Workflow
越秀服务上半年营业收入19.62亿元,合约面积达9245万平方米

Core Viewpoint - Yuexiu Services reported a stable performance in the first half of 2025, with a revenue of 1.962 billion RMB, maintaining a high dividend payout ratio of 50% and a focus on service quality upgrades to drive growth [1][3][6]. Financial Performance - The total revenue for the first half of 2025 was 1.962 billion RMB, slightly up from 1.961 billion RMB in the same period last year [3]. - The gross profit margin decreased to 21.3% from 25.99% year-on-year, while the net profit attributable to shareholders was 240 million RMB, down from 271 million RMB [3]. - The company maintained a dividend payout ratio of 50%, with an interim dividend of 0.08 RMB per share [3]. Operational Highlights - The total contracted area reached 92.45 million square meters, a 4.2% increase from the end of 2024, with 515 projects under management [3][6]. - The average property management fee was approximately 2.8 RMB per square meter, positioning the company in the mid-to-high range of the industry [3]. Strategic Initiatives - The management emphasized service quality upgrades as a key driver for growth, focusing on customer needs and utilizing smart technology to enhance service efficiency [6][7]. - The company implemented a "human-machine collaboration" cleaning model, improving service efficiency and customer satisfaction [6]. - Yuexiu Services plans to expand its project portfolio, including metro property management, and has allocated 500 million RMB for acquisitions this year [7].