滨江服务：FY25: Showing strength in tough times-20260327

27 Mar 2026 CMB International Global Markets | Equity Research | Company Update Binjiang Service (3316 HK) Binjiang Service (3316 HK) - FY25: Showing strength in tough times Binjiang Service's FY25 revenue rose 14.1% YoY to RMB 4.1bn, 2%/4% below Bloomberg consensus/CMBI estimate. Net profit grew 12.1% YoY to RMB 880mn, 4% below consensus and our estimate. With lower parentco reliance, and rising collection rate and average PM fee against the industry trend, the company further showed the resilience of its ...