Core Insights - Binhai Service reported a revenue of 2.025 billion RMB for the first half of 2025, representing a year-on-year increase of 22.7% [1] - The company's gross profit was 455 million RMB, up 7.9% year-on-year, with a gross margin of 22.5%, down 3.1 percentage points from the same period in 2024 [1] - Net profit for the period was 306 million RMB, reflecting a 12.2% increase year-on-year, with profit attributable to equity shareholders also at 298 million RMB, an increase of 12.2% [1] Revenue Breakdown - Revenue from property management services amounted to 1.158 billion RMB, while non-owner value-added services generated 214 million RMB, and 5S value-added services contributed 653 million RMB [1] Operational Metrics - As of June 30, 2025, the total managed building area was approximately 75.1 million square meters, a year-on-year growth of 19.0% [1] - The contracted building area reached about 96.4 million square meters, increasing by 7.1% year-on-year [1] - In the Hangzhou region, the managed area grew by 18.8% year-on-year to 47.8 million square meters, contributing 70.6% of total property management revenue with earnings of 818 million RMB [1]
滨江服务：上半年权益股东应占利润同比增加12.2%