Core Viewpoint - The company reported a revenue increase of 3.7% year-on-year for H1 2025, with a net profit growth of 4.3%, and declared an interim and special dividend of HKD 0.10 per share [1] Group 1: Financial Performance - In H1 2025, the company achieved a revenue of 7.1 billion, a year-on-year increase of 3.7%; gross profit was 1.2 billion, up 4.7%; and net profit attributable to shareholders was 770 million, reflecting a 4.3% increase [1] - The company’s overall gross margin improved to 17.0%, an increase of 0.2 percentage points year-on-year [3] Group 2: Business Segments - The company’s core property management, owner-added value, and non-owner-added value businesses generated revenues of 5.6 billion, 610 million, and 860 million respectively, with year-on-year growth rates of +8.3%, -11.6%, and -5.9% [2] - The company’s property management area under management reached 440 million square meters as of June 30, 2025, with residential properties accounting for 72.6% [2] Group 3: Market Position and Strategy - China Overseas Property's total sales in August were 18.4 billion, a slight decrease of 0.3% year-on-year, while cumulative sales from January to August were 150.3 billion, down 16.5% year-on-year [1] - The company has increased its focus on non-residential property management, with 59% of new property management orders in H1 2025 coming from non-residential projects [2] Group 4: Dividend and Receivables Management - The company declared a total interim and special dividend of 300 million, with a payout ratio of 39%, an increase of 4.8 percentage points year-on-year [3] - As of June 30, 2025, the company’s total trade receivables amounted to 3.5 billion, with a net value of 3.2 billion after impairment, indicating manageable receivables [3]
中海物业(2669.HK):盈利能力有所改善 关联房企经营稳健