Shimao Services 2025 Results: Revenue Flat at RMB 7.88 Billion, Net Profit Turns Positive to RMB 134.60 Million

Bulletin Express
Mar 27

Shimao Services reported FY-2025 revenue of RMB 7.88 billion, broadly unchanged from 2024. Property management, the largest segment, rose 4.5 % to RMB 5.82 billion and contributed 73.8 % of total revenue. Community value-added services grew 9.5 % to RMB 1.32 billion, while value-added services to non-property owners advanced 13.1 % to RMB 199.10 million. City services fell 42.8 % to RMB 541.60 million after the September 2024 disposal of Wuxi Jinshatian Technology.

Gross profit declined 10.5 % to RMB 1.40 billion and gross margin narrowed to 17.8 % from 19.8 %. Operating profit reached RMB 161.50 million, reversing a RMB 157.70 million loss a year earlier. Net profit came in at RMB 134.60 million versus a RMB 223.00 million loss in 2024; core net profit improved 6.5 % to RMB 524.30 million. Basic earnings per share turned to RMB 0.04 from a RMB 0.11 loss.

Cash and cash equivalents, including time deposits over three months, fell 20.5 % to RMB 2.99 billion, mainly due to project upgrades, equity transfer payments, financial-asset investments and new associate stakes.

Operationally, gross floor area under management rose 1.3 % to 221.20 million sq m, while contracted GFA increased 6.5 % to 334.60 million sq m. Projects served spanned 145 cities across 1,428 sites.

The board proposed no final dividend for 2025. The AGM is scheduled for 22 June 2026; the share register will be closed 15–22 June 2026 for voting eligibility.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10