Group 1 - The company focuses on its core property management business, with strong growth momentum, expecting property management service revenue to account for 71.4% and gross profit to account for 56.3% by mid-2025 [1] - The company is enhancing its park services and consulting services by focusing on park products and services, while downplaying home life and cultural education services, which is expected to lead to operational recovery [1] - The company shows both growth and resilience in its financials, with projected net profit growth rates of 29.7% for 2024 and 21.4% for the first half of 2025, alongside improved gross and net profit margins [1] Group 2 - The company emphasizes shareholder returns with a dividend payout ratio exceeding 70% for 2023-2024 and has been actively repurchasing shares since 2022, with approximately 2.9% of total shares repurchased by October 17, 2025 [2] - The company is expected to achieve net profits of 9.4 billion, 10.9 billion, and 12.6 billion from 2025 to 2027, with corresponding price-to-earnings ratios of 14.0, 12.0, and 10.4 [2]
绿城服务(02869.HK)：行而不辍 逆势向上