In the first half of the year, Yuexiu Services achieved an operating income of 1.962 billion yuan, and its contracted area reached 92.45 million square meters.
On August 21, Yuexiu Services (06626.HK) disclosed its interim performance report for 2025. The report shows that in the first half of the year, Yuexiu Services' operating income was 1.962 billion yuan. The commercial income was 370 million yuan, accounting for 18.9%, and the non - commercial income was 1.592 billion yuan, accounting for 81.1%. Among them, the income from commercial operation and management services was 312 million yuan, and the income from basic property management was 716 million yuan, a year - on - year increase of 19.2%. This is the fourth consecutive year that Yuexiu Services has maintained a high - growth rate of about 20% in the revenue of its "core business" of basic property management. Meanwhile, during the reporting period, the profit attributable to shareholders was 240 million yuan, continuing the profitable momentum.
At the performance meeting, the management announced to maintain a high dividend payout ratio of 50%, effectively converting business growth into investment returns.
Main data of Yuexiu Services' profit statement in the first half of 2025
As of the end of the reporting period, Yuexiu Services' contracted area reached 92.45 million square meters, a 4.2% increase compared with the end of 2024. There were 515 contracted projects, and the managed area exceeded 72.31 million square meters, a 4.3% increase compared with the end of 2024, with 444 managed projects. Yuexiu Services' regional in - depth development strategy is one of the important reasons for its continuous and stable growth in revenue. 91% of its managed area is located in first - and second - tier cities, and the company's average property management fee is about 2.8 yuan per square meter, which is in the high - level range of the industry. The properties delivered by its parent company, Yuexiu Property, in recent years are all high - quality communities in the core areas of first - and second - tier cities, laying a foundation for Yuexiu Services' in - depth development in high - level regions.
Business layout of Yuexiu Services
The management of Yuexiu Services said that the underlying logic of the high - growth in basic property management lies in the upgrade of service quality. Under the property management fee price - limit policy, "matching quality with price" has become the focus of the industry. Yuexiu Services focuses on the needs of property owners, continuously conducts customer research, upgrades service capabilities based on customer pain points, and uses digital and intelligent technologies to drive the upgrade of service quality, aiming to provide "high - quality and reasonably - priced" services.
First is the iteration of the basic operation mode. In the first half of 2025, Yuexiu Services created a new "human - machine collaboration" cleaning model. Through centralized management and mechanized operations, the service efficiency and quality were significantly improved, and the cleaning satisfaction increased by 0.9 points. At the same time, it comprehensively promoted intelligent access control, which significantly improved the community safety level and access efficiency through intelligent management. Currently, nearly 90 projects that meet the requirements are all in operation.
Meanwhile, the management mode has also been transformed. In Yuexiu Services' integrated command center, the real - time operating data of equipment from projects across the country is displayed on the big screen, shifting from the "person - to - person" management mode to data - driven intelligent supervision. Behind this is the self - developed EBA system + RTU gateway, with 100% independent control from hardware design to software algorithms, effectively avoiding the risk of relying on external technologies and ensuring that the equipment has flexible response capabilities in terms of data security, function iteration, and customized services, providing solid technical support for continuous business innovation. Currently, Yuexiu Services has achieved project penetration, completed the launch of the main screen of the property management cockpit, the sub - screens for customer satisfaction and comprehensive collection, and improved the service level comprehensively by forcing front - line standardized operations through back - end data.
Based on this, Yuexiu Services actively constructs a management mechanism for two - way extension with real estate, establishes a rapid collaborative response mechanism for customer maintenance, optimizes the early - intervention mechanism, and reconstructs the acceptance work mechanism to provide high - quality products for property owners. In terms of basic property management services, Yuexiu Services continuously focuses on three major contact points: physical, digital, and interpersonal, conducts customer research and service design, forms a service blueprint and task list to meet the use value, emotional value, and asset value of customers.
As of the end of June 2025, Yuexiu Services' cash and time deposits on the books were 4.791 billion yuan, an increase of 89 million yuan compared with the end of 2024. At the same time, the operating cash flow has been continuously positive, ranking among the "cash first - echelon" of listed property management companies.
The management of Yuexiu Services said that in the future, on the one hand, the company will leverage the background advantages of the three major state - owned enterprises, Yuexiu Group, Yuexiu Property, and Guangzhou Metro, as well as its diversified business scope to expand more projects including subway properties. On the other hand, it will actively pay attention to some investment opportunities in the upstream and downstream industries, and plans to use 500 million yuan for mergers and acquisitions this year to continue expanding its business scale.