CMPO(SZ:001914) Xin Lang Cai Jing·2025-09-05 12:43Core Insights - The company achieved a revenue of 9.11 billion yuan in the first half of 2025, representing a year-on-year growth of 16.2%, with a net profit attributable to shareholders of 470 million yuan, up 8.9% year-on-year [1] - The property management segment generated revenue of 8.8 billion yuan, growing 16.8% year-on-year, driven by existing project growth and new project contributions [1] - The asset management segment reported revenue of 310 million yuan, a 5.9% increase year-on-year, attributed to an increase in managed commercial projects [1] Revenue Breakdown - The basic property management business achieved revenue of 6.85 billion yuan, with a gross margin improvement of 0.61 percentage points to 11.56% [1] - Platform value-added services generated revenue of 230 million yuan, with a gross margin increase of 1.08 percentage points to 10.99% [1] - Professional value-added services reported revenue of 1.72 billion yuan, with a gross margin decrease of 3.1 percentage points to 8.03% [1] Market Expansion - The company signed new annual contracts worth 1.764 billion yuan in the first half of 2025, with third-party projects contributing 1.592 billion yuan, of which large projects accounted for 58% [2] - As of mid-2025, the company managed 2,370 projects covering an area of 368 million square meters, with 130 million square meters from the parent company [2] Asset Management Performance - The company managed 72 commercial projects as of mid-2025, with a year-on-year increase of 10.3% in concentrated commercial sales [2] - The total leasable area held by the company was 469,000 square meters, with an overall occupancy rate of 93%, indicating stable performance [2]