The Group is a leading happy living service provider nationwide. The main business scope covers property services, community living services and consulting services. The Group always adheres to the concept of “Service Makes Life Better”, and the strategic goal of the Group is to become the most valuable and happy living service provider in China. The Group adheres to the customer-oriented and quality-oriented service strategy, the development strategy on humanoriented technological synergy, the business strategy of improving the lean operation efficiency, and the original intention of service and service innovation. The Group will complete the same goal with employees, grow together with the property owners, and make progress with the society.

During the Period, the Group achieved the following:
 
Revenue was RMB9,288.7 million, representing an increase of 6.1% y/y from the same period of 2024 that was RMB8,752.9 million. 

The Group’s revenue arises from three business segments: (i) property services; (ii) community living services; and (iii) consulting services. During the Period: (i) property services was the largest revenue and profit contributor for the Group, the revenue from which reached RMB6,632.9 million, accounting for 71.4% of the overall revenue and representing an increase of 10.2% y/y from the same period of 2024 that was RMB6,018.6 million; (ii) as for community living services, the revenue amounted to RMB1,356.7 million, accounting for 14.6% of the overall revenue and representing a decrease of 6.0% y/y compared with the same period of 2024 that was RMB1,442.8 million; and (iii) as for consulting services, the revenue amounted to RMB1,299.1 million, accounting for 14.0% of the overall revenue and representing an increase of 0.6% y/y from the same period of 2024 that was RMB1,291.5 million. 

Property services — accounting for 71.4% of total revenue and 56.3% of total gross profit
Property services remain as the Group’s largest revenue and gross profit contributor. The Group has been mainly adopting the overall rationing system for service charging. Based on our management experience and cost control capability over the past 20 years, property services continuously provide us with stable revenue and profit, as well as good reputation, and are the cornerstone of the Group’s implementation of its living service strategy. We will continue to strengthen our core fundamental services of “Security”, “Maintenance”, “Environmental” and “Greening”, while effectively integrating the service contents of the Group’s various product lines and empowering them with technology to drive the orderly and steady growth of this business segment. During the Period:
 
Revenue reached RMB6,632.9 million, representing an increase of 10.2% from the same period of 2024 that was RMB6,018.6 million. This was mainly due to the revenue growth brought by the steady growth of the GFA.
 
Gross profit reached RMB1,017.8 million, representing an increase of 13.3% from the same period of 2024 that was RMB898.1 million.
 
The managed GFA was 536.3 million sq.m., representing an increase of 11.3% or a net increase of 54.6 million sq.m., from the same period of 2024 that was 481.7 million sq.m.. During the Period, through the market strategy of deepening and focusing on core cities, key regions and service formats, we have continuously strengthened and deepened the expansion of high-quality existing projects within the cities and increased the number and scale of projects delivered in the same year, steadily improving the managed GFA.
 
Reserved GFA, a major source of managed GFA, was 347.3 million sq.m. as at 30 June 2025, representing a decrease of 2.9% compared with 357.8 million sq.m. for the same period in 2024, which was because as affected by the domestic real estate development market environment, we prudently carried out the expansion of incremental markets and continuously strengthened and deepened the development of high-quality existing projects within the cities. Meanwhile, we continuously optimised the delivery management and control measures for incremental projects and proactively withdrew from some non-core cities and reserve projects with delivery risks, in order to minimise the possible delivery risks of the subsequent projects. Nevertheless, our reserved GFA was still very abundant and will continue to provide a solid foundation for the Group’s future growth.
 
Managed projects reached 3,639, covering 31 provinces, municipalities and autonomous regions and 197 cities in China.
 
Community living services — accounting 14.6% of total revenue and 19.9% of total gross profit
Community living services offer systematic product and service solutions based on the property owners’ needs of a better life scene. They are an extension of property services and an important area for us to build an ideal community that integrates “recreation”, “learning”, “joy” and “longevity”.
 
During the Period, revenue from community living services was RMB1,356.7 million, representing a decrease of 6.0% from RMB1,442.8 million for the same period of 2024. Among them:
 
revenue from community products and services reached RMB676.2 million (accounting for 49.8% of the community living services’ total revenue), representing an increase of 5.1% compared with RMB643.4 million for the same period of 2024;
 
revenue from home living services reached RMB123.0 million (accounting for 9.1% of the community living services’ total revenue), representing a decrease of 53.8% compared with RMB266.6 million for the same period of 2024;
 
revenue from community space services reached RMB173.0 million (accounting for 12.7% of the community living services’ total revenue), representing an increase of 13.0% compared with RMB153.1 million for the same period of 2024;
 
revenue from property asset management services reached RMB333.5 million (accounting for 24.6% of the community living services’ total revenue), representing an increase of 1.3% compared with RMB329.0 million for the same period of 2024; and
 
revenue from cultural and education services reached RMB51.0 million (accounting for 3.8% of the community living services’ total revenue), representing an increase of 0.6% compared with RMB50.7 million for the same period of 2024.
 
Gross profit reached RMB360.5 million, representing an increase of 6.8% as compared with RMB337.5 million for the same period of 2024.

Consulting services — accounting for 14.0% of total revenue and 23.8% of total gross profit
We continued to focus on the full life cycle of real estate, through the integration of high-quality resources, the construction of a standardised system and business innovation, and by fully leveraging our professional advantages in property services, we provided products and services in line with the service demands of customers at different stages, continuously creating and realizing the value for customers. During the Period, in order to more clearly reflect the business layout of the Group and considering the high overlap in customer bases between the Group’s consulting services and technology services, we adjusted the classification of the main businesses: the technology services were classified under the management consulting services in the consulting services segment, and based on this, the relevant comparative figures of the consulting services for the six months ended 30 June 2024 were restated.
 
Revenue grew by 0.6% to RMB1,299.1 million, compared to the same period of 2024 that was RMB1,291.5 million.
 
Gross profit reached RMB429.8 million, representing an increase of 1.0% y/y from RMB425.4 million for the same period of 2024.