CMPO(SZ:001914) Zhong Zheng Wang·2025-08-28 13:51Group 1 - The core viewpoint of the report indicates that招商积余 achieved a revenue of 9.107 billion yuan in the first half of 2025, representing a year-on-year growth of 16.17%, and a net profit attributable to shareholders of 474 million yuan, with an increase of 8.90% [1] - The property management business generated a revenue of 8.800 billion yuan, reflecting a year-on-year growth of 16.79%, with basic property management revenue accounting for 6.849 billion yuan, which is 75.20% of the total revenue for the period [1] - The company signed new annual contracts worth 1.764 billion yuan during the first half of the year, with third-party project contracts contributing 1.592 billion yuan, where large-scale projects accounted for 58% of the new contracts [1] Group 2 - As a state-owned enterprise listed in A-shares,招商积余 is a leading company in the domestic property management industry, particularly in the institutional property sector, providing comprehensive solutions across various scenarios [2] - The company has been recognized as one of the top three in the "2025 China Property Service Power Top 100" and ranked third in the "2025 China Property Service Enterprise Comprehensive Strength 500" [2] - By the end of June 2025, the company managed 2,370 property projects across over 160 cities, covering a management area of 368 million square meters [1]