Core Viewpoint - Times Neighborhood (09928) reported a mid-year performance for 2025, showing a revenue of RMB 1.216 billion, a year-on-year increase of 5.6%, and a profit attributable to equity holders of RMB 63.838 million, up 56.7% [1] Revenue Breakdown - The property management services segment remains the largest source of revenue for the group, with revenue reaching approximately RMB 964.3 million in the first half of 2025, accounting for about 79.3% of total revenue [1] - The increase in revenue is primarily due to the group's active expansion into the third-party market, with property management area from third-party developers growing by 18.9% year-on-year, contributing an additional RMB 54 million to overall property management service revenue, reflecting a growth rate of approximately 5.9% [1] - The group also actively developed home living services during this period, with community value-added service revenue showing stable growth, increasing by RMB 15.9 million, a rise of about 11.7% year-on-year [1] Profit Growth Factors - The profit growth during the period was mainly influenced by the recognition of fair value gains from put options and an increase in net impairment losses on financial assets and contract assets year-on-year [1]

Group 1 - The core viewpoint of the article highlights that Times Neighborhood Holdings Limited (09928) reported a mid-year performance for 2025, with revenue of RMB 1.216 billion, reflecting a year-on-year growth of 5.6% [1] - The profit attributable to the parent company reached RMB 63.838 million, marking a significant year-on-year increase of 56.7%, with basic earnings per share at 6 cents [1] - The property management services segment remains the largest source of revenue for the company, contributing approximately RMB 964.3 million, which accounts for about 79.3% of total revenue [1] Group 2 - The increase in property management service revenue is primarily due to the company's active expansion into the third-party market, with the area managed for third-party developers growing by 18.9% year-on-year, resulting in an increase of approximately RMB 54 million, or 5.9% [1] - The company also saw stable growth in community value-added services, with revenue from household services increasing by RMB 15.9 million, representing a year-on-year growth of 11.7% [1] - The profit growth during the period was influenced by the recognition of fair value gains on put options and an increase in net impairment losses on financial assets and contract assets compared to the previous year [1]