China Resources Mixc Lifestyle Services (1209) investor relations material

Executive summary

• Revenue for the six months ended 30 June 2025 reached RMB8.524 billion, up 6.5% year-over-year, with core net profit rising 15.0% to RMB2.011 billion.

• Gross profit increased 16.3% to RMB3.165 billion, with gross margin improving to 37.1% from 34.0% a year earlier.

• Interim and special dividends declared total RMB0.881 per share, representing a 100% payout of core net profit for the period.

• Business expansion included four new shopping malls, six new commercial projects, and the acquisition of CR Networks SZ and China Net Data Technology GZ, boosting digital and membership operations.

• Membership exceeded 72 million, and the Group integrated digital services to enhance its ecosystem.

Financial highlights

• Commercial management business revenue grew 14.6% year-over-year to RMB3.267 billion; property management revenue rose 1.1% to RMB5.157 billion; ecosystem business revenue doubled to RMB0.100 billion.

• Net profit attributable to shareholders was RMB2.030 billion, up 7.4% year-over-year; earnings per share were RMB0.890.

• Cash and cash equivalents at period end were RMB7.61 billion.

• Gearing ratio increased to 49.3%, mainly due to declared but unpaid dividends.

• Operating net cash flow covered 64.8% of core net profit; trade receivables turnover was 56 days.

Outlook and guidance

• Focus on sustainable, high-quality growth, core city expansion, operational efficiency, and digital transformation.

• Plans to deepen membership ecosystem, enhance customer experience, and leverage technology for operational efficiency.

• Continued efforts to optimize dividend distribution and enhance shareholder returns.

• Transformation and development of value-added services prioritized for the next period.

• Management expects steady performance growth and enhanced shareholder value in the second half of 2025.