Core Viewpoint - Country Garden Services (碧桂园服务) expects to achieve a comprehensive revenue of approximately RMB 48.2 billion to 48.5 billion in 2025, representing a growth of 9.6% to 10.2% compared to the same period in 2024, driven by effective market expansion and refined operations [1] Financial Performance - The company anticipates an unaudited net profit of approximately RMB 450 million to 650 million for 2025, a significant decrease from approximately RMB 1.8745 billion in 2024 [1] - The expected unaudited net profit attributable to shareholders is projected to be around RMB 500 million to 700 million, down from approximately RMB 1.8084 billion in 2024 [1] - The decline in net profit is primarily due to increased credit impairment losses from the proactive cleaning of long-aged trade receivables and a decrease in fair value changes of contingent consideration related to past acquisitions [1] Core Profit - The company expects to achieve an unaudited core net profit attributable to shareholders of approximately RMB 2.4 billion to 2.7 billion in 2025, compared to approximately RMB 3.0381 billion in 2024 [1] Operational Efficiency - The company focuses on enhancing customer satisfaction through refined project management and digital transformation to reduce costs and improve efficiency, maintaining a stable fundamental performance in its core business [2] - The unaudited gross profit for the current year is estimated to be between RMB 8.2 billion and 8.7 billion, slightly above the RMB 8.4 billion recorded in 2024 [2] Financial Health - The company maintains a healthy financial position with robust cash flow from operating activities, estimating a net cash flow from operating activities of no less than approximately RMB 2.4 billion for the year ending December 31, 2025, down from approximately RMB 3.873 billion in 2024 [2] - The total amount of unaudited bank deposits and structured deposits is expected to be no less than RMB 17.7 billion as of December 31, 2025, compared to approximately RMB 18.1786 billion on December 31, 2024 [2] Dividend Policy - To further protect shareholder interests and demonstrate long-term investment value, the board anticipates a cash dividend target of no less than RMB 1.5 billion for the fiscal year 2026, subject to the company's dividend policy and necessary approvals [2]