截至2025年6月30日，雅生活合约面积约6.9亿平方米，在管面积约5.2亿平方米。在管面积中，住宅占 49.0%、公建占40.7%、商业及办公占10.3%，多元业态均衡布局，核心区域深耕策略成效显著。此外， 上半年雅生活在管面积中超72%集中于一、二线城市，约43%的物业服务板块收入来自北京、上海、广 州、深圳等超一线城市。 8月27日，在港上市的雅生活智慧城市服务股份有限公司(以下简称"雅生活")召开2025年中期业绩发布 会。 数据显示，截至2025年6月30日，公司实现营收64.7亿元，毛利9.4亿元，经调整净利润5.9亿元，净利润 实现扭亏为盈。其中，物业服务、业主增值服务和城市服务三大非周期性业务收入规模为64.2亿元，占 总收入99.4%。公司整体费用率控制在4.5%，降本增效成果明显，有效稳控企业资金保障。雅生活上半 年修订股息政策，持续分派股息，派息比率为25%，致力于为股东创造长期回报。 ...

Core Insights - The property service industry in China is experiencing increased competition among top companies, with the top 50 firms adding approximately 84.47 million square meters of new contracts in June 2025, and the top 10 firms accounting for 68.3% of this total [1] Group 1: Market Expansion - In June, the top 10 property service companies had a threshold increase of 51.3% compared to the previous month, reaching 2.71 million square meters for new contracts [1] - China Overseas Property led the new contract area with 12.1 million square meters in June [1] Group 2: Third-Party Expansion Analysis - A total of 50 companies added 74.18 million square meters of new third-party expansion in June, with only four companies achieving a scale of 5 million square meters or more, representing 42.9% of the total [9][10] - The top three sectors for third-party expansion were residential (25.2%), schools (20.8%), and office projects (18.6%) [12] Group 3: Performance of Leading Companies - Poly Property achieved the highest single project contract amount in June, totaling 26.379 million yuan for a city service project in Tianjin [17][22] - The top five companies in terms of new associated area contracts were Greentown Service, Poly Property, China Overseas Property, Longfor Intelligent Living, and Wanwu Cloud, with Greentown Service leading at 1.22 million square meters [23] Group 4: Diverse Business Layout - Leading property companies are increasingly expanding into non-residential sectors to diversify their service offerings and seek new profit growth points [12][14] - Wanwu Cloud had the largest expansion in office and residential projects, with 700,000 square meters and 1.35 million square meters, respectively [15]