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碧桂园服务:核心业务基本面保持稳健,在手现金充裕
Xin Lang Zheng Quan· 2026-02-27 14:18
Core Viewpoint - Country Garden Services Holdings Company has released its latest performance expectations for the fiscal year 2025, indicating a resilient core business amidst a complex market environment [1] Financial Performance - The company anticipates an unaudited consolidated revenue of approximately RMB 48.2 billion to RMB 48.5 billion for 2025, representing a year-on-year growth of 9.6% to 10.2% [1] - Gross profit is expected to be around RMB 8.2 billion to RMB 8.7 billion, showing a year-on-year stability [1] - The estimated unaudited net profit for 2025 is projected to be between RMB 450 million to RMB 650 million, influenced by a goodwill impairment of RMB 969 million from a non-wholly-owned subsidiary and proactive measures to clean up long-aged trade receivables [1] Strategic Insights - Excluding the goodwill impairment, the core net profit attributable to the parent company is expected to reach approximately RMB 2.4 billion to RMB 2.7 billion [1] - Market analysts view the temporary pressure on net profit as a strategic "active shift," where short-term profit concessions are made for long-term value reconstruction, reflecting the company's governance maturity and strategic determination [1] Cash Flow and Liquidity - In a context where the property industry faces widespread financial pressure, Country Garden Services demonstrates strong cash flow performance [1] - The company estimates that the unaudited net cash generated from operating activities for 2025 will not be less than approximately RMB 2.4 billion [1] - The total amount of unaudited bank deposits (including cash and cash equivalents, time deposits, restricted bank deposits, and structured deposits) is expected to be no less than RMB 17.7 billion [1]