Ruisen Life Service Co, Limited (1922) has reported its unaudited interim results for the six months ended 30 June 2025. Revenue increased by approximately 4.1% year-on-year to RMB997.0 million, compared with RMB957.8 million in the same period of 2024. The company’s net profit stood at RMB57.5 million, a turnaround from a net loss of RMB15.9 million in the first half of 2024, primarily attributed to considerably lower impairment losses during the reporting period.
Property management services remained the largest contributor to revenue, rising to RMB789.8 million, helped by new project acquisitions. However, value-added services revenue declined from RMB267.7 million to RMB202.5 million due in part to a reduction in residential projects under management. Gross profit rose to RMB151.0 million, reflecting effective cost containment and operational improvements. As of 30 June 2025, the company recorded total assets of RMB1.13 billion, total equity of RMB266.4 million, and had net current assets of RMB32.2 million.
Management highlighted that trading in the company’s shares has been suspended since 28 August 2024, pending satisfaction of certain conditions set out by the Stock Exchange. An independent forensic accountant and an independent professional adviser have been engaged to investigate allegations and review the company’s internal controls to address the Stock Exchange’s resumption requirements. The Board has resolved not to declare an interim dividend for the reporting period.
The company continues implementing measures to strengthen its internal governance and meet resumption guidance as required by the Stock Exchange. Further announcements will be made in accordance with the Listing Rules to update shareholders and investors on the company’s progress toward resumption of trading.
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