Core Viewpoint - The company, Ocean Service (06677), is making significant strides in market expansion through a clear development strategy and an excellent "integrated transportation and operation" model, enhancing its brand influence and market competitiveness [1] Group 1: Grid Expansion - Ocean Service is leveraging its professional facility management capabilities to deepen its presence in core cities and high-potential sectors, exemplified by winning the IFM service project for Beijing Zhaoxin Building, which showcases its operational excellence in high-end office building management [2] - The project validates Ocean Service's professional advantages in facility management and lays a solid foundation for future expansions into verticals such as high-tech corporate headquarters and research parks [2] Group 2: Deepening Client Relationships - The company is continuously deepening strategic collaborations with enterprise clients, as evidenced by its recent win of the integrated property management service project for CNOOC Services' Tianjin Intelligent Manufacturing Center, extending its service coverage across multiple cities [3] - This renewed partnership reflects the trust clients have in Ocean Service's professional capabilities and service quality, indicating a shift towards deeper and broader collaborations [3] Group 3: Land and Property Synergy - Ocean Service successfully signed a contract for property services at the first phase of Hancheng Garden in Tianjin Eco-City, marking a significant implementation of its "land and property synergy" model [4] - Collaborating with international developers like Keppel Land enhances the company's service quality and project management capabilities, providing new momentum for market expansion in high-potential areas [4] Group 4: Strategic Focus and Future Outlook - The company is committed to enhancing regional coverage through grid expansion, deepening multi-sector services via client relationships, and integrating resources through land and property synergy, all of which complement each other to achieve external growth objectives efficiently [5] - Looking ahead, Ocean Service aims to leverage its national layout, multi-sector service experience, and brand synergy to continuously improve service precision and market penetration, focusing on sustainable value creation with partners [5]

Core Viewpoint - In the first half of 2025, the company reported a contract area of 122 million square meters and a revenue of 1.39 billion yuan, with 93.4% of revenue coming from third-party sources, indicating a strong focus on independent operations [3]. Group 1: Financial Performance - The company achieved a core net profit margin of 8.3% after adjustments [3]. - The average property management fee was 3.2 yuan per square meter per month, with basic property management revenue increasing to 74.4% of total revenue [3]. Group 2: Customer Engagement and Service Quality - The company conducted proactive visits to 150,000 households and upgraded community facilities, achieving a 100% inspection rate [4]. - Customer satisfaction reached 87 points, contributing to a 0.9 percentage point increase in cash flow from property management fees [4]. Group 3: Project Acquisition and Expansion - As of July 2025, the company won 31 projects with a total contract value of 260 million yuan, including significant contracts exceeding 10 million yuan [4]. - A nationwide cooperation agreement was established with BYD, covering 12 provinces and 42 cities [4]. Group 4: Diversification and Competitive Edge - The commercial and office segment contributed 16% to total revenue, with all managed office buildings in Beijing achieving 100% green electricity [5]. - The company is expanding its service offerings to non-residential sectors, with government, school, and hospital contracts making up 19% of the total contract area [5]. Group 5: Community Value-Added Services - Community value-added services accounted for approximately 18% of revenue, showing a year-on-year growth of 2.0% [6]. - The company plans to continue optimizing its revenue structure and enhancing service quality while reducing reliance on related parties [6].