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康桥悦生活:2025年中期业绩凸显韧性 深耕品质驱动长期发展

Core Insights - The property management industry in China is undergoing a "dual transformation" in 2025, facing intense market competition while also responding to increasing public demand for improved living standards [1] - Kangqiao Yuelife Group has demonstrated resilience and stability in its mid-year performance report, reflecting its strategic determination and operational resilience amidst industry challenges [3][11] Financial Performance - For the first half of 2025, the company reported revenue of approximately 455 million RMB, with property management service revenue at about 354 million RMB, value-added services at around 61.28 million RMB, and urban services at approximately 40.21 million RMB [3] - The company achieved a 6.9% year-on-year growth in managed area, marking the fifth consecutive year of growth since its listing [4] Market Expansion and Competitiveness - The company managed 331 projects with a total managed area of 46.2 million square meters and a contracted area of 68.3 million square meters, with independent third-party developers accounting for 78.3% and 81.5% of these areas, respectively [4] - The company has actively reduced transactions with related parties, with the contribution of related transactions to total revenue decreasing from 38.1% in 2021 to just 0.9% in 2025 [4] Service Quality and Customer Satisfaction - The company focuses on enhancing service quality through technology and human touch, implementing regular emergency drills and utilizing smart tools for service precision [6] - Over 2,800 community cultural activities were conducted in the first half of 2025, engaging over 130,000 participants, alongside more than 2,400 convenience service events [7] Community Engagement and Corporate Responsibility - The company integrates community culture into its services through the "Neighborly Gift Exchange" initiative, enhancing community engagement and satisfaction [7] - Kangqiao Yuelife actively promotes "red property" initiatives, enhancing community governance and achieving recognition for its efforts in integrating party leadership with business operations [9][10]