Redco Healthy Living Company (2370) H2 2025 earnings summary

Executive summary

• FY2025 revenue was RMB400.5m, down 4.6% YoY; net loss narrowed 53.9% to RMB9.3m, while managed GFA rose 12.4% to 23.7m sq.m.

• Contracted GFA increased 8.0% to 29.5m sq.m.; no final dividend was recommended.

Financial highlights

• Revenue fell to RMB400.535m from RMB419.635m; gross profit declined 14.6% to RMB96.907m and gross margin fell to 24.2% from 27.0%.

• Operating loss narrowed to RMB4.235m from RMB13.247m; net loss narrowed to RMB9.253m from RMB20.090m.

• Loss attributable to owners was RMB17.539m; basic and diluted loss per share improved to RMB8.77 cents from RMB14.21 cents.

• General and administrative expenses rose 25.3% to RMB70.4m; financial-asset impairment losses fell to RMB21.5m from RMB41.0m.

Outlook and guidance

• 2026 priorities include consolidating market position in developed regions, organic growth and resource consolidation, cost reduction, efficiency gains, and expansion of service offerings.

• Plans emphasize smart technology in customer service, facility operations and maintenance, and spatial management, alongside standardized service products and community value creation.