Core Viewpoint - Shimao Services (00873) reported strong mid-year results for the six months ending June 30, 2025, showcasing significant growth in contract amounts and management services despite challenging macroeconomic conditions [1][2] Group 1: Financial Performance - Revenue for the first half of 2025 reached 3.62 billion RMB, with a gross profit of 709 million RMB [1] - Profit attributable to equity holders was 8.519 million RMB, with basic earnings per share at 0.003 RMB [1] - Property management services generated 2.812 billion RMB in revenue, reflecting a year-on-year increase of 1.9%, while maintaining stable gross margins [1] Group 2: Market Expansion and Strategy - The company achieved a record high in its market expansion team, with a new annual contract value of 958 million RMB, up 54.6% year-on-year, and a new contracted area of 40.1 million square meters, up 126.6% year-on-year [1] - As of mid-2025, non-residential property projects accounted for 38.4% of the managed area, significantly diversifying the client base [2] - 96.6% of non-residential projects are located in first-tier, new first-tier, and second-tier cities, which are key consumption drivers [2] - The company is expanding its service offerings to include smart energy, space operations, business support, and customized logistics across various property types [2]
世茂服务发布中期业绩 权益持有人应占溢利851.9万元 新增年化合同金额为9.58亿元