"过去这半年，我们不尽完美，甚至暴露出很多急需解决的问题。但公司一定会秉持务实的作风，在逆 境中起舞。"8月22日，在永升服务集团有限公司（以下简称"永升服务"）2025年中期业绩发布会上，公 司执行董事兼总裁周洪斌表示，相信眼前的困难从来不是路障，永升服务的团队会同心同德向前进，找 到非常好的出路。 8月21日，永升服务发布2025上半年业绩公告，今年上半年，公司实现营业收入34.6亿元，同比增长 2.7%；归母净利润为2.1亿元，同比下降19.4%；综合毛利率为18.6%，同比下降2.7个百分点。 持续优化布局 今年上半年，永升服务持续调整业务结构，降低非业主增值服务，同时聚焦100个重点城市的深耕战略 扩展。 8月22日，永升服务相关负责人向《证券日报》记者表示，公司上半年与母公司相关的关联交易约0.95 亿元，占总收入的比例为2.7%。随着永升市场化拓展的持续推进，与母公司的关联交易在永升业务中 的占比将持续走低。 "自2019年以来，永升服务独立市场化拓展的管理面积已长期稳定在70%至80%的行业高水平。去年全 年永升服务的市拓饱和合同收入创15.8亿元的历史新高，今年上半年，这一数据也高达8.7亿 ...

Summary of Poly Property Conference Call Company Overview - **Company**: Poly Property - **Industry**: Property Management Key Points and Arguments Strategic Approach - Poly Property adopts a strategic follow-up approach, introducing mature technologies to optimize management systems and operations, such as digital command centers and seamless access, positively impacting the property management industry [2][4] Market Positioning - The company positions itself in the mid-to-high-end residential market, expanding into public facilities and state-owned commercial projects while focusing on quality residential projects [2][5] Financial Performance - Accounts receivable are well-controlled, with an expected balance of approximately 2.9 billion in 2024 and operating cash flow exceeding 2.3 billion, covering net profit by more than 1.5 times [2][6] - The company anticipates a 5% growth in revenue and net profit attributable to shareholders in 2025, driven primarily by basic property management [3][19] Non-Residential Services - Non-residential value-added services have declined due to the real estate cycle, but segments like labor services and commercial office management have seen improvements [2][7] - The company has achieved advantages in the non-residential sector by focusing on core cities, key sectors, and quality clients while enhancing collection management [2][8] Risk Management - Poly Property has actively cleared risky projects, achieving a collection rate exceeding 85% in 2024 [2][9] Community Value-Added Services - The company focuses on home services and asset management within community value-added services, identifying opportunities in home renovation and community convenience consumption [2][10] Cash Reserves and Acquisition Plans - The company holds 10 billion in cash, primarily intended for acquisitions, with a focus on residential and state-owned enterprises [2][12] Expansion and Project Quality - In the first half of 2025, the company expanded its projects mainly in public facilities and state-owned commercial sectors, with residential projects accounting for about 10% [3][13] Competitive Strategy - Poly Property leverages its advantages in the convenience consumption sector, focusing on nurturing suitable business opportunities rather than competing directly with strong players [11] Future Growth Expectations - The company expects revenue growth of 5% in 2025, with core property management as the main driver, while non-owner value-added services are expected to decline slightly [19][20] Urban Renewal Opportunities - The company sees urban renewal as a significant growth opportunity, actively exploring projects while ensuring profitability and manageable collection risks [21] Additional Important Insights - The company emphasizes the importance of technology in reducing costs and improving operational efficiency in property management [4] - Despite pressures in the real estate market, the company maintains a positive outlook on the demand for quality services, indicating that premium pricing remains viable [5] - The company is committed to providing sustainable returns to investors, with a potential increase in dividend payout ratios in the future [18]