China Resources Mixc Lifestyle Services (1209) investor relations material

Executive summary

• Revenue rose 5.1% YoY to RMB18.022 billion, with core net profit up 13.7% YoY to RMB3.950 billion, and gross profit margin improving by 2.5 pts to 35.5%.

• Net profit attributable to shareholders was RMB3.97 billion, up 10.3% YoY.

• Commercial management business revenue grew 10.1% YoY, while property management business revenue increased 1.1% YoY.

• Retail sales of shopping malls surged 23.7% YoY, with same-store growth of 12.2%, outperforming the broader market.

• Membership base exceeded 83 million, up 36.0% YoY, with strong growth in points-based business.

Financial highlights

• Gross profit margin increased by 2.5 pts YoY to 35.5%.

• Core net profit margin improved by 1.6 pts YoY to 21.9%.

• Net profit per share was RMB1.739; core net profit per share was RMB1.731.

• Cash in hand at year-end was RMB15.797 billion, with operating net cash flow covering 103.3% of core net profit.

• Dividend per share rose 12.6% YoY to RMB1.038, with a 100% payout ratio for three consecutive years.

Outlook and guidance

• Strategic positioning upgraded to "world-class urban quality life service provider," focusing on synergistic growth across space, customers, products, and services.

• Focus on high-quality, sustainable growth through a dual strategy of organic and extensional growth.

• Plans to deepen the “2+1” business model (commercial management, property management, membership), strengthen technology and innovation, and drive organizational transformation.