Excellence Commercial Property reports profit decline amid revenue drop

Excellence Commercial Property & Facilities Management Group Limited reported a 3.2% decrease in revenue to RMB2,015.15 million for the six months ended June 30, 2025, down from RMB2,082.48 million in the corresponding period of 2024. Gross profit also declined by 10.2% to RMB379.06 million, from RMB422.17 million in 2024, with the gross profit margin falling to 18.8% from 20.3%. The company's net profit for the period was RMB162.31 million, an 11.7% decrease from RMB183.80 million in 2024.

Profit attributable to equity shareholders saw a 13.8% reduction to RMB146.99 million from RMB170.50 million in 2024. Basic earnings per share decreased to 12.05 RMB cents from 13.97 RMB cents. The decline in value-added services revenue by 43.7% to RMB196.40 million, mainly due to decreases in mechanical and electrical installation business and rental management services, contributed significantly to the overall revenue reduction.

Despite the financial declines, the Group's GFA under management increased by 9.0% to 74.28 million sq.m. The company's asset-liability ratio was 27.3% as of June 30, 2025. No interim dividend was recommended for the period, prioritizing working capital for business operations.