Kingfar Property Services FY2025: Revenue Tops RMB1.05 Billion, Net Profit Climbs 8.3%

Bulletin Express03-25 23:01

Xi’an Kingfar Property Services Co., Ltd. (“Kingfar Property Services”) released its audited results for the year ended 31 December 2025.

Revenue reached RMB1.05 billion, up 10.3% year-on-year, driven by growth across all three core business lines. City services remained the largest contributor at 62.4% of total revenue, rising 10.2% to RMB654.75 million. Residential property management revenue increased 14.0% to RMB229.02 million, while commercial property management rose 6.1% to RMB162.43 million.

Gross profit expanded 13.3% to RMB162.24 million, lifting the overall gross margin by 0.4 percentage points to 15.5%. Segment margins improved for city services (12.7%) and commercial property management (22.6%), while residential property management recorded 18.2%.

Net profit advanced 8.3% to RMB66.19 million, and profit attributable to shareholders grew 8.3% to RMB63.95 million. Basic earnings per share came in at RMB0.96 (2024: RMB1.01), reflecting the higher share base after the July 2024 listing.

The Group closed the year with cash and bank balances of RMB445.52 million and remained debt-free, resulting in a zero gearing ratio. Net current assets increased to RMB200.02 million (2024: RMB148.50 million). Capital expenditure totaled RMB15.60 million, mainly for refuse-collection vehicles and equipment.

Operationally, total contracted area rose to 32.4 million sq.m., with 31.9 million sq.m. under management across 201 projects.

The Board recommended no final dividend for FY2025.

Looking ahead, management highlighted plans to expand scale through project development, M&A and joint ventures, deepen integrated facility management and catering services, and continue investment in smart property management systems and talent development.

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