Core Viewpoint - Yuexiu Services (06626) anticipates a significant decline in profit for the fiscal year ending December 31, 2025, with a projected drop of approximately 20% to 25% in profit attributable to equity holders compared to the fiscal year ending December 31, 2024, and a core net profit decline of about 45% to 50% [1] Financial Performance - The expected decline in profit and core net profit is primarily attributed to a decrease in gross margin due to several factors [1] - The real estate industry's deep adjustment has led to a reduction in high-margin value-added services, such as brokerage services [1] - The phase-out of revenue from home decoration services, which are nearing completion, has resulted in decreased income and gross profit from this segment [1] - Increased operational expenses due to ongoing investments aimed at enhancing service quality and stabilizing commercial project occupancy rates [1] - Rising labor costs driven by policy adjustments [1] Future Outlook - For 2026, the company aims to pursue high-quality long-term growth and actively respond to industry adjustments [1] - The focus will be on scaling non-residential business and accelerating the adjustment of value-added services to cultivate profit growth points [1] - The company is committed to optimizing its structure and improving efficiency, moving towards its vision of becoming a "trusted smart city service provider" [1]
越秀服务(06626)：积极应对行业调整 加快调整增值服务