Binjiang Service Group (3316) H2 2025 earnings summary

Executive summary

• Revenue grew 14.1% year-over-year to RMB4,101.3 million, with gross profit up 8.9% to RMB910.0 million and net profit up 10.1% to RMB609.4 million.

• Property management services led growth, up 26.3%, while value-added services to non-property owners declined 16.6%.

• GFA under management increased 21.6% to 82.6 million sq.m.; contracted GFA rose 12.3% to 104.2 million sq.m.

• Final dividend of HK$0.978 per share proposed, with a total annual payout ratio of 75%.

Financial highlights

• Gross profit margin decreased to 22.2% from 23.2% year-over-year.

• Net profit margin was 14.9%, down from 15.4% in 2024.

• Earnings per share increased 8.6% to RMB2.15.

• Net operating cash inflow rose 47.7% to RMB828.7 million.

• Cash and cash equivalents remained stable at RMB890.5 million.

Outlook and guidance

• Focus on strengthening brand, expanding in the Yangtze River Delta, and enhancing service quality.

• Plans to further expand business scale, market share, and diversify value-added services.

• Continued investment in AI and smart management platforms to improve operational efficiency.