Binjiang Service Group reports robust interim growth, 22.7% revenue increase

For the six months ended June 30, 2025, Binjiang Service Group reported a 22.7% increase in total revenue, reaching RMB2.025 bn, up from RMB1.650 bn in the corresponding period of 2024. Gross profit grew by 7.9% to RMB455.076m, although the gross profit margin saw a slight decrease to 22.5% from 25.6% in 2024, primarily due to a reduction in higher-margin value-added services to non-property owners. Profit attributable to equity shareholders of the company increased by 12.2% to RMB297.707m.

The group's property management services revenue climbed by 27.9% to RMB1.158 bn. 5S value-added services revenue also rose significantly by 32.0% to RMB652.542m, with Youju services contributing RMB573.788m, a 36.7% increase year-on-year. Conversely, value-added services to non-property owners decreased by 14.6% to RMB214.129m. Total GFA under management reached 75.1m sq.m., a 19.0% increase, while contracted GFA grew 7.1% to 96.4m sq.m. The average monthly property management fee per sq.m. increased to RMB4.20.

The board proposed an interim dividend of HK$0.826 per share for the six months ended June 30, 2025, with a total dividend amount of approximately HK$242.132m. The dividend is expected to be paid on September 19, 2025.