Core Viewpoint - Yuexiu Services reported strong growth in both managed and contracted areas, achieving a revenue of 1.962 billion yuan and a net profit attributable to shareholders of 240 million yuan in the first half of 2025, while maintaining a high dividend payout ratio of 50% to reflect confidence in future cash flows [1][2]. Group 1: Financial Performance - The company's revenue for the first half of the year was 1.962 billion yuan, with commercial revenue contributing 370 million yuan (18.9%) and non-commercial revenue at 1.592 billion yuan (81.1%) [1]. - The revenue from basic property management reached 716 million yuan, marking a year-on-year growth of 19.2%, maintaining a high growth rate of around 20% for four consecutive years [1]. Group 2: Service Quality Improvement - The growth in basic property management is attributed to an upgrade in service quality, driven by customer research and the application of smart technology [2]. - The company implemented a "human-machine collaboration" cleaning model to enhance service efficiency and quality, alongside smart access management to improve community safety and efficiency [2]. Group 3: Management Scale Growth - In the first half of the year, Yuexiu Services added a contracted area of 5.96 million square meters, successfully winning bids for key projects such as the Port and Shipping Building and the South China branch of the National Pipeline Network Group [3]. - As of the end of the reporting period, the contracted area reached 92.45 million square meters, a 4.2% increase from the end of 2024, with 515 contracted projects and a managed area of 72.31 million square meters, up 4.3% [3]. - The company focuses on first- and second-tier cities, with an average property management price of approximately 2.8 yuan per square meter, supported by high-quality residential projects from its parent company, Yuexiu Real Estate [3].
越秀服务上半年实现营收19.62亿元 管理规模稳步增长