024[10] 3. Changes in Accounting Policies and Disclosures 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] - Amended IAS 12 (Lack of Exchangeability) had no impact on the interim condensed consolidated financial information[11] 4. Operating Segment Information The Group primarily engages in property management, with integrated resources,