Xin Lang Zheng Quan·2025-08-27 09:53Core Viewpoint - Country Garden Services has demonstrated resilience in a challenging macroeconomic environment, achieving stable revenue growth and expanding market scale in the first half of 2025 [1] Group 1: Financial Performance - The company reported a revenue of 23.19 billion yuan in the first half of 2025, representing a year-on-year increase of 10.2% [1] - The managed area increased to 1.06 billion square meters, indicating continued growth in operational scale [1] Group 2: Operational Efficiency - Approximately 259 million yuan was invested in upgrading community recreational facilities and renovating old facilities to enhance customer experience [1] - The company has established an efficient operational system to stabilize its service and property management fundamentals [1] Group 3: Third-Party Expansion - Third-party expansion achieved high-quality growth, with contracted area reaching 64.77 million square meters, a year-on-year increase of 66%, significantly surpassing the industry average [1] - Residential and commercial properties contributed approximately 71.4% to the new annualized revenue from contracted and incoming projects [1] - The company has successfully implemented a model for expanding into old residential areas, with new projects launched in 11 cities including Beijing, Shanghai, and Wuhan [1] Group 4: Shareholder Returns - As of June 30, the company repurchased 9.09 million shares and plans to continue repurchasing within the framework of at least 500 million yuan for the year [2] - For the fiscal year 2025, the company aims for a dividend payout ratio of 60% of core net profit attributable to shareholders, which is an increase from 33% in 2024, translating to a dividend yield of 6.5% to 7% [2]