雅生活中期营收64.7亿元 实现扭亏为盈

Core Insights - The company reported a revenue of 6.47 billion yuan and achieved a net profit turnaround, with an adjusted net profit of 590 million yuan for the first half of 2025 [1] - The three main non-cyclical business segments, including property services, owner value-added services, and urban services, generated 6.42 billion yuan, accounting for 99.4% of total revenue [1] - The company maintained a cost control ratio of 4.5%, demonstrating effective cost reduction and efficiency improvement [1] Financial Performance - Revenue for the first half of 2025 reached 6.47 billion yuan, with a gross profit of 940 million yuan [1] - The adjusted net profit was reported at 590 million yuan, indicating a successful turnaround from previous losses [1] - The company revised its dividend policy, maintaining a payout ratio of 25% to provide long-term returns to shareholders [1] Operational Metrics - As of June 30, 2025, the company managed a contracted area of approximately 690 million square meters, with an operational area of about 520 million square meters [1] - The operational area composition includes 49.0% residential, 40.7% public buildings, and 10.3% commercial and office spaces, reflecting a balanced multi-sector layout [1] - Over 72% of the managed area is concentrated in first and second-tier cities, with around 43% of property service revenue coming from top-tier cities like Beijing, Shanghai, Guangzhou, and Shenzhen [1]