MIDEA REAL EST (03990) announced its financial results for the year ended December 31, 2025. The group recorded revenue of RMB 4.149 billion, an increase of 11.36% compared to the previous year. Profit attributable to the company's owners was RMB 559 million, a significant improvement from a loss of RMB 2.058 billion in the same period last year. Earnings per share were RMB 0.39, and the board has recommended a final dividend of HKD 0.19 per share.
Throughout 2025, the group efficiently undertook full-cycle development services for projects controlled by its major shareholder, ensuring stable project delivery. This resulted in development service revenue of approximately RMB 958 million for the year. Concurrently, leveraging its strong product reputation, the company expanded its third-party development service business, securing four external projects. Among these, the Wuxi Dongwangfu project achieved a sell-through rate exceeding 90% at its initial launch, surpassing the client's expectations for both pricing and sales performance, which fully demonstrated the group's product strength and development management capabilities.
In its property management segment, the group consolidated its core residential services while utilizing the industrial chain advantages of its controlling shareholder to deepen its presence in sectors such as industrial parks and healthcare. By the end of the reporting period, the contracted area for property management services reached 99.64 million square meters, with an area under management of 86.32 million square meters.
The residential property management business promoted integration with development services, achieving full-lifecycle management of residential properties through deep product and service integration. Guided by the service philosophy of "making our communities better places to live," the company combined development resources to continuously deliver community-building initiatives and lifestyle services that exceed homeowner expectations. This has created a virtuous cycle where development enhances services, and services, in turn, bolster reputation, thereby strengthening the core competitiveness of the residential property business.
The group provided services to 82 industrial parks, continuously refining its capability to offer integrated logistical support. It also served four healthcare institutions, focusing on service scenarios such as basic logistics, medical assistance, specialized departments, humane care, and smart maintenance, thereby establishing its comprehensive "S-LIFE Full-Cycle Healthcare Service Matrix."
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