金茂服务上半年收入约17.83亿元，下半年目标聚焦“活下去”

Core Viewpoint - Jinmao Service (00816.HK) reported a total revenue of approximately 1.783 billion yuan for the first half of 2025, reflecting a year-on-year increase of 19.6% [1] Financial Performance - Total revenue for the first half of 2025 was approximately 1.783 billion yuan, with property management service revenue accounting for about 1.321 billion yuan (74.1%) [1] - Non-owner value-added service revenue was approximately 146 million yuan (8.2%), while community value-added service revenue was about 315 million yuan (17.7%) [1] - Gross profit was approximately 401 million yuan, representing a year-on-year increase of about 9.6%, with a gross margin of 22.5%, down 2.1 percentage points year-on-year [1] - Profit for the period was approximately 184 million yuan, showing a year-on-year increase of 1.9% [1] - Cash and cash equivalents stood at approximately 1.656 billion yuan [1] Operational Highlights - As of June 30, 2025, the managed building area was approximately 108 million square meters, a year-on-year increase of about 10.6% [2] - The management team aims to manage accounts receivable growth to be below revenue growth for the full year, addressing collection pressures [2] - The company plans to accelerate the collection of accounts receivable and improve cooperation with quality suppliers [2] Strategic Focus - The company will focus on "survival" in the second half of the year, emphasizing cash collection, governance of inefficient projects, and cost reduction measures [2] - Jinmao Service aims to strengthen its operational foundation and risk management throughout its operations [2] - The company is committed to quality service and competitive barriers, while also pursuing high-quality scale growth through collaboration with stakeholders [2] Business Development - Jinmao Service will optimize its structure to unlock the value potential of value-added services, adjusting community services and enhancing supply chain and marketing capabilities [3] - The company is focused on organizational efficiency and talent development, implementing streamlined structures and nurturing young talent [3] - Investments in digital and intelligent operations will enhance operational efficiency and customer experience [3]