绿城服务- 行业领先的利润率修复；给予买入评级

12 December 2025 | 7:28AM CST Equity Research GREENTOWN SERVICE (2869.HK) Sector-leading margin recovery; Buy We reiterate our Buy rating on Greentown Services. Post its effective portfolio optimization and business restructuring during this downturn, we expect GTS to deliver an average 10% p.a. scale ramp-up pace (double that of coverage overall) and, more importantly, given its strong focus on portfolio quality and efficiency enhancement, we see GTS standing out among coverage PMs in terms of its profitab ...